Octafx bonus no deposit

Bonuses explained in examples:
ex.1: you make a 1000 USD deposit and get a 500 USD bonus. Your account balance will be 1000 USD, equity 1000+500=1500 USD, total bonus 500 USD. To be able to withdraw this bonus you will need to trade 500/2=250 standard lots, without time limit. Later you make another 800 USD deposit to your account and get a 400 USD bonus. Your balance will be 1800 (1000 + 800) USD, equity will be 2700 (1000+500+800+400) USD, total bonus will be 900 (500+400) USD. To be able to withdraw the second bonus you will need to trade another 400/2 standard lots. If you cancel the bonus, mind that it will be deducted from your free margin at full.

50% bonus on each deposit

1. Open an account

2. Make a deposit in your account

3. Increase your deposit by half with our bonus

4. Withdraw bonus funds

your deposit amount	$400
50% bonus we provide	$200
divide your bonus by half	$200/2
number of lots to trade	100 lots

Trade more and get more profit with our bonus

Without bonus

Get more profit using 50% bonus 50% bonus

Manage your bonuses wisely

Know when to apply the bonus: you can activate it for your deposit at any time.

Decide upon the bonus amount you want to apply.

If you cancel the bonus, mind that it will be deducted from your free margin at full.

When your bonus progress hits 100% you can use this money for other accounts and go on investing.

What you can do with a deposit bonus

Every day

Apply for a 50% bonus.

Set a maximum leverage.

Open positions of up to 750 times greater than your initial investment.

On special occasions

Make a deposit and track our offers.

Seize the best trading conditions during our events.

Multiply your profit potential 2,000 times.

Huge forex bonuses

50% bonus on each deposit, octafx bonus no deposit.

Promotion rules

Deposit bonus can only be claimed by a verified customer.

The bonus amount available is 10% to 50% for each deposit amount. You can also claim 100% bonus during certain special offer periods.

Bonuses are available in multiples of 10%, so you can claim 10%, 30%, 50% or 100% on a deposit, but not 11%, 25%, or 47%, for example.

The bonus cannot be added to internal transfer deposits and to deposits from contests/promotions, etc. Unless stated otherwise.

Deposit bonus shall not be credited in case account free margin is less than your bonus amount.

Ctrader deposit bonus can only be claimed by a verified customer.

The client can claim a deposit bonus on each deposit he makes. The bonus amount available is 10% to 50% for each deposit amount. You can also claim 100% bonus during certain special offer periods.

Bonuses are available in multiples of 10%, so you can claim 10%, 30%, 50% or 100% on a deposit, but not 11%, 25%, or 47%, for example.

"total bonus" denotes the total amount of bonus in a client’s account. Total bonus comprises all the bonuses claimed by the client for the trading account. Total bonus is affected when a part of the total bonus is withdrawn or cancelled or when additional bonuses are credited to the client’s account.

"active bonus" denotes the amount of bonus which can be used to open positions by adding it to the account’s equity. The amount of active bonus cannot exceed 100% of the account’s unrealized profit & loss + balance, therefore this value will fluctuate according to live conditions.

Ctrader deposit bonus can’t be used instead of, separately or before the account’s balance. If the account’s balance is zero, so will be the amount of active bonus.

It is required to trade (bonus amount)/2 (bonus amount divided by two) standard lots to be able to withdraw a bonus.

The deposit bonus cannot be added to internal transfer deposits and to deposits from contests/promotions, etc., unless stated otherwise.

The deposit bonus shall be added to the total bonus in your account and remain there until the volume requirements are met or the bonus is canceled. After the required volume is traded the bonus will be withdrawn from the total bonus in your account and an equal amount of money will be added to your account’s balance.

The bonus for each deposit is considered a separate bonus and will have its own volume requirements.

Volume calculation starts from the first bonus and continues consecutively. This means that you can't withdraw later bonuses before you trade the required volume for the first bonus, and so on. The volume calculation starts from the moment the bonus is credited to the client’s account. The required volume for each deposit is calculated separately.

The bonus can be withdrawn ONLY if by the moment of lots calculation, the bonus is still present in the account. If a client had traded the required volume, but the bonus has already been canceled, it would not be added or compensated.

If the trader's own funds are withdrawn after the bonus has been credited, the bonus will be canceled.

A client can cancel deposit bonus at any time. Once deposit bonus is cancelled, it cannot be reinstated.

Octafx may reject client's bonus application(s) at any time without prior notification or providing reasons for such decision.

Octafx may cancel a client's bonus at any time without prior notification.

Any situation not described in these rules shall be subject to the company's decision.

Octafx reserves the right to change, update or cancel this promotion with notification in the company news.

In this example after you trade first 250 standard lots and complete the volume requirements for the first deposit bonus in your account, the bonus amount (500 USD) will be withdrawn from the total bonus, leaving its value at 400 (900 -500) USD. At the same time the equal amount of money (500 USD) will be added to your account’s balance.

Ex.2: you make 200 USD deposit and get 100 USD bonus. The balance in your account will be 200 USD, equity 300 USD, total bonus 100 USD, active bonus 100 USD. Then you close 1 unfortunate trade with a loss of 110 USD. Account balance will be 90 USD, total bonus will still be 100 USD, but active bonus will be also 90 USD now, therefore equity will be 180 USD.

Welcome bonus

This promotion is not currently active.
We’ve gathered our other great promotions, offers, and contests with money and product prizes for you below.

