Octa has built a strong reputation since 2011 as a commission-free broker operating in more than 180 countries. It is essential to be fully aware of these risks before engaging in any trading activity. Investing in financial instruments, commodities, and other assets carries inherent risks, and there is a possibility that you may lose your entire investment. RationalFX, a company with over 20 years of experience since its founding in 2005, has established itself as a credible authority in the industry. Copy Trading further enhances its appeal by simplifying trading for beginners and providing passive income opportunities.
The broker caters to traders of all experience levels, offering free educational resources, such as online courses on the basics of trading, webinars, and live trading sessions. The demo account lets you test the platforms while practising trading in a risk-free trading environment using virtual currency. Octa offers a demo account for all of its platforms such as OctaTrader, MetaTrader 4, and MetaTrader 5. With 300 markets I found Octa provides the major financial instruments most traders would focus on such as forex majors, gold, stocks like Tesla, or cryptocurrencies like Bitcoin. The broker covers 10 major indices on its OctaTrader and MT5 platform covering Asia, Europe, and US markets, while MT4 offers 6 indices including the S&P 500, and FTSE 100. I like that Octa provides a variety of trading platforms that all trading styles can use, making the broker a versatile option to benefit from the lower trading costs.
The broker’s policy of offering swap-free trading on all instruments, at no extra cost, is a rare advantage in the industry. OCTA stands out in the research category with a rich set of in-house tools, including daily market overviews, an economic calendar, and featured trading signals. OCTA provides Islamic accounts for swap-free trading under Shariah Law. Stock trading is only available through the MetaTrader 5 account, while Expert Advisors (EAs) can be used on both MetaTrader 4 and MetaTrader 5 accounts. The broker does not impose a handling fee on deposits or withdrawals, though third-party banking fees may apply. In my estimation, OctaTrader is a great fit for technical and day traders looking to scoop the next best trading opportunity, thanks to featured trading signals and market breakdowns.
Octa Fees
This Octa review was really useful for me about a month ago when I was gauging their potential and fit for my trading style. Customer service is provided around the clock; the broker’s security dedication calls for SSL encryption and rigorous KYC practices. Opening a live account with Octa is a straightforward process.
Tradable Instruments
He is a forex industry expert and an active fintech and crypto researcher. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. While we’ve tested thoroughly, issues may still occur.If you notice any errors or issues accessing your account, please report them to our Customer Care team via email. We’ve completed large-scale technical upgrades affecting all platform components.
- This clarity lets traders focus on market opportunities, while high leverage enhances trading potential, making Octa an excellent choice for cost-efficient trading.
- That being said, there isn’t much educational content for learning how to trade or understand market dynamics.
- I’m really grateful for this help and hope our cooperation will last a long time!
- As you can see from the above table all the accounts offer the same regarding trading costs, the only difference is the trading platform.
- My experience with Octa’s customer service was largely positive thanks to its 24/7 customer support and impressive AI live chat service.
The broker manages different accounts, which keeps client money apart from operational resources, hence improving security. Octa’s trading environment is best for regular market participants for active traders. Octa is indeed more appealing and more widely offering various attractive tools and proposals on International trading therefore Broker is better for International traders. Overall, Octa provides good flexibility in terms of conditions, platforms, and instruments it proposes. Octa is a technology-based brokerage company and Forex broker that offers an industry-leading platform Metatrader4 and MetaTrader5 with numerous investment opportunities and great capabilities.
Before, it was like you provide some docs to confirm your need for those accounts and then the broker decides to give it or not. Don’t get me wrong, the LunarCapital website is very transparent but they just display trading terms and features, and for new traders like me it is hard to understand what it means. I love the absence of swap fees, but love even more their LunarCapitaltrader app and the AI feature integrated into it Additionally Octa also offers instructional tools like trading calculators and Autochartist along various contests and promotional programs. Octa provides low spreads, no commissions, and a minimum deposit of $25 using over 300 instruments—including 52 currency pairings, 34 cryptocurrencies, and 10 global indices.
