You Asked: How to trade at OctaFX Indonesia?
OctaFX is one of the world’s most popular retail trading brokers. It has been in business since 2011 and is committed to adding more features and functions to its multiple trading platforms every year.
In addition to the multiple Tier-1 licences this broker holds across the world, you can rest assured that the Bank of Indonesia also keeps a very watchful eye on the world of trading and the activities of those brokers who offer services to Indonesian citizens.
Opening an account with OctaFX is straightforward, you only need to provide your full name, a valid e-mail address and create a suitably strong password. Alternatively, you can sign up using a Facebook or Google account instead.
For those of you who are required to follow the confines of Islamic religion, OctaFX has a 100% Shariah-compliant account option, which you can invoke with one click, simply by checking the ‘Swap-Free’ box when you sign up. This option is available for all three account types.
A great feature is that multiple demo accounts are permitted and you can run them alongside, as and when you decide to move on to trading with real money. There is even a monthly contest for demo account holders, with prizes ranging from $500 cash and even luxury vehicles on occasion.
A live account can be opened with as little as $50 and there is no minimum amount per trade. Deposits in your local currency are free and each deposit will earn you a 50% bonus. Terms and conditions for bonuses vary a little between account types and all are made clear on the broker’s website.
Once you have opened an account and chosen a platform, you can select from a whole host of assets including Forex pairs, cryptocurrencies, CFDs and indices. Many underlying assets are specifically relevant to the Asia-Pacific market, which makes trading more personalised. Your trading experience will also benefit from access to copy trading and free use of ‘Autochartist’ software.
This broker also has a dedicated customer support office, based in the city of Jakarta, with Indonesian-speaking staff who can be contacted 24/7.
Staff members are all knowledgeable, friendly and happy to answer any questions you may have that cannot be answered from the extensive material; available on the main website.
Jessica has written for us for 5 years and offers a unique perspective due to her having worked in the financial industry internationally. In fact, Jessica has worked in a staggering 8 countries including Germany, China and the USA.
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