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Octa has a rating of 4.6 stars from 581 reviews, indicating that most customers are generally satisfied with their purchases. Octa ranks 2nd among Currency Trading sites.
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I made a deposit via local transfer and it got rejected after 4 hours, their customer service informed me that it was due to payment processing error and asked me to make another request, which I did. Now the whole day has passed and their customer support keeps giving generic answers that finance department is checking. I regret switching from XM to Octa thinking it will be better with local deposits.
I was attracted by browser mt4 version that they have and that's why i joined. I used to use ctrader but its not quite my cup of tea and i prefer the good old metatrder but with the ability to trade wherever i can. In this sense, i like that they have both computer and mobile options. Sometimes i trade in the app which is convenient.
Dear Suharto S.,
Thank you for rating our app. We're happy to know you find our app convenient. Currently, we have three trading platforms: MetaTrader 4, MetaTrader 5, and Octatrader. They are available on web platforms, android, macOS, and Windows.
Don't forget that you can always get in touch with us through social media and enjoy our trading content there. Stay tuned for more updates, and make sure that you don't miss our upcoming promos. Let us know what updates or new features you want to see on our app to give us a 5-star rating. You're welcome to write to us at support@octafx.com and share your ideas.
Kind regards,
Octa Rep.
I've already traded with them quite a lot and I can say that they are reliable enough. Their spreads do not jump back and forth, the maximum what I get on EUR/USD during normal trading conditions is 0,9 points, mostly it is between 0,6 and 0,8 points, that is quite tight enough, cause other ECN brokers offer 0,6-0,8 spread and commission on volume traded, but in fact OctaFX does not apply any additional fees. Their regulation seems to be more reliable now, cause its FCA, I guess it will attract more clients, because traders normally swear by such regulation options). So, my decision now is to continue trading with them, hopefully won't find some difficulties.
Dear JJMichael K,
We sincerely apologize for the delay in our response. Your kind words in the review bring us immense joy, as it is always gratifying to hear that our clients are enjoying our services. It is truly an honor for us to know that you are satisfied with our spread and appreciate our no fee policy. Your positive feedback serves as a great motivation for us to continue providing you with the best possible service. We are constantly striving to enhance your experience with Octa, and we would love to know what your favorite feature is on our platform.
To stay updated with our latest news and offers, we kindly request that you follow our social media channels. By doing so, you will be among the first to receive information about any exciting developments or promotions. Additionally, if you have any further inquiries or require assistance, our live chat and email support (support@octafx.com) are available 24/7 to address your needs. Thank you once again for your valuable feedback, and we eagerly await your response. Please don't hesitate to reach out if there's anything else we can assist you with.
Kind regards,
Octa Rep.
For a novice like me, it's a good choice. I kept asking the customer service how to use their software and they were patiently answering every question. I can't even imagine how stupid I looked in a ton of messages, but they work well with the clients, so I'm happy about this experience. The withdrawal time is not too good, sometimes it takes quite a lot of time to actually get what you've got. But - eh - I can tolerate that because I'm not sure I'll find another broker that will give me a guarantee of the faster money. So for the moment, I hate the time issue, but overall I'm pleased.
Dear Francine M.
We deeply apologise for the delay in our response. Your excellent review is truly uplifting, and it serves as a great source of motivation for us to continue delivering one of the best services possible. We value your feedback immensely and are committed to providing you with a seamless experience.
While our finance department typically processes payments promptly, we understand that technical issues can occasionally cause slight delays. Please be assured that our dedicated teams work tirelessly around the clock to resolve any such issues as quickly as possible. Your money is always safe with us, and we prioritize the earliest resolution of any payment-related concerns.
We would love to know what your favourite feature is on Octa. Your input helps us understand what aspects of our platform resonate most with our valued clients, and it guides us in further enhancing your experience. To stay updated on our latest news and offers, we kindly request that you follow our social media platforms. By doing so, you will be among the first to receive information about any exciting developments or promotions. Additionally, if you have any further inquiries or require assistance, our live chat and email support (support@octafx.com) are available 24/7 to address your needs.
