Singapore Dollar Forex Trading Accounts
Octa Review
Octa lets traders start trading with a competitively low $25 minimum deposit across accounts. Octa offers a perfect mix of proprietary and third-party platforms. Taiwanese traders can expect multilingual support and multi-currency deposits and withdrawals.
- Riaan Myburgh
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Min Deposit
5 USD
Regulators
CySEC, MISA, FSCA
Trading Desk
MT4, MT5, OctaTrader
Crypto
Yes
Total Pairs
80+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hrs
Overview
Octa, previously known as OctaFX, has made a name for itself in the online trading industry since it was founded in 2011. We found in our OCtaFX Review that Octa is well-known for its reliability and forward-thinking approach, making it a preferred choice for traders around the world, including those from Taiwan.
Octa’s strong focus on regulatory compliance and transparency sets it apart from the competition.
The broker is regulated by well-known authorities such as the Cyprus Securities and Exchange Commission (CySEC), the Financial Sector Conduct Authority (FSCA) in South Africa, and the SVG FSA in Saint Vincent and the Grenadines.
In our experience, this strict adherence to financial standards ensures that traders have complete confidence in the security of their investments.
Octa’s commitment to innovation shines through in its wide array of trading platforms. Alongside the widely-used MetaTrader 4 (MT4) and MetaTrader 5 (MT5), Octa provides its own unique platform, OctaTrader.
We found in our OctaFX Review that this web-based platform offers a seamless and user-friendly trading experience, with advanced charting tools and the ability to copy trades from other traders.
Taiwanese traders are highly attracted to Octa’s focus on localization. The platform offers a range of language options, including Chinese, and supports popular payment methods in Taiwan, such as bank transfers, credit and debit cards.
This unique approach guarantees that Taiwanese traders can easily navigate the platform and effortlessly manage their accounts.
Octa has received several industry awards, which we will discuss later in our review, highlighting Octa’s dedication to delivering excellent trading conditions and exceptional customer support.
Our initial impression of Octa is that it’s an excellent option for Taiwanese traders who are looking for a trustworthy, regulated, and technologically advanced online trading platform.
Is social trading available with Octa?
Yes, Octa offers a CopyTrading feature, allowing you to copy the trades of successful traders.
Is Octa’s customer service localized?
Octa aims to provide online customer support to its global clientele. While not all languages are supported, Octa aims to cater to all traders in regions where it offers trading services and solutions.
At a Glance
| 👤OctaFX | ℹ️ Information |
| 📅Established Year | 2011 |
| 🏛Regulation and Licenses | CySEC, SVG FSA, FSCA |
| 📈Ease of Use Rating | 4/5 |
| 💸Bonuses | Yes, demo trading contest, giveaways, 50% deposit bonus, Status Program |
| ⌚Support Hours | 24/7 |
| 💻Trading Platforms | MetaTrader 4, MetaTrader 5, OctaTrader, Octa App |
| 🗂️Account Types | OctaTrader, MetaTrader 4, MetaTrader 5 |
| 💵Base Currencies | USD |
| 📈Spreads | From 0.6 pips, only the spread is charged |
| ⬆Leverage | 1:500 |
| 💷Currency Pairs | 32, Major, Minor, Exotic Pairs |
| 💳Minimum Deposit | 800 TWD ($25) |
| 💵Inactivity Fee | None |
| 🌐Website Languages | English, Malay, Hindi, Bangla, Thai, Spanish, German, Vietnamese, Portuguese, Arabic, Chinese (Simplified) |
| 💰Fees and Commissions | Only spreads are charged, starting from 0.6 pips EUR/USD |
| 👥Affiliate Program | Yes |
| ❌Banned Countries | The United States |
| 📈Scalping | Yes |
| 📌Hedging | Yes |
| 🛢Trading Instruments | Forex, Shares, Indices, Commodities, Cryptocurrencies |
| 👉 Open Account | Open Account |
Regulation and Safety of Funds
Octa’s Regulation in Taiwan
Octa is not regulated by Taiwan’s Financial Supervisory Commission (FSC). However, Octa’s global regulations are listed in the table below.
| 🔎Registered Entity | 🗾Country of Registration | 📇Registration Number | ⚖️Regulatory Entity | 🔢Tier | 🪪 License Number/Ref |
| Octa Markets Cyprus Ltd | Cyprus | – | Cysec | 2 | 372/18 |
| Orinoco Capital (Pty) Ltd | South Africa | 2021/704761/07 | FSCA | 2 | FSP 51913 |
| Octa Markets Incorporated | Saint Vincent and the Grenadines | – | FSA SVG | 3 | 19776 |
How does Octa safeguard its traders’ financial transactions?
Octa uses SSL (Secure Socket Layer) encryption to secure bank transactions and protect data from unauthorized access.
What steps does Octa take to ensure platform security?
Octa employs modern security methods, such as two-factor authentication (2FA), to improve login security on its trading platforms.
Octa Awards and Recognition
While reviewing Octa, we explored their website to find the most recent awards that they’ve won for outstanding products and services.
Here’s what we’ve found:
• FXDailyInfo.com recognized Octa as the “Broker Offering the Greatest Transparency” in 2023.
• Globalbrandsmagazine.com awarded Octa the “Nigeria’s Top-Rated Broker for Customer Service” award.
• Forexing.com named Octa the “Broker with the Best Mobile Trading Platform” and awarded them the title “Broker Providing the Most Comprehensive Educational Resources.”
• Allforexrating.com declared Octa as the “Best Overall Forex Broker” of 2023.
• World Business Stars Magazine singled out Octa as the “Broker Ensuring the Highest Level of Client Fund Security” in Indonesia.
• At the Global Forex Awards ceremony, Octa was celebrated as “Asia’s Most Dependable Broker” and also received the “Broker Delivering the Best Educational Resources” award.
• Octa’s excellence was further affirmed by Global Business Review Magazine, which named them the “Philippines’ Premier Forex Broker” in 2023.
• Global Banking & Finance Review bestowed Octa with the “South Africa’s Top Forex Broker” title.
• World Finance magazine recognized Octa as “Brazil’s Most Reliable Broker.”
• World Business Outlook awarded them the “Singapore’s Broker Offering the Most Secure Trading Platform” award.
