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OctaFX offers traders a mostly vanilla MetaTrader and cTrader trading platforms experience. Beyond its European license in Cyprus, OctaFX lacks regulation in major jurisdictions, which puts it at a severe disadvantage compared to other trusted forex brokers.OctaFX is regulated in only one tier-2 jurisdiction (Cyprus), making it a high-risk broker for forex and CFD trading. Customers are also served by the broker’s non-regulated offshore entity in Saint Vincent and the Grenadines (SVG).
We usually process withdrawal requests for 1–3 hours, but it’s up to your payment system how long it will take the money to reach the destination.
OctaFX is considered high-risk, with an overall Trust Score of 59 out of 99. OctaFX is not publicly traded and does not operate a bank. OctaFX is authorised by zero tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust).
At OctaFX, you can start trading with a minimum of $25. The minimum deposit can vary depending on your region and the payment method. According to the Risk Management basics, the more funds you have, the fewer risks you are exposing yourself to.