OctaFX which is the name which popularly known by us and the registered company is Octa Markets Incorporated. OctaFX is a well-known forex broker all over the world that works with clients in over 100 countries to provide forex brokerage services. OctaFX employs cutting-edge technology and skills to make your forex trading experience as simple as possible. The trust and satisfaction of each client’s needs and expectations is our primary focus. OctaFX sets and maintains the highest service level standards, as well as developing new services and promotions on a regular basis.
They’re here to provide a cost-effective trading environment in which beginners and experienced Forex traders may make more with the same investment. They uphold high standards for safe trading environments and provide every Forex trader with the finest and most equitable trading circumstances. Every year, they increase our conditions and standards in a continuing attempt to make trading with OctaFX, the most cost-effective Forex broker on the market, more cost-effective than dealing with anybody else. They assist Forex traders in gaining the information and skills necessary to trade effectively and responsibly.
|Date of Incorporation||2019-04-10 00:00:00|
|Registered Office Address||off no 21,The Arcade,Ground Flr, World Trade Centre Complex,Cuff Parade MUMBAI Mumbai City-400005 Maharashtra|
• – Scalping, hedging, and EAs are all legal tactics, and there is a low minimum initial balance.
• – All account categories provide Shariah-compliant alternatives.
• – Get up to 500:1 leverage with negative balance protection.
• – There are no registration or commission costs.
What exactly is OctaFx?
OctaFx, like other programs like Olymp Trade Binomo and IQ Option, is an online trading platform. Octafx says that you may make money trading from the comfort of your own home, that is, you trade by investing money and earning or losing money.
OctaFx offers a wide range of trading alternatives, including commodities, currencies such as the euro and the dollar, and more. OctaFX is a Forex broker with a fixed time chain that allows you to trade with ease.
Related: OctaFx Review
How can I sign up for an OctaFx account?
To do so, go to the Google Play Store and download the OctaFx Trading App. Now you must start the app, where you will be given some tips; continue to execute next-next. You will now have the opportunity to create an account.
To create an account, you must first pick your first and last names, as well as an email address and a new password. You can also join up with your Facebook or Google account. After you’ve completed all of the fields, click the yellow ‘Open Account’ button.
To complete your registration, you will get an email with a link that you must click to validate your email address.
Following that, you must fill up some personal information such as your nation, city, street address, phone number, and date of birth before proceeding to the next stage.
Now go to the Account Platform page and tick just MetaTrader 4 (MT4) and Real under ‘Account Type’. If you like, you can also pick demo to play a demo.
Then, in the Leverage section below, choose 1:200. Now that the tick on the Islamic option has shown, erase it.
Now type in whatever name you like. Click Next Step after entering your contest nickname. As soon as you click Next, you will be given a Login Id and Password, which you should keep someplace. If you like, you may make a deposit by clicking the deposit button.
In the OctaFx Trading App, how do you verify your KYC?
To verify your KYC in OctaFx, click the three lines in the top left corner. Now, on the right side, you’ll find a round setting icon, which you should click. When you click on the setting, a new page will open with the words ‘Get Verified’ displayed at the top; select that option.
Now the Verification Request page will appear, where you must select one of the Id kinds in Select Your ID Type, such as your Aadhar Card, Driver’s License, or Passport. Now, at the bottom of that id, upload two photos, one front and one back, and then click Submit Request. Your request will now be submitted, and your KYC will be verified after some time.
Note: If your OctaFx app presents you with a different choice during account opening and KYC verification, you can view this video.
Where is OctaFx Headquarter?
After reviewing the Octafx company profile, we discovered that it is located in the country of Saint Vincent and the Grenadines (Saint Vincent and the Grenadines), whose capital is Kingstown and which is located in the Caribbean area. Let us remind you that the country of Saint Vincent and the Grenadines is located on the North American continent.
Is Octafx a SEBI-registered company in India?
Friends, this has become a really perplexing issue; several websites and YouTube videos claim that OctaFX is regulated, licensed, and registered by the SEBI in India. But wait, why should I put my faith in others? I called with an OctaFX Support Assistant and asked a few questions to confirm this. That question was posed to you below.
I proceeded to OctaFX’s official website and entered the chat support, where an OctaFX assistant named Shiva began speaking with me. I asked him three questions and received the following response.
What is the difference between OctaFX MT4 and MT5?
MetaTrader4 and MetaTrader5 are the full names of OctaFX MT4 and MT5. They’re both electronic trading platforms (software) that make OctaFX trading easier. Both MT4 and MT5 are open source trading platforms that are used to trade currency.
Not that MT4 and MT5 are exclusive to OctaFX. When you establish an account with any forex broker, you will receive MetaTrader 4 and MetaTrader 5 software (platforms). MetaTrader 5 (MT5) offers a variety of extra trading choices, including Forex, stocks, futures, technical analysis, and more. Multi-asset trading is also available with MT5, making it very simple to learn and trade. I’ll tell you right now that MT5 is quicker than MT4.
MT4 and MT5 are the greatest programs for forex trading, and they come with a lot of new features, such as low latency, which allows you to trade more quickly.
The OctaFX Trader app is now available to all iOS users from Indonesia 🇮🇩— OctaFX (@OctaFX) November 17, 2021
Set up an account, trade on MT4/MT5, manage your accounts and funds, track the operation history, and address the client support 24/7.Check by yourself by downloading the app now: https://t.co/sysozVodVp pic.twitter.com/GZHmEboBZd
Tel: No.: +442033221059
FAQ on OctaFX
Q) Is OctaFx permitted in India?
Ans: The answer is that if OctaFx is operational in India, it is lawful. Because the Indian government has yet to enforce any type of trading platform restriction. If it continues to operate in India after being outlawed or if individuals invest money in it, it will not be regarded legitimate and would be deemed criminal.
Whether money is withdrawn from OctaFX to the bank or not, does this imply that money is received in the bank account?
Q) Yes, the money earned is sent to your bank account upon withdrawal, albeit it may take up to 24 hours. If money is unavailable due to a technical issue, you can seek assistance in Hindi.
Is OctaFX the real deal or a hoax?
Ans: OctaFX is a legitimate trading platform, but it is also extremely dangerous. The more money you can lose, the more money you can lose. As a result, before you begin trading, you must first master technical terms and comprehend how trading works; only then will you be able to profit.
Q) OctaFX: Is it Legal or Illegal?
Ans: See, this is a peculiar issue; regardless of whether OctaFX is legal or not, the correct answer cannot be given since the Indian government has yet to clarify its position on these trading platforms, that is, on all of these apps. Nothing was said about whether it was lawful or not. In certain ways, these applications can be regarded lawful if they are used in India.
Q) What is the size of the OctaFX deposit bonus?
Ans: OctaFX offers a 50% bonus on your first deposit.
Q) What is OctaFX’s minimum deposit?
Ans: You may make a deposit of as little as $20. That means, you can make a deposit of $20 USD. Furthermore, there is no upper limit.
Q) What is the maximum leverage ratio of OctaFx?
Ans: Octafx provides a Maximum Leverage Ratio of 1:500.
Q) How much does Octa Fx charge in commission?
Ans: By the way, this firm states that OctaFx charges 0% fee, implying that it does not charge any.
Q) In all, how many currency pairings does OctaFx offer?
Ans: OctaFx displays a total of 35 currency pairs.
Q) What is the total number of Indices?
Ans: Octa FX has a total of four indices.
Q) Is it possible for me to trade a variety of metals?
Ans: There are two types of metals that you can trade: silver and gold.
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