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OctaFX .com

Octa Markets Incorporated is a worldwide recognized forex broker. OctaFX provides forex brokerage services to its clients in over 100 countries of the world. OctaFX uses the most up-to-date technology and knowledge to make your forex trading experience outstandingly convenient. Our top goal is the trust and satisfaction of each client's need and requirements. OctaFX sets the highest service level standards and maintains them as well as constantly develops new services and promotions.

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We are Regulated:

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Octa Markets Incorporated was registered in 2011 in Saint Vincent and the Grenadines under the license number 19776 IBC 2011. Company's legal and correspondence address is Cedar Hill Crest, P.O. Box 1825, Villa, St. Vincent and the Grenadines. OctaFX activity is supervised and regulated by the authorities of Saint Vincent and the Grenadines under the International Business Companies (Amendment and Consolidation) Act, chapter 149 of the revised laws of Saint Vincent and the Grenadines, 2009, section 5(1). OctaFX acts in full compliance with international legislation and regulation standards. We strongly believe that honesty is the best policy. You can review the Customer Documents as well as AML policy and other important legal documents in Legal Agreements section of www.octafx.com.

 

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Start your successful trading with OctaFX today

 

Customer Support and contact details

 

China Toll Free Phone 4001-200970

Indonesia Toll Free Phone 001-803-015-203-9780

Malaysia Toll Free Phone 1-800-815-304

Belgium +32 2792 4855

© 2012 Octa Markets Incorporated

Business license no. 19776 IBC 2011

Legal Address: Cedar Hill Crest, Villa, Kingstown,

St. Vincent and the Grenadines

OctaFX.Com -30% Deposit bonus

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OctaFX is all about making your trading experience convenient and outstanding, driving forex trading to a whole new level. Deposit your account and we will grant you 10% to 30% of your deposit for free! This is a perfect way to increase total amount of funds in your account. All you need to do is deposit your real account and verify it. Please carefully read the promotion rules below.

 

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OctaFX No Deposit Bonus 8 USD

 

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Promotions Rules

 

  • No agent commission is credited for trading on bonus accounts
  • It is necessary to verify your account to receive a bonus
  • A special welcome account is opened for bonus trading. Bonus can not be added to another account type (Micro, ECN or IB)
  • Welcome account conditions are equal to Micro Swap Free account conditions
  • You can not deposit a welcome account
  • It is required to trade 8 standard lots to make the bonus withdrawable
  • It is required to finish 2 standard lots to withdraw profit for welcome account
  • We will return 16 USD after 8 standard lots are finished in a bonus account. So your 8 USD bonus will become withdrawable and we will grant you 8 USD more
  • So-called "reverse trading" on bonus accounts is strictly prohibited. "Reverse trading" denotes opening the same position in reverse destinations on 2 or more bonus accounts. E.g. open 0.01 lot BUY on EURUSD in one account and 0.01 lot SELL on EURUSD in another at the same time. The Client acknowledges that such accounts will be blocked, bonuses and profits will be canceled
  • Maximal leverage for non-deposit bonus accounts is 1:500
  • Minimal and maximal volume for welcome account is 0.01 lot
  • Maximal number of simultaneously open positions is 3
  • Opening multiple bonus accounts (including those registered for relatives. etc) is prohibited. In case of IP address or personal data partial or complete match, or other signs of accounts belonging to the same person, such accounts will be blocked, bonuses and profits will be canceled
  • The bonus may be cancelled anytime. In this case 8 USD will be charged from your account
  • Bonus can't be canceled
  • ANY IP match between 2 accounts regardless of trading style, name, email, country, etc will be considered as multiple bonus account. Such accounts will be blocked, all withdrawals will be rejected
  • Each client can have only one bonus account
  • OctaFX may reject s client's bonus application(s) at anytime without prior notification or providing reasons for such decision
  • OctaFX reserves a right to change, update or cancel this promotion with notification in the Company news
  • Certain countries may be restricted from getting a bonus

 

 

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OctaFX.Com -Metatrader 4 Trading Software

 

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Metatrader 4 Trading Software

 

 

Use the most widespread trading software in the world. OctaFX offers you the outstanding advantages of Metatrader 4 trading software.

Metatrader 4 is the most comfortable and user-friendly trading platform on the market. Metatrader 4 unveils ultimate technology and top-notch trading techniques.

Metatrader 4 is highly customizable and convenient. It includes charting tools, market indicators, scripts and EAs, advanced risk management, real time market execution and more.

