OctaFX wins ‘Best Global Broker Asia 2022’ award by International Business Magazine

Rick Steves

“When hard work pays off—it’s a feeling of relief as well as tremendous accomplishment.”

Retail FX and CFD broker OctaFX has won the ‘Best Global Broker Asia 2022’ industry award by International Business Magazine, a Dubai-based publication.

The award ceremony will be held on 29 October 2022 in the Atlantis The Palm hotel resort in Dubai, United Arab Emirates.

OctaFX has won more than 50 awards

OctaFX has been collecting awards for years ever, having already won more than 50 since its foundation, including the 2021 ‘Best Forex Broker Asia’ award from Global Banking & Finance Review, the 2021 ‘Best ECN Broker’ award from World Finance, and the ‘Best Mobile Trading Platform 2022’ issued by Forex Brokers Awards.

According to the broker founded in 2011, OctaFX has seen users from 150 countries opening more than 12 million trading accounts, where they have access to educational webinars, articles, and analytical tools for better decision-making when placing trades.

“When hard work pays off—it’s a feeling of relief as well as tremendous accomplishment. Our labour was not in vain; even more, it was appreciated by a very fine magazine that we have cherished and respected since its inception”, said an OctaFX spokesperson.

“We chose OctaFX this year for the most promising investment products, delivering the top of line services to investing clients and partners, and its impressive figures of 12 million trading accounts throughout 150 countries—all of which are a testament to its reliability. Their dedicated and well-intentioned initiatives for financial inclusion across the entire strata of society deserve applause”, said a representative of the International Business Magazine.

The International Business Magazine, which also awarded OctaFX as the ‘Most Secure Broker Indonesia’ this same year, is a research and analytics hub for the financial services and fintech industries.

OctaFX rebranded and cut FX spreads

In its 11th anniversary, OctaFX lowered spreads by 20% on XAUUSD, EURUSD, GBPUSD, USDJPY, GBPJPY, USDCHF, XTIUSD, and US30, as well as by 25% on BTCUSD and ETHUSD.

The trading platform has reportedly executed over 1 billion trades since 2011 and has a strong presence on Youtube to offer education material to more than 600,000 traders. The broker has removed swaps for all clients, added 30 cryptoassets, and supports 28 languages.

OctaFX has now decided to rebrand and adopt a fresh new look, with refined colors, space-inspired elements, and a new logo.

Read this next

Digital Assets

Societe Generale launches its own cryptocurrency, EURCV

French banking giant Societe Generale has launched its own euro-pegged stablecoin, EUR CoinVertible (EURCV). This move by France’s third-largest bank reflects the increasing trend of mainstream financial institutions embracing cryptocurrencies on a global scale.

Executive Moves

Stelios Eleftheriou leaves NAGA Group to join BVNK

BVNK, the crypto-powered payments and banking platform for businesses, has appointed FX industry veteran Stelios Eleftheriou, who has a colorful career across the gaming industry, as Business Development Director (CFD & iGaming).

Retail FX

CAPEX.com introduce ETFs on UAE, Saudi stocks

Abu Dhabi-based broker CAPEX.com has expanded its asset class offerings to include a new suite of Exchange-Traded Funds (ETFs) tailored for the United Arab Emirates (UAE) and Kingdom of Saudi Arabia (KSA) markets.

Institutional FX

Tradeweb Markets surges past $1.80 ADV in November

Tradeweb Markets Inc. (Nasdaq: TW) has reported a total trading volume of $38.2 trillion and a record average daily volume (ADV) of $1.80 trillion for November 2023. These figures mark a 59.2% year-over-year increase.

Inside View

A Mission in Accounting

Ismael Haber, an auditor and accountant, has made it his mission to help businesses improve the quality of their financial information by eliminating fraud and error. In the next five years, the demand for these specific financial services, being external financial audits, forensic accounting, and other fraud preventive and detective services is envisaged to increase.

Institutional FX

CME Group to launch new spot FX marketplace ‘CME FX Spot+’ in 2024

US derivatives exchange, CME Group today announced plans to introduce ‘CME FX Spot+’, a novel spot foreign exchange (FX) marketplace.

Interviews

FMLS:2023: Andrew Mreana provides an exclusive sneak peek into cTrader’s 2024 innovations

cTrader’s focus for the next year would be on developing new tools for Introducing Brokers (IBs) and partners, particularly those related to algorithmic (algo) trading, the company’s head of growth told FinanceFeed in an exclusive interview at the Finance Magnates London Summit 2023.

Digital Assets

Grayscale’s Ethereum ETF stalls: SEC extends review to January 2024

The United States Securities and Exchange Commission (SEC) has extended the evaluation period for Grayscale’s proposed Ethereum spot ETF.

Institutional FX

BMLL completes China equity data offering: Shanghai, Shenzhen, and Hong Kong

“Demand for China data has never been higher. This is set against a general industry trend of increased market participant sophistication, and an increasing demand for quality historic market data to understand market microstructure and venue behaviour. Market participants need to get the full picture of market quality, liquidity and order book dynamics to ultimately make better informed decisions on the markets they trade and the venues they run.”

<