What is Octa?
Octa is an international broker providing online trading services since 2011. It offers commission-free access to financial markets and a variety of services already utilised by clients from 160 countries with more than 42 million trading accounts.
The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.
Octa has also won more than 100 awards since its foundation, including the ‘Best Professional Trading Platform 2024’ award from World Business Stars Magazine and the ‘Best Mobile Trading Platform 2024’ award from Global Brands Magazine.
Octa Review
Octa is powered by its own platform—OctaTrader, MT4, and MT5, which have a reputation for being some of the most profound trading platforms. MT4 represents the best choice for those who have just started trading. In comparison, MT5 features built-in tools for a deeper technical analysis and professional trading experience.
Assets
As a broker, Octa offers more than 230 trading instruments, including:
- currency pairs
- CFDs on stocks
- commodities
- stock indices
- cryptocurrencies.
Octa Trading Conditions
Trading instruments provided by Octa have some of the lowest spreads in the industry. The spreads for both the MT4 and MT5 accounts are floating and start at 0.7 pips. Octa does not charge any deposit/withdrawal commissions. However, there is a markup on the spreads. Clients using the OctaTrader, MT4 or MT5 account do not have to pay swaps.
Leverage provided by Octa varies across trading instruments. For all currency pairs (except for ZARJPY), the maximum leverage is 1:1000. Other instruments can be traded with the following leverage:
- 1:400 for metals
- 1:400 for energies
- 1:400 for indices
- 1:200 for cryptocurrencies.
Is Octa scam or not?
This Octa review aims to give a clear view of the broker and its services. We hope, with these insights, anyone interested in Octa trading opportunities could decide whether to invest in them or not. The broker has been operating for 13 years so far. Users from all over the world have traded in the financial markets using our platforms and mobile apps. Therefore, it is doubtful that the ‘Octa scam’ is a correct evaluation of the our activities.
We believe in a partnership, that's why we welcome all feedback, to understand our users' needs and provide them with the best Forex trading experience.
We hope, that reading all of the Octa reviews you will find the answers to your questions. In case you don't, please feel free to contact us via support@octabroker.com. Our dedicated support team is available 24/7.
Octa, trading made clear.
