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Congratulations on Ramadan 2016 from OctaFX



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Dear traders!

OctaFX wants to congratulate all Islamic traders with Ramadan – the holiest and long-awaited holiday in the Muslim calendar. Ramadan is a time for spiritual reflection and self-devotion. It is one of the most important days of the year for Muslims.

OctaFX wishes the spirit of Ramadan fills your days with happiness and love.

May Allah, the almighty, enlighten you and bless you with peace and grace. This divine holiday will bring happiness to your home and lead you to the right path. Be respectful and thankful for everything! And may this Ramadan remind you to forgive and forget.

May the Spirit of Ramadan stay in your heart and illuminate your life!

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EUR/USD rises to session high, still stuck in range below 1.1400



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As the US Dollar, measured by the US Dollar index, continues to lose ground on Wednesday, the EUR/USD pair rose to a session high level of 1.1388 before retracing few pips to currently trade at 1.1380.

Dismal US jobs date for May continues to weigh on the US Dollar as investors now seems to evaluate the timing of next Fed rate-hike decision. The US economic calendar has nothing to offer on Wednesday and hence, a major chunk of investors are likely to remain on the sidelines ahead of the much awaited FOMC meeting on June 14-15.

The only release from the US docket will be the official EIA weekly crude oil inventories report that could further boost risk-on sentiment that has been driving European equities and crude oil prices higher.

Technical outlook

Valeria Bednarik, Chief Analyst at FXStreet notes, "as in the 4 hours chart, the Momentum indicator has finally erased the extreme readings achieved by the end of last week, and is now flat around its 100 level, whilst the RSI indicator consolidates near overbought readings, and the 20 SMA has approached the current level, maintaining a strong upward slope."

"The immediate resistance is 1.1395, this week high, followed by 1.1420 and the mentioned 1.1460, while below 1.1325, the pair can correct lower down to 1.1280, where selling interest should contain the slide."

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The first prize in Round 51 of OctaFX Champion demo contest became an anniversary gift



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Another Round of OctaFX Champion demo contest is over and we are happy to announce the winners! Here they are:

  • 1st place with the award of 500 USD goes to Mr. Alexander Lukyanchikov from Ukraine
  • 2nd place with the award of 300 USD goes to Mr. Zainal Abidin from Indonesia
  • 3rd place with the award of 100 USD goes to Ms. Zunairoh Zunairoh from Indonesia
  • The last runner in the contest, Mr. Alfredo Martinez Martinez from Spain is granted 100 USD



What strategy to choose? Is it a bad idea to put all eggs in one basket? Should you choose a single currency pair or to trade with a few of them? Can an old dog learn new tricks? Is the risk inevitable in Forex? If you are ready to get the answers to these questions, read the success stories of our winners:

1st place - Mr. Alexander Lukyanchikov from Ukraine

Thank you for congratulations! I’m happy to share my contest experience. Have you seen my avatar? I’ve been using it for a few years. It shows the goal that I was pursuing: at the beginning, I was looking in the mirror; now I’m looking out of it. I achieved one of my life goals and I’m happy. On July, 2nd, I’ll turn 65. Thanks to OctaFX, I made myself an anniversary gift. Judge for yourself: my Ukrainian pension equals to $51 a month. It’s a bit more than $600 a year.

I’ve been trading for 8 years and now I’m sure that choosing one currency pair is much better than watching a few pairs’ trends. If you work with just one currency pair, all your funds are localized, it’s easier to manage and control them. However, it may conflict with the idea not to put all eggs in one basket. My strategy is not that good with the sideways trend, but it was perfect with the May AUDUSD trend. In the second part of the contest I started making mistakes, so I tried hedging, and when I realized what my mistake were and I got profits.

I don’t spend all my time using this strategy: when I can’t predict the further movement, I wait for a couple of days to see the trend clearer.

