Octafz

Octafx is an online forex brokerage, offering three trading platforms and access to scores of tradable assets.

Huge forex bonuses

FX daily info named the brokerage “the best ECN/STP broker of 2019.” brokers using an electronic communication network and straight-through processing do indeed have a fair business model. They do not act as market makers or parties involved in trading against their clients.
In light of these facts, yes, octafx is indeed a legitimate online brokerage.
On the other hand, octafx used to offer binary options, a trading instrument now out of favor, that was not exactly the best herald of legitimacy. Again, the broker no longer features such a trading product.
In 2015/16, octafx was one of the sponsors of the UK football club southampton FC. Although a relatively new broker on the scene, octafx has received several industry awards and overall good reviews from its clients, making it seem like a decent choice for a forex broker. This favorable perspective is further strengthened by their decision to offer an ECN/STP broker service, making their dealing spreads and order execution top notch.

Octafx review

Octafx is a quite recently formed straight through processing (STP) ECN forex broker. Octafx offers both the metatrader and ctrader platforms, all major currency pairs and commodities, leverage 1:500, and a minimum deposit of $5. Octafx has been operating since 2011 out of its main center in jakarta, indonesia. The company is also registered in saint vincent and the grenadines with license number 19776 IBC 2011 issued by the caribbean’s financial services authority or FSA. Octafx is regulated by cysec with the license number 372/18.

Octafx focuses primarily on the asian retail market and has won several notable industry awards, primarily for its service to that sector. In addition to asia, the company has customers in more than 100 countries worldwide, but it does not presently accept U.S. Based clients.

Its official website is located at www.Octafx.Com and a screenshot of its welcome page appears below:

Octafx features

Octafx offers a professional quality execution service in all of the major currency pairs, plus precious metals like gold and silver. Furthermore, octafx’s decision to act as a STP ECN broker has allowed it to offer customers very tight dealing spreads, quick execution times, no slippage on orders and no re-quotes. Those key features — plus the numerous interesting promotions and contests the broker offers — makes theirs a notably attractive package for most retail traders, especially those that wish to trade more actively.

Furthermore, the broker’s very modern dealing network offers state of the art connectivity to the markets. This helps give its clients greater assurance about stability, execution, reliability and excellent liquidity from international banks. In addition, the broker conscientiously segregates its operating capital from client deposits, thereby complying with regulatory requirements and giving customers great financial security. With respect to data security, the broker uses 128-bit SSL protection when encrypting trading and personal information.

The company also offers demo accounts, as well as three different live account types that include micro and ECN for metatrader 4 and ECN for ctrader. All account types can trade silver and gold, but the number of currency pairs allowed for each live account type differs, with 12 currency pairs allowed for the micro MT4 accounts, 28 pairs for the ECN MT4 accounts and 48 pairs for the ECN ctrader accounts. In addition, swap free accounts are allowed for both of the metatrader 4 account types, while ctrader accounts are swap free unless a trader leaves their position open over a weekend, in which case they are charged a rollover fee.

In terms of the amount of leverage available to traders, octafx offers leverage ratios of up to 500:1, and this ratio applies even to micro lot positions. Last, but certainly not least, those traders who wish to use strategies like scalping, hedging, news trading and expert advisers will not be disappointed in octafx, since all of those are permitted.

The broker also supports a demo account, which beginners can use to assess the platforms and the overall trading at the site.

Platforms & tools

Octafx will greatly please many forex traders since it offers support for the very popular metatrader4 and metatrader 5 online trading platform and its mobile apps. In addition to trade execution and order placement, these platforms offer extensive charting, technical analysis and portfolio management features. They also allow traders to use or write expert advisers that can automate dealing activities.

The screenshot shown below illustrates the basic functions of the octafx installation of metatrader 4, which includes market monitoring, charts and technical analysis, on screen trade execution, trade history and account management features.

The broker also supports the increasingly popular series of desktop and mobile app trading platforms offered by ctrader, which has interesting features that metatrader does not offer.

Asset classes

Octafx supports an impressive range of tradable asset taxonomies. CFD trading is one, followed by cryptocurrencies, commodities, stocks and currency pairs.

As far as cfds go, scores of tradable assets are supported, on MT4 as well as MT5. The maximum available leverage on this asset class is 1:50.

