Can I make money from OctaFX?
It takes practice, patience, and a certain skill set to earn money online from your orders, including clear-sighted market knowledge that will allow you to tip the balance ratio of wins to losses in your favour.
Yes, OctaFx is 100% legit and not a scam broker. Here are some key proofs: Regulated company: OctaFx is authorized and regulated by tier-1 regulators FSA SVG and CySEC. Real trading infrastructure: OctaFx uses advanced trading platforms, bridges, servers not found in scam brokers.
How much is OctaFX minimum deposit?
The OctaFX minimum deposit is $25, but OctaFX recommends $100. Traders may use bank wires, credit/debit cards, Skrill, Neteller, Bitcoin, Litecoin, Dogecoin, Tether ERC-20, and Tether TRC-20, available from the secure and user-friendly back office.
Does OctaFX work in Nigeria?
OctaFX’s Operations in Nigeria
The broker offers its services to Nigerian traders through its website and mobile trading platforms, making it easily accessible for traders in the country. OctaFX also accepts deposits and withdrawals in Nigerian Naira, which is a convenient option for Nigerian traders.
How much can I start with in OctaFX?
How much do I need to start trading Forex? Our minimum deposit is USD, but it might change depending on your region and the payment option. For example, the minimum deposit for OctaFX in Nigeria is 15,000 NGN.
How risky is OctaFX?
Octa is considered Average Risk, with an overall Trust Score of 70 out of 99. Octa is not publicly traded and does not operate a bank. Octa is authorised by one Tier-1 regulator (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and zero Tier-4 regulators (High Risk).
How long does OctaFX withdrawal take?
one to three hours
Internal processing times at OctaFX are one to three hours, plus 30 minutes to transfer the funds, making it one of the fastest withdrawal brokers industry wide.
Does OctaFX have a withdrawal fee?
OctaFX does not charge internal withdrawal fees, but traders must consider third-party costs levied by third parties, including blockchain and currency conversion charges. OctaFX never applies trading pressure on clients, and there is no OctaFX inactivity fee.
Why OctaFX is removed from Play Store?
The ED said that the OctaFX app and its portal version have not been authorised by the Reserve Bank of India (RBI) to deal in forex trading so their “conduct and operations are illegal, and also violates FEMA regulations”.
How fast is OctaFX withdrawal in Nigeria?
1–3 hours
We usually process withdrawal requests for 1–3 hours, but it’s up to your payment system how long it will take the money to reach the destination. Limits for withdrawals: Skrill, Perfect Money, Neteller—from 5 USD, without the maximum limit. Bitcoin—from 0.00096 BTC, without the maximum limit.
How can I withdraw my money from OctaFX?
5 steps to make your first withdrawal:
Sign in to your Personal Area on OctaFX.
Switch to the account you would like to withdraw the. funds from.
Click request withdrawal in the “Withdraw” section. on the right.
Enter the amount you would like to request.
Click “Request” and “Confirm” buttons below.
How to invest in OctaFX for beginners?
Making Your First Trade on OctaFX: A Beginner’s Guide
Select the financial instrument you want to trade.
Analyze the market using the charting tools and indicators.
Decide whether you want to buy or sell.
Set your desired lot size.
Set your take profit and stop-loss levels.
Click on “Buy” or “Sell” to open the trade.
How much is 0.01 lot in OctaFX?
One lot is 100,000 units of the base currency. Mini lot equals 0.1 standard lots and constitutes 10,000 units of the base currency. Micro lot equals 0.01 lots and constitutes 1,000 units of the base currency.
Can you lose in OctaFX?
Due to high volatility and price gaps, a customer can lose his/her equity. Octa compensates the account balance to zero.
Can I withdraw from Octafx without verification?
Please note that you can withdraw funds only after your profile is verified.
What is problem with OctaFX today?
OctaFX is an online trading platform. The firm’s bank accounts have been frozen for illegally indulging in online Forex trading. Investigation revealed that funds collected from investors have been used for cross-border transactions.
What country is OctaFX available from?
EU-resident traders will be onboarded through this entity. Octa operates out of Saint Vincent and the Grenadines. The financial regulator in Saint Vincent and the Grenadines, the Financial Services Authority (FSC), does not regulate Forex and cryptocurrency brokers, as outlined on their official website
Does Octafx pay real money?
All your profit and loss is real money. Demo account has simulated funds but real market conditions. You can use it to check our service, get familiar with trading tools, or test your trading strategy risk-free.
Does Octafx refund money?
Octa has implemented a transparent refund policy. In case you are not satisfied with our service level, you can request a refund. If an account was funded via debit or credit card, the funds can be refunded to the card. To request a refund, contact the Octa customer care via live chat.
Is Octa trading real or fake?
Yes, OctaFx is 100% legit and not a scam broker. Here are some key proofs: Regulated company: OctaFx is authorized and regulated by tier-1 regulators FSA SVG and CySEC. Real trading infrastructure: OctaFx uses advanced trading platforms, bridges, servers not found in scam brokers.
How much is OctaFX minimum deposit?
The OctaFX minimum deposit is $25, but OctaFX recommends $100. Traders may use bank wires, credit/debit cards, Skrill, Neteller, Bitcoin, Litecoin, Dogecoin, Tether ERC-20, and Tether TRC-20, available from the secure and user-friendly back office.
How much do you need to start OctaFX?
How much does it cost to open a Forex account? 0 USD. All OctaFX accounts are completely free. We don’t take any commissions on deposits and withdrawals, and our spreads (difference between the Buy and Sell price) are among the lowest in the industry.
Can OctaFX be trusted?
Over the years, the ‘above and beyond’ attitude of the broker has helped OctaFX receive numerous accolades, including the prestigious ‘Most Reliable Broker Asia 2023’ and ‘Best FX Broker India 2022’ awards from the World Finance and Global Forex Awards.
How long does OctaFX withdrawal take?
one to three hours
Internal processing times at OctaFX are one to three hours, plus 30 minutes to transfer the funds, making it one of the fastest withdrawal brokers industry wide.
Does OctaFX have a withdrawal fee?
OctaFX does not charge internal withdrawal fees, but traders must consider third-party costs levied by third parties, including blockchain and currency conversion charges. OctaFX never applies trading pressure on clients, and there is no OctaFX inactivity fee.
How can I withdraw my money from OctaFX?
Select the account you want to withdraw money from on the main screen. Then press Withdraw. You will see a full list of payment options available in your region. Pick the one that suits you best and press Next.
How to be successful in OctaFX?
Tips and Strategies for Successful Trading on OctaFX
Educate yourself: Take advantage of the educational resources provided by OctaFX, such as webinars, tutorials, and articles.
Keep a trading journal: Keeping a record of your trades can help you identify patterns and improve your strategy.
Where is OctaFX located in Nigeria?
Welcome to octafx
octafx falls in BUSINESS line of business. You can visit us offline at our office located at : Plot 1952, Sokode Crescent, Wuse Zone 5, Abuja. Nigeria, Sokode crescent, Abuja, Abuja Federal Capital Territor, Nigeria