It was founded in 2011, Octa Markets Incorporated (OctaFX) is based in Saint Vincent and the Grenadines. It offers MetaTrader and cTrader platforms. The broker offers 28 currency pairs, three CFD cryptocurrencies and CFD contracts for four metals. They also offer two energies, and ten indices, a total of 47 instruments.
The commission and fees of OctaFX vary depending on one of the three available account types. They are- MT4 Micro, MT5 Pro or cTrader ECN account.
Comparably, the spreads are highest on the MT4 Micro account, where the broker offers only 37 tradable instruments; the typical spread in EUR / USD is listed as 1.1 pips, while the MT5 Pro account provides a full range of transferable products, and spreads slightly fall to 0.9 pips.
OctaFX provides a wide range of research content in the Tools for traders section. It includes an economic calendar, market analyzes, and daily analytical positions as well as transactional signals from AutoChartist. The broker also produces video content, such as a regular market entry in a minute on YouTube, and provides several archived webinars and educational material.
OctaFX offers mobile applications for iOS and Android platforms for Metatrader and cTrader platforms, available directly from developers in the iTunes store and Google Play. To learn more about MT4, read our guide to MetaTrader, and for SpotWorks systems, read our guide to cTrader.
In 2017, OctaFX introduced CFD trading on bitcoinethereum and litecoin. Around this time, OctaFX launched a non-trading mobile application for clients. Now they will be able to access the back-office account features such as those found on its web portal.