Jump to content

OctaFX.com - Keep trading we'll take care of the rest


OctaFX_Farid

Recommended Posts

OctaFX.Com - MASSIVE Spread Reduction at OctaFX!

octafx_lowspreads.png

This is a revolution in lowering the spreads that happened in OctaFX! We have reduced major currency spreads!

Now you can enjoy trading with as low as 0.2 pip spreads. They’ve never been that tight.

Open account today and enjoy the lowest spreads ever at OctaFX!

octafx_reg.png

OctaFX is proud to offer top-notch service level to its customers. Please stay tuned for the news and updates from OctaFX!

octafx_s.png

octafx_logos.png

N Farid,

OctaFx Support Team!

[email protected] | +32 2792 4855

Link to comment
Share on other sites

  • Replies 672
  • Created
  • Last Reply

Top Posters In This Topic

OctaFxIB.png

An Introducing Broker (IB) is a person or a company which refers clients to OctaFX. As long as these clients trade the IB receives money from OctaFX. It is a wide spread model, which is mutually profitable for both broker and IB.

You get your commission each time right after your client closes an order. Here is an example:

Let's say you have 2 clients, one with micro account and another one with ECN account. Each of them trades for 1 month. Let's see what they can earn you within a month:

Octas-1.png

octafx_reg.png

octafx_logos.png

N Farid,

OctaFx Support Team!

[email protected] | +32 2792 4855

Link to comment
Share on other sites

antimoneylaundring.png

Policy statement and principles

Octa Markets Incorporated ("OctaFX") have adopted an Anti-Money Laundering (AML) compliance policy ("Policy") as set forth in the Board minutes, dated 15 of September 2011.

Scope of policy

This policy applies to all OctaFX officers, employees, appointed producers and products and services offered by OctaFX. All business units and locations within OctaFX will cooperate to create a cohesive effort in the fight against money laundering. Each business unit and location has implemented risk-based procedures reasonably expected to prevent, detect and cause the reporting of transactions. All efforts exerted will be documented and retained. The AML Compliance Committee is responsible for initiating Suspicious Activity Reports ("SARs") or other required reporting to the appropriate law enforcement or regulatory agencies. Any contacts by law enforcement or regulatory agencies related to the Policy shall be directed to the AML Compliance Committee.

Policy

It is the policy of OctaFX to prohibit and actively pursue the prevention of money laundering and any activity that facilitates money laundering or the funding of terrorist or criminal activities. OctaFX is committed to AML compliance in accordance with applicable law and requires its officers, employees and appointed producers to adhere to these standards in preventing the use of its products and services for money laundering purposes.

For the purposes of the Policy, money laundering is generally defined as engaging in acts designed to conceal or disguise the true origins of criminally derived proceeds so that the unlawful proceeds appear to have been derived from legitimate origins or constitute legitimate assets.

Generally, money laundering occurs in three stages. Cash first enters the financial system at the "placement" stage, where the cash generated from criminal activities is converted into monetary instruments, such as money orders or traveler's checks, or deposited into accounts at financial institutions. At the "layering" stage, the funds are transferred or moved into other accounts or other financial institutions to further separate the money from its criminal origin. At the "integration" stage, the funds are reintroduced into the economy and used to purchase legitimate assets or to fund other criminal activities or legitimate businesses.

Terrorist financing may not involve the proceeds of criminal conduct, but rather an attempt to conceal the origin or intended use of the funds, which will later be used for criminal purposes.

Customer identification program

OctaFX has adopted a Customer Identification Program (CIP). OctaFX will provide notice that they will seek identification information; collect certain minimum customer identification information from each customer, record such information and the verification methods and results; and compare customer identification information with OFAC.

Notice to customers

OctaFX will provide notice to customers that it is requesting information from them to verify their identities, as required by applicable law.

Required customer information

The following information will be collected for all new insurance and annuity applications:

  • Name
  • Date of birth
  • Address
  • Passport number and country of issuance
  • Alien identification card number or
  • Number and country of issuance of any other government-issued document evidencing nationality or residence and bearing a photograph or other similar safeguard.
  • Verifying information

Based on the risk, and to the extent reasonable and practicable, OctaFX will ensure that it has a reasonable belief of the true identity of its customers. In verifying customer identity, appointed producers shall review photo identification.

