OctaFX Reviews

Summary: Overall, I haven’t yet gathered much information about the broker.
It looks good, with some cool benefits in costs, like swap free and no commissions. More than good-looking appearance, I like paying less🤭

Positive: I don’t follow wise thoughts of not judging the book by its cover. Doing the opposite😁 Most of all, I liked Octa, because of its convenient and pleasant eye interface.

Negative: I haven’t yet created a real account, but used MT5 before, knowing how hard it is to get used to this platform. Glad that they have their own custom platform.

Summary: Frankly speaking, after making lots of profit with the AI chart feature, I trust Octa broker 200% and I think we will have great cooperation for years.

Positive: Let me tell you something about the Octa broker and their AI chart feature. Recently they added the AI tool into the platform and you can’t even fathom how much noise there has been in the trading community. This tool can spot various technical patterns and you don’t need to waste time on manual technical analysis.

Negative: Not gonna lie, it took some time to understand how exactly it works, they should have published a guide instruction on how to use it in practice.

Summary: It has been designed in a way that is easy to use, the free trial is also a great learning experience and I'd recommend to anyone.

Positive: Thsi platform provides Improved charting tools, Multiple trading assets and account types based on your trading preferences

Negative: The cost of trading here is quite steep might be a discouragement for new or beginners

Summary: I’ve used it for a while and find it okay, the software design is really nice, pleasant and easy to familiarizing with. I'd easily recommend this as a reliable and safe platform.

Positive: Nice and Easy-to-use interface, My trades have also been solid with fast execution speed, and the range of assets is really nice.

Negative: Withdrawals can be slow and a bit of a hassle and makes the platform frustrating

Summary: As I put it somewhere above, this is a broker for real trading. You don’t see bad surprises regarding price or the platform’s technical availability.
I recommend octa as a broker with minimum friction and good set of trading options.

Positive: I like accurate quoting and think that Octa’s platform can be a great reference for quotes on most traded currency pairs. If you are only starting like I did some time ago, chances are you will find the forex basics trading course very fulfilling. You won’t happen to become a trading wizard after going through it :) but you’ll become fully aware of how to trade.

Negative: The starting deposit could be under 50 usd/50 eur. I think that many other brokers have zero minimum deposit or it is about 10-15 usd.

Summary: Checked this out few years ago, was alright, but same as most mt brokers. Similar conditions, only thing was the account variety and the swap-free option was a big plus. But I came back end of last year, and so much has changed. The inside trader has become much more usable,, the features got added and quite complex (the program does charting for me, it shows the downtrend or the breakout levels sometimes, stuff like that). Meanwhile, spreads are actually lower than the industry average now.
Improvements all around.

Positive: The advancements in the web software they did during last year make me confident in the future of the project.
Spreads (e.g. fees) are lower than most, even if Octa is not focusing on them that much.
The features that do charting for me in the online trader window - I like a lot.
Safety is there, the regulations and insurance, stuff like that. Is a bonus.

Negative: The software, and company itself, is not as old as some of the competitors. Which can be a downside for some.
The design over all is good, but takes some getting used to, especially as the colors/lines can't be changed in the menus for anything except MT they offer.

Summary: Octatrader is lit!
I have tried using the MetaTrader apps before, but this time, I decided to give it a try to OctaTrader. I was surprised at how easy it was to learn and use. The design is much better and beginners would learn it much faster compared to other popular trading apps.

Positive: Its custom app is intuitive, easy to learn and start trading.
The trading conditions seem fine, the spreads are tight.

Negative: Educational resources could be more comprehensive, all basic concept are covered but it lacks some depth

Summary: This has everything, good responsive support, great trials, lots of withdrawal options, the safety is there, its always in top-10 safest brokers lists. Some design choices I don't agree with, but the platform underneath, the back-end I mean, its great. I couldn't find anything there to significantly complain about.

Positive: I could name some brokers that are better than Octa for scalping specifically, and also some that have similar fees with crypto trading. But for overall, Octa by far takes the cake. I started just with a small depo, and it grew more and more, to the point that I leave most of it with Octa now. I like that I can trade whatever, and not feel pigeon-holed into some style that broker 'allowed' me to do. I traded cryptos here, and it was amazing this November - December. Before that, I've done forex and stocks, and those felt pretty good too.