The broker currently supports 3 cryptocurrencies (paired with the USD): BTC, ETH and LTC. Be aware that octafx does not sell any cryptocurrencies to its traders. Only CFD-based trading is possible on this asset class. The maximum leverage available on crypto cfds is 1:2.

Commodity-wise, octafx offers gold and silver as well as crude oil, among a number of other tradable assets. The spreads are quite decent, although in some cases they may shoot up above 3 pips.

A total of 4 indices are available on MT4 and 10 on MT5, in addition to an impressive number of individual stocks. The leverage is 1:50 on this category.

Currency pair trading carries the best trading conditions. The maximum available leverage here is 1:500 in most cases. Some 28 currency pairs are available on all account types. Spreads start from 0.4 pips on major pairs but they can go as low as 0 pips on the ECN account.

Commission & fees

The floating spreads on the micro account start from 0.4 pips, while the fixed ones start at 2 pips. On the pro account, spreads start from 0.2 pips and on the ECN one, from 0 pips.

Unlike the other two account types, the ECN one does charge a commission. It does not feature a markup however. The ECN account comes with a weekend fee.

Research & education

Education-wise, the official site of the broker offers a decent selection of video tutorials, as well as access to some basics on FX trading and strategies.

The tutorials section covers every featured trading platform and it goes into details on most of the available functionalities.

Customer service

Octafx offers 24/5 customer service that includes a live chat feature with a selection of three departments, in addition to support via e-mail and phone. The company also uses social networking sites like facebook, twitter, youtube and instagram to communicate with its clients.

With respect to educational materials, octafx offers various manuals to assist clients in using the two main trading platforms supported by the broker, which are metatrader 4, metatrader 5 and ctrader. These manuals cover such things as: basic trading platform functionality; ways to navigate around the platform’s interface; and tips on making successful trades. The company also offers a glossary and various tutorials for new traders on their website.

Mobile trading

The octafx trading app provides access to most of the tradable assets and it looks great on smaller screens.

It lets traders deposit and withdraw funds, enable swap-free options, modify leverage and edit and restore passwords. In word, it is a standalone trading solution, which lets traders handle every aspect of their octafx trading account on the go.

Conclusion

Although a relatively new broker on the scene, octafx has received several industry awards and overall good reviews from its clients, making it seem like a decent choice for a forex broker. This favorable perspective is further strengthened by their decision to offer an ECN/STP broker service, making their dealing spreads and order execution top notch.

Another positive factor for octafx is its support for the popular metatrader 4 trading platform and its newer competitor ctrader that offers some exciting and innovative features.

On the downside, this broker is very focused on currencies and precious metals, so those traders who also wish to trade stocks, other commodities and indices will probably have to find another outlet for trading those asset classes.

Octafx is an online forex brokerage, offering three trading platforms and access to scores of tradable assets. FX daily info named the brokerage “the best ECN/STP broker of 2019.” brokers using an electronic communication network and straight-through processing do indeed have a fair business model. They do not act as market makers or parties involved in trading against their clients.
In light of these facts, yes, octafx is indeed a legitimate online brokerage.
On the other hand, octafx used to offer binary options, a trading instrument now out of favor, that was not exactly the best herald of legitimacy. Again, the broker no longer features such a trading product.
In 2015/16, octafx was one of the sponsors of the UK football club southampton FC.

Letting the users decide whether a broker is a good one or not is the only reasonable way to answer that question.
Octafx is in an interesting situation on the user feedback front. They have good reviews and bad. Their score at most of the major review portals reflects this fact. This is what one would expect from a broker as old and reputable as octafx.
Most of their user reviews seem genuine, unlike those of some of their peers.

• some like the trading conditions. The spreads are low, execution is quick and ECN trading is inherently fair.
• the availability of a swap-free account option is a major plus.
• the beginner-friendly nature of the broker.
• the quality of octafx support.
There are about as many complaints concerning octafx’s services as there are positive reviews.
• some allege that the broker charges a hefty fee on withdrawals, despite advertising otherwise.
• spread manipulation.
• problems with the trading platforms.
Octafx does have the potential to be a good broker. Not all users will agree with that assessment, however.

The minimum deposit with an octafx micro account is $5. If you intend to trade for profits, however, you should deposit more. The minimum deposit for a pro account is $500.

