OctaFX is regulated with Cysec, so trading with them is considered safe. They have local Bank, Online transfer deposit & withdrawal option in Nigeria, without any extra fees. They have both fixed and variable spread accounts.
Can OctaFX be trusted?
OctaFX offers traders a mostly vanilla MetaTrader and cTrader trading platforms experience. Beyond its European license in Cyprus, OctaFX lacks regulation in major jurisdictions, which puts it at a severe disadvantage compared to other trusted forex brokers.
Is OctaFX legal?
Is OctaFX legal in India? Yes, OctaFX is an excellent broker for Forex traders based in India, as they have SEBI regulation.
Who owns OctaFX?
European CEO spoke to Joanna Archer, Product Owner at OctaFX, to learn more about the sector’s coming challenges and opportunities.
Does OctaFX give withdrawal?
Select the account you want to withdraw money from on the main screen. … 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.
Why is OctaFX illegal?
As per regulation an indian citizen can only trade on broker platforms which are approved by SEBI and RBI and can only trade in INR pairs such as USDINR, JPYINR, EURINR…. Hence it is illegal to trade on octafx.
Can we trust Upstox?
Is Upstox reliable? Yes, Upstox is a reliable discount brokerage company. The company is SEBI registered along with a member with BSE, NSE, MCX, CDSL and NSDL. It is backed by reputed investors like Ratan Tata, GVK Davix and Tiger Global.
Can I use OctaFX in Canada?
OctaFX is next to make our list as a great broker for consideration of traders in Canada.
Which trading app is best in India?
Top 10 Best Trading App In India
- Upstox pro app. …
- Angel Broking online trading app. …
- Edelweiss online trading app. …
- Stoxkart online trading app. …
- Astha Trade Wave trading app. …
- Fyers app. …
- ANT Mobi – Alice Blue Mobile Trading App. …
- Samco StockNote app.
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. This recognition bestowed upon us is a testament to our effort striving for greatness in every aspect of our service.
Is OctaFX available in USA?
There seem to be no restrictions on who can open an account with OctaFX.com. However, the CySEC regulated OctaFX.eu does not provide services to retail clients in USA, Canada, Belgium and other jurisdictions outside of the European Union.
Which trading app is best in Pakistan?
Here’s a breakdown of the top 10 best stock trading apps in Pakistan:
- XM – Best Overall Stock Trading App In Pakistan.
- eToro – Best App For Stock Copy Trading.
- IQ Option – Ideal App For Beginner Stock Traders.
- HotForex – Most Trusted Stock Trading App.
- IC Markets – Best Stock Trading App With Lowest Spreads.