The idea is to copy trades that a certain trader executes so that their win becomes your win too and their loss becomes your loss. OctaFX offers an unlimited number of Masters to copy fr0m and also gives the trader full control over the process Novice traders can now automatically copy the positions of pros and learn their strategies, while experienced traders can now apply for Master Trader status and start collecting commission from their copiers. Whenever you feel like it. Opening an account from one of the 185 countries where this license is used is considered high risk. The Copier can cancel the Bonus manually in the Copier Area. Sign up, start copying any Master Trader, and apply a 50% bonus to your investment profit! If you open a position for 0.5 lots, each pip will cost you only 5 USD. Read our Trading Strategies article to find a detailed description of the most common strategies and choose the best one for you. All withdrawal requests are processed within 1-3 hours during business hours, though the time taken for funds to clear back to the original payment method may vary. Immerse yourself in trading, play around with simulated funds in your demo account, and when you feel youre ready to earn real moneyopen the real account. 2. Pick the Custom option, press Continue, select Demo, set a platform and leverage, enter your starting balance, and press Create account. If you encounter a withdrawal problem when using the OctaFX trading platform, you will receive a notification in an email explaining the issue. OctaFX offers leveraged trading on currencies with floating spreads from 0.6 pips. Past performance is not indicative of future results. While you don't necessarily have to master the knowledge of making profits from copy trading, it does require some basic understanding of what to look out for. The Copiers trading statistics can only be viewed by the Copier. These funds and your profit will return to your Wallet when you stop copying the Master. I enjoy the training material that the broker provides. There are three types of trends you should look for: uptrend, downtrend, and sideways trend. Useful download links and user guides are available on the brokers website. If the copied trade volume is bigger than 100 lots after the calculation is made, then the trade will not be opened on the Copier account. Lets assume that you chose OctaTrader as your trading platform. The mobile apps run smoothly, with charts and current prices clearly visible and updated in real time . 9.6 amend or delete the Master's nickname and (or) user picture without prior notice if the Service reasonably suspects that such Master deliberately copies or imitates others Masters nickname and (or) picture which may lead to dishonest representation of the Master. Copy trading: OctaFX offers a web interface for copy trading (providers are known as Masters) that connects to its MetaTrader 4 (MT4) platform offering. The best traders work for you. Traders enjoy several benefits when trading with OctaFX vs the likes of FBS, IQ Option and Exness: Compared to other brokers such as HotForex, XTB and OlympTrade, OctaFX does fall short in some areas: Once you have opened and verified your account profile, you can begin trading. Want to know who is the best and recommended top master trader to follow? Tomorrow? OctaFX Copy Trading . OctaFX offers commission-free multi-asset trading on MT4 & MT5 platforms with tight floating spreads. It depends on the level of risk youre willing to take. You can also explore our Education section. This is a great way to get started with forex trading, as you can learn from the success of others. OctaFX is a forex, CFD, and copy trading broker that offers quality trading services via the MT4, MT5, and cTrader platforms. 4.6. The Copier undertakes to do the following to apply for the Service:1.1. be registered and logged in as a client on the OctaFX website1.2. The minimum volume of the copied trade is 0.01 lot, the maximum volume of a copied trade is 100 lots. I was pleasantly surprised to see how easy it was to start copy-trading other traders. OctaFX does not have a deposit fee for any payment methods. amend these Terms and Conditions at any time without prior notice to the Copier or Master Trader. Copy trading allows you to copy another traders strategy and trade it on your own account. OctaFX uses 128-bit SSL encryption and PIN codes in the personal area and trading platforms, which is the industry-standard security requirement for protecting personal data. Input your username and password, and then click on login. Octa Markets Incorporated, registered address: 1st Floor, Meridian Place, Choc Estate, Castries, Saint Lucia, (the Copier Area lists all current subscriptions), close any copied trade manually at any time in the Copier Area, unsubscribe from the Master and stop copying the Masters trades by clicking Stop Copying. This can be done manually, or through automated programs like OctaFx Copy Trading. Forex is a high-risk trading instrument which is not suited for all traders and investors. Sobald die bertragung abgeschlossen ist, sind Sie bereit, zur OctaFX Copytrading App zurckzukehren