Yes. Octafx is regulated in several jurisdictions. In estonia, where its european base of operations is located, it is regulated by the local financial authorities. It used to possess a cysec license in the past as well.
In st. Vincent and the grenadines, it is licensed by the SVGFSA. Its license number is 19776.

Octafx currently maintains offices in estonia and st vincent and the grenadines. The exact addresses of these offices are:
• harju maakond, tallinn, lasnamae linnaosa, sepise tn 9// valukoja tn 8-110, estonia.
• suite 305, griffith corporate centre, beachmont, kingstown.

James west

Having started his online career back in 2005, over the years, james has written for scores of websites, covering online poker, esports, forex trading, binary options, and digital ledger technology. Continued

Comments on octafx

Im so annoid. Like some how you know how to trick people. I have been waiting for my withdrawals for 5 days now. This is not what terms say. This is violation.

Worst part I do the follow ups. You just sit there and claim you keep good work ethics . I want my money octa fx

Hi,
have you contacted their support and asked?

Best regards,
fxexplained.

$3000usd fee for withdrawal!

After making 12.5 lots and requesting a withdrawal request, they are charging me 3000USD of commission for deposit and withdrawal where their page is full of ads that are free.

Thank you for your comment.
Have you spoken to their support regarding this?

We asked our team to look into your complaint. If we’re not mistaken, the commission was reimbursed back to you.

If there’s anything we can do for you please, do not hesitate to contact us.

Octafx releases list of top 2020 events that affected the market during COVID

Octafx, a forex broker that provides online trading services worldwide has come up with an exclusive list of top events that affected the market in 2020.

Rising of coronavirus cases

Investors were watching the spread of the then-unknown disease in china closely earlier this year. How a leading east asian country is handling this problem was of crucial importance. It turned out later that the newly titled coronavirus would not only affect china but soon the entire world. The rising numbers of people in the united states and europe being infected with and dying from this horrific virus led investors to panic, which impacted the currency, stock, and commodities markets.

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Azure power releases FY 2020 sustainability report

OPEC and OPEC+ agree on the largest output cut in history

One of the first assets that experienced the impact of the pandemic was crude oil. On 8 january 2020, the price of ‘black gold’ already fell from the level of 70.75 dollars per barrel of brent down to 64.38 dollars per barrel, which is almost 9% in a single day. However, the most severe collapse in the entire history of the oil market occurred transitioning from march to april.

Approval of a stimulus package for the U.S. Economy

After the oil, the stock market followed suit spiralling down soon after. Hence, in the period from 20 february to 23 march this year, one of the most popular stock indices in the world, the SPX500, fell to the level of 2,172 USD. This amounts to an almost 36.5% decrease. As a reminder, SPX500 includes 505 selected public companies traded on american stock exchanges with the largest capitalisation.

Gold reaches all-time highs

The gold market struggled immensely at the beginning of the year. Although, since the second half of march, the precious metal has shown steady growth, starting from the level of 1,450 to 2,080 dollars per ounce by the beginning of august, which amounts to almost 43% in gains.

Second coronavirus wave enters the stage

At the end of august, disturbing reports flooded the headlines with an ongoing epidemic that followed what seemed to be a calm summer. The total daily increase of infected people in september throughout october exceeded the peak in may by two or three times. In november, several european countries, such as the united kingdom, france, germany, italy, and greece, again announced regional lockdowns and began applying strict sanitary measures.

All this significantly affected bitcoin, which has risen from the levels of 9,700-10,500 USD to a historic record high of 19,920 USD since the beginning of september, before going even further in december by reaching 24,000 USD.

Coronavirus vaccine discovery

In august, mass media reported that authorities in russia registered the first coronavirus vaccine. Positive news like this led to a sharp decline in the prices of gold, which previously reached the earlier mentioned unheard-of high of 2,080 dollars per ounce. This would make sense since gold is usually purchased when critical situations occur in the world, such as an uncontrolled pandemic, large-scale war, or political uncertainty.

In merely two days, from 11 august to 12 august, the yellow metal lost almost 8.3% in value, sinking its price to 1,862 dollars per ounce. Subsequently, in november, the three largest companies in pfizer (together with biontech), moderna and astrazeneca announced the successful final phases of testing their coronavirus vaccines.

United states presidential election

The 2020 U.S. Presidential election, held on 3 november, is recognised as the most controversial in history. As usual, two candidates emerged in the final race. Donald trump again represented the U.S. Republican party in hopes for a second term in office. His democratic counterpart, former vice president and U.S. Senator joe biden, was challenging trump’s re-election.

