Business & Finance
Is OctaFX SEBI Registered?
OctaFX is one of the best brokers in India, offering award-winning stellar online trading services. OctaFX is a Forex broker that ensures trustworthy and reliable Forex trading. It also provides an opportunity for the traders to learn and earn more. It offers a wide range of trading strategies to suit your trading type and experience. OctaFX also provides accurate and demo accounts on the trading platforms Meta Trader 4 and Meta Trader 5.
OctaFX is an umbrella brand used by Octa Markets Cyprus Ltd and OctaFX.com.
Octa Markets Cyprus Ltd, an investment firm, is registered in Cyprus using the domain OctaFX.eu and is regulated by the Cyprus Securities and Exchange Commission (CySEC), which enables users to trade with enhanced levels of safeguards under European regulatory oversight.
The OctaFX.com website is registered under Octa Markets Incorporated allowing its clients to take advantage of higher leverage and bonus promotions. It is based in St. Vincent and the Grenadines and accepts clients from 185 countries.
What makes OctaFX stand out?
OctaFX stands out for its excellent spreads and accessibility. The minimum deposit to open an OctaFX account is the lowest compared to its peers. But a lower minimum requirement does not mean lesser ideal spreads as far as OctaFX is concerned. OctaFX offers spreads on most of its currency trading pairs, even the exotic pairs.
Top OctaFX Features
Here are a few features that make OctaFX a top choice amongst Forex traders:
1. Range of Account Types:
OctaFX provides the benefit of trading from three account types designed to cater to different kinds of traders and their experience levels, such as Metatrader4, Metatrader5, and cTrader. This facility adds to the uniqueness of this platform.
2. Highly Competitive Spreads:
OctaFX offers several currency pairs to trade, including precious metals. And, all of this with market execution in less than 0.1 seconds and at an affordable cost per trade.
3. Cryptocurrency-Friendly Platform:
OctaFX not only accepts cryptocurrencies as a funding source but also allows trading of Bitcoin, Ripple, Ethereum, and 27 more cryptos. OctaFX clients may start trading cryptocurrency pairs with something as small as $100 and leverage up to 1:25.
4. Ample Market Resources:
OctaFX offers comprehensive investor education resources along with charting tools, trading signals, and investment articles that are regularly updated.
5. Follow Top Notch Traders:
OctaFX offers copy trading, which enables support on all account types. All one needs to do is log in, choose a top trader to copy, and with a click, replicate the same strategy.
Is OctaFX SEBI registered?
OctaFX has recently become a popular choice amongst traders for Forex trading in India as they enable fast execution and have low spreads. OctaFX allows an unlimited number of trading account integration, demo accounts, virtual investment, and profit calculation and analysis. Yes, OctaFX is SEBI registered and has the following features:
- Android and iOs app
- Quick Liquidity Access
- 35 Currency pairs, 2 Metals, and three indices
- 97.5% Slippage-free orders
- Smart Tech-enabled trading
- Hindi Language Support
OctaFX is legit and regulated in India. However, it does not hold any Indian securities since it is an international company. However, the OctaFX document of incorporation enables it to offer financial services to clients globally.
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