# Octa Low-cost, swap-free forex and CFD broker with a $25 minimum and its own OctaTrader app Source page: https://trust.chartnaut.com/brokers/octa Website: https://www.octabroker.com Type: CFD & forex Founded: 2011 Based in: Limassol, Cyprus Minimum deposit: USD 25 Markets: Forex, Indices, Commodities, Stocks, Crypto Platforms: MetaTrader 4, MetaTrader 5, Own platform / app Deposits and withdrawals: Bank transfer, Card, Skrill, Neteller, Crypto, Local methods ## Overview Octa, which you might know as OctaFX, is a forex and CFD broker founded in 2011. It's aimed at newer traders, a lot of them in Asia, Africa and other emerging markets, who want to start small and keep costs low. EU clients go through Octa Markets Cyprus Ltd, licensed by CySEC. Everyone else mostly lands with Uni Fin Invest under the FSC in Mauritius or Octa Markets Ltd under MISA in Comoros, which are much lighter regimes. There's also a South African arrangement and an Indonesian BAPPEBTI licence. It doesn't accept US clients. ### Accounts and costs There are three accounts, one per platform: OctaTrader, MT4 and MT5. Each needs about **$25** to open, charges no commission and builds the cost into spreads that start around 0.6 pips on EUR/USD. Every account is swap-free, so holding overnight doesn't cost extra, and there's no inactivity fee. Leverage for international clients goes up to 1:1000 on forex, 1:400 on indices and 1:40 on shares. EU clients are capped at 1:30. ### Platforms and markets OctaTrader is Octa's own web and mobile app, with a feed of trade ideas you can copy onto your chart. MT4 and MT5 are there too, with full EA support. The range is fairly tight at around 300 instruments: about 35 currency pairs, metals and energies, around 10 indices, roughly 30 cryptocurrencies and some 150 stock CFDs, which you can only trade on MT5. ### Money in and out You can pay by card, bank transfer, Skrill, Neteller, crypto and local methods that vary by country. Octa doesn't charge for deposits or withdrawals and says it covers the fees payment providers add. Withdrawals are usually processed in one to three hours, though some users on review sites report problems getting paid. ## Good - $25 minimum deposit on every account - No commission, no swap fees and no inactivity fees - Octa charges nothing for deposits or withdrawals and covers payment provider fees - Choice of OctaTrader, MT4 and MT5, plus copy trading - Withdrawals are usually processed within a few hours ## Watch for - Most international clients sign up with offshore entities in Mauritius or Comoros - Only around 300 instruments, with no ETFs or bonds - Stock CFDs are only on the MT5 account - WikiFX flags it for frequent complaints about withdrawals and frozen accounts - Not available to US residents ## Regulation - CySEC: Octa Markets Cyprus Ltd, licence 372/18 - FSC: Uni Fin Invest, licence GB21027161 - FSCA: entity not stated - Other (Mwali International Services Authority (MISA), Comoros): Octa Markets Ltd, licence T2023320 - Other (BAPPEBTI, Indonesia): entity not stated, licence 54/BAPPEBTI/SI/05/2013 - Copy trading: yes - Demo account: yes - Swap-free accounts: yes ## Accounts and costs | Account | Min deposit | Pricing | Max leverage | | --- | --- | --- | --- | | OctaTrader account | USD 25 | No commission and no swaps, spreads from 0.6 pips on EUR/USD | Up to 1:1000 on forex for international clients; 1:30 for EU clients | | MT4 account | USD 25 | No commission and no swaps, spreads from 0.6 pips on EUR/USD | Up to 1:1000 on forex for international clients; 1:30 for EU clients | | MT5 account | USD 25 | No commission and no swaps, spreads from 0.6 pips on EUR/USD; the only account with stock CFDs | Up to 1:1000 on forex, 1:400 on indices, 1:40 on stocks (international clients) | Not available in: US ## What traders say Checked 2026-10-06. - Trustpilot: 3.7 / 5 from 9,870 reviews (https://www.trustpilot.com/review/www.octabroker.com) - Myfxbook: 4.1 / 5 from 123 reviews (https://www.myfxbook.com/reviews/brokers/octa/690716,1) - Forex Peace Army: no score (https://www.forexpeacearmy.com/forex-reviews/8757/octa-review) - Hellopeter: 4 / 10 (https://www.hellopeter.com/octafx) - Reddit: no score (https://www.reddit.com/search/?q=octafx) Octa (formerly OctaFX) has mixed reviews, with a heavy run of withdrawal complaints alongside plenty of satisfied users. It holds 3.7 on Trustpilot from about 9,900 reviews and 4.1 on Myfxbook from about 120. South Africa's Hellopeter gives it a TrustIndex of 4 out of 10. The Forex Peace Army page and forum have many complaint threads but no FPA score in what we collected. ### What traders like - **Quick withdrawals for many.** Several Reddit and Forex Peace Army reviewers say withdrawals land within a few hours. - **Tools and apps.** Myfxbook reviewers praise the OctaTrader platform, the charts and the AI features, and some like the copy trading choice. - **Responsive support.** Trustpilot reviews often mention fast replies from support. - **No commission.** Some like the spread-only pricing and low entry cost. ### Common complaints - **Withdrawals marked complete but not received.** The most repeated complaint. Forex Peace Army threads, Hellopeter and complaints gathered by WikiFX describe withdrawals shown as completed that reviewers say never reached their bank, often from Indonesia, India and Malaysia. - **Accounts put under review after a profit.** Several reviewers say an account was frozen for internal review, asked for many KYC documents, had its leverage cut or was closed after a winning run. - **Card and bank paperwork.** A few say Octa asked for bank letters to verify a replaced card before paying out. - **Pricing around the weekend.** Some Myfxbook reviewers say limit orders filled away from market prices near the Sunday open and Friday close. - **Security.** One Forex Peace Army poster complained in late 2025 that the platform had no two-factor login. ### Recently - **July and August 2026:** WikiFX published several articles gathering withdrawal and account-block complaints, citing 170 complaints to its own service over three months. - **September 2026:** Traders Union noted the latest Trustpilot review was posted on 23 September and the score was still 3.7. ### Where this comes from - [Trustpilot](https://www.trustpilot.com/review/www.octabroker.com): the main review page for octabroker.com. - [Myfxbook](https://www.myfxbook.com/reviews/brokers/octa/690716,1): trader reviews with a score. - [Forex Peace Army](https://www.forexpeacearmy.com/forex-reviews/8757/octa-review): trader reviews and complaint threads. - [Hellopeter](https://www.hellopeter.com/octafx): South African complaint and review site. - [WikiFX complaint roundup](https://www.wikifx.com/en/newsdetail/202608103554311426.html): August 2026 summary of user complaints. - [Reddit search](https://www.reddit.com/search/?q=octafx): threads in r/Forex, r/Trading and r/Daytrading. --- Information gathered from public sources (company websites, regulator registers, third-party review sites). Ratings are quoted from those sources and are not the opinion of Chartnaut.com. Not financial advice. Trading carries a high risk of loss. Questions or corrections: help@chartnaut.com. Methodology: https://trust.chartnaut.com/methodology