The key factor of my success can be perfectly described by a quote by Mark Douglas:

“When asked for their secrets of success, they categorically state that they didn't achieve any measure of consistency in accumulating wealth from trading until they learned self-discipline, emotional control, and the ability to change their minds to flow with the markets. First, I want to point out that self-discipline, emotional control, and learning to change one's mind after making a commitment are all psychological issues that have nothing to do with news services, advisory services, new exchanges, or technical or fundamental trading systems - computerized or not. Second, from my trading experiences, observations, and research, I have discovered that all traders - both winners and losers - seem to share some very common experiences. Either in the beginning or at some point early in their trading career, all traders experience confusion, frustration, anxiety, and the pain of failure. The few-traders who pass through this phase to accumulate wealth are those who eventually confront and work through some very difficult psychological issues about what it means to be a trader, and this process of realization and change normally takes several years, even for the best of them. … There is some element of truth to the saying that you can't teach an old dog new tricks, except that it should really read "An old dog won't learn new tricks". It's not that it is impossible for someone regardless of their age to learn something new; the issue isn't ability.”

2nd place - Mr. Zainal Abidin from Indonesia

I am very glad to get second place this time, all my efforts paid off! Time that I use to trade is around 3-4 hours per day. I try to be as disciplined as I can without to much greed. That's the key to my success. And the strategy that I use is SR and MM. I've been trading for about 2-3 years and I am determined to improve my ability to be better. Thank you, OctaFX, for already appreciating my trading skills!

3rd place - Ms. Zunairoh Zunairoh from Indonesia

I’m happy like never before! It’s great to become one of the winners. I didn’t spend too much time trading but, anyway, I was deeply involved. Now I’ll take a short break and won’t trade for some time not to dull the edge of the winner’s pleasure. Then, I will surely go on competing again. I firmly believe that it’s experience that teaches us to be better and to do better. Preferably, 3 years or more - that’s enough to become quite a pro in trading. Experience and patience are the key elements in successful trading. As far as my experience says, the existing Forex data doesn’t necessarily affect the chart, so my advice is not to believe the data blindly. This strategy has always helped me, especially when I got 100 pips in a single transaction.

The last runner in the contest - Mr. Alfredo Martinez Martinez from Spain

I plan to considerably improve my performance in the next round of the contest. I learn a lot when I trade, so this time I learned that it’s rather dangerous to trade with the high leverage, especially if it’s all about the highly volatile assets. Anyways, to win the contest, you have to accept this risk, and risk means losses but also higher gain. Very large gains are needed to qualify for any prize position in the contest.

I didn’t use stop loss this time in hope that the asset would spin in my favor, but the trend was the opposite. As the leverage was very high, it was really quick. This is a contest, so I didn’t lose any real money; I became the last runner which is not so bad considering the prize. So this contest, is anyway, worth accepting the risk. No risk - no gain.

During the contest, I was continuously monitoring the market with periodic checks (every 3-4 hours). At first I got very good yields, but at the end of the first week my balance turned negative. However, my most successful operation was Buy with EURCAD. My favorite tools were Crossing Moving Averages and Awesome Oscillator.

I guess time is different for each person and their circumstances, but I’ve been trading for two and a half years trying many things, and I think I'm close to being a good trader. Now what I need to do is to trade for some time on a demo account just for the sake of practice.

Feeling inspired? Register in the upcoming round and become one of OctaFX Champions!

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Saints Foundation score at Saint Mary's stadium with the help of OctaFX



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Football is a big part of our society and is world-recognised as a universal sport in many countries. It educates and inspires people of all ages, brings people and communities together.

OctaFX, in conjunction with the Saints Foundation, Southampton FC kindly donated pitch playing time for a lucky group from the Fustal programme. We are helping to enable young people to gain an education while playing the sport.

The Saints Foundation’s Futsal and Education Scholarship was created in 2011 and started with 16 scholars. The course now has 76 full-time scholars, including the club’s first ever girls’ team who are currently fourth in the league.

OctaFX has recently helped facilitate the opportunity for a group of young people to play within Saint Mary's stadium. An experience such as this has given these young people a much deserved reward and morale boost for all their hard work, during their past 2-years of study. On the day, a great game was played by both teams and the players enjoyed the event immensely.
 
This combination of studying and playing sport has proved incredibly successful, with former students now undertaking football scholarships in the US, university study in the UK, and work opportunities with the Saints Foundation itself.

Many students from the group that played have been accepted to universities. The group who play at Saint Mary's stadium on this day were also crowned FLT Fustal League 3 and League 4 National Champions as well as League 2 runners up.

As the scholars come to the end of the year they will be working hard to complete their studies before they go to compete in the FLT Futsal National Finals for the last time.  

