Right-click on the desired symbol in the Market Watch window and select Specification.Ģ. MT4/MT5 traders can access swap rates from their platform by following these steps:ġ. I cannot stress enough the difference this makes, especially over time. It is also a rare broker fully compliant with Shariah law for Islamic traders. It makes OctaFX the first broker with such an offer. Traders pay no financing fees, irrelevant of how long a trade remains open. This makes a tremendous difference to leveraged traders who keep positions open overnight. OctaFX takes it further and offers swap-free trading in its MT4/MT5 accounts. I always recommend that traders check them before evaluating the total trading costs. Depending on the trading strategy, it may become the most significant fee per trade. One of the most ignored trading costs is swap rates on leveraged overnight positions. The minimum trading costs for the EUR/USD in the commission-free OctaFX account: Here is a screenshot of OctaFX live quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. I rank OctaFX among the best-priced ones, and OctaFX delivers on its statement to help Forex traders earn more. It is the same as commission-based brokers offering raw spreads of 0 pips for a commission of $6. The EUR/USD starts as low as 0.6 pips or $6 per 1 standard lot, with an average cost of 0.7 pips. OctaFX presents traders with a competitively priced, commission-free pricing environment. OctaFX Feesĭeposit Fee Withdrawal Fee Inactivity Fee No Commissions/Spreads Spread Withdrawal options OctaFX also has been catering to clients from over 100 countries for over a decade. It does segregate client deposits from corporate funds and offers negative balance protection.
APK BROKER OCTAFX BOKEH REGISTRATION
While OctaFX operates without a regulator, it remains a duly registered international business company (IBC) in Saint Vincent and the Grenadines with registration number 197. The financial regulator in Saint Vincent and the Grenadines, the Financial Services Authority (FSC), does not regulate Forex and cryptocurrency brokers, as outlined on their official website. OctaFX operates out of Saint Vincent and the Grenadines. EU-resident traders will be onboarded through this entity.
APK BROKER OCTAFX BOKEH LICENSE NUMBER
OctaFX presents clients with one regulated entity in Cyprus, regulated by CySEC, license number 327/18. I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. Trading with a regulated broker will limit the potential for fraud and malpractice. Headquarters Saint Vincent and the Grenadines Name of the Regulator CySEC Year Established 2011 Execution Type Market Maker Minimum Deposit $100 Trading Platforms(s) MetaTrader 4, MetaTrader 5, Proprietary platform Signals US Persons Accepted? Islamic Account Segregated Account Managed Accounts Support Hours 24/7 Customer Support Demo Account Lowest Avr Eur Usd Spread 0.7 pips Retail Loss Rate 67.65% Minimum Raw Spreads Not applicable Minimum Standard Spreads 0.6 pips Minimum Commission for Forex Commission-free Commission for CFDs/DMA Cashback Rebates Deposit Fee Withdrawal Fee Funding Methods 9 Regulation and Security
Its mobile trading and copy trading service apps remain highly popular, with over 10 million downloads. OctaFX developed a proprietary copy trading service, expanding into a sector that is gaining popularity, especially among younger traders.
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