OctaFX Trading Platform – Review, Top Features, Set-up Process, Benefits & more
Last Updated Date: Aug 31, 2023Find out everything about OctaFX Trading Platform here. You can’t expect profitable results until you have a clear-cut plan for trading in place.
Modern tools and online brokers have already put a stop to conventional approaches for trading. They bring easiness in the way you trade and plan moves for investment.
Such as the OctaFX online trading platform, where millions of traders bring their trading plans into action. For new traders, the platform isn’t less than a treasure.
Hence, this article aims to share a detailed image of the OctaFX trading platform so you self-assuredly could share some positive reviews on OctaFX-the best trading platform of this age.
Let’s jump into this article to know more about this Trading Terminal of OctaFX.
About OctaFX Trading Platform
OctaFX, a web trading platform, is mainly known for its MetaTrader and c-Trader Trading platforms that work smoothly.
This amazing online broker has been in trading service since 2011, started by Georgios D. Pantzis in SVG, Cyprus.
Despite the fact that the OctaFX trading platform carries a European regulation license, still, most traders don’t find it a great broker to start trading at.
The reasons are apparent. OctaFX online trading broker lacks major jurisdictions. But it doesn’t make the right sense to call it a worse trading broker.
Since its inception, the company continues to prove that it deserves to be counted among the best, and they did it. OctaFX online broker has a long-standing history of its success.
Such as, OctaFX won the prize for being the best forex broker in Asia, 2018, and once again made a winning spot among the best of 2019.
Currently, 200+ are working for OctaFX online trading broker, which is amazingly a big number. It clearly expresses the value of OctaFX in the trading market.
Get Free Access to Platform – Open a Forex Account Now!
Find Trading Platform of other Forex Brokers
OctaFX Trading Platform – Top Features
The features of the OctaFX trading platform have always been its core points.
It makes OctaFX utterly a great trading solution, and you should learn more about it.
Well Built Interface
A clear and responsive interface is a vanilla feature of OctaFX online trading broker. Every feature is within reach. Moreover, the site loads faster.
Copy Trading Enabled
Copy trading is quite a helpful feature for beginners with a soft background in trading.
Users can copy the positions managed by other trading masters and expect higher returns with the least brain-work.
Mobile trading Experience
Besides OctaFX web-based trading platform, traders can start trading using the OctaFX official mobile app.
The app serves a similar user experience as web-based trading.
Packed with Educational Content
Education is at the core of any trading journey. You can’t drive the most desired results until you aren’t fully sure about your trading moves.
Thus, the OctaFX trading platform gives you this precious chance of learning, so you capture great returns.
Technical Tools
Besides charts and technical indicators, traders are even exposed to some vital tools at OctaFX online trading broker.
With such an automated trading system, simply put, you can use stop loss/take profit commands in your trading account. In sum, your trading journey becomes more productive.
Offers Promotions
Traders are also exposed to some dazzling promotional offers at the OctaFX trading platform.
To simply put, the OctaFX broker launches events for traders from time to time.
One can win some exciting prizes by joining these events.
Supports Multiple Languages
OctaFX runs its trading services in 100+ countries.
Since the broker does care for your regional language, you get several language options to choose from.
Find it right in the upper right corner of the interface.
Expert Advisors
Professional trading account users at OctaFX online trading platform get some added benefits.
Such as personal expert advisors and extra trading tools.
How to Set up OctaFX Trading Terminal?
Account set-up goes like a breeze once you understand the basics of how to create an account at the OctaFX trading platform.
- Start with a simple log-in (enter your Gmail id and create a strong password)
- Verify your g-mail id and password again
- Now, OctaFX asks you to submit some documents related to identification proof and home address as a part of KYC norms, so do the same.
- Once the KYC process is over, choose the trading platform from the given option: Micro (MT4), Pro (MT5), and ECN (cTrader).
- Submit the minimal deposit amount to launch your trading account. (Note: the minimum amount varies, depending upon your location and the type of trading platform you select.)
- As soon as the amount is submitted, you can start trading at the OctaFX web trading platform.
Traders can also choose a practical/demo account before accessing the OctaFX live trading account.
The idea behind offering multiple trading platforms is that traders can access spreads and leverage that are unlike in both.
Also, OctaFX offers an Islamic trading account for its UAE users.
(Note: The account opening process stands similar for mobile users as well)
Find Different Trading Platform of Forex Brokers
How to Use OctaFX MetaTrader 5?
After knowing the basics of opening an account at the OctaFX trading platform, it’s time to learn how to launch your first trade at OctaFX trading broker. How can you use your trading account properly?
Know right over here.
