OctaFX Malaysia review
OctaFX is an international broker that has been operating in the market since 2011. The company targets traders in the Asia-Pacific region. OctaFX provides a convenient trading environment for Forex or cryptocurrency markets. Trade servers and information processing systems are located in many European and Asian countries. This allows the company to quickly provide investors with quotes and up-to-date data on the market situation in real time. Trade conditions are suitable for hedging and scalping, as well as for long-term investment.
All trading platforms of the broker are available in desktop and mobile versions. The software is compatible with all operating systems. The company provides the possibility to launch the trading platform in the browser without having to download it on the device. The advantages of the broker include a wide range of trading instruments and assets, the existence of an official license, the possibility of scalping and hedging. The protection of personal office and personal data of clients with the help of SSL-protocol will also be an advantage. The Exchange has professional free analysis and training materials. It also offers a bonus program for new and regular clients. Users can deduce funds in capital or cryptocurrency.
But their weaknesses are noted by the lack of some popular assets, accounts in only two currencies. The way in which funds are entered and withdrawn sometimes changes, so clients have to keep an eye on it.
One of the advantages of OctaFX Malaysia is the ability to copy transactions. To create a balanced portfolio, traders can subscribe to an unlimited number of strategy suppliers. Clients who regularly make many successful deals can become masters and earn money when their deals are copied by other platform users. OctaFX broker has developed a CopyTrading service for social trading. Another advantage of this service is the ability to control risks. You can specify a percentage of the deposit when copying a transaction. If the balance is reduced by the specified trader sum, the system will not copy new orders.
OctaFX partners can attract new customers and receive rewards as part of their profits.
For all types of accounts, the minimum deposit is $100. The company offers to its clients a bonus program with competitions, bonuses for replenishment of the account and other rewards of traders for active trading. The broker provides useful materials and tools for market analysis and forecasting:
- Economic Calendar.
- Calculators for profit calculation.
- Forex News.
- Professional analyst.
Investors can use extended graphics, technical analysis tools and trade in a single click.
OctaFX has spreads on all types of accounts. When operating through the terminal, traders pay a commission of $2–3 for each traded item, depending on the selected asset. There are no non-trade entry and withdrawal fees at the broker’s disposal. However, fees for financial transactions are charged by payment systems. Investors working through MT4 can also waive the commission for posting positions the next day by opening an Islamic swap account.
The OctaFX tariff can be chosen depending on the trading platform on which the trader works. The total broker offers 3 variants of accounts.
A demo account is available on all the sites of the broker. A demo account is opened in the personal office after registration on the company’s website.
In addition, the broker offers a bonus program in the form of 10–50% bonuses at each deposit replenishment. The bonus funds received can be used in trading and can be inferred if volume requirements are met. In the trading terminals there are periodic competitions on demo-accounts. The five winners in such competitions receive rewards in real money, which are credited to the deposit. Prizes can be up to $500.
The broker offers fairly favourable trading conditions for all users, both newcomers and experienced investors.