Account Types
| 🔎Features | Octa | Axi | Tickmill |
| 🏛️Regulation | CySEC, SVG FSA | ASIC, SVG, FCA, FMA, DFSA | Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA, DFSA |
| 📊Trading Platform | MetaTrader 4 MetaTrader 5 Octa trader Octa App | MetaTrader 4 | MetaTrader 4 MetaTrader 5 Tickmill App |
| 💵Withdrawal Fee | No | Yes | No |
| 💻Demo Account | Yes | Yes | Yes |
| 💴Min Deposit | 800 TWD ($25) | 0 TWD ($0) | 3,200 TWD ($100) |
| 📌 Leverage | 1:500 | 1:500 | 1:1000 |
| ✏️Spread | 0.6 pips | 0.0 pips | Variable, from 0.0 pips |
| 💰Commissions | None | From $3.5 | $1 per side per 100,000 traded |
| 🤙Margin Call/Stop-Out | 25%/15% | From 90%/50% | 100%/30% |
| 👉Order Execution | Market | Market | Market |
| ❌💵No-Deposit Bonus | No | None | Yes |
| 🛅Cent Accounts | No | No | No |
| 🗄️Account Types | OctaTrader Account Octa MetaTrader 4 Octa MetaTrader 5 | Standard Account Pro Account Elite Account | Raw Account Classic Account |
| ⚖️FSC Regulation | No | None | No |
| 💵TWD Deposits | No | No | No |
| 🗄️TWD Account | No | No | No |
| 🧑💻Customer Service Hours | 24/7 | 24/5 | 24/5 |
| 🏪Retail Investor Accounts | 3 | 3 | 2 |
| ☪️Islamic Account | Yes | Yes | Yes |
| 📉Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| 📈Maximum Trade Size | 500 lots | 1,000 (US500) | 100 lots |
| ⌚Minimum Withdrawal Time | 1 – 3 hours | Instant | 1 Business Day |
| ⌛Maximum Estimated Withdrawal Time | 1 – 3 hours | Between 1 to 3 Days | 2 to 7 Business Days |
| ⏱️Instant Deposits and Instant Withdrawals? | Yes, Deposits | Yes | Instant Deposits |
OctaTrader Account
Octa’s proprietary OctaTrader platform is a good choice for Taiwanese traders who long for a more modern trading experience.
This platform provides diverse trading possibilities, including 32 forex pairs, gold and silver, three energy commodities, ten stock indices, and an amazing 30 cryptocurrencies.
Furthermore, we found the web-based platform user-friendly and allows easy trading from any device with an internet connection.
One of the most appealing aspects of the OctaTrader account that we discovered is its competitive trading conditions.
Taiwanese traders can benefit from tight spreads starting at 0.6 pips and no hidden fees. The account also provides significant leverage, with up to 1:500 for Forex pairings, 1:200 for precious metals, 1:100 for energy, 1:50 for indices, and 1:25 for cryptocurrencies.
Furthermore, traders of all skill levels can participate, thanks to the modest minimum deposit of 800 TWD ($25).
In addition to advantageous trading conditions, the OctaTrader account offers additional features. Traders can access straightforward charting tools, configure their workspaces, and make trades with a single click.
The account also supports a variety of order types, including market orders, limit orders, and stop-loss orders, allowing traders to manage their trades more effectively.
MetaTrader 4 Account
Octa’s MetaTrader 4 (MT4) account is a solid choice for Taiwanese traders who want a more established platform.
This account provides access to the same various trading instruments as the OctaTrader account. The MT4 platform is well-known for its intuitive design, powerful trading tools, and vast customization options.
One of the primary benefits of the MT4 account is its widespread use among traders globally. Traders can easily incorporate third-party trading tools and expert advisors (EAs) to automate tactics and improve trading success.
Furthermore, the software is available for download on desktop, mobile, and tablet devices, allowing traders to access their accounts from anywhere.
The MT4 account has the same trading conditions as the OctaTrader account, with spreads starting at 0.6 pips and no commissions.
Leverage is likewise the same, with up to 1:500 for Forex pairs, 1:200 for precious metals, 1:100 for energy, and 1:50 for indices. The minimum deposit for all account types remains at 800 TWD ($25).
MetaTrader 5 Account
For Taiwanese traders looking for a more comprehensive trading experience, we recommend Octa’s MetaTrader 5 (MT5) account.
In addition to the instruments accessible on other accounts, the MT5 account provides a wide range of 149 stocks and 21 intraday assets. This enlarged selection enables traders to diversify their portfolios and pursue fresh trading possibilities.
The MT5 account maintains Octa’s competitive trading conditions, with spreads beginning at 0.6 pips and no commissions.
Leverage is also considerable, with up to 1:500 for Forex major pairs, 1:200 for metals, 1:100 for energy commodities, 1:50 for index CFDs, and 1:25 for Crypto CFDs. Furthermore, like with the previous accounts, the minimum deposit remains at 800 TWD ($25).
One of the most notable aspects of the MT5 account is its extensive analytical tools. Traders can use the platform’s built-in economic calendar, sentiment analysis tools, and market depth data to make better trading decisions.
The account also allows a variety of order types, such as pending orders and trailing stops, providing traders with more control over their trades.
Octa Demo Account
We found Octa’s demo account an excellent resource for practicing trades and honing trading methods without taking any financial risk. We believe Taiwanese traders can fully immerse themselves in a simulated live trading environment with a $10,000 virtual balance.
This should let traders avoid the stress of potential losses, and traders can go from demo to live trading with ease because of Octa’s compatibility with all of their trading platforms, including the intuitive OctaTrader as well as the widely used MetaTrader 4 and 5.
The limitless duration of Octa’s demo account is one of its most tempting features. Unlike other brokers, Octa doesn’t put a time limit on how long traders can experiment and improve their strategies.
Because of this adaptability, Taiwanese traders can gain experience and confidence at their own speed, which is very helpful for those who are just starting out or want to test new tactics.
Islamic Account
It can be difficult for Muslim traders in Taiwan to locate a broker that accommodates their religious beliefs. However, with Octa, traders can find a way to participate in the financial markets while still adhering to Sharia standards using Octa’s Islamic account.
This account stands out because it does not charge overnight interest (swaps), which is forbidden in Islam and is known as Riba (interest).
In addition, just like with Octa’s regular accounts, Taiwanese Muslim traders can trade a vast array of products with an Islamic account while accessing competitive trading conditions like spreads from 0.6 pips EUR/USD and zero commission fees.
This includes thirty different indices, energy instruments, and different currency pairings. Because of this variety, traders can diversify their holdings and investigate different investment options without compromising their religious beliefs.
What leverage does Octa provide for Forex trading accounts?
Octa provides leverage of up to 1:500 for Forex trading, depending on the account type.
Are there various base currencies accessible for Octa accounts?
No. Octa accounts are predominantly denominated in USD.
