OctaFX

OctaFX

4.8 out of 5 stars
ExchangeRate-API OctaFX

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ExchangeRate-API:

About

Just 2 lines of code in any programming language that supports HTTP requests. Clear documentation, exceptional uptime record and helpful support. We support API endpoints for our paid plan customers until the very last user stops using them. You won't need to update your forex API implementation code until you decide to. We still have customers using the original API endpoints that we launched with in 2010 - that's over 10 years of a specific GET request quietly working without a breaking change! Our data makes it easy to view international sales on your company's dashboards. Or keep track of your earnings with a foreign payment processor in your home currency. We have a number of customers using our forex API to feed spreadsheet models and scripts that process the data for academic projects, personal research etc.
OctaFX:

About

The decade of achievements, awards, and steady access to global financial markets for over four million traders. Create trading accounts, modify leverage, enable swap-free options, edit and restore passwords. Make deposits and withdrawals using the most popular payment options. View your detailed overall or account operation history, apply convenient filters to it and cancel your previous deposit. Start trading in a compatible trading platform app. View contest statistics and access your contest accounts. Activate bonuses and view statistics on active and completed bonuses. OctaFX Forex Broker ensures reliable Forex trading conditions to provide traders of all skill levels with an opportunity to earn more. OctaFX, one of the best Forex brokers on the market, for traders all round the world. OctaFX offers access to CFD trading, commodity trading and indices trading with award-winning Forex trading conditions.
ExchangeRate-API:

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported
OctaFX:

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Supported
iPad Supported
Android Supported
Chromebook Not Supported
ExchangeRate-API:

Audience

Anyone looking for a Currency Exchange platform
OctaFX:

Audience

Users looking for a Forex broker solution to get access to CFD trading, commodity trading and indices trading
ExchangeRate-API:

Support

Phone Support Supported
24/7 Live Support Not Supported
Online Supported
OctaFX:

Support

Phone Support Not Supported
24/7 Live Support Supported
Online Supported
ExchangeRate-API:

API

Offers API Not Supported
OctaFX:

API

Offers API Not Supported
ExchangeRate-API:

Screenshots and Videos

OctaFX:

Screenshots and Videos

ExchangeRate-API:

Pricing

No information available.
Free Version Supported
Free Trial Not Supported
OctaFX:

Pricing

No information available.
Free Version Not Supported
Free Trial Not Supported
ExchangeRate-API:

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

This software hasn't been reviewed yet. Be the first to provide a review:

Review this Software
OctaFX:

Reviews/Ratings

Overall 4.8 / 5
ease 4.8 / 5
features 4.8 / 5
design 4.4 / 5
support 4.9 / 5
OctaFX:

Pros & Cons from Real Users

Pros

  • Octa doesn’t charge any swap fees for overnight positions which means I can hold trades for weeks, and even months without losing anything on trading-costs, except for paying spreads. As a swing-positional trader I think it’s a game-changer because I believe big profits always are made from mid-term trades, I mean instead of sweating every day and trying to catch 1-2% profits, it’s better focus on something bigger, just opening a trade and leaving it for days or weeks until the price will be grown or fallen by 10-15% and that’s it. You made profits without worrying about every tick.
  • It’s been a year since I’ve been using the AI chart feature on their proprietary platform. I dunno how Octa managed to come up with such a cool tool because I see how other brokers are still behind them and lose competition. The way it analyzes my charts is indeed effective, just a few clicks, and there you go, you get a whole picture about what’s going on there...
  • Honestly, it’s pretty uncommon to come across trading conditions like those offered by Octa. Plus, it’s a relief to know that the broker is trustworthy and doesn’t demand a hefty deposit just to access those tight fees. They provide just one trading account, and that is more than enough to fit any trading strategy imho.
  • First thing to report that I liked is for sure special trading plaform - OctaTrader. It has AI tools that is helpful for trading. AI pattern recognition tool is a great additon. The app itself is user friendly too.
  • Support services are really nice, they answer quick most of the time. I hadonly positive experiences with live chat. and their own platform is packed with different features.

Cons

  • The design of the Octa trade app felt a little bit overwhelming because I needed to open guidelines to understand where and what buttons I have to click to open a chart, positions, and how to put stop losses and take profits. I mean it took a while to adjust to the platform’s functionality.
  • Sometimes spreads might be wider than usual, and ofc nobody likes that, but I hope they will be able to provide tighter spreads on cryptocurrencies, regarding forex pairs, they’re fine.
  • What I didn’t like was the commodity asset variation. They only have gold and silver, but where is crude oil or copper as an example?
  • I think they should update their education section. :D
  • Still has a drawback and its not enough asset, I think they can do like 1000+ assets so people have a wider selection.
ExchangeRate-API:

Training

Documentation Supported
Webinars Not Supported
Live Online Not Supported
In Person Not Supported
OctaFX:

Training

Documentation Supported
Webinars Not Supported
Live Online Not Supported
In Person Supported
ExchangeRate-API:

Company Information

ExchangeRate-API
South Africa
www.exchangerate-api.com
OctaFX:

Company Information

OctaFX
Founded: 2012
St. Vincent and the Grenadines
www.octafx.com
ExchangeRate-API:

Alternatives

OANDA

OANDA

4.5 out of 5 stars
OctaFX:

Alternatives

Vantage

Vantage

Vantage Markets
4.4 out of 5 stars
ExchangeRate-API:
OANDA Exchange Rate API

OANDA Exchange Rate API

OANDA
5.0 out of 5 stars
OctaFX:
ExchangeRate-API:
OctaFX:
ExchangeRate-API:
OctaFX:
ExchangeRate-API:
ReliMoney

ReliMoney

RNFI Money (ReliMoney)
OctaFX:
ExchangeRate-API:

Categories

Currency Exchange Supported
OctaFX:

Categories

Copy Trading Supported
Currency Exchange Supported
Forex Trading Supported
Social Trading Supported
ExchangeRate-API:

Currency Exchange Features

Analytical Reporting Not Supported
Client Management Not Supported
Custom Account Statements Not Supported
Data Backup Scheduling Not Supported
For Money Exchanges Not Supported
Margin Management Not Supported
Market Data Access Not Supported
Position Management Not Supported
Real Time Currency Quotes Supported
Real Time Tracking Not Supported
Transaction Management Not Supported
ExchangeRate-API:

Integrations

Bitcoin Not Supported
Quickwork Supported
Skrill Not Supported
OctaFX:

Integrations

Bitcoin Supported
Quickwork Not Supported
Skrill Supported
ExchangeRate-API:
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OctaFX:
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