Active offers, promotions, and contests

8 USD for free in your octafx account

How the bonus works

One welcome bonus for everyone:

Anyone can apply for our welcome bonus, but only once. Our smart sign-up system only allows users to open one welcome bonus account.

50% more to your welcome bonus account:

We offer a 50% bonus on each deposit, allowing our clients to open positions of a higher volume. You can add 50% to your welcome bonus and withdraw all these bonus funds. Note that the 50% bonus has its own terms of withdrawal.

Unlimited bonus trading period:

You are free to trade with your welcome bonus account for as long as you like. After trading two lots and making the bonus withdrawable, you can also keep your profit and bonus funds in the account for as long as you like, or withdraw them right away.

Bonus withdrawal:

After trading two lots, you can withdraw the welcome bonus funds and all profit you make above this sum from your trading account, using via the wide variety of options we offer.

Account verification:

To have the bonus credited to your trading account, you need to submit documents for verification. This is a regulatory requirement for providing security for the client funds.

Available for all accounts:

We have three types of account, to meet the needs of all traders. You can request your welcome bonus be credited to an account opened under the trading platform that suits you best.

Get your bonus

Promotion rules

Agent commission is not applied to any activity around welcome accounts.

The welcome bonus is credited to a special separate account (hereinafter—‘welcome account’) and cannot be moved to any other account.

Clients cannot deposit money into the welcome account.

To withdraw funds from the welcome account, the client should complete trades with an aggregate volume of at least two standard lots.

Reverse trading is forbidden and will be subject for blocking the associated welcome accounts permanently. All funds will be withheld from such welcome accounts. Reverse trading means opening the same position in reverse destinations on different welcome accounts. (for instance: opening 0.05 lot buy position on EURUSD under one account and opening 0.05 lot sell position on EURUSD under another account simultaneously.)

Maximum leverage for welcome accounts is 1:500.

Minimum and maximum volume for the welcome account is 0.01 lot.

The maximum number of simultaneously open positions is three.

Opening multiple bonus accounts (including those registered by the client’s relatives, etc.) is forbidden. If the company reasonably suspects that several accounts are managed by the same person or by persons who coordinate their actions, such accounts shall be permanently blocked. All amounts will be withheld from such welcome accounts.

The welcome bonus may be cancelled by the company at any time. In this case, 8 USD will be withheld from your account.

Bonuses cannot be canceled by the client.

Any IP match between two accounts regardless of trading style, name, email, country, etc., shall be considered as multiple account abuse. These welcome accounts will be permanently blocked, and all withdrawals will be declined.

The client can have only one welcome account

The company is entitled to decline the client’s application for the bonus at any time without prior notification or providing any reason.

The company reserves the right to alter, update, or cancel this promotion at any time. The company will notify the clients about any alterations made by posting such notifications on the company news page.

Individuals from certain countries may be restricted from receiving bonuses.

Agent commission is not applied to any activity around welcome accounts.

The welcome bonus is credited to a special separate account (hereinafter—‘welcome account’) and cannot be moved to any other account.

Clients cannot deposit money into the welcome account.

To withdraw funds from the welcome account, the client should complete trades with an aggregate volume of at least two standard lots.

Maximum leverage for welcome accounts is 1:500.

Minimum and maximum volume for the welcome account is 0.01 lot.

The maximum number of simultaneously open positions is three.

The welcome bonus may be cancelled by the company at any time. In this case, 8 USD will be withheld from your account.

Bonuses cannot be canceled by the client.

The client can have only one welcome account

The company is entitled to decline the client’s application for the bonus at any time without prior notification or providing any reason.

Individuals from certain countries may be restricted from receiving bonuses.

Octafx minimum deposit guide (2021)

Trading with octafx, your first port of call should certainly be our octafx broker review. Once you have taken a look at this, you should have a broad knowledge of the broker offering and features.

With that knowledge, you are likely ready to begin trading and find out more information on precise areas of the broker, the octafx minimum deposit for example.

Here we will outline exactly that and how it may change based on the octafx account type and funding method you choose.

This information will all help you make the best trading decisions possible on your future broker.

74-89% of retail CFD accounts lose money

Octafx account base currency

The account base currency is the currency that you can select to trade with. When it comes to octafx, this base currency can differ depending on the region you are trading from. Within europe, the only base currency made available is euro, while within other areas known as the global market, both euro and US dollar are catered for.

Octafx funding methods

The funding methods available through octafx will again depend on where you are based. As a very attractive positive point though, these methods do not feature any kind of octafx commission either on deposits or withdrawals. Let’s take a closer look at exactly what funding methods you will have to choose from as a trader.

octafx website deposits segregated accounts

Wire transfer

Octafx wire transfers are available to traders within europe only at this time. This is one of several common deposit methods that the broker offers.

When it comes to processing time, this type of octafx deposit typically takes between 3-7 working days to process. It could be faster but this is the guideline they provide to ensure your funds are available.

As mentioned above, there are no octafx commissions applied, although you should double-check with your own bank as they may have a policy to charge fees on wire transfers from their end.

The minimum octafx deposit for a wire transfer is 50 EUR/USD.

Credit card

Naturally, credit and debit card deposits are hugely popular among octafx traders and those of any top forex broker where they are facilitated. Both visa and mastercard are catered for and the deposits made through this method are typically available for you to trade with right away.

As is the case with every octafx deposit method, no commission is applied from the broker side here and again the minimum octafx deposit associated with this funding type is 50 EUR/USD.

