All Share (J203) = 88 342
Rand / Dollar = 18.58
Rand / Pound = 23.35
Rand / Euro = 19.33
Gold (usd/oz) = 2 928.65
Platinum (usd/oz) = 969.20
Brent (usd/barrel) = 76.29
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

Octa Review

 

Octa Review

 

Octa is a trustworthy and worthwhile broker with a solid trust score of 90 out of 99. It offered world-class online support and educational material and developed an easy-to-use copy-trading platform.

 

🛡️ Regulated and trusted by the FSCA.
🛡️ 2145 new traders chose this broker in the last 90 days.
🛡️ Available for South African Traders 🇿🇦

 

Min Deposit

USD 25

Regulators

CySEC, MISA, FSCA and FSC

Trading Platform

MT4, MT5, OctaTrader

Crypto

Yes

Total Pairs

52

Islamic Account

Yes

Trading Fees

No

Account Activation

24 Hours

 

Octa Review – Analysis of Brokers’ Main Features

  1. 🕸️Octa Spider Chart
  2. 💡Octa at a Glance
  3. 🗂️Overview
  4. Features Offered
  5. ⭐️Octa Customer Reviews and Ratings
  6. 🏆Advantages Over Competitors
  7. 🔒Safety and Security
  8. 🏅Awards and Recognition
  9. 🎁Octa Bonus Offers and Promotions
  10. 🤝Octa Affiliate Program
  11. 💰Octa Minimum Deposit
  12. 🔑Octa Account Types and Features
  13. ⚙️Basic Order Types
  14. 👥How to Open an Octa Account step by step
  15. 🖥️Octa Trading Platforms and Tools
  16. 📲Mobile Use of Octa
  17. 🤖Octa AI Integration
  18. 📈Range of Markets
  19. ⚖️Compare Forex Brokers
  20. 📊Fees, Spreads, and Commissions
  21. 💲Octa Deposits and Withdrawals
  22. 💳How to make a Deposit with Octa
  23. 💸How to make a Withdraw from Octa
  24. 📚Education and Research
  25. 📘Forex Trading Guides
  26. 🤝Sponsorships
  27. 💰Cashback Rebates Features and Conditions
  28. 🌐VPS Review
  29. 🌎Geographic Reach and Limitations
  30. 🔄Octa Web Traffic Report
  31. ☎️Customer Support
  32. 🌟Customer Reviews
  33. Pros and Cons
  34. 📜Conclusion
  35. Frequently Asked Questions
  36. 🔗References

 

Octa Spider Chart

Octa Spider Chart

Criteria

  • Regulatory Standing: 4/5
  • Financial Stability: 5/5
  • Trading Platform Quality: 3/5
  • Customer Support: 4/5
  • Educational Resources: 3.5/5
  • Trading Conditions: 4/5
  • Withdrawal Speed: 4/5

 

Octa at a Glance

CategoryDetails
Company Information
🏷️Company NameOcta
📍Headquarters LocationNot specified
📅Year Established2011
👤CEO/FounderDarrell E. Johnson
🌐Global Offices Not specified
🔖Licensing BodyFSC (Financial Services Commission),
ASIC (Australian Securities and Investments Commission)
CySEC
👥Group CompaniesNot specified
🏛️Business ModelECN Broker
🌍Operational LanguagesEnglish,
Chinese,
Arabic,
Russian,
Spanish
🏆Awards & Recognitions90 awards
Regulation and Security
🛡️RegulationCySEC,
MWALI,
FSCA
FSC
✔️Compliance StandardsComplies with local regulatory standards
💼Client Fund Segregation Yes
🪫Negative balance protectionAvailable
🕵️‍♂️Financial Conduct OversightFSC,
ASIC oversight
💰Insurance CoverageYes
📋AML & KYC PolicyYes
🔒Security of Trading PlatformSSL encryption,
two-factor authentication
🛡️Investor Compensation FundYes
🖥️Cybersecurity MeasuresStrong cybersecurity protocols
Account Types and Features
⚙️Standard Account Yes
📊ECN Account Yes
🌙Islamic AccountYes
🎮Demo Account Yes
👑VIP AccountYes
💵Minimum Deposit$25 / R447
💱Base CurrenciesUSD,
EUR,
GBP, J
JPY,
AUD
⚖️Leverage OptionsUp to 1:500
📈Spreads (Fixed/Variable)Variable
🔄Swap-Free AccountsYes
🌐Account Currency ConversionYes
🚨Margin Call Level50%
❌Stop-Out Level20%
🔄Hedging Allowed Yes
⚡Scalping AllowedYes
🔁Copy Trading SupportYes
👥Social Trading FeaturesYes
💼Managed AccountsYes
Trading Conditions
🔍Average SpreadsFrom 0.0 pips
💲Commissions per Trade Yes
🔢Leverage Range1:1 to 1:500
🚀Execution SpeedFast
📊Order Execution TypeECN
🔄Slippage PolicyOccasional slippage during high volatility
📏Margin requirementsDepends on leverage
⏹️Stop-Loss and Take-Profit OrdersAvailable
🔁Trailing StopsAvailable
🕑Pending OrdersAvailable
🔽Partial FillsAvailable
🧾Dividend AdjustmentsNot applicable
🌙Overnight Swap Fees Yes
📆Rollover PolicyYes
🛑Guaranteed Stop LossNo
Trading Instruments
💹Forex Currency PairsYes
🪙Precious Metals (Gold/Silver)Yes
📈IndicesYes
🌾CommoditiesYes
⛽Energies
(Oil/Natural Gas)
Yes
₿CryptocurrenciesYes
📉StocksYes
🗂️ETFsYes
🏛️BondsYes
📜Futures Contracts Yes
🛡️Options ContractsYes
⚖️CFDs
(Contracts for Difference)
Yes
🔣Swap on Trading BoardYes
🔀Leveraged InstrumentsYes
🎯Micro-Lot TradingYes
💸Spread BettingNo
🧺Currency BasketsYes
Deposits and Withdrawals
💳Deposit MethodsCredit/Debit Card,
E-wallets,
Bank Transfer
💵Withdrawal MethodsCredit/Debit Card,
E-wallets,
Bank Transfer
⏱️Processing Time for DepositsInstant to a few hours
🕒Processing Time for Withdrawals 1-3 business days
🚫Deposit FeesNo deposit fees
💵Withdrawal FeesVaries depending on the payment method
🔢Minimum Deposit Amount$25 / R447
📉Minimum Withdrawal Amount$50
🚪Maximum Withdrawal Limit Varies
💱Supported CurrenciesUSD,
EUR,
GBP,
AUD
₿Crypto Deposits & WithdrawalsYes
🏦Bank Wire TransfersYes
💳Credit/Debit CardsYes
📲E-Wallets
(Skrill, Neteller, etc.)
Yes
🏘️Local Payment MethodsYes
Trading Platforms and Tools
💻MetaTrader 4 (MT4) Yes
👩‍💻MetaTrader 5 (MT5)Yes
🖥️Proprietary PlatformNo
📱Mobile Trading AppYes
🌐Web-Based PlatformYes
🤖Trading BotsYes
🖧VPS ServicesYes
🔌API ConnectivityYes
📉Charting ToolsYes
🧮Custom IndicatorsYes
🧠Market Sentiment Analysis Yes
📩Trading SignalsYes
🏷️Advanced Order TypesYes
⚠️Risk Management ToolsYes
📅Economic Calendar Yes
📰Market News Feed Yes
Customer Support
📞Support ChannelsLive Chat,
Email,
Phone
🗨️Live Chat AvailabilityYes
📧Email SupportYes
📱Phone SupportYes
🌍Multilingual SupportYes
❓Help Center/FAQYes
👨‍💼Dedicated Account ManagerYes
⏲️Response Time (Live Chat)1-3 minutes
🕒Response Time (Email)1-2 hours
⭐Support Rating 4.5/5
Educational Resources and Support
🎥Webinars Yes
🏫SeminarsYes
📖Trading TutorialsYes
📊Market Analysis ReportsYes
📚E-BooksYes
🎬Video LibraryYes
📜GlossaryYes
❔FAQs Yes
🆕Beginner GuidesYes
🚀Advanced Trading StrategiesYes
Partnerships and Programs
📋IB ProgramYes
🪪Affiliate program?Yes
🏷️White Label SolutionsYes
🎁Partnership Rewards Yes
🏛️Institutional SolutionsYes
🔌API Partnership Yes
🤝Referral ProgramYes
Fees & Charges
💳Deposit FeesNo
📤Withdrawal FeesVaries
💤Inactivity FeeYes
🌜Overnight Fees (Swaps)Yes
💱Conversion FeesYes
💰Commission on TradesYes
Market Research Tools
📅Economic CalendarYes
📰Market NewsYes
📩Trading Signals Yes
🔧Technical Analysis ToolsYes
💭Sentiment Analysis Yes
Additional Features
👥PAMM/MAM Accounts Yes
🔗Social Trading PlatformYes
🏆Trading CompetitionsYes
🎁Loyalty RewardsYes
👑Exclusive VIP PerksYes
Promotions & Bonuses
🎁Welcome Bonus Yes
💵Deposit Bonus Yes
🏅Trading ContestsYes
🌟Seasonal Promotions
Yes
🎖️Loyalty ProgramsYes
User Experience & Reviews
🖥️User Interface QualityHigh
🔒Platform StabilityHigh
📱Mobile App Reviews
Positive
⭐Overall User Rating4.5/5
🌟Trustpilot Rating4.3/5
😟Common ComplaintsSlow support responses
Mobile
📱Mobile App NameOcta App
🛠️Developer Octa
📅Release Year2020
💻OS CompatibilityiOS,
Android
🌐Languages SupportedMultiple
📈Trading InstrumentsForex,
Commodities,
Crypto,
etc.
🔄Real-Time DataYes
🛠️Charting ToolsYes
📊Order Types SupportedLimit,
Market,
Stop-Loss,
etc.
🚀Order Execution SpeedFast
🔔Custom Alerts Yes
🤝Beginner-Friendly Yes
🔐Security FeaturesHigh
🖥️SynchronizationYes
💰Deposit and Withdrawal Fast
📝Account Types AccessibleStandard,
ECN,
Islamic
🔄Switch AccountsYes
💬In-App SupportYes
📚Educational Resources Yes
🎯Watchlist
Yes
🌙Dark ModeYes
🌐Social TradingYes
AI Trading Resources
🤖AI IntegrationNo
📊Data Analysis Yes
📈Predictive AnalyticsNo
🛠️Customizable StrategiesYes
📉Risk Management ToolsYes
🧑‍🏫Trading InsightsYes
🚀Execution OptimizationYes
🔄Portfolio RebalancingYes
📚AI TutorialsNo
🎥Video DemonstrationsYes
🧑‍🤝‍🧑Webinars Yes
🔍AI-Powered Search No
🌟Beginner-Friendly
Yes
🖥️Platform AvailabilityYes
📈Backtesting CapabilityYes
🛠️Strategy BuilderYes
🔔Alerts and NotificationsYes
🔒Data ProtectionYes
👁️‍🗨️Transparency Yes
Social Media Platformst
📘FacebookYes
📷InstagramYes
🐦Twitter Yes
💼LinkedIn Yes
🎥YouTubeYes
👉Open Account👉 Open Account

