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OctaFX Review

Read our concise, full review on the pros and cons of OctaFX

4.0

Overall rating

4.6

(52 reviews

)

User Rating

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User Reviews (52)

Forum Posts (0)

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Written by Angelo Martins

Edited by David Johnson

Fact checked by Evelina Laurinaityte

Human moderated by Jason Peterson

Last updated January 2025

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Live Spreads
User reviews
Overall rating
Regulation
Available Assets
Live Swap Rates
Profile

Live Spreads

Brokers	Forex				Commodities
Brokers	EURUSD	GBPJPY	AUDNZD	Average	XAUUSD	XAGUSD	Average

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We analyze the combined spread and commission cost averaged over time. The table above displays combined spread and commission costs sampled from live accounts using our spread analyzer tool. To compare OctaFX to other brokers or symbols than the ones shown, click the orange edit button and select new brokers or symbols.

The spread is the difference between the bid (sell) and ask (buy) price of an asset. Commission is also charged on top of the spread on some account types and constitutes an additional transaction cost.

OctaFX User reviews

4.6

(52

)

Ranked 6 out of 1740 (Forex Brokers)

This rating is based on 36 reviews by users that proved they are real customers of this company.All reviews undergo significant human and technical moderation.Companies that get 30+ reviews by verified reviewers are scored only on their ratings by verified reviewers and get a green checkmark by their rating.

27 March 2025

Approved reviewer

Location: Madagascar

27 March 2025

5.0

Approved reviewer

Very good broker all over the world

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12 March 2025

Approved reviewer

Location: Nigeria

12 March 2025

5.0

Approved reviewer

Good

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12 February 2025

Approved reviewer

Location: Indonesia

12 February 2025

5.0

Approved reviewer

Best broker fast support

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9 February 2025

Approved reviewer

Location: Indonesia

9 February 2025

5.0

Approved reviewer

A good broker with the speed of execution and the method of deposit or withdrawal that has many choices and very fast

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8 February 2025

Approved reviewer

Location: Indonesia

8 February 2025

2.0

Approved reviewer

Bad in Xauusd spread.

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Show more (52 total)

OctaFX Overall rating

4.0

Ranked 94 out of 1740 (Forex Brokers)

Overall rating is derived from an aggregate of ratings in multiple categories.

	Rating	Weight
User rating	4.6 (52 reviews)	3
Popularity	2.9	3
Regulation	5.0	2
Pricing rating	4.0	1
Features	Not rated	1
Customer Support	Not rated	1

Regulation

Company	Licenses & Regulations	Deposit Compensation Scheme	Max. Leverage Retail Clients
Octa Markets Cyprus Ltd	Cyprus - CY CYSEC	up to €20,000	30 : 1
Orinoco Capital (Pty) Ltd	South Africa - ZA FSCA		1000 : 1
Octa Markets Ltd	Comoros - KM MISA		1000 : 1
Octa Markets Incorporated St Lucia			1000 : 1

Available Assets: Search all tradable instruments

The live symbol search above is taken from live accounts synced to our system.

CFDs (Contracts for Difference) allow traders to speculate on the price movement of various assets without owning the underlying asset. This can provide leverage and flexibility but can also increase risk.

Live Swap Rates

Swap Rate: Long Position

Swap Rate: Short Position

Swap Rate Calculation Method

Brokers	Forex				Commodities
Brokers	EURUSD	GBPJPY	AUDNZD	Average	XAUUSD	XAGUSD	Average
OctaFX	0.000.00 None	-0.10-4.30 None	-3.90-17.20 None	-0.42	-5.83-2.65 None	-0.13-0.03 None	-2.16
IC Markets	-0.740.33 Pips	1.36-2.64 Pips	-0.28-0.10 Pips	-0.34	-47.0722.97 Points	-1.39-0.72 Points	-6.55
Pepperstone	-0.800.36 Pips	0.70-2.60 Pips	-0.18-0.37 Pips	-0.48	-45.0121.97 Points	-1.25-1.57 Points	-6.46
Admirals	-1.080.04 Pips	0.96-3.42 Pips	-0.59-0.55 Pips	-0.77	-576.79267.39 Points	-6.35-4.72 Points	-80.12
HFM	-0.850.00 Pips	0.00-3.79 Pips	-0.20-0.57 Pips	-0.90	-47.120.00 Points	-3.30-3.40 Points	-13.45

