Pros
  • High-quality trading platform
  • Advanced tools
  • Automatically analyzes the market
  • Transparent and good conditions
Cons
  • No transaction-fee-free mutual funds
  • One platform to trade

Company Information

OctoFinance is a trusted global broker. OctoFinance’s team consists of only highly qualified professionals with excellent customer service skills and long experience in the finance branch. They offer you the most transparent market conditions. They provide as much information as needed in the order you could predict potential price movements and other changes. Moreover, they give you access to many automated trading strategies.

Markets

OctoFinance scans markets very carefully for real time-pricing and automatically analyzes the market so that you predict the possible swifts on the market. The main perk of trading with OctoFinance is that you can trade whenever you want. Just pick up any device and go for it. OctoFinance provides you also with the best trading conditions at any market you select.

You can capitalize on diversity in markets like different currencies, stock, products, or indices. Just for your information, the stock market is the oldest one, and the most popular among the customers. Although, the others are gaining more and more popular every day as well.

● Indices
● Currencies
● Stock
● Products

Trading accounts

Let’s compare the three types of account the broker offers: Mini, Standard, and VIP ones. The main difference lies in the amount of the first deposit, leverage, spread, number of trading tools, and some other additional perks.

  • MINI
  • • First deposit – $250
    • 50 trading tools
    • Leverage – 1:200
    • Spread – from 3 points
    • Bonus – up to 35%
    • Account insurance – up to 15%
    • Commission fee
    • Micro lot trading available

  • STANDART
  • • First deposit – $1000
    • All trading instruments available
    • Leverage – 1:100
    • Spread – from 2 points
    • Bonus – up to 75%
    • Account insurance – up to 40%
    • No commission
    • Micro lot trading available

  • VIP
  • • First deposit – $5000
    • All trading instruments
    • Leverage – 1:20
    • Spread – from 0.7 points
    • Bonus – up to 100%
    • Account insurance – up to 75%
    • No commission
    • Micro lot trading available

Open an account

Account registration at OctoFinance is a straightforward process. To complete the registration of an account at the Octofinance broker you should submit the basic documents like some verification of a person and an address. Once you have completed all the above steps you will have access to a live trading account.

Minimum deposit

Mini accounts can be opened for as little as $250, at the same time Standard accounts require a slightly higher minimum deposit of $1000. Last but not least, you can open a VIP account with a minimum deposit of $5000.

© OctoFinance website screen

Trading Platforms

OctoFinance offers the MetaTrader platform. The trading platform often comes with charting, research, and order processing tools as well. MetaTrader platform allows you to trade directly from the charts, basically in one click. You can place, limit, and stop orders, set and change, fix profits and stop losses, as well as set trading alerts. To recommend only high-quality brokers, our reviewers have tried and tested OctoFinance’s trading platform, taking into account the factors like how easy it is in use and what features it offers. At OctoFinance, you can trade using MetaTrader and MT for mobile. MetaTrader is often considered as one of the most popular trading platforms. In other words, it is well developed and meets the needs of a lot of users. The software is rather simple and convenient for many users, that’s why many prefer it so often. Besides, with the MT platform, the broker allows you to trade all of the available instruments.

Our verdict

In reviewing OctoFinance, our experts concluded that this well-regulated broker suitable for those who want to trade through the MetaTrader platform. OctoFinance has gained respectable experience over the years. It also gives a bunch of incredible trading tools, which will come in handy. They also suggest good conditions to trade on the market, while offering a plethora of trading activities. Tight spreads, fair deposit limits, and low non-trading fees also make this broker highly accessible. We’d be happy to recommend this broker to traders of all levels, yet we found that intermediate and experienced traders will find it particularly appealing, thanks to the advanced platform and features suggested. So, feel free to sign up with OctoFinance right now to benefit from a trusted broker that offers many advantages over its competitors.

OctoFinance Details

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3.0 rating
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2.17 (3 votes)
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ROBERTO RETTEGNO
ROBERTO RETTEGNO
December 18, 2020 8:44 am

At first this broker was great, execution and customer service. However, over the past few months I have found the platform to run very slowly.

Marcelo Cadetto
Marcelo Cadetto
December 3, 2020 3:23 pm

Been with this broker for 2 years no problems at all
Fast withdrawal
Best spread plus commissions in the market
The support is amazing fast replies.
Gonna recommend to every trader out there

Fabio Cavallaro
Fabio Cavallaro
February 7, 2020 6:36 pm

When the news appears, the platform becomes slow and therefore the chart in little time frames is unreal

Alessandro Concetti
Alessandro Concetti
February 2, 2020 12:12 pm

Well I love traders way. I was skeptical about v load however they came through with my withdrawal.
They ask for allot of stuff. Just get it to them and get your stuff processed. If not then your just holding up your finances. When approved you may have to wait a week or two. Just know if you got your documents in then all you gotta to do is wait patiently. Sincerely Alessandro Concetti

Davide Iacovone
Davide Iacovone
January 27, 2020 2:32 am

Deposit and withdrawal on OctoFinance has been excellent so far. Quick payout, except that there is no international bank transfer on their list. Other than that, everything is working fine

Claudia Renna
Claudia Renna
January 14, 2020 4:51 pm

I had made a mistake myself while depositing into my account via Bitcoin. I had made two deposits and had wired the second deposit to the same BTC address as my first one, while the BTC address changes for each deposit.

I expected the money would be ‘lost’ (which is normal if you wire to an incorrect BTC address), but I reported my mistake to OctoFinance customer service and within a day I had the money added to my trading account, without a problem.

I’ve had multiple other issues resolved with them as well over the past months and I must say that OctoFinance has left a very good impression so far. Also a withdrawal that I made came to my bank account incredibly quick, in just a couple hours it was all arranged. Highly recommend.

Cristian Aru
Cristian Aru
January 6, 2020 5:11 pm

I started working with OctoFinance in January and I love it. The spreads are low compared to other brokers. The swaps are a little high but nothing too crazy. I’ve been very profitable with them. I started my account with 12,000 and was able to flip my account to 32,900 in 2 months. They are very nice people and there customer service is great. I had a problem with my withdrawal twice and they contacted the specific company to make sure my case was handled & that same day I was able to withdraw. I don’t have anything bad to say about them.

Veronica Bosii
Veronica Bosii
December 22, 2019 10:30 am

I was negatively surprised when I couldn’t make an account because of my age. I’m 20…

Lina Lucia
Lina Lucia
December 10, 2019 7:58 pm

The web site is totally uncomfortable and is not clear. I don’t like it!

Sean B
Sean B
December 5, 2019 1:15 pm

I really like OctoFinance. I am able to enter/exit without incident.

Mark Stoms
Mark Stoms
December 2, 2019 10:22 am

Easy and relatable if you want to deposit money from tradersways to your cashapp or coinbase ! Takes about 24hrs worth the wait!