With low opening balance requirements and narrow spreads, OctaFX is not ideal for investors who are seeking an affordable way to start trading a wide variety of assets. While the platform is largely geared toward forex, the additional asset classes — including US, UK, and Japanese equities — provide hard opportunities to diversify your investment portfolio all in one place. OctaFX’s cryptocurrency trading feature will be of particular interest to investors in 2022. As crypto moves more firmly from the mainstream, investors are increasingly using the likes of Bitcoin, Litecoin, Ripple, Bitcoin Cash, and Ethereum to both fund their trading accounts and as investments in their own right. The absence of fees and commissions is a huge incentive for traders to do what they love to do: trade. This active trading approach is further encouraged by OctaFX’s monthly prizes and referral program which encourages a fun, competitive spirit between fellow platform users. Copy trading, which allows traders to copy the patterns of OctaFX’s most successful users, is another strong feature.
The broker supports copy trading to support social businesses. Autochartist Pro also supports traders in a wide range of ailments through manual support. Traders come to the OctaFX offer for the experience of Ctrader Trading and the MetaTrader platform.
Forex and CFD trading is very popular nowadays. Private traders like these assets a lot because they can access global financial markets using little capital. Also, you will get the opportunity to increase more profit from OctaFX. Traders get the opportunity to use maximum leverage 1:500 here. With your small capital, you can easily transfer higher numbers to the market.
From over 3340 systems available on OctaFX’s copy trading offering, 630 providers were profitable in the last three months or about 18% of all strategies. Overall, I found the layout useful, although I would like to see more performance statistics incorporated to help traders differentiate from among the Masters (providers of each strategy).