How To Open a OctaFX Account
When we signed up with Octa, we found an extremely streamlined process that allowed us to register and start trading quickly. Here’s how to register an account with Octa:
Step 1 – Select Trading Coniditions > Account Types
On the Octa website, hover over the “Trading” option in the main toolbar, then click “Trading Conditions” and “Account Types .”This will bring up the relevant account comparison page, where you can examine the retail accounts’ specifics.
Step 2 – Click “Sign up”
When you’re ready to start, click the blue “Sign up” banner beneath the account comparison. This will direct you to the account registration page.
Step 3 – Complete Form
- Enter your name, email address, and a secure yet easy-to-remember password. You’ll also need to describe your trading experience so that Octa can supply more relevant information. After choosing ‘Open account,’ go to your mailbox and confirm your email.
- Provide further information about yourself, such as your country, phone number, and birthday. Press ‘Continue’ to select between the ‘Standard’ mode, which allows you to create an account with a single click, or the ‘Custom’ mode, which allows you to choose between OctaFX Demo and Real accounts, a trading platform, and leverage.
- If you’re just starting off, a demo account is preferable to a real one. It allows you to practice trading without jeopardizing your money. There is no need to make any investments; simply indicate the amount of simulated funds you want to contribute to your account when it is created.
- When you register, you will receive an email containing your profile and trading account information. From there, you can log in to your profile to manage your funds, receive bonuses, and participate in promotions, or you can begin trading instantly on the web terminal.
- Log in to your profile to deposit with no commission. You can begin trading with a minimum of $25. The minimal deposit in Octa varies depending on your region and payment options.
How long does it take to open an Octa trading account?
Octa’s account opening process is quick, often taking less than a working day if all documents are in place.
Can I open multiple Octa trading accounts?
Yes, Octa permits users to open several trading accounts.
Min Deposit
5 USD
Regulators
CySEC, MISA, FSCA
Trading Desk
MT4, MT5, OctaTrader
Crypto
Yes
Total Pairs
80+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hrs
Broker Comparison
| 🔎Features | Octa | FXView | easyMarkets |
| 🏛️Regulation | CySEC, SVG FSA | CySEC, FSCA, FSA, SEBI | BVI FSC, CySEC, ASIC, FSA |
| 📊Trading Platform | MetaTrader 4, MetaTrader 5, OctaTrader, Octa App | MetaTrader 4 MetaTrader 5 ActTrader ZuluTrade | FBS Trader MetaTrader 4 MetaTrader 5 |
| 💵Withdrawal Fee | No | None | Yes |
| 💻Demo Account | Yes | Yes | Yes |
| 💴Min Deposit | 800 TWD ($25) | 1,600 TWD ($50) | • |
| 📌 Leverage | 1:500 | 1:500 | Up to 1:3000 |
| ✏️Spread | 0.6 pips | From 0.0 pips | From 0.7 pips |
| 💰Commissions | None | $1/$100,000 traded | • |
| 🤙Margin Call/Stop-Out | 25%/15% | 70% (M) 50% (S/O) | 30%/ 10% |
| 👉Order Execution | Market | ECN | Market |
| ❌💵No-Deposit Bonus | No | None | No |
| 🛅Cent Accounts | No | No | None |
| 🗄️Account Types | OctaTrader Account Octa MetaTrader 4, Octa MetaTrader 5 | RAW ECN Islamic | Yes |
| ⚖️FSC Regulation | No | No | 800 TWD ($25) |
| 💵TWD Deposits | No | No | 1:2000 |
| 🗄️TWD Account | No | No | 0.5 pips |
| 🧑💻Customer Service Hours | 24/7 | 24/5 | None, only the spread |
| 🏪Retail Investor Accounts | 3 | 2 | 70% (M) |
| ☪️Islamic Account | Yes | Yes | Yess |
| 📉Minimum Trade Size | 0.01 lots | 0.01 lots | Market |
| 📈Maximum Trade Size | 500 lots | 100 lots | No |
| ⌚Minimum Withdrawal Time | 1 – 3 hours | Instant | No |
| ⌛Maximum Estimated Withdrawal Time | 1 – 3 hours | 7 Days | Up to 7 days |
| ⏱️Instant Deposits and Instant Withdrawals? | Yes, Deposits | Yes | Deposits |
Octa Trading Platforms
While testing and reviewing Octa’s trading technology, we found multi-device platforms offering robust features while remaining user-friendly for both beginner and professional traders. Keep reading to discover what we found in our evaluation.
MetaTrader 4
During our assessment of Octa’s trading platforms, we were delighted to find that they provide the popular MetaTrader 4 (MT4) platform.
This platform is highly regarded for its user-friendly interface and is widely used by traders around the globe. With its user-friendly interface and wide range of features, this platform is perfect for traders at any level of expertise.
The seamless integration of MT4 on Octa with the broker’s trading accounts is truly impressive. Traders can access a diverse selection of trading instruments across all account types.
We were impressed by the platform’s wide range of customization options. Traders have the flexibility to customize their workspace by adding or removing indicators, expert advisors, and other tools according to their preferences.
We find this adaptability essential for maximizing the trading experience and enhancing efficiency.
Octa’s MT4 accounts provide excellent trading conditions, which are especially advantageous for traders from Taiwan.
Furthermore, you can take advantage of our tight spreads starting from just 0.6 pips without any commissions or hidden fees. Additionally, Octa offers generous leverage options to help you maximize your trading potential and work towards your financial goals.
MetaTrader 5
If you’re looking for a more advanced platform, Octa provides MetaTrader 5 (MT5) accounts. MT5 offers an expanded range of trading instruments, including 149 stocks and 21 intra-day assets, in addition to the instruments already available on MT4.
We were amazed by the advanced analytical tools offered by MT5, which encompass a wide range of indicators, expert advisors, and trading signals. Access to an economic calendar and sentiment analysis tools is incredibly useful for keeping up with market trends.
MT5 offers a wide range of order types, including pending orders and trailing stops, which can greatly enhance trade management. In addition, one-click trading improves order execution, minimizing slippage and allowing for swift responses to market opportunities.
Like MT4, Octa’s MT5 accounts provide Taiwanese traders with competitive trading conditions that showcase the broker’s dedication to transparency and integrity.
OctaTrader
OctaTrader is a top choice for traders in Taiwan seeking a robust and flexible trading platform.
Tailored to meet the needs of the local market, it is specifically designed to facilitate trading multiple currencies while considering the users’ language and financial preferences.