Brokers	Forex				Commodities
Brokers	EURUSD	GBPJPY	AUDNZD	Average	XAUUSD	XAGUSD	Average
OctaFX	0.000.00 None	-0.10-4.30 None	-3.90-17.20 None	-0.42	-5.83-2.65 None	-0.13-0.03 None	-2.16
HFM	-0.850.00 Pips	0.00-3.79 Pips	-0.20-0.57 Pips	-0.90	-47.120.00 Points	-3.30-3.40 Points	-13.45
Admirals	-1.080.04 Pips	0.96-3.42 Pips	-0.59-0.55 Pips	-0.77	-576.79267.39 Points	-6.35-4.72 Points	-80.12
Pepperstone	-0.800.36 Pips	0.70-2.60 Pips	-0.18-0.37 Pips	-0.48	-45.0121.97 Points	-1.25-1.57 Points	-6.46
IC Markets	-0.740.33 Pips	1.36-2.64 Pips	-0.28-0.10 Pips	-0.34	-47.0722.97 Points	-1.39-0.72 Points	-6.55

Brokers	Forex	Commodities
OctaFX	0.000.00 None	-0.10-4.30 None	-3.90-17.20 None	-0.42	-5.83-2.65 None	-0.13-0.03 None	-2.16
HFM	-0.850.00 Pips	0.00-3.79 Pips	-0.20-0.57 Pips	-0.90	-47.120.00 Points	-3.30-3.40 Points	-13.45
Admirals	-1.080.04 Pips	0.96-3.42 Pips	-0.59-0.55 Pips	-0.77	-576.79267.39 Points	-6.35-4.72 Points	-80.12
Pepperstone	-0.800.36 Pips	0.70-2.60 Pips	-0.18-0.37 Pips	-0.48	-45.0121.97 Points	-1.25-1.57 Points	-6.46
IC Markets	-0.740.33 Pips	1.36-2.64 Pips	-0.28-0.10 Pips	-0.34	-47.0722.97 Points	-1.39-0.72 Points	-6.55

Brokers	Forex	Commodities
OctaFX	0.000.00 None	-0.10-4.30 None	-3.90-17.20 None	-0.42	-5.83-2.65 None	-0.13-0.03 None	-2.16
IC Markets	-0.740.33 Pips	1.36-2.64 Pips	-0.28-0.10 Pips	-0.34	-47.0722.97 Points	-1.39-0.72 Points	-6.55
Pepperstone	-0.800.36 Pips	0.70-2.60 Pips	-0.18-0.37 Pips	-0.48	-45.0121.97 Points	-1.25-1.57 Points	-6.46
Admirals	-1.080.04 Pips	0.96-3.42 Pips	-0.59-0.55 Pips	-0.77	-576.79267.39 Points	-6.35-4.72 Points	-80.12
HFM	-0.850.00 Pips	0.00-3.79 Pips	-0.20-0.57 Pips	-0.90	-47.120.00 Points	-3.30-3.40 Points	-13.45

Brokers	Forex	Commodities
OctaFX	0.000.00 None	-0.10-4.30 None	-3.90-17.20 None	-0.42	-5.83-2.65 None	-0.13-0.03 None	-2.16
HFM	-0.850.00 Pips	0.00-3.79 Pips	-0.20-0.57 Pips	-0.90	-47.120.00 Points	-3.30-3.40 Points	-13.45
Admirals	-1.080.04 Pips	0.96-3.42 Pips	-0.59-0.55 Pips	-0.77	-576.79267.39 Points	-6.35-4.72 Points	-80.12
Pepperstone	-0.800.36 Pips	0.70-2.60 Pips	-0.18-0.37 Pips	-0.48	-45.0121.97 Points	-1.25-1.57 Points	-6.46
IC Markets	-0.740.33 Pips	1.36-2.64 Pips	-0.28-0.10 Pips	-0.34	-47.0722.97 Points	-1.39-0.72 Points	-6.55

