Octa
Chris Cammack June 13, 2019 08:17 AM
Octa is a good low-cost broker, but it has a few drawbacks. On the one hand, it has very low trading costs, charges no fees for deposits and withdrawals, and offers a great copy trading service — though this is not available on iOS mobile devices. On the other hand, Octa onboard Nigerian traders through its Comoros Union-based entity, which has few regulatory protections. The range of instruments available to trade is also slightly limited compared to other brokers, with 52 Forex pairs, 5 commodities, 10 indices, 150 equities, and 30 cryptocurrencies. If you can look past these issues, you will find an excellent low-cost broker: Octa offers three swap-free accounts with minimum deposits of 25 USD, a slick mobile app, and a good range of trading tools. It also heavily promotes its wide range of bonuses and can offer leverage of 1:500 on Forex pairs.