I tested OCTA’s spreads on 5 August 2025 during the London and New York opens. On the downside, its spreads vary widely, ranging from tight on EURUSD and share CFDs to high on commodities and indices. I appreciate that OCTA displays live spread data on its website so visitors can quickly assess the broker’s fee competitiveness and transparency. I checked OCTA’s numbers and discovered that the broker has been operational for 14 years and employs over 700 professionals globally, according to its LinkedIn page.
Swap-Free Account Fees
- Web traffic data positions it somewhat lower, with Similarweb reporting 645,289 global visits in August 2025, placing Octa as the 29th most visited broker.
- The ‘Space’ and ‘OctaVision’ tools are nice additions, greatly enhancing the platform’s capabilities.
- Octa offers a reliable and accessible trading platform for traders globally.
- Octa has good educational and training tools for beginners as well as expert traders.
OctaFX offers exceptional customer support to ensure a smooth and user-friendly trading experience. OctaFX provides a diverse array of trading instruments, enabling traders to access various financial markets and tailor their portfolios according to their strategies and risk tolerance. Overall, with competitive spreads, high leverage options, and robust security measures, OctaFX strives to provide a comprehensive trading experience tailored to diverse needs.
What are the available payment methods for deposits and withdrawals?
These positions were reopened on your new OctaTrader account at the same prices. We understand that this situation may feel unexpected, so we want to explain what happened as clearly as possible.As part of a scheduled technical update, your open orders were transferred from your previous MetaQuotes account to your new OctaTrader account. The lack of advance notice and the inability to restore my account setup have placed me in a difficult and unfair situation.I request that Octa reverse the migration and return my balance and open trades to MetaTrader. Both automated and human support agents told me they could not assist and advised me to close all my open positions before making an internal transfer.
When and how do I receive my referral commissions?
The app can also be used to place market, limit, and stop orders and adjust the exposure of your open trades. The OCTA mobile app is available on iOS and Android, enabling quick and easy access to the market on the go. I enjoyed using the OctaTrader platform because of its user-friendly design and high-definition charts. However, its analytical tools and chart configurations are very limited. The platform is also suitable for beginners who can track their progress and learn from their mistakes using the ‘OctaVision’ tool. The great thing about the ‘Space’ feature is that it lets users copy trading signals directly from the chart, making it easier to act on insights quickly and make informed trading decisions.
Both platforms are available on desktop, web and mobile devices, ensuring seamless trading across various operating systems. Over the years, it has expanded its operations to serve traders worldwide, with more than 40 million accounts opened across over 180 countries. As for account management, I found the deposit and withdrawal services to be fast with same-day funding and withdrawals with no fees. The broker’s range of forex trading products is limited to MT4, MT5, and OctaTrader but still provides a service to every trading style thanks to the MetaTrader options. My experience with Octa has been largely positive thanks to its excellent ECN trading conditions giving me low spreads that averaged 0.80 pips on EUR/USD with no commissions. This is an impressive feature if you’re new to trading due to the constant flow of trading ideas with detailed market commentary that https://lunarcapital.world/ will help you learn in real time.
Furthermore, although Octa does not charge inactivity fees, traders who deposit or withdraw in currencies other than USD or EUR could have to pay for the conversion. The spreads include trading-related charges, therefore simplifying the fee structure and enabling traders to grasp their expenses better. The broker also provides negative balance protection, therefore shielding customers from losing more than their account balance in a declining market.
Still, the chosen payment method and geographic location could determine the real-time for money to get to the trader’s account. Octa offers several withdrawal methods for traders’ convenience. Octa also covers fees so you may access your moany at any time and receive it relatively quickly. As a licensed broker that obliges to safety measures, Octa Cyprus offers only Bank Wire Transfer for its European clients.
