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OctaFX official representative

  • #41
  • Sep 24, 2015 1:23pm Sep 24, 2015 1:23pm
hello scammer
  • #42
  • Sep 24, 2015 9:16pm Sep 24, 2015 9:16pm
Almost registered and wanted to open an account until I saw this:
Attached Image (click to enlarge)
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This is for poker players, not for traders.

500:1 leverage within 25 pip you lose all.

100 usd x 500 max leverage = 50k trade size, which is 0.5 lot and need to trade 25 lot.

So in the given example need to trade 50 times the 0.5 lot to get the $50 bonus, without loosing the account ( -25 pip )

1 lot has 3-10 usd commission usually, depends on the broker, may has $7 for a turn open $3.5+ close position $3.5
25 lot = 75-250 , and you give it 50 back as "50% bonus on deposit"

I don't feel bad for who register and trade for that bonus.
Dukascopy made similar fake motivation, which has demotivated me and left they: my wife became a contest winner, but to withdraw the prize I needed to trade a lot more then the commission, hidden between small letters...

I really have a respect for Oanda (and only this part is good at they) not giving bonuses and max 50:1 leverage. At least need 200 pip loss to wipe my account, they don't want all my money in 1 single trade
I want to buy PATIENCE
  • #43
  • Sep 25, 2015 8:24am Sep 25, 2015 8:24am
Quoting matheszabi
Almost registered and wanted to open an account until I saw this: {image} This is for poker players, not for traders. 500:1 leverage within 25 pip you lose all. 100 usd x 500 max leverage = 50k trade size, which is 0.5 lot and need to trade 25 lot. So in the given example need to trade 50 times the 0.5 lot to get the $50 bonus, without loosing the account ( -25 pip ) 1 lot has 3-10 usd commission usually, depends on the broker, may has $7 for a turn open $3.5+ close position $3.5 25 lot = 75-250 , and you give it 50 back as "50% bonus on deposit"...
Hello matheszabi!

Thank you for your feedback!

It should be noticed that a bonus is a bonus, it is not something like a gift, thus, in order to get it you should trade, it's a fact (I suppose, trading is the thing you came to Forex). Forex is not a place where you could get funds for free, it is a place where you could earn applying some or other skills, and bonus is like as an extra thing, provided in addition to what you get as a result of your trading. Moreover, you could start from 0,01 lot, it means that you don't need to put the whole volume on the line in order to get the bonus ASAP.

Best regards,

OctaFX Rep.
  • #44
  • Edited 7:37am Sep 29, 2015 6:28am | Edited 7:37am
Dear OctaFX Rep,

I have a question concerning your demo:

I trade your ECN MT4 demo environment since July an noticed a significant change in fill characteristic since 2 weeks.
The average Fill/slippage (=difference betwens asked price end filled price) gets much better since 2 weeks.

When looking at the fills I found, that before the changes apear, I was NEVER got filled better than the asked price
(but often worse). Since 2 weeks I got negative AND POSITIVE slippage.

So two questions:
a) Can you confirm, that there was a change in the behavior of the demo ???

b) what will be the behavior on the live plattform ???

Enclosed a screashot based on GBPCAD.ecn ...



Thanks for help
JForex
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  • #45
  • Sep 29, 2015 7:27am Sep 29, 2015 7:27am
hi, can you give me a solution about connection quality. how to improve your connection quality? because I feel its still slow. I compare it with other ctrader broker on demo account. and your octafx is the most slowest on proxy/server latency connection quality. when I close all 30 position octafx slow than the other broker, the other broker about not more than 2 second clear, but octa need more than 5 second.
I think this about connection quality is crucial.

I in jakarta.
thanks
we don't predict, we only ride
  • #46
  • Sep 29, 2015 9:33am Sep 29, 2015 9:33am
Quoting cakrajaya
hi, can you give me a solution about connection quality. how to improve your connection quality? because I feel its still slow. I compare it with other ctrader broker on demo account. and your octafx is the most slowest on proxy/server latency connection quality. when I close all 30 position octafx slow than the other broker, the other broker about not more than 2 second clear, but octa need more than 5 second. I think this about connection quality is crucial. I in jakarta. thanks

Hello cakrajaya!

Thank you for your feedback!

Your experience is very useful and helpful as to improvement of the services provided by OctaFX, thus, I would like to ask you some questions concerning the current situation in a private conversation.

Best regards,

OctaFX Rep.
  • #47
  • Oct 1, 2015 9:34am Oct 1, 2015 9:34am
Quoting J.Forex
Dear OctaFX Rep, I have a question concerning your demo: I trade your ECN MT4 demo environment since July an noticed a significant change in fill characteristic since 2 weeks. The average Fill/slippage (=difference betwens asked price end filled price) gets much better since 2 weeks. When looking at the fills I found, that before the changes apear, I was NEVER got filled better than the asked price (but often worse). Since 2 weeks I got negative AND POSITIVE slippage. So two questions: a) Can you confirm, that there was a change in the behavior...