OctaFX shall not attempt to determine whether the document that the customer has provided for identification has been validly issued. For verification purposes, OctaFX shall rely on a government-issued identification to establish a customer's identity. OctaFX, however, will analyze the information provided to determine if there are any logical inconsistencies in the information obtained.

OctaFX will document its verification, including all identifying information provided by the customer, the methods used and results of the verification, including but not limited to sign-off by the appointed producer of matching photo identification.

Monitoring and reporting

Transaction based monitoring will occur within the appropriate business units of OctaFX. Monitoring of specific transactions will include but is not limited to transactions aggregating $5,000 or more and those with respect to which OctaFX has a reason to suspect suspicious activity. All reports will be documented.

Suspicious activity

There are signs of suspicious activity that suggest money laundering. These are commonly referred to as "red flags." If a red flag is detected, additional due diligence will be performed before proceeding with the transaction. If a reasonable explanation is not determined, the suspicious activity shall be reported to the AML Compliance Committee.

Examples of red flags are:

  • The customer exhibits unusual concern regarding the firm's compliance with government reporting requirements and the firm's AML policies, particularly with respect to his or her identity, type of business and assets, or is reluctant or refuses to reveal any information concerning business activities, or furnishes unusual or suspect identification or business documents.
  • The customer wishes to engage in transactions that lack business sense or apparent investment strategy, or are inconsistent with the customer's stated business strategy.
  • The information provided by the customer that identifies a legitimate source for funds is false, misleading, or substantially incorrect.
  • Upon request, the customer refuses to identify or fails to indicate any legitimate source for his or her funds and other assets.
  • The customer (or a person publicly associated with the customer) has a questionable background or is the subject of news reports indicating possible criminal, civil, or regulatory violations.
  • The customer exhibits a lack of concern regarding risks, commissions, or other transaction costs.
  • The customer appears to be acting as an agent for an undisclosed principal, but declines or is reluctant, without legitimate commercial reasons, to provide information or is otherwise evasive regarding that person or entity.
  • For no apparent reason, the customer has multiple accounts under a single name or multiple names, with a large number of inter-account or third-party transfers.
  • The customer is from, or has accounts in, a country identified as a non-cooperative country or territory by the Financial Action Task Force.
  • The customer's account has unexplained or sudden extensive wire activity, especially in accounts that had little or no previous activity.
  • The customer's account shows numerous currency or cashiers check transactions aggregating to significant sums.
  • The customer's account indicates large or frequent wire transfers, immediately withdrawn by check or debit card without any apparent business purpose.
  • The customer makes a funds deposit followed by an immediate request that the money be wired out or transferred to a third party, or to another firm, without any apparent business purpose.
  • The customer requests that a transaction be processed in such a manner to avoid the firm's normal documentation requirements.
  • The customer, for no apparent reason or in conjunction with other red flags, engages in transactions involving certain types of securities, such as penny stocks, and bearer bonds, which although legitimate, have been used in connection with fraudulent schemes and money laundering activity. (Such transactions may warrant further due diligence to ensure the legitimacy of the customer's activity.)
  • The customer's account shows an unexplained high level of account activity with very low levels of securities transactions.
  • Attempt to borrow maximum cash value of a single premium policy soon after purchase.
  • If the appointed producer:
  • Exhibits a dramatic or unexpected increase in sales (particularly of single premium contacts)
  • Has consistently high activity in single premium contracts in excess of company averages
  • Exhibits a sudden change in lifestyle
  • Requests client documentation be delivered to the agent

Investigation

Upon notification to the AML Compliance Committee an investigation will be commenced to determine if a report should be made to appropriate law enforcement or regulatory agencies. The investigation will include, but not necessarily be limited to, review of all available information, such as payment history, birth dates, and address. If the results of the investigation warrant, a recommendation will be made to the AML Compliance Committee to file a blocked assets and/or a SAR with the appropriate law enforcement or regulatory agency. The AML Compliance Committee is responsible for any notice or filing with law enforcement or regulatory agency.

