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Is OctaFx a SCAM? - Honest Review 2021

Average

Why we don't recommend it:

  • Minimum deposit is only $10
  • Profit rate up to 93%
  • Regulated by the Cypruss Security Exchange
  • Supports the use of local banks for deposits

SCAM

Not Recommended

Free $10,000 credit for demo account

Brokers over time are increasingly popping up as the public's interest in trading becomes a new trend. Moreover, the number of lucrative offers from brokers but with a fairly high risk. One of the brokers that is much talked about is MiFx. This makes many people doubt its reputation, including whether MiFx Indonesia Is a Cheater? Is MiFx a scam?


If you are curious about the explanation, you can check out the review in this article. We will detail what MiFx is, how the regulation comes to the core question of whether MiFx is a fraud. All aspects of MiFx are important to discuss because although it is classified as a good broker, but the name is not as big and unknown as Olymp Trade. Therefore, we will peel you completely starting from the trading platform, the type of account and demo account, how to deposit and withdraw it, the awards ever received, user success, cooperation and sponsorship, support, mobile applications owned, bonuses, and how to register them.


SCAM


Is OctaFx a Scam or Not?

In the data collection found, MiFx does not include fraud. Of course, this takes into account several factors and observations from multi-faceted. If you want to know the basis of what is used in this conclusion, you can check out this article review until it is finished.

  • Has been used by more than 50 million people worldwide
  • Regulated by the Cypruss Security Exchange. A top independent regulator in the European economic area
  • Support deposit and withdraw using local Bank indonesia
  • There are more than 90 customer service representatives to answer trader complaints
NOT Recommended

Is OctaFx recommended?

Yes, we recommend IQ Option as they are the perfect platform for both novice and experienced traders today. This broker is one that allows novice traders and experienced traders to really enjoy honest trading activities and not limited by time and place. If you are new to online trading, there are several e-books and videos that you can find on the platform to add skills. For experienced traders, they can be part of competitions that IQ Option regularly holds to earn hefty prize money.


Anyone can make money on the IQ Option platform. To do so, you simply correctly predict the price movement within the time frame that has been installed. IQ Option offers short-term trading that allows users to make money in just 60 seconds. Traders will be given a profit rate of up to 95%.


Recommended for novice investors

  • With just a deposit of $10, you can already trade with a nominal of $1 only
  • Easy-to-understand platform
  • There are more than 100 types of trading assets
  • Responsive trading app
  • Profit rate up to 93%

What is IQ Option?

Company Name

Inlustris Ltd.

Regulator

The Cyber Securities

Minimum Deposit

$10

Minimum Trading Value

$1

Maximum Trading Value

$5000

Deposit Method

Local banks, electronic wallets, Visa/MasterCard

Profit Level

Up to 93%

IQ Option is a broker known as a broker that constantly improves their platform to keep up with today's best financial instrument trading technology. The platform uses desktop and mobile applications to assist traders in predicting financial markets and capturing profits according to the current situation. They boast an intuitive and easy-to-use platform that makes online trading an uncomplicated job.


To get started using the platform, all you need to do is fill out the registration form and provide personally identifiable information. What's great about IQ Option is that you only need a $10 dollar deposit to start using a live account. As soon as you complete the account registration, IQ Option will send you an email about the platform usage outline for beginners.


Regulations

To reinforce the image that IQ Option is a trusted broker, you'll find that they're at a reputable authority. CySEC or its long name "the Cyprus Securities Exchange Commission originated in Europe.

  • Form of trading. Quality, system, and trading context are vital to maximize the possibility to trade
  • Market conditions. Learn about market conditions due to their high level of volatility. For a while the market could have been safe and controlled, but in the next second it could have been a much different condition.
  • Form of trading. Quality, system, and trading context are vital to maximize the possibility to trade
  • Period. Long-term trading and turbo trading (trading for a period of 5 minutes or shorter) presents different types of risks. For example, the charts shown in short-term trading are more likely to be limited.

Binary options itself is an automated trade, meaning here is, any payout received or lost will be automatically debited or credited to the trader's account when the trade expires.

Conclusion – Recommended

We recommend IQ Option because it is an excellent platform that provides users with a wide range of value. This website brings together transparency, functions, and regulations that synergize well with each other.


Trading on your own website on the platform gives you a seamless experience because it's built with an intuitive interface that's easy to navigate. The IQ Option trading platform and application are highly functional for professional traders but maintain simplicity for new users to learn the trading process.


IQ Option is a rising and growing company serving more than 15 million customers and processing over $3 million every day. The website itself also processes about 11 billion dollars each month for trading only and issues payouts of more than 5 million dollars for its users each month.


To get a personal manager on the IQ Option platform, you will be asked to make a deposit of $3000 which may be quite expensive for some people. This website is proven popularity among traders around the world with a small number of customers.


IQ Option is available to 178 countries around the world and provides a comprehensive service for all its users. Traders can trade stocks, Forex, and cryptocurrencies using a platform that gives access to rich resources with a variety of options.

Category Winners

Verdict

It's just that when compared to Olymp Trade then Olymp Trade is superior. In addition to better regulation of Olymp Trade, Olymp Trade also has protection features for novice traders who can determine the maximum trading limit and the maximum loss limit. To make a deposit, Olymp Trade is low from $10 only.

However, when compared to other platforms such as Olymp Trade,olymp trade is definitely better. By regulation, Olymp Trade has been officially regulated by The Financial Commission, while Ayrex has not been officially registered with any regulator. In addition, Olymp Trade mobile app can be easily found on Google Play and App Store, while Ayrex app is only available for Android and currently disappears from Google Play.

 Regulation & Security: 7.7/10
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 Ease of use: 7/10

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 Effectiveness of features: 6/10

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Our Recommended Brokers:

OlympTrade

IQ Option

Binomo

IQ Option has a simple and customizable interface