OctaFX Broker of the Month

BROKER

Direct Cash Rebate up to $1.35

Direct Cash Rebate Credited Monthly to Broker's Account

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Accepting traders from:

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A variety of trading platforms, low spreads and fast execution allow this forex broker to stand out.

Account
Type
Cash Rebate or
Discount
Current Bonus /
Promo Offer
Rebate
Type

$1.35 Cash

$1.35 Cash

Trade Cryptocurrency including Bitcoin Direct Cash Rebate Credited Monthly to Broker's Account
Account
Type
Minimum Initial
Deposit
Maximum
Leverage
Minimum Lot
per Trade
Spread
(EUR/USD)
Commission

$100 USD

$100 USD

1:500

1:500

0.01

0.01

Variable from 0.4 pips

Variable from 0 pips

Spread Markup

$3/lot

Account
Type
Margin Call Stop Out Scalping Hedging Execution

25%

25%

15%

15%

Yes

Yes

Yes

Yes

Market

Market

Account
Type
Trading
Instruments
Trading
Platforms
Forex (33)
Spot Metals (2)
CFDs on Metals (2)
CFDs on Indices (2)
CFDs on Cryptocurrencies (4)
MT4 (Windows, Mac OS, iOS, Android, Web)
MT5 (Windows, Mac OS, iOS, Android, Web)
cTrader (Windows, Mac OS, iOS, Android, Web, Mobile Browser)
Account
Type
Demo
Accounts
Islamic
Accounts
Joint
Accounts
Corporate
Accounts
Managed
Accounts
Services
Yes Yes Yes Yes No Contests
Negative Balance Protection
EAs Allowed
News Trading Allowed
Cryptocurrency Trading
Account
Type
Company Name Regulation Year
Established
Account
Base Currencies
Octa Markets Incorporated N/A 2011 EUR
USD
Account
Type
Support
Options
Deposit
Methods
Withdrawal
Methods
Website
Languages
Live Chat
Phone
Email
Callback Request
Neteller
Skrill
Visa/MasterCard
Boleto
Fasapay
UnionPay
Wire Transfer
Neteller
Skrill
Visa/MasterCard
Fasapay
UnionPay
Boleto
Wire Transfer
Bengali
Chinese
English
German
Indonesian
Malaysian
Portuguese
Spanish
Thai
Hindi

     In addition to fast execution and a no-dealing-desk environment, OctaFX provides the fx trader with the opportunity to select among three different platforms; Thus, they offer with the alternatives of a MT4 MICRO, a MT5 PRO* and a cTrader ECN account. They are a forex broker that welcomes the use of any trading strategies with the only exception being arbitrage, and offer with variable spreads starting from 0 pips and with leverage up to 1:500. Minimum deposit is $100 for the MT4 Micro and cTrader ECN accounts and $500 for the MT5 PRO account. The broker offers trading on a great variety of instruments including CFDs on Currencies, Metals, Indices and Cryptocurrencies. Available cryptos include Bitcoin, Etherium, Litecoin and Ripple traded vs the USD.

     Their website features a Real-time Live Quotes feed and a Account Monitoring tool as well as comprehensive trading platform manuals that can assist the trader with everything from setting up an Expert Advisor to Signal settings, to Custom Indicators and cBots. Worth mentioning is that OctaFX is a broker investing a lot of their effort in promotions that benefit their traders not only by offering prizes, but also by offering them the chance to learn to trade forex successfully through their demo account contests (both on MetaTrader and cTrader). Choosing not to obtain any regulation by a major body for the time being, this fx broker has worked tirelessly building a good reputation by sustaining transparent business practices and favourable trading conditions. OctaFX was established in 2011 and continues to expand to new forex trader audiences**. 

     The Maximum Rebate currently offered is $1.35 USD per round turn lot on both account types. All Cashback Rebates for this forex broker are added Directly to your Trading Account within the first seven days following the current trading month. We recommend registering with us the same email address that you will use with the broker, even though it is optional, in order to enable us to provide you with a better and faster service.

Our Rebate Compared to Competition

Rebate 

Provider

Top

Forex Rebates

RebateKingFx ForexCashbackRebate PipSafe

OctaFx Max Rebate

$1.35 $1
$1 $0.85

Last Updated 04/12/2017

*   MT5 PRO accounts do not offer any Rebate or Discount for the time being

** This review is not directed towards citizens and/or residents of the UK and the USA

 

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