Brokers	Forex	Commodities
OctaFX	0.000.00 None	-0.10-4.30 None	-3.90-17.20 None	-0.42	-5.83-2.65 None	-0.13-0.03 None	-2.16
IC Markets	-0.740.33 Pips	1.36-2.64 Pips	-0.28-0.10 Pips	-0.34	-47.0722.97 Points	-1.39-0.72 Points	-6.55
Pepperstone	-0.800.36 Pips	0.70-2.60 Pips	-0.18-0.37 Pips	-0.48	-45.0121.97 Points	-1.25-1.57 Points	-6.46
Admirals	-1.080.04 Pips	0.96-3.42 Pips	-0.59-0.55 Pips	-0.77	-576.79267.39 Points	-6.35-4.72 Points	-80.12
HFM	-0.850.00 Pips	0.00-3.79 Pips	-0.20-0.57 Pips	-0.90	-47.120.00 Points	-3.30-3.40 Points	-13.45

Brokers	Forex				Commodities
Brokers	EURUSD	GBPJPY	AUDNZD	Average	XAUUSD	XAGUSD	Average
OctaFX	0.000.00 None	-0.10-4.30 None	-3.90-17.20 None	-0.42	-5.83-2.65 None	-0.13-0.03 None	-2.16
IC Markets	-0.740.33 Pips	1.36-2.64 Pips	-0.28-0.10 Pips	-0.34	-47.0722.97 Points	-1.39-0.72 Points	-6.55
Pepperstone	-0.800.36 Pips	0.70-2.60 Pips	-0.18-0.37 Pips	-0.48	-45.0121.97 Points	-1.25-1.57 Points	-6.46
Admirals	-1.080.04 Pips	0.96-3.42 Pips	-0.59-0.55 Pips	-0.77	-576.79267.39 Points	-6.35-4.72 Points	-80.12
HFM	-0.850.00 Pips	0.00-3.79 Pips	-0.20-0.57 Pips	-0.90	-47.120.00 Points	-3.30-3.40 Points	-13.45

Brokers	Forex	Commodities
OctaFX	0.000.00 None	-0.10-4.30 None	-3.90-17.20 None	-0.42	-5.83-2.65 None	-0.13-0.03 None	-2.16
IC Markets	-0.740.33 Pips	1.36-2.64 Pips	-0.28-0.10 Pips	-0.34	-47.0722.97 Points	-1.39-0.72 Points	-6.55
Pepperstone	-0.800.36 Pips	0.70-2.60 Pips	-0.18-0.37 Pips	-0.48	-45.0121.97 Points	-1.25-1.57 Points	-6.46
Admirals	-1.080.04 Pips	0.96-3.42 Pips	-0.59-0.55 Pips	-0.77	-576.79267.39 Points	-6.35-4.72 Points	-80.12
HFM	-0.850.00 Pips	0.00-3.79 Pips	-0.20-0.57 Pips	-0.90	-47.120.00 Points	-3.30-3.40 Points	-13.45

Brokers	Forex	Commodities
OctaFX	0.000.00 None	-0.10-4.30 None	-3.90-17.20 None	-0.42	-5.83-2.65 None	-0.13-0.03 None	-2.16
IC Markets	-0.740.33 Pips	1.36-2.64 Pips	-0.28-0.10 Pips	-0.34	-47.0722.97 Points	-1.39-0.72 Points	-6.55
Pepperstone	-0.800.36 Pips	0.70-2.60 Pips	-0.18-0.37 Pips	-0.48	-45.0121.97 Points	-1.25-1.57 Points	-6.46
Admirals	-1.080.04 Pips	0.96-3.42 Pips	-0.59-0.55 Pips	-0.77	-576.79267.39 Points	-6.35-4.72 Points	-80.12
HFM	-0.850.00 Pips	0.00-3.79 Pips	-0.20-0.57 Pips	-0.90	-47.120.00 Points	-3.30-3.40 Points	-13.45

Data from the table above is taken from live accounts using our swap rate analyzer tool. To compare the swap rates of different brokers or symbols than the ones shown, click the orange edit button.

Swap rates, also known as financing fees, are charged by brokers for holding positions overnight. These fees can either be positive or negative. Positive swap rates pay out to the trader, while negative swap rates incur a cost.

