Pros & Cons of the Popular Forex Broker OctaFX

[Ashley Cole]

OctaFX broker was established in the year 2011 and has since been one of the leading Forex brokers that numerous individuals like to choose. There are some areas in which the company seems to lack nothing or rather excels at and some others that are found to be lacking and can be remedied. There are many individuals who believe that OctaFx is an award winning company and do not seem to find anything wrong with it. Contrary to this there are a few individuals who believe that there are certain areas where this company could improve its services or role. 

 

 

Common features of OctaFX broker    

 

This broker website was created with an aim to bring about a significant change in the Forex trading industry. It has succeeded in achieving the title of being the most popular and rapidly growing Micro broker. Even though this title has been awarded to OctaFX broker it is not considered the best due to the areas it lacks in. These areas are automated trading and OctaFx does not provide the service of auto trading. Other than this certain specification this broker does not have the CDFS and commodities are necessary according to the latest trends for any trader to carry out trading successfully.

 

In spite of its many shortages this is one of the most popular brokers as it brings minimum trading deposit bonus for all ECN/STP. This is a rare quality and cannot be found commonly in the world of Forex brokers. One of the other features that numerous traders praise is the execution time, which is just a few seconds in most of the cases. There is no other broker that provides this service with the same speed. Another feature worth praising is the customer support offered by this broker. The location and time of the enquiry do not matter as the customer support executives of OctaFX are always ready to support and provide guidance. They can be contacted via both the phone and email, although for immediate response traders prefer the phone since, at times it takes some time for the reply to come through email. 

 

 

Can these features be considered good enough?                              

 

Any trader currently using this platform for trading would consider OctaFX broker to be a good service provider due to the trading platform and the accounts like ECN trading, swap trading and Micro trading. All these features guarantee a user that it is worth one’s time to give this broker a chance to test its capability. The final decision however, lies with the trader since, it is him//her who needs to trade and to successfully trade it might be necessary to have support for features like CFD, commodities and low commission spread.    

 

It is the personal view of every trader who chooses to trade with OctaFX broker, since the final choice of broker lies in the hands of the traders. It is one of the most famed brokers across the globe, as a trader is only required to deposit $5 to carry out trading and other transactions.

[Decub]

Octa Fx is one broker that has gained a lot of popularity for some time now and having tried their platform, I can say they offer a very good execution speed which is one thing that can drive so many short term traders to them and still a chance for them to make something good off it.

[pepy]

Very good but you forget to tell something here. The cons you can pros and cons but what i've got here? Nothing only pros of this broker, i know Octafx somehow actively promoted theirs and gained some popularity from traders but it seems what you posted here is totally different, overall i see that each broker has its own good and bad reviews also pros and cons.

[Decub]

Of course, just like any other successful establishment, they must also have their own challenges. It is only natural for the person in question to look at where he can get the best from the market and also compare both the good and the bad of the broker in other to get what he wants best.