With a minimum deposit requirement of approximately $100 (800 TWD), the OctaTrader account guarantees accessibility for traders of all levels, from beginners to seasoned professionals.
The platform is widely recognized for its intuitive interface, which can be easily tailored to individual preferences and is particularly suited for those new to the field.
It provides support for various languages, including Chinese, making it easy for Taiwanese traders to navigate and use efficiently. OctaTrader offers a range of leverage options with the potential to increase trading positions based on individual risk tolerance and strategy.
OctaTrader offers a unique “Space” feature that serves as a comprehensive analytical hub, bringing together educational resources, social networking, and market analysis tools.
This feature is tailored to support traders at all levels of their trading journey, from understanding fundamental concepts to performing intricate market analyses.
In addition, the platform provides advanced trading features like direct chart trading, a variety of technical indicators, and charting tools, all of which are essential for making informed trading decisions.
Octa App
We also took a look at Octa’s mobile trading app, which is compatible with both iOS and Android devices. This app is perfect for traders who want to easily handle their accounts and make trades while on the go.
We were impressed by the app’s user-friendly interface, which features a clean design and intuitive navigation. Traders can easily monitor open positions, view real-time charts, and place orders with just a few taps.
The app ensures seamless integration with Octa’s trading accounts, allowing traders to maintain their strategies while on the move easily.
In addition, it reflects the competitive trading conditions of Octa’s other platforms, supporting traders in reaching their financial objectives, even when they are not at their computers.
Is the OctaTrader platform appropriate for novice traders?
Yes, OctaTrader is developed with simplicity in mind, making it suitable for novices.
Can I use automated trading methods on the Octa platforms?
Yes, all of Octa’s platforms support automated trading using Expert Advisors.
Range of Markets
Octa’s range of markets allows Taiwanese traders to gain exposure to several international markets. While Octa does not offer local CFDs, Taiwanese traders can diversify their portfolios across the following dynamic financial markets.
Forex
With Octa, forex traders have access to 32 different currency pairings and can potentially use leverage up to 1:500 to improve their profits. While this leverage can increase your chances of making a profit, it can also increase your risk.
Octa uses a tiered margin system to help Taiwanese traders successfully manage risk to protect larger investments from excessive leverage.
Octa caters to Muslim traders in Taiwan by removing overnight interest costs and ensuring compliance with Sharia law through its swap-free and Sharia-compliant trading accounts.
Indices
With Octa, you can access 10 main stock indices and leverage up to 1:50. If you want to diversify your portfolio without buying specific equities, these instruments are a good investment option.
Trades on Octa’s index can go up or down, giving traders more leeway in their strategy development and providing them with the data they need to make smart decisions in real-time.
Cryptocurrencies
If you’re interested in cryptocurrencies, Octa offers 30 with a maximum leverage of 1:25. The ever-changing cryptocurrency market, which includes well-known coins like Bitcoin and Ethereum, is now accessible to traders thanks to this offering.
Increased trading opportunities and access to reliable, real-time data for informed decision-making are both made possible by Octa’s support for trading across several exchanges.
Share CFDs
More than 149 share CFDs and 150 shares are available on Octa for individuals interested in shares and share CFDs. Octa offers inexpensive spreads and costs to compensate for its maximum leverage of 1:20, letting traders diversify their portfolios across different sectors and countries.
In addition, Octa allows Taiwanese traders to access a diverse range of blue-chip businesses and develop growth equities through trading on key global exchanges like the NASDAQ and the New York Stock Exchange (NYSE).
Commodities
In the energy sector, Octa provides exposure to three commodities—natural gas, crude oil, and a maximum leverage of 1:100. Octa facilitates real-time data-based spot and futures market trading, allowing traders to profit from geopolitical events and market trends.
Octa Leverage and Margin
Our review centered on examining Octa’s leverage and margin options, which are crucial factors in guiding trading decisions and effectively managing risks.
Upon careful review of Octa’s website and client agreement, we found that the broker provides a range of leverage options designed to suit different types of assets.
Octa stands out in forex trading with its impressive maximum leverage of 1:500, which is among the highest in the industry.
By utilizing capital efficiently, traders have the potential to amplify profits by controlling larger positions. However, we always urge traders to understand that although leverage can enhance profits, it will also magnify losses in case of unfavorable market movements.
Our research showed that Octa employs a tiered margin system to mitigate the risks associated with excessive leverage.
The margin requirement is adjusted according to the trader’s account balance size. Therefore, traders with larger investment amounts are given lower leverage to prevent their positions from being excessively leveraged, reducing the likelihood of margin calls.
In addition to forex, we found that Octa offers leverage for various asset classes, including precious metals (up to 1:200), energies (up to 1:100), indices (up to 1:50), and cryptocurrencies (up to 1:25).
Octa’s leverage ratios are carefully designed to align with the specific characteristics of each asset class, allowing traders to adjust their trading strategies as needed.
Octa’s leverage and margin offering includes support for swap-free and Sharia-compliant trading accounts, which is a notable feature.
This feature is tailored to cater to the needs of Muslim traders in Taiwan who want to participate in leveraged trading while staying true to their religious principles. Moreover, Octa allows traders to engage in leveraged trading without violating Sharia law by removing overnight interest charges.
Octa’s leverage and margin options provide Taiwanese traders with a wide range of choices to suit their trading preferences and risk tolerance levels.
Furthermore, traders must exercise caution and implement robust risk management strategies to mitigate potential losses despite the allure of high leverage ratios.
What commodities are accessible to trade on Octa?
Traders can invest in precious metals and energy commodities, increasing portfolio diversification.
What is the maximum leverage for commodity trading on Octa?
Commodities can be traded using leverage of up to 1:200, offering significant market exposure.
Spreads and Fees
When we explored Octa’s trading and non-trading fees, we were pleased to find a transparent fee schedule. In addition, because Octa doesn’t charge commissions, we believe the broker is an affordable option for Taiwanese traders.
Join us below as we give traders a transparent breakdown of the fees they can expect when they sign up and start trading with this flexible, transparent broker.
Octa Spreads
Taiwanese traders often consider the spreads offered by brokers when choosing a broker. Octa stands out by offering competitive spreads across all account types, starting from just 0.6 pips for the EUR/USD pair.
These spreads are floating and can change based on market conditions, but Octa maintains transparency by clearly showing current spreads on its website.
This transparency lets traders make informed decisions about entering or exiting trades, accurately calculating potential profits and losses.
Octa also offers tight spreads on major currency pairs like GBP/USD and USD/JPY, commodities, indices, and cryptocurrencies, providing diverse trading opportunities at low entry costs.