30percentbonus.png

octafx_logos.png

N Farid,

OctaFx Support Team!

[email protected] | +32 2792 4855

Link to comment
Share on other sites

octafx_logos.png

Dear clients!

In an effort to make your trading as easy and convenient as possible OctaFX introduces the most popular account deposit/withdrawal option, that is, deposit via Visa/Mastercard.

DepositVISAMASTER.png

The whole deposit process takes seconds now! OctaFX is proud to announce another convenient deposit option for our clients!

Please stay tuned for the news and updates from OctaFX!

Wishing you luck and profitable trading, yours truly, OctaFX! :)

octafx_logos.png

N Farid,

OctaFx Support Team!

[email protected] | +32 2792 4855

Link to comment
Share on other sites

  • 2 weeks later...

OctaFX Champion contest Next round: Registration opened only 11 days left

octafxcontest.png

Register in the contest, trade your demo account like a champion, win and get amazing prizes! Any possible trading techniques are welcome, whether EAs, scalping, hedging, or whatever you want to use! Be a winner and the total prize fund of 1000 USD monthly can become yours!

Schedule

  • Next round registration: Mar 27, 2012 22:00 - Apr 30, 2012 00:00 (GMT+2)
  • Next round duration: Apr 30, 2012 00:00 - May 26, 2012 00:00 (GMT+2)

ONLY 11 DAYS LEFT REGISTER NOW

champions.png

octafx_logos.png

N Farid,

OctaFx Support Team!

[email protected] | +32 2792 4855

Link to comment
Share on other sites

Real-time Live Quotes from OctaFX

image5-1.png

the current live quotes from OctaFX. All the quotes are updated in real-time. Please feel free to use them in educational and informational purposes. to see live quotes from OctaFX please visit http://www.octafx.com/markets/quotes/ or click here

* 1 point (pip) is calculated as:

For 5-digit pricing currency pairs - by 4th digit (0.0001);

For 3-digit pricing currency pairs - by 2nd digit (0.01).

octafx_logos.png

N Farid,

OctaFx Support Team!

[email protected] | +32 2792 4855

Link to comment
Share on other sites

About OctaFX ECN Trading

What is ECN/STP trading?

It is a broker's business model (which, generally, creates the difference between brokers and "market makers"), in which clients' orders are sent directly to one or several liquidity providers to be executed on their end. There may be an unlimited number of liquidity providers (that is, banks, aggregators, other financial institutions). The more liquidity providers a broker has, the better is the execution for its clients (more liquidity available, less slippage). What makes a true STP broker — is that it doesn't internalize the orders, but sends them to liquidity providers, acting as an intermediary between the client and the real market.

OctaFxECN.png

Do you have requotes?

No, we don't. Any broker who re-quotes your orders is definitely a dealing desk broker. A requote occurs whenever dealer on the other side of the trade sets an execution delay during which the price changes. Therefore he can't open your order and sends you a message that the price had changed. That is, a requote. You usually get a new price which can be significantly different from the one you requested (especially when the market is volatile). In most cases it's not profitable for the trader but quite profitable for the broker. OctaFX doesn't have any requotes simply because we don't have a dealing desk whether human or automatic .

Can I scalp? Do you allow news trading?

Yes, you can. Unlike the majority of brokers out there who either directly prohibit scalping or indirectly prevent scalpers from trading, we welcome scalpers. By this point, you are certainly wondering why. Dealing desk brokers hold the other side of your trades. That is, they expect the market to go in the opposite direction and you lose. Scalpers use very short orders, which means they stay in the market for a very short period of time, during which the market doesn't change its course.

The other problem for a dealing desk is that scalpers generate a huge number or requests at the same time (let's say during important news releases) which makes it hard for a dealing desk to handle them.

OctaFX passes all the trades to its liquidity provider and just receives its commission. Therefore we are interested in high volumes (the higher the volume — the higher is our commission we get), which are usually generated by scalpers.

How do I find out if my broker is a dealing desk?