Bitcoins

Bitcoin is growing in popularity as a funding method throughout the industry and is also offered by octafx. Octafx bitcoin deposits again attract no commission or fees from the broker at all, though there will likely be a small fee from the bitcoin network to mine your deposit on the way through. This amount should be negligible though.

The minimum deposit with octafx here is 0.00045 BTC.

Neteller and skrill

Both of these popular funding methods are available through octafx. These deposit options are only available for those trading within the global market regulation and again there are no commissions or fees to worry about from the octafx broker side.

The processing time is typically instant so your funds should be available right away, and the minimum deposit using this method is $50.

74-89% of retail CFD accounts lose money

Octafx minimum deposits

Having taken a look at the minimum deposit applied to each funding method, let’s now look at how this impacts the octafx account types you can choose from.

In fact, there is no minimum deposit in place on account types, as many other forex trading no minimum deposit brokers. It is therefore referred to the funding method you use to decide the minimum deposit you have to meet.

Micro MT4 account

The octafx micro MT4 account is ideal for newer traders as it allows trading in micro-lots at low-risk levels.

This account type is not currently available to those trading from within europe, just global market traders only, and since there is no octafx minimum deposit, the broker just recommends a deposit of $100 to best use their services.

As with the other account types available, it can be turned into an islamic account where needed.

MT5 account

The octafx MT5 account type is available worldwide and with again no minimum octafx deposit in place, only a recommendation is made by the broker. This is a 100 euro deposit if you are trading within europe, and a $500 deposit if you are trading in other market areas.

As mentioned above, an islamic account is also available for this account type on request.

Ctrader account

Again the octafx ctrader account for those who prefer the ctrader platform and the ECN execution it offers is available to all traders around the world.

A 100 euro recommended deposit is in place for traders based in europe, while a $100 recommendation applies to those trading under the world market regulations.

Related guides:

Deposit bonus

Octafx deposit bonuses are unfortunately unavailable to traders who are based in the EU and trading within this regulatory area. The reasoning behind this is likely to do with the stringent ESMA regulations in place and a desire from all the best forex brokers to remain completely transparent and compliant.

50% deposit bonus

In other market areas, an octafx deposit may be available. The conditions behind this octafx bonus are as follows:

The trader must make an octafx minimum deposit of at least 50EUR or 50USD. If they do this, they will be credited with a bonus equal to 50% of the deposited amount.

This bonus is subject to certain conditions and cannot be withdrawn right away. In order to satisfy these conditions, you will have to trade a certain number of lots. The more you deposit, the larger your bonus amount will be, although this will also correspond to an increased number of trades required to release the bonus.

No deposit bonus

On occasion, octafx may offer a no deposit bonus. This octafx no deposit bonus is typical $8 although it is only available periodically and not at the moment of writing. There is no pre-qualification or need to deposit in order to access this bonus amount.

74-89% of retail CFD accounts lose money

Octafx sign up bonus

A first time octafx sign up bonus is not offered by octafx.

Traders who register a real account with octafx are not offered with either a first time sign up bonus, or a welcome bonus.

Octafx offers a 100% deposit bonus on each deposit which applies to both new and existing traders when a deposit of at least US dollar 50 is made into the trading account.

To make the deposit withdrawable, traders will have to comply to the trading requirements of a certain amount of lots to be traded. This will be determined by the amount that the trader deposits into the trading account.

Brokers often offer these broker bonusses to new traders in an effort to draw in more customers in addition to encouraging trading activities. Offering a deposit or welcome bonus is the best way in which to assure traders that they will receive some money back depending on the initial deposit made.

Various brokers also offer no deposit bonuses to traders in the same effort to draw in more customers and bonuses like this may aid not only the broker in acquiring new clients, but also traders who have strict budgetary restrictions.

Referral bonus

Octafx does not currently offer referral bonuses to new or existing traders who make use of the products and services offered by octafx. The only referral program which is offered, is only available to introducing brokers.

Referral bonuses are offered by brokers to traders in an attempt to draw in new clients and expand their customer base.

Often these types of bonuses have strict criteria that will have to be fulfilled before the trader can benefit from referring a friend or family member.

Some of the criteria includes, but is not limited to:

The referral has to register a real account with the broker using a unique referral link so that the registration can be traced back to the trader.

The referral bonus is only applicable should referrals register a real account as these bonuses are not available when using a demo account.

A certain minimum deposit amount has to be made by the referral.

The referral may be required to execute a certain number of trades on the new account before the trader becomes eligible to receive the referral bonus

Referral bonuses may also have a limited time in which they can be utilized by traders, perhaps in a given month that brokers see a decrease in activity and attempts to counter it by providing such bonuses.

Additional bonuses, promotions and rewards

Octafx does not currently cater for trading bonuses and there are no current initiatives to reward loyal customers.

Trading bonuses serve the purpose of encouraging traders to increase their trading activity in addition to trading higher volumes to gain access to bonuses that offer some cashback.

Pros and cons

PROS	CONS
1. Deposit bonus offered to new and existing traders	1. Welcome bonus, , no deposit bonus , and first time sign up bonus not offered
2. No referral bonus offered
3. No trading bonus for loyal customers

Conclusion

Octafx offers traders who either register a real account, or those who already possess one, the chance of receiving a bonus every time they fund their trading account.

The conditions involved are stricter than when compared to other brokers who offer this type of bonus. Although there are no other bonusses offered, octafx has a competitive offering in addition to catering for both beginner and expert traders.

