MouthShut.com Would Like to Send You Push Notifications. Notification may includes alerts, activities & updates.
Secure your account
Please enter your valid contact number to receive OTP.
Just one step away to protect your account with 2FA.
Protect your account by adding an extra layer of security.
Home > Personal Finance > Trading Platforms > Octa
Octa
Customer Service:
Staff Courtesy:
The ingenuineness of this review appears doubtful. Justify your opinion.
I feel this review is:
https://www.octafx.com/
If you had to choose between the Octatrader and the MT5 they have, for daytrading, which one would you choose and why?
Aug 14, 2025 03:59 PM
By: Hanuman624
4 Answers
choice between Octatrader and MT5 depends on your priorities: choose MT5 for its advanced algorithmic trading capabilities, extensive community, and robust analytical tools, or select Octatrader if you prefer a more integrated, beginner-friendly platform with strong bonus incentives and competitive fees from Octa, as Octa offers both. MT5 excels at creating highly detailed automated trading strategies using its MQL5 language, offering intricate control for complex automated systems.
Sep 09, 2025 04:02 PM
By: GPaereen83
MT5 excels at creating highly detailed automated trading strategies using its MQL5 language, offering intricate control for complex automated systems. choose MT5 for its advanced algorithmic trading capabilities, extensive community, and robust analytical tools, or select Octatrader if you prefer a more integrated, beginner-friendly platform with strong bonus incentives and competitive fees from Octa, as Octa offers both.
ohhh, what a question. I think the answers will vary from perso to person. but here what I think.MT5 is well known with its features. I think it is more for veteran traders, who have lots of xp.But it doesnt mean Octa trading app is for beginners only. Well, sure its user-friednly interface makes things easier for novice traders, but the smooth working of the app is so appealing that all will find it good for trading.So, you decide after you try
Aug 25, 2025 02:12 AM
By: Hari_Dalvi
OctaTrader is the better choice due to its intuitive interface and focus on modern trading needs, especially for beginners, while MetaTrader 5 is more suitable for experienced traders with its advanced features and complex interface. Designed with the needs of today''s traders in mind. Allows trading across various markets, including stocks and commodities.
Aug 14, 2025 04:29 PM
By: TulersiD92
Did someone use their AI tools, how was the experience with it?
Jul 10, 2025 05:25 AM
By: PremSrivastava957
5 Answers
AI Pattern Recognition to automate and improve technical analysis, and OctaVision to analyze trade performance and receive data-driven feedback. OctaVision acts as an impartial mentor, using historical data to provide actionable advice for improving trading skills and strategies.
Aug 13, 2025 04:32 PM
Octa (formerly OctaFX) has introduced AI-powered tools in their trading platform, OctaTrader, with a focus on enhancing technical analysis. The new AI Pattern Recognition tool is designed to help traders identify chart patterns faster and more accurately, potentially improving decision-making.
Aug 07, 2025 04:04 PM
By: abhpkap866
I didn’t use the AI that helps with charting and making technical analysis, all because my strategy is too complicated and difficult. I think only a real human being would be able to do that. However, i’m using octa vision, which is their second AI, and it’s very helpful. It analyzes the data of your trades and gives you recommendations on how to improve. It turns out that i was using leverage incorrectly, placing a big portion of my account. No such mistake now for me.
Jul 20, 2025 01:59 AM
By: VinayDhonsi688
Yeah, you have no other choice but curiosity if you trade on their custom octatrader platform. It’s like begging you to try... Who will refuse to try something that might be helpful in their trading. I tried more chart’s pattern, where AI gives some candlestick patterns, important levels and basic market patterns, like triangles. I like it. Cuts some time.Don’t recommend it for beginners, as you might become lazy to read charts. But to simplify trader’s job it’s solid
Jul 14, 2025 04:40 PM
By: JafarKade842
Octa’s AI tools truly make trading easier and smarter. The Pattern Recognition tool helps spot trends quickly, so you don’t waste time on charts. OctaVision gives helpful feedback on your trades, like a smart trading coach guiding you. Many users feel more confident using these tools, and they’ve even won awards like “Best Use of AI in Fintech 2025.” Overall, Octa’s AI features save time, reduce stress, and help you grow as a trader with real, useful insights.
