Advantages OctaFX has Over Other Competitors in Forex Trading
OctaFX is one of the well known forex trading company started in 2011 and has gain good reputation year after year. It is regulated by a CySEC license. OctaFX focus to deliver top-quality services with better customer support user-friendly trading conditions. The foremost online magazine Global Banking & Finance Review (GBAF) adorned OctaFX as the best Forex Broker Asia segment in 2021.
OctaFX has over 6.5 million clients in the financial trade market. It is a popular trading company with worldwide traders; the majority of clients belong to the Asia-Pacific region. Both the active and passive users make use of the platform and do successful trades; although the active user are growing more rapidly to join and trade with OctaFX.
Advantages OctaFX have over other competitors
1. Lowest spreads in the trade business
The spread is the variation between the buy-sell prices of an instrument. With the spread the broker gets benefit by taking a fee. OctaFX has one of the lowest spreads in the business. OctaFX’s minimum spread for trading is 0.6 pips - which are fairly low, compared to the spread that other forex brokers take.
2. No commission fee on withdrawals and deposits
OctaFX do not charge a fee on deposit or withdrawal of your money from the account. OctaFX also does not charge any fee for inactive accounts.
3. Ease of use
Users can us both the web-based and mobile both the platforms to monitor the indexes and execute the trades securely with an ease. User-friendly, responsive sections, well organized structure binds and attract the user to use the trading system efficiently. Even a newbie can easily use the tool without the support and consultations.
4. Minimum deposit to start a trade
The fresh beginners can deposit a minimum deposit amount $100 and start the trade; the minimum deposit amount is quite low as compared to other trading platforms in the financial market.
5. Funds Security
OctaFX platform uses all modern IT techniques to guarantee that your deposit is secured in every probable way. Some key features available are: Segregated accounts, SSL-protected trade window, Account verification, secure withdrawal rules and 3D secure Visa authorization.
6. Customer Support
Different countries have their own technical support teams to attain customer queries in their regional languages. Various mediums of communication can be use to approach the support services like via email, telephone and chat. Customer service is so good as the company stays in touch of their investors every time.
Trading Platforms and Conditions
There are three trading platforms available with the OctaFX brokerage company: - MetaTrader 4, MetaTrader 5 and cTrader. Some of the main accounts traders can generate and explore are Demo account, OctaFX MT4, MT5, OctaFX cTrader in which user can trade in EUR and USD currencies. The utmost leverage is 1:500; metals - 1:200; indices - 1:50, for crypto - 1:10; and oil - 1:100. OctaFX provide tremendous fast copying speed. Trade on the investor's account is copied within 5ms after the master trader has placed a trade order; get more Info on trading conditions.
Apart from USD and EUR, Broker also provides the choice to deposit in Bitcoin and Ethereum crypto currencies. Withdrawal requests are processed within 3 hours of submission. User can withdraw the amount via Visa cards, Bank transfer, Neteller, Bitcoin, Skrill and Crypto.
Learning Resources for Novice at OctaFX
For a new user it’s difficult to trade in the start as every platform has its own architecture and internal tools to trade. OctaFX offers the novice users educational guides, articles, video tutorials and knowledge of working with different tools in trade on its website in the education section. The user gets aware to all the services and protocols that the broker offers to its clients.OctaFX is a reliable broker for entering in the Forex market for beginners look at this site for more information.
Summing up, OctaFX is considered trusted and reputable to forex trade. It provides an efficient trading platform with helpful education resources that is appropriate for both learner and experience traders. Users can enjoy an array of positive features with leverage and spread options and trade hassle free.