What are the advantages and disadvantages of Octafx? Listen Here

Choosing the right trading platform is important for all traders. Octafx is one of the traders' choices for trading with promising profits at this time. Then, what are the advantages and disadvantages of Octafx that a trader must know? Check out the review below.

Check out the advantages and disadvantages of Octafx here.

Advantages of OctaFX

Now Octafx is very popular. Even this platform is included in the 10 best trading platforms. Therefore, the advantages and disadvantages of Octafx are increasingly being considered. Of course, there are enough advantages to get a positive response. Here are some of them.

Using the Meta Trader 4 Trading Platform.

Choosing Octafx, is the right choice for traders. Octafx uses Metatrader 4 as its trading platform. Metatrader 4 itself has many advantages to support and facilitate traders in the trading process.

Metatrader 4 supports Windows and MAC operating systems, so Octafx can be accessed via PC, Macbook or Android. This makes it easier for traders to monitor trading progress at Octafx.

Considering the advantages and disadvantages of Octafx, this one aspect can be quite influential. Moreover, Metatrader 4 also offers many forex instruments. Among them are 28 currencies, precious metals, energy CFDs and many index investments.

Because it uses Metatrader 4, traders can also do their own analysis and forex trading. Apart from that, Metatrader 4 also provides a wide variety of charts and hundreds of indicators, which makes it easy for novice traders.

Many Promotions And Prizes

The next advantage is that this platform provides many promos and prizes for users. One of the attractive prizes is in the form of sophisticated devices such as Smart Watches, iPhones, and MacBooks.

To get these prizes, traders only need to trade as much as possible. The more often trading is done, the greater the chance to get prizes.

High Liquidity With Competitive Prices

Octafx's other advantages and disadvantages, in terms of plus points, is that this platform provides high liquidity, but with competitive prices and a transparent system. This high liquidity is proof that Octafx is a trading platform that can be trusted.

Favorable Rebates, Leverage and Fees

Trading on Octafx, traders will greatly benefit, because the number of transactions is larger, namely up to 500 times. This is because Octafx applies a leverage of 500: 1.

While the calculation of cash back or Rebate is set at $ 5 per lot. That is, if you can collect 1 lot every week, then the trader will get a profit of $ 50 added to his account.

Lack of Octafx

Of the many advantages it has, of course there are also disadvantages to this trading platform. One of the drawbacks that traders often complain about is the relatively large minimum deposit limit. It's oil. meaning, your trading capital should too

As is known, the minimum deposit limit at Octafx is $ 100 or Rp. 1.5 million. This value is indeed higher than other platforms. Even so, of the many benefits one can get, this is not a reason not to choose Octafx.

In addition, the issue of the legality of this platform in Indonesia is also quite crucial. This also makes access to it quite difficult, although it is still relatively safe, and is recommended by foreign traders. However, currently in Indonesia the legality is still questionable.

In the world of trading, profits and losses are commonplace. Regardless of the advantages and disadvantages of Octafx, traders can still get profits from trading carried out with various experiences and strategies they have.