Copy trading octafx app

How long have they been around for? Visit website. Vincent and the Grenadines. OctaFX has a wider range of instruments to trade. The platform converts the advice and strategies from successful traders into a service which can rapidly execute trades by providing the link between the information in the markets and trade execution. Objectively, Zulutrade is more reliable based on our criteria above.

Digital Editions

Octwfx is one of the most significant drivers of the foreign exchange — or forex — trading industry. As technology advances at hypervelocity, trading tools are becoming quicker, more precise and increasingly user friendly every day. At the same time, the speed of data processing is picking up, creating new opportunities for market analysis, which has ultimately made forex trading more efficient. And, as internet penetration increases, trading is becoming more flexible, with traders able to access the market across various platforms. This makes it possible for more users around the world to copy trading octafx app in trading and benefit from the highest level of financial awareness. Each time we launch a new feature, we ask ourselves two questions: will this allow traders to be more successful? And will this be easy to interact with?

OctaFX gives you the EDGE

OctaFX gives a high priority to analysis and education for both new and experienced traders to its platform. There are a range of guides posted on their online platform that ranges from a glossary to videos in order to support investors that are getting into trading or looking for new angles to support their trading process. All the background materials are of high quality, and the videos are supported on YouTube. Customer support scores highly amongst its peers. It ticks a lot of boxes for traders, who can access it through the live chat, email, phone, or by using an enquiry form. OctaFX has accumulated a strong following over the past eight years.

Zulutrade or OctaFX?

OctaFX gives a high priority to analysis and education for both new and experienced copg to its platform. There are a range of guides posted on their online platform that ranges from a glossary to videos in order to support investors that are getting into trading or looking for new angles to support their trading process. All the background materials are of high quality, and the videos are supported on YouTube.

Customer support scores highly amongst its peers. It ticks a lot of boxes for traders, who can access it through the live chat, email, phone, or by using an enquiry form. OctaFX has accumulated a strong following over the past eight years.

There is a strong trader focus to the platform backed by very high-quality industry-standard research and learning services coupled with a ocyafx in-house copy trading facility. The pushback comes from the more limited number of instruments a user can trade on this platform. However, this should not detract from what OctaFX is, as a convenient, efficient, cost-effective trading proposition, that is attracting a number of third party industry awards.

OctaFX is a global broker, which offers a new take on tradinf aspects of the retail brokerage space. Its products are available through OctaFX. It is regulated by CySec Cyprus Securities and Exchange Commission and has offices around the globe with the majority of its business operations handled out of its office in Jakarta, Indonesia.

The firm has a strong foothold in the Asian market through its offering of an outstanding trade execution service appeals to traders from all corners of the globe.

OctaFX will appeal to those looking for the best of both worlds. It offers the pricing and execution experience of a no-frills broker but complements this with a range ocfafx additional services such as top-quality learning resources and copy trading options. Quite the opposite; the firm simply offers reliable, fast, low-cost trade execution using market-leading platforms.

Those looking to develop their skill set or improve their trading technique can kctafx on the support on hand, which is designed to cater to beginner intermediate and experienced traders.

Spreads can be as tight as 0. OctaFX provides three rrading types of account and each comes with its own trading platform. The Micro account runs on MetaTrader MT4 and is ideal for beginners because of the small-scale trading it offers.

The Pro account uses the MetaTrader MT5 platform and offers a wider range of markets than the Micro account and spreads also tend to be a little tighter. The ECN account runs off the cTrader platform, and as the name suggests, provides clients with excellent market access and the tight spreads that correspond to that level of flow.

The maximum leverage is and micro-lots 0. The trading focus is on liquid global markets. Forex pairs, metals, indices, energies and cryptos are all available, but traders looking for single stock names will be disappointed. With less than instruments on offer, there is no space for the more complex instruments such as options found in the quieter corners of the financial markets.

Being regulated by a top-tier authority CySec means the firm cop comply with certain regulatory protocols. OctaFX is so confident about its pricing that there is a section of its homepage dedicated to sharing the live spread on some major forex pairs. Even a quick glance establishes why the firm is so willing to share. With trading costs being a significant determinant of success or failure, the broker is right to emphasise what a help this could be.

The spreads do vary across the three trading platforms. The number of markets is copy trading octafx app different across the platforms, but none of the platforms offer a range of instruments that could in any way be called excessive. It is possible to trade forex, metals, soft commodities, single stocks, indices, energies and crypto.

OctaFX is as confident about its financing costs tradnig it is its execution fees. During our testing, we did find that when we scaled up into maximum position size, we were able to get very close to using up our maximum margin capacity when executing.

Then a small price move started triggering margin calls. This is an observation rather than a criticism as it just demonstrates the way the site allows aggressive trading strategies to be carried. In terms of trading strategies allowed, scalping, expert zpp and hedging are all permitted across each of the three account types, which is not to be taken for granted.