und sich direkt bei einem Master Trader anzumelden. The Free Trial automatically activates when the Copier initiates copying the Master Account if:14.2.1. the Master Trader has the Free Trial available for this Master Account14.2.2. Youll also need to specify your experience in trading. And OctaFx is not one of them. The Copier undertakes to do the following to apply for the Service: 1.1. be registered and logged in as a client on the OctaFX website Although trading with significant leverage can increase profit prospects, it can also increase losses. The Copier's order is executed following the order (Buy or Sell) made in the Master's account. Fllen Sie ein kurzes Formular aus, um sich anzumelden oder melden Sie sich mit Google oder Facebook an. the Copier has not previously activated the Free Trial for this Master Account. 13.4. In addition to the 30 in-built technical indicators, advanced charting tools allow you to analyze price fluctuations and trends in the market, using three customizable chart and graph types. You should also consider learning about the basic risk management techniques, as they will help you avoid losses from. This platform has master traders and users copying their orders, called copiers. Our minimum deposit is 25 USD, but it might change depending on your region and the payment option. The brokerage also offers profit and margin calculators, as well as a forex signal service with the Autochartist plugin and live quotes. We dont take any commissions on deposits and withdrawals, and our spreads (difference between the Buy and Sell price) are among the lowest in the industry. When using the OctaFX platform, our experts were offered generous leverage limits up to 1:500. Score: (Non-EU) Consult relevant financial professionals in your country of residence to get personalised advice before you make any trading or investing decisions. This is due to the fact that OctaFC forex trading is unregulated outside of Europe. The commission amount that the Copier pays to the Master is set at the moment when the Copier presses Start Copying. When a trader suddenly changes behavior and underperforms, you know that it's time to cut your losses and move on. In June 2022, OctaFX also removed swap fees. OctaFX.com does not accept European clients as this market is specifically appointed to OctaFX.eu (regulated by CySEC). -The broker provides access to a wide range of markets, including forex, metals, indices, and cryptocurrencies. Octa Markets Cyprus Ltd and Octafx India Private Limited are owned by Octa markets incorporated. Investors can access maximum leverage of 1:30. Ask them about their experience with the Master Trader and perhaps exchange thoughts to improve each other's portfolios. This means a $50 deposit would provide $50,000 in purchasing power. 9.3.reduce the commission set by the Master Trader and limit its maximum value for all her or his Master Accounts without prior notification or providing any explanation.9.4. OctaFX (non-EU) offers several deposit bonus deals, including a 10, 30 or 50% bonus on each deposit. Whlen Sie das Konto, von dem Sie Geld berweisen mchten, 5. I ended up using a specialized crypt broker, Binance, instead since they offer a much larger selection of crypto based financial instruments. 4.1. It is completely free and it gives you access to the trading platform. No advanced knowledge . Higher leverage means higher risk and reward. 14.4. Check out the bonus terms and conditions before participating. Good luck! Major indices, including the NASQAQ, are offered at an average 0.6 points, which is competitive. Basically, you get the most out of the funds you have. 1 pip is calculated by the second to last digit. You can also choose to follow multiple traders, and the platform will automatically allocate your funds accordingly. Our experts were pleased to see no withdrawal fees at OctaFX. Whether you want to make money in a more passive way, or thoroughly examine the trading techniques of the most proficient traders, you can simply view the list of Master Traders on our site and start copying the one you like in a couple of clicks. If you do not have much time to monitor the market, and you still want your money to work for you, or if you are taking some time off from trading and are looking for a short-term highly profitable investing strategy, this feature is for you! OctaFX is a forex, CFD and copy trading broker offering the MT4 and MT5 platforms. You'd want to choose someone that shows consistent rather than sporadic results. There are many strategies that allow you to profit from currency price fluctuations, for example, scalping, martingale, hedging, news trading, and many others. Upon the subscription to a Master, the Copier specifies the amount of funds to be deducted from the Wallet and invested with the selected Master. Another strength of the platform lies in professional tools, such as level 2 market data, partial fills, a full-size tick chart, and an economic calendar. Regulated by the Financial Services Authority in St Vincent and the Grenadines (SVGFSA) and the Cyprus Securities and Exchange Commission (CySEC), OctaFX offers a deposit bonus on all deposit. The Bonus cannot be applied to the ongoing investments. The best thing is OctaFx copy trading app comes with a filter, and you can easily filter master traders with the highest number of copiers. In this octafx review, well take a look at what copy trading is, how it works, and whether or not its right for you. This is why it's highly crucial to monitor your trades regularly. 