What is Octa? Review Octafx Indonesia: spread, minimal deposit

OctaFX (rebranded as Octa) is considered one of the best online brokers with high popularity in the world, including in Indonesia. Octa Indonesia is better known as a forex broker, although in fact it also facilitates traders or users to various other asset instruments. Because Octa is a foreign broker based abroad, regulations are carried out globally.

In other words, Octa is not regulated by Bappebti as a regulator for commodity trading. However, that does not mean that the Octa broker is a fraud. They are bound by international rules and have won 70+ international awards, including as the most trusted and best forex broker in Asia 2023.

Company General Information

OCTA is a global company regulated by various authorities, including FSCA, MISA, and CySEC, reflecting the various regulations that oversee its operations. Here is a list of licenses held by Octa:

1. Octa Markets Cyprus Ltd. is regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 372/18.
2. Octa Markets Ltd. is regulated by the Mwali International Services Authority (MISA) with license number HY00623410 and international brokerage and clearing house license number T2023320.
3. Orinoco Capital (Pty) Ltd. holds a Financial Service Provider (FSP) license with number 51913 from the Financial Sector Conduct Authority (FSCA) in South Africa.

Trading Information

• Broker: Octa
• Broker type: ECN/DMA
• Account types: OctaTrader, MT4, and MT5
• Trading instruments: forex, cryptocurrencies, commodities, stock indices, energies, and CFDs
• Instrument details: 52 currency pairs + gold and silver, 3 energies, 4 stock indices (MT4), 10 stock indices (MT5) and 30 crypto assets
• Leverage: forex (1:1000), ZARJPY (1:100), metals (1:200), energies (1:100), stock indices (1:50), and crypto (1:25)
• Minimum deposit: $25 (IDR400,000)
• Deposit currency: EUR or USD
• Spread: floating, starting from 0.6 pips
• Minimum lot size: 0.01
• Market execution: under 0.1 seconds
• Swap-free account: Yes, no swap
• Hedging: Yes, available
• Scalping: Yes, available
• Order execution: STP technology
• Margin call: Yes, available
• Expert advisors: Yes, available

Why Choose Octa?

Octa is one of the best forex brokers in the world, which also serves various other online trading instruments, including cryptocurrencies, commodities (gold and silver, and energy), stock indices, and trading with the CFD (contract for difference) system. In other words, one platform provides various trading instruments, thus creating efficiency. In addition, Octa has various other advantages, namely:

• 70+ International Awards. Octa has received global recognition with more than 70 awards from 180+ countries. Octa was named the ‘Best Client Funds Security Indonesia in 2023’ by World Business Stars Magazine, and the ‘Most Reliable Broker Asia in 2023’ by the Global Forex Awards.
• Demo Account. Octa is a broker that provides a demo account for beginners to learn to understand the trading system.
• Spread. Octa offers the best spread, which is the lowest in the industry starting at 0.6 pips and the spread can be reduced by up to 15 percent during promotions.
• Execution (price changes). Buy/Sell options for price movements with the fastest execution.
• Swap-free. Provides an Islamic account that is swap-free.
• Slippage. As much as 97.5% of orders can be executed without slippage.
• Trading Transaction Fee. There are no commissions, overnight fees, and other transaction fees. Octa also does not charge any commission fees for deposits and withdrawals, as well as for currency exchange.
• WD is very fast. Withdrawals can be accessed 24/7 with a maximum transaction time of 3 hours.
• Negative balance protection. Traders can increase their confidence because Octa provides balance protection
• Various types of accounts are available. The most profitable trading conditions are available, such as high leverage, small minimum deposits, and low spreads without commissions.