OctaFX Profile

Company Name	Octa Markets Incorporated
Categories	Forex Brokers
Primary Category	Forex Brokers
Year Founded	2011
Headquarters	St Lucia
Office Locations	Cyprus, St Lucia
Account Currency	EUR, USD, BTC, LTC, USDT
Support Languages	Chinese, English, German, Hindi, Indonesian, Portuguese, Spanish, Thai, Vietnamese, Urdu
Funding Methods	Bank Wire, Bitcoin, FasaPay, Neteller, Perfect Money, Skrill
Financial Instruments	Forex, Shares, Indices, Oil/Energies, Cryptocurrencies, Metals

24 hour support

Segregated Accounts

Islamic Accounts

Accepts Canadian clients

Accepts Japanese Clients

Non expiring demo

Trading API

Cent accounts

Negative balance protection

Social trading

Regulatory deposit insurance

Trailing stops

Bonuses

Interest on margin

Fixed spread

Variable spread

OctaFX User reviews

4.6

(52

)

Ranked 6 out of 1740 (Forex Brokers)

Newer user ratings have greater impact than older ratings and user ratings have no impact after 5+ years old. The more reviews a company receives, the higher the maximum possible aggregate user rating. After 100 reviews a company can receive the highest rating, which is an average of their user ratings.

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5 Stars		70.59%
4 Stars		19.61%
3 Stars		3.92%
2 Stars		1.96%
1 Stars		3.92%
Spam		0%

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Reviews:

Approved (52)

Rejected (0)

27 March 2025

Approved reviewer

Location: Madagascar

27 March 2025

5.0

Approved reviewer

Very good broker all over the world

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12 March 2025

Approved reviewer

Location: Nigeria

12 March 2025

5.0

Approved reviewer

Good

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12 February 2025

Approved reviewer

Location: Indonesia

12 February 2025

5.0

Approved reviewer

Best broker fast support

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9 February 2025

Approved reviewer

Location: Indonesia

9 February 2025

5.0

Approved reviewer

A good broker with the speed of execution and the method of deposit or withdrawal that has many choices and very fast

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8 February 2025

Approved reviewer

Location: Indonesia

8 February 2025

2.0

Approved reviewer

Bad in Xauusd spread.

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24 June 2024

Approved reviewer

Location: Pakistan

24 June 2024

5.0

Approved reviewer

It is still difficult for me to draw any independent conclusions about this broker, since I don't yet have much practical experience trading on its platform. But I can say that I know about its reputation. I'm an expert in the field of Octa reviews :) as I studied many of them, and also spent a lot of time checking this company. It is a reliable broker with honest trading conditions.

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16 June 2024

Approved reviewer

Location: South Africa

16 June 2024

4.0

Approved reviewer

yo, guys, nice webinars, btw. it cool that they are available n the app, so you ain't even need to stare at PC. just chill on the couch and watch, I personally did it and it was convenient for me.

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28 May 2024

Approved reviewer

Location: Germany

28 May 2024

1.0

Approved reviewer

War fast ein Jahr Kunde, aber seit den Neuerungen im letzten Monat, gab es nur noch Probleme. Deshalb habe ich vorraussehend fast alles Geld abgehoben. Wurde Heute ohne Grund mit einer bösen Mail gesperrt und an den rest Geld kann ich sehen wie ich heran komme. ALSO bitte last es sein

Translation:
I was a customer for almost a year, but since the changes last month, there have only been problems. So I foreseeably withdrew almost all of my money. Today I was blocked for no reason with a nasty email and I will see how I can get the rest of the money. SO please leave it alone

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10 March 2024

Approved reviewer

Location: Malaysia

10 March 2024

No Rating

Approved reviewer

OCTAFX IS NOT A TRUSTED BROKER. LESS THAN 2 MTHS I AM FACING BLOCKING ON WITHDRAWAL FROM MY OWN ACCOUNT ON OCTAFX. EVEN AFTER EXPLAINED, THEY WILL ASKED THE SAME Qs AND CREATE NEW DIFFICULT JUST TO STOP YOU ON WITHDRAWAL. FIRSTLY THEY WILL DENIED IN RECEIVING THE REQUESTED STATEMENT AND AFTER THAT THEY SAID THEY CANT FIND THE TRANSACTIONS ON THE STATEMENTS EVEN WAS OBVIOUSLY THERE, THEN THEY WILL SAID THEY CANT SEE IT. AFTER WITH ALL THE EVIDENCES PROVIDED, THEY WILL COME OUT WITH DIFFERENT DATE OF STATEMENT REQUEST AND IS OBVIOUS THAT WAS EXPLAINED IN MULTIPLE TIMES STATEMENT DATE CUT OFF.