Good day to you, J.Forex!

Thank you for your questions!

The fact of a positive slippage is connected with some technical works and changes which were carried out for the improvement of our services. Sure, you could face such situation trading with the real account. We are constantly developing our services and features to satisfy our clients' needs and requirements!

Thanks for dropping by and all the best with your trading,

OctaFX Rep.
  • #48
  • Oct 2, 2015 8:58am Oct 2, 2015 8:58am
Quoting OctaFX.Rep
{quote} Good day to you, J.Forex! Thank you for your questions! The fact of a positive slippage is connected with some technical works and changes which were carried out for the improvement of our services. Sure, you could face such situation trading with the real account. We are constantly developing our services and features to satisfy our clients' needs and requirements! Thanks for dropping by and all the best with your trading, OctaFX Rep.
Thanks for your reply.

This sounded very promising to me.
So I opened a live account. The procedure is simple and verification was really fast.
But when logging into the MT4 Live account, I was very disappointed.

Spreads are significant higher, than on ECN demo. (easy to see in 2 windows)
In Majors about 0.3-0.6 pip, in Crosses 0.8 - 2 pips !

Feel a little bit cheaed by the demo.
Why are you not showing real costs in demo ???
  • #49
  • Oct 2, 2015 9:43am Oct 2, 2015 9:43am
Quoting J.Forex
{quote} Thanks for your reply. This sounded very promising to me. So I opened a live account. The procedure is simple and verification was really fast. But when logging into the MT4 Live account, I was very disappointed. Spreads are significant higher, than on ECN demo. (easy to see in 2 windows) In Majors about 0.3-0.6 pip, in Crosses 0.8 - 2 pips ! Feel a little bit cheaed by the demo. Why are you not showing real costs in demo ???

Hello J.Forex!

Do not worry, our demo operates using real-time quotes, no other way. Actually, OctaFX offers floating spread that may vary depending on the market situation. For example, in periods of limited liquidity, at market open, during rollover at 00.00 (server time), during major news releases or high volatility periods spreads may widen beyond the typical spread. This happens because our prices accurately reflect what is available in the market.

Best regards,

OctaFX Rep.
  • #50
  • Oct 2, 2015 9:56am Oct 2, 2015 9:56am
i have a question about my pending order that just got cancelled out, although i did not do it. i was trading the NFP report and the price was actually hit my sell stop order but unfortunately the order did not execute... Why?
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uSuck
  • #51
  • Oct 2, 2015 10:00am Oct 2, 2015 10:00am
Quoting OctaFX.Rep
{quote} Hello J.Forex! Do not worry, our demo operates using real-time quotes, no other way. Actually, OctaFX offers floating spread that may vary depending on the market situation. For example, in periods of limited liquidity, at market open, during rollover at 00.00 (server time), during major news releases or high volatility periods spreads may widen beyond the typical spread. This happens because our prices accurately reflect what is available in the market. Best regards, OctaFX Rep.
sorry,
but thats no answer to my question.

Spreads in demo are also floating.
The question is, why on live accounts its demo-spread + 0.6-2 pip on all instruments and all tiime???

For me it looks like, that you are showing in demo your raw spreads and in live account you
are padding by a value, which covers your (hidden) commisions/costs.

For me thats not a good style and has a bad taste.
  • #52
  • Oct 2, 2015 10:19am Oct 2, 2015 10:19am
Quoting Robinroo
i have a question about my pending order that just got cancelled out, although i did not do it. i was trading the NFP report and the price was actually hit my sell stop order but unfortunately the order did not execute... Why? {image}
Hello Robinroo!

I have handed over the details of your case to our Customer Support service, they will contact you as soon as possible!

Best regards,

OctaFX Rep.
  • #53
  • Oct 2, 2015 10:28am Oct 2, 2015 10:28am
Thanks for replying! this did not happen to my demo account once.. i think this is the third time..
looking forward for the review of this case..
uSuck
  • #54
  • Oct 3, 2015 9:29am Oct 3, 2015 9:29am
Quoting Robinroo
Thanks for replying! this did not happen to my demo account once.. i think this is the third time.. looking forward for the review of this case..
I also traded on NFP yesterday, it was really good one for me collected decent pips. I am trying this strategy a lot on demo account, but never did on real account, so I am interested in what reply you get from OctaFX, as I am definitely going to employ this strategy in future events, so just hope I never get any problem like that, but so far I am really enjoying working with this company especially for news events.
  • #55
  • Edited 9:44am Oct 5, 2015 3:42am | Edited 9:44am
Quoting J.Forex
{quote} sorry, but thats no answer to my question. Spreads in demo are also floating. The question is, why on live accounts its demo-spread + 0.6-2 pip on all instruments and all tiime??? For me it looks like, that you are showing in demo your raw spreads and in live account you are padding by a value, which covers your (hidden) commisions/costs. For me thats not a good style and has a bad taste.

