Regulated

Octa

Country: Comoros

Founded: 2011

Maximum leverage: 1:1000

0%
Score
Licence Status
AA
Regulator
CySEC
Trading flatform
OctaTrader
Official
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    Software score
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    Lisense

    Details
    🇨🇾 Cyprus 37218
    AA
    CySEC Authorised
    🇿🇦 South Africa 51913
    BB
    FSCA Authorised
    🇰🇲 Comoros 2023320
    CC
    MISA Authorised

    Contact information

    Web: https://www.octafx.com/

    Email :

    support@octafx.com

    Phone:

    Trading account

    MT5 Account
    OctaTrader account
    MT4 account
    Minimum Deposit 25.0 $
    Spread Variable
    Margin call level Có
    Leverage 1 : 1000
    Product Cryptocurrencies, Stocks/Equities, Indices, Energies, Precious Metals, Forex/Currencies
    Scalping Supported
    Hedging Supported
    Minimum Deposit 25.0 $
    Spread Variable
    Margin call level Có
    Leverage 1 : 1000
    Product Cryptocurrencies, Indices, Energies, Precious Metals, Forex/Currencies
    Scalping Supported
    Hedging Supported
    Minimum Deposit $
    Spread Variable
    Margin call level Có
    Leverage 1 : 1000
    Product Cryptocurrencies, Indices, Energies, Precious Metals, Forex/Currencies
    Scalping Supported
    Hedging Supported

    Top 5 Broker

    Regulated
    Regulated
    Regulated
    Regulated
    Regulated
    Regulated

    Broker information

    Headquarters: Comoros

    Founded: 2011

    Company name: Octa Markets LTD

    Payment: visa, Bank

    Company Introduction

    Founded in 2011 and registered in Cyprus, Octa is a financial broker regulated by CySEC. The company offers a wide range of trading instruments including forex, gold/silver, commodities, indices, and cryptocurrencies, with its proprietary platform OctaTrader, available on web, desktop, and Android mobile.

    Octa provides demo accounts, requires a minimum deposit of 50 EUR, offers leverage up to 1:30, and maintains an average EUR/USD spread of around 1.1 pips. All deposits and withdrawals are free of charge, though payment methods are limited and customer support is only available during business hours.

    Pros:

    • Regulated by CySEC.
    • Wide range of trading products.
    • Demo accounts available.
    • Tight EUR/USD spreads.
    • No deposit/withdrawal fees.

    Cons:

    • Regional restrictions.
    • No MT4/MT5 support.
    • Limited payment options.
    • No 24/7 customer support.

    Trading Products

    • Available: Forex, Gold/Silver, Commodities, Indices, Cryptocurrencies.
    • Not Available: Stocks, Bonds, Options, ETFs.

    Leverage

    • Forex: 1:30
    • Gold & Silver: 1:20
    • Commodities: 1:10
    • Indices: 1:20
    • Cryptocurrencies: 1:25

    Note: Higher leverage involves higher risk, which can lead to rapid profits or losses.

    Spreads & Fees

    • EUR/USD spread around 1.1 pips.
    • No additional trading fees.

    Trading Platform

    • OctaTrader (proprietary): available on Web, Desktop, and Android.
    • MT4/MT5 not supported.

    Deposits & Withdrawals

    • Methods: Swissquote, BluOr Bank, RIETUMU.
    • Minimum: 50 EUR for both deposits and withdrawals.
    • Processing time: 3–7 business days.
    • Fees: Free.

    Customer Support

    • Channels: Email (clientsupport@octaeu.com), social media (Facebook, Twitter, Instagram).
    • Languages: English, Italian.
    • Availability: 09:00 – 18:00 (UTC+3).
    • Office Address: Limassol, Cyprus.

    Conclusion

    Octa is a CySEC-regulated broker that offers a safe trading environment with competitive spreads and free deposits/withdrawals. However, its limited payment options, lack of MT4/MT5, and absence of 24/7 customer support may pose concerns for some traders. Overall, Octa is a suitable choice for investors seeking a transparent, simple, and proprietary trading platform experience.

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