Octa Commissions
Octa’s fee structure is unique in its absence of trade commissions, allowing traders to retain more profits.
This is applicable across all account types, including OctaTrader, MetaTrader 4, and MetaTrader 5, ensuring traders can choose the platform that suits their needs without additional expenses.
Furthermore, the lack of commissions simplifies profit and loss calculations, fostering trust between Octa and its clients by ensuring they are not subjected to hidden fees.
Octa Overnight Fees
Octa charges overnight fees for overnight forex positions, calculated based on interest rate differences between currencies. Traders can easily access Octa’s website to calculate these fees and opt for swap-free accounts for Islamic trading or avoid fees.
We found that Octa’s transparency in displaying overnight fees helps Taiwanese traders manage risk, make informed decisions, and strategically plan their trades, mitigating market volatility impact. Swap-free accounts are available for traders who follow Islamic trading principles.
Octa Deposit and Withdrawal Fees
Octa is a platform that offers a fee-free platform for traders, eliminating the need for deposit and withdrawal fees. This particularly benefits Taiwanese traders who may face currency conversion fees when transferring funds from local bank accounts.
Octa provides various payment options and efficient withdrawal processing, with most requests completed within one business day.
Furthermore, Octa’s fee-free structure differentiates it from competitors who charge fees for certain payment methods or require minimum withdrawal amounts. We found that Octa simplifies account management with its fee-free structure and maximizes profits for traders.
Octa Inactivity Fees
Octa does not charge any inactivity fees on dormant accounts, which sets it apart from others. This implies that traders not actively making trades can maintain their accounts without incurring additional fees.
In the trading industry, brokers often impose inactivity fees on accounts that have been inactive for a specific period, typically ranging from a few months to a year. These fees can significantly impact a trader’s profits, especially if they are not actively engaged in trading for a long time.
Octa’s decision to waive inactivity fees is a welcome development for traders. This demonstrates the broker’s commitment to promoting a just and open trading atmosphere.
Furthermore, Octa’s decision to eliminate this fee allows Taiwanese traders to take breaks from trading without worrying about penalties on their accounts.
Octa Currency Conversion Fees
Taiwanese traders using Octa might have to convert their local currency (New Taiwan Dollar) to US Dollars or Euros, as these are the only base currencies available with the broker.
Octa uses the interbank exchange rate with a small markup for currency conversion fees to determine currency conversion fees. This approach is commonly used across the industry, as brokers incur costs related to converting and managing different currencies.
Furthermore, Taiwanese traders can effectively factor in currency conversion fees into their trading strategies by taking advantage of Octa’s transparent information on available base currencies.
Does Octa charge commissions on trades?
No. Octa does not charge commissions on transactions, which increases traders’ profits.
Are there any hidden expenses that traders should know when using Octa?
No. Octa prides itself on transparency, with no hidden fees that affect traders’ costs.
Deposit & Withdrawal Options
While Octa’s payment methods for deposits and withdrawals seem limited, especially compared to other brokers, we found that the available deposit and withdrawal options are secure and ensure fast processing times.
| 💰Payment Method | 🗾 Country | 💱Currencies Accepted | ⏰Processing Time |
| Neteller | All | EUR | Instant – 3 hours |
| Skrill | All | USD | Instant – 3 hours |
| Cryptocurrencies | All | LTC, DOGE, USDTE, USDTT, ETH, BTC | Instant – 3 hours |
| Debit/Credit Cards | All | EUR | Instant – 3 hours |
Octa Deposits
How to Deposit using Bank Wire Step by Step
- Log into your Octa client portal and go to the “Deposit” section.
- Choose “bank wire” as your desired payment method.
- Enter your desired deposit amount in your account’s base currency (EUR or USD).
- Provide the relevant bank information, such as the beneficiary name, account number, and SWIFT code.
- Check the deposit information that you entered for accuracy and confirm the transaction.
- Make a wire transfer from your bank, ensuring the amount matches the information. When Octa receives the deposited funds, they will be credited to your trading account within 1-3 business days.
How to Deposit using Credit or Debit Card Step by Step
- Log into your Octa client portal and go to the “Deposit” section.
- Choose “Credit/Debit Card” as your desired payment method.
- Enter your desired deposit amount in your account’s base currency (EUR or USD).
- Provide your card’s number, expiration date, and CVV code.
- Review the deposit information and confirm the transaction.
- Complete the payment process using Octa’s secure payment gateway. Once the payment has been processed, the funds will be credited to your trading account.
How to Deposit using Cryptocurrency Step by Step
- Log into your Octa client portal and go to the “Deposit” section.
- Choose “Cryptocurrency” as the preferred payment method.
- Select the coin you want to use for the deposit.
- Enter your desired deposit amount.
- Octa will provide you with their unique crypto address for the deposit.
- Transfer the specified amount of cryptocurrency from your personal wallet to the address provided by Octa.
- When Octa receives the cryptocurrency, it will convert it to your account’s base currency and credit it to your trading account, usually within a few minutes.
How to Deposit using e-Wallets or Payment Gateways Step by Step
- Log into your Octa client portal and go to the “Deposit” section.
- Choose your preferred e-wallet or payment gateway.
- Enter your desired deposit amount in your account’s base currency (EUR or USD).
- Provide the login or payment information for your preferred e-wallet or payment gateway.
- Review the details you entered and confirm the transaction.
- Complete the payment process using Octa’s secure payment gateway. Once the payment has been processed, the cash will be immediately applied to your trading account.
Octa Withdrawals
How to Withdraw using Bank Wire Step by Step
- Log into your Octa client portal and click the “Withdraw” option.
- Choose “Bank Wire” as your desired withdrawal method.
- Enter your desired withdrawal amount in your account’s base currency (EUR or USD).
- Provide the relevant bank information, such as the beneficiary name, account number, and SWIFT code.
- Check the withdrawal information and validate the transaction. Octa will process the wire transfer and reimburse your bank account within 1-3 business days.
How to Withdraw using Credit or Debit Cards Step by Step
- Log into your Octa client portal and click the “Withdraw” option.
- Choose “Credit/Debit Card” as your desired withdrawal method.
- Enter your desired withdrawal amount in your account’s base currency (EUR or USD).
- Provide your card number, expiration date, and CVV code.
- Check the withdrawal information and validate the transaction. Octa will process your withdrawal, and the funds will be credited to your card within 1-3 business days.
How to Withdraw using Cryptocurrency Step by Step
- Log into your Octa client portal and click the “Withdraw” option.
