Octa
Chris Cammack December 3, 2019 01:38 PM
Octa will be a difficult choice for many Australian traders. On the one hand, it has very low trading costs, charges no fees for deposits and withdrawals, and has a great copy trading service. On the other hand, Octa is essentially unregulated in Australia, does not accept bank transfers or cards for withdrawals, and has a slightly limited range of financial instruments compared to other brokers, with 35 Forex pairs, 5 commodities, 10 indices, 150 equities, and 30 cryptocurrencies. If you can look past these issues, you will find a low-cost broker with a fairly standard setup: Two accounts with minimum deposits of 25 USD, a slick mobile app, and a good range of trading tools. Octa also heavily promotes its wide range of bonuses, and with no ASIC regulation, it can offer leverage of 1:500 on Forex pairs.