Trading Instruments at Octa

Despite gaining high popularity as the best and most trusted forex broker, Octa is also noted as a quality and safe choice for various instruments. Currently, the instruments available at Octa are as follows:

1. Foreign exchange (forex) or currency pairs trading
2. Cryptocurrency
3. Commodities
4. Stock Indices
5. US and Foreign Stocks

1. Forex – Currency Pair Trading

Foreign exchange (forex) is the core of forex, you will trade various currency pairs, such as EUR/USD, GBP/USD, and so on. You can take advantage of the best offers to maximize your profits. Here are some of the advantages of forex trading at Octa:

• Lowest spread. Tight bid and ask price spreads for currency pairs.
• Easy market access. You can start trading forex online with as little as 25 USD and potentially grow big with small order sizes.
• Largest leverage. You can increase your trading volume to maximize your profit with a large leverage facility of up to 1:1000 on all types of trading accounts
• High liquidity. Octa is a highly liquid forex trading platform with high transaction volumes, carried out by traders all over the world (governments, companies, banks, and individuals).
• Transparency. Octa is a transparent broker that is clearly stated in the trading conditions. This allows users or traders to adjust trading to their individual needs and preferences, including choosing the type of account, platform, and others.
• Forex trading robot. You can use trading robots for automated trading so you don’t have to make decisions emotionally. The advantages of forex trading robots are objective decision making, easier to use, and faster. You can also use Expert Advisors, cBots, or other automated systems and then operate them all in your Octa trading account.
• Negative balance protection. Octa’s advantage is that it provides protection for every user from a negative balance. You can place investments with maximum risk and get compensation for negative balances. In other words, you will not owe anything to the broker. Despite this protection, you are still expected to build the best and solid strategy that focuses on risk management.

2. Cryptocurrency – Digital Currency Trading

Cryptocurrency has gained high popularity lately, the crypto market has skyrocketed starting in late 2020. Until 2024, the number of cryptocurrency adoptions has increased. Although the market is currently bearish, the prospects for crypto assets are predicted to be bright. Well, Octa sees this as an opportunity to facilitate users to invest in this digital currency.

Specifically, cryptocurrency pairs on Octa are available on the MT4 and MT5 platforms with 30 crypto assets available. Some of the most popular ones such as Bitcoin/USD, Ethereum/USD, XRP/USD, and many more can be traded 24/7.

3. Commodities – Trading Gold, Silver, Oil

What is commodity trading? In general, commodities are physical assets that can be traded online, including gold, silver, copper, platinum, crude oil, natural gas and other natural resources. Through the best and most trusted forex brokers like Octa, you can enjoy trading in commodity instruments, such as gold, silver, crude oil, and many more. The commodity trading system at Octa uses contracts for difference/CFDs which have the following main advantages:

• Trading without having to own the underlying assets.
• CFDs allow a two-way trading system, meaning you can make a profit both when the market is down and when it is up.
• Flexible margin trading or leverage facilities of up to 1:200 are available.
• Tight spreads are available that can minimize commodity trading costs.
• Market insights from professional analysts are available.

The most popular commodity trading is gold (XAU/USD pair). The advantage of gold trading is that it has been proven to be a reliable instrument for traders, and in addition, precious metals are very good assets during inflation.

4. Stock Index

Instead of just buying individual stocks, for example world technology stocks such as Amazon, Tesla, Microsoft, or Twitter, you can actually buy a combination of these world technology stocks through the NASDAQ index. Buying index stocks is much more stable or less volatile than individual stocks. In addition, the liquidity of index stocks is much higher than individual stocks.

Currently, Octa provides 10 of the most popular indices, including Dow Jones, NASDAQ, Nikkei, and EuroStoxx. This index stock trading system also uses the CFD concept. You can enjoy it through the MT4/MT5 platform, with 1:50 leverage, swap-free, low spreads, and transparent prices.

5. US and Foreign Stocks

Only at Octa Broker, you can profit from US and global stocks with 1:40 leverage and no commission. Easily access 16 stock exchanges and diversify your portfolio with stocks of Apple, Tesla, Amazon and other major companies in the US, UK, Europe, Japan, Singapore and Australia.

Trading Account Types at Octa Broker

As one of the best and most trusted brokers for online trading activities in various asset instruments and CFD trading, Octa Broker provides three types of trading accounts for users, namely OctaTrader, MetaTrader 5 and MetaTrader 4 with the following specifications.

