OctaFX review
Trust 7.6/10Commission-free broker built around the proprietary OctaTrader platform with strong emerging-market presence. Default swap-free accounts on every instrument and 100+ local payment options.
CySEC
FSCA
MISA-Comoros
HQ Saint Vincent and the Grenadines
Est. 2011
Segregated client funds. Affiliate link — supports the site at no cost to you.
At a glance
Min deposit
$25
Max leverage
1:500
EUR/USD spread
0.60 pips
Commission
$0.00/lot
Pros
- Commission-free across all account types
- Default swap-free on all instruments
- OctaTrader proprietary platform
- Local payment methods in 100+ countries
- Active copy trading community
Cons
- No FCA or ASIC oversight
- No raw spread / ECN account
- Limited base currency options
- No US or UK clients
Account types
| Account | Available | Best for |
|---|---|---|
| Raw / ECN spread | Scalpers, algo traders, high-volume | |
| Standard | All-in spreads, simpler costs | |
| Swap-free / Islamic | Swing traders, religious requirements |
Platform support
| Platform | Supported |
|---|---|
| cTrader | |
| MetaTrader 4 | |
| MetaTrader 5 | |
| TradingView | |
| Proprietary |
Trading costs
| Item | Value |
|---|---|
| EUR/USD avg spread | 0.60 pips |
| Commission per standard lot | $0.00 round-trip |
| Swap fees competitive? | |
| Withdrawal speed | 24 hours |
| Deposit methods | Bank Wire, Credit/Debit Card, Skrill, Neteller, Crypto |
| Base currencies | USD, EUR |
Best for
Beginners
Swing traders
Copy traders