Hello J.Forex!

Please, note, that even though our demo platform provides both real-time market quotes and market conditions (as far as possible), this platform is intended to be used as an educational tool for newcomers or for testing various trading strategies. In periods of high volatility or low liquidity (at market open, major news releases and etc.) trading on demo account may differ from trading on the real one. The execution of similar trading operations on demo and real accounts may differ in such periods.

Best regards,

OctaFX Rep.
  • #56
  • Oct 7, 2015 7:17am Oct 7, 2015 7:17am

OctaFX announced new Round 43 OctaFX Champion demo contest winners!



Once again we are delighted to announce Round 43 OctaFX Champion demo contest winners! Our winners will share $1000 prize fund between them! These champions proved to be good traders and, thus, earned our praise. For those who want to challenge themselves in our highly participated contest the next round of OctaFX Champion demo contest is open for registration. Dont miss your chance to participate in OctaFX Champion demo contest. Meanwhile, we greet our Round 43 champions, who became OctaFX Hall of Fame members:

 

  1. 1st place with the award of 500 USD goes to Mr. Nanang Kosim from Indonesia
  2. 2nd place with the award of 300 USD goes to Mr. Andri Andri from Indonesia
  3. 3rd place with the award of 100 USD goes to Mr.David Permana from Indonesia
  4. The last runner in the contest, Mr. Hung Vu from Vietnam is granted 100 USD


OctaFX Champion demo contest is devised specifically for the traders, who want to test their own abilities and immerse into fascinating atmosphere of learning and trading. Our prizes are real, which makes the contest even more alluring! The posts about winners who uncover their successful strategies and provide some trading tips are aimed to help newcomers to get inspired. Even experienced traders don't hesitate to participate in the competition and compete for the rewards and praises. Shortly, we will share the success stories of our 43 Round winners. We want to thank all traders for participation in this round. Registration has already started, so dont miss your chance to explore all advantages of OctaFX Champion demo contest!

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  • #57
  • Oct 9, 2015 2:32am Oct 9, 2015 2:32am
Quoting J.Forex
{quote} sorry, but thats no answer to my question. Spreads in demo are also floating. The question is, why on live accounts its demo-spread + 0.6-2 pip on all instruments and all tiime??? For me it looks like, that you are showing in demo your raw spreads and in live account you are padding by a value, which covers your (hidden) commisions/costs. For me thats not a good style and has a bad taste.

Operations on a demo account would never be a worthy replacement for the real one, they are not similar initially and never have been. Demo account is only quite good for teaching newbies the basics and for testing the advisers work. In all other respects it's only a toy-tool, so, the comparison is nothing here.
  • #58
  • Oct 9, 2015 7:18am Oct 9, 2015 7:18am
I used this Octa FX some years ago and i used them as my broker for a EA as the developer of that EA was also using this broker for his EA , which is almost a tick scalper, i made a initial deposit of 100$ and the EA did some trades and the trades were placed well without any slippage so i did a deposit of 1000$. The EA performed well made about 12% profit in 2 days. Then the developer of that EA informed me that he was forced to leave this broker for an unknown reason after he made about 400% profit in 2 months, they allowed him to withdraw his initial deposit and also the profit he made. so naturally i withdrawn all my funds from this broker and left some dollars to check the EA performance,
But from the next day my orders started to slip 2-3 pips for opening and also for closing orders, every trade after i withdraw my funds from them had slippage, before i withdrew my fund there was no slippage at all, every trade was placed precisely where i wanted.

they even closed my trade where the price never reached that level at that time, when i contacted their support about this they said that my order was experienced slippage and said the mt4 does not show the next best price
  • #59
  • Oct 9, 2015 7:54am Oct 9, 2015 7:54am
Quoting francmorio
I used this Octa FX some years ago and i used them as my broker for a EA as the developer of that EA was also using this broker for his EA , which is almost a tick scalper, i made a initial deposit of 100$ and the EA did some trades and the trades were placed well without any slippage so i did a deposit of 1000$. The EA performed well made about 12% profit in 2 days. Then the developer of that EA informed me that he was forced to leave this broker for an unknown reason after he made about 400% profit in 2 months, they allowed him to withdraw his...

Hello francmorio!

Could you, please, give us the number of your account, we also would like to recognize this case. Probably, we will give you new arguments in order to provide a clear representation of the issue. We are very interested in improvement of our services as well as in elimination of any inconveniences!

Best regards,

OctaFX Rep.
  • #60
  • Oct 9, 2015 8:06am Oct 9, 2015 8:06am
Quoting francmorio
Then the developer of that EA informed me that he was forced to leave this broker for an unknown reason after he made about 400% profit in 2 months, they allowed him to withdraw his initial deposit and also the profit he made.
This sounds very disturbing, thank you for this info.
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