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OctaFx Malaysia

OctaFx Malaysia - OctaFx Forex Broker Review

OctaFX, a multi-award-winning Forex broker founded in 2011, is licensed by CySEC (Cyprus) and registered by IBC (SVG).

As an experienced STP broker with over 1.5 million trading accounts opened from 100 countries all around the world, OctaFX serves its clients with tighter spreads (as low as 0 pips) and faster order execution with no slippage, no delays, and no re-quotes. OctaFX offers easy and convenient Forex trading for all types of traders with the minimum deposit of $5, fixed/floating spreads with no commission, and leverage up to 1:500. OctaFX also uses the most popular trading platforms in the currency market namely MetaTrader 4, MetaTrader 5, and cTrader.

At OctaFX Malaysia, clients can benefit from various deposit and withdrawal methods (Visa, Neteller, Skrill, Bitcoin, and local Malaysian banks) and a wide range of tradable markets (Forex, metals, energies, indices, and cryptocurrencies).

OctaFX allows its traders to use all types of strategies. Novice traders may enjoy the benefits of OctaFX MICRO Account on MetaTrader 4 with the help of various educational tools and tutorials, experienced traders may choose the PRO Account on MetaTrader 5, and expert traders are welcome to use the ECN Account on the cTrader platform.

OctaFX provides optimal customer care through its comprehensive FAQ on the company’s multilingual website, along with a live customer support available 24 hours from Monday to Friday via phone call, live chat, social media platforms (Facebook, Twitter, and Instagram), as well as social chatting applications such as WhatsApp and Telegram in 12 languages, including English, Indonesian, Chinese, Spanish, and Dutch, to make sure its clients will have a satisfactory trading experience. Moreover, as a newcomer or experienced trader, you can participate in OctaFX monthly trading contests on both demo and real accounts or benefit from welcome bonuses that are offered by the broker.
Regulations: CySEC, IBC
Country: Cyprus
Year founded: 2011
Malaysian Client Support: Yes
Local bank deposit in Malasyia: Yes
OctaFx Rating: 4.5 / 5
Rating: 4.5 / 5

OctaFx Malaysia Account Types

OctaFX Malaysia offers three different accounts for different traders’ needs and expertise. OctaFX Micro Account is for novice traders on MetaTrader 4, OctaFX Pro Account is dedicated for experienced traders and accessible via MetaTrader 5, and OctaFX ECN Account is specialized for progressive traders to access via cTrader. Each account type has its own trading platform with the same minimum trading volume of 0.01 lot.

Novice traders can start trading using OctaFX Micro Account. There are two types of spreads available in OctaFX Micro Account: floating spreads starting from 0.4 pips and a fixed spread at 2 pips, with a maximum leverage of 1:500 and no commission charged.

If you are an experienced trader, the OctaFx Pro account will work best for you with its floating spreads starting from 0.2 pips and maximum leverage of 1:200. With a minimum deposit of only 500 USD, you can start trading immediately free of charge.

Traders who prefer trading in an automated trading environment will be better off with the OctaFX ECN account, available with spreads as low as 0 pip and leverage as high as 1:500. You can enjoy the best STP trading experience in OctaFx’s best ECN trading account with an extra-low commission (0.02 - 0.3 USD) for every 0.01 lot (depending on the currency pair).

CFD and Cryptocurrencies trading are only available using OctaFX Micro and Pro accounts.

For Muslim clients, OctaFX offers special Islamic Forex Account available for all account types. Traders will be able to trade without swaps, and with a low commission.
Micro
Minimum Deposit: $5
Leverage: 1:500
Minimum trade size: 0.01
Spread Type: Floating, starting from 0.4 pips, and Fixed at 2 pips
Commission: No
Account Currency: USD, EUR

Pro
Minimum Deposit: $500
Leverage: 1:200
Minimum trade size: 0.01
Spread Type: Floating, starting from 0.2 pips
Commission: No
Account Currency: USD, EUR

ECN
Minimum Deposit: $5
Leverage: 1:500
Minimum trade size: 0.01
Spread Type: Floating, starting from 0 pips
Commission: 0.02 - 0.03 USD for every 0.01 lot
Account Currency: USD, EUR

OctaFx Malaysia Deposit & Withdrawal

Deposit
OctaFX offers various deposit methods including Neteller, Skrill, Bitcoin, Visa, and local Malaysian bank with zero commission. Aside from these, other deposit methods may be available in certain countries. Clients can deposit as low as 5 USD and start trading right away.

Instant deposit is available via Skrill and Neteller. Deposits via Visa and Bitcoin will take about 1 - 30 minutes to be processed, depending on the payment system.

Deposits via local malaysian banks will take about 1 - 3 hours during working hours or will be carried forward to the next working day.

The minimum withdrawal amount at OctaFX is as low as 5 USD via Skrill and Neteller, 20 USD via Visa, and 0.00096000 BTC via Bitcoin with no commission. Withdrawal requests are processed within 1-3 working hours for approval, and up to 1 hour for transfer.
pengeluaran

OctaFx Malaysia Spreads

spreads
OctaFX offers different types of spreads depending on the trading accounts. OctaFX Micro account offers two types of spreads, namely floating spreads starting from 0.4 pips and a fixed spread of 2 pips available with several conditions: optional for USD-based MT4 account and available for several currency pairs only*.

The OctaFX Pro account comes with slightly lower floating spreads starting from 0.2 pips, whereas the OctaFX ECN account has tighter spreads starting from 0 pips, providing some of the lowest spreads in the Forex industry.

*Note that on Micro account, OctaFX offers fixed spreads only for a limited number of currency pairs, namely EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD, USD/CHF, USD/CAD, EUR/JPY, EUR/GBP, GBP/JPY, XAU/USD, and XAG/USD.

OctaFx Malaysia Security & Safety of Funds

Jaminan
Clients’ funds at OctaFX are kept safe in segregated accounts and separate from the company’s assets in total compliance with the international standards. OctaFX is regulated by IBC of St. Vincent and the Grenadines, and CySEC of Cyprus. The company also provides its clients with Negative Balance Protection in order to protect them from losses beyond their initial deposits.

Moreover, clients are required to submit their ID and proof of address for further security. Rest assured that the information you provide will remain confidential and inaccessible to third parties because OctaFX uses secure SSL encryption and advanced 24/7 protection by a team of highly professional specialists to protect their clients’ Personal Area, as well as 3-D secure technology and an individual withdrawal confirmation to safeguard the clients’ online or card transactions.

Advantages of Trading with OctaFx Malaysia

Regulated and licensed by IBC and CySEC
STP Order execution in less than 0.1 seconds with no slippage
Various types of accounts & platforms (Micro MT4, Pro MT5, and ECN cTrader)
Various deposit & withdrawal methods with 0% commission
$5 Minimum deposit for Micro and ECN, $500 for Pro
Various trading instruments (currencies, metals, energies, indices, and cryptocurrencies)
Floating and fixed spreads as low as 0 pip
Accepting various trading strategies including hedging, scalping, and copy-trading
High leverage of 1:500 with an optional swap-free Islamic account
Professional customer service with multilingual support
Other trusted Forex brokers in Malaysia
FBS Malaysia
FXTM Malaysia
XM Malaysia
Tickmill Malaysia
RoboForex Malaysia
OctaFx Malaysia