Best Online Forex Brokers 2024

Octafx broker review: Is it a legit or scam forex broker?

 OctaFX is a Forex broker ECN, offering online Forex trading and stock trading。 It has an app available on both Google Play and the App Store, enabling users to trade popular assets on embedded trading platforms. OctaFX is regulated in Cyprus, making it a high-risk broker for forex and CFD trading. Customers have praised the brokerage for its real ECN-offset and minimising costs to the maximum.

octafx review

OctaFX is an ECN (electronic communications network) broker。, offering a basic, low-cost MetaTrader platform experience alongside its social copy-trading platform. It is excellent for advanced traders who require high leverage trading accounts and has no commissions or fixed fees, deriving its revenue from the spread on the various asset types it offers. OctaFX provides tight spreads, negative balance protection, ultra-fast order execution, zero slippage, and no requotes.

Octafx customer reviews

OctaFX has generally dissatisfied customers, with an overall Trust Score of 67 out of 99[1]. Customers have reported delayed withdrawals, robot customer service, and difficulty withdrawing profits[2][3]. OctaFX does respond to negative reviews in less than a month[4], but this does not appear to be enough to satisfy customers.

Octafx broker review

OctaFX offers a basic, low-cost MetaTrader platform experience alongside its social copy-trading platform。 It has made great strides with its pricing options for traders, but suffers from a limited range of tradeable instruments and a lack of variety in its educational content。 Customers generally have a negative opinion of OctaFX, with an overall consumer rating of 2.79 stars out of 5. The mobile apps run smoothly, with charts and current prices, but customers have reported difficulty withdrawing profits and robot customer service.

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