Octafx

Octafx overview

Octafx is an ECN broker, it was launched in 2011 and registered in st.Vincent and the grenadines. Octafx offers to trade cryptocurrencies via cfds, forex, metals, and indices. Octafx regulated by cysec and offers ctrader suite and metatrader trading platform. The broker octafx has two versions of website one is octafx.Com and another one is octafx.Eu. Octafx.Com is registered in st. Vincent and the grenadines and octafx.Eu is regulated by the cysec (cyprus securities and exchange commission) for european union users. But there is no restriction to use octafx.Com website for european union users, they can take advantage of high leverage.

Octafx is suitable for both professional and beginner traders and offers 3 types of accounts (micro, pro, and ECN).
Regulations and security

Octafx is a regulated broker and operated by octa markets incorporated, governed by the law of saint-vincent and the grenadines.

Broker overview

website	visit website
broker type	ECN/STP forex broker
demo link	open demo account
founded	2011
country	st. Vincent and the grenadines
headquarter	suite 305, griffith corporate centre, beachmont, kingstown, st. Vincent and the grenadines
regulation	regulated by cyprus securities and exchange commission (cysec) licence number: 372/18
int offices	st. Vincent and the grenadines
phone	+17844574224
fax	no
email	support@octafx.Com
website lang	english, chinese, indonesian,malay, spanish, portugees, hindi, urdu, thai, bengali, german
accept us clients	no
account currencies	USD
trading platforms	MT4, MT5, ctrader (mobile, desktop and web)
promotions	50% welcome deposit bonus promotion and CHAMPION MT4 DEMO CONTEST
no deposit bonus	no
welcome bonus	up to 50% welcome deposit bonus promotions
commission	yes
withdraw options	bank wire, debit/credit card, neteller, skrill, fasapay, local payment means in: indonesia, malaysia, bangladesh, pakistan, nigeria, thailand, india
account funding methods	bank wire, debit/credit card, neteller, skrill, fasapay, local payment means in: indonesia, malaysia, bangladesh, pakistan, nigeria, thailand, india
other trading instruments	yes
min deposit	5
max leverage	1:500
mobile trading	yes
web trading	yes
news trading	yes
type of spread	fixed and even negative
minimum spreads	0.2 pips
lowest spread on eur usd	0.2 pips
precision pricing	4 and 5 digits
free demo account	yes
mini accounts	yes
islamic accounts	yes
VIP accounts	yes
ecn account	yes
swap free accounts	yes
segregated accounts	yes
managed account	yes
interest on margin	yes
trading contests	yes
hedging	yes
expert advisors	yes
one click execution	yes
oco orders	yes
gold silver	yes
cfds	yes

Account types

Octafx offers three types of account these are micro, pro, and ECN:

Micro account (metatrader 4): this account is very special for beginners and no commission.

The minimum deposit is $100
28 currency pairs, 2 metals (gold and silver), 4 indices and 3 cryptocurrencies
the maximum leverage is 1:500 for currencies, 1:200 for metals, 1:50 for indices, and 1:2 for cryptocurrencies
pro (metatrader 5): octafx recommends this account for experienced traders.
The minimum deposit is $500
28 currency pairs, 4 metals, 10 indices, 2 energies, and 3 cryptocurrencies
the maximum leverage is 1:500 for currencies, 1:100 for metals and energies, 1:50 for indices
and 1:2 for cryptocurrencies
the minimum volume is 0.01 lot and unlimited maximum volume
one click execution

ECN (ctrader): ECN account with ctrader trading platform is always for progressive traders

The minimum deposit is $100
28 currency pairs, 2 metals (gold and silver)
floating starting at 0, no commission, no swap but weekend fee enable

Trading platforms

Octafx offers metatrader and ctrader trading platforms, both are usable from desktop, laptop, and mobile device.

Metatrader 4 (MT4) – this is easy to understand and has turned into a most favorite for professional and beginner traders. Throughout the years it has been accessible, it has shown itself to be truly best and incredible for traders. In this MT4 trading platform most valuable trading tools are there, for example, risk management, real time market execution, indicators, and charting tools.

Metatrader 5 (MT5) – this is a very advanced and multi-resource trading platform for traders, offers advanced trading analysis, exceptional trading possibilities and automated trading.

Ctrader – this is incredibly customizable with an exciting interface. There is a couple of a bigger number of fancy odds and whistles than MT4.
Commissions and fees

In our octafx expert’s review, we found different commissions and fees are organized there contrastingly as per account. Small (micro), pro and ECN accounts utilize the meta trader (MT4, and MT5) and ECN platforms, separately, and bolster distinctive exchanging approaches, henceforth the variety in charges.

Spreads are largest on the micro account and there are some fewer instruments to trade. Normally, the spread on a EUR/USD exchange maybe 1.1 pips, however in the event that a similar exchange is made through the professional account, this may drop to 0.9 pips.

The pro account is really good for a range of instruments and price structure. The ctrader trading platforms account isn’t far-removed yet is restricted to 28 currency pairs and just 2 metals.

In the micro account floating spreads start from 0.4 pips, but, while it is fixed for beginning it starts at 2 pips. On the ECN account spread start from 0 pips, on the pro account spreads start from 0.2.