 

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Open account today and enter the world of requote-free trading and the fastest execution! Join OctaFX today!

 

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OctaFX.Com - MASSIVE Spread Reduction at OctaFX!

 

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This is a revolution in lowering the spreads that happened in OctaFX! We have reduced major currency spreads!

Now you can enjoy trading with as low as 0.2 pip spreads. They’ve never been that tight.

Open account today and enjoy the lowest spreads ever at OctaFX!

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OctaFX is proud to offer top-notch service level to its customers. Please stay tuned for the news and updates from OctaFX!

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Dear clients!

In an effort to make your trading as easy and convenient as possible OctaFX introduces the most popular account deposit/withdrawal option, that is, deposit via Visa/Mastercard.

http://www.octafx.com/?refid=154' rel="external nofollow">

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The whole deposit process takes seconds now! OctaFX is proud to announce another convenient deposit option for our clients!

Please stay tuned for the news and updates from OctaFX!

Wishing you luck and profitable trading, yours truly, OctaFX! :)

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Pre-Registration process of OctaFx Champion contest is still underway and 19 days are left for you to be registered in this exciting champion contest. So hurry up and catch the real chance to win marvelous prizes upto 1100 USD. for more information please visit http://www.octafx.com/contests/octafx-champion/

https://my.octafx.com/open-account/contest/octafx-champion/' rel="external nofollow">

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Forex Calculator, Economic Calendar and more now available at OctaFX.com!

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Dear clients!

Due to an overwhelming demand OctaFX has opened a new section of our website with everyday trader’s tools for your convenience. Whenever you need market information, a forex calculator or the time of the important news release – it’s all here for you:

Forex Calculator - a very useful tool for all the traders out there. It allows calculating required margin, pips price and many other parameters.

Economic Calendar – a must-use tool for any trader. It lists all the important news releases for the upcoming week.

Real Time Live Quotes – quotes for all the OctaFX forex currency pairs are available on this page so you always know the current rates

And a lot of other important information for you is now available in the Markets section of OctaFX.com.

We are proud to be providing top forex brokerage services to our clients all around the world. Stay tuned for the news and updates from OctaFX!

http://www.octafx.com/?refid=154' rel="external nofollow">

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OctaFX Champion contest Next round: Registration opened only 11 days left

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Register in the contest, trade your demo account like a champion, win and get amazing prizes! Any possible trading techniques are welcome, whether EAs, scalping, hedging, or whatever you want to use! Be a winner and the total prize fund of 1000 USD monthly can become yours!

Schedule

 

  • Next round registration: Mar 27, 2012 22:00 - Apr 30, 2012 00:00 (GMT+2)
  • Next round duration: Apr 30, 2012 00:00 - May 26, 2012 00:00 (GMT+2)

 

ONLY 11 DAYS LEFT REGISTER NOW

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Real-time Live Quotes from OctaFX

 

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the current live quotes from OctaFX. All the quotes are updated in real-time. Please feel free to use them in educational and informational purposes. to see live quotes from OctaFX please visit http://www.octafx.com/markets/quotes/ or click here

* 1 point (pip) is calculated as:

For 5-digit pricing currency pairs - by 4th digit (0.0001);

For 3-digit pricing currency pairs - by 2nd digit (0.01).

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About OctaFX ECN Trading

What is ECN/STP trading?

It is a broker's business model (which, generally, creates the difference between brokers and "market makers"), in which clients' orders are sent directly to one or several liquidity providers to be executed on their end. There may be an unlimited number of liquidity providers (that is, banks, aggregators, other financial institutions). The more liquidity providers a broker has, the better is the execution for its clients (more liquidity available, less slippage). What makes a true STP broker — is that it doesn't internalize the orders, but sends them to liquidity providers, acting as an intermediary between the client and the real market.

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Do you have requotes?

No, we don't. Any broker who re-quotes your orders is definitely a dealing desk broker. A requote occurs whenever dealer on the other side of the trade sets an execution delay during which the price changes. Therefore he can't open your order and sends you a message that the price had changed. That is, a requote. You usually get a new price which can be significantly different from the one you requested (especially when the market is volatile). In most cases it's not profitable for the trader but quite profitable for the broker. OctaFX doesn't have any requotes simply because we don't have a dealing desk whether human or automatic .

Can I scalp? Do you allow news trading?