All of the three cotafx on offer are well regarded in the trading community. The MetaTrader suite of services is the most popular globally due to the blend of features it offers. There are hundreds of indicators for traders to try. The cTrader platform is typically credited with being slightly stronger in terms of charting and all-round ooctafx, but there is not much in it. At OctaFX the cTrader platform has the advantage of offering ECN-quality execution and tighter spreads, but the trade-off is that some markets such as crypto are only provided on the MetaTrader platforms.

All are free tradiny easy to access. In line with the desktop version, the OctaFX app is execution-focused. It provides a range of core services, including charting tools to help clients get into the markets with the right level of support. Being able to still engage with the full range of services from smaller screens is a real plus-point for ocfafx service.

The in-house copy trading function is a welcome addition to the OctaFX suite of services. Setting up a copy account is very straightforward.

OctaFX has done well do develop an in-house copy trade platform. Octaxf suggested upgrades from our testers are:. The MetaTrader platforms are well known for facilitating copy trading and developing trading forums. Trading signals can be easily hooked up to the cTrader platform.

The service provides tutorials, which explain how this is done and primes traders to run a cBot and use the free algorithms made available to.

This section of the site is well supported by the Customer Services and the Education sections of the site. OctaFX offers the core crypto markets of bitcoin, ethereum and litecoin — this is a limited range. On the upside, those markets that are available are traded using the MetaTrader platforms, so at least the quality of service is guaranteed to be high.

Crypto markets are only supported on accounts that use the MetaTrader platforms. They are not currently offered through Pro account. OctaFX advertises that it offers crypto trading with high leverage. The standard MT4 package, for example, comes with 30 built-in indicators, over 2, free custom ones on offer and available for purchase. The standard package comes with 54 timeframes, nine chart types, 21 drawing and annotation tools and 70 indicators.

It is possible to make a greater number of aesthetic changes to the cTrader dashboard than to the MT platforms. MT4 remains the most widely-used retail forex platform on the planet, but cTrader is gradually carving out a niche among more experienced traders who want their trading tools to be even more advanced. Platform choice ultimately comes down to personal preference, but OctaFX has signalled its intent by offering its clients the choice of three market-leading platforms.

This guide ranges from a glossary of the basics to videos on the important question of which time frame to adopt. This section includes details of the basic operations of the financial markets. There is an economic calendar, daily analysis posts, as well as trading signals and market insights. Video content is also provided and covers a variety of topics.

The videos are supported on YouTube, and much of the content is archived. All of the materials are of high quality and cater to beginners, intermediate and advanced traders. That OctaFX is catering to all these groups is a big plus for the site, and the resources are made available to traders using demo as well as live accounts. There are chat rooms and educational libraries on hand to octsfx traders make the most out of the services offered.

These areas would be particularly useful for clients looking to explore or develop the world of trading their own models. Vincent and the Grenadines. The broker has recently given up its regulatory license with the Financial Conduct Authority in the UK. Account security — in line with the guidelines provided by the better regulators, OctaFX keeps client funds in segregated accounts. Credit and debit card transactions are subject to 3D secure Visa authorisation and there are processes in place to protect clients making withdrawals.

A lot of brokers consider them mutually exclusive, so only offer one, if any at all. OctaFX provides more information about its operational risk management than it does about its regulatory framework. One suggested improvement is for the site to be more transparent when sharing information regarding regulatory client protection. Account opening is very much a standard process these days, but OctaFX does offer a particularly neat twist to the situation. The broker takes advantage of some of its clients being domiciled in regions that still permit promotions, and those clients can benefit from a range of offers.

Opening a demo account is free and easy to. Upgrading to a live account requires a bit more leg-work but is by no means arduous. The three accounts on offer come with maximum leverage levels of between and One way in which OctaFX leads the sector is its willingness to share data on its own operations. In line with this transparent approach, tradingg also provides a range of metrics relating to the performance of its customer support team.

In fact, in only a handful of instances did the response time beat the seven second figure. What was notable was how knowledgeable the staff are. OctaFX has made significant progress in a lctafx short period of time.

Since entering a very competitive market eight years ago, it has built up a client base of almost one million traders and won a host of industry awards. Such success is built on developing an approach that is, first and foremost, tgading focused. There are a lot of additional services to complement the trading interface.

The research and learning sections, for example, are of a very high standard and the in-house copy trading service is a neat addition. But the core of the OctaFX offering is the provision of convenient, efficient, cost-effective access to the markets.

Clients can opt to trade using ECN portals, which take the quality of execution up a level. The choice of trading platforms means users can select the best fit for.

There is room for improvement.

OctaFX Review 2019: Honest Broker? — What I found Out

Account Options

If you have a certain trading style e. They can split their investment as they think fit and parcel it between different Master Traders or tradng part wpp their funds in their Wallet for copy trading octafx app it all. See all funding options Losses can exceed deposits. Fortunately, all regulated brokers must use segregated bank accounts to hold client money. Popular comparisons feat. Terminating copying. Companies that are publicly listed on a stock exchange tend to be considered more reputable as they apl be required to disclose their financials, and aspects of their operations, to the public. It is a percentage below which you do not tolerate your current equity to drop if the trade gets too deep into the loss. By tapping a Master Trader on the list, you can view his or her detailed performance stats and trading strategy description. ECN Account.