OctaFX is proud to be associated with the Saints Foundation as they are encouraging the youth of today to aspire through sports education, ensuring a brighter future.

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OctaFX: changes in trading conditions for the June 23rd Brexit vote.



The “Brexit” vote, taking place on the 23rd of June this year, on whether or not there should be a British exit from the EU, is an important day to be aware of for OctaFX customers.

OctaFX is responding to the increasing probability that there could be some changes in the currency markets, therefore, OctaFX will update its trading conditions.

Due to the Brexit vote, OctaFX will increase margin requirements on all pairs, that include British pound (GBP) and the Euro (EUR), starting from June 23rd until June 27th. The margin requirements are going to be increased to 1 per cent on the GBP pairs (1:100) and to 0.5 per cent on the EUR pairs (1:200). On the day of the referendum, June 23rd, margin requirements on the British pound pairs can be increased to 2% (1:50).

This vote is something that traders and markets cannot ignore.

Also, please be aware that there are always potential risks, OctaFX would like you to make you aware that the requirements can be changed depending on market volatility.

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OctaFX helps disabled sail in Bali



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At OctaFX, we are happy to support sports education and foundations, that help make a difference to the lives of people with disabilities.

That’s why we, at OctaFX, are proud to call ourselves a socially responsible company that offers support to disabled people. One such foundation that we aid is the Bali Sports Foundation (BSF), that helps disabled sportsmen in Bali and East Indonesia partake in various sports. We support 3 sports, on behalf of the BSF:

  • Wheelchair Basketball
  • Wheelchair Rugby
  • Disabled Sailing

Through our time and effort of volunteering for the BSF, we are very happy to announce the recent purchase and donation of a Hansa 303 para sail boat worth $10,000, for the BSF sailing programme.  This sail boat will enable many disabled people, in the region, to develop skills that otherwise would be hard to attain.

The BSF helps improve the lives of many people living with disabilities in Bali and East Indonesia. The BSF focus on disabled, special needs and adaptive sports. The foundation runs many programmes for autistic, cerebral palsy, blind, deaf mute and amputee youths. Parasailing is just one of the many sports run by the BSF for disabled people.

The foundation endeavours to make sporting provisions for the disabled and bring together the Indonesian Ministry of Health, Ministry of Youth and Sports, Ministry of Education along with national sports federations and the Paralympic committee, to provide opportunities for disabled sportsmen and women.

The parasailing boat is currently being used within the BSF and will be seen in action in the up and coming Bali International Disabled Sailing Regattas on September 8th – 12th September 2016.

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How to start trading in 4 easy steps



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  1. Register with OctaFX by opening an account.
    Having an account allows you to access your personal area on our website and to trade with OctaFX. Once registered, please check your email to find out your personal area login details and trading account credentials.
    Personal area login details will allow you to manage your funds, get bonuses and take part in our promotions, while trading account credentials are used to access trading platform.  
  2. Make a deposit.
    Login to your Personal area to make a deposit. At OctaFX you can start trading with a minimum of $5 although the initial deposit can be higher. According to Risk Management strategy, the more funds you have, the less risks you are exposing yourself to on a particular trade.
    We don’t charge any commissions on your deposit and our withdrawal systems work efficiently to help you withdraw your profits.
  3. Sign in to the web based platform.
    The web based platform requires no installation and allows you trade from any device anytime. To sign in, click File->Login, enter your account number into “Login” box, along with your trader password that was sent to your email address into the “Password” box and select OctaFX-Real, if you sign in with a real account. Alternatively, you can trade from your desktop, iOS or Android device.
  4. Click “Buy” or “Sell”
    The web based platform requires no installation and allows you trade from any device anytime. To sign in, click File->Login, enter your account number into “Login” box, along with your trader password that was sent to your email address into the “Password” box and select OctaFX-Real, if you sign in with a real account. Alternatively, you can trade from your desktop, iOS or Android device.



Want to know more? Visit our education section!

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OctaFX demonstrates reliability during Brexit vote market turmoil



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OctaFX would like to let you know that company’s financial position has not been negatively affected due to today’s market volatility caused by Britain’s decision to leave the EU.

Both outcomes of the referendum were carefully studied by our experts, therefore high volatility came as expected. In order to prevent any additional risks occurrence we have taken measures to protect our clients’ interests in advance, increasing margin requirements.

