Discuss OctaFX.com

[OctaFX]

OctaFX: changes in trading conditions for the June 23rd Brexit vote

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The “Brexit” vote, taking place on the 23rd of June this year, on whether or not there should be a British exit from the EU, is an important day to be aware of for OctaFX customers.

OctaFX is responding to the increasing probability that there could be some changes in the currency markets, therefore, OctaFX will update its trading conditions.

Due to the Brexit vote, OctaFX will increase margin requirements on all pairs, that include British pound (GBP) and the Euro (EUR), starting from June 23rd until June 27th. The margin requirements are going to be increased to 1 per cent on the GBP pairs (1:100) and to 0.5 per cent on the EUR pairs (1:200). On the day of the referendum, June 23rd, margin requirements on the British pound pairs can be increased to 2% (1:50).

This vote is something that traders and markets cannot ignore.

Also, please be aware that there are always potential risks, OctaFX would like you to make you aware that the requirements can be changed depending on market volatility.

 

[OctaFX]

Technical Analysis quiz​

Take a technical analysis quiz at our website and find out how well you know Forex trading basics!
You can now check if you are proficient in Technical Analysis by answering a quiz from OctaFX!


Leave your score here!

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[OctaFX]

OctaFX helps disabled sail in Bali

At OctaFX we are happy to support sports education and foundations, that help make a difference to the lives of people with disabilities.

That’s why we, at OctaFX, are proud to call ourselves a socially responsible company that offers support to disabled people. One such foundation that we aid is the Bali Sports Foundation (BSF), that helps disabled sportsmen in Bali and East Indonesia partake in various sports. We support 3 sports, on behalf of the BSF:

• Wheelchair Basketball
• Wheelchair Rugby
• Disabled Sailing

Through our time and effort of volunteering for the BSF, we are very happy to announce the recent purchase and donation of a Hansa 303 para sail boat worth $10,000, for the BSF sailing programme. This sail boat will enable many disabled people, in the region, to develop skills that otherwise would be hard to attain.

The BSF helps improve the lives of many people living with disabilities in Bali and East Indonesia. The BSF focus on disabled, special needs and adaptive sports. The foundation runs many programmes for autistic, cerebral palsy, blind, deaf mute and amputee youths. Parasailing is just one of the many sports run by the BSF for disabled people.

The foundation endeavours to make sporting provisions for the disabled and bring together the Indonesian Ministry of Health, Ministry of Youth and Sports, Ministry of Education along with national sports federations and the Paralympic committee, to provide opportunities for disabled sportsmen and women.

The parasailing boat is currently being used within the BSF and will be seen in action in the up and coming Bali International Disabled Sailing Regattas on September 8th – 12th September 2016.

 

[OctaFX]

OctaFX demonstrates reliability during Brexit vote market turmoil
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OctaFX would like to let you know that company’s financial position has not been negatively affected due to today’s market volatility caused by Britain’s decision to leave the EU.

Both outcomes of the referendum were carefully studied by our experts, therefore high volatility came as expected. In order to prevent any additional risks occurrence we have taken measures to protect our clients’ interests in advance, increasing margin requirements.

OctaFX remains fully reliable and solvent facing significant market moves caused by Brexit. Thanks to the advanced risk management procedures and extensive experience in operating under volatile market conditions OctaFX has managed to minimise the risks associated with the event.

In case you have any questions, don’t hesitate to contact our award-winning Customer Support:support@octafx.com.

 

[OctaFX]

