There are auto trading bots, plus VPS (same as MT4). Nevertheless, MT5 comes with new and handy features that traders will surely find useful. MT5 strives to replace MT4 but fails to do so, not because it’s inferior but because most brokers nowadays use MT4 as the default terminal. MT4 is available on smartphones (iPhone, Android), on any browser and as a standalone desktop version. There are no commissions attached to this account. So, the spread for EUR/USD 1.1 pips, while the leverage for the EU/UK is 1:30 (due to ESMA), and reaches 1:500 for those outside these zones.
#Octafx ctrader full#
Consider using Expert Advisors to set your automated trading while you do other business, or take full advantage of what MT4 has to offer: multiple chart management, trading directly from the chart, customized trading indicators, huge selection of trading options and much more. Here we are again with this renowned platform, and for a reason! MT4 stands tall against other trading terminals. What’s interesting is that each platform acts also as a separate account. OctatFX offers three platform for trade: MT4, MT5 and cTrader. The broker is available in the following languages: English, Spanish, Arabic, Indonesian, Thai, Vietnamese, Chinese, German, Malay, Bengali, Portuguese and Hindi. In the bustling, competitive world of Forex today, this number of assets is considered low. For those outside the jurisdiction of ESMA the spread reaches 1:500.Ĭurrently, OctatFX offers the following assets to trade with: Forex pairs, cryptocurrencies, commodities, stocks. We would like to remind readers that in the UK and EU the current imposed maximum spread limit is 1:30.
#Octafx ctrader pro#
So for the MICRO account the EUR/USD spread is 1.1 pips, for the PRO it’s 0.8-1.1 pips, and for the ECN account it’s typically 0.7-0.8 pips. Spreads depend on the account the client has chosen. Another significant drawback is that there is no regulation dedicated to Foreign Exchange (Forex) Trading and Cryptocurrency, nor are there licenses issued for these two assets:
#Octafx ctrader license#
Unlike CySEC, this license issuer has no reimbursement scheme to speak of. This body’s main duties are to ensure that financial institutions are well supervised and that all threats are acted upon with the appropriate force of action. Octa Markets Incorporated is regulated by the FSA SVG in St. As regulated by CySEC, OCTAFX is part of the ICF allowing for a compensation of up to €20 000 to be attributed to clients, if the broker fails or becomes insolvent. Octa Markets Cyprus Ltd is tightly regulated by the Cyprus Securities and Exchange Commission (CySEC), carrying all necessary investigations in order to ensure fraud-free market operations. The broker website is operated by the following companies: And it achieves that, yet can it can it practice what it preaches? OctatFX has a highly informative and accessible website that aims to promote their services in layman terms.
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