OctaFX remains fully reliable and solvent facing significant market moves caused by Brexit. Thanks to the advanced risk management procedures and extensive experience in operating under volatile market conditions OctaFX has managed to minimise the risks associated with the event.

In case you have any questions, don’t hesitate to contact our award-winning Customer Support: [email protected]

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Independence Day Trading Schedule Update



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OctaFX would like to inform you of the changes in the trading hours of XAU/USD and XAG/USD pairs only, on Independence Day, July 4th.

Trading closes Monday, July 4th, 2016 at 20:00 (EET, Server time) and re-opens Tuesday, July 5th, 2016 at 01:00 (EET, Server time).

Please, consider the fact that any open trades upon closure of trading hours will be rolled into the next day.

We would like to apologize for any inconvenience caused. Please, contact our Customers Support in case you have any questions. If any failures occur, please report immediately to [email protected]
 
Thank you for choosing OctaFX as your top-notch Forex Broker!

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Changed trading conditions return to normal



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OctaFX has reverted trading conditions that were changed due to the Brexit referendum back to normal.

Trading conditions are returned to normal levels, this included margin requirements on all pairs containing the British pound (GBP) and the Euro (EUR), as from Tuesday 28th of June 2016 at 00:01, Server time (EEST).

OctaFX will continue to monitor the situation during this period. Also, please be advised that we may change trading conditions in case of higher market volatility.

Please be aware that market volatility can create trading opportunities that may come with higher risk levels, consequently, we would ask our clients to trade responsibly and remain updated about market conditions.

In case you have any questions, please do not hesitate to contact our award-winning Customer Support, available Monday - Friday, 24/5,  by email [email protected]

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Congratulations on Eid-Al-Fitr 2016, from OctaFX



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OctaFX offer congratulations and well-done to our customers, who have successfully completed Ramadan.

We would further like to wish those who are celebrating, a Happy Eid and hope this year’s festival is filled with happiness.

Eid Mubarak!
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Round 52 of OctaFX Champion demo contest: time to know the winners!

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The results of Round 52 of OctaFX Champion demo contest are here, so let’s meet some and congratulate our recent winners who shared the prize fund of $1000. They were happy to share their keys to success and secret techniques. Let’s welcome these traders:

  • 1st place with the award of 500 USD goes to Ms. Nur Maid from Indonesia.
  • 2nd place with the award of 300 USD goes to Ms. Nur Hasyim from Indonesia.

Do you want to learn how to trade so that you keep winning? Just read these success tips from our best traders!

How to win if you take part in the contest for the first time? Should you follow the news or the instincts? Should you trade during high volatility times? Learn the answers from the success stories of OctaFX champions:

1st place: Ms. Nur Maid from Indonesia
Thank you for your kind wishes! I am very happy to be in the first position this time, because of the efforts that I've done so far, finally bearing fruit! I trade every day and also will try another contests.

The key to my success is patience and the strategy that I used is SnD and good MM. I have been trading for the past 6 years and I am determined to improve my ability to be better. Thanks to OctaFX who have appreciated my trading skill!

2nd place: Ms. Nur Hasyim from Indonesia
I´m very proud and happy. I didn't spend a lot of time doing this. I will participate in future contests and other promotions while continuing to learn and how to trade, probably because I've been using MM wisely.

The strategy I used is reading the area of supply and demand, therefore I could predict where the market will move. Could I win the contest - no, because I only use the little money I have, to learn about trading. Traders need to learn to be patient.

Are you ready to try the OctaFX Champion demo contest yourself? It just takes a few moments to join our fantastic contest. Just register here and accept the challenge!

Join the OctaFX Champion Demo contest to have a chance to win!

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Introduction of Metatrader 5 Trading platform demo mode

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The new MetaTrader 5 trading platform is designed to offer practice at brokerage services to customers in Forex, CFDs and Futures, along with equity markets. That's why we would like to announce that we are offering this version of demo trading along with our established demo accounts, for our customers.

Demo accounts allow the opportunity to work in a training mode without real money, allowing users to test a trading strategy. They offer all the same functionality as the live ones. The difference is that demo accounts can be opened without any investment and, therefore, a user does not profit from them.

It is a powerful demo platform for Forex and Exchange markets. With this platform, it offers the best demo trading platform, thus enabling you to practice execution of trades.