How to start trading in 4 easy steps

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1. Register with OctaFX by opening an account.
   Having an account allows you to access your personal area on our website and to trade with OctaFX. Once registered, please check your email to find out your personal area login details and trading account credentials.
   Personal area login details will allow you to manage your funds, get bonuses and take part in our promotions, while trading account credentials are used to access trading platform.
2. Make a deposit.
   Login to your Personal area to make a deposit. At OctaFX you can start trading with a minimum of $5 although the initial deposit can be higher. According to Risk Management strategy, the more funds you have, the less risks you are exposing yourself to on a particular trade.
   We don’t charge any commissions on your deposit and our withdrawal systems work efficiently to help you withdraw your profits.
3. Sign in to the web based platform.
   The web based platform requires no installation and allows you trade from any device anytime. To sign in, click File->Login, enter your account number into “Login” box, along with your trader password that was sent to your email address into the “Password” box and select OctaFX-Real, if you sign in with a real account. Alternatively, you can trade from your desktop, iOS or Android device.
4. Click “Buy” or “Sell”
   The web based platform requires no installation and allows you trade from any device anytime. To sign in, click File->Login, enter your account number into “Login” box, along with your trader password that was sent to your email address into the “Password” box and select OctaFX-Real, if you sign in with a real account. Alternatively, you can trade from your desktop, iOS or Android device.

Want to know more? Visit our education section!

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[OctaFX]

Independence Day Trading Schedule Update

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OctaFX would like to inform you of the changes in the trading hours of XAU/USD and XAG/USD pairs only, on Independence Day, July 4th.

Trading closes Monday, July 4th, 2016 at 20:00 (EET, Server time) and re-opens Tuesday, July 5th, 2016 at 01:00 (EET, Server time). Below is the timetable for your convenience:

Please, consider the fact that any open trades upon closure of trading hours will be rolled into the next day.

We would like to apologize for any inconvenience caused. Please, contact our Customers Support in case you have any questions. If any failures occur, please report immediately to support@octafx.com

Thank you for choosing OctaFX as your top-notch Forex Broker!

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[OctaFX]

Round 52 of OctaFX Champion demo contest: time to know the winners!

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The results of Round 52 of OctaFX Champion demo contest are here, so let’s meet some and congratulate our recent winners who shared the prize fund of $1000. They were happy to share their keys to success and secret techniques. Let’s welcome these traders:

• 1st place with the award of 500 USD goes to Ms. Nur Maid from Indonesia.
• 2nd place with the award of 300 USD goes to Ms. Nur Hasyim from Indonesia.

Do you want to learn how to trade so that you keep winning? Just read these success tips from our best traders!

How to win if you take part in the contest for the first time? Should you follow the news or the instincts? Should you trade during high volatility times? Learn the answers from the success stories of OctaFX champions:

1st place: Ms. Nur Maid from Indonesia
Thank you for your kind wishes! I am very happy to be in the first position this time, because of the efforts that I've done so far, finally bearing fruit! I trade every day and also will try another contests.

The key to my success is patience and the strategy that I used is SnD and good MM. I have been trading for the past 6 years and I am determined to improve my ability to be better. Thanks to OctaFX who have appreciated my trading skill!


2nd place: Ms. Nur Hasyim from Indonesia
I´m very proud and happy. I didn't spend a lot of time doing this. I will participate in future contests and other promotions while continuing to learn and how to trade, probably because I've been using MM wisely.

The strategy I used is reading the area of supply and demand, therefore I could predict where the market will move. Could I win the contest - no, because I only use the little money I have, to learn about trading. Traders need to learn to be patient.


Are you ready to try the OctaFX Champion demo contest yourself? It just takes a few moments to join our fantastic contest. Just register here and accept the challenge!

Join the OctaFX Champion Demo contest to have a chance to win!

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[OctaFX]

Introduction of Metatrader 5 Trading platform demo mode

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The new MetaTrader 5 trading platform is designed to offer practice at brokerage services to customers in Forex, CFDs and Futures, along with equity markets. That's why we would like to announce that we are offering this version of demo trading along with our established demo accounts, for our customers.

Demo accounts allow the opportunity to work in a training mode without real money, allowing users to test a trading strategy. They offer all the same functionality as the live ones. The difference is that demo accounts can be opened without any investment and, therefore, a user does not profit from them.

It is a powerful demo platform for Forex and Exchange markets. With this platform, it offers the best demo trading platform, thus enabling you to practice execution of trades.

The MetaTrader 5 application features netting and hedging systems, 31 technical indicators, 23 analytical objects, one-click-trading and the entire set of trading orders. The program interface has been translated into 41 languages making it a truly international platform for web traders around the world!

Millions of users from around the world have chosen MetaTrader 5 demo trading as it allows you to enjoy the independence of practice without any risks.

