OctaFX.com, a newcomer that is relative the burgeoning brokerage industry scene, has currently made a title on their own in three quick years. Formed last year, OctaFX is registered in Saint Vincent as well as the Grenadines under permit quantity 19776 IBC 2011,
but its running center is run away from Jakarta, Indonesia. That is why, it offers centered on Asia as the market that is main it services clients in over 100 nations around the world. Licensing and regulation originates from its island’s authority that is regulatory the Financial Services Authority (FSA). Global regulation is in procedure, nevertheless the company complies with global standards to gain your trust. U.S. clients, regrettably, are maybe not accepted at the moment.
Whenever attempting to pick from the variety of available forex brokers, the road that is prudent to examine regulatory conformity also to note any significant awards or favorable reviews that your potential firm has earned. From the point of view of awards, OctaFX happens to be excellent. The Global Banking and Finance Review therefore the Forex Report Magazine, two online portals that provide informative and news that is independent the global banking and finance industry, recently respected OctaFX because the “Best ECN Broker in Asia - 2014” plus the “Best Broker Central Asia – 2014”, correspondingly. A full page that is separate the firm’s website is details no not as much as six honors garnered from 2012 through 2014.
The management team additionally elected to run as a STP (Straight Through Processing) ECN broker, thereby permitting spreads that are tight fast execution, no slippage, with no re-quotes because of its consumers. Trading options include major currency pairs, along with silver and gold. Their trading platforms begin using the extremely popular Metatrader4 series that is downloadable including mobile apps. Additionally they offer a “cTrader” group of platforms that supports capabilities that are additional present in MT4 modules. Promotional programs and competitions abound on an calendar that is ever-changing spark interest. Through the CEO down seriously to everyone on staff, “Perfectionism in its sense that is better, professionalism and goal-orientation is what distinguishes the OctaFX group.”
Features:
Why trade with OctaFX.com? The firm lists these reasons:
- Established in 2011 and headquartered in Saint Vincent additionally the Grenadines;
- Neighborhood regulation that is FSA licensing body;
- Six industry that is major gotten for services in 2012 through 2014;
- STP/ECN format ensures no slippage, no re-quotes, tight spreads, and fast execution;
- No trading room or desk that is working ECN environment trading against you;
- Four account types are provided, including Micro to Mini for novices, and to ECN for advanced traders;
- Client service reps work “24X5” on market days to fulfill your every significance of support;
- Metatrader4 versions available, as well as a “cTrader” platform containing enhancements that are additional
- High tech Network ensures security, great execution, reliability, and deep liquidity from international banking providers;
- ECN fixed spreads begin because low as 0.2 pips;
- Up to 1:500 leverage with micro-lots (0.01 size) readily available for everyone;
- Client deposits are always held in safe and accounts that are safe segregated through the firm’s operating capital;
- Scalping, hedging, trading on the news headlines, and EAs are allowed at OctaFX.
- The firm is often performing a contest or an advertising that is new the power of its consumers.
No slippage, and no re-quotes as a non-dealing desk STP/ECN broker, OctaFX can guarantee really tight spreads from 0.2 pips. Leverage as much as 500:1 is additionally provided, even on tiny lot that is micro.
Platform:
OctaFX provides two various trading platforms to use, each permitting limitless access from your desktop, laptop, or device that is mobile. First, OctaFX grants use of the MetaTrader series that is very popular of trading platforms. The MT4 set will support your android, iphone, or any WinMobile OS unit that is compliant. Next, the company additionally provides “cTrader”, what the organization states whilst the standard that is new forex trading. Access is comparable to MT4, including Apple compatibility, but you will find a couple of additional bells and whistles making it well worth your wile to check away on the demo that is free system. The technology that is latest in 128-bit SSL protection routines are used to encrypt all trading session and personal information, providing satisfaction from any unexpected compromise from the hacking community.
Deposits and Withdrawals:
Deposit and withdrawals are made through normal channels, like Bank Wire Transfers, Visa / MasterCard, Skrill (Moneybookers), and CashU, but other repayment that is domestic are also supported with brand new ones being added month-to-month. Your deposit may take USD or EUR, and the deposit that is minimal $5 for a Micro account stability. A withdrawal that is typical will be processed immediately with a confirming email after, so long as personal ID info is on file plus in order. International anti-money legislation that is laundering that each worldwide fx broker follow specific rules before any withdrawal request can be approved.
Beginner's and Support:
Customer support representatives in Jakarta, Indonesia are desperate to offer support in a number of languages. Day they can be accessed “24X5”, every single company. OctaFX notes that these reps handle over 2,000 inquiries every day and resolve inquiries in five minutes on average, a testament to their professional capability to respond in a fashion that is timely. E-mail, live talk, and toll-free phone lines provide access. The business also supplies market news, research, and a convenient economic calendar.
Summary:
OctaFX has already garnered lots of prestigious industry awards and favorable testimonials, a good foundation for selecting this relatively new entrant in the broker arena that is forex. They're also one of the brokers being few to share volume data online. For instance, on average, 500 new business, 50,000 profitable trades, and $4 billion in value traded happen on a basis that is daily. OctaFX additionally functions in full conformity with international legislation and regulatory standards, as well as oversight that is local. FXEmpire, a reputable forex site in London offered these terms of praise, “OctaFX have were able to conquer the hearts and minds of several for the work to their consumers and commitment which they placed into providing first class services with their clients. For people who are looking for a dependable and forex that is efficient, OctaFX certainly comes recommended.
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