The OPEC / OPEC+ december agreement

The approval of new parameters within the OPEC / OPEC+ deal was a significant reason for optimism in the oil market in early december. According to the previous agreement, which the member countries accepted amidst the price collapses taking place almost a year ago, they expected the quota for their oil production to increase by almost 2 million barrels per day from 1 january 2021.

The brexit trade deal

The E.U. And the U.K. Have pledged to sign a deal on trade and security that will finalise the U.K. Leaving the european union by 31 december 2020. According to a study by the german economic institute IFO, the U.K. Will suffer more financial losses as a result of brexit than the E.U. Currently, both sides are focused on an agreement to develop a mechanism to ensure that neither side can distort trade by undermining european standards. Up to that point, negotiations on the post-brexit trade deal between london and brussels have been stalling for several months.

2020 has become a great challenge for millions of people on the planet. However, from the traders point of view, the crisis gives great opportunities for making money, too.

In hindsight, the value of almost all FOREX trading instruments has fallen significantly over this year. Most currency pairs and commodities have updated their historic lows and are still experiencing high volatility, which, with the right approach, can be exploited to make a profit. From the viewpoint of fundamental and technical analysis, the upcoming 2021 will be the year of recovery for the global economy. In turn, traders will have numerous opportunities to make lots of profitable orders.

Cryptocurrency news at octafx: trading upgrades and new entries (BCH & XRP)

ANI | updated: jan 05, 2021 14:17 IST

New delhi [india], january 5 (ANI/newsvoir): after having bitcoin (BTC), litecoin (LTC) and ethereum (ETH) on offer for some time, the forex broker octafx has decided to include some more. Bitcoin cash (BCH) and ripple (XRP) are the most recent entries.
Right on time, if you consider the current cryptocurrency bull market and bitcoin itself, reaching an all-time high of USD 24,209 on 20 december 2020. Many altcoins have already had decisive price runs, whereas the blockchain community expects other altcoins to have theirs very soon.
After the american cryptocurrency ripple just had an impressive run, octafx deemed it the right time to add this crypto asset to its trading pool. Just to remind anyone who missed last month's news: ripple jumped from the beginning of november to 25 november 2020, from USD 0.239 to USD 0.692. An increase of almost 300 per cent in the course of merely twenty days.
The second entry is bitcoin cash. Brought to life in 2017 by a hard fork from the original bitcoin, it managed to assert its own position on the market. In the course of the last three years, it was trading in price ranges down from USD 75 and up to USD 4,355.

Both ripple, as well as bitcoin cash, will be available to trade on octafx via the platforms metatrader 4 and metatrader 5.
Another significant upgrade concerns the cryptocurrencies already in use at octafx, like bitcoin (BTC), litecoin (LTC) and ethereum (ETH). Where there was leverage to trade them at the ratio of 1:2, soon the forex broker will introduce leverage of up to 1:10. A meaningful incentive to trade more actively with these new assets.
Octafx is a forex broker providing online trading services worldwide since 2011. It offers a state-of-the-art trading experience to more than 3.5 million traders.
Octafx has won more than 30 awards since its foundation, including the best ECN broker 2020 award from world finance.
This story is provided by newsvoir. ANI will not be responsible in any way for the content of this article. (ANI/newsvoir)

Cryptocurrency news at octafx: trading upgrades and new entries (BCH & XRP)

After having bitcoin (BTC), litecoin (LTC) and ethereum (ETH) on offer for some time, the forex broker octafx has decided to include some more. Bitcoin cash (BCH) and ripple (XRP) are the most recent entries.

Right on time, if you consider the current cryptocurrency bull market and bitcoin itself, reaching an all-time high of $24,209 on 20 december 2020. Many altcoins have already had decisive price runs, whereas the blockchain community expects other altcoins to have theirs very soon.

FP markets expands its CFD trading offering in commodities, metals and indices

Octafx releases list of top 2020 events that affected the market during COVID

Top 2020 events that affected the market the most according to octafx

Why are the crypto markets down?

After the american cryptocurrency ripple just had an impressive run, octafx deemed it the right time to add this crypto asset to its trading pool. Just to remind anyone who missed last month’s news: ripple jumped from the beginning of november to 25 november 2020, from $0.239 to $0.692. An increase of almost 300% in the course of merely twenty days.