The application is a mixture of the key advantages of the desktop platform with the handiness of the cross-platform nature of the web terminal. MetaTrader 5 can be applied to the following:

● MetaTrader 5 demo for PCs, smartphones, and tablets or launch the web platform - Rich trading functionality with fundamental and technical market analysis.

● MetaTrader 5 demo for iPhone and iPad - Over a million users of Apple devices have already downloaded MT5 demo mobile to practice trading Forex, Stock and other securities.

● MetaTrader 5 for Web Trading - Allows you to practice trading on the Forex and exchange markets from any browser and operating system.

● MetaTrader 5 for Android - Download MetaTrader 5 demo on your Android OS smartphone or tablet.

Successful practice trading on financial markets begins with a comfortable and multi-functional demo trading platform.

 

[OctaFX]

Local banks deposits are now available for our Indian clients​

We are happy to announce a deposit option that has been highly requested by our Indian customers. We’ve recently launched Indian local bank deposits and you are free to deposit and withdraw your funds easily using the following banks:

● AXIS
● HDFC

Here is a detailed instruction how to deposit to your account:

1. Open a real OctaFX account or Log in to your personal area.
2. Choose Indian banks in the “Deposit my account” section.
3. Choose “Wire the funds” and find OctaFX bank details.
4. Make a transfer to OctaFX bank account. The minimum deposit amount is 500 Indian rupees
5. Press the “Notice after transfer” button.
6. Create the “Notice” and specify the amount of the deposit, your payment method, time of payment and your bank name.
7. Press the blue “Request” button.
8. Wait until the request is processed.
9. Done, your account is credited!

We offer the best exchange rates as per central bank. We would like to remind you that we charge no commissions! The minimum deposit amount is only 500 Indian rupees.

In case you have any questions, please don’t hesitate to contact us.

Thank you for trading with OctaFX!

 

[OctaFX Rep]

Round 53 of OctaFX Champion demo contest: time to know the winners!

The results of Round 53 of the OctaFX Champion demo contest are out, so let's meet and congratulate our recent winners who shared the prize fund of $1000. They were happy to give us their insights into their trading methods and successes.

● 1st place with the award of 500 USD goes to Mr. Indra Sakti Laksana from Indonesia.
● 2nd place with the award of 300 USD goes to Mr. Ibnu Hajar from Indonesia.
● 3rd place with the award of 100 USD goes to Mr. Budiman from Indonesia
● The last place is Ms. Insana from Indonesia who has won 100 USD

To gain some more insight and tips - just read the following interviews from our successful traders!

1st place: Mr. Indra Sakti Laksana from Indonesia
I am very happy to be a winner with OctaFX. I do not spend a lot of time trading, but it takes a lot of concentration to keep up with all the participants. I will take part in every contest whenever possible to practice and focus more. Within trading I use a combination of various analyses of the current price conditions. I have not experienced anything spectacular but it depends on the individual trader.

2nd place: Mr. Ibnu Hajar from Indonesia
I am very happy to be involved in the contest although I did not spend much time trading.
In the coming months I want to improve my trading knowledge and experience. My plan is to take part in the contest more often after my recent success to improve my chances of winning. Being disciplined in money management is important to trade well. My advice to help you trade better is that you need to see the bigger trading picture. I did not use many techniques, just the Bollinger Bands (BB). It has taken me approximately two years to develop a good understanding of the best strategies.

Bollinger Bands - this is a member of the “Trend” family of technical indicators within Forex trading. Traders use the bands to anticipate increases or decreases in volatility that can signal trend changes.

Last place: Ms. Insana from Indonesia
My plan is to do better in order to achieve better results. This experience has been a lesson for my trading skills. I normally do not spend a lot of time trading as I do it in my spare time. My most successful trade has been a profit of $1159.20. I used BBMA or Bollinger Bands (BB) when I traded recently. To be a good trader and knowledgeable, takes approximately two years I think.

It just takes a few moments to join our fantastic contest. Just register here and accept the challenge to be in with a chance to win!

Join the OctaFX Champion Demo contest today!

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