13.5. It is a very easy way to start trading on the forex market without having to know anything about the market. I have not tried to withdraw money yet, so I do not know how well withdrawals are handled-. If you have any questionsexplore the links we provided and the FAQ section below. Der Startbildschirm zeigt den Verlauf Ihrer aktuellen und frheren Abonnements an. The trading platform provided was good, and trades were executed without delay. OctaFX's copy trading offering continues to improve year over year - though it still has room to improve. 10. If the equity of the Copiers account becomes less than the bonus size, the Bonus is cancelled. The founder and owner have ensured the brand has amassed a global reach, with trading services now spanning 185+ countries. Commission amounts for the IB. Score: My experience with the company was overall good, but the selection of investment offers was somewhat limited. Once the service is activated, the trades will be copied to the Copiers account regardless of whether the owner of the account is signed in or not. Here is how simple it is: choose the best Forex Master Traders . The margin call/stop-out level is 25/15%. Traders can also follow signal providers, which are called Master Traders by OctaFX. Where can I find it? DISCLAIMER: Forex Trading is High Risk, You may lose some or all of your money. Even so, Copiers still have full control over their funds and they can stop the subscription whenever they like. By default, it will be a Real MetaTrader 5 account with maximum leverage. This actually doesn't necessarily reflect the trader's quality, but it can be a helpful factor to consider. 13.1. We send you your OctaFX PIN upon registration, in the welcome email. -The broker does not currently accept clients from the United States or Japan due to regulatory reasons. OctaFX is a broker that comes with feature. 14.5. Trade 30+ popular digital currencies paired with the USD. Octa Markets Cyprus Ltd is a Cyprus-based company regulated with licensing from the Cyprus Securities and Exchange Commission (CySEC). The overall score is therefore adjusted down due to the broker being unregulated. OctaFx.com URL availability to Google: Yes OctaFx.com is on Google, which makes it easier for new visitors to discover on search engines. OctaFX receives commissions from its liquidity providers for each transaction. It means that you buy a certain amount at a lower price now to sell it back at a higher price later and gain profit from the price difference. For instance, if the Copier copies an order for 0.324 lots, the order will be rounded down to 0.32 lots. Wenn Sie bereits ein OctaFX-Konto haben, geben Sie Ihre E-Mail und Ihr Passwort ein oder melden Sie sich mit Google oder Facebook an. Autochartist Pro also supports traders in a wide range of ailments through manual support. 4.5. MetaTrader 5 is a newer version of MetaTrader. You can make money literally sitting at home doing nothing! For now, OctaFx supports almost all countries including, South Africa, Nigeria, Ghana, Kenya, United States, Canada, the United Kingdom, and more. Thus, the experiences that we share from other people may not reflect the typical users experience. What is Copy Trading? 13.9. Weve released a new service that expands your options for making a profit in both active and passive waysOctaFX Copytrading. The overall score might seem lower than what each categorys score indicates. First, search for an asset using the navigation bar. CySEC offers much better legal protection, and your legal protection is, therefore, a lot stronger if you open an account with Octa Markets Cyprus Ltd. Octafx India Private Limited is an Indian company that Octa Markets incorporated and opened in 2019. This is particularly useful to stay up to date with upcoming market closures such as public holidays. By learning how to start trading on Forex, you can open a new source of income for yourself. The minimum copied order volume is 0.01 lots. So far, everything has worked well. If you feel like you are an experienced trader and youd rather let others copy you for a fee, you can almost as easily create your master profile and describe your trading strategy. - Dec 03, 2021 - Updated Dec 09, 2022 Try OctaFX Copytrading for free OctaFX is an established name on the industry - the broker is highly acclaimed, and provides access to a world class-service, trusted by millions of traders around the world. Set your Wallet as the transfer destination. Copy trading is a type of investment where you copy the trades of another more experienced investor. Tippen Sie auf einen Master Trader, um dessen detaillierte Statistiken anzuzeigen. My experience with copy trading has been mixed.
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