- Choose “Cryptocurrency” as your chosen withdrawal method.
- Select the cryptocurrency you want to receive the withdrawal in (e.g., BTC, ETH, LTC).
- Enter your desired withdrawal amount in your account’s base currency (EUR or USD).
- Provide your personal cryptocurrency wallet address.
- Check the withdrawal information and confirm the transaction. Octa will complete the withdrawal, and the funds will be deposited into your crypto wallet within a few minutes.
How to Withdraw using e-Wallets or Payment Gateways Step by Step
- Log into your Octa client portal and click the “Withdraw” option.
- Choose your preferred e-wallet or payment gateway.
- Provide your desired withdrawal amount.
- Review the withdrawal information and submit your withdrawal request. Octa will complete the withdrawal, and the funds will be sent to your e-wallet or payment gateway account within 1-3 business days.
Does Octa charge a fee for withdrawals?
Octa does not charge additional withdrawal fees. However, Taiwanese traders face fees from their banks and third-party payment processors.
How long does it take to process Octa withdrawals?
Depending on the method, withdrawal processing durations vary from instant to several hours.
Octa Educational Resources
Taiwanese traders can expect the following educational materials, resources, and trading tools when they use Octa to access international financial markets.
Forex News
Traders can be easily informed with Octa’s latest Forex news, ensuring Taiwanese traders are up-to-date on global financial market developments.
These news articles encompass various subjects, such as economic indicators, geopolitical events, industry trends, and regulatory changes. By keeping up with these updates, Taiwanese traders can make better decisions and adapt their trading strategies accordingly.
FAQ
Octa’s FAQ section is helpful for Taiwanese traders seeking answers to common questions about Forex trading and the broker’s services.
It covers various subjects, including account types, trading platforms, deposit and withdrawal methods, and customer support. Octa assists Taiwanese traders in confidently and effortlessly navigating the platform by addressing common inquiries.
Market Information
Octa provides a specialized Market Information section that offers Taiwanese traders in-depth analysis and valuable insights into global financial markets.
This section offers daily forecasts, weekly reviews, and market commentary from Octa’s team of experts. Accessing this information enables Taiwanese traders to enhance their comprehension of market trends and spot potential trading opportunities.
Forex Basics articles
Octa’s Forex Basics articles are a valuable resource for Taiwanese traders who want to enhance their understanding of Forex trading.
These articles provide valuable advice for traders of all levels, from beginners to intermediates. They cover topics such as ECN trading, risk management, technical analysis, and trading strategies.
Economic Calendar
Octa’s Economic Calendar is a must-have for Taiwanese traders who want to stay up-to-date on upcoming economic events and how they might affect financial markets.
It shows the dates and times of important economic releases, such as GDP figures, employment data, and central bank decisions.
Moreover, keeping an eye on the Economic Calendar enables Taiwanese traders to predict market volatility and make necessary adjustments to their trading strategies.
Webinars
Octa frequently organizes webinars that cover a wide range of topics related to Forex trading. These live sessions showcase presentations and Q&A sessions with Octa’s team of experts, offering traders valuable insights and strategies.
These webinars are open to all Octa clients and allow Taiwanese traders to gain insights from seasoned professionals and connect with fellow traders.
Platform article tutorials
Octa offers a range of article tutorials to assist Taiwanese traders in navigating the various trading platforms on the platform.
These tutorials provide valuable insights into platform features, order types, and trading strategies, empowering traders to enhance their trading experience and leverage the tools and resources at their disposal.
Glossary
Octa’s Glossary is a valuable resource for Taiwanese traders who want to familiarize themselves with common Forex trading terms and concepts.
Furthermore, it provides concise definitions and explanations of important terms, improving traders’ market comprehension and enabling smooth communication with fellow traders and professionals.
Forex Basics video course
Octa’s Forex Basics video course is a complete guide for Taiwanese traders who want to grasp the essentials of Forex trading.
We found this resource contains comprehensive tutorials on understanding the Forex market, key terminology, and crafting a trading strategy. These high-quality videos are perfect for novice traders venturing into Forex trading.
Holiday Calendar
Octa’s Holiday Calendar assists Taiwanese traders in strategically organizing their trading activities to align with upcoming holidays and market closures. With this calendar, traders can easily access the dates and times of major holidays in different countries.
Furthermore, it allows them to stay informed and make informed decisions to minimize disruptions and effectively manage risk in their trading strategies.
Interest Rates
Octa offers Taiwanese traders timely updates on interest rates for different currencies. This information is crucial for traders involved in carry trading strategies, whose goal is to profit from interest rate disparities between two currencies.
By staying up-to-date on interest rate changes, Taiwanese traders can make better-informed decisions about their trading positions.
Platform video tutorials
Octa provides a range of video tutorials alongside their article tutorials, aimed at assisting Taiwanese traders in familiarizing themselves with the trading platforms offered on the platform.
We found that these videos provide traders with a comprehensive understanding of platform features, allowing them to navigate, place orders, and analyze charts easily and confidently.
What kind of webinars does Octa offer?
Octa provides interactive webinars on various topics, from basic trading concepts to sophisticated strategy debates.
How can Taiwanese traders profit from Octa’s holiday and economic calendars?
Octa’s holiday and economic calendars provide critical insights into global economic events that might impact the Forex market. It is especially valuable for Taiwanese traders who want to organize their trading operations around major announcements.
Min Deposit
5 USD
Regulators
CySEC, MISA, FSCA
Trading Desk
MT4, MT5, OctaTrader
Crypto
Yes
Total Pairs
80+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hrs
Octa Bonuses and Promotions
In addition to competitive trading conditions in a range of markets, we were happy to see that Octa offers Taiwanese traders several bonuses and promotions. These bonuses ensure that traders can access additional capital and various other benefits.
50% Deposit Bonus
Octa’s 50% Deposit Bonus is one of its most alluring offers for Taiwanese traders. The way it operates is that, up to a maximum of $5,000, traders from Taiwan who make a qualified deposit into their trading account are eligible for a bonus equal to 50% of their deposit.
For instance, a trader will receive an extra $500 in bonus cash if they deposit $1,000. This rise enables them to raise their trading capital and maybe make larger profits.
Traders must reach particular trading volume criteria to be eligible for the 50% Deposit Bonus. Essentially, they must trade 0.1 lots at the very least for every $1 bonus money within 30 days of getting the bonus.
Furthermore, once they satisfy this condition, Taiwanese traders have the freedom to use their earnings in any way they like and can withdraw the bonus money.