The MetaTrader 5 application features netting and hedging systems, 31 technical indicators, 23 analytical objects, one-click-trading and the entire set of trading orders. The program interface has been translated into 41 languages making it a truly international platform for web traders around the world!

Millions of users from around the world have chosen MetaTrader 5 demo trading as it allows you to enjoy the independence of practice without any risks.

The application is a mixture of the key advantages of the desktop platform with the handiness of the cross-platform nature of the web terminal. MetaTrader 5 can be applied to the following:

  • MetaTrader 5 demo for PCs, smartphones, and tablets or launch the web platform - Rich trading functionality with fundamental and technical market analysis.
  • MetaTrader 5 demo for iPhone and iPad - Over a million users of Apple devices have already downloaded MT5 demo mobile to practice trading Forex, Stock and other securities.   
  • MetaTrader 5 for Web Trading - Allows you to practice trading on the Forex and exchange markets from any browser and operating system.
  • MetaTrader 5 for Android - Download MetaTrader 5 demo on your Android OS smartphone or tablet.


Successful practice trading on financial markets begins with a comfortable and multi-functional demo trading platform.

 

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Local banks deposits are now available for our Indian clients

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We are happy to announce a deposit option that has been highly requested by our Indian customers. We’ve recently launched Indian local bank deposits and you are free to deposit and withdraw your funds easily using the following banks:

  • AXIS
  • HDFC

Here is a detailed instruction how to deposit to your account:

  1. Open a real OctaFX account or Log in to your personal area.
  2. Choose Indian banks in the “Deposit my account” section.
  3. Choose “Wire the funds” and find OctaFX bank details.
  4. Make a transfer to OctaFX bank account. The minimum deposit amount is 500 Indian rupees
  5. Press the “Notice after transfer” button.
  6. Create the “Notice” and specify the amount of the deposit, your payment method, time of payment and your bank name.
  7. Press the blue “Request” button.
  8. Wait until the request is processed.
  9. Done, your account is credited!

We offer the best exchange rates as per central bank. We would like to remind you that we charge no commissions! The minimum deposit amount is only 500 Indian rupees.

In case you have any questions, please don’t hesitate to contact us.

Thank you for trading with OctaFX!

 

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EUR/USD extending gains, now aims to reclaim 1.1200 handle

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US Dollar weakness remained a key theme in the FX market on Wednesday, with the EUR/USD pair extending its gains to currently trade around session high near 1.1175 region.

After dipping below 200-day SMA on Tuesday, the pair recovered sharply as disappointing US labor productivity now seems have dented prospects of an eventual Fed rate-hike in 2016 and weighing heavily on the greenback.

In absence of any important economic releases, broader sentiment surrounding the US Dollar would continue to drive the major until Friday's release of monthly retail sales data from the US. In the meantime, RBNZ monetary policy decision on Thursday might trigger some volatility in the markets and eventually provide some immediate momentum play.

From technical perspective, the pair's rebound from 200-day SMA region has lifted it beyond 1.1150 region (50-day SMA) and is also sustaining the strength at higher levels. Hence, only a turnaround in sentiment would hinder the pair's ongoing upward trajectory.

Technical levels to watch

From current levels, the momentum seems to lift the pair towards 1.1200 handle, which could further get extended towards its next major resistance at 100-day SMA near 1.1230 region. On the flip side, 50-day SMA resistance break-point near 1.1150 now become immediate support to defend, below which the pair could drop to 1.1110-1.1100 support area before heading back towards the very important 200-day SMA support near 1.1080-75 region.

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Round 53 of OctaFX Champion demo contest: time to know the winners!



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The results of Round 53 of the OctaFX Champion demo contest are out, so let's meet and congratulate our recent winners who shared the prize fund of $1000. They were happy to give us their insights into their trading methods and successes.
 
● 1st place with the award of 500 USD goes to Mr. Indra Sakti Laksana from Indonesia.
● 2nd place with the award of 300 USD goes to Mr. Ibnu Hajar from Indonesia.
● 3rd place with the award of 100 USD goes to Mr. Budiman from Indonesia
● The last place is Ms. Insana from Indonesia who has won 100 USD

To gain some more insight and tips -  just read the following interviews from our successful traders!