There are a number of rules and regulations usually applied by dealing desks, such as:

A direct or indirect prohibition of scalping, news trading, other strategies

Fixed spread

So-called "guaranteed" stop orders

A possibility of requotes

If you meet any of these, your broker most certainly is a dealing desk. Dealing desks (or, so truly referred to as "market makers") in fact create their own markets for you with their own rules (described above). Needless to say these rules do not serve you; they are designed BY their creators and FOR their creators. NDD brokers such as OctaFX act as intermediaries between the trader and the real market, and receive strictly defined and transparent commission for it.

How do dealing desks earn?

In general, they do not offset your orders anywhere, rather they keep them inside. What you see in the charts is market maker's prices which may resemble the real ones, but in fact they are made up by the broker.

So in this case, if you buy, let's say, EURUSD at a certain price, the broker opens your order, but doesn't offset it, because he assumes EURUSD will go down. If it does, you lose your deposit, and broker takes it. Alternatively, if you win, the broker has to pay you with his own money. Of course any market maker will do everything to prevent you from winning. Whether legal or illegal, anything goes when it's about the money. That's where you will face requotes, spikes and so on.

How does OctaFX make money? Octafx needs profitable traders? WHY?

OctaFX receives a certain commission from its liquidity providers for each transaction. We add it as a markup to spreads you see in the charts .

We receive our liquidity from a wide range of liquidity providers around the world. Our system is designed to offer the best prices available at each moment to the clients. When you open a new order, you get the best available bid (or ask) price directly from the liquidity providers with our commission already included into it. Therefore we are interested that you trade more. And the best way to do so is to profit, not lose. This means we are interested that your trading goes as profitable as possible.

You have no requotes. WHY?

Putting it simply, we don't requote you because we have nothing to do with the quotes (i.e. the prices you see in your trading software). The order is filled when a price from one of our liquidity providers is available. It is important to understand, however, that we do not guarantee that your order will be filled exactly at the requested price; our system is setup to fill it by the next best price from another liquidity provider. But, again, your order will not be requoted, since we are more than interested in your profitable trading.

Can liquidity providers see my orders?

No, they can't. From their point of view they see only one customer, that is, OctaFX. You remain anonymous to them in all cases.

The chart went through my limit, but my order wasn't opened. What's going on?

It is a possible situation and it usually happens due to lack of liquidity at a certain period of time. Let's say a number of clients put sell limit orders prior to important news release with total volume of 1000 lots. When the news is released, it makes the market go up 50+ pips. So the chart hits the price of all these orders and it is requested to open a number of orders worth 1000 lots in total. It may happen that only 200 lots are available at the time from the liquidity providers at this price at this given time. In this case the first 200 lots out of 1000 will be filled, while the rest 800 will not be filled (no available liquidity) and will remain waiting until the price hits their level again.

Do you allow EAs?

Absolutely. Any EAs are welcomed.

Which spread is better, fixed or variable?

Variable is better because it is real. In the interbank market there is no such thing as fixed spread. Whenever a bank or any other financial institution wants to buy or sell currency, it sets required bid or ask. That is, the price they want at the moment. In real world the difference between Bid and Ask simply can't be fixed.

So every dealing desk broker offering fixed spreads has to manipulate prices to make spread fixed. In most cases these manipulations are against the trader.

Let's take your broker has 2 pips fixed spread on EURUSD. During daytime the spread is usually about 1 or 1.2 pips. That means you lose 0.8 pips in each single trade, and your dealing desk broker is happy.

On the other hand, the very same EURUSD spread can widen to 5-6 pips during important news releases (like NFP). If your broker wants to keep 2 pips fixed spreads, it will either pay 4 pips difference for you or requote you, because it doesn't want to pay. Most probably a requote will happen since dealing desk doesn't want to lose 4 pips.

What is slippage and why does it happen?

Slippage is a slight order opening price movement which is a result of the lack of liquidity (when it's already taken by other traders' orders). It may also happen during market gaps.

It is important to understand that we do not guarantee that your order will be filled exactly at the requested price; our system is setup to fill it by the next best price from another liquidity provider.