Octafx crypto

The second entry is bitcoin cash. Brought to life in 2017 by a hard fork from the original bitcoin, it managed to assert its own position on the market. In the course of the last three years, it was trading in price ranges down from $75 and up to $4,355.

Both ripple, as well as bitcoin cash, will be available to trade on octafx via the platforms metatrader 4 and metatrader 5.

Another significant upgrade concerns the cryptocurrencies already in use at octafx, like bitcoin (BTC), litecoin (LTC) and ethereum (ETH). Where there was leverage to trade them at the ratio of 1:2, soon the forex broker will introduce leverage of up to 1:10. A meaningful incentive to trade more actively with these new assets.

Octafx is a forex broker providing online trading services worldwide since 2011. It offers a state-of-the-art trading experience to more than 3.5 million traders.

Octafx has won more than 30 awards since its foundation, including the best ECN broker 2020 award from world finance.

Octafx UK review 2021

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

Octafx is a multiple award-winning broker that provides access to forex, cfds, indices, commodities, cryptocurrencies. Traders that like the metatrader platforms can choose between both the metatrader4 and metatrader5 platforms at octafx.

Octafx also gives traders access to 3 cryptocurrencies: BTC, LTC and ETH.

Octafx summary

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

Ratings

CFD trading

Trade on the financial markets with cfds.

FTSE spread	1.8
GBPUSD spread	1.1
oil spread	1.1
stocks spread	variable

Forex trading

Octafx offers leveraged trading on currencies.

GBPUSD spread	1.1
EURUSD spread	0.7
EURGBP spread	2.1
assets	28

Cryptocurrency trading

Trade popular digital currencies at octafx.

Spread	variable
coins	BTC, LTC, ETH

Payment methods

Octafx accepts the following payment methods:

Bitcoin

Perfect money

Worldpay

Western union

Moneygram

Paysafecard

Awards

Octafx is an award-winning broker, with 8 awards received so far.

Best ECN/STP broker 2019 - fxdaily info

Best forex broker asia 2019 - fxdaily info

Best forex broker asia 2018 - global banking & finance review

Best FX broker 2018 - european CEO magazine

Best trading conditions 2018 - european CEO magazine

Best copy trading platform 2018 - forex-awards.Com

Best forex ECN broker 2017 - UK finance awards

Best trading conditions 2016 - forex report magazine

Octafx vs other brokers

If you want to compare octafx with other brokers, use the detailed comparisons below.

Octafx

Limited payment options

Apps not very user-friendly

Slightly geared towards clients in southeast asia

Min deposit

Max leverage

Mini account

Bonus

Platforms

Withdrawal options

Review

Comparison

Review

Introduction

Ocatfx is one of the most well-known cfds and forex brokers in the world at present. Started in 2011, this company has been incorporated in the financial markets of the grenadine islands and sy vincent. Keeping the asian financial markets as its main service area, ocatafx has based in jakarta, indonesia. This platform has clients originating from over 100 nations around the world. It is important to note that the UK’s financial conduct authority considers octafx as a legitimate and regulated brokerage.

Trading conditions

Discover the lowest spreads in the entire industry

Octafx traders are able to executive lightning trades at visible prices without any slippage.

Negative balance risk mitigation

Octafx does not charge any commission on services including making deposits or withdrawals. It also does not change a transaction fee for currency exchanges.

Types of accounts on octafx

Octafx offers three different types of accounts:

This account type is meant for traders who wish to have the maximum leveraging options with the least monetary investment. The minimum deposit required to start this type of account is $50.

This account is meant for those with a good understanding of forex and a willingness to invest for larger profits. This account offers the lowest spreads which allow for the maximum length of trade options. You can also engage in CFD trading from this account.

This account type is for professional traders who can make prudent investment decisions. It offers a great deal of mobility as it requires no markup and provides ample liquidity access. For traders looking to earn big, ECN is the right option.

Products

Octafx basically offers two types of trading options – spot market trading and contract for difference or CFD trading. Traders can invest in a range of options on octafx including currency pairs, cryptocurrencies, stocks, market indices, precious metals, and other commodities. This combination of financial investment options allows for great profit potential. Investors can benefit from trading on the most popular market indices such as NASDAQ, eurostoxx 50, dow jones etc.

