OctaFX Login _ provides a trader login portal for people looking to access the API, mobile app, or participate in a copy trading session (via a web UI).
It provides many instruments like metals, cryptocurrencies, and currencies. OctaFX provides generic features and widgets for traders.
However, its best offer apart from the trade interface is the market blogs and user education. You can see this on the site.
Also, you can get reliable analysis about current markets through the online OctaFX tool, MetaTrader Autochartist, a plugin that allows you to gain insight into market trends. It comprises the bulk of market research available on the site.
Further, you can also get a real-time impression of market stats which factors into the analysis that could boost your performance. OctaFX offers OC Live Trader on YouTube.
So, on the whole, the platform records positive scores for the following fields _
- Economic Calendar,
- Daily Commentary,
- Autochartist, and
- Forex News from reliable plugs globally.
OctaFX is one of the best platforms for a newbie to learn the ropes since it provides several education packs via multiple media. It attaches up to twenty (20) articles and how-to pieces on the user-guide web page.
Why is the coaching session necessary?
If for nothing else, it allows for correction and public engagement. In that way, professionals and newbies can exchange details, data, and experiences from their trading sessions.
Traders who rely on the online service portals can access their sign-in slip via the OctaFX Login steps in this post.
Read on below for details.
Table of Contents
OctaFX Login: Regulation; Is the Company Safe?
Being a client-based service, OctaFX requires regulation from the jurisdiction in which it operates to offer services to the local traders. As it happens, the company has these certificates ready. We discuss the regulatory side here in this section.
It shows that the company has a pass from the Cyprus Securities and Exchange Commission (CySEC), which guarantees a level of security from bankruptcy to traders should the company run out of funds.
Also, OctaFX is incorporated by Octa Markets, a variety of Octa brands certified with multiple domains. Octa Markets operates out of St. Vincent and the Grenadines.
Are those Enough Evidence of SEC Compliance?
No, they are not enough, especially since the Island of St. Vincent and Grenadine doesn’t regulate local businesses offering investment instruments or soliciting funds.
Traders are to act according to their discretion, given the caveat from St. Vincent and Grenadine SEC departments.
According to the administration, state.gov, in a section titled, Limits on Foreign Control and Rights to Private Ownership and Establishment,
“There are no limits on foreign control in St. Vincent and the Grenadines, nor are there requirements for local investment or ownership in locally registered companies, although non-nationals must apply for a license from the Prime Minister’s Office to acquire more than 50 percent of a company.”
This is in line with a government policy that favors Foreign Direct Investment (FDI), attempting to spur development through tourism and trade ownership. Here is a clip from the same webpage under the header, Policies towards Foreign Direct Investment,
“The government of St. Vincent and the Grenadines, through Invest SVG, strongly encourages FDI, particularly in industries that create jobs and earn foreign currency.”
Also, continuing the disclosure, the following clip suggests that the local market is open to all kinds of investments.
“The government is open to all investment (sic), but is currently prioritizing investment in niche markets, particularly tourism, international financial services, agro0-processing, light manufacturing, creative industries, and information and communication technologies.”
For due diligence, the safety benchmark for forex regulation is typically the US National Futures Association (NFA) and Commodities Futures Trade Association (CFTA). These entities safeguard the traders’ accounts against bankruptcy.
Contrarily, St. Vincent and the Grenadines leave a window for investors to proliferate forex brokerages without adequate regulation.
How to Sign-in to Copy Trading App
You can toggle OctaFX Login portal to access your Personal Area on the app using the following steps.
- Search my.octafx.com using a reliable web browser.
- Opt for the OctaFX Login slip (it reads Log in to your Personal Area).
- Then, fill the mark-up field with the relevant info (email address and password).
- Also, tick the captcha button (reads reCAPTCHA).
- Finally, click on LOG IN.
Alternatively, you select a different sign-in routing via Facebook, Google, or Apple account.
See the OctaFX download steps for the mobile app below.
How to Download the App
You can download the OctaFX forex trading app using the following procedure.
By downloading the app, you eliminate stress and tedious procedures from the OctaFX Login portal. It also guarantees a swap-free trading account.
- Go to the official website.
- Alternatively, check the Google Play Store.
- Search OctaFX Trading App (has more than 10 million downloads and a 4.3-star rating).
- Then, install it on your PC or Android phone.
You can also use the same step to download the app from App Store.
OctaFX Login _ How it Works
It allows you to access an integrated portal for backend service features on your OctaFX account.
- Go to the official website.
- Opt for OctaFX Login from the homepage.
- Enter your email and password.
- Also, verify the ID credentials (OctaFX requires this info every time you log into your account).
- Then click on LOG IN.