So during these news times it's possible that there will be no liquidity available at the price you requested. Let's say you want to open 5 lots Buy order, EUR/USD, price is 1.30000. Now, in this case we can see the following liquidity available:

Provider 1: price is 1.30010, 20 lots available

Provider 2: price is 1.30005, 5 lots available

Provider 3: price is 1.30000, 1 lot available

In this case your order will be offset with Provider 2, since he has the best price and enough liquidity to fill your order. And the open price will be 1.30050, which is 0.5. pips away from the price you requested. But, again, your order will not be requoted, since we are more than interested in your profitable trading.

Why don't you guarantee stop orders?

Again, in real market there is no such thing as "guaranteed stop", it is offered by dealing desks only. As stated above, market makers do not offset your orders anywhere, rather they keep them inside. So when your "guaranteed" stop loss is triggered, it means that your whole loss amount is already in the dealer's pocket.

In real market any stop order is considered as pending until its price is hit. After that the order is offset to a liquidity provider (which, again, may or may not involve slippage depending on the available liquidity). Therefore it's simply impossible to either "guarantee" or "hunt" your stop orders.

ONLY 5 DAYS LEFT REGISTER NOW

champions.png

octafx_logos.png

N Farid,

OctaFx Support Team!

[email protected] | +32 2792 4855

Link to comment
Share on other sites

Only 3 days left till OctaFX Champion Demo Contest start!

OctaFXDemoContest.png

Dear traders!

In just 3 days OctaFX Champion Demo Contest will be officially started! You still have a unique opportunity to take part in this outstanding demo contest! Be the first to win and get amazing prizes from OctaFX!

  • 1st prize gets 500 USD
  • 2nd prize gets 300 USD
  • 3rd prize gets 100 USD
  • The last place gets another 100 USD

Next round registration: Mar 27, 2012 00:00 - Apr 30, 2012 00:00 (GMT+2)

Next round duration: Apr 30, 2012 00:00 - May 26, 2012 00:00 (GMT+2)

Register in the contest, trade your demo account like a champion, win and get amazing prizes! Any possible trading techniques are welcome, whether EAs, scalping, hedging, or whatever you want to use! Be a winner and the total prize fund of 1000 USD monthly can become yours!

Good luck everyone and let the strongest win the contest! Register now and become OctaFX Champion!

DemoContestDate.png

octafx_logos.png

N Farid,

OctaFx Support Team!

[email protected] | +32 2792 4855

Link to comment
Share on other sites

OctaFX -Champion Demo Contest started!

OctaFXchampionsdemoconteststarted.png

Dear traders!

We are happy to announce that Round 1 of OctaFX Champion Demo Contest has officially started today! From now on, over 500 strongest traders of the world will be competing for the amazing prizes of this contest, namely:

  • 1st prize gets 500 USD
  • 2st prize gets 300 USD
  • 3st prize gets 100 USD
  • The last place gets another 100 USD

The results and winners will be announced after May 26, 2012 00:00 (GMT+2).

OctaFX would like to sincerely wish good luck to everyone and let the strongest win his/her prize with OctaFX!

octafx_starttrading.png

octafx_logos.png

N Farid,

OctaFx Support Team!

[email protected] | +32 2792 4855

Link to comment
Share on other sites

OctaFX-Champion Demo Contest!

OctaFXDemoContest.png

Since the commencement of the Champion Demo Contest a lot of contestants showing there keen interest in it and currently our top contestant sambhu has piled up with $20 984.45 in few days.So, come and grab the opportunity and be the part of matchless traders.

octachampcon.png

octafx_starttrading.png

octafx_logos.png

N Farid,

OctaFx Support Team!

[email protected] | +32 2792 4855

Link to comment
Share on other sites

OctaFX.Com -Metatrader 4 Trading Software

OctaFXplateforum.png

Metatrader 4 Trading Software

Use the most widespread trading software in the world. OctaFX offers you the outstanding advantages of Metatrader 4 trading software.

Metatrader 4 is the most comfortable and user-friendly trading platform on the market. Metatrader 4 unveils ultimate technology and top-notch trading techniques.