Not at all like the other two accounts, doesn’t it highlight a markup in any case? The ECN has only one charged a commission, the account comes with an end of the week charge.
Promotions & bonuses

Octafx always offers different types of amazing promotions & bonuses. But due to european union rules and regulations, the broker cannot offer bonuses on EU. So, octafx.Eu (cysec regulated) don’t offer any bonus. However, octafx.Com always offers different types of amazing promotions. Currently, these promotions and bonuses are going on:
bonuses:

50% withdrawal deposit bonus on each deposit with higher margins

Free forex signals with automated alerts

Supercharged 2 real contest, there are 3 prizes all these are latest powerful luxury cars

Champion demo contest, withdrawable prizes – 1ST $500, 2ND $300 and more

Crader weekly demo contest, withdrawable prizes – 1ST $150, 2ND $100 and more
education and research

Octafx offers a lot of educational trading articles, videos, analysis, tutorials and very good information about metatrader or ctrader trading platforms.

Octafx offers an amazing range of tools, you will find on octafx.Com website these are:

Economic calendar and national holidays
profit calculator
live quotes monitoring
market news update and insights
profit calculator
interest rates, stop loss and take profit and more

Deposit and withdrawal method

Octafx deposit and withdrawal method is good, depositing and withdrawing is commission-free also offer 50% bonus on deposit via skrill, neteller and bitcoin. The minimum deposit is 50 for both skrill and neteller and 0.00045 BTC and 5 USD is minimum withdraw.

Octafx awards

Octafx is multi-award winning broker has won a number of awards:

BEST ECN/STP BROKER 2019
BEST FOREX BROKER ASIA 2019
BEST FOREX BROKER ASIA 2018
BEST COPY TRADING PLATFORM 2018
MOST TRANSPARENT BROKER 2017
BEST FOREX BROKER EUROPE 2016
BEST FOREX BROKER IN EUROPE 2015
BEST INTERNATIONAL BROKER 2015
MOST RELIABLE BROKER 2014 AND more

Customer support

Octafx supports clients 24 * 5 through website live chat, phone, email and whatsapp from across multiple languages. Octafx also offers good support on various social site including facebook, twitter, and instagram.
Features

Monday to friday 24 hours site
website live chat support and a contact form
phone support: UK +44 20 3322 1059, hong kong +852 5808 8865, indonesia +62 21 3110 6972
whatsapp: +34 651 769 010 (texts only)

Office: suite 305, griffith corporate centre, beachmont, kingstown, st. Vincent, and the grenadines

Octafx offers different manuals to help customers in utilizing the main two platforms are metatrader and ctrader.

Octafx review and tutorial 2021

Octafx offers multi-asset trading on a range of platforms and mobile solutions.

Octafx offers leveraged trading on currencies.

Trade popular digital currencies at octafx.

Octafx is a forex, CFD and copy trading broker offering the MT4, MT5 and ctrader platforms. In this broker review, we’ll login to the personal area and uncover the key features, including leverage, demo accounts, regulation and more. Read on to find out if octafx is a good forex broker or not.

Octafx details

Octafx was established in 2011. The company’s headquarters are located in saint vincent and the grenadines, with an additional support office in jakarta, indonesia. The broker’s EU entity, octa markets cyprus ltd, is located in limassol, cyprus, and is regulated by the cysec.

With over 1.5 million trading accounts and a long list of forex industry awards, the founder and owner has ensured the company has amassed a global reach.

Trading platforms

Metatrader 4

The MT4 platform is a trusted software used by both individual traders and institutions, due to its ease of use and flexibility.

The platform allows you to develop your own expert advisors and technical indicators to suit your trading style. In addition to the 30 in-built technical indicators, advanced charting tools allow you to analyse price fluctuations and trends in the market, using 3 customisable chart and graph types.

Note that MT4 is currently only available for non-EU clients.

Octafx metatrader 4

Metatrader 5

MT5 is the next-generation platform that offers all the benefits of its predecessor but with additional speed, accuracy and more advanced features.

Users enjoy 8 types of pending orders, 44 analytical objects including gann and fibonacci retracement, plus additional technical indicators which are unique to MT5, such as trend oscillators and bill williams’ tools. There’s also an economic calendar as well as two major accounting modes for greater flexibility: hedging and netting.

Both platforms come in several languages, including english, arabic and hindi, and are compatible with windows pcs. Octafx provides a useful download guide on the website.

Octafx metatrader 5

Metatrader webtrader

For those using mac pcs, octafx also offers the web terminal version of MT4 and MT5, meaning traders can access the markets straight from an internet browser.

The web platforms are highly functional and customisable, boasting the same features found in the desktop versions, including charting tools, market indicators, scripts and expert advisors, plus access to diverse order types and execution modes.

Ctrader

The ctrader platform is a robust system designed for forex and CFD trading. The platform includes over 26 in-built chart views and up to 50 chart templates on a fully customisable interface. The platform boasts an impressive suite of 70 technical indicators and 28 chart timeframes, plus advanced level scalping and visual back-testing using cbot. With full market depth, traders can also execute advanced online trading strategies as well as programmable algorithms.

The ctrader platform is ready to download from the website once you have completed the registration process. The ctrader web terminal is also available for macos users.

Octafx ctrader

Markets

Octafx offers some of the most popular products, including:

Forex – 28 currency pairs including EUR/USD and USD/JPY

Indices – 10 CFD indices available such as US30 and NASDAQ

Commodities – including spot gold and silver contracts, plus brent and crude oil

Cryptocurrencies – 3 major digital currencies available; bitcoin, ethereum and litecoin

Trading fees

Typical variable spreads for EUR/USD are around 0.7 pips in both the metatrader and ctrader platforms. Gold spreads (XAUUSD) start from around 2 pips and major indices such as NAS100 are around 3.5 points. Bitcoin spreads (BTCUSD) are around 3.1 pips. Fixed spreads are also available for MT4 USD accounts.