Jul 10, 2025 09:37 AM
By: Dipanshu0304
What do you think I need to choose Octareader or Metatrader?
Jun 22, 2025 08:55 PM
By: JairusTamba
2 Answers
cTrader offers a more user-friendly, out-of-the-box experience with advanced charting and order types. MetaTrader has a larger community, more customization options, and is the industry standard for algorithmic trading.
Sep 09, 2025 04:00 PM
Oh, it’s hard to say, depending on what experience you have and what interfaces you prefer. In case you need some customization or use algo trading, Metatrade is the best option, no doubt. If you want a more good-looking interface, yeah MT is not Miss universe, those fancy charts to boast in social media, ocatrader will be suitable. But don’t believe that it’s just a simple platform for beginners. It has its advanced tools. AI for example. Go and check, in short.
Jun 24, 2025 07:02 PM
By: PrasannaPeri
Have you tried their AI chart feature in practice, what do you think about it?
May 11, 2025 06:55 PM
By: Talabessy21412
Octa AI chart feature as a useful tool that helps traders by analyzing data and identifying patterns, saving them time and providing actionable insights into supply/demand zones and technical patterns. integration of AI into the OctaTrader platform beneficial for enhancing trading strategies and making the trading process more streamlined, though some note a slight learning curve for new users.
integration of AI into the OctaTrader platform beneficial for enhancing trading strategies and making the trading process more streamlined, though some note a slight learning curve for new users. Octa AI chart feature as a useful tool that helps traders by analyzing data and identifying patterns, saving them time and providing actionable insights into supply/demand zones and technical patterns.
AI can quickly analyze your data and suggest the best type of chart. OctaTrader has an AI chart pattern feature, and it''s designed to help traders identify chart patterns more quickly and accurately.
May 14, 2025 11:56 PM
By: SAlrtlam84
This feature aims to streamline the process of chart analysis and provide traders with faster and more accurate pattern recognition. The AI can quickly identify patterns with a single click, displaying them instantly on the chart.
May 12, 2025 04:57 PM
By: anjati9410
What trading conditions of Octa has proven without doubt to be very profitable while trading?
Apr 14, 2025 03:46 PM
By: VijayPillai
None of them… I mean profitability depends on you, on what trading conditions the broker offers you. Suppose you have launched a business, what would impact your profit more, sales or expenses. The same with trading. Costs of the service impact profits but not that much. To be fair, octa has something to cut your expenses. Completely free from swaps, meaning no fees for holding trades overnight.
May 18, 2025 08:19 PM
By: DasBoase417
While there''s no single "guaranteed profitable" trading condition, Octa''s trading conditions, such as low spreads, no commissions, and a variety of trading instruments, can contribute to a potentially profitable trading experience.
May 12, 2025 05:22 PM
Octa allows traders to use leverage up to 1:1000, which can amplify potential profits, but also requires careful risk management. This feature ensures that traders cannot lose more than their deposited funds, offering an extra layer of security. Octa supports a wide range of deposit and withdrawal methods, offering convenience for traders.
Apr 15, 2025 05:23 PM
By: KRugthar85
Octa''s trading conditions, specifically their low spreads, commission-free trading, and negative balance protection, have been cited as contributing to a profitable trading environment for many users.
Apr 15, 2025 04:55 PM
By: shaspi9915
Does Octa cater to muslims and are the Sharia principles taken into consideration?
Apr 10, 2025 08:03 PM
By: Pradeep_sangha
They do, you can see it on their website under the islamic account section
May 25, 2025 10:00 PM
By: ShaniOmehia814
Yes, OctaFX caters to Muslim traders and adheres to Sharia principles in its trading platform. All of their accounts are Islamic-friendly, meaning they are swap-free and Sharia-compliant, allowing for halal trading. This is achieved by adhering to the three core principles of Sharia-compliant trading: no riba (interest), no maysir (gambling), and no gharar (uncertainty).
