OctaFX is a trading platform that offers a variety of trading instruments, including binary options, commodities, and foreign exchange. It is also regulated by the Cyprus Securities and Exchange Commission (CySEC).
Regulated by Cyprus Securities and Exchange Commission
Currently, CySEC supervises more than 200 investment firms. It is also involved in working groups on national and international levels. CySEC has taken more measures to suspend licenses and is pursuing tougher fines. It is also bringing in a new structure to address consumer complaints.
CySEC is an independent public supervisory authority. It is governed by Law 73(I)/2009. It supervises the operation of the Stock Exchange, Collective Investment Schemes, and Licensed Investment Services Companies. It is also responsible for the CIF-Challenger Infrastructure Fund. CySEC is a member of the European Union’s financial harmonization law, MiFID.
CySEC has a five-member Board of Directors, consisting of a Chairman, a Vice-Chairman, two full-time members, and three additional non-executive members. The Board is appointed by the Council of Ministers. The Board has a statutory duty to protect investors and maintain a sound regulatory framework.
Low trading costs
Whether you are a beginner or an experienced trader, OctaFX is a trusted broker that offers a wide range of trading instruments and a low trading cost. OctaFX offers trading in more than 40 assets, including CFDs on four metals and four energies. OctaFX also provides market research, educational materials, and trading signals.
OctaFX offers trading through three trading platforms. The cTrader is a broker that provides algorithmic trading, while the MT5 and Micro accounts provide access to an array of tradable products.
The cTrader offers variable spreads, which start from 0 pips. The Micro account offers fixed spreads starting at 2 pips. OctaFX does not charge financing fees or an inactivity fee, so you are not stuck paying for a service you don’t use.
The MT5 account offers swap-free trading, which is a significant factor for leveraged traders. It also offers lower spreads than the MT4 account.
Whether you are a beginner trader or a seasoned investor, OctaFX is an international financial trading platform offering more than 35 FX pairs, along with 30+ Crypto pairs. With a trading platform that offers a choice of two live accounts, OctaFX allows you to trade with the platform that best suits your trading style.
OctaFX offers its clients a choice of two types of accounts: MT4 and cTrader. Each type of account differs in terms of the number of trading instruments offered, the spreads, and the number of additional trading commissions. However, there is one thing in common: OctaFX does not charge non-trading commissions.
OctaFX provides clients with a secure SSL protocol and uses 3D secure technology to process credit cards. In addition, OctaFX terminals use 128-bit encryption to protect your information. Moreover, OctaFX supports advanced charting and technical analysis.
Copy trading experience
Those who are new to the forex market can use the OctaFX copy trading service to learn more about the financial markets. Unlike conventional trading, copy trading allows beginners to learn how to trade by observing the trades of other professionals.
Copy trading is a popular passive income source for beginner traders. Unlike conventional trading, copy trading requires minimal initial expenses and is often very profitable. However, the risks involved with copy trading are high, and some strategies may fail.
OctaFX offers a user-friendly web and mobile platform for copy trading. This makes it easy to learn and manage your copy account. However, the platform does not offer social features, which can make copy trading less attractive to novice traders.
To begin, users must register to create an OctaFX account. They can also create an account using their Facebook or Google accounts. Afterward, they can choose which trading strategies they would like to copy. These strategies can include forex, crypto, and fiat currency pairs. The platform also offers technical analysis.
Using the latest in forex technology, OctaFX is well suited to keeping pace with the world’s most lucrative currencies. It’s a well-oiled machine with over 300,000 accounts and a hefty $4bn a day in cash on hand. They offer two passive profit options in addition to a full-service trading desk. In addition, they have a slew of other offerings to make your life easier. They also have a good selection of trading tools and support systems, ranging from forex brokers to trading platforms. They also have an impressive list of awards and accolades to boot, including the prestigious accolade of the Best Forex Trading Platform in the World. It’s not all bad news for the company, which has enjoyed a stellar year, with a new chief executive officer in place and a slew of new clients on the way.