Trading commissions are only charged in the ctrader account, at 0.03 USD per 0.01 lots. There are also rollover rates applied on positions held over 3 days. Details of these fees are listed in the product specifications.

Leverage

Octafx offers generous leverage limits up to 1:500 for currencies in the MT4 and ctrader accounts. Leverage in the MT5 account is available up to 1:200 on currencies. Metals can be leveraged up to 1:200, indices and energies up to 1:50, and cryptocurrencies up to 1:2.

Note that EU clients can only trade with leverage up to 1:30.

Mobile apps

Octafx delivers mobile app versions of the MT4, MT5 and ctrader platforms, available for iphone and android devices. The apps offer many of the essential features found in the desktop applications, including a complete set of orders in metatrader and full balance, margin and P&L information in ctrader. All trading apps come with a customisable mobile interface with clean and accurate trading functions, as well as custom mobile price alerts.

Octafx MT4 mobile app

Octafx (non-EU) also offers a downloadable proprietary copy trading mobile app, currently available only on android (APK) devices. The app allows you to manage and keep track of trading accounts whilst on the go. Users can also activate bonuses, access trader tools and deposit into their accounts. The app download process is quick and can be accessed from the google play store.

Octafx mobile app

Payment methods

Octafx offers a few fast funding methods which vary depending on your origin country, including bank cards, perfect money and bitcoin. Local bank transfers are also available for traders from certain countries, including thailand, india and nigeria.

The minimum withdrawal and deposit amounts are 5 USD for perfect money, 0.00096000 for bitcoin and 50 EUR for cards. All deposits methods are generally processed instantly or within a few minutes.

There are no commissions charged on deposits, withdrawals or currency exchange rates, except for 0.5% on perfect money deposits. The withdrawal time for all methods is 1 to 3 hours to approve and up to 30 minutes to transfer the funds. There is no withdrawal limit on earnings.

Demo account review

Octafx traders can open a demo account which provides the same trading experience as a live account but without risking any real investment. Each demo account is loaded with unlimited demo dollars and opportunities to participate in the broker’s demo contest to be one of the next champions. You can sign up for a free demo account in just a few minutes.

Octafx (non-EU) offers several deposit bonus deals, including a 50% bonus and a 100% bonus during special offer periods. In addition, there’s the trade & win promotion where traders can win gifts such as octafx t-shirts or gadgets. There are also contest opportunities, including the octafx 16 cars contest where traders are entered into a car prize draw every 3 months, as well as the champion demo contest 2020 for MT4 users.

Make sure to check all bonus terms and conditions before participating.

Regulation review

Octa markets cyprus ltd is authorised and regulated by the cyprus securities and exchange commission (cysec), under license number 372/18. EU member state residents are therefore protected by strict regulatory standards, including segregated client accounts and protection by the investor compensation fund.

The non-EU entity also claims to provide segregated client accounts to protect trader funds, as well as negative balance protection which ensures that trader account balances never fall below zero.

Additional features

Traders benefit from a range of additional education features and trading tools at octafx, including video tutorials and webinars, plus regular forex market insights and news. The brokerage also offers profit and margin calculators, as well as a forex signal service with the autochartist plugin and live quotes.

Octafx also offers a copy trading service, which is available on the desktop terminal and through the android mobile app. The copy trading services allows clients to automatically copy leading traders based on the equity and leverage of both the master trader and the copier’s accounts.

Octafx economic calendar

Account types

There are 3 account types available at octafx, which are determined by the trading platform you are using: micro (MT4), pro (MT5) and ECN (ctrader). Accounts are available in USD or EUR. The minimum trade volume across all accounts is 0.01 lots and there is no maximum.

The main differences between the accounts is the assets available to trade, the spreads and the minimum deposit amounts. The micro and ECN minimum deposit is 100 USD. The minimum deposit in the pro account is 500 USD. Commissions are also charged in the ECN account.

Account opening is easy and requires the submission of ID documents in line with KYC requirements. In most cases, if your documents are submitted clearly, verification should only take up to 3 hours.

There is also an islamic swap-free account for those worried about whether trading is haram or halal. Note clients from the united states are not accepted at octafx or octa markets cyprus ltd.

Benefits

Traders enjoy several benefits when trading with octafx vs the likes of FBS, IQ option and exness:

Metatrader and ctrader platforms

Bonuses and contests (non-EU)

Commission-free trading

EU regulation

Drawbacks

Compared to other brokers such as hotforex, XTB and olymptrade, octafx does fall short in some areas:

Not FCA regulated

Limited funding methods

Zero pip spreads unavailable

No copy trading on ios devices

Trading hours

Trading times in the MT4 and MT5 platforms are 24/5, from 00:00 on monday to 23:59 on friday server time (EET/EST). The ctrader server time zone is UTC +0, though you can set other time zones, such as GMT, for charts and trading information.

Customer support

For telephone support, non-EU clients can contact the helpline, +44 20 3322 1059, between 00:00 and 24:00, monday to friday (EET). For EU clients, the number to call is +357 25 251 973 between 09:00 and 18:00, monday to friday (EET).

There is also an email form, however, the fastest way to get in touch is via the 24/7 live chat service, which you can access by clicking on the chat logo at the bottom of the website. The support team are helpful if you need to know your withdrawal pin, any platform problems, VPS questions, or you want to delete an account.

