Octa (formerly OctaFX) Review: Licences, Withdrawals, Islamic Terms
Verified facts
| Founded | 2011 |
| Minimum deposit | $25 |
| EUR/USD spread from | from 0.6 pips, floating (OctaTrader and MT5 accounts, published as "spreads from 0.6 pips on popular pairs" — no EURUSD-specific figure published) |
| Platforms | OctaTrader, MetaTrader 4, MetaTrader 5 |
| Withdrawal methods | Visa/Mastercard cards, bank transfer / local banks (e.g. THB, IDR, MYR, NGN rails), Skrill, Neteller, Bitcoin, Ethereum, Litecoin, Dogecoin, Tether USDT (ERC20), Tether USDT (TRC20) |
| Crypto deposits/withdrawals | Yes |
Withdrawal speed: claim vs. measured
| Broker-published claim | Measured by us |
|---|---|
| Withdrawals usually take no longer than 3 hours. Per method: 1-3 hours to approve the withdrawal, then up to 5 minutes (cards), up to 30 minutes (crypto), or up to 1 hour (local banks) to transfer the funds. No fees or commission on our side whatsoever. [Source] | Testing in progress |
Islamic account: published terms vs. audit
| Availability | Broker-published claim | Measured by us |
|---|---|---|
| Yes | All Octa trading accounts are swap-free by default ('No swaps, halal trading') — no separate Islamic account needed. No admin fee, grace period, or instrument exclusions published. [Source] | Testing in progress |
Gulf funding and account currency
| mada | Not published |
| KNET | Not published |
| UAE local bank | Not published |
| AED account | Not published |
Octa geo-redirects its international pages and renders all figures client-side, so no trading condition could be verified from a primary source.
Scalping, Expert Advisors and hedging
| For Scalping | Not published |
| Expert Advisors | Not published |
| Hedging | Not published |
Regulation and license numbers
| Regulation | License no. | Official register |
|---|---|---|
| CySEC (Cyprus (EU entity: Octa Markets Cyprus Ltd, reg HE359992)) | 372/18 | Source |
| MISA (Mwali International Services Authority) (Comoros (Moheli) — entity: Octa Markets Ltd, reg HY00623410) | T2023320 | Source |
| FSCA (South Africa — entity: Orinoco Capital (Pty) Ltd (Octa brand)) | 51913 | Source |