 

Overview

Octa overview.

 

 

Octa is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services already utilized by clients from 180 countries with more than 42 million trading accounts. In general, Octa offers 270 trading instruments.

By providing free educational webinars, articles, and analytical tools, Octa helps its clients reach their investment goals.

Octa offers a reasonably affordable brokerage, accepts any amount, and makes no deductions when depositing or withdrawing money. Its clients in South Africa can invest with Orinoco Capital Pty, an FSCA-regulated financial services provider that acts as an intermediary.

If you can ignore the limited range of assets, there is a low-cost broker with a fairly standard setup. The brokerage has two accounts with minimum deposits beginning from $25 it also has a sleek mobile application and a good selection of trading tools. Additionally, Octa extensively advertises its vast assortment of bonuses and offers Leverage on Forex pairs at 1:1000.

Octa has built a reputation in the industry by making it easy for traders to access their platform with competitive spreads and robust security measures. International regulators ensure that clients’ funds are protected and trades are executed fairly.

Traders, both beginners and those with experience can open different account types through this firm, which has a low minimum deposit requirement, making them affordable. If you want to trade online, go no further than Octa, which is reliable.

 

Features Offered

Octa provides tailored options for different levels of traders, from beginners to experts, and lots of trading features.

Competitive spreads flexibility leverage a maximum of up to 1:500, and multiple account types including swap-free options for Islamic traders are offered by the company.

User-friendly and supplemented by the popular MetaTrader 4 and 5 supporting platforms for trading have access to highly advanced charting tools and automated trading capabilities.

In addition to this, these include an extensive library of educational resources such as webinars and tutorial content and further personalizes them by offering bonus offers on deposits, cashback programs, and others, making Octa a favorite trade choice with all enthusiasts.

 

FeatureDescription
👩‍💼Tailored Account OptionsOffers account types suited for beginners and experts,
including swap-free options for Islamic traders.
💹Competitive Spreads and LeverageProvides flexible leverage of up to 1:500 and competitive spreads for cost-effective trading.
🤖MetaTrader 4 & 5 IntegrationSupports popular platforms with advanced charting tools and automated trading capabilities.
📚Educational ResourcesExtensive library of webinars,
tutorials,
and learning materials to support traders' growth.
🎁Bonus and Cashback ProgramsEnhances the trading experience with deposit bonuses,
cashback,
and other promotional offers.
🖥️User-Friendly PlatformIntuitive trading interface designed for seamless navigation and efficiency.

 

Octa Customer Reviews and Ratings

Octa receives varied customer reviews, emphasizing its user-friendly platform, diverse accounts, and 24/7 customer support.

Competitive spreads and high leverage are seen as strengths, while concerns about withdrawal times and occasional technical issues are noted.

Despite this, Octa maintains a solid reputation for accessibility and enhancing the trading experience, earning high ratings on several review platforms.

 

🔍Aspect🔖Details
🌟Overall RatingGenerally positive, with solid ratings on review platforms like Trustpilot for reliability and features.
👏Customer SatisfactionHigh satisfaction among users for competitive spreads,
flexible account types, and platform usability.
📞Customer ServicePraised for responsive and multilingual support through live chat,
email,
and phone.

 

Advantages Over Competitors

Octa has the following notable advantages over competitors:

  • Octa exhibits a thorough awareness of South African cultural and economic intricacies.
  • Octa has some of the best spreads in the Forex trading market. This is especially advantageous for South African traders who want to maximize profits while minimizing trading costs. The platform is designed to be user-friendly and straightforward, making it suitable for both beginner and expert traders.
  • Octa incorporates cutting-edge trading technology, such as MetaTrader 4 and MetaTrader 5. It prioritizes trader education, providing a wide selection of learning tools, such as webinars, tutorials, and articles.
  • Octa employs cutting-edge security methods to safeguard user data and cash. This commitment to protecting client assets and information is a significant advantage in an area where digital security is an increasing concern.
  • The broker offers multilingual customer service 24 hours a day, seven days a week.
  • Octa has developed a customized approach to address South African traders’ unique demands and preferences.
  • Compliance with regulatory norms is essential to Octa’s operations, fostering trust and confidence among traders.
  • Octa provides account types for traders of all skill levels, from beginners to pros.
  • Octa delivers a sophisticated mobile trading platform in response to the requirement for on-the-go trading.
  • Furthermore, Octa provides various deposit and withdrawal options, including popular and easily accessible methods in South Africa.

 

Who will Benefit from Trading with Octa?

Budget-conscious individuals will appreciate Octa’s competitive spreads. Lower spreads imply lower trading expenses, critical for traders aiming to maximize their profits. Furthermore:

  • Octa’s funding choices will benefit South African traders who require convenient deposit and withdrawal methods.
  • The website supports a variety of popular and easily accessible methods in South Africa, making it easy for traders to handle their cash.
  • Beginners in the Forex market would appreciate Octa’s user-friendly interface. The interface is designed to be user-friendly, allowing people new to trading to explore and comprehend the fundamentals without feeling overwhelmed.
  • Octa’s extensive instructional tools give a reasonable basis for learning about Forex trading, market research, and risk management, all of which are critical for beginners.
  • Octa’s comprehensive security procedures will assist traders who prioritize the safety of their assets and personal information in an area where digital security is an increasing concern.
  • The platform’s dedication to regulatory compliance and transparency provides another layer of confidence and dependability.
  • Octa’s mobile trading features will benefit individuals who trade part-time, possibly in addition to full-time employment or other obligations.
  • For individuals who cannot continually monitor the markets, the option to trade on the go and stay up to date on market moves via a mobile application is a huge advantage.
  • Traders wary of risk may appreciate Octa’s variable leverage and competitive spreads. These features enable traders to limit their risk exposure better.
  • The range of account types allows risk-averse traders to select an account that matches their risk tolerance and trading style.
  • Octa’s services will appeal to traders interested in currency pairs and commodities pertinent to the South and larger African markets. Because the platform focuses on local market dynamics, these traders can access the instruments most relevant to their interests and experience.
  • Experienced traders in South Africa will value Octa’s cutting-edge trading tools and technologies. MetaTrader 4 and MetaTrader 5 platforms, for example, include extensive charting capabilities, real-time market analysis, and automated trading alternatives. These capabilities enable experienced traders to design complicated strategies and undertake in-depth market analysis, both critical for optimizing trading results.

 

Does Octa offer competitive spreads?

Yes, the broker is well-known for its competitive spreads, which make it a cost-effective option for traders.

 

Can I trade multiple asset classes with Octa?

Yes, Octa permits trading in various marketplaces, including Forex, cryptocurrency, and commodities.

 

Safety and Security

Safety and Security

 

The Financial Sector Conduct Authority (FSCA) under Orinoco Capital (Pty) Ltd under FSP 51913 regulates the broker. Furthermore, Octa’s global regulations are listed in the table below.