In addition, you can find updates on the broker’s social media pages, as well as the octafx youtube channel.

The broker’s head office addresses are:

Octafx, suite 305, griffith corporate centre, beachmont, kingstown, st vincent and the grenadines

Octa markets cyprus ltd, 1 agias zonis and thessalonikis corner, nicolau pentadromos center, block: B’, office: 201, 3026, limassol, cyprus

The broker’s website is available in a number of languages for clients from indonesia, malaysia, pakistan and india.

Security

Octafx uses 128-bit SSL encryption and PIN codes in the personal area and trading platforms, which is the industry-standard security requirement for protecting personal data. The broker also applies 3D secure visa authorisation when processing credit and debit card transactions.

Octafx verdict

Octafx offers a promising trading service for novices and experienced traders, with a choice of metatrader or ctrader platforms as well as the copytrading app. The broker offers fee-free deposits and withdrawals, plus islamic accounts and a demo solution. The ECN spreads are also decent, though not as competitive as the zero spread accounts offered at other brokers like XM, for example.

Accepted countries

Octafx accepts traders from australia, thailand, canada, united kingdom, south africa, singapore, hong kong, india, france, germany, norway, sweden, italy, denmark, united arab emirates, saudi arabia, kuwait, luxembourg, qatar and most other countries.

Traders can not use octafx from united states.

Is octafx a legit company and regulated broker?

Octafx is a legit company registered in saint vincent and the grenadines. The EU entity is registered in limassol, cyprus and regulated by cysec. If you’re unsure whether a broker is a scam or legit company, you can always check out customer reviews online.

Is octafx a market maker?

No, octafx is a no dealing desk (NDD) broker and therefore acts as an intermediary between the trader and the real market. Octafx receives commissions from its liquidity providers for each transaction.

How do I delete my octafx account?

To delete your account, you will need to get in touch with the customer support team. Note accounts are automatically deactivated if you never deposit or sign in to them.

How do I open a copytrading account at octafx?

You can sign up and login to the copytrading account in a few easy steps. Once you login to your personal area, you can set up your copytrading profile and make a deposit to your wallet. You can also sign in to your new account using the android app.

Why was my octafx withdrawal rejected?

If you encounter a withdrawal problem, you will receive a notification in your email explaining the issue. Alternatively, if you need to cancel a withdrawal, you can do this within your personal area.

Does octafx offer any free bonus deals?

At the time of writing, octafx is not offering any free bonus deals, no deposit bonus deals or promo codes. There are other promotions available for non-EU clients. Make sure to check the bonus conditions before participating.

Is octafx legal in india and pakistan?

Yes, you can legally open an octafx account from 100 countries, including india, pakistan, singapore, ghana and the UAE.

Octafx deposit bonus review

Bonus size

Eligibility

Expires

Max. Bonus

Octafx is a broker that allows customers to trade in 28 currency pairs, 10 indices, select cryptocurrencies, commodities such as gold and brent crude oil and more. The company has gathered over a million user accounts and has executed more than 250 million trades. Octafx operates multinational and currently, reaches customers in 100 countries. Interestingly, the company provides on its website a number depicting the total amount of money paid out as bonuses that are updated live. At the moment of writing, the number stands at $2,436,492. This was achieved through an octafx bonus scheme that allows customers to receive up to 50% for free on each deposit. Below we provide the octafx bonus review as well as the details on how to obtain it.

How to claim the bonus?

Octafx 50% bonus can be obtained by the users of all three platforms: MT4, MT5 and ctrader. The first step to getting the octafx deposit bonus is opening an account and making a deposit of over $50. Then, the user has a choice to receive up to 50% as a bonus in order to increase the potential profits of his/her trading operations. There are minor differences in terms of how the bonuses work for the MT4 and MT5 platforms and how they work for the users of the ctrader.

For MT4 and MT5 platforms, the verified user can claim 10%, 30% or 50% on each deposit. The bonus is credited to the user’s account and remains locked until the specified volume requirements are met. After the customer meets those requirements the bonus is deducted from MT4/MT5 credit and is deposited in the balance. The volume requirement is simple, the customer simply has to trade the standard lots equalling the bonus amount divided by two in order to be able to withdraw the bonus. “volume calculation starts from the first bonus and continues consecutively. This means that you can’t withdraw later bonuses before you trade the required volume for the first bonus, and so on. The volume calculation starts from the moment the bonus is requested. The volume of each deposit is calculated separately,” – states the company. There are other details about bonuses that should be considered as well. For example, the bonuses can be cancelled by the client at any time and the withdrawal of client’s own funds after claiming the bonus will also lead to a cancellation of the bonus. These and other details are listed on the company’s website for the user’s convenience.

Octafx bonus on deposit is also available for the ctrader accounts. In this case, the size of the bonus, as well as the volume requirements, is similar. There is also a distinction between an “active bonus” and a “total bonus”. “active bonus” is the amount of bonus the customer can use to open positions. This number can’t be more than the account’s unrealized profit & loss + balance. On the other hand, ‘”total bonus” denotes the total amount of bonus in a client’s account. Total bonus comprises all the bonuses claimed by the client for the trading account,” – clarifies the website.

Octafx

Octafx overview

Octafx is suitable for both professional and beginner traders and offers 3 types of accounts (micro, pro, and ECN).
Regulations and security

Octafx is a regulated broker and operated by octa markets incorporated, governed by the law of saint-vincent and the grenadines.

