OctaFX Reviews

Summary: My final Octa review, this is a good place where you grow as a trader professionally and mentally. Here you can find a lot of analytical resources that can help you sharpen your trading skills and expand knowledge about markets. Also, I changed my trading approach, I no longer increase size after a win. That habit cost me more than losing streaks. I decided to focus on stability because it beats confidence spikes. imho

Positive: Octa doesn’t charge any swap fees for overnight positions which means I can hold trades for weeks, and even months without losing anything on trading-costs, except for paying spreads. As a swing-positional trader I think it’s a game-changer because I believe big profits always are made from mid-term trades, I mean instead of sweating every day and trying to catch 1-2% profits, it’s better focus on something bigger, just opening a trade and leaving it for days or weeks until the price will be grown or fallen by 10-15% and that’s it. You made profits without worrying about every tick.

Negative: The design of the Octa trade app felt a little bit overwhelming because I needed to open guidelines to understand where and what buttons I have to click to open a chart, positions, and how to put stop losses and take profits. I mean it took a while to adjust to the platform’s functionality.

Summary: My octa review is above, the overall rating is 4 from me because they still can do much better and it would me motivation for them to develop haha. I am here like almost a year, and I like the service.

Positive: Support services are really nice, they answer quick most of the time. I hadonly positive experiences with live chat.
and their own platform is packed with different features.

Negative: Still has a drawback and its not enough asset, I think they can do like 1000+ assets so people have a wider selection.

Summary: I started trading here about 2 years ago, and if I needed to make a decision now about choosing a trading platform, I would still choose octa. I know there are plenty of positive Octa reviews and here is another one. The platform truly deserves praise because they kept a pace with the latest trends and introduced ai tools that can really be useful in trading

Positive: The OctaTrader app itself. I like how convenient it is, great ux, but the most useful features are the AI tools integrated

Negative: Nothing that matters and can affect your decision when choosing a broker

Summary: I’ve been trading here for more than 2 years, but if I’m not mistaken AI chart feature was added half a year ago but since then a lot of traders took full advantage of using it in real practice.

Positive: Tell me whatever you want but I think this is the best tool I’ve ever used in my trading career. I don’t have to analyze all assets on my own, with that AI tool I save so much time. For your information, I tested it multiple times and using swing-positional strategies suit perfectly taking into account what chart patterns and setups AI gives.

Negative: I wish they would add something new, probably AI take profits and stop-losses. If they managed to create an AI chart tool, I believe they will be able to create something better.

Summary: Made a right call to choose OctaTrader instead of MT5 that I wanted to try at a time. I still remember tho how easy it was to set up, and it took me like under 10 minutes to answer the questions ,and I though it's just for the info, but then space appeared on right and I started getting insights about all the currencies I choose and styles that are interesting for me as well, like support and resistance

Positive: Features are the biggest advantage of Octa, like AI that helps you detect patterns and octa vision that analyzes your whole history or a single trade to give you proper recommendations to improve.

Negative: One big disadvantage is that leverage on some assets is limited, it's only okay for forex, but on stocks and crypto, not much.

Summary: Despite this mini nitpick, trading with Octa could be considered a solid experience. It cost me nothing for open forex positions on the familiar MT5 platform. At any rate, they had a variety in almost everything.

Positive: Major benefit trading with octa was their cost of trading. Those mere spreads, hopefully I traded only majors and of course swap-free accounts by default. There was some room for flexible trading.

Negative: Lack of some payment methods. I like crypto and e-wallets but traditional methods would be nice too. No bank wire in my country.

Summary: It’s really cool and efficient for work… The customer support are my trading buddies, always ready to solve my issues and they operate in multiple languages

Positive: I like how it’s easy to operate and I don’t have to spend time cracking my brain on the screen. There are also no commissions here, how Nice!

Negative: I would recommend that there is more information on the platform website

Summary: My time trading here is mostly good, but I think they need to add much more assets to trade... make it 1000

Positive: They have great chars and AI tool to help with trading
Also education here is good, webinars are useful

Negative: Nearly not enough assets to trade, and not much winning price for competitions

Summary: Good that I choose my own leverage when trading cryptocurrencies and it help me learn how trading works.

Positive: The selection wide enough, traders can choose what they like and there no limit, MT4, MT5 or OctaTrader.

Negative: Seems like OctaTrader only for mobile devices and for pc's or macs its only supported in web browser.