1st place: Mr. Indra Sakti Laksana from Indonesia

I am very happy to be a winner with OctaFX. I do not spend a lot of time trading, but it takes a lot of concentration to keep up with all the participants. I will take part in every contest whenever possible to practice and focus more. Within trading I use a combination of various analyses of the current price conditions. I have not experienced anything spectacular but it depends on the individual trader.

2nd place: Mr. Ibnu Hajar from Indonesia

I am very happy to be involved in the contest although I did not spend much time trading.
In the coming months I want to improve my trading knowledge and experience. My plan is to take part in the contest more often after my recent success to improve my chances of winning. Being disciplined in money management is important to trade well.  My advice to help you trade better is that you need to see the bigger trading picture. I did not use many techniques, just the Bollinger Bands (BB). It has taken me approximately two years to develop a good understanding of the best strategies.

Bollinger Bands - this is a member of the “Trend” family of technical indicators within Forex trading. Traders use the bands to anticipate increases or decreases in volatility that can signal trend changes.

Last place: Ms. Insana from Indonesia

My plan is to do better in order to achieve better results. This experience has been a lesson for my trading skills. I normally do not spend a lot of time trading as I do it in my spare time. My most successful trade has been a profit of $1159.20. I used BBMA or Bollinger Bands (BB) when I traded recently. To be a good trader and knowledgeable, takes approximately two years I think.

It just takes a few moments to join our fantastic contest. Just register here and accept the challenge to be in with a chance to win!

Join the OctaFX Champion Demo contest today!

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EUR/USD consolidates the vertical rise ahead of US data

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The EUR/USD pair is currently consolidating the vertical rise witnessed last hours, with the bulls keeping range in the upper bound of 1.12 handle, as focus now shifts to the US dataflow due ahead of the US open.

EUR/USD at post-Brexit highs

Currently, EUR/USD rallies +0.77% to 1.1269, having posted fresh eight-week highs at 1.1277 post-European open. The main currency pair remains heavily bid, although fails several attempts to take on the recovery further towards 1.13 handle, as the bulls turn nervous heading into the much-awaited US CPI report due later in NA session.

However, the bid tone behind the EUR/USD pair remains intact as the US dollar suffers steep losses, largely on the back of repositioning ahead of the key risk events from the US dockets, viz., CPI, industrial output, housing starts, building permits and capacity utilization rate. The USD index meanders near fresh two-month lows of 94.73, recording a 0.82% loss on the day.

Calendar-wise, we had the ZEW surveys from Germany as well as the Eurozone, with the German headline ZEW economic sentiment coming in stronger at 0.5 in August as compared to July’s -6.8 points, however, missed markets’ expectations of a 2.0 reading.

EUR/USD Technical Levels             

In terms of technicals, the pair finds the immediate resistance 1.1277 (2-month highs). A break beyond the last, doors will open for a test of 1.1300 (psychological levels). On the flip side, the immediate support is placed at 1.1204 (100--DMA) below which 1.1183 (5-DMA) could be tested.

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  • 2 weeks later...

Industry’s best Islamic accounts

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OctaFX is proud to be awarded the Best Islamic account Forex Broker title by Forextraders.com!

OctaFX Islamic account is a unique offer designed exclusively for Muslim traders. Islamic account has no swap applied during a rollover but a fixed fee instead. This fee is not an interest and primarily depends on the direction of your position. You can calculate the commission for your particular trade using the tool on our website.

We care about our customers and we do our best to make their trading experience easy and convenient.

Open an award-winning Islamic account with OctaFX today!

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50% deposit bonus for cTrader real accounts is now available

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With the success and popularity of our promotion for users of MT4, we are now introducing it to cTrader users. OctaFX is all about driving Forex trading to new levels and we are proud to announce a 50% deposit bonus for cTrader users!

Enjoy trading and add half of your deposit as a bonus! Simply deposit funds to your account and you can choose what bonus you want to have - between 10% to 50% of your deposit. It is the perfect chance to increase your account free margin and potentially gain more profit.
Any user, whether new or existing, can enjoy the benefits of the offer. You can also choose to receive bonuses automatically via your Personal Area, every time you deposit to your account.

To receive this exclusive offer simply:

  1. Register an account with OctaFX
  2. Deposit funds to your account with no commissions
  3. Get bonus

You can get bonus upon each of your deposits and it is withdrawable, please see rules.