Broker overview

website	visit website
broker type	ECN/STP forex broker
demo link	open demo account
founded	2011
country	st. Vincent and the grenadines
headquarter	suite 305, griffith corporate centre, beachmont, kingstown, st. Vincent and the grenadines
regulation	regulated by cyprus securities and exchange commission (cysec) licence number: 372/18
int offices	st. Vincent and the grenadines
phone	+17844574224
fax	no
email	support@octafx.Com
website lang	english, chinese, indonesian,malay, spanish, portugees, hindi, urdu, thai, bengali, german
accept us clients	no
account currencies	USD
trading platforms	MT4, MT5, ctrader (mobile, desktop and web)
promotions	50% welcome deposit bonus promotion and CHAMPION MT4 DEMO CONTEST
no deposit bonus	no
welcome bonus	up to 50% welcome deposit bonus promotions
commission	yes
withdraw options	bank wire, debit/credit card, neteller, skrill, fasapay, local payment means in: indonesia, malaysia, bangladesh, pakistan, nigeria, thailand, india
account funding methods	bank wire, debit/credit card, neteller, skrill, fasapay, local payment means in: indonesia, malaysia, bangladesh, pakistan, nigeria, thailand, india
other trading instruments	yes
min deposit	5
max leverage	1:500
mobile trading	yes
web trading	yes
news trading	yes
type of spread	fixed and even negative
minimum spreads	0.2 pips
lowest spread on eur usd	0.2 pips
precision pricing	4 and 5 digits
free demo account	yes
mini accounts	yes
islamic accounts	yes
VIP accounts	yes
ecn account	yes
swap free accounts	yes
segregated accounts	yes
managed account	yes
interest on margin	yes
trading contests	yes
hedging	yes
expert advisors	yes
one click execution	yes
oco orders	yes
gold silver	yes
cfds	yes

Account types

Octafx offers three types of account these are micro, pro, and ECN:

Micro account (metatrader 4): this account is very special for beginners and no commission.

ECN (ctrader): ECN account with ctrader trading platform is always for progressive traders

The minimum deposit is $100
28 currency pairs, 2 metals (gold and silver)
floating starting at 0, no commission, no swap but weekend fee enable

Trading platforms

Octafx offers metatrader and ctrader trading platforms, both are usable from desktop, laptop, and mobile device.

Metatrader 5 (MT5) – this is a very advanced and multi-resource trading platform for traders, offers advanced trading analysis, exceptional trading possibilities and automated trading.

Ctrader – this is incredibly customizable with an exciting interface. There is a couple of a bigger number of fancy odds and whistles than MT4.
Commissions and fees

The pro account is really good for a range of instruments and price structure. The ctrader trading platforms account isn’t far-removed yet is restricted to 28 currency pairs and just 2 metals.

Not at all like the other two accounts, doesn’t it highlight a markup in any case? The ECN has only one charged a commission, the account comes with an end of the week charge.
Promotions & bonuses

50% withdrawal deposit bonus on each deposit with higher margins

Free forex signals with automated alerts

Supercharged 2 real contest, there are 3 prizes all these are latest powerful luxury cars

Champion demo contest, withdrawable prizes – 1ST $500, 2ND $300 and more

Crader weekly demo contest, withdrawable prizes – 1ST $150, 2ND $100 and more
education and research

Octafx offers a lot of educational trading articles, videos, analysis, tutorials and very good information about metatrader or ctrader trading platforms.

Octafx offers an amazing range of tools, you will find on octafx.Com website these are:

Economic calendar and national holidays
profit calculator
live quotes monitoring
market news update and insights
profit calculator
interest rates, stop loss and take profit and more

Deposit and withdrawal method

Octafx awards

Octafx is multi-award winning broker has won a number of awards:

Customer support

Office: suite 305, griffith corporate centre, beachmont, kingstown, st. Vincent, and the grenadines

Octafx offers different manuals to help customers in utilizing the main two platforms are metatrader and ctrader.

Top 6 best forex brokers with no deposit bonus for 2021

Top rated:

What better way to start trading than with a no deposit bonus forex broker? This should give you the perfect start to trading with some risk-free funds. To help you achieve that goal, we have put together a collection of the best regulated forex brokers in the market who offer a no deposit bonus to traders.

Beyond looking at more details of these top brokers, we will also provide more information on no deposit bonus availability, and how you can use these bonuses to your advantage when trading.

What is a no deposit bonus?

Very simply, a no deposit bonus is an amount of money which is given to you as a trader just for completing the broker registration process. This means that you do not have to deposit any of your own real funds to gain access to this no deposit bonus.

No deposit bonus: are they available in the EU?

Unfortunately, the answer to this question is no. The no deposit bonus offers are not available in the EU. This is due to the fact that the european market regulator, ESMA, has banned certain types of forex broker bonus offers under the mifid II regulations.

The result is that forex brokers’ no deposit bonus offers, and any kind of registration bonus offers are not allowed for traders who are in the EU.

Please note that the following bonuses are available only to people based outside the EU. Moreover, we do strongly suggest to not judge the broker based solely on the no deposit bonus, but on the suitability to your trading goals and preferences.

Top 6 best brokers with no deposit bonus

Here is a closer look at the top brokers we have selected who do offer a no deposit bonus.

So, let's see, what we have: get octafx bonus 50 % on each deposit. Open trades with bigger volumes and earn 50% more. Bonus funds available for withdrawal! At octafx bonus no deposit