Apr 23, 2025 11:10 PM
By: NaharidF85
OctaFX''s Islamic accounts do not charge swap fees, which are considered a form of interest in conventional trading. The Islamic accounts prohibit trading in certain industries like alcohol, gambling, and tobacco, which are considered haram.
Apr 15, 2025 05:28 PM
Yes, Octa FX caters to Muslim traders by offering Islamic accounts that adhere to Sharia principles. These accounts are designed to be halal by eliminating interest (riba), avoiding uncertainty (gharar), and prohibiting trading in certain sectors considered haram (e.g., alcohol, gambling).
I often scalp my trades and take almost 10 trades a day. Is this broker suitable for my trading strategy?
Mar 28, 2025 12:49 PM
By: Dharya_Vad
3 Answers
I trade and plan to continue trading with the Octa broker in the foreseeable future. I am willing to share my experience on this platform. Octa is a transparent international broker with low spreads and no swaps.
May 12, 2025 05:20 PM
When trading through the Octa platform, you are free to trade with a couple of strategies that really align with the market''s flow.
Apr 15, 2025 04:59 PM
Yes it is. Only thing is you have to watch out the spread.
Apr 08, 2025 11:33 PM
By: abuisaacm
What is that halal trading account, and why does everyone say that Octa is halal?
Feb 09, 2025 12:21 PM
By: AbhayaDesai510
A "halal trading account" is designed for Muslim traders to ensure their financial activities align with Islamic principles. OctaFX is often considered "halal" because it offers swap-free accounts, meaning they don''t charge or pay interest, which is prohibited in Islamic finance.
It`s the Islamic account for Muslim traders that Octa offers, without any interests, swaps, fees.
Mar 04, 2025 03:50 PM
By: DyausRaval
So basically halal trading account is type of trading account that adheres to the Islamic laws, and main are:- absence of interest payments (swaps)- absence of high uncertainty (gambling)- prohibited items for tradingSo Octa is considered halal because they have swap free accounts and they don''t offer something that is haram, as currenices are halal. About the gambling, it''s up to trader, but they provide solid trading conditions. Hope it helped.
Feb 17, 2025 12:10 AM
By: TobiahPandia122
Can the difference in spreads offered by this platform affect the trading results enormously?
Jan 16, 2025 10:04 PM
By: Vishal_Desai25
Yes, the difference in spreads offered by a trading platform can significantly impact trading results, potentially making them more or less profitable. Lower spreads are generally preferred, as they reduce the cost of entering and exiting trades, ultimately allowing traders to realize more profit from price movements.
nah it cannot, unless you trade at a time where the news are being released. The spreads are more or less average almost all the time, but they may get wide for a half an hour or so when the major news are being released, like CPI or Non farm payroll. If you follow an economic calendar and avoid trading at those times, you will practically feel no difference.
Jan 26, 2025 03:09 AM
By: Veer_A
We choose floating spread over a fixed spread as it is often lower than average. Trading derivatives on indices is less costly than trading the underlying index, with similar scope for profits.
Jan 22, 2025 05:17 PM
By: PalrtVerma
Octa is best suited for both beginner and intermediate traders due to its easy-to-use platform, educational resources, and low minimum deposit requirement.
Jan 17, 2025 04:20 PM
By: SBertgum97
What type of services does Octa offer and are they reliable?
Dec 14, 2024 01:44 AM
By: Dyal_Gaur
Better you create demo account to see all available pairs and indexes. I have been using Octa since 2020. I do long trades, scalpe trades and now i do algo trading too. All good. Their customer service is great.
Apr 08, 2025 11:35 PM
It will take years to describe all of them here. I would recommend to you to sign up on your own and check everything out what services are available there. But I can share the main service that definitely stands out among other brokers is how Octa provides demo competitions for real rewards. Yeah, I’m not kidding at all right now, you can win 500$ for 1st place in the tournament but the number of participants is huge and the competition isn''t going to be easy for you.