 

Global Regulations

🔎 Registered Entity🌎 Country of Registration🔢 Registration Number▶️ Regulatory Entity📉 Tier↪️ License Number/Ref
1️⃣ Octa Markets Cyprus LtdCyprusN/ACySEC2372/18
2️⃣ Orinoco Capital (Pty) LtdSouth Africa2021/704761/07FSCA2FSP 51913
3️⃣ Octa Markets IncorporatedComorosN/AMISAHY0623410
4️⃣AllServ Management LtdMauritiusC186509FSCGB21027161

 

Protection of Client Funds

🔎 Security Measureℹ️ Information
🔒 Segregated AccountsYes
🔏 Compensation Fund MemberNone
🔐 Compensation AmountNone
🔓 SSL CertificateYes
🔒 2FA (Where Applicable)Yes
🔏 Privacy Policy in PlaceYes
🔐 Risk Warning ProvidedYes
🔓 Negative Balance ProtectionYes
🔒 Guaranteed Stop-Loss OrdersNone

 

Security while Trading

Octa’s steadfast dedication to the safety and security of its South African clients is reflected in a comprehensive set of safeguards, including the following:

  • Octa uses SSL-protected Personal Areas with 128-bit encryption to secure personal data and financial transactions. This robust security system ensures that browsing stays secure and secret, unaffected by outside meddling.
  • Withdrawal security is likewise of the utmost importance, with withdrawals from real accounts subject to email confirmation. Furthermore, using the exact payment details for deposits and withdrawals reduces the danger of unauthorized funds transfers.
  • 3D secure technology gives more transparency and security to Visa transactions.
  • Octa emphasizes the necessity of account verification, requesting personal ID scans and address documents from clients. This verification method offers an extra layer of protection to transactions.
  • Client fund security is the company’s top priority, and extensive efforts are made to safeguard the integrity of deposited capital.
  • Using segregated accounts, per international regulatory norms, is a crucial precaution. These separate accounts keep traders’ funds utterly independent from the company’s balance sheets, ensuring their preservation and protection from outside influences.
  • Octa’s proactive strategy includes round-the-clock monitoring by a dedicated staff of qualified security engineers and technological specialists.
  • Their experience assures strong data security and reduces the probability of technical outages, underscoring Octa’s commitment to protecting South African assets.

 

Pros and Cons

✅ Pros❌ Cons
Octa is locally regulated in South AfricaOcta does not have Tier-1 regulation
Octa employs some of the most innovative security features to give a safe trading environmentInvestor protection is not offered through a compensation fund

 

Are my funds safe with Octa?

Yes, the broker adheres to industry norms to protect customer cash, but it is critical to read their policy for detailed details.

 

What security features are in place for mobile trading?

The Octa mobile app includes security safeguards to protect your trading and data.

 

Awards and Recognition

Awards and Recognition

 

Octa received the following recent awards and recognition:

  • Best Client Fund Security in Indonesia (2023) – World Business Stars Magazine.
  • Best Educational Broker (2023) – Holiston Media.
  • Most Reliable Broker in Asia (2023) – Holiston Media.
  • Best Forex Broker in the Philippines in 2025 – Global Business Review Magazine.
  • Best Forex Broker in South Africa (2023) – Global Banking and Finance Review.
  • Most Reliable Broker in Brazil (2023) – World Finance.
  • Most Secure Trading Platform in Singapore (2023) – World Business Outlook.
  • Broker with the Fastest Withdrawal in Singapore (2023) – International Business Magazine.

 

What notable awards has Octa received?

Octa has received several prestigious awards in the financial industry, recognizing its excellence in trading services.

 

How has Octa’s recognition impacted its reputation in the trading community?

Octa’s numerous awards and recognitions have significantly bolstered its reputation within the trading community: customer-centric approach and innovative trading solutions.

 

Min Deposit

USD 25

Regulators

CySEC, MISA, FSCA and FSC

Trading Platform

MT4, MT5, OctaTrader

Crypto

Yes

Total Pairs

52

Islamic Account

Yes

Trading Fees

No

Account Activation

24 Hours

 

Octa Bonus Offers and Promotions

Octa offers South African traders the following bonuses and promotions:

  • Demo Trading Contest
  • Trade and Win Giveaway
  • 50% deposit bonus
  • Status Program

 

Demo Trading

Demo Trading Contest

 

The Demo Trading Contest is a fantastic way for South African traders to improve their trading skills without the risk of losing real money. Participants trade on demo accounts under competitive conditions, providing an exciting yet safe environment for novices who want to practice trading without risking anything.

The winners can receive cash prizes or bonuses that they can use in actual trades. This is an excellent chance for traders to test out their tactics and potentially earn rewards without the monetary commitment needed.

 

Trade and Win Giveaway

Trade and Win Giveaway

 

The Trade and Win Giveaway is a unique marketing campaign that reimburses traders for their trading efforts.

South Africans can earn points based on the volume of their transactions, which they can exchange for various awards, including tools, gadgets, or other items.

The aim is to stimulate dependable commercial activities by granting an amusing addition: traders can accrue redeemable points over time while selecting rewards tailored to individual tastes through this program.

 

50% Deposit Bonus

50% Deposit Bonus

 

With this initiative, South African traders who make a deposit earn a 50% bonus on their deposit. This incentive can considerably enhance traders’ trading capital, allowing them to create more prominent positions or trade more freely.

However, it is crucial to note that such bonuses frequently come with certain restrictions and conditions, such as minimum trading volume requirements, which traders should be aware of before participating.

 

Status Program

The Status Programme is intended to reward devoted traders. South African traders can advance through the ranks based on deposit amounts and trading activity. Each status level has advantages, such as lower spreads, priority customer service, and unique access to training materials and webinars.

This program benefits active traders by offering improved trading conditions and rewards as traders advance through the status tiers.

 

Does Octa offer any promotions for existing clients?

Yes, Octa organizes promotions regularly to reward existing traders.

 

How do I claim a bonus offer from Octa?

Typically, bonus offers are claimed through the Octa account dashboard.

 

Octa Affiliate Program

Octa Affiliate Program

 

By partnering with a reputable trader through Octa’s Affiliate Programme, South Africans can access a comprehensive business platform that will assist them in reaching their financial objectives. Becoming an Introducing Broker (IB) with Octa grants users access to many desirable attributes and advantages. An exceptional characteristic is the possibility of earning commissions of up to 80% spread RevShare, which equates to earnings of up to $12 per lot traded by customers referred.

Octa’s reputation as a broker, supported by more than sixty industry awards, enhances the program’s credibility. In addition to consistent daily commission reimbursements, IBs benefit from the convenience of more than twenty-five payment methods.

A progressive commission calculator simplifies determining prospective earnings by considering the volume of lots traded and the number of referred clients.

For instance, an IB can generate $120 monthly in revenue by referring five clients.

The Affiliate Programme is intended to provide advantages for associates and traders. Traders benefit from advantageous trading conditions, which facilitate the attraction and retention of clients for partners. These conditions include low spreads, a 50% deposit incentive, no trading fees, and no swaps.

Prominent partners from Malaysia, Indonesia, and South Africa have been acknowledged and lavished with commissions as part of the program’s recognition and reward system. Partner ranking is established based on activity level, whereby increased rankings result in more substantial commissions.

Participating in the partner program is simple. Interested parties may apply to become Introducing Brokers, where they can share their referral links to acquire clients and begin earning daily commission payments. This partnership enables South Africans to access the potential of the financial markets through the assistance of a reputable broker, which is to their mutual benefit.

 

How to open an Affiliate Account with Octa

To register an Affiliate Account, South African traders can follow these steps:

 

Step 1: Partnership segment

Enter the Octa website and proceed to the Affiliates or Partnership segment.

 

How to open an Affiliate Account with Octa step 1

 

Step 2: Sign Up

Please provide your personal information on the registration form, including your name, email address, and preferred password. Following registration, you will receive a distinct referral link as the entry point to commission earnings.

 

How to open an Affiliate Account with Octa step 2

 

Disseminate this referral link to acquaintances, co-workers, and friends interested in trading.

Your commission-based earnings via the Affiliate Programme are directly proportional to the trading volume of new users who sign up through your referral link.

The commission is computed as a proportionate amount of the trading volume that your referrals produce.

 

How long does the verification process take for an Affiliate account?

The verification procedure can take up to 48 hours, depending on the papers submitted.

 

How do I generate my unique Octa referral link?

Once your Affiliate Account is activated, you may use the dashboard to generate your unique referral link.

 

Min Deposit

USD 25

Regulators

CySEC, MISA, FSCA and FSC

Trading Platform

MT4, MT5, OctaTrader

Crypto

Yes

Total Pairs

52

Islamic Account

Yes

Trading Fees

No

Account Activation

24 Hours

 

Octa Minimum Deposit

🔎 Live Account💶 Minimum Dep.
🥇 OctaTrader Account460 ZAR ($25)
🥈 MetaTrader 4 Account460 ZAR ($25)
🥉 MetaTrader 5460 ZAR ($25)

 

Octa requires a Minimum Deposit of $25 / ZAR 480 for MT4 and MT5 accounts. Only three account types are available at Octa, and none have ZAR as the base currency.

