Home / Forex Brokers in Australia / OctaFX Broker Review

OctaFX Broker Review

FX Scouts By Jeffrey Cammack Updated: February 20, 2020
Overall Rating
4.15 / 5
Min. DepositUSD 50
Max. Leverage500:1
Min. Spread0.0 pips
RegulatorsCySEC
Regulator Origin CySEC
Broker TypeECN/STP

Reviews

Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service

 

Beginner Friendly Good
Bonuses Deposit Bonus
Our Review Process

Trading Conditions

Minimum DepositUSD 50
Base currenciesEUR, USD
Number of FX Pairs28
Hedging Allowed Yes
Scalping Yes
Swap-Free Accounts Yes

Average Spreads

EUR / USD0.4
GBP / USD0.4
USD / JPY0.4

Company Details

Company nameOcta Markets Inc
Founded2011
Website Visit Website
TypeECN/STP
RegulatorsCySEC
Office locations UK, Hong Kong, Indonesia, Cyprus, Malaysia, Thailand

Deposit & Withdrawal Methods

Supported Platforms for OctaFX

Most retail CFD accounts lose money. Your capital is at risk.

Compare CFD Brokers

Overall Rating 4.15 / 5 4.56 / 5 3.78 / 5
Minimum DepositUSD 50AUD 100AUD 50
Regulation
CySEC CySEC
FCA FCA
ASIC ASIC
CySEC CySEC
FCA FCA
ASIC ASIC
Broker TypeECN/STPECN/STPMarket Maker
Trading InstrumentsCryptocurrencies, Forex, Indicies, MetalsCommodities, Cryptocurrencies, Forex, Indicies, Metals, EnergiesCommodities, Cryptocurrencies, Forex, Indicies, Equities
Forex Pairs2880+47
Crypto Pairs4516
Read Full Review Read Full Review
Trust Rating 3.5 / 5 5 / 5 5 / 5
Trading Conditions 4 / 5 4.5 / 5 3 / 5
Trading Platforms 5 / 5 5 / 5 4 / 5
Deposit & Withdrawal 5 / 5 4 / 5 3 / 5
Education & Research 4 / 5 4.5 / 5 3 / 5
Assets Available 4 / 5 4.5 / 5 4 / 5
Customer Service 4 / 5 4 / 5 4 / 5
% Lose with this broker N/A 73.6% of retail investor accounts lose money when trading CFDs with this provider 62% of retail investor accounts lose money when trading CFDs with this provider
Leverage500:1500:1400:1
Spread0.0 pips0.0 pips1.0 pips
Hedging Yes Yes Yes
Scalping Yes Yes No
Account Types
  • cTrader ECN (Standard)
  • MT4 Micro (Standard)
  • MT5 Pro (Professional)
  • Razor (Standard)
  • Standard (Standard)
  • Swap-free
  • Professional (Standard)
  • Standard (Standard)
Swap-Free Accounts Yes Yes Yes
Trading Platforms MT4, MT5, cTrader MT4, MT5, cTrader etoro
Funding Methods Visa, Skrill, Neteller, Bitcoin, Fasapay, Bank Transfer Bank Transfer, Visa, Mastercard, Skrill, Paypal, Unionpay, POLi, BPay Bank Transfer, Skrill, Paypal
Trading Commission 6 USD / Lot - cTrader ECN From 7 USD / lot - Razor Account Fees Included in Spread
Clear all brokers

OctaFX

Visit Website

Pepperstone

Visit Website

eToro

Visit Website
Overall Rating 4.15 / 5 4.56 / 5 3.78 / 5
Minimum DepositUSD 50AUD 100AUD 50
Regulation
CySEC CySEC
FCA FCA
ASIC ASIC
CySEC CySEC
FCA FCA
ASIC ASIC
Broker TypeECN/STPECN/STPMarket Maker
Trading InstrumentsCryptocurrencies, Forex, Indicies, MetalsCommodities, Cryptocurrencies, Forex, Indicies, Metals, EnergiesCommodities, Cryptocurrencies, Forex, Indicies, Equities
Forex Pairs2880+47
Crypto Pairs4516
Read Full Review Read Full Review
Trust Rating 3.5 / 5 5 / 5 5 / 5
Trading Conditions 4 / 5 4.5 / 5 3 / 5
Trading Platforms 5 / 5 5 / 5 4 / 5
Deposit & Withdrawal 5 / 5 4 / 5 3 / 5
Education & Research 4 / 5 4.5 / 5 3 / 5
Assets Available 4 / 5 4.5 / 5 4 / 5
Customer Service 4 / 5 4 / 5 4 / 5
% Lose with this broker N/A 73.6% of retail investor accounts lose money when trading CFDs with this provider 62% of retail investor accounts lose money when trading CFDs with this provider
Leverage500:1500:1400:1
Spread0.0 pips0.0 pips1.0 pips
Hedging Yes Yes Yes
Scalping Yes Yes No
Account Types
  • cTrader ECN (Standard)
  • MT4 Micro (Standard)
  • MT5 Pro (Professional)
  • Razor (Standard)
  • Standard (Standard)
  • Swap-free
  • Professional (Standard)
  • Standard (Standard)
Swap-Free Accounts Yes Yes Yes
Trading Platforms MT4, MT5, cTrader MT4, MT5, cTrader etoro
Funding Methods Visa, Skrill, Neteller, Bitcoin, Fasapay, Bank Transfer Bank Transfer, Visa, Mastercard, Skrill, Paypal, Unionpay, POLi, BPay Bank Transfer, Skrill, Paypal
Trading Commission 6 USD / Lot - cTrader ECN From 7 USD / lot - Razor Account Fees Included in Spread

Stay updated

This form has double opt in enabled. You will need to confirm your email address before being added to the list.

Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Sign Up

Most retail CFD accounts lose money. Your capital is at risk.

>