Hello, Traders In this Pandemic time were all businesses going downwards trading is one platform where all the time you can generate money with low investment. so in this post, I tell you about my personal experience and OctaFX review about this Broker.
But keep in mind am not a pro in trading platform basically I follow someone and earn some income and I invest a very small amount in OctaFX Forex trading but my account is still in profit.
So if you want to start octafx with a small capital then this post will help you. and I only did forex trading, not crypto.
Forex is better for daily earning by intraday trades with low risk of your money.
So if you are a beginner and want to earn some money with a small investment with an online source.
Then I tell you about my story too I also give a screenshot about my profit and loss below and try to give my overall experience what I feel in these 2 years.
- 1 About OctaFX
- 2 OctaFX review
- 3 Octafx copy trading review
- 4 How to Open an account in OctaFX
- 5 Octafx mt4
- 6 Review about octafx advantages
- 7 Octfx Login
- 8 Conclusion on OctaFX My Review
The company is first established in 2011 it offers Forex ECN trading, CFD trading on Indices, Metals, and Cryptocurrencies.
And its a globe trading Platform Octafx is most popular in the Asian market they have 900000+ users at the time which trades $4bn volume each day.
And the reason behind it is you can easily withdraw and deposit your money on it my joining reason is also this.
You can withdraw & deposit with your Indian local bank You can also use your Paytm account for it which not even provide by other competitive brokers.
The headquarters of octafx is located Suite 305, Griffith Corporate Centre, Kingstown, Beachmont, St. Vincent.
And by FX Daily Info they achieved Best Forex Broker ASIA 2019 and BEST ECN/STP BROKER 2019 and by European CEO Magazine, they get Best FX Broker award of 2018.
So here is my earning status when I opened the account in 2019 January I get 1:1000 leverage option but now they offer 1:500 and also 50% bonus offer. in this article, I also tell you about how to activate octfx bonus.
You see it’s going in downside but there are 5 trades are open and in this corona time, it’s going down suddenly.
But I know if I don’t close trades it makes a good profit. Also, give your opinion about my octafx trading in comments.
And forex and octafx are not illegal but in some countries, you can do trade with only limited pairs options mostly with your own country currency pairs but people are using other pairs too and they did not face any trouble but do after reading companies T&C and trade with only trusted broker like octafx.
So if you are new and want to create an account in my octafx then I tell you some review about octa forex.
But first I inform you about How to open octafx trading account and bonus which I get when you open My OctaFX account also the minimum deposit which you required in octa.
OctaFX bonus is only the best to offer to attract customers but actually when you try to get the bonus they asking to trade in the higher lot then it will be credited to your account.
This is practically not possible if you start with low capital and if you are a big trader then it will help you.
So here you can start with the OctaFX minimum deposit price which is only 20$ but I suggest you start with around 250$.
If I tell you about myself I just open my account with a capital of 7000 INR.
Which is not even equal to 100$ the correct value at that time is 98$ only.
But when I start trade I realize this is not good capital to start any trading platform mutual funds are different.
Although in the forex it is a bit low. so when I do a trade I face many risks.
Sometimes reach the level of margin and chances to flush the account.
But I didn’t close trades and I tell you if you enter this business you must have the risk-taking capacity.
And also the capability of instant making and changing decisions.
You can also activate your user status from bronze, silver, gold, and platinum.
Were you get different types of advantages like Trading signals by Autochartist, Faster bonus withdrawal, No trading commission, Lower spreads, Personal manager and many more see below in the screenshot.
Octafx copy trading review
OctaFX also has some features like copy trading which you only see in this broker.
Via this, you can copy any trader by seeing there profit and loss ratio which is available in the list and that’s it.
After that next time when the trader makes new trade its also generate in your account too with the same lot which trader chooses.
So if you have big capital then try this otherwise you lose money because the lot copy trader choose is not suited to your balance.
But make sure before copy any trader you will perfectly analysis of them because it’s not fixed that you will make profits every time.
Its a fluctuating market and no one is correct here with 100% accuracy.
If I personally give my opinion about copy trading then start copy by seeing there profit and loss ratio.
Download octafx copy trading app and watch them every time which trade they make because they generate instant profit.
But in long term review, octafx copy trading is not the best option. do the trade by yourself from analyzing the current situation of the market.
Then only you can not blame anyone if you mistakenly lose money on it.
Also, the OctaFX app is very reliable easy to operate, and very fast with low-cost execution by using MT4, MT5, and cTrader.
Also if you do trades then read this banking sector relate post prepaidcardstatus online check the status of cards it will help you.
How to Open an account in OctaFX
So if you decide to open an account after reading positive OctaFX review.