At present, octafx can support three primary cryptocurrencies – bitcoin, ethereum and litecoin.

Traders on octafx can also use cfds to access trading on stock indexes.

Regulation

As stated earlier, octafx is under the regulatory oversight of the financial conduct authority of the UK. This is one of the most stringent regulatory models in the forex industry. The company was established in 2011 under saint vincent and the grenadines IBC 2011 and granted the license number 19776. The company is in full compliance with international financial regulatory standards.

Platforms

Metatrader4

Octafx allows traders to select from a number of platforms for the biggest cross-section of trading preferences and levels. This platform has a very easy to understand setup and offers inbuilt expert advisors as well as customizable indicators.

Metatrader 5

An increasingly popular platform on octafx, MT5 has been considered by many as a potential replacement for MT4. In addition to the MT4 features, it provides a far more customizable interface, stop limit orders and native economic calendar.

Ctrader is the top-level trading platform for ECN brokers. Naturally, it provides level II quotes, server trailing stops, single-click trading and sophisticated charting options. It utilizes cloud servers to back up accounts and keep a centralized tab on all of them.

Mobile trading

Octafx is also available on mobile and has dedicated apps for both ios and android. There is virtually no performance difference between these mobile apps and desktop apps. Traders can easily use them to make trades while on the move.

The octafx trading app is an officially acknowledged forex trading software. It permits all financial transactions available through conventional desktop apps. Users can access the in-app settings to control their octafx trader profile and all activities related to that account. The apps provided fulfill the needs of traders, but we have seem apps from other brokerages that have been easier to use.

Pricing

Octafx has a commission model based on trading. The actual commission charge is based on a mixture of standard prices and markup spreads. For ECN accounts, the charge is 3 cents per 0.01 lot. The table below provides a general idea of the spreads typically seen across octafx’s platforms.

Instrument

Spreads (in pips)

Deposits & withdrawals

Octafx offers multiple channels for investment including credit/debit cards, bank wires, skrill, neteller etc. Traders from specific countries can also opt for local bank transfers. Octafx is constantly adding new payment methods. The deposits must be in USD or EUR and must be at least $5 or equivalent for micro account balances.

For withdrawal requests, the processing time is almost instantaneous and validated through an email. However, this will only happen provided personal information about the withdrawer in available and verified. As per the international anti-money laundering laws, forex brokers need to follow specific rules and octafx complies to them all.

In addition, octafx also keeps user funds distinct from that of the company. Thus, it is in compliance with international forex trading standards. Further, it uses an authentication model through 3D secure technology for extra protection to online payments.

Customer support

Octafx offers customer service round the clock on all workdays i.E. 24/5. Customers can choose between email, direct change and free calling options. The company will also provide a range of market new along with research and economic calendar.

Research & education

Octafx offers several trader tools such as an economic calendar, market insights, forex news, profit calculator, trading calculator, monitoring, live quotes, interest rates, and national holidays. More tools include:

Signals: these tools include MQL5 community settings, signal settings, signal subscribers, and signal providers.

EAS: EAS tools include tester parameters, code basetoolbox, experts tab, experts advisors launch, expert advisors setup, expert advisors shutdown, and autochartist installation manual.

Noteworthy points

· octafxcopytrading provides traders the chance to directly mimic the investment patterns of successful traders. This strategy is a failsafe against customized trading practices and ensures a reasonable degree of success.

· octafxhas been a supporter of the bali sports foundation which takes care of disabled sportsmen in bali and east indonesia.

· octafx supported rip curl cup padang-padang event in bali, indonesia.

· from july 1st, 2015 to 30th june 2016 octafx sponsored of southampton FC, a top-level football club in the UK.

Awards won by them:

· best trades execution 2017

· best trading conditions 2017

· from european CEO magazine

· best forex ECN broker 2017

· most transparent broker 2017

· from european CEO magazine

· best trading conditions 2016

Conclusion

Octafx has a truly impressive array of features and options to offer to traders. Their personal support is also genuine and customer care executives seem to eagerly resolve client queries and problems.

Additionally, their competitions and trading bonuses add an edge to their brokerage. Most other forex brokers do not offer such benefits. For novice and even experienced brokers, octafx offers a wide range of educational materials.

Novice traders also have the option of honing their skills with demo accounts which perfectly mimic live trade conditions.All in all, octafx is a very viable forex brokerage that offers a good experience and can be used profitably by smart traders.