Negative: The Octatrader, it needs to grow. It has amazing *features*, the artificial intelligence there looks very promising. But how it *looks* is not there yet. The lines are to small and narrow, also the zoom-in for some reason DOENS'T WORK ON THE LINES. So even if I zoom in, I still need to squint my eyes to see the narrow lines of the prices and my indicators, and where they overlap.
For this reason I barely use Octatrader, mostly trading on their MT5, but I would really love to use it more, fi the LINES WERE VISIBLE.
A shame they developed such great platform there, and didn't make it visually appealing enough.

Summary: Most likely, many traders who are aware of Octa broker also know that this broker provides a choice of 3 software options for trading on financial markets.
Octatrader platform caught my attention. It has excellent characteristics and I like how it functions. 10 out of 10

Positive: I'm 100% sure that the main advantage of Octatrader platform software is that it is fully configured to apply broker's trading conditions.
That is, this is the tool that considers all features of a brokerage company

Negative: I think platform has excellent technical characteristics, but I think design is not perfect.
Although this is just my feeling and maybe other traders don't agree with me

Summary: November finally sent me over the edge to write this review. Had leveraged some cryptos + majors, and the moves were wild. Even my 0.01 lot trades ended up bringing $200-$500 in profit, per one. About half triggered the S/L but the rest were still enough to be extremly profitable in November.
Been using the product for over two years, and they continue to improve it, new features on the website, especially in trader, almost every 2-3 month + they are adding assets constantly. I think the product is great. If they continue it how its going currently, I'm sure they will be one of the top5 brokers worldwide before 2030.

Positive: Pretty much zero swaps even for crypto, held my position for weeks, paid nothing, got the profit.
Had trading not just BTC, but XRP and LTC and ADA, EVERYTHING that pumped last month, some of them up to 170%. I was leveraged on that too, crazy.
Good leverage, and amazing platform for trading in general.

Negative: They don't explain their platform much at all, had to figure eveyrhing out for myself, like even setting sl/tp, its non-standard. Had to learn by trying.
The Octatrader is decent, but charts are hard to see. The scaling is what's wrong, it doesn't work properly, doesn't enhance. The only reason I use MT5 to spot my trades. Otherwise Octatrader is fine (the indicator amount is small, but I don't use other ones anyway).

Summary: The platform is rather unique, and took a bit of getting used to. Not every idea works, and I think they need to add more indicators or features, if they don't want to copy TradingView inside of it like everybody else seems to do. I respect the effort, and for what it is, it did its job well for me. But I would really like to continue to see improvements.

Positive: pending orders are easy to set up;
some features I didnt see elsewhere, like the signals provided and the ai assistant that teaches me;
looks decent, visually, blue and white always pleasant.
good pricing, cheap trades and no swaps.

Negative: cluttered if I use 2-3 indicators. Especially on M1-M5, it's just hard to see the actual chart;
not enough customization. I have 2-monitor setup, the Octa trader just doesn't work for it.

Summary: Yea as you can guess, I go with stocks. I am pretty happy that I've found Octa, they got arguably the best conditions for stock trading!
A clear advantage is 1:40 leverage, the most I've ever seen in some places was like 1:10, not more. But there, the leverage is insane!
Also, no commissions not for only putting trades, but also holding overnight. This is a nice thing to do really.

Positive: Good selection of stocks
Nice platforms, versatile and comfortable
Cool user experience in both site and client area

Negative: Educational materials are limited, I'd appreciate more webinars

Summary: I am working with the Octa broker for a couple of months and so far I am satisfied with everything from the platform's performance to pricing and instruments for analysis!!
Ain't gonna lie they are... wizards at providing trading services, idk how to call them. Metatrader allows you to do the magic if you want. Not only manual trading, but automated as well.

Positive: There is a choice of trading platforms and even their proprietary engine is here.
Also, I like the leverage mechanism here, you know, when it varies depending on the asset class!

Negative: Oh, no, guys I can't specify any of serious drawbacks

Summary: It has been good really. A new experience using a custom app of a broker. I used the MT4 in the past and I found it a lot more complex than using this right now.

Positive: - Design of the trading app.
- Spaces; a feature on the app.
- The inbuiilt economic calendar.
- The fact that I can make all my transactions and perform all operations from within the app.

Negative: - Not as many instruments are available to me compared to when I use the MT5 of the broker.

Summary: I'm a quite boring trader, I think, and I don't do many wild trades or risky things with my deposits. But I think OctaFX can make things a bit more fun even for "play it safe" men like me.

Positive: They do trade & win scheme, where if you join it and just trade normally, You can win. And prizes are like smartwatches and Macbooks.

Negative: Some risks are still present, forex trading is always associated with increased risk