 

Are there different minimum deposits for various account types?

No, Octa’s minimum deposit is the same across account types.

 

Are there any fees for depositing with Octa?

The broker does not typically charge deposit fees, though third-party costs may occur.

 

 

Octa Account Types and Features

🔎 Account🥇 Octa MT5🥇 Octa MT4
🥇 OctaTrader
✅ Recommended forSmart TradersHabitual TraderSmart Traders
💰 Min Deposit$25 USD$25 USD$25 USD
🔁 Spreads from0.6 PipsFrom 0.6 pipsFrom 0.6 pips
💵 CommissionNoNoNo
➕ Max Leverage1:10001:10001:1000
📉 Min Volume0.01 Lot0.01 Lot0.01 Lot
📈 Max Volume500 Lots500 Lots500 Lots
📊 HedgingYesYesYes
📌 ScalpingYesYesYes
👉Open an Account👉 Open Account👉 Open Account👉 Open Account

 

OctaTrader Account

OctaTrader Account

The OctaTrader Account is intended for traders who want a simple and efficient trading experience. This account type is ideal for both new and experienced traders in South Africa, as it strikes a compromise between simplicity and functionality.

Traders who use OctaTrader accounts get competitive spreads and access to various trading products. The account’s user-friendly layout makes it easier for traders to navigate and manage their trades. Furthermore, this account type frequently includes increased support services, which provide traders with rapid advice and direction.

 

🔎 Account Featureℹ️ Value
💴 Minimum Deposit Requirement460 ZAR
📈 Average SpreadsFloating, from 0.6 pips
💵 Commissions chargedNone; mark-up is added to the spread
📉 Instruments offered on account35 Forex Pairs
Gold and Silver
3 Energies
10 Indices
30 Cryptocurrencies
📊 Leverage RatiosForex – up to 1:1000
Precious Metals – up to 1:400
Energies – up to 1:400
Indices – up to 1:400
Crypto – up to 1:200
💹 Minimum Trading Volume0.01 lots
📌 Maximum Trading Volume200 lots
📍 Margin Call25%
⛔ Stop-Out15%
🖱️ Trade Execution TypeMarket
⏱️ Trade Execution Average SpeedUnder 0.1 seconds
💳 Base Account Currency OptionsUSD or EUR
📚 Trading Strategies AllowedHedging, Scalping, Expert Advisors
☪️ Islamic Account OfferedYes
👉Open an Account Open Account

 

MetaTrader 4 Account

MetaTrader 4 Account

MetaTrader 4 (MT4) Account caters to traders who seek a trustworthy and established trading platform. Renowned for its proficient charting utilities, automated trading functions, and comprehensive market analysis capabilities, MT4 is highly recognized within the community.

 

🔎 Account Featureℹ️ Value
💴 Minimum Deposit Requirement460 ZAR
📈 Average SpreadsFloating, from 0.6 pips
💵 Commissions chargedNone; mark-up is added to the spread
📉 Instruments offered on account35 Forex Pairs
Gold and Silver
3 Energies
6 Indices
34 Cryptocurrencies
149 Stocks
21 Intraday Assets
📊 Leverage RatiosForex – up to 1:1000
Precious Metals – up to 1:400
Energies – up to 1:400
Indices – up to 1:400
Crypto – up to 1:200
💹 Minimum Trading Volume0.01 lots
📌 Maximum Trading Volume200 lots
📍 Margin Call25%
⛔ Stop-Out15%
📚 Trade Execution TypeMarket
⏰ Trade Execution Average SpeedUnder 0.1 seconds
💶 Base Account Currency OptionsUSD or EUR
💱 Trading Strategies AllowedHedging, Scalping, Expert Advisors
☪️ Islamic Account OfferedYes
👉Open an Account Open Account

 

MetaTrader 5 Account

MetaTrader 5 Account

The MetaTrader 5 (MT5) Account offered by Octa is tailor-made for traders seeking cutting-edge trading technology. It provides a more sophisticated version of the MT4 platform, incorporating additional timeframes, robust order management systems, and enhanced analytical capabilities.

 

🔎 Account Featureℹ️ Value
💴 Minimum Deposit Requirement460 ZAR
📈 Average SpreadsFloating, from 0.6 pips
💵 Commissions chargedNone; mark-up is added to the spread
📉 Instruments offered on account52 Forex Pairs
Gold and Silver
3 Energies
10 Indices
34 Cryptocurrencies
📊 Leverage RatiosForex – up to 1:1000
Precious Metals – up to 1:400
Energies – up to 1:400
Indices – up to 1:400
Crypto – up to 1:200
💹 Minimum Trading Volume0.01 lots
📌 Maximum Trading Volume200 lots
📍 Margin Call25%
⛔ Stop-Out15%
🖱️ Trade Execution TypeMarket
↪️ Trade Execution Average SpeedUnder 0.1 seconds
💷 Base Account Currency OptionsUSD or EUR
⚙️ Trading Strategies AllowedHedging, Scalping, Expert Advisors
☪️ Islamic Account OfferedYes
👉Open an Account Open Account

 

Demo Account

Demo Account

Octa is committed to fulfilling the demands of South African traders by providing specialized functionalities that address their distinct specifications.

An example of such a feature is the Octa Demo Account, carefully crafted to replicate authentic market conditions and offer a seamless trading experience. This indispensable resource, replete with substantial virtual capital, is accessible to traders based in South Africa.

It is an optimal platform for inexperienced and seasoned traders seeking to refine their abilities and approaches before engaging in live trading. Utilizing the Octa Demo Account is crucial, regardless of your level of trading experience or desire to improve your strategies. Furthermore, Octa emphasizes the significance of augmenting trading expertise among South African individuals through its Champion Demo Contest.

This vibrant competition grants traders a platform to exhibit their talents and compete for enticing monetary incentives, thus illustrating Octa’s unwavering commitment to promoting success amongst its customers in South Africa.

 

Islamic Account

 Islamic Account

 

Octa’s trading accounts have been carefully designed to adhere to these criteria, eliminating the need to separate a live trading account from an Islamic account. Furthermore, Octa’s commitment to inclusion and tolerance for different trading preferences means that all traders can easily engage in ethical and interest-free trading activities.

South African traders can trade confidently, knowing that Octa’s regular trading accounts are consistent with Islamic standards. This allows them to pursue their financial goals while being true to their faith.

 

Pros and Cons

✅ Pros❌ Cons
Octa offers three flexible account types suited to all tradersTraders cannot freely choose between platforms, as each account is assigned to a platform
Octa’s trading accounts align with Islamic principlesOcta charges marked-up spreads
Traders can register an account with a low minimum depositThe demo account is only valid for 30 days

 

What types of accounts does Octa offer?

Octa provides a variety of account categories, including an OctaTrader, MetaTrader 4, and MetaTrader 5 account.

 

Are Islamic accounts available from Octa?

Octa’s account types are already swap-free.

 

Basic Order Types

Firstly, a market order can be either a buy or a sell order that executes at the current market price. This is the current price displayed on your price chart. If you place a market order, you will be immediately entered at the best available price. Furthermore,

  • Market orders are most effective when a trading opportunity requires prompt action. Click buy/sell at the market to enter the trade immediately.
  • A stop order can be either a buy or sell stop, depending on whether you wish to purchase above or below the market.
  • This is useful for trading breakouts or trend continuation strategies when you want the market to continue moving in the same direction.
  • Alternatively, you can place a limit order if you believe the price will reverse when it reaches a specific price.

 

How to Open an Octa Account step by step

To open an account with Octa, South Africans can follow these steps:

 

Step 1: “Open Account”

Visit the Octa official website.

Locate and click the “Open Account” button on the website’s main page.

 

How to Open an Octa Account step 1

 

Step 2: Sign Up

  • Fill in the required fields, such as your name, email address, and phone number.
  • Choose between a real and a demo account based on your trading preferences.
  • You will shortly receive an email from Octa with a confirmation link for your email address. To proceed, click on this link.
  • To finish setting up your account, follow the on-screen prompts.
  • Deposit at least 460 ZAR ($25) to activate your real account.
  • After funding your account, you can begin trading Forex and CFDs with Octa’s extensive trading tools and features.

 

How to Open an Octa Account step 2

 

To close a live trading account with Octa, South African traders can follow these steps:

  • Navigate to the “Contact Us” section of Octa’s website.
  • Contact customer service by live chat, email, or social media.
  • Inform the customer support agent of your intention to close your account; they will walk you through the procedure and may require extra identity verification.
  • To ensure a smooth account closure, check that any ongoing trades are closed and any outstanding fees or charges are settled before proceeding.
  • Octa may request particular identity documents, such as a copy of your driver’s license or passport, so be prepared ahead of time to speed up the closing process.
  • Once complete, contact customer service again to confirm the closure of your account. They will provide any further information or direction required to facilitate a smooth closure.

