Octa, formerly known as OctaFX, is an online trading broker offering services to tens of millions of people worldwide.
Founded in 2011, Octa now has more than 42 million open trading accounts, and its platform is available in more than 180 countries.
Octa offers commission-free access to financial markets and a wide range of trading instruments, including 230 CFDs, cryptocurrencies, stocks, commodities, indices, and global currencies.
Accessible in 13 different languages, including Malay, Octa’s services are characterised by fast withdrawals, the lowest spreads in the industry, zero commissions, and 24/7 customer support. Octa also boasts reliable security, a customisable smart feed called ‘Space’, and a helpful array of educational tools.
Is OctaFX penipu?
When searching for a broker, it’s important to be cautious and aware of potential scams, often referred to in Malaysia as ‘penipu.’ While the term ‘OctaFX penipu’ has occasionally surfaced in conversations in the past, it’s essential to note that Octa has earned a strong reputation for its security, reliability, and user-friendly services.
Widely trusted across Asia, and particularly in Malaysia, Octa stands out as a solid choice among online brokers by providing safe and dependable experiences for all its users.
Indeed, Octa was named the ‘Most Reliable Broker Asia 2023’ by the Global Forex Awards and the ‘Best Trading Platform Malaysia 2024’ by Brands and Business Magazine.
The popularity of Octa Malaysia is consistently on the rise, with consumers across the country keen to access international markets and opportunities to improve their financial situations. However, the question ‘is Octa legal in Malaysia?’ is still one that gets asked.
The simple answer to that question is ‘yes’ but currency trading in Malaysia and online brokerage services more broadly are not currently regulated by relevant Malaysian authorities. Octa trading is, however, tightly regulated by relevant oversight bodies.
Accounts and useability
Octa provides its own specialised trading platform, OctaTrader, alongside MetaTrader 4 (MT4) and MetaTrader 5 (MT5), giving users access to a broader range of trading instruments and features.
Accessible on both desktop and mobile, with dedicated apps for Apple and Android devices, OctaTrader offers a fast, intuitive, and easy-to-navigate interface. It also includes exclusive tools, such as the ‘Space’ smart feed — a feature delivering real-time decision-making support and market insights based on advanced analytics.
This tailored feed helps traders make informed choices with ease, making OctaTrader a powerful choice for all trading levels.
Copy trading is now also available as a feature for Octa Malaysia traders. As the name suggests, copy trading allows account holders to follow the moves of experienced traders and benefit from any corresponding profits.
Competitive spreads
Octa spreads are generally among the most competitive available from any online brokerage, with floating spreads beginning at 0.6 pips. The array of asset classes available is also highly diverse, with standard accounts offering fixed or floating spreads and ECN accounts with market execution giving access to tighter spreads.
- Maximum leverage on currency pairs is 1:1000
- Leverage rates offered by Octa on other popular trading instruments are:
- 1:400 for metals
- 1:400 for energies
- 1:400 for indices
- 1:200 for cryptocurrencies
Security
Security considerations are fundamental for forex traders in Malaysia, as they are for online traders worldwide. Octa trading is recognised globally as an enforcer of strict security measures and protocols, with 128-SSL encryption in place, separate trust accounts setup for client funds and all platforms adhering to international anti-money laundering rules and ‘know your customer’ standards on data security.
Methods used to verify the identities of all account holders can seem somewhat inconvenient initially but they are essential to ensuring security across the Octa trading ecosystem.
Additionally, negative balance protections are available, ensuring that users of both OctaTrader and the MetaTrader platforms can never lose more than the funds they have in their accounts.
Deposits and withdrawals
Octa’s deposit and withdrawal processes happen very swiftly, with withdrawals typically happening within less than three hours. No fees are associated with any such transactions, which are readily compatible with bank transfers, cryptocurrencies, and e-wallets.
Quick payment options available to Octa traders in Malaysia include:
- Tether or USDT
- Bitcoin
- Ethereum
- Litecoin
- Dogecoin
- Skrill
- Neteller
- Mastercard/Visa
- Online banking
Withdrawals are restricted to the same methods as were used with initial deposits so money cannot be switched elsewhere or stolen, even if unauthorised access is gained to a particular trading account.
Education tools and resources
The Octa trading platform has built a robust suite of educational resources and tools, with the company recognised as ‘Best Education Broker 2023’ by Forexing.com and Holiston Media.
Through Octa, users have access to a range of training materials tailored for everyone from beginners to advanced traders. Data from Octa suggests that those who utilise these resources often achieve better trading outcomes than those who don’t.
Octa’s educational resources are designed to be as thorough as possible. Foundational forex courses are especially popular among beginners, while weekly webinars and live trading sessions remain essential tools for traders in Malaysia and beyond.
Additionally, Octa offers up-to-the-minute news articles, in-depth market analyses, trading calculators, a glossary of trading terminology, real-time market quotes, and an extensive FAQ section — available on both the Octa app and desktop platforms.
Contests and promotions
Another educational (but also potentially profitable) feature of the Octa platform is its Champion Demo Contest, which allows users to trade via a demo account but within real market contexts. The top five traders at the end of that contest can win up to $500, without ever having to deposit real money of their own.
Deposit bonuses of between 10 and 50 percent are always available with every deposit onto the Octa platform, but special offers can see deposits matched 100 percent. Prize lots collected by traders can also be spent on iPhone headsets and other gadgets.
An ‘invite-a-friend’ initiative also allows traders who refer someone new to the platform to earn $1 for every lot their friend subsequently trades.
Conclusion
While trading always involves risk, the demand for access to international financial markets continues to grow in Malaysia. Recognised by industry awards and trusted by millions, Octa not only opens the door to international financial markets but does so with an unwavering commitment to user satisfaction and secure trading practices.
For traders in Malaysia and beyond, Octa presents a compelling balance of innovation, integrity, and user-centred service that makes it a leading name in online brokerage.
In Malaysia, Octa has built a strong reputation for being a transparent, reliable, and user-friendly platform, operating under well-established international regulatory frameworks, including oversight from the Cyprus Securities and Exchange Commission (CySEC) and the Financial Sector Conduct Authority (FSCA) in South Africa.