Comparison

Broker comparison maecenas porta rhoncus dui ut congue. Donec luctus non sem eu euismod. Ut rhoncus mauris non bibendum congue. Donec maximus ipsum a lectus sollicitudin.

Top 2020 events that affected the market the most according to octafx

Octafx, a forex broker that provides online trading services worldwide has come up with an exclusive list of top events that affected the market in 2020.

Forex 2020 - octafx

Rising of coronavirus cases

OPEC and OPEC+ agree on the largest output cut in history

Approval of a stimulus package for the U.S. Economy

Gold reaches all-time highs

Second coronavirus wave enters the stage

Coronavirus vaccine discovery

United states presidential election

The OPEC / OPEC+ december agreement

The brexit trade deal

2020 has become a great challenge for millions of people on the planet. However, from the trader's point of view, the crisis gives great opportunities for making money, too.

Octafz

ANI
29 dec 2020, 21:37 GMT+10

New delhi [india], december 29 (ANI/newsvoir): octafx, a forex broker that provides online trading services worldwide has come up with an exclusive list of top events that affected the market in 2020.

Rising of coronavirus casesinvestors were watching the spread of the then-unknown disease in china closely earlier this year. How a leading east asian country is handling this problem was of crucial importance. It turned out later that the newly titled coronavirus would not only affect china but soon the entire world. The rising numbers of people in the united states and europe being infected with and dying from this horrific virus led investors to panic, which impacted the currency, stock, and commodities markets.

OPEC and OPEC agree on the largest output cut in historyone of the first assets that experienced the impact of the pandemic was crude oil. On 8 january 2020, the price of 'black gold' already fell from the level of 70.75 dollars per barrel of brent down to 64.38 dollars per barrel, which is almost 9% in a single day. However, the most severe collapse in the entire history of the oil market occurred transitioning from march to april.

Approval of a stimulus package for the U.S. Economyafter the oil, the stock market followed suit spiralling down soon after. Hence, in the period from 20 february to 23 march this year, one of the most popular stock indices in the world, the SPX500, fell to the level of 2,172 USD. This amounts to an almost 36.5% decrease. As a reminder, SPX500 includes 505 selected public companies traded on american stock exchanges with the largest capitalisation.

Gold reaches all-time highsthe gold market struggled immensely at the beginning of the year. Although, since the second half of march, the precious metal has shown steady growth, starting from the level of 1,450 to 2,080 dollars per ounce by the beginning of august, which amounts to almost 43% in gains.

Second coronavirus wave enters the stageat the end of august, disturbing reports flooded the headlines with an ongoing epidemic that followed what seemed to be a calm summer. The total daily increase of infected people in september throughout october exceeded the peak in may by two or three times. In november, several european countries, such as the united kingdom, france, germany, italy, and greece, again announced regional lockdowns and began applying strict sanitary measures.

Coronavirus vaccine discoveryin august, mass media reported that authorities in russia registered the first coronavirus vaccine. Positive news like this led to a sharp decline in the prices of gold, which previously reached the earlier mentioned unheard-of high of 2,080 dollars per ounce. This would make sense since gold is usually purchased when critical situations occur in the world, such as an uncontrolled pandemic, large-scale war, or political uncertainty.

United states presidential electionthe 2020 U.S. Presidential election, held on 3 november, is recognised as the most controversial in history. As usual, two candidates emerged in the final race. Donald trump again represented the U.S. Republican party in hopes for a second term in office. His democratic counterpart, former vice president and U.S. Senator joe biden, was challenging trump's re-election.

The OPEC / OPEC december agreementthe approval of new parameters within the OPEC / OPEC deal was a significant reason for optimism in the oil market in early december. According to the previous agreement, which the member countries accepted amidst the price collapses taking place almost a year ago, they expected the quota for their oil production to increase by almost 2 million barrels per day from 1 january 2021.

The brexit trade dealthe E.U. And the U.K. Have pledged to sign a deal on trade and security that will finalise the U.K. Leaving the european union by 31 december 2020. According to a study by the german economic institute IFO, the U.K. Will suffer more financial losses as a result of brexit than the E.U. Currently, both sides are focused on an agreement to develop a mechanism to ensure that neither side can distort trade by undermining european standards. Up to that point, negotiations on the post-brexit trade deal between london and brussels have been stalling for several months.