 

What documents are required for Octa’s account verification?

Personal identity documents are typically required. However, specifics vary.

 

Does Octa offer a demo account?

Yes, Octa provides demo accounts to help you become acquainted with their systems.

 

Octa Trading Platforms and Tools

Octa offers South African traders a choice between these trading platforms:

  • Octa MetaTrader 4
  • Octa MetaTrader 5
  • OctaTrader
  • Octa App

 

Comparison of Octa Trading Platforms

⭐Feature🖥️MetaTrader 4🖥️MetaTrader 5
📱Octa App
🖥️ Platform TypeDesktopDesktopMobile/Tablet
🔘Trading InstrumentsForex, CFDs on Indices, CommoditiesForex, CFDs, Stocks, Futures, OptionsForex, CFDs, Indices, Commodities
📌Market DepthLimitedDeeperLimited
✔️Order TypesBasicAdvancedSimplified
💹TimeframesLimitedWider rangeEssential timeframes
📍IndicatorsStandardExpandedBasic
📈Economic CalendarBasicMore detailedLimited
📒Algorithmic TradingLimitedSupports MQL5Not applicable
📱Mobile AppAvailableAvailableNative app
🖥️ Web PlatformAvailableAvailableWeb-based access
📊Charting ToolsStandardAdvancedBasic
➕Copy TradingAvailableAvailableLimited or unavailable

 

MetaTrader 4

MetaTrader 4

 

Octa’s MetaTrader 4 platform is well-known for its dependability and full capabilities. MT4 provides comprehensive technical analysis tools, a user-friendly interface, and automated trading capabilities via Expert Advisors (EAs) for South African traders.

Octa’s MT4 platform lets traders personalize it to their trading tactics and preferences. Furthermore, Octa ensures that MT4 users in South Africa have consistent execution rates and minimal latency, both of which are critical for day trading and scalping tactics. The platform also supports various order types, allowing South African traders to employ multiple strategies.

 

MetaTrader 5

MetaTrader 5

 

Octa’s MetaTrader 5 platform (MT5) is a step above MT4, delivering more advanced capabilities and tools. It is ideal for South African traders seeking a multi-asset platform for trading Forex, equities, and commodities.

MT5 features more technical indicators, graphical objects, and periods than MT4, allowing for a more complete and comprehensive market analysis.

The economic calendar included in MT5 is helpful for South Africans because it keeps them aware of major economic events that may affect their trading decisions.

Furthermore, MT5’s upgraded order management system and back-testing capabilities make it a solid alternative for traders who rely on detailed market analysis and strategy testing.

 

OctaTrader

OctaTrader

 

OctaTrader is a Simple and powerful trading platform.  The intuitive, lightning-quick app provides a seamless trading experience, and there is no need to lose focus switching between apps. Trading is no place for distractions, and Octa knows it. So, open one app and trade.

OctaTrader offers tight spreads from 0.6 pips and 80 trading instruments, including currencies, metals, energies, indices, and cryptocurrencies. There are no overnight charges and no commissions. 

 

Features of OctaTrader

  • Space is a built-in bright feed of trading ideas and market analysis. Designed to help you make the best decisions at any moment, it is also an ultimate source of control over your profits.
  • You can adjust its content to your needs, creating your feed and following only your favorite assets and types of analysis. Space is ready to be tailored to your individual trading preferences.
  • It clearly explains why now is an excellent opportunity, identifies Stop Loss and Take Profit levels, and provides a visual analysis on the chart.
  • Open orders directly from Space. There is no need to switch between tabs and waste time.

 

What’s also unique about OctaTrader?

  • Instant notifications about everything happening to your account
  • Price alerts on any instruments
  • Draw, analyze, and manage trades directly on the chart
  • Up to 50% deposit bonus

 

Octa App

Octa App

 

The Octa App is intended for traders who want to manage their transactions on the road. This mobile application transfers the core functionality of desktop trading platforms to a mobile interface, making it suited for many South African traders’ fast-paced lifestyles.

The app contains mobile-optimized features such as real-time quotations, graphing tools, and order management. The Octa App’s ease is a significant benefit for traders who need to monitor markets and manage deals away from their desks. The software keeps users connected to the markets and their accounts by sending notifications and alerts on market moves and activity.

 

Social Trading

Social Trading

The social trading platform is a powerful copy-trading tool that aims to build a vibrant social trading community for South Africans. Through this tool, traders may quickly replicate the methods of experienced traders known as “Masters.” The CopyTrading app, which is accessible for Android devices and is fully integrated with MetaTrader, simplifies access to this essential resource.

First, traders must open a Copier account and deposit dollars into their Wallet. They can then handpick Masters whose trading actions they want to emulate, capitalizing on tried-and-true tactics.

Octa’s copy trading distinguishes itself by giving over 10,000 Masters for portfolio diversification and increased earnings. The CopyTrading software provides tools for comparing trader performance, allowing traders to make more educated decisions when choosing the Master to follow.

This user-friendly tool caters to beginner and experienced traders. It allows for continuous returns by replicating proven tactics. It also functions as an educational hub, allowing traders to gain insights from successful tactics, thus improving their trading abilities and expertise.

 

OctaVision

OctaVision

 

OctaVision makes it possible to use AI to improve trading skills and increase
awareness when making decisions.

The most important thing is that the trader receives a personalized analysis of his actions.

OctaVision acts as a digital mentor, helping traders of all levels make more informed decisions and potentially achieve more consistent
results.

 

Key features:

  • Performance analytics: comprehensive tools for tracking, analyzing, and visualizing trading performance.
  • Personalized approach: the trader receives a detailed analysis of one closed transaction or an analysis of the entire trading day based
    on closed transactions.

 

Platform comparison for Octa, Exness, and LiteFinance

 

Platform comparison for Octa, Exness, and LiteFinance

 

Pros and Cons

✅ Pros❌ Cons
Octa offers four powerful trading platforms to South AfricansThe platforms and accounts are tied, with no option to choose freely between either without registering multiple accounts

 

Is there a mobile app available with Octa?

Yes, Octa offers the Octa App, OctaTrader app,  MT4, and MT5, which are helpful and straightforward.

 

Are the Octa platforms beginner-friendly?

Yes, Octa’s user-friendly design makes it a favorite among both newbie and seasoned traders.

 

Mobile Use of Octa

Mobile Use of Octa

 

The mobile trading application from Octa for iOS and Android provides a much easier way to access markets. From real-time market updates to advanced charting features, crowdfunded trading applications bring in the highest platforms of one-tap trading.

An automated trade is also available, which the application provides through MetaTrader-4 and -5 with customizable indicators that fit your experience level.

Traders can monitor their portfolios or make transactions at any time, from any place with secure login, account management tools, and 24/7 support right within the app.

 

🔍 Aspect🔖 Details
📱 Mobile App CompatibilityAvailable on both iOS and Android,
ensuring access to trading features on any device.
⚡ Real-Time Market UpdatesProvides live updates on market prices,
news,
and trends to help traders stay informed.
📊 Advanced Charting ToolsOffers powerful charting features and customizable indicators for in-depth analysis.
⚙️ Automated TradingSupports automated trading strategies through MetaTrader 4 and 5 integration.
🔒 Secure Login OptionsProvides secure login options,
including fingerprint and face recognition for safe access.
💬 24/7 Customer SupportUsers can contact support through live chat,
email,
or phone,
directly from the mobile app.
📑 Account ManagementManage accounts, monitor portfolios,
and execute trades with ease directly from the app.

 

Octa AI Integration

Octa’s mobile trading app for iOS and Android offers seamless access to global markets. Key features include real-time market updates, advanced charting tools, and one-tap trade execution.

Integration with MetaTrader 4 and 5 allows for automated trading and customizable indicators, catering to all experience levels.

Secure login, account management tools, and 24/7 in-app customer support ensure traders can manage portfolios and execute trades confidently, anytime, anywhere.

 

FeatureDescription
🤖AI-Powered Market AnalysisProvides real-time insights and predictive analytics for smarter trading decisions.
⚙️Automated Trading StrategiesEnables algorithmic trading for consistent and efficient performance.
🛡️Risk Management SolutionsAI-driven tools help identify and mitigate potential trading risks.
💬Intelligent Chat SupportAI chatbots deliver instant, accurate,
and personalized support 24/7.
🔒Fraud Detection SystemsMonitors transactions for anomalies to ensure a secure trading environment.
🧠Personalized StrategiesAI tailors trading strategies and recommendations based on user behavior and market trends.
📡Sentiment AnalysisUses AI to evaluate market sentiment from news and social data for better forecasting.

