Founded in 2011, OctaFX operates as part of an international group that includes Octa Markets Incorporated in Saint Vincent and the Grenadines and Octa Markets Cyprus Ltd in Cyprus. The minimum deposit using Visa or MasterCard stands at a low $25, offering access to 229 tradable symbols.

During my comprehensive three-year assessment of OctaFX on ForexBrokers.com, I found that despite its proprietary web and social copy-trading platforms, OctaFX struggles to provide an advanced MetaTrader platform experience.

While there have been strides in improving pricing options, OctaFX faces challenges due to its limited selection of tradable instruments and lacks diversity in educational materials. OctaFX holds only one regulatory license.

OctaFX’s Trading Instruments

With fewer than 230 tradable instruments available, OctaFX lags behind industry leaders like Saxo Bank, IG, and CMC Markets, each offering over 10,000 tradable instruments.

Cryptocurrency trading on OctaFX is confined to CFDs; direct trading of underlying assets, such as purchasing Bitcoin, is not supported. Notably, neither U.K. residents nor retail traders from any U.K. broker entity are allowed to engage in cryptocurrency CFDs.

• Forex Trading (Spot or CFDs) Yes
• Tradeable Symbols (Total) 229
• Forex Pairs (Total) 40</