OctaFX Journal (Broker rebranded)
| Journal status: closed OctaFX rebranded |
OctaFX Profile
Website
octafx.com (kept the same domain octafx.com)
Year
2011
Country
SVG
Branches
1
Regulation
not regulated
Registration
FSA SVG
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
х US
Broker type
STP, DMA, ECN pricing
Dealing book
A-book
Tier
3
Execution speed
100 ms
LPs total
1
LPs quality
MTFs
LPs names
LMAX
OctaFX Accounts
STP
ECN
Minimum Deposit
100 $
100 $
Leverage
500 : 1
500 : 1
Minimum Lot
0.01 lots
0.01 lots
EURUSD spread
0.2 pips
0 pips
Commission
0 $/lotRT
6 $/lotRT
Volume
Unlimited
Unlimited
Margin Call
45 %
25 %
Stop Out
30 %
15 %
Execution
Market
Market
Spread
floating
floating
Scalping
yes
yes
Deposit & Fees
Deposit methods
Bitcoin, Skrill, Neteller, Litecoin, Dogecoin, Ethereum, Tether, Debit Card, Credit Card
Base currency
USD, EUR
Segregated accounts
yes
Interest on margin
no
Inactivity fee
none
| Update broker |
Is OctaFX safe?
- Investor protection: no
- Regulation: not regulated
- Registration: FSA SVG
- Publicly traded: no
- Segregated account: yes
- Guaranteed Stop Loss: no
- Negative Balance Protection: yes
Is OctaFX trusted?
- Information transparency: high
★★★★★ - Customer service: prompt, helpful
★★★★★ - OctaFX website: highly detailed, updated
★★★★★ - OctaFX popularity (by visitor count): top visited
★★★★★
How OctaFX works
4.1. The Company provides Market Execution on all the trading instruments. The Company applies ECN/STP model to orders’ execution, that is, all the Client’s positions are offset to the interbank liquidity providers. In some cases the orders may fail to be offset, or the Company may solely decide not to offset an order or a group of orders.
10.5. The Company at its sole discretion will specify the current market price.
4.9. In exceptional cases short-term orders lasting less than 180 seconds can be cancelled should they be considered an abuse.
https://www.octafx.com/company/customer-agreement/
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