Kind regards,
Octa Rep.
Answer: I really like the platform, it is not just fast order exection, it is aslo in-built AI tools... The one that helps me pattern recognition had a positive effect on my PnL... not huge %, but I am up +13%... if I missed a brekout on some of the us stocks, I would have been just neutral, but thhose swings made my year... Also, spreads are quite low
Answer: At least for not messing with the usual manual trading, yes it makes sense. In terms of copy trading, it all depends on the quantity and quality of provided strategies. Compared to industry average, Octa’s copy trading is better. I’ve seen very poor service, like 2-3 strategies with promised “big winrates”. Here there is the variety and reasonable figures. The app is comfortable to use. Imho I’d suggest to use it as additional income, not the main source. Trade on your own and subscribe to some good strategy provider.
Answer: First thing you need to understand is that swap or overnight fee doesn’t really depend on your region. It’s not like EU rules force broker to charge swap or not. Swap fees are set by brokers themselves depending on their policies… for example, Octa is very well known for giving swap-free accounts. This is part of their core strategy since the beginning. So yes, even if you are based in Europe, you can open account here and trade swap-free :) and it would be smart thing to do if your trading strategy is swing trading or you like to hold positions long time.
Answer: No issues, but it also depends on the payment method as well. If it's something bank related, like wire or visa, then depo is quick but withdrawal is going to take time. Even if Octa processes it in 1 hour, the funds may arrive much later. But about crypto and e-wallets. Octa does process the withdrawals quickly, usually in under 3 hours, if there are no difficulties. THen it takes like 5-10 minutes for the funds to arrive in your wallet.
Answer: I was a victim of this scam, this company took my hard earned money, to be very honest it was not easy meeting different acclaimed recovery person for help to recover my money, as God may have it, I was lucky to meet Alex crypto FX at writeme dot com (he's email). Who helped recover my lost funds in just 48 hours, I almost thought I have lost it all until I met him. I personally recommend him to you
Answer: Hello, Cheng Z.! Thank you for reaching out to us with your question. Our AI pattern recognition feature is a helpful tool that can support your trading decisions by identifying technical patterns in real time. However, while it offers valuable insights, we recommend using it as part of a broader trading strategy rather than relying on it for every trade. Combining AI insights with your own analysis—whether technical, fundamental, or both—can lead to more informed and confident decisions. If you have any more questions, feel free to contact us at support@octafx.com. Thank you.
Answer: Any hassles that can happen are only cause of your bank. See if it supports forex brokers (I know some banks don't, and will flag your transaction to them OR from them). Paying in crypto is the easiest, but you have to make sure you copied the correct wallet address. If you copy it wrong, theres no returning of funds there. Easiest and cheapest way is through USDT on TRC20 network I found, its the cheapest of them all, always $1 in network fees (mby dogecoin is cheaper, never tried that).
Answer: Hello Bishr, thank you for your question! At the moment, the AI pattern recognition feature is available exclusively for OctaTrader accounts. This tool is designed to enhance your market analysis experience by helping you identify chart patterns in real time. We're always working on expanding our tools and features, so feel free to stay updated through our official channels. If you have any further questions, you're welcome to reach out to us at support@octafx.com. Thank you.
Answer: Oh yes they aren't. I know how surprising it might sound but the broker is pretty cost effective.
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Dear Muhammad Ahsan T,
We apologise for the delayed response and understand your frustration. Thank you for bringing this matter to our attention. We are committed to resolving this issue as quickly as possible, but we need additional information from you. To assist us, please provide your trading account number and deposit ID. You can email these details to support@octafx.com. Once we receive your information, our dedicated team will investigate the matter thoroughly and provide you with an update as soon as possible. We appreciate your patience and understanding.
Kind regards.
Octa Rep.