Octa

Rating: 4.5 / 5

Founded in 2011, Octa (formerly OctaFX) is home to more than 42 million trading accounts. It continues to increase its market share with its swap-free offering, competitive pricing model, plus generous bonuses and incentives. An impressive aspect of the offering is Space, a powerful analytics tool built into OctaTrader that is a smart feed with actionable trading ideas and deep analysis. Another tool setting the broker apart is OctaVision, OctaTrader's AI-powered tool that allows traders to analyse trades individually or in bulk, providing valuable trading feedback. The broker’s AI pattern recognition feature, which shows the most relevant technical analysis patterns for a chosen instrument and time frame is another exciting addition to the Octa toolkit.

Octa Website Screenshot

Broker Details

Headquarters
Comoros
Established
2011
Min Deposit
$25
Execution
Market Maker
Regulators
CySEC, FSCA, MWALI International Services Authority

Trading Conditions

Retail Loss Rate
67.65%
Min Raw Spreads
Not applicable
Min Standard Spreads
0.6 pips
Min Forex Commission
Commission-free
Trading Hours
Currency PairsMonday 00:00 - Friday 23:59
CryptocurrenciesMonday 00:00 - Friday 23:59
CommoditiesMonday 00:00 - Friday 23:59
Crude OilMonday 00:00 - Friday 23:59
GoldMonday 00:00 - Friday 23:59
MetalsMonday 00:00 - Friday 23:59
Equity IndicesMonday 09:00 - Friday 22:00
StocksMonday 09:00 - Friday 22:00

Accounts & Funding

Funding Methods
9
Deposit Options
Credit CardsWire TransferDebit CardsOther
Deposit Fees
No
Withdrawal Options
Credit CardsWire TransferDebit CardsOther
Withdrawal Fee
No

Trading Costs & Spreads

EUR/USD
0.9 pips
GBP/USD
1.3 pips
Gold
$0.30
Bitcoin
$11
WTI Crude
$0.07
Inactivity Fee
No

Platform & Features

Trading Platforms
MetaTrader 4, MetaTrader 5, Proprietary platform

Pros

  • Quick withdrawals and deposits
  • 0% commission and no overnight charges
  • Space with personalised trading ideas
  • Customer Support 24/7

Cons

  • Mobile copy trading services available only for Android

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