 

Range of Markets

 

Range of Markets

 

Octa offers 277 trading instruments, including:

  • CFDs on stocks: 150
  • Forex currency pairs (total): 52
  • Gold and silver
  • Energies: 3
  • Indices: 10
  • Cryptocurrencies: 34

 

Financial Instruments and Leverage offered by Octa

🔎 Instrument🔟 Number of Assets Offered↪️ Max Leverage Offered
📈 Forex521:1000
📉 Share CFDs149+No Leverage
📊 Shares150No Leverage
💹 Indices101:400
🍎 Commodities71:400
🪙 Cryptocurrencies341:200

 

Broker Comparison for a Range of Markets

🔎 Broker🥇 Octa🥈 Exness🥉 LiteFinance
📈 ForexYesYesYes
💎 Precious MetalsYesYesYes
📉 ETFsNoneNoneNone
📊 CFDsYesYesYes
💹 IndicesYesYesYes
💱 StocksYesYesYes
🪙 CryptocurrencyYesYesNone
📌 OptionsNoneNoneNone
💡 EnergiesYesYesYes
🗂️ BondsNoneNoneNone

 

Pros and Cons

✅ Pros❌ Cons
South Africans can trade over 300 financial instrumentsOcta has a limited portfolio of instruments compared to other brokers
Octa offers leverage of up to 1:1000 on forex major pairsWhile negative balance protection is available, South Africans can still lose their invested funds

 

Does Octa offer commodity trading?

Yes, commodities like gold and oil can be traded with Octa.

 

Is cryptocurrency trading allowed with Octa?

Yes, Octa supports cryptocurrency trading.

 

Compare Forex Brokers – Octa vs. Exness vs. LiteFinance

🔎 Broker🥇 Octa🥈 Exness🥉 LiteFinance
📈 RegulationCySEC, MISA, FSCAFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMACySEC
📉 Trading PlatformMetaTrader 4
MetaTrader 5
OctaTrader
Octa App
MetaTrader 4
MetaTrader 5
Exness App
Exness Terminal
MetaTrader 4
MetaTrader 5
cTrader
LiteFinance Trading App
💴 Withdrawal FeeNoneNoneNone
🆓 Demo AccountYesYesYes
💵 Min Deposit367 ZAR190 ZAR190 ZAR
📊 Leverage1:1000Unlimited1:500
💹 Spread0.6 pipsVariable, from 0.0 pips0.0 pips
💶 CommissionsNoneFrom $0.1 per side, per lot$0.25 per share on Stock Indices
⛔ Margin Call/Stop-Out25%/15%60%/0%100%/20%
🖱️ Order ExecutionMarketMarketMarket
🎁 No-Deposit BonusNoneNoneNone
🪙 Cent AccountsNoneYesNone
📌 Account TypesOctaTrader Account
Octa MetaTrader 4
Octa MetaTrader 5
Standard Account
Standard Cent Account
Raw Spread Account
Zero Account
Pro Account
CENT
CLASSIC
ECN
📍 FSCA RegulationYesYesNone
💶 ZAR DepositsYesYesNone
💷 ZAR AccountNoneYesYes
⏰ Customer Service Hours24/724/724/5
🔟 Retail Investor Accounts353
☪️ Islamic AccountYesYesYes
📈 Minimum Trade Size0.01 lots0.01 lots0.01 lots
📉 Maximum Trade Size500 lotsUnlimited100 lots
⏰ Minimum Withdrawal Time1 – 3 hours24 hoursInstant
⏱️ Maximum Estimated Withdrawal Time1 – 3 hours3 daysUp to 5 working days
⏲️ Instant Deposits and Instant WithdrawalsYes, DepositsNoneYes
👉Open an Account Open Account Open Account Open Account

 

Fees, Spreads, and Commissions

Octa Fees, Spreads, and Commissions

 

Spreads

📍Currency Pair🪙Typical Spread (pips)
📌Major Pairs (EUR/USD, USD/JPY, GBP/USD)From 0.0 pips
📌Minor Pairs (EUR/GBP, USD/CAD, AUD/USD)From 0.5 pips
📌Exotic Pairs (USD/ZAR, EUR/ZAR)Competitive

 

Spreads are the principal cost of trading Forex. The broker provides competitive spreads depending on account type and market conditions.

Octa generally offers tight spreads on key currency pairs, favoring traders who use frequent trading or scalping tactics.

However, spreads can be more excellent for exotic pairs or during periods of significant market volatility. South African traders profit from competitive spreads because they can drastically lower trading costs over time.

Some of the typical spreads South Africans can expect are as follows (subject to change):

 

💴 EUR/USD0.6 pips
💵 USD/ZAR65 pips
💶 NAS1003 pips
💷 XAG/USD2.4 pips
💴 XAU/USD2.8 pips
💵 BTC/USD1.8 pips
💶 SharesFrom 1.6

 

Commissions

Octa does not charge commissions on trades, as the broker’s fee is included in the spread on all three trading accounts.

 

Overnight Fees

All Octa accounts are swap-free. Therefore, overnight fees do not apply to open positions longer than 24 hours.

 

Currency Conversion Fees

While Octa allows deposits and withdrawals in ZAR, the accounts are denominated in USD, subjecting South Africans to currency conversion fees.

 

CFDs – Indices

📍Index🪙Typical Spread (points)
📌S&P 500From 0.5 points
📌Nasdaq 100From 0.5 points
📌Dow Jones Industrial AverageFrom 0.5 points
📌FTSE 100From 0.5 points
📌DAX 30From 0.5 points

 

CFDs – Stocks

📍Commodity🪙Typical Spread (points or pips)
📌Gold (XAU/USD)From 0.1 pips
📌Silver (XAG/USD)From 0.2 pips
📌Crude Oil (WTI)From 2 points
📌Natural GasFrom 0.02

 

CFDs – Cryptocurrencies

🪙 Cryptocurrency📍Typical Spread (pips)
📌Bitcoin (BTC/USD)From 0.5 pips
📌Ethereum (ETH/USD)From 1 pip
📌Other major cryptocurrenciesCompetitive

 

Pros and Cons

✅ Pros❌ Cons
Deposits and withdrawals with Octa are free across payment methodsOcta’s spreads are wider than that of other brokers
Octa offers competitive trading conditions across accounts and marketsCurrency conversion fees could apply because there is no ZAR-denominated account
Commission-free trading is available across accounts with OctaOcta is a market maker, meaning that the broker benefits from the losing trades of South Africans

 

Are there commission fees with Octa?

No, Octa does not charge commissions.

 

Is there a fee for withdrawals from an Octa account?

No, the broker does not charge withdrawal fees.

 

Octa Deposits and Withdrawals

Octa offers South African traders the following deposit and withdrawal methods:

  • Neteller
  • Skrill
  • Cryptocurrencies
  • Debit/Credit Cards
  • South African Local Banks
  • OZOW
  • EFT Secure

 

Deposit Currencies, Deposit and Withdrawal Processing Times

🔎 Payment Method💴 Deposit Currencies⏰ Deposit Processing⏱️ Withdrawal Processing
💴 NetellerEURInstant1 – 3 hours
💵 SkrillUSDInstant1 – 3 hours
💶 CryptocurrenciesLTC, DOGE, USDTE, USDTT, ETH, BTC3 – 30 minutes1 – 3 hours
💷 Debit / Credit CardsEURInstant1 – 3 hours
💴 South African Local BanksZAR1 – 3 hours1 – 3 hours
💵 OZOWZARInstantN/A
💶 EFT SecureZARInstantN/A

 

Broker Comparison: Deposit and Withdrawals

🔎 Broker🥇 Octa🥈 Exness🥉 LiteFinance
⏰ Minimum Withdrawal Time1 – 3 hours24 hoursInstant
⏱️ Maximum Estimated Withdrawal Time1 – 3 hours3 daysUp to 5 working days
⏲️ Instant Deposits and Instant WithdrawalsYes, DepositsNoneYes

 

Pros and Cons

✅ Pros❌ Cons
South Africans can deposit and withdraw in ZARInstant withdrawals are not available
Octa offers local South African payment methods for deposits and withdrawalsCurrency conversion fees could apply to ZAR deposits and withdrawals

 

What are the deposit methods offered by Octa that are supported?

Octa allows various deposit options, such as bank transfers, credit/debit cards, and e-wallets.

 

Are there minimum deposit requirements for Octa?

Yes, the typical minimum deposit starts from 460 ZAR / $25, but it will depend on the deposit method.

 

How to make a Deposit with Octa

Octa Deposits and Withdrawals

To deposit funds to an account with Octa, South African traders can follow these steps:

  • Traders must first log onto their Octa trading account.
  • In the account dashboard, go to the ‘Deposit’ area.
  • Choose your desired payment method. Octa accepts a variety of convenient payment ways for South Africans, including local bank transfers, major credit/debit cards, and e-wallets.
  • Enter the amount you want to deposit. Octa accepts ZAR deposits, making things more accessible and less expensive for South African traders.
  • Follow the steps to complete the transaction. Additional steps may be necessary depending on the payment method selected.

 

How long do Octa Deposits take?

Many methods, such as credit/debit cards and e-wallets, allow immediate deposit processing. On the other hand, bank transfers take longer, often within 1-3 hours, depending on the bank’s processing times.

 

What is the first step in depositing to an Octa account?

You must first log in to your Octa trading account to deposit funds.