Octa’s Invite-a-Friend program lets traders earn extra income by referring friends at no cost. Just share your unique link, and both you and your friends benefit, with you earning commissions and them receiving a 100% deposit bonus. Consequently, it serves as a perfect platform for anyone aiming to monetize their network within the Forex industry.
Indices
The account opening is easy to follow, trading conditions are good, along with the platform selection and a range of instruments offered. SPOVA is a trading broker based in Anjouan that offers contracts for difference on forex, stocks, indices, commodities, and crypto. FXChoice is a trustworthy broker offering direct access to the global markets and powerful trading tools. Paired with a 50% deposit bonus, it offers convenience and added value, making Octa a trustworthy platform for traders seeking flexible and secure fund management. This clarity lets traders focus on market opportunities, while high leverage enhances trading potential, making Octa an excellent choice for cost-efficient trading. There are also no fees for deposits or withdrawals, making it ideal for traders seeking a cost-efficient platform with no hidden charges.
Actually, after signing up and opening the platform to hold positions for more than 3 days, I wasn’t charged by Octa for overniight positions. Now i’m not glued to the monitor and can watch my favourite shows while trading. Promised, tight spreads, I didn’t feel that my profits got impacted, indeed low costs. Before knowing that good brokers like Octa exists, I lost a hope to find a trustworthy broker. Here I traded mainly gold and many times I extended positions to 3-5 days to nearest round targets.
Octa imposes no commissions, no overnight or trading charges. Conditions are also based on enityt, as EU account offering is different. Octa, with a trust score of 70, is regarded as having ordinary risk, thereby giving traders a fair degree of confidence about its dependability Lunar Capital forex brokers reviews and operational integrity. Since the regulation demands strict follow of Forex business operations management, it is considered safe to open an account either with Cyprus, South Africa or an international Octa entity.
I liked the daily webinars with professional traders that let you learn while trading in a live environment to experience how traders analyse the markets in real time. I found all platforms Octa offers provide mobile trading apps on your iOS or Android device, which can be downloaded directly from the broker’s website. The big takeaway from my time with Octa is that it doesn’t charge swap fees on any of its accounts which are usually reserved for swap-free Islamic trading accounts. It provides platforms like MetaTrader 4 and 5, with competitive spreads, copy trading, and educational content for traders of all levels. These resources cater to both beginners and experienced traders, making it easier to understand trading strategies, market analysis, and platform features. Octa offers a diverse portfolio of trading instruments across major markets, including forex, stocks, indices, commodities, cryptocurrencies, and shares.
Out of the platforms available, I believe MT5 is your best option overall as it allows you to trade all asset classes and improves on the features of the MT4. The demo account provides real-time price feeds like a live account but gives you virtual funds to trade in a risk-free environment. It’s worth commenting that unlike other brokers which have swap-free trading, Octa does not Octa said that offering swap-free accounts aligns with its business goal of serving a global clientele. If you want to trade all markets Octa provides, I found your only option is the MetaTrader 5 account.
This is a great tool if you scalp or day trade as you can use the data to find hidden support or resistance while helping you spot breakout trading opportunities. With Octa being an ECN broker, I found MetaTrader 5 can utilise its advanced features like depth of markets tool for you to analyse market order flow. Additionally, you have excellent drawing tools for price action analysis like Fibonacci or Gann tools which I couldn’t find on the OctaTrader platform. The platform also has 38+ indicators featuring Ichimoku and RSI, while increasing the number of timeframes to 21 for better customisation.
Designed to appeal to both beginners and advanced traders, the Octa Desktop MetaTrader 4 (MT4) platform is much praised for its reliability and adaptability. Providing access to sophisticated charting tools and technical indicators, the platform effortlessly connects with MetaTrader 4 (MT4) and MetaTrader 5 (MT5). It lets customers make rapid and effective trades without unnecessary complexity, therefore supporting complex trading activities.