Dec 18, 2024 02:56 AM
By: RishuJ
OctaFX offers a variety of trading platforms and tools. OctaFX provides educational materials to help traders. OctaFX offers over 300 trading instruments, including shares, commodities, and indices. OctaFX offers portfolio management services.
Dec 16, 2024 06:36 PM
By: sahann1974
Is there any significant advantage of the Octa trading app over the Metatrader’s apps?
Nov 06, 2024 07:23 PM
By: Isitan_Sheedi
ability to trade in micro-lots, copy trading, and strong educational resources, I rate OCTA as a suitable broker for beginners. Experienced traders can take advantage of the advanced features in the MetaTrader platform, such as automated trading.
Jan 17, 2025 04:21 PM
There''s something called Space, where you can see some insights into trading. Some ideas for assets, and its a place where you can learn, so I guess this is the advantage of Octratrader over the MTs.
Nov 15, 2024 05:09 AM
By: UsmanChoudhry
MetaTrader 4 is available as a web platform compatible with Windows, Linux, and macOS. Octa is a transparent international broker with low spreads and no swaps. The Octa trading app enables you to trade different assets on embedded trading platforms.
Nov 07, 2024 05:09 PM
By: arjpkm3438
Which Octa trading account do you recommend a beginner starts with?
Oct 13, 2024 08:25 PM
By: Satish_Naruka
For sure, demo account, it`s obvious for beginners. Majority of us started on virtual accounts and then after gaining some benefits from mistakes switched to real. I advise you not rush and try the octa`s platforms first and after few months, when you get used to, leap to real one.
Nov 22, 2024 05:25 PM
By: JeetSan
full trading experience while using only virtual funds without risking any real money. The Octa trading demo account boasts all the features of the real one.
Nov 07, 2024 05:34 PM
By: ParpkinB81
Hmm, OctaTrader looks the most suitable for beginners. Although I may be wrong. Nevertheless, OctaTrader account has everything that beginners need in trading. And in my opinion, this trading platform is less difficult to manage than other platforms. It seems to me that for beginner, the ease of managing platform is what has the biggest impact on trading. And in addition, this platform is as effective as MT platforms
Nov 05, 2024 07:16 PM
By: Kamlesh_Kamlesh
The Micro account is best suited for beginners as it has lower minimum deposit requirements and allows you to trade in smaller lot sizes. The Pro and ECN accounts are more suitable for experienced traders who have a higher risk appetite.
Oct 15, 2024 04:53 PM
By: SPapkPal81
Have you competed in demo challenges for real money here, what is the strategy I should use to claim these $500 for myself?
Oct 12, 2024 06:26 PM
By: Sharya_Nai
There are two ways to claim a bonus. ability to trade in micro-lots, copy trading, and strong educational resources, I rate OCTA as a suitable broker for beginners. Experienced traders can take advantage of the advanced features in the MetaTrader platform, such as automated trading.
Jan 17, 2025 04:29 PM
Honestly I haven’t but I know someone who did and the main strategy you should focus on should be your risk management strategy. It can help you balance your account and also grow it other than just blowing it up.
Nov 08, 2024 07:48 PM
By: Radheshyam_Pratap
I have tried once. It''s a cool way to stimulate tradrs.But it was only once and I have no idea which strategy you have to implement to grab these 500 bucks. I reckon... a lot depends on the proficiency level, cuz there are not only newbies who actively compete each other in this championship. There are advanced traders with time-proven strategies.Try smth from tech, analysis, like combination of MACD with some other indicators like... AO oscillator and all that.
Oct 22, 2024 08:45 PM
By: Ghanshyam_Patel
What you find special when using services of this broker? Was anything that seeme different from other brokers?
Sep 23, 2024 06:20 AM
By: Zaram_Satti
they provide accounts and platforms separately and it is indeed convenient for many traders. Octa is considered Average Risk, with an overall Trust Score of 72 out of 99. Octa is not publicly traded and does not operate a bank.