 

How to make a Withdraw from Octa

Deposits and Withdrawals

To withdraw funds from an account with Octa, South African traders can follow these steps:

  • Log in to access your trading account.
  • In the account dashboard, locate and select the ‘Withdrawal’ option.
  • Select your desired withdrawal method and use the same technique for depositing funds, which can often simplify the process. However, South Africans should note that OZOW and EFT secure from Octa cannot be used for withdrawals.
  • Enter the amount you want to withdraw. Remember to account for any minimum or maximum limits that may apply.
  • To complete the withdrawal request, follow the instructions. This typically involves security-related verification measures.

 

How long do Octa Withdrawals take?

Payment methods like credit/debit cards, bank transfers, and payment gateways require one to three hours for processing.

 

Can I cancel a withdrawal request with Octa?

Yes, you can. If your withdrawal request has not yet been processed, you can cancel it.

 

Min Deposit

USD 25

Regulators

CySEC, MISA, FSCA and FSC

Trading Platform

MT4, MT5, OctaTrader

Crypto

Yes

Total Pairs

52

Islamic Account

Yes

Trading Fees

No

Account Activation

24 Hours

 

Education and Research

Education and Research

 

Octa offers the following Educational Materials to South African traders:

  • Webinars
  • Forex basics articles
  • Forex basics video course
  • Platform video tutorials
  • Platform article tutorials
  • Glossary

 

A Comprehensive Frequently Asked Question section is also made available.  The broker also offers South African traders the following additional Research and Trading Tools:

  • Market Information
  • Economic Calendar
  • Market Insights
  • Forex News
  • Interest Rates
  • Holiday Calendars
  • Trading Calculators

 

Research and Trading Tool Comparison

🔎 Broker🥇 Octa🥈 Exness🥉 LiteFinance
📔 Economic CalendarYesYesYes
📚 VPSYesYesYes
📒 AutoChartistYesNoneNone
📑 Trading ViewNoneYesNone
🗃️ Trading CentralNoneYesNone
🗄️ Market AnalysisYesYesYes
📇 News FeedYesYesYes
🗂️ BlogYesYesYes

 

Pros and Cons

✅ Pros❌ Cons
Octa offers several guides, videos and articles for South African beginnersThe educational section is limited compared to that of other brokers
More advanced traders have a range of trading tools and research at their disposalOcta’s demo account expires 30 days after registration

 

Does Octa offer educational resources for beginners?

Yes, Octa offers a variety of teaching materials developed exclusively for traders fresh to the market.

 

Is there a trading glossary or FAQ section on the Octa website?

Yes, Octa has a glossary and FAQ area to help clarify trading jargon and address typical questions.

 

Forex Trading Guides

Octa guides extensive Forex trading that really meets almost all the needs of traders from the very novice to the seasoned veteran in trading skills.

The guides include market analysis, trading strategies, and risk management, among many other topics, which make sure the users have a good touch on the fundamentals of Forex trading.

The materials are presented via user-friendly formats like articles, eBooks, and video tutorials, thus learning easily and excitingly.

The salient features of this material are the practical testing, compelling traders to implement the concepts into their trading activity.

Whether you are a complete newcomer just trying to learn the ropes or a professional trader working to perfect your skills, then the Forex trading guides from Octa will give you the right information.

 

Sponsorships

Sponsorships

 

Octa has demonstrated its commitment to excellence and positive social impact through participating in various sponsorships. The company supports the Bali Sports Foundation’s mission of assisting disabled athletes in Bali and East South Africa, recognizing that sports can cultivate resilience and life-changing determination.

Moreover, Octa was a significant backer of the popular Rip Curl Cup Padang-Padang surfing competition, held annually in Bali and featuring international competitors.

Additionally, Octa entered into a year-long sponsorship agreement with Southampton FC from July 2015 to June 2016, forming an alliance based on their shared pursuit for greatness as top-tier participants in England’s Premier League football scene.

 

Cashback Rebates Features and Conditions

Octa offers South African traders an intriguing cashback rebate program. This program allows them to reclaim a percentage of the trading spread or fees incurred when opening or closing orders.

This rebate program is available on the MT4, MT5, and OctaTrader platforms and offers reimbursements ranging from $4.8 to $8 per lot traded. This program is unique because it covers lucrative and loss-making orders, allowing traders to benefit from various market conditions.

In addition to the direct reward, program participants receive additional benefits. Traders receive a 5% loyalty bonus, which boosts their overall rewards. Furthermore, users earn reward points equal to 1% of their rebates. This multi-tiered approach to compensation ensures that traders maximize their earnings while actively participating in the market.

The method is simple. Rebates are credited to the trader’s account every week. Furthermore, South African traders can withdraw these funds whenever they want, based on their available balance.

 

Can I withdraw my Octa rebates anytime?

Yes, you have complete control over when and how much rebate earnings you withdraw.

 

How straightforward is the Octa rebate process?

The process is simple; refunds are automatically credited, providing users with considerable convenience.

 

VPS Review

Octa provides a specialized Virtual Private Server (VPS) service for South African forex traders.  This helpful tool empowers traders by allowing them to perform automated trading methods 24 hours a day, seven days a week, without relying on the availability of their devices.

Furthermore, Octa offers this VPS service to all account holders for free, assuring access to a safe and dedicated virtual server in a highly secure data center.

The VPS architecture has been precisely developed to accommodate MetaTrader 4 (MT4), a well-known trading platform in the forex community. This compatibility is vital because it allows traders to install and run Expert Advisors (EAs) and custom indicators on the VPS.

This ensures that these critical trading tools can run indefinitely, regardless of the trader’s device uptime or the reliability of their internet connection.

South African traders should follow simple procedures to utilize Octa’s VPS services fully, including the following:

  • Firstly, traders must open and activate an Octa live trading account.
  • Users must present the relevant identification documentation.
  • To activate the VPS service, traders must make a minimum deposit of $500 or equivalent in other currencies.
  • Furthermore, they should strive to satisfy a monthly trading requirement of 10 standard lots.

 

What is the primary benefit of Octa’s VPS service?

Octa’s VPS solution enables traders to execute automated trading algorithms indefinitely, regardless of equipment state.

 

Are there any trading volume requirements for using Octa’s VPS?

To continue using the VPS service, traders must perform a minimum of 10 monthly standard lots.

 

Geographic Reach and Limitations

Octa is expanding across Africa, The United Kingdom, Hong Kong, South Africa, Cyprus, South Africa, and Thailand.

 

Countries not accepted by Octa.

Octa does not accept clients from the United States.

 

Popularity among South African traders who choose Octa

Octa is ranked among the Top 20 Forex and CFD brokers for South Africa.

 

Does Octa offer services in multiple languages?

Yes, Octa offers customer service and website information in multiple languages.

 

Does Octa offer localized payment methods?

Yes, Octa supports payment methods like OZOW, EFT Secure, and transfers to and from local banks in South Africa.

 

10 Best Forex Brokers in South Africa for 2025

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

$100

#2

FSCA, CySEC, FCA, DFSA, FSA, CMA

$0

#3

CySEC, MWALI, FSCA

$25

#4

CySEC, FCA, FSA, FSCA

$100

#5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

$10

#6

CySEC, ASIC, FSA, BVI, FSCA

$25

#7

ASIC, CySEC, FSA, SCB

$200

#8

ASIC, CySEC, FSCA, FSA, FSC, CMA

$100

#9

FCA, CySEC, FSCA, SCB

$100

#10

FSCA, FSC, ASIC, CySEC, DFSA

$5

#1

4.8/5

User Score

#2

4.7/5

User Score

#3

4.7/5

User Score

#4

4.4/5

User Score

#5

4.7/5

User Score

#6

4.0/5

User Score

#7

4.7/5

User Score

#8

4.8/5

User Score

#9

4.5/5

User Score

#10

4.9/5

User Score

 

Best Countries by Traders

🔎 Country📉 Market Share
🥇 India19.31%
🥈 Indonesia13.53%
🥉 Philippines4.91%
🏅 Malaysia4.9%
🎖️ Egypt3.73%

 

Octa Web Traffic Report

Octa Web Traffic Report

Our Experience

We have had nothing but good experiences with Octa, especially considering it offers specialized Forex services.

One of the things that makes Octa unique is its dedication to offering a user-friendly trading environment for novices and adequately stable for seasoned traders. We find the platform appealing due to its competitive spreads and incorporation of cutting-edge trading tools.

Our research has shown that Octa’s emphasis on technological innovation dramatically improves the trading experience, as evidenced by the smooth functioning of its trading platforms.

Furthermore, the broker has fostered a sense of trust and dependability, which is essential in the turbulent world of Forex trading, thanks to its commitment to transparency and regulatory compliance.

 

Trading Platform

We are impressed by the Octa Trading Platform’s sophisticated yet user-friendly interface, especially with the MetaTrader 4 and MetaTrader 5 products.

The platforms offer analytical tools, such as highly adjustable trading robots (EAs), numerous technical indicators, and sophisticated charting capabilities.

This adaptability enables a highly customized trading experience that accommodates different trading philosophies and tactics.