1. OctaTrader

This is the latest account offering from Octa, because previously there were only two types of accounts, namely MT4 and MT5. OctaTrader can be the best account choice that is intuitive and flexible. The trading conditions offered are very good and suitable for beginners and pro traders. These include thin spreads, no commission, low deposits, and many instruments.

OctaTrader details:

• Spread: floating, starting from 0.6 pips
• Commission/markup spread: commission free, markup
• Deposit: $25 USD minimum
• Asset instruments: 35 currency pairs, gold and silver, 3 energies, 10 indices, 30 cryptocurrencies
• Leverage: Forex 1:1000 (ZARJPY 1:200), Metals 1:400, Energies 1:400, Indices 1:400, Crypto 1:200
• Minimum volume: 0.01 lot
• Maximum volume: 50 lots
• Market execution: less than 0.1 seconds
• Deposit currency: USD or EUR
• Margin call /stop out level: 25% / 15%

2. MT4 Account

This trading account is recommended for beginners or regular traders with an easy trading system. The offers provided for this account are as follows:

• Spread: floating, starting from 0.6 pips
• Commission/spread markup: commission-free, markup
• Deposit: recommended $25 USD
• Asset instruments: 35 currency pairs, commodities, 4 indices, and 30 cryptos.
• Leverage: forex (1:1000), metals (1:200), energies (1:100), ZARJPY (1:100), stock indices (1:50), and crypto (1:25)
• Minimum volume: 0.01 lots
• Maximum volume: 200 lots
• Market execution: less than 0.1 seconds
• Precision: 5 digit
• Deposit currency: USD or EUR
• Margin call/stop out level: 25% / 15%

3. MT5 Account

This trading account is recommended for professionals or smart traders with high-tech trading systems. The offers available on this account are as follows:

• Spread: floating, starting from 0.6 pips
• Commission/spread markup: commission-free, markup
• Deposit: $25 USD recommended
• Asset instruments: 35 currency pairs, commodities, 10 indices, and 30 cryptos.
• Leverage: forex (1:1000), metals (1:200), energies (1:100), ZARJPY (1:100), stock indices (1:50), and crypto (1:25)
• Minimum volume: 0.01 lots
• Maximum volume: 500 lots
• Market execution: less than 0.1 seconds
• Precision: 5 digit
• Deposit currency: USD or EUR
• Margin call/stop out level: 25% / 15%

Deposit and Withdrawal (WD) at Octa

Octa is the best broker that provides easy access for deposits and withdrawals to users, and provides many options. For deposits, payments are available via virtual accounts, internet banking, visa, fasapay, skrill, neteller, mastercard, and crypto (bitcoin, tether, ethereum, litecoin, and dogecoin, as well as 25 other crypto assets). Meanwhile, deposits and withdrawals can be made via local Indonesian banks (BNI, Mandiri, BCA, BRI, etc.), visa, neteller, skrill, fasapay, and crypto.

Fund Security at Octa

One of Octa’s advantages is prioritizing the security of client funds. Octa Broker has created a secure system for clients that can prevent all bad possibilities. Here are some measures taken to ensure the protection of user funds:

• Segregated accounts. Octa uses separate accounts for protected clients, separate from the company’s balance sheet. This has also complied with international regulatory standards, and makes funds untouchable, aka safe.
• Personal Area is SSL protected. Octa uses guaranteed technology to protect client personal data and financial transactions. The Personal Area is SSL protected with 128-bit encryption, so browsing activities are safer and data cannot be accessed by third parties.
• Account verification. Account verification process (sending ID scan and proof of address) is highly recommended to ensure secure and official transactions.
• Safe withdrawal rules. Withdrawal activities from real accounts require email confirmation, so no one can easily access your account.
• Secure Visa authorization with 3D. Octa implements a system with secure 3D technology when processing credit and debit cards. This technology creates security and transparency for all transactions.
• Advanced protection. Octa also provides advanced protection through a team of professional experts to handle data loss, damage, or technical errors.

Analysis and Education

Octa provides various useful features for traders that can be viewed in full on the analysis and education menu on the website. It includes some of the most popular tools such as trading calculators, market information, economic calendars, market insights, news, technical analysis, and various education such as webinars, forex basics, tutorial platforms, and more.