Log in to your account and choose the desired trading platform ( e.g., MetaTrader 4 and MetaTrader 5). Meta trader 4 provides you leverage up to 1:500; that is 1:200 if you choose MetaTrader 5. In addition to these trading platforms, users can even choose cTrader.
Once you find the ideal trading platform, fund your account as now you will go on the hunt for the best tradable assets.
Using the search box, figure out the ideal assets that are worth your trading decision. Don’t forget to throw detailed research work.
Pinpoint ideal buying or selling position using the indicators and charts.
Use stop loss to secure yourself from the unexpected market drops; use the profit to exit the market at the right time even though you are available or not.
OctaFX also runs referral programs and exciting promotional offers that bring further opportunities to fund your account; this enables users to trade more assets.
Advantages of OctaFX Web Trading Platform
Trading at OctaFX online trading platform can be rewarding.
This is because a handful of benefits makes it an ideal trading platform for traders.
Have a look at the list stated below that reveals whether the OctaFX trading platform fits your trading goals or not.
- OctaFX comprise of some useful trading tools and indicators
- Promotional offers come with extra bonuses and prizes
- The educational tool makes every trading move well-informed
- Copy Trading features deliver a pleasing trading experience to fresh traders
- Multiple language options eliminate regional barriers
- Offers multiple tradable assets
- Brilliant customer support services
- Commission-free trading
- EU regulation
- Attractive spreads and leverage
- Trade on multiple trading platforms
Check out the Online Trading Platform of FOREX Brokers
OctaFX Trading Platform – Conclusion
OctaFX is certainly a great platform to start trading with. The platform is jam-packed with every feature, mind-blowing tools, and options.
A well-built interface ensures every key aspect is within reach, so a trader could take speedy moves in no time.
To simply put, you can carry out day trading like a dream on this finest online trading platform.
For many countries, the deposit fee starts from $20 only.
Apart from that, if we talk about leverage, it varies between 1:200 to 1:500 depending upon your selected trading account. Altogether, OctaFX deserves a reputed position across the trading world.
OctaFX Online Trading Platform – FAQs
Here are some FAQs related to the OctaFX MT5:
What is the OctaFX trading platform called?
OctaFX trading platform is an online trading broker where traders worldwide register with the broker to start trading.
You can find the OctaFX trading platform on Google simply by typing OctaFX in the search bar.
Does OctaFX provide web trading?
Yes, OctaFX is a web-based online trading platform. Hence, you can trade your favorite assets using your laptop or desktop.
The platform features some fantastic things, the value of which explodes through traders’ excitement.
Is the OctaFX trading platform free to use?
You can use the OctaFX trading platform for free; the platform charges zero commission. Also, the account opening process is entirely free.
But the word “free” sounds illogical on a trading platform because sooner or later, you will have to fund your account to start trading.
How to download OctaFX Trading Terminal?
OctaFX offers two trading terminals MetaTrader 4 and MetaTrader 5, that can be downloaded from the official OctaFX web portal.
Visit OctaFX’s official website, choose the trading terminal and click on the “download” button. Read the agreement and thereby choose the trading path.
Launch the terminal on your PC, enter the log-in details and start trading.
What features does OctaFX online trading platform have?
Although OctaFX online trading platform has multiple features, there are still some powerful features we must talk about.
Such as copy trading, multiple trading platforms, access to accounts through multiple languages, etc.
Can I trade in shares via the OctaFX trading platform?
Yes, traders can trade in shares via the OctaFX trading platform. Simply log in to your account, and go to the search box and type the asset name you wish to trade.
CFDs on stocks are tradable at the OctaFX trading platform that users can get access to using MT4 and MT5 trading terminals.
Is OctaFX Trading Terminal good?
OctaFX offers MT4 and MT5 trading terminals that users can download from the OctaFX web portal.
But as compared to MT5, MT4 trading terminals work best, although both terminals work great and online minor differences make MT4 best over MT5.
Can OctaFX Web Trading Platform be used without EKYC?
No, OctaFX doesn’t provide access to its trading account to the users who don’t comply with KYC norms. Users are requested to submit IDs, bank details, and home addresses for safety reasons.
In a nutshell, without EKYC, you can never use the OctaFX web trading platform except for a demo account that can be accessed with an email id only.
Does the OctaFX MetaTrader 5 provide tips?
OctaFX, as a part of its education services, shares trading tips, advice, and strategies with its users.
So that a trader could learn first and the result of which reflects in the portfolio that draws higher returns. Users can access this education service through a simple sign-up process.
How to buy currencies via the OctaFX web trading platform?
Traders can buy currencies via the OctaFX web trading platform.
Traders can find currency pairs in both MT 4 and MT 5 trading terminals. Only leverage ratio may vary.
Get Free Access to Platform – Open a Forex Account Now!
Most Read Articles