OCTAFX FOREX BROKER REVIEW: ONE OF THE TOP BROKERS FOR SCALPING

About Octafx: Octa Markets Incorporated was registered in 2011 in Saint Vincent and the Grenadines under license number 19776 IBC 2011. The Company's legal and correspondence address is Cedar Hill Crest, P.O. Box 1825, Villa, St. Vincent and the Grenadines(Company website). 

What traders think about octafx? 

Users experience shared online plays crucial role to help the new trades out there to find the best broker. Most of the words shared by other traders about octafx are positive. In some cases, traders may have bitter experience with a broker because they are not aware of the terms and conditions of the broker. Followings are some of the green and red words shared by the traders trading with octafx.

Why traders choose octafx?

1. It is an award winning forex broker.
2. It is one of the brokers that provide lowest spread. 
3. It has multiple trading platforms.
4. It offers three types of trading account.
5. It offers 1:500 leverage.
6. It has multiple withdrawal and deposit methods.
7. Minimum deposit amount is $50 on ECN and $5 on micro and cTrader ECN account .
8. Scalping, hedging, trading on the news, and EAs are permitted at OctaFX.
9. Octafx offers swap free trading account.
10. It offers 50% deposit bonus, which can be withdrawn after trading certain lots.
11. It has 24/7 very responsive customer support.
12. It completes the withdrawal requests within a short period of time.
13. It offers no dealing desk trading on STP and ECN accounts.
14. OctaFx UK is regulated by FCA.

Why traders may not choose octafx?

1. It is not a regulated broker.
2. It has limited withdrawal options.
3. It is a dealing desk broker in general.

In bottom line, I think octafx is a reliable broker so far. My personal experience with octafx was very good. On web there have some negative words about octafx, but these words are not enough to add the word "SCAM" with this broker.

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If you have any experience of trading with octafx, you can drop it below.