Metatrader 4 is highly customizable and convenient. It includes charting tools, market indicators, scripts and EAs, advanced risk management, real time market execution and more.

octafx_reg.png

Open account today and enter the world of requote-free trading and the fastest execution! Join OctaFX today!

octafx_logos.png

N Farid,

OctaFx Support Team!

[email protected] | +32 2792 4855

Link to comment
Share on other sites

OctaFx - Octawelcome free 8 USD bonus

873540k9RDYPkz.jpg

OctaFX is offering 8 USD deposit bonus for any new account!

You can always visit the promotion page for the rules and details!

octafx_starttrading.png

octafx_logos.png

N Farid,

OctaFx Support Team!

[email protected] | +32 2792 4855

Link to comment
Share on other sites

OctaFX Champion Demo Contest: registration for Round 2 is up and running!

OctaFXDemoContest.png

Dear clients!

As the 1st round of OctaFX Champion Demo Contest goes on, everyday we see the battle of the traders from all around the world taking new twists and getting more and more intriguing!

You can take part in the contest! Registration for Round 2 of OctaFX Champion Demo Contest is up and running now. Please follow this link to join!

Hurry up to register and take part in the Round 2 of the amazing OctaFX Champion Demo Contest! It might be you who wins the prizes from OctaFX this time, namely:

  • 1st prize gets 500 USD
  • 2nd prize gets 300 USD
  • 3rd prize gets 100 USD
  • The last place gets another 100 USD

Round 2 of OctaFX Champion Demo Contest will be started on the 4th of June 2012. You can still register today and compete with the strongest traders from all around the world!

Good luck everyone and let the strongest win the contest! Register now and become OctaFX Champion!

newocta.png

octafx_logos.png

N Farid,

OctaFx Support Team!

[email protected] | +32 2792 4855

Link to comment
Share on other sites

OctaFx - Deposit and funds protection!

403528_361766740537039_315931161787264_909158_365795425_n.jpg

How to deposit my account?

Please login to your Personal Area and click the payment system in the "Deposit my account" menu on the left. A wise wizard will guide you through the account deposit process.

Minimal deposit

Please note minimal deposit restrictions:

Micro Accounts: 5 USD

ECN accounts: 50 USD

Client funds protection

Our client's funds security is our top priority. With OctaFX you can be absolutely sure your deposits are secured in every possible way. Please read this statement regarding funds protection.

Way to Deposit my account

depost1.png

octafx_starttrading.png

Edited by OctaFX_Farid

octafx_logos.png

N Farid,

OctaFx Support Team!

[email protected] | +32 2792 4855

Link to comment
Share on other sites

OctaFX.Com -30% Deposit bonus

bonus-depositdddd.jpg

OctaFX is all about making your trading experience convenient and outstanding, driving forex trading to a whole new level. Deposit your account and we will grant you 10% to 30% of your deposit for free! This is a perfect way to increase total amount of funds in your account. All you need to do is deposit your real account and verify it. Please carefully read the promotion rules below.

octabouns.png

octafx_starttrading.png

octafx_logos.png

N Farid,

OctaFx Support Team!

[email protected] | +32 2792 4855

Link to comment
Share on other sites

OctaFx-Champions Demo Contest

OctaFXDemoContest.png

Currently in OctaFx Champion Demo Contest. Many contestants showing there keen interest in it and our top contestant rizkyta has grabbing first place with $39 153.04. So, come and grab the opportunity and be the part of matchless traders.

newtop10.png

octafx_starttrading.png

octafx_logos.png

N Farid,

OctaFx Support Team!

[email protected] | +32 2792 4855

Link to comment
Share on other sites

OctaFX Champion Demo Contest:current situation

OctaFXDemoContest.png

Dear clients!

Currently in OctaFx Champion Demo Contest. Many contestants combating each other to got a top level very stunning competition have seen. Our top contestant foton has grabbing first place with $15 564.30. So, come and be the part of matchless traders.

Good luck everyone and let the strongest win the contest! Register now and become OctaFX Champion!

newocta.png

octafx_logos.png

N Farid,

OctaFx Support Team!

[email protected] | +32 2792 4855

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.




×
×
  • Create New...