OctaFX Reviews

Summary: Design of the web version can use some work, but functionality is undeniable to me. Far more than what I could've have expected for free version.

Positive: Absolutely crazy good ai, and it takes 2 forms here. One is suggesting (essentially a mentor), and 2nd one is actively showing patterns on charts. Far more advanced that I could get anywhere, and I looked. Its all for free too, completely free of charge, works for me on demo account even.

Negative: Ai that I use works only in the web version of their trading, and it isnt the most pleasing for the eyes. The desktop version, I can only copy my findings to, from the web.

Summary: More than 2 years have been spent trading with this broker, and during this period I've been always pleased.
I would like to leave my octa trading app review in particular. I chose it because to me it was very user-friendly, the app is not so memory consuming. it has amazing built in tool, AI pattern recognition. Basically what it does it does detect patterns. When I trade I of course analyze charts myself to detect patterns, but quite often the AI tool does it better than me. For example a month ago on a intraday chart it showed me support and resistance levels on eur/usd, and trading a bounce from the support made me bucks, ngl. Imho, it is a tool that deserves attention most definitely.

Positive: There are a number of things I like here, if to go one by one then:
-different platforms to choose, the one I like the most is OctaTrader
-sufficient number of trading instruments
-fast feedback from customer support
-attractive conditions in terms of swaps and spreads

Negative: No big issues that would bother me here, but I think adding more stocks would be nice.

Summary: Once I registered account, the process btw was easy and hassle free, I opted for their app as I wanted to explore it. I tested the AI tool on some assets, mainly FX pairs and some stocks - results were good. Combined with my own pattern recognition and this AI - i have more confidence in support and resistance lines.

Positive: When I first discovered the broker I paid attention to the numbers related to the trust:
-lots of accounts have been opened that trade with the broker, in millions terms
-different International awards...
This meant that the company has been legit and doing business for some time. It earned my trust as well.
Another thing is apart from having the main MetaTrader platforms , they have their own proprietary trading platform, and possible to trade from web and mobile app...
But the real game changer was the introduction of AI into the app - the tool that is capable of automatically detecting patterns.

Negative: I cant say major things deserver improvement here, however, the CS needs maybe a different approach overall. I mean the support chat on the website might be glitchy, but sometimes I might blame my internet connection, internet providers nowadays are messy.

Summary: These all only small features of the broker. It was lovely that they didn’t charge more than fair costs. No swaps, no additional free. Spreads are the only thing I paid there. Timely withdrawals also accounted for my trust in octa. The transparent broker.

Positive: If talking about something precise, I’d name two things: octrader platform and support agents. The first one is about comfort and ease of trading. AI recognizes support and resistance nicely. Support is instant and friendly, their responses never been rude or late.

Negative: Other platforms, Metatraders seemed to be outdated. Copy trading, not so many traders, I mean worthy traders to follow.

Summary: Overall Octa has been a reliable broker so far. From regulatory to platform wise stand points, it is solid and user-centric.

Positive: The availabiltiy of charing tools that make trading easier.
I believe that technical analyssi is a foundation for all traders to grasp, as if not learned properly it can be hard to navigate this rather complex trading world.still technical analysis is like a barometer when gauging the situation.

Moreover, to aid charting octa's platform has features I appreciate:
-Built-in AI helper
-Live trading ideas
-Trailing stops

Smth that MT4 and MT5 dont have

Negative: I would love to see addition of more assets to trade to the platform

Summary: My Octa review is positive. Weekly use has been stable. Works fine for essential trades without issues.

Positive: One major advantage of this platform are; User interface is sleek and uncluttered, very stable and loads quickly.

Negative: Limited advanced tools for analytics could improve.

Summary: Overall Octa brand gives me the confidence to focus on trades instead of worrying about technical glitches or delays, and I use it whenever I trade monthly.

Positive: I like how the Octa software keeps everything clear, the charts load fast and orders execute well without delays

Negative: Sometimes the login refreshes too often and I have to re-enter my credentials

Summary: Over more than a year of trading with them, surprisingly, I didn't get into any big issues or problems. I had slight non-understandings regarding the copy trading, but customer service explained detailedly.

Positive: I like that the broker has been experimenting and adding new features into their services. They added AI charting and octa vision, for instance, which was a big boom for me personally, because I liked using them. So that is great, i hope they will come up with something new again, who knows.

Negative: There is nothing i hate about this brokerage. I’m still with them, and i’m fully satisfied.

Summary: Reliable daily use. Been using during free trial and it holds up well for copy trades and fast orders.

Positive: Execution is tight, mobile app is light, and alerts work – even when I’m off the app.

Negative: Design’s kinda meh and could be easier on the eyes.

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.