In our experience, reducing slippage and executing quick trades is crucial for day traders and scalpers, and the platforms’ remarkable speed and stability are noteworthy.

Furthermore, these platforms’ mobile versions are dependable and feature-rich, allowing for efficient trading while on the go—a huge benefit in today’s world where mobile devices are everything.

 

Quality of Customer Service

One notable part of our experience has been Octa’s high-caliber customer service. Being informed, accommodating, and readily available around the clock is crucial in the Forex market, which operates 24 hours a day, 5 days a week across regions and time zones.

We also discovered that questions and problems are resolved quickly and effectively, demonstrating professionalism and client service. A significant benefit is the bilingual service, which guarantees that traders worldwide—including South Africa—get help in their language.

Furthermore, Octa’s extensive library of educational materials, including webinars, tutorials, and articles, shows that it is dedicated to arming traders with information, an essential facet of customer support.

 

Recommendations

Recommendations according to our in-depth review of Octa:

  • More South African-specific payment alternatives would make the deposit and withdrawal procedure easier for local traders.
  • By removing currency conversion fees, accounts denominated in South African Rand (ZAR) could attract more local traders.
  • More advanced risk management tools could aid traders in navigating the unpredictable Forex market.
  • More development of mobile apps to add more desktop platform functions could appeal to the expanding trend of mobile trading.
  • Increasing the number of trading instruments available, particularly those relevant to the South African market, would appeal to a broader spectrum of trading interests.
  • More physical offices or local reps in South Africa could help to build confidence and deliver more personalized service.
  • Making forums or community platforms available for South African traders to share thoughts and strategies could help to develop a feeling of community.
  • More detailed market analysis and research customized to South Africa could help traders make more educated judgments.
  • Promotions and bonuses tailored to the South African market could boost engagement and appeal to local traders.
  • It would be advantageous to tailor educational materials to suit local market realities and economic issues pertinent to South Africa.

 

Customer Support

Customer Support

 

⏰ Operating Hours24/7
📌 Support LanguagesEnglish, Malay, Portuguese, Malay, Thai, Chinese, and Vietnamese
📍 Live ChatYes
💌 Email AddressYes
☎️ Telephonic SupportYes
5️⃣ The overall quality of Octa Support4/5

 

Pros and Cons

✅ Pros❌ Cons
Octa’s customer support is available across various channels 24 hours a dayOcta does not have a local office in South Africa

 

How can I reach Octa customer support?

You can reach Octa customer service via live chat, email, or phone.

 

Is there in-depth technical support available from Octa?

While customer support is generally helpful, some users have expressed a desire for more in-depth technical assistance.

 

Customer Reviews

 

🥇 Strong Choice!

Octa has been operating powerfully, particularly in transaction services. The addition of an indicator table, such as the MACD, beside the trade chart, on the other hand, would improve the overall experience. – Mia Jacobs

 

🥈 Highly Recommend

Octa is a highly recommended product. It combines excellent customer support with a fantastic trading experience, making it the clear choice for traders, particularly newbies. – Benjamin Dlamini

 

🥉 Low Spreads

Octa provides traders with the necessary flexibility while keeping low spreads and a transparent trading environment. It is a must-have option for any trader. – Aaron Van Zyl

 

Pros and Cons

✅ Pros❌ Cons
Octa offers powerful trading platforms that cater to different tradersOcta has no local office in South Africa
The platform offers a diverse set of trading instrumentsOcta is not regulated by any Tier-1 regulatory entities
Octa Group is regulated with 1 Tier-2 regulation CySEC (372/18). Their entity ‘Orinoco Capital (Pty) Ltd’ is Authorized under FSCA.The demo account expires after 30 days
Octa accepts South African Rand (ZAR) transactionsThere may be a perceived conflict of interest as a market maker when Octa earns from client losses
No commission on trading with any account type. Their spreads are low.The minimum deposit is $25 or equivalent in ZAR if you are using bank transfer.

 

Octa Risk Warning and Disclaimer for Traders:  Certain hazards are associated with investing in the financial markets as a South African, and these risks must be carefully considered.  These markets are renowned for their volatility, with the ability to produce both sudden wins and losses in moments. South African traders have to accept that losses are a given even in their quest for possible gains.

Even though trading has the potential to yield significant profits, South African traders must proceed with extreme caution. This entails using informed methods and thoroughly understanding all possible outcomes before making any financial decisions.

By doing this, traders will be more resilient and confident as they negotiate these fast-moving markets.

 

Our Review Methodology:  For each of our broker evaluations, we investigate, evaluate, analyze, and compare what we feel to be the most crucial criteria to consider when selecting a broker.  Based on our findings, this evaluation comprises positives, disadvantages, and an overall score. We want to assist you in locating the ideal broker for your requirements.

Our broker review should not be considered financial advice. However, traders are urged to seek professional financial advice before making investment decisions.

Addendum/Disclosure:  No matter how diligently we strive to maintain accuracy, the forex market is volatile and may change anytime, even if the information supplied is correct when going live.

Investor Warning: Foreign currency trading on margin is associated with an elevated risk and may not be appropriate for all South African investors.

Before engaging in foreign currency or Contract for Difference (CFD) trading, you must evaluate your investing goals, expertise, appetite for risk, and willingness to be exposed to risk. In addition, you should not start investing capital you cannot afford to lose because you could lose part of your original investment.

 

Conclusion

In our experience, Octa is a commendable Forex trading platform, especially for its adaptability to beginner and experienced traders.

The combination of the OctaTrader, MetaTrader 4, and MetaTrader 5 platforms provides a blend of user-friendly interfaces and complex trading functions, meeting the different needs of the South African trading community.

Our research shows that cheap spreads and various account types demonstrate Octa’s dedication to providing flexible trading conditions.

Furthermore, emphasizing educational resources and responsive customer service improves the trading experience, fostering confidence among beginning traders.

However, our findings also indicate that while Octa has strengths in technology and customer support, it may strengthen its position in the South African market in some areas.

 

You might also like: Octa Minimum Deposit.

You might also like: Octa Islamic Account

You might also like: Octa Account Types

You might also like: Octa Fees, Spreads, and Commission

You might also like: Octa Sign-Up Bonus

 

Frequently Asked Questions

Is Octa regulated?

Yes, the broker is regulated by the FSCA, CySEC, and MISA.

 

Is Octa suitable for beginners?

I rate Octa as a suitable broker for beginners.

 

How long does it take to withdraw from Octa?

The broker withdrawals take between 1 and 3 hours across payment methods.

 

Can South Africans trade in ZAR with Octa?

The broker accepts South African Rand (ZAR) transactions, allowing local traders to deposit, trade, and withdraw funds in their currency.

 

What deposit and withdrawal methods are available for South Africans on Octa?

The broker caters to the South African market by offering local bank transfers, credit/debit cards, and e-wallets.

 

Is Octa Safe or a Scam?

The broker is a safe broker locally regulated in South Africa.

 

What trading platforms does Octa offer in South Africa?

The broker caters to varied trading preferences by offering popular platforms such as MetaTrader 4 and MetaTrader 5 and their unique OctaTrader platform.

 

Does Octa have Nasdaq 100?

Yes, Octa has Nasdaq 100 under “NAS100”, which South Africans can trade as a CFD on indices.

 

How do I open an account with Octa in South Africa?

You can open an account by going to the Octa website, filling out the registration form, submitting the required identity documents, and funding your account.

 

Are there any deposit bonuses for South African traders on Octa?

The broker frequently offers deposit incentives, like a 50% deposit bonus, but availability and requirements change, so check their current promos.

 

Does Octa pay real money?

All your profit and loss is real money.

 

Is Octa trusted?

Yes, Octa is a legally established international company.

 

Does Octa have VIX 75?

No, Octa does not have VIX 75.

 

How does Octa ensure the security of funds for South African traders?

Octa implements stringent security procedures to safeguard traders’ capital, such as segregated accounts for customer funds.

 

References

Octa FSCA

MetaTrader 4 and MetaTrader 5

OctaFX Spreads

Octa Account Types

 

my app

January 30, 2025

I am not too crazy about fx… But when i’m happy as an app user, I will acknowledge that.

Wu Zheng En

Valid

January 4, 2025

been a big name broker for long since I remember. sometimes I return to trade on octa app.

Rafeeda

Their instruments and materials are usefull

January 4, 2025

Octa broker provides amazing useful instruments and materials for traders from South Asia. I have only had positive experiences with their easy-to-use interface and very fast payment services.

The features in the platform give trades easy handling and increase their efficiency.

Unggul Firgantoro

it’s a solid broker

January 4, 2025

Basically, they provide one account, although three are listed but the diference is only in the trading app.

However, I don’t mind it since the trading costs are really good 👍

X Ming

Everything you need as a trader and more!

November 1, 2024

Safe, insightful, great trading tools, super quick withdrawals, ideal for beginners!

I can gladly recommend Octa as a trading partner and platform, well suited for the South African market

Nicky

Response from SA Shares

Thank you for your review.


4.9/5 - (41 votes)

Table of Contents

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

February 5, 2025

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

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