Yes, you can. Unlike the majority of brokers out there who either directly prohibit scalping or indirectly prevent scalpers from trading, we welcome scalpers. By this point, you are certainly wondering why. Dealing desk brokers hold the other side of your trades. That is, they expect the market to go in the opposite direction and you lose. Scalpers use very short orders, which means they stay in the market for a very short period of time, during which the market doesn't change its course.

The other problem for a dealing desk is that scalpers generate a huge number or requests at the same time (let's say during important news releases) which makes it hard for a dealing desk to handle them.

OctaFX passes all the trades to its liquidity provider and just receives its commission. Therefore we are interested in high volumes (the higher the volume — the higher is our commission we get), which are usually generated by scalpers.

How do I find out if my broker is a dealing desk?

There are a number of rules and regulations usually applied by dealing desks, such as:

A direct or indirect prohibition of scalping, news trading, other strategies

Fixed spread

So-called "guaranteed" stop orders

A possibility of requotes

If you meet any of these, your broker most certainly is a dealing desk. Dealing desks (or, so truly referred to as "market makers") in fact create their own markets for you with their own rules (described above). Needless to say these rules do not serve you; they are designed BY their creators and FOR their creators. NDD brokers such as OctaFX act as intermediaries between the trader and the real market, and receive strictly defined and transparent commission for it.

How do dealing desks earn?

In general, they do not offset your orders anywhere, rather they keep them inside. What you see in the charts is market maker's prices which may resemble the real ones, but in fact they are made up by the broker.

So in this case, if you buy, let's say, EURUSD at a certain price, the broker opens your order, but doesn't offset it, because he assumes EURUSD will go down. If it does, you lose your deposit, and broker takes it. Alternatively, if you win, the broker has to pay you with his own money. Of course any market maker will do everything to prevent you from winning. Whether legal or illegal, anything goes when it's about the money. That's where you will face requotes, spikes and so on.

How does OctaFX make money? Octafx needs profitable traders? WHY?

OctaFX receives a certain commission from its liquidity providers for each transaction. We add it as a markup to spreads you see in the charts .

We receive our liquidity from a wide range of liquidity providers around the world. Our system is designed to offer the best prices available at each moment to the clients. When you open a new order, you get the best available bid (or ask) price directly from the liquidity providers with our commission already included into it. Therefore we are interested that you trade more. And the best way to do so is to profit, not lose. This means we are interested that your trading goes as profitable as possible.

You have no requotes. WHY?

Putting it simply, we don't requote you because we have nothing to do with the quotes (i.e. the prices you see in your trading software). The order is filled when a price from one of our liquidity providers is available. It is important to understand, however, that we do not guarantee that your order will be filled exactly at the requested price; our system is setup to fill it by the next best price from another liquidity provider. But, again, your order will not be requoted, since we are more than interested in your profitable trading.

Can liquidity providers see my orders?

No, they can't. From their point of view they see only one customer, that is, OctaFX. You remain anonymous to them in all cases.

The chart went through my limit, but my order wasn't opened. What's going on?

It is a possible situation and it usually happens due to lack of liquidity at a certain period of time. Let's say a number of clients put sell limit orders prior to important news release with total volume of 1000 lots. When the news is released, it makes the market go up 50+ pips. So the chart hits the price of all these orders and it is requested to open a number of orders worth 1000 lots in total. It may happen that only 200 lots are available at the time from the liquidity providers at this price at this given time. In this case the first 200 lots out of 1000 will be filled, while the rest 800 will not be filled (no available liquidity) and will remain waiting until the price hits their level again.

Do you allow EAs?

Absolutely. Any EAs are welcomed.

Which spread is better, fixed or variable?

Variable is better because it is real. In the interbank market there is no such thing as fixed spread. Whenever a bank or any other financial institution wants to buy or sell currency, it sets required bid or ask. That is, the price they want at the moment. In real world the difference between Bid and Ask simply can't be fixed.

So every dealing desk broker offering fixed spreads has to manipulate prices to make spread fixed. In most cases these manipulations are against the trader.

Let's take your broker has 2 pips fixed spread on EURUSD. During daytime the spread is usually about 1 or 1.2 pips. That means you lose 0.8 pips in each single trade, and your dealing desk broker is happy.

On the other hand, the very same EURUSD spread can widen to 5-6 pips during important news releases (like NFP). If your broker wants to keep 2 pips fixed spreads, it will either pay 4 pips difference for you or requote you, because it doesn't want to pay. Most probably a requote will happen since dealing desk doesn't want to lose 4 pips.

What is slippage and why does it happen?