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25 May 2022

Approved reviewer

Location: Nigeria

25 May 2022

4.0

Approved reviewer

This is great

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17 March 2022

Approved reviewer

Location: India

17 March 2022

4.0

Approved reviewer

Spread are good, deposit takes less than one minute, but withdraw above $1000 around 3-5days, so far no problem with this broker, their support also really helpful. Thank you

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19 February 2022

Approved reviewer

Location: Turkey

19 February 2022

3.0

Approved reviewer

Ekim 2021 de girdim başlarda güzeldi iyi kazandırdı sonra 1 bucuk ay sıkıştı kazandırmadı sıkışıklıktan çıkar çıkmaz 1 hafta sonra yine sıkıştı ve 1 aydan fazladır sıkışık parayı tamamen kaymetme riskimde var. Bu zamanda güvenilmez

Translation:
I entered in October 2021, it was good at the beginning, it was good, then it got stuck for 1 and a half months. unreliable at this time

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5 June 2021

Approved reviewer

Location: Somalia

5 June 2021

5.0

Approved reviewer

إنها شركة جذابة من حيث: - استجابة سريعة - سحب سريع - حساب اسلامي - لا توجد عمولة عن أقل 1 حجم - سبريد منخفض - الإيداع الأول قليل $25 هذه المزايا هي التي جربتها ورأيتها بنفسي ، أتعامل معها منذ سبعة أشهر ولم أجد أي مشكلة أو صعوبة. والصور أدناه لتوضيح السحوبات وآخرها كان بالأمس وإذا كنت ترغب في التسجيل ، يرجى استخدام هذا الرابط. جزاكم الله خيرًا https://www.octafx.com/?refid=if6745107

Translation:
It is an attractive company in terms of: - Quick response - quick withdrawal - Islamic account There is no commission for the lowest 1 size - Low spread - The first deposit is as little as $25 These advantages are what I have tried and seen for myself, I have been dealing with it for seven months and have not found any problem or difficulty. And the pictures below are to illustrate the drawings, the last of which was yesterday And if you wish to register, please use this link. May Allah reward you https://www.octafx.com/?refid=if6745107

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23 May 2021

Verified reviewer

Location: Jordan

Account types: MetaTrader 4

23 May 2021

1.0

Verified reviewer

I deposited my money using a credit card and then they restricted me to withdrawal using Bitcoins only. Very bad.

1 comment

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18 April 2021

Verified reviewer

Location: Malaysia

Account types: MetaTrader 4

18 April 2021

5.0

Verified reviewer

Fast withdrawal compared others broker

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26 January 2021

Verified reviewer

Location: Vietnam

Account types: MetaTrader 4

26 January 2021

5.0

Verified reviewer

good

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19 January 2021

Verified reviewer

Location: India

Account types: MetaTrader 4

19 January 2021

5.0

Verified reviewer

i am new trader... and i am in learning face.. thank you..................

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15 December 2020

Verified reviewer

Location: Malaysia

Account types: MetaTrader 4

15 December 2020

5.0

Verified reviewer

Must use, great reward and gift are eating u.

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9 December 2020

Verified reviewer

Location: India

Account types: MetaTrader 4

9 December 2020

5.0

Verified reviewer

Good

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3 December 2020

Verified reviewer

Location: United Arab Emirates

Account types: MetaTrader 4

3 December 2020

4.0

Verified reviewer

Currently I am micro user for OctaFX and it is a very good software. Very less spread and easy to use.

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17 November 2020

Approved reviewer

Location: Philippines

17 November 2020

3.0

Approved reviewer

good broker because it accepts BTC

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12 October 2020

Verified reviewer

Location: Malaysia

Account types: MetaTrader 4

12 October 2020

5.0

Verified reviewer

I have been with OCTA for almost 7 years now and am very happy with its deposit and withdrawal service, efficient and speedy. keep up the good work!

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10 October 2020

Verified reviewer

Location: Singapore

Account types: MetaTrader 4

10 October 2020

5.0

Verified reviewer

Spread are good,deposit take less than one minute,but withdraw above $1000 around 3-5days,so far no problem about this broker,their support also really helpful

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8 October 2020

Verified reviewer

Location: New Zealand

Account types: MetaTrader 5

8 October 2020

5.0

Verified reviewer

Very responsive and user friendly site

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14 September 2020

Verified reviewer

Location: Nigeria

Account types: MetaTrader 4

14 September 2020

5.0

Verified reviewer

OctaFX is wonderful. Great customer service.

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We display the reviews we reject as spam or vote fraud. Not all rejected reviews are displayed, for example reviews advertising a website or service.

Account types user rating

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