Octaindia Forex Review : Is My Money afe with OctaFX?

About Octaindia Forex

Octaindia Forex ensure clear and accurate management for your funds, transparent and beneficial conditions for trading, and easy‑to‑use service for everything else where nothing distracts you from making a profit. They help you develop the knowledge and skills to trade efficiently and responsibly. Every year they improve conditions and standards in an ongoing effort to make trading with the #1 Forex broker OctaFX your best experience in the market.

OctaFX offers a basic, low-cost MetaTrader platform experience alongside its social copy-trading platform. It has made great strides with its pricing options for traders, but suffers from a limited range of tradeable instruments and a lack of variety in its educational content. OctaFX also holds just one regulatory license

Octaindia Overview

How To  Start With Tastyworks.com

To Start Trading With Tastyworks.com Indian Residents First Have To Sign Up For An Account By Following The Steps Below.

Step 1. Click On The “Login/Signup” Link On The Top Right Hand Corner Of The Tastyworks.comWebsite.

Step 2. In The Form, Fill In Your First Name, Last Name, Mobile Number, Email ID And Password.

Step 3. If You Have A Referral Code, Enter The Code While Creating Your Account.

Step 4. Submit The Form And Wait For An Activation Email To Be Sent To You.

Step 5. Click On The “Confirm Email” Link In The Activation Email.

Step 6. After Your Account Is Activated, You’ll Be Sent A 6 Digit One Time Password (OTP), Which You Have To Enter After Logging Into Your Tastyworks Account.

Commissions and Fees

OctaFX has struggled with pricing in the past, but has vastly improved in this category and is now gaining on the lowest-cost MetaTrader brokers.

Account types: Any commissions or fees you pay at OctaFX will depend on your chosen account type and the entity under which your account is regulated. European clients will choose the broker’s EU entity, whereas international clients are served from They offshore entity in Saint Vincent and The Grenadines (SVG). In the EU, only MT5 is promoted and thus a single account is available, whereas the SVG entity offers accounts for both MT4 and MT5.

Spreads: They spread pricing varies depending on which of its entities regulates your account. For example, its EU entity is slightly better for the EUR/USD pair at 0.5 pips, compared to 0.7 pips for the SVG entity. It’s worth noting that did not provide a date range for its average spread data, and thus the values don’t carry as much weight as spreads that have a corresponding date reference. All in all, It has improved its pricing and appears to keep pace with the lowest-cost MetaTrader brokers, but with no date range available for its average spread claim, they were unable to make an exact comparison.

Year-on-year progress through constantly improving the Forex trading conditions.

They Forex outreach makes it easier for people to access the market. They measure success by providing cost-effective trading conditions, along with a completely transparent service worldwide, regardless of how high clients’ expectations are.

We’re investing in the Forex trader

An educated trader is a more empowered Forex trader. We launched a set of educational materials and Forex academy videos. We’re helping traders build stronger futures by offering a wide variety of educational videos as well as unlimited demo training accounts. These include the opportunity to earn up to $500 on a monthly basis trading in a training mode with no deposits required, and learn basic trading skills for secure trading.

Best Forex Broker India 2022

World Finance, one of the most prominent international outlets concerning financial markets, has named us the Best Forex Broker in India. The dedication and determination to provide clients in India with best-in-class service and trading conditions are what put us above the rest. This honour symbolises our hard work and reminds us of the quality we must uphold and enhance.

Is OctaFX Safe?

OctaFX is considered high-risk, with an overall Trust Score of 67 out of 99. OctaFX is not publicly traded and does not operate a bank. OctaFX is authorised by zero tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust)

Is OctaFX a good broker?

OctaFX is an up-and-coming broker that has been in operation for nearly 10 years. Its growth has enabled OctaFX to continue to expand its products and services. Adding additional regulatory licenses in tier-1 jurisdictions would be a step toward winning more client trust.