Trading at the OctaFX broker is suitable for novice traders. The reason is, OctaFX offers low spreads, which are floating starting from 0.0 pips. The initial deposit required is low, only US$ 50. In addition, as one of the largest forex brokers in the world, OctaFX also implements secure steps to protect client funds, such as by using segregated accounts and protecting personal data and online financial transactions with SSL encryption technology. OctaFX volume is also promising. That’s why if you are interested in this broker, you must check the info about its volume if you prefer to consider forex brokers by volume before you trade. On the other hand, if you also want to check out other biggest forex brokers, you can go to http://www.internationalanswer.org/forex/biggest-brokers.html immediately.
OctaFX broker also offers trading platforms from the industry’s leading, such as MetaTrader 4, MetaTrader 5, and cTrader. Traders can choose from three types of accounts, which are Micro, Pro, and ECN. OctaFX allows traders to carry out a wide variety of trading strategies, including scalping and hedging.
As one of the biggest forex brokers, of course, there are many advantages of trading at OctaFX, such as:
Protected Customer Funds
The current regulation in use is CySEC with license number 372/18. Hence, the broker implements safe measures in order to protect customer funds. In accordance with international accounting regulations and standards, OctaFX always keeps company assets separate from clients’ trading funds. Customers’ personal data and online financial transactions are also protected by SSL encryption technology.
Reliable Trading Platform
OctaFX broker offers the world’s most prominent trading platform, Metatrader4, for desktop and mobile trading. Apart from that, there is also the cTrader platform for traders who want to fully trade ECN forex and the MT5 platform for trading without swaps at all.
All Strategies are Allowed
OctaFX allows a wide variety of trading strategies, including scalping, trading using expert advisors (EA), and hedging. There are also swap-free accounts for Muslim traders who wish to avoid overnight/rollover/swap interest.
Multiple Bonuses and Weekly Contests
OctaFX brokers often hold certain bonus promotions. In fact, this broker holds trading contests on demo accounts with real money prizes that can be used for trading every week.