Octa is one of the most famous forex brokers in the world and has won many awards thanks to its very comfortable trading atmosphere and closeness to customers. Since being founded in 2011 by a professional team targeting the international market, Octa has quickly grown to become a leading retail forex broker.
Prestigious awards that Octa has received include Best ECN/STP 2019 and Best Forex Broker in Asia 2019 given by FX Daily Info. Global Banking and Finance Review magazine also awarded this broker the Best Forex Broker in Asia award in 2018.
In Indonesia, Octa is under the auspices of the Octa Markets Incorporated company and is registered with Saint Vincent and the Grenadines regulations. This broker provides various conveniences for Indonesian traders, such as providing support services via live chat and WhatsApp in Indonesian. Interestingly, Octa does not charge a commission for every deposit and withdrawal of funds made by traders.
Trading on the Octa is also suitable for beginner traders. The reason is that Octa offers low spreads, namely floating starting from 0.0 pips. The required initial deposit is also low, only USD 50. Apart from that, this broker also implements safe steps to protect client funds, namely by using segregated accounts and protecting personal data and online financial transactions with SSL encryption technology.
Octa broker offers industry-leading trading platforms, namely MetaTrader 4 and MetaTrader 5. Octa also allows traders to carry out various trading strategies, including scalping and hedging.
|Broker type||ECN/STP/DMA (5 digits)|
|Website||Click Here for Octa Broker Official Site|
|Company||Octa Markets Incorporated|
|Regulator||Octa.eu: CySEC (no. lisensi 372/18)
Octa.com: SVGFSA (19776 IBC)
|Contacts||Live chat 24/7,|
|Languages||English, Chinese, Malay, Portuguese, Spanish, Thai, German, Bengali, Bahasa Indonesia, Hindi|
|Deposit and Withdrawal||Bank Wire, Visa/MasterCard, UnionPay, Neteller, Skrill, Local Banks|
|Trading platforms||MT4, MT5 (desktop, Android, iOS, Web)|
|Trading instruments||35 forex pairs, 2 metals (Gold and Silver), 10 CFD Indexes, 2 Crude Oil, dan 5 Cryptocurrencies|
|Spreads||Floating, starts from 0.0 pips|
|Account currencies||USD, EUR|
|Leverage||Up to 1:500|
|Minimum lot size||0.01|
|Account types||Metatrader 4, MetaTrader 5|
|Order execution||Market Execution under 0.1 seconds|
|Margin Call/Stop Out||25%/15%|
Benefits of Trading with Octa
- 50% Deposit Bonus
By providing a 50% bonus for every deposit, the available capital becomes larger. This increases the opportunity to open positions, and the deposit bonus can be withdrawn under the applicable terms and conditions.
- Trade&Win Promotion
Another advantage offered by Octa is the Trade&Win Promotion. Active trading with Octa provides the opportunity to accumulate trading lots, which can be exchanged for various attractive prizes. Traders only need to open a real account in MetaTrader 4 or MetaTrader 5 through Octa and redeem the number of lots (Prize Lots) in this promotion. Prizes that can be obtained include T-shirts, Android Smartwatches, smartphones, and laptops.
- The Octa MT4 Demo Champion Contest
Fulfill the dreams of traders who want to earn real profits on demo accounts through the "Octa Champion - MT4 Demo Contest." With a total prize pool of $1000, there are 4 winners in each contest period. The prize money will be directly sent to the real accounts of the winners.
Octa Broker Advantages
The current Regulatory Protected Customer Fund in use is SVGFSA with license number 19776 IBC. Hence, the broker implements secure measures with the aim of protecting customer funds. In accordance with international accounting regulations and standards, Octa always keeps company assets separate from clients' trading funds. Customers' personal data and online financial transactions are also protected by SSL encryption technology.
- Reliable Trading Platform
Octa broker offers the world's leading trading platform, Metatrader4, for desktop and mobile trading. Apart from that, there is also the MT5 platform for trading without swaps at all.
- All Strategies Allowed
Octa allows a variety of trading strategies, including scalping, trading using expert advisors (EA), and hedging. Swap-free accounts are also available for Muslim traders who want to avoid overnight/rollover/swap interest.
- MT4 and MT5 Accounts Available
Octa offers 2 account types: MT4 and MT5. Both are run with market execution (STP/ECN), 5-digit price precision and apply floating spreads starting from 0.6 pips. Various strategies, be it scalping, hedging, or the use of expert advisors (trading robots) are permitted in all accounts at the Octa broker.
- Various Bonuses and Weekly Contests
Octa Broker often holds certain bonus promotions. In fact, this broker every week holds a trading contest on demo accounts with prizes of real funds that can be used for trading.