OctaFX is considered high-risk, with an overall Trust Score of 61 out of 99. OctaFX is not publicly traded and does not operate a bank.
How does OctaFX make money? OctaFX offers comprehensive video tutorials as well as articles, manuals, traders’ tools, and much more.
Establish a trading strategy. …
Understand the impact of forex leverage. …
Implement a risk management plan. …
Practice with your demo account. …
Avoid emotional trading. …
Understand tax implications.
Is OctaFX legit in Nigeria?OctaFX is a CySEC regulated Forex broker, so it is considered safe for Nigerian traders to trade with them. Their spreads for major currency pairs is quite competitive. … Local deposit & withdrawals options available in Nigeria, and they don’t charge any fees with this method.
Is Octafx Legit – Related Questions
Who owns OctaFX?
Georgios D. Pantzis – CEO / General Manager – OCTAFX | LinkedIn.
How long does OctaFX withdrawal take?
We usually process withdrawal requests for 1–3 hours, but it’s up to your payment system how long it will take the money to reach the destination. Limits for withdrawals: Skrill, Perfect Money, Neteller—from 5 USD (5 EUR), without the maximum limit. Bitcoin—from 0.00096 BTC, without the maximum limit.
What is the minimum deposit for OctaFX?
Make a deposit
At OctaFX, you can start trading with a minimum of $25. The minimum deposit can vary depending on your region and the payment method.
Which trading app is best in Pakistan?
Best Forex Brokers Pakistan
IG – Best overall broker 2021, most trusted.
Saxo Bank – Best for research, trusted global brand.
Interactive Brokers – Great for professionals and institutions.
AvaTrade – Multiple trading platform options.
XM Group – Well-rounded offering.
FP Markets – Excellent pricing, great for MetaTrader.
Who is the most successful forex trader?
The Most Famous Forex Traders Ever
George Soros. George Soros was born in 1930 and began his financial career at Singer and Friedlander in London after escaping Nazi-occupied Hungary during World War II. …
Stanley Druckenmiller. …
Who is the richest forex trader in Nigeria?
Uche Paragon is a successful Nigerian Forex trader whose net worth accounted for approximately $16 million in 2019, all derived from trading currency pairs and commodities.
Who is the richest forex trader in SA?
Jabulani Ngcobo was born in 1985 is currently one of the richest Forex traders in South Africa to date. Jabulani Ngcobo is a self-made millionaire and the author of Cashflow Naked, a biography and a lesson of financial education. Jabulani Ngcobo net worth is estimated at $2.4 billion.
What is the minimum deposit for OctaFX in Nigeria?
Broker Name OctaFX Nigeria
OctaFX Minimum Deposit $50 (₦18,000)
Maximum Leverage 1:500
Regulation CySEC (372/18), SVGFSA (19776)
Trading Instruments 28 Currency Pairs, 3 Cryptos, 4 metals, 10 Indices
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Is Forex banned in India?
Forex Trading Illegal In India
In India, however, forex trading platforms are banned. While you cannot directly trade in the foreign exchange market, you can still trade in currencies through the stock exchange. Under the Foreign Exchange Management Act (FEMA), binary trading is not allowed.
Which is best online trading app in India?
Rank Trading Platform Performance Ratings
1 Zerodha Kite 9.8/10
2 Upstox Pro App 9.4/10
3 Angel Broking Mobile App 9.0/10
4 5Paisa Mobile App 8.9/10
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Is Oanda legal in India?
It is legally allowed to trade Forex within Indian Exchanges like BSE, NSE, MCX-SX. However, you can hit big or lose it all just as easily. If you think a currency will increase or decrease in value, you can buy or sell it accordingly.
How do I withdraw money from OctaFX copy trading?
Click Trading Accounts on the right and open “My Accounts” to see the full list. Here you can view general information including account number, type, currency and balance, switch between accounts, hide or display them on the main page, make deposits and create withdrawal requests.
Is OctaFX Halal or Haram?
They’ve awarded us as the Best Islamic FX Account of 2020. Our accounts are crafted explicitly in a way to facilitate Muslim traders.
How can I earn money by trading?
7 Easy Ways To Make Money In Stocks
How to make money in stock markets?
Know the kind of a trader you are. …
Try and avoid the herd mentality. …
Never try to time the stock market. …
Have a disciplined approach for investment. …
Never let your emotions influence the judgement. …
Always have realistic goals.
Which broker is the best in Nigeria?
Best Forex Brokers in Nigeria
FXTM – Nigerian Naira (NGN) Funding.
IC Markets – Lowest Spread Nigerian Broker.
HotForex – Best High Leverage Forex Broker.
AvaTrade – Best Fixed Spread Trading Account.
OANDA – Most Regulated Broker (FCA, ASIC)
Plus500 – Best Forex Demo Account.
OctaFX – Top Nigerian Islamic Account.
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Who is Manish Patel OctaFX?
Achievements: Pioneered web development and internet-related education, seminars, and services in 1995 in his state. Provides technical analysis for Forex, cryptocurrencies, and stocks. Successfully conducts live trading webinars and Forex education with OctaFX since September 2020.
Is OctaFX an Indian company?
OCTAFX INDIA PRIVATE LIMITED is a Private incorporated on 04-10-2019. It is classified as a Non-Govt and is registered at RoC-Mumbai. Their state of registration is Maharashtra. Its authorized share capital is 1000000.00 and its paid-up capital is 1000000.00.
Is OctaFX safe in Pakistan?
In this regard, he filed an information detail order and validity of the investment at the Pakistan Citizen Portal to know investment on OctaFX was safe. … Jabbar continued that every investment platform is considered safe in Pakistan as long as it is registered with the local regulator and the State Bank of Pakistan.
Does OctaFX give withdrawal?
Steps to withdrawing from your OctaFX account:
First, you have to login into your trading account. From there, you then select the account you want to withdraw money from on the main screen. Then press Withdraw. You will see a full list of payment options available in your region.
Does OctaFX charge for withdrawal?
OctaFX offers market execution of less than a second, no commission on deposit and withdrawal, lowest spreads in the industry, various deposit and withdrawal methods, negative balance protection, and a wide range of trading tools.