OctaFX reserves the right to change, update or cancel this promotion with notification in the Company news.

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  • 2 weeks later...

OctaFX Security

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Our client's funds security is our top priority. With OctaFX you can be absolutely sure your deposits are secured in every possible way. Here are some of the measures we take to ensure funds protection:

SSL-protected Personal Area
We use highly secure technology to protect your personal data and financial transactions. SSL-secured Personal Area is protected with 128-bit encryption, which makes your browsing safe and your data inaccessible to any third parties.

Account verification
OctaFX recommends you to verify your account by submitting your personal ID scan and an address proof. This simple measure will make sure your transactions are authorized and secured.

Secure withdrawal rules
Since a withdrawal from a live account requires an email confirmation, no one can ever access your account but yourself. It is also required that you use the same payment details for deposits and withdrawals. Thus, under no circumstances can OctaFX transfer your withdrawal to an unauthorized third party.

3D secure Visa/Mastercard authorization
We apply 3D secure technology when processing credit and debit cards. This technology makes all Visa/Mastercard transactions transparent and safe.

Advanced protection
The OctaFX technical environment is monitored 24/7 by a dedicated team of highly professional security engineers and technical specialists. They have developed and maintain top level protection, so any data loss, damage or other technical issues are highly unlikely.

OctaFX: your top-notch broker. Join today!

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  • 2 weeks later...

Round 51 of cTrader Weekly demo contest from OctaFX

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OctaFX is pleased to announce the new cTrader Weekly demo contest results. This time, the prize fund of $400 is shared between some of our dedicated cTrader demo contestants.

Let’s welcome our traders who share the weekly prize fund of $400:

  • 1st place with the award of $150 goes to Mr. Rasyid Annafi Khalilullah from Indonesia.
  • 2nd place with the award of $100 goes to Mr. Gidione Pereira Aguiar from Brazil.
  • 3rd place with the award of $75 goes to Mr. Umar Mustafa Harahap from Indonesia.
  • 4th place with the award of $50 goes to  Mr. Wilson from US Virgin Islands.
  • 5th place with the award of $25 goes to  Mr. Rizwan Ali from Pakistan.


The great advantage of OctaFX cTrader Weekly demo contest is that no risk of loss is involved and no investments are required to win. This contest is an ideal way for both new and existing customers who want to test their trading skills or who are starting out in the Forex market.

Using the cTrader platform cannot be any easier. If you’ve never traded on cTrader platform before, it’s now your time to test its unique features:

  • Mobile trading (mobile browser or iOS/Android app)
  • Direct Market Access brokerage capabilities
  • Reversing/doubling position in one click
  • Closing all open positions in one click
  • Creating and sharing screenshots automatically
  • Algorithmic trading with cAlgo
  • Full-size tick chart


It is very easy to take part in our contest, just open a demo account to participate in the next cTrader Weekly demo contest round!

After you have finished practicing with our cTrader Weekly demo accounts, why not take advantage of our great promotion: open a cTrader real account and get a 50% deposit bonus!

OctaFX cTrader Weekly demo contest: demo trading, real experience!

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OctaFX launches MT5

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OctaFX has yet again expanded its offering to ensure it provides the best trading conditions in the industry – this time enabling users to trade on the MT5 trading platform. OctaFX provides unrivalled low spreads and commission-free trading on both MT4 and MT5 platforms.

MT5 sports a new user interface enabling users to chart assets at 21 different timeframes and have up to 100 different currency charts open at any given time.

Key new MT5 features include enabling traders to:

  • Open positions in one click right from the Market Watch window
  • Analyse trends and recognise patterns with over 80 built-in indicators
  • Backtest and optimise EAs in an advanced Strategy Tester
  • Keep updated with the upcoming news releases with the built-in Economic Calendar
  • Place two new types of pending orders - Buy Stop Limit and Sell Stop Limit orders
  • Hedge, opening multiple trades for the same symbol including in opposing directions

Enhancing its user offering still further, OctaFX will shortly be announcing revamped account types and conditions. MT5 will be packaged with OctaFX's new Pro Account.  Look out for more information on OctaFX's Company News page.