Octa’s 50% Deposit Bonus is excellent mostly because it’s so easy to use. The bonus is instantly applied to the trader’s account upon a qualified deposit; there are no complicated terms or conditions to read through.
We believe Taiwanese traders can quickly and hassle-free take advantage of the promotion and increase their trading capital thanks to this simple strategy.
Octa Trade and Win Giveaway
Together with the 50% Deposit Bonus, Octa has the Trade and Win Giveaway campaign. This campaign allows active traders to win cash awards, laptops, and smartphones, among other valued items.
Taiwanese traders must trade 0.1 lots at least each $1 of their account balance in a given amount of time to be eligible. Their odds of winning rise with the amount of entries they get into the prize draw the more they trade.
The Trade and Win Giveaway is special because it’s open to demo and real money account users. This diversity guarantees traders of all account kinds and experience levels the chance to take part and maybe win fantastic prizes.
Octa Status Program
Octa’s Status Program is a loyalty program created to thank Taiwanese traders for their ongoing support and business. Each of the four tiers—Bronze, Silver, Gold, and Platinum—offers special advantages and perks.
By satisfying particular trading volume requirements, traders can advance through the tiers and receive advantages, including reduced spreads, increased leverage, and individualized assistance from Octa’s team of specialists.
Being available to both new and experienced traders is what distinguishes Octa’s Status Program. Taiwanese traders can, therefore, begin to receive incentives as soon as they establish an account and keep getting them as they go up the levels.
In addition, trading conditions can be optimized, and traders’ dedication to Octa and the Forex market is shown by participating in the Status Program.
Octa Champion (Demo) Contest
Finally, Octa provides the Champion (Demo) Contest, a competition to honor Taiwanese traders’ demo trading success. Whatever their level of experience or account balance, any trader with a demo account is eligible to compete.
All that is required of traders is trading on their demo account throughout the designated contest period; the trader with the greatest return on their demo account balance will receive a cash award of up to $500.
The Champion (Demo) Contest is special because it gives traders a risk-free setting to evaluate their trading techniques and abilities. Trades can get confidence and useful experience by taking part without risking actual money.
Furthermore, Taiwanese traders can easily interact with the Octa community, get tips from others, and maybe win a cash award for their demo trading success.
Does Octa have a sign-up bonus?
No, Octa does not have a sign-up bonus for newly registered traders. However, Octa offers several other bonuses that Taiwanese traders could benefit from.
Are Octa’s bonuses withdrawable?
No. Octa’s bonuses offer Taiwanese traders trading credit that can be used to participate in live trading, and the profits can be withdrawn once the requirements have been met.
Octa Affiliate Programs
In addition to its bonuses, we also found that Octa has a lucrative affiliate program that offers traders up to 80% of the spread with a maximum of $12 per lot that referred clients trade. Keep reading to learn more about this program and how to join in just a few steps.
Features
As seasoned reviewers, we were quite impressed with Octa’s affiliate program. It offers traders an irresistible chance to recommend the broker’s services and receive large commissions. With a range of tools to help affiliates in their promotional activities, the software is user-friendly in design.
Octa’s affiliate program is noteworthy for having a very high commission structure. On each trade made by clients they recommend, affiliates can receive up to 80% of the spread or up to $12 per lot sold.
Furthermore, regular daily payment of these commissions guarantees that active Taiwanese affiliates have a consistent source of revenue.
Another feature of the Octa affiliate program that stood out to us is its support for a variety of payment options.
Among the available options to affiliates are well-known ones like wire transfers, Neteller, Bitcoin, and Skrill. This adaptability allows affiliates to get their commissions in any way they see fit.
Octa’s affiliate program appeals even more to Taiwanese traders because of its outstanding reputation as a respectable and multi-award-winning broker.
Octa has been recognized for its outstanding services and support by over 60 industry awards. Using this prestigious reputation, affiliates can draw in and keep customers, increasing their commission income.
Octa provides affiliates with a full range of marketing tools and resources to help them succeed. Affiliates can use them to highlight the broker’s services; they include customized banners, landing sites, and promotional materials.
Furthermore, we found a committed group of professionals accessible to provide affiliates with individualized support, ready to help them maximise their marketing plans and overcome any challenges they run across.
Overall, we found that Octa’s affiliate program offers traders looking to augment their revenue by promoting a respectable and multi-award-winning broker a strong reputation.
This unique program gives affiliates of all skill levels a clear route to success with its appealing compensation structure, variety of payment options, and strong support tools.
How to Register an Affiliate Account with Octa Step-by-Step
- Visit the Octa website and look for the “Partnership” area in the main menu on the homepage.
- From the list of affiliate options, select “Referral programs” to learn about the many affiliate programs available.
- Select the “IB Partner Program” and carefully read the material provided, including the terms and conditions, to ensure the program is compatible with your promotional objectives and capabilities.
- Once you’ve examined the program details, click the “Become IB” button on the main affiliate page to start the registration process.
- Enter your personal and contact information on the registration page, such as your name, email address, phone number, and country of residence.
- Choose a safe and memorable password for your affiliate account that matches the length and complexity requirements.
- Choose your favorite payment method from the alternatives provided.
- Review the attached W-8BEN or W-9 tax form and complete it accurately with your personal and tax information.
- Please read and agree to the Octa Affiliate Agreement, which describes the partnership’s terms and conditions, including commission structures, payment dates, and promotional standards.
- Provide any further information or documents asked by Octa to verify your identity and eligibility for the affiliate program.
- Once your registration is complete, you will receive an email containing your affiliate account information, including your unique referral link and advertising materials.
- Log into your affiliate dashboard to receive specialized reporting tools, commission statements, and marketing materials like banners and landing pages.
- Start promoting Octa’s services to your target audience with your unique referral link and promotional materials, following the program’s guidelines and best practices for successful affiliate marketing.
Is there a minimum deposit for an Affiliate Account?
No. Octa does not usually require a minimum deposit specifically for the Affiliate Account.
How flexible is the Octa compensation model?
Octa offers exceptionally beneficial and flexible compensation models for affiliates.
Octa Customer Support
| 🖳Customer Support | Octa Customer Support |
| 🕰️Operating Hours | 24/7 |
| 🎗️Support Languages | English, Malay, Portuguese, Malay, Thai, Chinese, and Vietnamese |
| 💬Live Chat | Yes |
| 📧Email Address | Yes |
| ☎️Telephonic Support | Yes |
| 📱The overall quality of XM Support | 4/5 |
| 👉 Open Account | Open Account |
Octa Response Time
| 🖳Support Channel | Average Response Time | User-based Response Time |
| ☎️Phone | 2 minutes | 5 minutes |
| 1 working day | Same-day | |
| 💬Live Chat | 5 minutes | 2 minutes |
| 📱Social Media | 5 minutes | 10 minutes |
| 🧑🤝🧑Affiliate | 1 working day | Same-day |
| 👉 Open Account | Open Account |
Does Octa offer localized support in Taiwan?