Jan 22, 2025 05:20 PM
This platform offers me a bespoke octatrader platform that saves me time, opens me up to opportunities and most importantly profits! This platforms market analysis stood out from other platforms to me because their currency rates where always current.
Sep 28, 2024 11:37 PM
By: Anuraag_S
they offer real and demo accounts. Both are available on OctaTrader, MetaTrader 4, and MetaTrader 5. Real account allows you to operate real funds. All your profit and loss is real money. Demo account has simulated funds but real market conditions..
Sep 25, 2024 06:19 PM
By: asaderfi82
Have you seen the new AI feature, OctaVision? The one that gives you reviews on your previous completed trades, and says how you could''ve improved the profits. What do you think about it, have it helped you trade? How to best use it, you think?
Aug 27, 2024 01:45 PM
By: JinawiM
Yes, OctaVision is a new AI feature within the OctaTrader platform, as it provides traders with AI-powered analytical tools, including detailed feedback on their trading strategies and personalized advice. It also includes features like AI Pattern Recognition which analyzes historical data to highlight actionable trends. The consistently profitable traders share specific rare characteristics.
May 12, 2025 05:35 PM
An interesting thing fosho, but gotta be used appropritately.What u need to do not look at single trade, but collect like general mistakes and try to improve the most reoccuring ones, id do it like this.
Aug 28, 2024 01:16 PM
By: Damar_Salahudin
AI-driven platform that harnesses vast datasets to anticipate market movements and make autonomous trades. AI has the potential to enhance trading strategies and potentially convert losses into profits by analyzing vast amounts of data.
Aug 27, 2024 05:47 PM
By: Abdpkr1992
With Metatrader getting banned in some countries, at least in Google Play, I''m thinking of trying out their Octa platform for trading. It''s good that they have their own platform, but how does it compare? Does it have any unique features or something lacking that I should know about? Anybody trading through their web trader here?
Jul 16, 2024 07:25 PM
By: WahiEhsaan
Man ima be honest, idk about the webtrader.But, I have Octa on my phone, and it is pretty good. I just settled with Octa, don''t know why I didnt go with MT, but I am pretty ok with Octa. Good thing here is you can customize it, and it is on the same high level when it comes to trade execution as MT. it has all you have, so I guess its a nice replacement for MT.
Oct 03, 2024 06:53 PM
By: Darpan_Bera
Nothing is lacking, at least for me. I see it as a great app, somehow a combination between MT4 and MT5. It has the simplicity of MT4 and the tools from MT5.
Aug 09, 2024 01:09 PM
By: TalhaHakim
I am sure that you can get used to any interface and any type of trading. I mean, most likely, trading on web platform may seem unusual to someone. But trust my experience, after a couple of hours of working on this platform, you will get used to all its features.
Jul 26, 2024 01:45 PM
By: Lee_Tsotetsi
How would you rate the quality of their customer support of Octa broker if you had the opportunity to interact with them?
Jun 27, 2024 03:56 PM
By: YakubuOluwaseun
Some say Octa''s customer support is highly responsive. Octa''s customer support is said to be staffed by knowledgeable and friendly people. Octa''s customer support is said to be committed to resolving issues efficiently.
Nov 25, 2024 04:20 PM
By: sajankatun
I ain''t wanna imagine, I just can tell you about my real experience of chatting with their client support agents. They seemed to be affable and helpful, you know, when you ask the question they immediately react and try to resolve your problem or just answer this question. If needed, they can give you full-fledged instructions how to resolve the problem step by step. For instance, I asked them about pricing policy and they clearly conveyed all the info.
Jul 02, 2024 06:17 PM
By: IfunanyaIfeoma
The broker provides comprehensive trading tools and features that traders can leverage to optimize their trading strategies. Additionally, Octa offers impressive customer support to assuage any potential challenges traders might face.
Jun 27, 2024 05:31 PM
By: Ankerr1996
What documents do you accept for verification?