Slippage is a slight order opening price movement which is a result of the lack of liquidity (when it's already taken by other traders' orders). It may also happen during market gaps.

It is important to understand that we do not guarantee that your order will be filled exactly at the requested price; our system is setup to fill it by the next best price from another liquidity provider.

So during these news times it's possible that there will be no liquidity available at the price you requested. Let's say you want to open 5 lots Buy order, EUR/USD, price is 1.30000. Now, in this case we can see the following liquidity available:

Provider 1: price is 1.30010, 20 lots available

Provider 2: price is 1.30005, 5 lots available

Provider 3: price is 1.30000, 1 lot available

In this case your order will be offset with Provider 2, since he has the best price and enough liquidity to fill your order. And the open price will be 1.30050, which is 0.5. pips away from the price you requested. But, again, your order will not be requoted, since we are more than interested in your profitable trading.

Why don't you guarantee stop orders?

Again, in real market there is no such thing as "guaranteed stop", it is offered by dealing desks only. As stated above, market makers do not offset your orders anywhere, rather they keep them inside. So when your "guaranteed" stop loss is triggered, it means that your whole loss amount is already in the dealer's pocket.

In real market any stop order is considered as pending until its price is hit. After that the order is offset to a liquidity provider (which, again, may or may not involve slippage depending on the available liquidity). Therefore it's simply impossible to either "guarantee" or "hunt" your stop orders.

ONLY 5 DAYS LEFT REGISTER NOW

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OctaFX -Champion Demo Contest started!

 

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Dear traders!

We are happy to announce that Round 1 of OctaFX Champion Demo Contest has officially started today! From now on, over 500 strongest traders of the world will be competing for the amazing prizes of this contest, namely:

 

  • 1st prize gets 500 USD
  • 2st prize gets 300 USD
  • 3st prize gets 100 USD
  • The last place gets another 100 USD

 

The results and winners will be announced after May 26, 2012 00:00 (GMT+2).

 

OctaFX would like to sincerely wish good luck to everyone and let the strongest win his/her prize with OctaFX!

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OctaFX-Champion Demo Contest!

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Since the commencement of the Champion Demo Contest a lot of contestants showing there keen interest in it and currently our top contestant sambhu has piled up with $20 984.45 in few days.So, come and grab the opportunity and be the part of matchless traders.

 

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OctaFx - Octawelcome free 8 USD bonus

 

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OctaFX is offering 8 USD deposit bonus for any new account!

 

 

You can always visit the promotion page for the rules and details!

 

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OctaFX Champion Demo Contest: registration for Round 2 is up and running!

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Dear clients!

As the 1st round of OctaFX Champion Demo Contest goes on, everyday we see the battle of the traders from all around the world taking new twists and getting more and more intriguing!

You can take part in the contest! Registration for Round 2 of OctaFX Champion Demo Contest is up and running now. Please follow this link to join!

Hurry up to register and take part in the Round 2 of the amazing OctaFX Champion Demo Contest! It might be you who wins the prizes from OctaFX this time, namely:

 

  • 1st prize gets 500 USD
  • 2nd prize gets 300 USD
  • 3rd prize gets 100 USD
  • The last place gets another 100 USD

 

Round 2 of OctaFX Champion Demo Contest will be started on the 4th of June 2012. You can still register today and compete with the strongest traders from all around the world!

Good luck everyone and let the strongest win the contest! Register now and become OctaFX Champion!

https://my.octafx.com/open-account/contest/octafx-champion/' rel="external nofollow">

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OctaFx - Deposit and funds protection!

 

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How to deposit my account?

Please login to your Personal Area and click the payment system in the "Deposit my account" menu on the left. A wise wizard will guide you through the account deposit process.

Minimal deposit

Please note minimal deposit restrictions:

Micro Accounts: 5 USD

ECN accounts: 50 USD

Client funds protection

Our client's funds security is our top priority. With OctaFX you can be absolutely sure your deposits are secured in every possible way. Please read this statement regarding funds protection.

 

Way to Deposit my account

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OctaFX.Com -30% Deposit bonus

 

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OctaFX is all about making your trading experience convenient and outstanding, driving forex trading to a whole new level. Deposit your account and we will grant you 10% to 30% of your deposit for free! This is a perfect way to increase total amount of funds in your account. All you need to do is deposit your real account and verify it. Please carefully read the promotion rules below.

 

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  • Dennis#MD changed the title to Octafx - www.octafx.com

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