OctaFX is one of the world’s largest cryptocurrency exchanges. OctaFX allows its users to buy, sell, trade, and store digital currency. It was founded in 2016 by a team of seasoned financial professionals. In fact, the exchange has been in business for over two years. It’s an established and well-known platform and has offered an OctaFX minimum depositfor its users.
There’s no better way to secure a winning deal with someone than by offering them an unbeatable price—especially when you’re dealing with the world’s largest online forex trading platform. But it’s not easy to close a deal when you’re competing against all of the other forex brokers out there. That’s why OctaFX is the ultimate place to get in-depth forex training, gain access to the most advanced tools available, and trade with the best conditions.
In this article, we will tell you important things that make their trading platform attractive and how much the minimum deposit is required. So without any ado, let’s have a look;
What Does OctaFX Offer?
OctaFX offers a new digital currency exchange service for trading on Bitcoin, Litecoin, Dogecoin, and Feathercoin. With OctaFX, users will be able to trade multiple coins in addition to trading fiat currency. Users will also receive a daily referral bonus. The referral program is not currently active but will be in the future.
It offers investors a chance to invest in the forex market with no risk and full transparency. The company takes the hassle out of investing by offering investors a 100% deposit protection policy. The money in an investor’s account is always safe, and the company’s top priority is to provide investors with a positive return on investment. The company operates on the principle that its clients must be able to place their investments with confidence in the company’s ability to pay out the money.
Is There A Minimum Deposit?
Yes, The minimum deposit for Octa FX must be $10 to open an account. When you deposit $10, you will be credited $5, and when you deposit another $10, you will receive an additional $5. The maximum deposit is $100. So why are we telling you all of this? Because this might be one of those times when you need to be a little suspicious of a website that is asking you for a lot of money. We just wanted to make sure that there wasn’t some type of scam going on.
Is it safe to use OctaFX?
OctaFX is regarded as a broker that has a high level of risk according to its overall Trust Rating of 67 out of 99. Because it does not run a bank or seek public investment, OctaFX avoids the standard notification requirements for financial institutions. Zero “tier 1” (highest) regulators, 1 “tier 2” (middle), and 0 “tier 3” (lowest) regulators have granted OctaFX authorization to operate (low trust).
OctaFX provides the complete MetaTrader suite but just a limited selection of fx trading instruments. There is no doubt that OctaFX requires to expand its product offerings and invest more resources into education and research if it is to challenge the top MetaTrader brokers. Despite being a CySEC-regulated broker, OctaFX has a low Trust Score since it lacks additional credible licenses.