Octa Malaysia - Octa Forex Broker Review

Octa (formerly known as OctaFX) has been gaining experience and building a solid reputation in the FX industry ever since its arrival in 2011. By winning more than 70 industry awards, such as “the Most Reliable Broker Asia 2023” award from Global Forex Awards and “the Best Forex Broker 2023” award from AllForexRating.com, Octa is committed to becoming a reliable partner for its clients in the Financial Markets.

Octa Forex broker provides its clients from 180+ countries with more than 300 tradable assets, including currencies, stocks, shares, indices, metals, energies, commodities, derivatives, and cryptos. The company clients can also enjoy low floating spreads from 0.6 pips, a minimum volume of 0.01 lots, and leverage as high as 1:1000 with a minimum $25 deposit. All the aforementioned features can be accessed using three different trading accounts on the MT4, MT5, and OctaTrader platforms. Moreover, all deposits and withdrawals are commission-free, the orders are market-executed, and the accounts are swap-free.

The broker is regulated by the CySEC, MISA, and FSCA to ensure its complete compliance with international standards. The company offers an assortment of payment methods, including local and international Bank Transfers, Debit/Credit Cards, Neteller, Skrill, Cryptos, as well as other available local payment methods in Malaysia.

Octa also provides a comprehensive FAQ page to address its client’s most common issues right away. However, if you have any further questions or trading problems, you can contact the 24/7 Customer Service in Bengali, Chinese, English, Hindi, Indonesian, Malay, Portuguese, Spanish, and Thai via Email, Live Chat, and Social Media.

If you need to know more about trading, you can use available courses, videos, weekly webinars, live trading sessions, glossaries, or workshops on the official website. Other helpful tools, such as the Daily Fundamental Analysis, an Economic Calendar, Forex News, Trading Calculator, Profit Calculator, and Pip Calculator are also available to you at any time.

Website: www.OctaFx.com

Regulations: MISA, CySEC, FSCA

Country: Comoros

Year founded: 2011

Malaysian Client Support: Yes

Local bank deposit in Malasyia: Yes

Promo: Monthly Trading Contests

Rating: 4.5 / 5

Open Octa Account

www.Octa.com

Octa Malaysia Account Types

Octa offers three different trading accounts. Unlike other brokers, the accounts at Octa are based on trading platforms, namely OctaTrader, MetaTrader 4, and MetaTrader 5, each with its unique features and trading assets. In addition, all three accounts are USD-based and come with a 5-digit Precision, No Swap, and Market Execution.

✅ 1. OctaTrader

Octa has its own trading platform, called OctaTrader. Using this intuitive and versatile platform, you can trade in 80 instruments with floating spreads from 0.6 pips. By depositing a minimum of 25 USD, you can enjoy a leverage of up to 1:1000 and zero commission with trading volumes of 0.01 lots (min) and 50 lots (max). You can also implement strategies, such as hedging and scalping in your trades.

✅ 2. MetaTrader 4

The simple and popular MT4 account is also available at Octa. To start trading in 80 instruments on this platform, you need to deposit at least 25 USD. The min and max trading volumes for this account are 0.01 lots and 200 lots respectively, the spreads are floating from 0.6 pips with leverage as high as 1:1000, and no commission. Traders who opt for this account can also use Hedging, Scalping, and other EAs.

✅ 3. MetaTrader 5

If you want to trade using a more advanced platform, then the MT5 trading account is the best choice. With a minimum of 25 USD, you can trade in 277 instruments with a leverage of up to 1:1000, floating spreads as low as 0.6 pips, and no commission. The min and max trading volumes for this account are 0.01 lots and 500 lots, respectively. Similar to the MT4 account, Hedging, Scalping, and EAs are also allowed on this account.

OctaTrader

Minimum Deposit: $25
Leverage: 1:1000
Minimum trade size: 0.01
Spread Type: Floating from 0.6 pip
Commission: No
Account Currency: USD

👉 Open OctaTrader Account

MT4 Account

Minimum Deposit: $25
Leverage: 1:1000
Minimum trade size: 0.01
Spread Type: Floating from 0.6 pips
Commission: No
Account Currency: USD

👉 Open MT4 Account

MT5 Account

Minimum Deposit: $25
Leverage: 1:1000
Minimum trade size: 0.01
Spread Type: Floating from 0.6 pips
Commission: No
Account Currency: USD

👉 Open MT5 Account

If you want to practice with real data or experiment with different order types, you can open a Demo account for free. That way, you won’t need a deposit to use all the available features including charts, and graphical objects.

Muslim traders are also well-accommodated at Octa. All three accounts at Octa are Islamic-friendly; that is to say, there are no swaps, commissions, or overnight charges for Islamic Forex accounts. Therefore, you can choose the best platform for your trade without having anything to worry about.

Octa Malaysia Deposit & Withdrawal

Octa offers a plethora of payment options to its clients from all over the world. They can deposit and withdraw via Debit/Credit Cards, Neteller, Skrill, Local and International Banks, and Cryptocurrencies (such as Bitcoin, Litecoin, Dogecoin, Tether ERC-20 and TRC-20, as well as Ethereum). What’s more, Octa demands no deposit or withdrawal fees from its clients.