No. Octa does not offer localized support in Taiwan. However, Octa offers 24/7 online support that can be accessed from Taiwan.
Does Octa have an office in Taiwan?
No. Octa does not have a local office in Taiwan. Therefore, support is available through several online channels including live chat from Octa’s website.
Octa Social Responsibility
Our thorough evaluation of Octa’s corporate practices revealed a significant focus on corporate social responsibility (CSR). Octa’s website prominently showcases its dedication to positively impacting society through its “Charity” page.
However, it is important to mention that the Octa website does not provide specific information about Octa’s most recent charitable events and programs.
Although the information provided is limited, we believe this is due to ongoing updates or recent changes in Octa’s CSR strategies.
However, our research has revealed that the broker has been actively involved in numerous significant CSR initiatives in the past.
These encompass emergency response programs and educational projects, showcasing Octa’s enduring commitment to supporting impactful causes and creating tangible change in people’s lives.
Octa User Comments and Reviews
Octa has been around for a few years, and we found that clients have a lot to say about their broker. We’ve researched a few reputable review sites to find some of the latest user comments and reviews on Octa:
✅ Due to OctaFX, my perspective on brokers has shifted. They have very little spreads, and I can count on lightning-fast withdrawals every time. On top of that, the platform is not too complicated. To be honest, I was anxious at first, but everything seems to be going swimmingly now!
✅ Due to my prior broker’s questionable behavior, I decided to move to OctaFX. My execution times have greatly improved, and their customer service is responsive and helpful now. My only little complaint is that there is room for improvement in the instructional materials.
✅ I have to say, OctaFX looks to be fairly genuine. So far, they’ve been trouble-free. I like that they offer decent copy trading and their leverage options. If you’re new to trading, learning the ropes is a great method.
✅ After using OctaFX for a time, I can confidently state that they are dependable traders. The platform doesn’t frequently crash, and there are no strange delays when I request a withdrawal. In my opinion, that is a victory.
10 Best Forex Brokers in Taiwan
Rank
Broker
Review
Regulators
Min Deposit
Official Site
Conclusion
When looking for a reliable, regulatory-compliant forex and CFD broker, we believe Octa is a great choice for Taiwanese traders.
Octa showcases its commitment to transparency and client protection by holding licenses from esteemed authorities such as CySEC, FSCA, and MISA.
Octa stands out due to its extensive trading options, encompassing many markets and assets. These include 149 equities, 32 Forex pairs, 30 cryptocurrencies, and a number of indices and commodities.
Therefore, traders from Taiwan can diversify their investments and take advantage of various trading possibilities thanks to this wide range.
Octa also provides attractive trading conditions, such as zero commissions and swap costs, tight spreads beginning at 0.6 pips, and other perks that can entice profit-maximizing traders.
We found that trading with Octa is straightforward thanks to the broker’s user-friendly trading platforms, which include MetaTrader 4, MetaTrader 5, and OctaTrader.
These systems are designed to accommodate traders of all levels with advanced features such as social trading, expert advisors, and one-click trading.
Furthermore, webinars, video training, and an extensive glossary are just a few of Octa’s educational services to its Taiwanese traders.
However, we found a few drawbacks while reviewing Octa. Firstly, the broker is not regulated in Taiwan, doesn’t offer TWD-denominated accounts, and has no local payment methods for Taiwanese traders.
However, despite these drawbacks, we believe that Octa can offer Taiwanese traders flexible solutions in dynamic markets.
Therefore, traders from Taiwan looking for a licensed, feature-rich, and user-friendly CFD and forex
Our Insight
While Octa’s offer is compelling, there are some areas where improvements can be made to accommodate Taiwanese traders better, including the following.
Our Recommendations
- Provide more thorough information about the broker’s current corporate social responsibility efforts on the website to demonstrate its dedication to ethical standards.
- Improve regulation by acquiring a license from Taiwan’s Financial Supervisory Commission (FSC), which would give Taiwanese traders greater comfort that the broker is following local legislation.
- Provide a Mandarin-Chinese version of the website and trading platforms, making the user experience more accessible and comfortable for Taiwanese traders.
- Provide more popular trading instruments for Taiwanese traders, such as Taiwan Stock Exchange (TWSE) listed equities and Taiwan Futures Exchange (TAIFEX) futures contracts.
- Increase the number of payment methods accepted for deposits and withdrawals, especially those popular in Taiwan, like FasaPay and Ngan Luong.
- Create a Taiwanese affiliate program with local language assistance and marketing materials to recruit additional Taiwanese partners and increase the broker’s market reach.
Octa Pros and Cons
| ✅Pros | ❌Cons |
| Octa offers competitive trading conditions, with spreads from 0.6 pips and zero commissions | Octa is not regulated in Taiwan by local authorities |
| Octa offers MetaTrader 4, MetaTrader 5, and its own proprietary trading platforms | Taiwanese traders cannot register a TWD-denominated account with Octa |
| Traders can choose from three flexible account types | Octa does not offer local payment methods from Taiwan to traders |
| There is a 50% deposit bonus that can offer traders additional trading capital | Octa has a limited range of tradable instruments |
| Taiwanese traders can access several markets and instruments | There may be some language barriers with a lack of local support |
| There is a lucrative affiliate program available that offers up to 80% of the spread of what clients trade | |
| Octa offers Taiwanese traders robust copy-trading features | |
| Taiwanese traders can expect a transparent fee schedule |
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Frequently Asked Questions
Are there any Octa deposit/withdrawal methods that are appropriate for Taiwan?
Yes. Octa accepts payment methods such as foreign bank transfers and e-wallets, which are popular in Taiwan.
Is there a deposit or withdrawal fee for Taiwanese traders on OctaTrader?
No. OctaTrader charges no fees for deposits and withdrawals, making it cost-effective for traders to manage their funds.
What minimum deposit is needed to start an OctaTrader account for Taiwanese traders?
The minimum deposit necessary to start an account with OctaTrader is $25, or around NT$800, making it accessible to various traders.
Can Taiwanese traders utilize leverage with OctaTrader?
Yes, Taiwanese traders can use leverage up to 1:500 on OctaTrader, allowing them to open larger positions with less capital expenditure.