Then you can create it online without going anywhere.
It’s not like a share market where you required a Demat account.
In India, you just need an adhaar card or voter id with a PAN card if you have and one image of your passport size photo.
And after applying in 2-3 days your OctaFX account verified.
There are many advantages which help you in trading which you get after opening my octafx account like welcome bonus and lower spreads and most interesting octafx copy trading.
- For opening an account first visit the official site of OctaFX its worldwide URL you can access it from anywhere like India, Indonesia, Malaysia, South Africa, and Pakistan.
- From here you can also open a demo account of OctaFX for the trail trades.
- You can also join by one click through your Gmail or Facebook account directly.
- You can see here offers like a 50% deposit bonus and 20$ minimum deposit amount.
They also give a Fixed rate of rupiah offer when you select this option.
They charge 1$ = 55 INR ( Indian currency for example ) at the time of deposit.
But I recommend you don’t go with this offer because when you withdraw your money from octa they also give you money at the rate of 1$ = 55 INR.
It makes loss for the user because the dollar rate increasing day by day so don’t fix your rate.
And also you all know when you start making a profit in trading you withdraw more than you deposit.
NOTE: So keep this in mind at the time of open a new account in octafx
Because you can’t change this option after creating an account.
- Now click on the open account option available at the top.
- Then enter necessary details like Name, Email, and password and click on open account.
- After that, they send you an email just open that and click the link.
- To verify yourself to complete the registration process.
- By clicking the link you redirect to the next page where you need to fill some required personal details.
- Enter your Country, city, address, phone number, and Death of birth.
- And if you trade before just select yes or no option and click on continue.
- In the next step, you need to choose your trading platform which are
- MetaTrader 4
- MetaTrader 5
- And cTrader
- If you are a beginner just select MetaTrader 4.
- After selecting the platform click on continue and your OctaFX account was successfully created.
So after that, the next process is how to deposit money on octafx to start real trade.
For that, they provide an account number in there deposit section.
If you are transferring through Wire Transfer with Local Banks.
Then after money transfer takes a screenshot of it and upload it to there site.
Or if you want to do with other deposit options like Neteller, Skrill then they provide their addresses on octafx portal.
After successfully creating an account in OctaFX trading just download the Meta Trader 4 app. and start trading.
From play store or from Apple store for iOS if you want to do trades from a mobile.
You can also access it on the desktop too.
Just visit here to download for all platforms – Octafx mt4 App.
But mobile trading is an easy way from instant trading from anywhere.
I personally use this app when am roaming outside.
MT4 generally uses for retail foreign exchange trades its an electronic trading platform that provides services and released in 2005.
Review about octafx advantages
OctaFX is one of the trusted broker which have lots of customers worldwide
So its responsibility for them to provide transparency in all services. so below I post some benefits to join octafx.
- First, think which I like most is there easy to deposit or withdraw system with your local banks
- And mostly all branches of banks are added to their list.
- They also offer very tight spreads I get in between 0.10 to 0.30 in most of the pairs.
- You will get maximum leverage of 1:500.
- And there 24/5 customer care service with live chat option they give instant reply to any issues.
- No any kind of extra charge on deposits and withdrawal.
- And also take very low time to credit it in your account compare to other brokers.
- They also give a prize lot for every trade were you trade and win gifts.
- But in the corona pandemic, time all e-commerce were closed so they offer some gift vouchers.
- And last OctaFX android app where you can manage all the feature which you access on site.
So after creating the account and your identity approve by octa.
Then the next step is how to login in octafx.
So just read all terms and conditions and criteria of it before creating an account then follow this process to login into octa forex.
- For this, you need to open my octafx official webpage from here my.octafx.com/login.
- By the above OctaFX login personal area, you will redirect the main login page.
- Were they asking about email and password?
- Just enter both which you create at the time of sign up in octafx.
- And if you registered through your Facebook and Gmail account click on that option available just below the login button.
Conclusion on OctaFX My Review
So I use octafx as my secondary income source for my daily small needs.
If you can do it in the right way its make lots of money instantly.
So in starting always follow friends or some smart trader.
There also many groups in telegram and Whatsapp were they give some hint to follow the trade.
You can assume by yourself which is correct and makes a profit in a few days.
Because any trade goes longer for more than one week,
Then you need to pay more swap charges also which is common with all brokers.
So better to go with intraday trades and leave it in a small profit.
Don’t always think about making huge amounts of money its an up-down market so don’t take many risks.
And I would say OctaFX is a very reliable broker because you never face money transfer type of problem.
You can do it easily go with wire transactions if you don’t have other options.
So join them and start earning money with OctaFX best platform for online money earning.