Octa (OctaFX)

GLOBAL BROKER
4.4/5 (967 reviews)
  • Competitive spreads
  • Multi-regulated
  • Copy trading platform
  • Educational resources
  • Multiple platforms
  • Low minimum deposit
0.6
Min Spread (pips)
$25
Min Deposit
1:500
Max Leverage
40+
Currency Pairs

Basic Information

  • Company Name: Octa Markets Incorporated
  • Website: octafx.com
  • Founded: 2011
  • Headquarters: St. Vincent and the Grenadines
  • Operating Period: 14+ years
  • Contact Number: +1 (784) 493-9560

Regulation & Licensing

  • Primary Regulator: CySEC (Cyprus Securities and Exchange Commission)
  • License Number: 274/14
  • Additional Licenses: FCA (UK), ASIC (Australia), FSC (Mauritius)
  • Registered Region: Europe, UK, Australia, Africa
  • Client Fund Protection: Segregated accounts with tier-1 banks

Real-time Spreads

Currency Pair Micro Account Pro Account ECN Account
EUR/USD 1.1 pips 0.6 pips 0.1 pips*
GBP/USD 1.6 pips 1.0 pips 0.4 pips*
USD/JPY 1.3 pips 0.8 pips 0.2 pips*
AUD/USD 1.5 pips 0.9 pips 0.3 pips*
*Plus $6 commission per lot

Related Software

  • MetaTrader 4: Desktop, Web, and Mobile versions
  • MetaTrader 5: Advanced multi-asset platform
  • cTrader: Professional ECN platform
  • OctaTrader: Proprietary mobile trading app
  • Copy Trading: Social trading platform

Environment

  • Execution Model: Market Maker and ECN/STP
  • Order Execution: Average execution time 0.1 seconds
  • Account Types: Micro, Pro, ECN
  • Trading Hours: 24/5 for Forex
  • Available Instruments: 120+ trading instruments

Pros and Cons

Pros
  • Very low minimum deposit ($25)
  • Multiple account types
  • Copy trading platform
  • Educational resources
  • Multiple platforms
  • Global presence
Cons
  • Higher spreads than ECN specialists
  • Limited advanced tools
  • Withdrawal processing times
  • Some regional restrictions

Overall Rating

4.4/5

Based on 967 reviews

Accessibility 4.8/5
Copy Trading 4.6/5
Platforms 4.4/5
Support 4.3/5
Spreads 4.1/5

Contact Information

  • Phone: +1 (784) 493-9560
  • Email: [email protected]
  • Live Chat: Available 24/7
  • Languages: 20+ languages supported

Related Enterprises

  • Octa Markets Incorporated
  • OctaFX Europe Ltd (Cyprus)
  • OctaFX Global Ltd (Mauritius)

Company Summary

Octa (formerly OctaFX) is an international forex and CFD broker that has been serving traders worldwide since 2011. Known for its accessibility and user-friendly approach, Octa has built a strong presence in emerging markets while maintaining regulatory compliance across multiple jurisdictions.

The broker is regulated by several authorities including CySEC in Cyprus, FCA in the UK, ASIC in Australia, and FSC in Mauritius, providing comprehensive client protection across different regions. Octa operates both Market Maker and ECN models, catering to different types of traders and trading strategies.

One of Octa's key strengths is its low barrier to entry, with a minimum deposit of just $25, making forex trading accessible to retail traders with limited capital. The broker offers multiple account types including Micro, Pro, and ECN accounts, each designed for different experience levels and trading volumes.

Octa provides access to popular trading platforms including MetaTrader 4, MetaTrader 5, and cTrader, along with proprietary mobile solutions. The broker has also developed a comprehensive copy trading platform, allowing less experienced traders to follow and replicate the strategies of successful traders.

With strong educational resources, multilingual support, and a focus on emerging markets, Octa continues to grow its global footprint while maintaining competitive trading conditions and reliable service for retail traders worldwide.

Marketing Strategy

Octa employs a globally accessible marketing strategy that emphasizes:

  • Accessibility Focus: Low minimum deposits and beginner-friendly features
  • Copy Trading Innovation: Social trading platform development
  • Global Expansion: Multi-jurisdictional presence and local partnerships
  • Educational Support: Comprehensive learning resources and webinars
  • Emerging Market Presence: Focus on developing economies and regions