Jun 19, 2024 02:25 PM
By: Adnan_J
OctaFX accepts government-issued photo IDs, such as passports, driver''s licenses, and national identity cards, to verify user profile. user can also submit a residence permit.
Jan 17, 2025 04:33 PM
document verifying customer identity. It can be a passport, national identity card, or any other government-issued photo ID.
Jun 27, 2024 05:35 PM
By: umegtr8650
Hi! Thanks for your interest in Octa. It''s a delight to see that you are interested in trading with us. The acceptance of the verification documents depends on the country of origin and the country of stay. Generally, it would be your IC/ID (Identity Card), Driving License, and/or Passport. For more details, please contact us via support@octafx.com. We are always available for you.
Jun 20, 2024 12:55 PM
By: OCTA
Are you satisfied with its market range and the instruments available for trading on this platform?
Jun 18, 2024 10:29 PM
By: DonaldTaylor
difference in spreads offered by a trading platform can significantly impact trading results, potentially making them more or less profitable. Lower spreads are generally preferred, as they reduce the cost of entering and exiting trades, ultimately allowing traders to realize more profit from price movements.
Apr 15, 2025 05:18 PM
CompletelyI can tell you about my experience. For me, this platform has everything I need. And even more.To be honest, I still haven''t tried trading each of assets that available to me on platform. Here are really a lot of them.Such diversity, in my opinion, makes it easier for me to find patterns. I use these patterns to open trading orders.
Jul 09, 2024 07:07 PM
By: Prabhat_11
Hi! Thanks for taking an interest in Octa. We offer currency pairs, cryptocurrencies, energies (oil and gas), indices, and Gold and Silver. Under MT5, you may even trade metals and 10 index CFDs. Also, Octa has released its own trading platform, OctaTrader. Currently, it offers a floating spread, 32 forex pairs, 2 metals, 3 energies, 10 indices, and 30 cryptos. If you would like any specific instruments to be added, please contact us at support@octafx.com. We would love to hear your feedback.
Jun 20, 2024 01:06 PM
What spreads do you have? Are there any fees?
Jun 04, 2024 02:21 PM
By: Patman_Turabi
Octa offers floating spreads, meaning they fluctuate based on market conditions. They don''t charge any commissions, deposit fees, withdrawal fees, or swap fees. For major currency pairs, spreads typically start around 0.6 pips. Octa''s spreads are variable, changing throughout the day based on factors like market liquidity, volatility, and trading session.
Apr 15, 2025 05:19 PM
OctaFX offers tight spreads and no fees or commissions for trading instruments. Spreads vary depending on market conditions, such as during major news releases, high volatility periods, and at market open. OctaFX doesn''t charge any fees or commissions for trading, including no deposit or withdrawal fees.
Nov 25, 2024 04:22 PM
OctaFX offers low spreads and no fees or commissions for trading instruments. OctaFX offers spreads starting at 0.6 pips for major currency pairs and 200+ other assets. OctaFX doesn''t charge any fees or commissions, including swaps or inactivity fees. All fees are reflected in the spread.
Nov 07, 2024 05:40 PM
Hello! We offer a floating spread that is often lower than average. However, it may fluctuate during market opening, rollover, major news releases, or a high-volatility period. If you wish for lower spreads, opting for Gold or Platinum status is a viable option, which both tighten them. There are no charges for deposits and withdrawals with Octa and no trading commissions or swaps on trading accounts. If you would like some assistance, please get in touch with us via support@octafx.com.
Jun 21, 2024 08:45 AM
Showing: 1 - 20 of 20 Questions on Octa
Success!
Thank you for sharing the requirements with us. We'll contact you shortly.
Sales Form
We will get back to you shortly.
Set Email Alert
Alert on more product reviews
Free MouthShut app saves money.
OTP Verification
Verify
An OTP has been sent to your email and mobile number. Please enter OTP to verify the account.
Didn't receive? Resend OTP
An OTP has been sent to your email address. Please Enter OTP to verify your email address