How do OctaFX brokers calculate?

Nur Indra August 1, 2021 Broker: OCTA 6

So far I have been quite satisfied trading on Octafx. The registration process, deposits, wd, opening a new account and other features are quite good and fast. And I also get rebates from the trades I carry out every week. There is one thing I want to ask. When I trade using the lock/hedging method, for example I take a Buy position of 1 lot, and it turns out the price turns down and then I open a Sell of 2 lots. It could happen that the price goes up again and I open Buy again for 3 lots, until it happens again up to 3 times. So I opened Sell again for 4 lots, Buy again for 5 lots and Sell again for 6 lots. Finally the price fell and I closed all positions when the accumulation of the 6 positions was profitable. My question is, how many lot rebates are calculated? Thank You.

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OctaFX Official August 13, 2021 Neutral

Dear. Nur Indra, Thank you for your positive review and for entrusting OctaFX as a broker for you to trade with. We are very pleased to read that you are satisfied with our products and services. We also hope that you will continue to trade forex and always be successful. Regarding your question, please note that OctaFX does not provide rebates directly to our traders. You can get rebates from our IB (partner) only. The amount of rebate that can be obtained depends on the agreement between the client and the IB. If you have further questions, you can contact us via email to support@octafx.com , our team will always be happy to help you. Sincerely, OctaFX

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Founded in 2011, Octa is a well-known broker that provides a spread privilege of 0.0 pips with ECN trading conditions. This broker also organizes one of the best demo trading contests with withdrawable prizes.

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