Copytrading in Octa

Another facility available at Octa is copytrading, both for copiers and masters. This feature is especially useful for beginner traders and traders who have limited time to monitor market movements.

With the copytrading feature, beginners who act as copiers will copy trades made by professional traders (masters) that you choose. Thus, even though you are a beginner, you have the opportunity to earn money by following the movements and decisions made by the master. You only need to choose the right master.

Meanwhile, those of you who are experts can register to become masters and earn extra money through other traders who copy your trades. Before using copytrading, make sure you read and understand all the terms and conditions.

Octa Trading Platform

Octa offers an innovative trading platform with various features that make your trading experience easier.

OctaTrader, their main trading platform, is designed for your convenience with intuitive and fast applications, tight spreads starting from 0.6 pips, 80 trading instruments, and no overnight fees or commissions. OctaTrader’s standout feature is Space, a smart feed that provides trading ideas and market analysis, which can be customized to suit your needs. In addition, the platform is equipped with various additional features such as instant notifications, price alerts, and the ability to perform analysis directly on the chart.

Octa also provides the widely known MT4 and MT5 trading platforms, with similar spreads and different number of assets. This allows you to trade on more than 16 stock exchanges with ease either via mobile or desktop MetaTrader.

Promotions at Octa

Octa offers various attractive promotional offers, one of which is a 50% deposit bonus. The way to claim this bonus is very easy, as follows:

1. Open an account. You just choose whether you want to open an MT4 or MT5 account.
2. Make a deposit. You must deposit at least $50 into your account.
3. Increase your deposit by half with the bonus given. You can activate a free 50% bonus in the amount of your deposit.
4. Withdraw bonus funds. You can withdraw the bonus by trading in the following lot amounts: Standard lot amount = (bonus amount in USD / 2).

How to Register and Create an Account on Octa

For those of you who are interested in trading forex, commodities, indices, or buying various of the best crypto assets on Octa, you must first register, aka create a trading account. How to register on Octa is as follows:

1. Visit the Octa Broker website.
2. Look at the top right corner of the website, select open account.
3. Fill in the online form, such as first & last name, email, and password. You can also register at Octa via Gmail, Facebook, and Apple accounts.
4. Then, verify your account.

Once you have an account, you can proceed to the initial deposit process. You can, again, choose the OctaTrader, MT4 or MT5 account type, according to your needs and preferences.

Final View

Well, basically Octa Indonesia or Octa is a trusted (legal) broker from an international regulatory perspective because this forex broker is officially regulated by a reputable authority so it is very safe. In addition, Octa guarantees the security of client funds such as a segregated account system, personal area with SSL, authorization, and advanced protection from a team of experts.

Then, Octa provides three types of accounts, OctaTrader, MT4 and MT5 with attractive and profitable offers for traders, such as low spreads (tight), fast execution, leverage, CFD trading system, and a variety of asset choices: forex, cryptocurrency, indices, and commodities. Ultimately, Octa is the ideal choice for Indonesian traders.

Frequently Asked Questions

1. What is Octa? Octa (formerly OctaFX) is a trusted and best broker that facilitates traders in the world (including Indonesia) to trade forex and various other instruments, including cryptocurrencies, global stocks, and commodities (gold, oil, and others).
2. What are the account types at Octa? Octa broker provides three types of trading accounts, namely MT4, MT5, and OctaTrader.
3. What is the minimum deposit at Octa? The initial deposit amount for online trading of forex, crypto, stocks, and commodities at Octa is $25 or around IDR 400 thousand.
4. Is Octa a trusted broker? Yes, Octa is a trusted forex broker in the world because it is regulated internationally. In addition, Octa also has a good reputation globally with 70+ international awards. Although not registered with Bappebti, it does not mean that the Octa broker is a fraud. This company is regulated and supervised by an international institution with a myriad of achievements, including more than 42 million registered traders/users.
5. What are the online trading platforms at Octa? Currently, Octa provides the MetaTrader4 and MetaTrader 5 platforms, and the OctaBroker application is also available which can be downloaded on the AppStore and PlayStore.