OctaFX is a global broker that offers a wide selection of trading instruments. OctaFX acts in full compliance with international legislation and regulation standards and guarantees fund security and negative balance protection to over 6.6 million trading accounts worldwide.
The OctaFX.com website is registered under Octa Markets Incorporated, established in St. Vincent and the Grenadines, which permits its clients to take advantage of higher leverage and bonus promotions.
OctaFX has taken home over 35 major awards, most notably, OctaFX was named the Best Forex Broker in Asia (Global Banking & Finance Review, 2021). Furthermore, as we reported earlier, the best Forex app belongs to OctaFX (according to the European CEO Magazine). Still, recently, the honour of Most Transparent Forex Broker 2020, issued by Forex Awards, also went to the company.Â
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 0.6 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 $25, 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 (Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, Fasapay, UnionPay, Bitcoin, BCA, Mandiri, BNI, BRI, FasaPay.) and a wide range of tradable markets (Forex, metals, energies, indices, and cryptocurrencies).
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.Â
OctaFX provides outstanding customer care through a live customer support available 24 hours 7 days a week via live chat in 12 languages, including Malaysian, English, Hindi, Indonesian, Urdu, Chinese, German, Portuguese, Spanish, Vietnamese, and Thai, 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.
OctaFX maintains four account types. The broker acknowledges that OctaFX MT4 is the most common choice and confirms its popularity among new retail traders from emerging and frontier markets. With an average minimum deposit of $25 across all regions, traders have access to 41 assets with a maximum leverage of 1:500.
The OctaFX MT5 account offers all 47 trading instruments with the same minimum deposit. Both choices are commission-free.
The commission-based OctaFX cTrader account is available for just $100, has 30 assets to trade, and also features the maximum leverage of 1:500âits unique feature is the âlevel two quotesâ, giving an additional, more profound understanding of pricing, which the other accounts do not.
The newly launched OctaFX Raw Spread account offers the lowest possible spread by streaming prices directly from liquidity providers. Hedging and scalping face no restrictions in any of the options.
For its Islamic communities, OctaFX has developed Islamic-friendly accounts for trading. These are the best Islamic Forex accounts in the industry with a fixed commission amount for the set volume, which is not related to interest.
Micro
Minimum Deposit: $25 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
OctaFX does not levy charges for deposits, withdrawals, and currency conversions. If any payment service applies its own charges, OctaFX compensates these for the user. No additional costs exist, making OctaFX one of the least costly brokers to trade with, fulfilling its mission statement of creating a low-cost broker for new traders and professionals alike.
Also, the Forex broker has an impressively wide choice of banks in all major regions of its presence to make transfers much more convenient. There are no deposit or withdrawal fees, as well.
OctaFx Malaysia 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 0.6 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 0.6 pips, whereas the OctaFX ECN account has floating spreads starting from 0.8 pips.
* 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
Clientsâ funds at OctaFX are kept safe in segregated accounts and separate from the companyâs assets in total compliance with the international standards. 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 clientsâ Personal Area, as well as 3-D secure technology and an individual withdrawal confirmation to safeguard the clientsâ 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 secondsÂ
Various types of accounts & platforms (Micro MT4, Pro MT5, and ECN cTrader)
Various deposit & withdrawal methods with 0% commission
$25 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 0.4 pips
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