To open a new MT5 Pro account Click here.  Go to the downloads page to choose the MT5 version that suits you best. MT5 is available for PC, iOS, Android and you can also trade from your browser.

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Round 52 of cTrader Weekly demo contest: winners announced!

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Another week is over, and so is the latest cTrader Weekly demo contest Round 52 which means another $400 have been reserved for the most skilful competitors. This time, the best of the best were:

  • 1st place with the award of $150 goes to Mr. Muhammad Usman from Pakistan.
  • 2nd place with the award of $100 goes to Mr. Mohamed lamine Zaamta from Algeria.
  • 3rd place with the award of $75 goes to Ms. Umu Hikmatin, Se.MM from Indonesia.
  • 4th place with the award of $50 goes to  Mr. Rizwan Ali from Pakistan.
  • 5th place with the award of $25 goes to  Mr. Imam Pamungkas from Indonesia.


Want to join the winners list next time? There is no easier way to test your trading skills and to win in a no-risk environment than to join OctaFX cTrader Weekly demo contest. No funds are required to participate: the competition is held on cTrader demo platform. If you’ve never tried it before, here are a few points to catch your interest:

  • Level II Pricing: a full range of prices directly from liquidity providers;
  • Templates: create and save chart templates to use later;
  • Advanced Chart Trading: simply click-and-drag to trade;
  • Mobile and Web trading;
  • Automatic screenshots;
  • Algorithmic trading with cAlgo;
  • ...and many more!


Ready to try and compete? Then open a demo account to take part in the upcoming round of  cTrader Weekly demo contest and make sure to do your best!

OctaFX cTrader Weekly demo contest: compete and win!

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OctaFX delights traders with new accounts offering

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OctaFX, the forex broker renowned for offering the lowest spreads in the industry, today announced a complete revamp of its trading accounts and conditions. In its bid to constantly respond to customer requests and improve trading performance, OctaFX has further enhanced conditions on both MT4 and cTrader accounts as well as launching a brand new MT5 Pro Account.

OctaFX’s new Pro Account is designed to suit traders who wish to take advantage of the benefits of the new MT5 platform. MT5 offers numerous new features including an enhanced new user interface, the ability to hedge, opening multiple trades for the same symbol including in opposing directions, and the ability to place Buy Stop Limit and Sell Stop Limit orders, to name but a few.

In addition to enabling trading on MT5, OctaFX’s new Pro Account provides users with even lower floating spreads, starting from 0.2 pips. And for those interested in additional currency pairs, indices (Nikkei 225, Nasdaq 100 S&P 500 Dow Jones 30), precious metals or crude oil, a total of 44 instruments are now included. The Pro account is commission-free and the combination of a minimal volume limit of 0.01 lot, 1:200 leverage and advanced MT5 analysis tools enables traders to adapt their strategy to any market conditions.

OctaFX has combined the best features of their old Micro and ECN accounts into their newly enhanced MT4 Micro account. These include spreads starting from 0.4 pips, a minimal volume of 0.01 lot and 1:500 leverage. The number of trading instruments available with the MT4 Micro account has been increased to include 28 currency pairs as well as gold and silver. New MT4 ECN accounts are no longer available but existing users of old account types (MT4 or cTrader) can continue to use their old accounts for trading.

Traders interested in direct market access are now able to select OctaFX’s revamped cTrader ECN account. This account features raw spreads from 0.0 pips, competitive commissions and 35 currency pairs along with gold and silver and level II quotes.   

“We have listened attentively to our customers and developed a suite of accounts designed not only to cater to almost all our traders’ needs, but also to provide industry-leading trading conditions,” said an OctaFX spokesperson. “We have built a reputation of putting our customers first and we are thrilled to be able to once again delight traders on OctaFX.com with unrivalled trading conditions.”

Here is what some OctaFX customers are saying:

I love the Pro account! It has extremely low spreads, includes more instruments and it’s much more interesting to have CFD and Energies in the OctaFX platform.

Muhammad Hafizul Abdul Rashid

I love the spreads. I do notice there is platinum and palladium on there and 1:200 is good leverage, I think it is safe… This pro account has indices, OctaFX has never offered those before. I'm very happy.

Maxim Ferberov

To find out more about OctaFX accounts or if you would like to open a new OctaFX MT5 Pro, MT4 Micro or cTrader ECN account, please click here.

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

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