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About Octa:
Octa is an international broker providing online trading services since 2011. Enjoy commission-free access to financial markets with the lowest spreads in industry and advantageous leverage up to 1:1000!
waht a question man...i think the right answer for all must be their AI tool that is integrated into the platform, i am talking about octatrader platfom. U see, thanks to smart algos the AI tools is capable of detecting patterns in the chart, I can not say that it will be like a panacea for all your trading challenges, however it is a great supplement for sure. FOr example, I see that some patterns that are developed have lower success rate, and therefore when the AI shows the pattern I have more conviction, thus my odds of success are higher.
Apart from the AI tool, it is notwerthy that the app itself is well designed, you wont have issues with getting used to it. I know some other trading apps that require a lot of time spent on it in order to understand fully. Here it is not the case, the developers really though about UI, and made it friednly.
If you need some education , then this part is also embedded into the app, basically all is there for your smooth trading. The rest is your guts and courage to trade, may AI pattern recognizer help you become a better trader!
Well it's an AI tool that has 2 features - as far as I know, and new ones are coming up, but so far:
- It can scan your singular trade and give you recommendations on what you could have done better, perpahs the SL or TP, or entry, or your risk and etc, gives you insight
- It can scan your whole trading history to reveal your personal patterns, and it's decent as well becasue you can see what you lack in
It makes my decisions faster. I talk mainly about pattern recognition AI. Vision is fine, but needs some improvement. It looked raw to me. I see the drawn patterns and used it either as additional confluence to go for a trade or copy these patterns on my chart, waiting the price to come to these zones. It saves helluva time, spent on finding strong support and resistance levels especially. Faster trading=better trading.
There are two ways to check what other traders share in their reviews about the withdrawal procedure with the broker. If something is not as it supposed to be, trader spread the word about this very important aspect when considering a broker. But, you can’t be 100% sure since the withdrawal procedure depends pretty much on various external factors, like regions and third party transfer providers. To be sure, like 100% sure the best way is to make a test withdrawal. This means you need to open account, deposit the minimum required amount, you can trade for a while, a day or two and then make the test withdrawal. Many trader do this before they deposit the amount they are willing to trade
Yep, gold is my favourite asset amongst many, because of its volatility and strong moves that it makes inside the day. To be honest, i’m not tha fan of trading during NFP or other high volatile red folder news, because it’s like gambling. Even if you guess the news outcome to be positive, the market might not be bullish - you can’t predict it. It might go up, or it can drop down quickly. So, i would advise you to stay away from trading NFP and other news like that, but if you just want to gamble and fun then go for it. The slippage is there of course, because the market is too volatile at the moment when news are dropped. However, you can put limit orders below if you are looking for longs, it filled my orders without any rejection or slippage.
The strong side of Octa is that they don't charge swap fees for any of their accounts. Whichever account you choose, you won't pay swaps, only spreads.
Good question my brother. Actually, all of their accounts are without swap fees and this is one the biggest advantages of Octa broker. A lot of people were dumbfounded, including me finding out about it during the registration process. And even european traders can trade without swaps, you don’t necessarily have to be a muslim to access these accs.
Well, isn't that a coincidence... I've been investigating swap free brokers and octa is definitely up there on the list of my top pics. It might be easier to describe the fees they do charge, if we're being real here. But just to be brief, there are no rollover fees, no deposit or withdrawal fees... heck, no trading commission either. So basically they're only making money from spreads, which are not the best, but still very acceptable considering all of the factors above.
I think the benefits should be clear now
As far as i know they are regulated by CySec, which is a reputable authority. So, you can be sure that your funds are safe with them, as they have a segregated account to traders funds.
nice question, mate. As far as i am concerned, NOPE. The market range is different depending on what trading app you are going to choose, but I would recommend going for the metatrader 5 platform.
I have experience both depositing funds here at Octa and withdrawing money. And I can tell you that you have nothing to worry about. This is a fast profitable and transparent process
I understand that some of trading conditions of my Octatrader account are not the brst compared to the rest of accounts But for me, advantages of this trading platform that I received after I opened trading account are more important. Now I understand that my decision was justified and I see positive results from such a decision. I can't recommend any of Octa accounts because each trader must independently determine which of accounts is more suitable than others. But I can recommend using special table on the official website to compare conditions and features of each of these services
Well, that depends on your personal preferences. If you ask me, Octa custom trading app is more advanced and easy to use. Especially if you compare it to MT4.For instance, you can set price alerts on Octa app, while both MT apps don’t have this feature.
But it also depends on what you want to do through your app. If it is only for trading, the difference is not huge. However, Octa app allows you to manage your account directly from the platform, meaning you can place withdrawal inquiries, deposit your account, have access to market insights, and the most important thing is that the charting is imported from TradingView, which is the most advanced charting platform currently on the market.
So, my vote goes to Octa app.
I reckon it's just a all-in-one hub and this is a great advantage on the background of the MT.
All these spaces save time, you ain't need to search for what you need for hours, lol.
I understand that sometimes there are good trading conditions, but the legal base of the broker raises questions, but I am sure this isn't about the Octa. Guys are properly regulated by well-known names in the industry, so make sure you have checked legal documents they publish on the website.
Plus they have been in the bizz since the beginning of the previous decade, so... history speaks volumes in this case. Check some awards as well.
Good question, as soon as I passed the registration I found out that they have their own trading platform and I immediately opened the platform. Octa trading platform is really convenient to use and at the same time it has a lot of advanced features for efficient trading and I like how many pending orders are available. The user interface is definitely not the same as other common and popular platforms like MT4 and MT5.
Well, it is more multifunctional and modern than previous ones I've used before! By the way, there are no lags during rush hour on financial markets and thanks to this my orders always work instantly!
Here in India octafx operates for a long time already. In fact it is very popular among us. I am seeing traders from all around the world however. Octa is international, yes. They have got new features now like their own platform OctaTrader, but they are operate for a very long time–lots of research and help for traders. I use it and they work well.
You can check their website to be sure, but I believe that they are. I use the octafx copy trading tool they have from my home country, and I know at least 2 other guys that use it from different countries. They’re site is in a bunch of languages, as well. I have no complaints about their platform–seems to be legit.
Yes they are working internationally. I talk to their customer support when i first start trading, and they are fast to answer any questions. They have site in many language, and i use in my native tongue; they are communicating with me in that language. I ask about octafx copy trading as a new tool to try. I watch material for education on trading from octafx too. Good support.