The details of available payment methods are as follows:

🔸Local Bank Transfer

Deposit: min. amount depends on your country, 1-3 hours on working days
Withdrawal: min. amount depends on your country, 1-3 hours to approve and up to 1 hour to transfer on working days

🔸MasterCard

Deposit: min. 50 EUR, Instant

🔸VISA

Deposit: min. 25 USD, 1 - 5 minutes
Withdrawal: min. 20 USD, 1 - 3 hours to approve, and up to 1 hour to transfer on working days

🔸Neteller

Deposit: min. 50 EUR, instant
Withdrawal: min. 5 USD, 1 - 3 hours to approve, and up to 5 minutes to transfer on working days

🔸Skrill

Deposit: min. 50 USD, Instant
Withdrawal: min. 5 USD, 1 - 3 hours to approve, and up to 5 minutes to transfer on working days

🔸Cryptos

Deposit: min. amount depends on your currencies, 3 - 30 minutes
Withdrawal: min. amount depends on your currencies, 1 - 3 hours to approve and up to 30 minutes to transfer on working days
Bear in mind that these payment options may differ from country to country, so you should check the available methods for your country (local or otherwise).

Octa Malaysia Spreads

All account types come with floating spreads from 0.6 pips. The spreads are usually similar or the same for all trading accounts.

The minimum and typical spreads for the most common pairs are counted in pips as follows:

Octa Malaysia Security & Safety of Funds

Octa always strives to provide reliable and safe services to all of its clients. To ensure compliance with international regulatory standards, this broker segregates the clients’ funds from its operational funds. The company also offers Negative Balance Protection so you will not lose more than what you have initially invested.

To secure transactions, Octa uses 128-SSL encryption and follows strict AML and KYC standards. Transactions via debit and credit cards are secured using the 3D secure technology. Additional verification may be needed to ensure that all transactions are safe and secure.

Octa is also licensed and regulated by 3 international authorities:

👉 Cyprus Securities and Exchange Commission (CySEC) under the name of Octa Markets Cyprus Ltd.
👉 Mwali International Services Authority (MISA) under the name of Octa Markets Ltd.
👉 Financial Sector Conduct Authority (FSCA) in South Africa under the name of Orinoco Capital (Pty) Ltd.

It should be noted that clients from countries, including Cyprus, Cyprus, Belarus, Kazakhstan, Ukraine, Puerto Rico, the United States, the U.S. Virgin Islands, the U.S. Outlying Islands, American Samoa, North Mariana Island, and Guam are not allowed to open an account at Octa due to restrictions.

Trading Platforms at Octa Malaysia

MT4 is the most popular Forex trading platform and is suitable for new and experienced traders. Having access to features, such as a user-friendly interface, one-click trading, 9 timeframes, charting tools, market indicators, interactive customizable charts, and VPS, you can easily trade from anywhere. This simple platform is available in 76 assets on both mobile (Android and iOS) and desktop (WebTrader).

If you are looking for a more advanced platform with a wider range of timeframes, graphical objects, and indicators, then opt for the MT5 platform. This platform is loaded with useful features, such as stop limit orders, a built-in economic calendar, one-click trading, EAs, signals, auto-trading, and 21 timeframes. Using mobile (Android and iOS) and desktop (WebTrader), you can trade in 273 assets.

Last but not least, the OctaTrader platform is specially tailored to fit your trading style so you can improve your trading experience. Available on Android and iOS, this platform comes with one-touch trading, access to regular analytics, charting technology by TradingView, and various tools to help you keep track of the financial markets, news, and events. There are 80 instruments to trade in on this platform.

The Most Dazzling Feature of OctaTrader: Space

OctaTrader comes with yet another unique feature for smarter trading, i.e., Space. This built-in feature provides you with an array of trading ideas and market analyses to boost your decision-making capabilities in real time in addition to giving you more control over your profits.

With the help of Space, you get to modify the content according to your trading requirements. That is to say, you can create a personalized feed of your preferred trading instruments and analyses.

The clarity of explanations in space coupled with the visual representation of charts enables traders to easily decide about the when, the what, and the how of every trading opportunity in terms of, for example, Stop Loss or Take Profit Levels.

Space also allows traders to open their orders directly without having to change tabs hesitantly.

Types of Financial Markets at Octa Malaysia

At Octa, you can choose your trading instruments from more than 300 tradable assets, including currencies, stocks, shares, indices metals, energies, commodities, derivatives, and cryptos. Each account type comes with a different number of tradable instruments:

🔹OctaTrader account: 35 currency pairs, gold and silver, 3 energies, 10 indices, and 30 cryptocurrencies
🔹MT4 account: 35 currency pairs, gold and silver, 3 energies, 6 indices, and 34 cryptocurrencies
🔹MT5 account: 52 currency pairs, gold and silver, 3 energies, 10 indices, 34 cryptocurrencies, 150 stocks, and 26 intraday assets

The maximum leverage for each instrument is as follows:

🔹Forex à 1:1000 (1:200 for ZARJPY)
🔹Metals à 1:400
🔹Energies à 1:400
🔹Indices à 1:400
🔹Crypto à 1:200
🔹Stocks à 1:40
🔹Intraday assets à 1:1000