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Do you want to know which is the better broker between Octa and Central Tanshi ?
In the table below, you can compare the features of Octa , Central Tanshi side by side to determine the best fit for your needs.
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of octafx, central-tanshi-fx lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Note: It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.
Registered in | Cyprus |
Regulated by | CYSEC |
Years of Establishment | 5-10 years |
Trading Instruments | 28 Currency pairs, 2 metals, 2 energies,10 indices |
Minimum Initial Deposit | 100 euro |
Maximum Leverage | 1:30 |
EUR/USD Spread | 0.4-0.5 pips |
Trading Platform | MetaTrader 5 |
Deposit & Withdrawal Method | VISA, skrill, Swissquote Bank SA, Rietumu Bank, BlueOrange Bank |
Customer Service | Email, address, live chat |
Fraud Complaints Exposure | Yes |
Negative Balance Protection | Yes |
OctaFX is a Cyprus-based forex broker regulated by the CYSEC. The company offers trading in 28 currency pairs, 2 metals, 2 energies, and 10 indices with a maximum leverage of up to 1:30. OctaFX has only one MetaTrader 5 account type with zero commission and a minimum deposit requirement of 100 euros. Deposits and withdrawals are feasible through a variety of payment methods, with no extra fees charged by OctaFX. Customer support is available through email and live chat, and the broker's correspondence address is in Limassol, Cyprus.
In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.
OctaFX is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, OctaFX acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered.
However, this also means that OctaFX has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with OctaFX or any other MM broker.
Wide range of trading instruments available, including 28 currency pairs, 2 metals, 2 energies, and 10 indices.
Competitive spreads, starting from as low as 0.3 pips, with zero commission charges.
Convenient and feasible payment methods, with no extra fees charged by the company.
MetaTrader 5 platform available for trading, with a user-friendly interface and a variety of features.
Back office support available from 9:00 to 18:00 EET Monday to Friday, and live chat service also provided for customers.
Regulated by the CYSEC, ensuring a high level of safety and security for clients' funds.
Straightforward and detailed website, making it easy for clients to navigate and find the information they need.
Limited educational resources, with only a few calculators available.
No other account types are offered besides the MetaTrader 5 account.
Maximum leverage is relatively low, only up to 1:30.
Limited customer support options, with only email and live chat available.
No physical office or phone support available, which may be inconvenient for some clients.
Limited bonuses or promotions offered compared to other brokers.
No mobile app available for trading, which may be a disadvantage for clients who prefer to trade on-the-go.
OctaFX offers a diverse range of instruments for traders to choose from, including 28 currency pairs, 2 metals, 2 energies, and 10 indices. Traders can access major currency pairs such as EUR/USD and USD/JPY, as well as less commonly traded pairs like USD/TRY and USD/HKD. In addition, OctaFX offers trading in gold and silver, as well as energies such as Brent crude oil and natural gas. Traders can also access indices such as the FTSE 100 and the Nikkei 225. However, OctaFX's instrument selection does have some limitations, such as a limited selection of cryptocurrencies and no individual stock trading available. Overall, the range of instruments offered by OctaFX is competitive, with a strong focus on forex trading.
OctaFX offers a commission-free trading model with a single account type, which can be an advantage for traders who prefer simplicity and transparency. The broker offers competitive spreads for major currency pairs, with spreads for EURUSD ranging from 0.4 to 0.5 pips. In addition, OctaFX provides detailed information on spreads, SWAPs, and stop levels for each trading instrument, which can help traders make informed decisions. Overall, the costs and fees of OctaFX are relatively low, and the broker provides transparency and clarity in its pricing structure.
Regarding the account types dimension, OctaFX offers a single account type using the popular MetaTrader 5 trading platform. This simplicity may appeal to traders looking for an uncomplicated trading experience. Additionally, the absence of commissions and competitive spreads starting from 0.3 pips may result in more cost-effective trading for clients.
However, the single account type may not be ideal for traders looking for more customization, and some may prefer higher minimum deposit requirements for increased credibility and access to additional features.
Advantages | Disadvantages |
Advanced Trading Tools | May be overwhelming for beginner traders |
Flexible Trading Options | No mobile or web-based platforms available |
Customizable Interface | Limited access to third-party plugins and add-ons |
Supports Automated Trading | Limited educational resources for platform-specific features |
Access to Market Depth Information | Limited charting tools and technical indicators |
OctaFX offers the popular MetaTrader 5 (MT5) platform as their sole trading platform. MetaTrader 5 is well-known in the forex industry for its advanced trading tools, customizable interface, and support for automated trading. With MetaTrader 5, traders can access flexible trading options, including access to market depth information, as well as a wide range of trading instruments.
However, the platform may be overwhelming for beginner traders and it currently lacks mobile or web-based platforms. Additionally, while MetaTrader 5 does offer some charting tools and technical indicators, it may be limited compared to other trading platforms. Finally, there is also a limited number of third-party plugins and add-ons available for the platform, and there are limited educational resources for platform-specific features.
OctaFX offers a maximum leverage of 1:30, which can provide traders with the opportunity to potentially increase profits with smaller account balances and take larger positions in the market. However, it is important to note that high leverage can also significantly increase the risk of large losses, especially for inexperienced traders who may be more susceptible to overleveraging and margin calls. It is crucial for traders to use leverage wisely and implement proper risk management strategies to mitigate these risks. Additionally, not all trading instruments or account types may offer the maximum leverage, so traders should be aware of the limitations and requirements for each instrument and account type.
Advantages | Disadvantages |
Various payment methods available | Limited payment options |
Detailed information on deposit and withdrawal | No local payment options |
No extra fees charged | Long processing times for some payment methods |
Quick and efficient processing times | High minimum deposit amount of €50 |
Secure payment options | No cryptocurrency payment options |
OctaFX provides a wide range of payment methods, making it convenient for traders to deposit and withdraw funds. They also provide detailed information on the deposit and withdrawal process, which makes it easy for traders to understand the process. Another advantage is that there are no extra fees charged by OctaFX for any payment method. Additionally, the processing times are quick and efficient. However, the payment options are limited, with no local payment options available. Some payment methods may also have long processing times. The minimum deposit amount of €50 is also relatively high compared to some other brokers. Finally, OctaFX doesn't accept cryptocurrency payments, which might be a disadvantage for some traders.
Advantages | Disadvantages |
Basic calculators | Limited educational resources |
Easy to use | No webinars or tutorials available |
Helpful for beginners | No market analysis or trading ideas provided |
OctaFX has a limited selection of educational resources available for its customers, with only basic calculators provided to help with trading. While these tools may be helpful for beginners, the lack of other educational resources such as webinars, tutorials, market analysis, and trading ideas may make it challenging for more experienced traders to improve their skills and stay up-to-date with market trends. The absence of educational articles or eBooks may also be a disadvantage for traders looking to expand their knowledge and gain a deeper understanding of the market. Overall, OctaFX's educational resources are limited and may not be suitable for traders seeking a more comprehensive learning experience.
However, if you're not limited to their website, you can see more educational resources on their official YouTube channel. Here is a video of a market analysis.
Advantages | Disadvantages |
Multiple ways to contact customer support including email and live chat | No 24/7 customer support |
Back office service available during regular business hours | No phone support |
Physical correspondence address provided for customer inquiries | Limited availability on weekends |
OctaFX provides a range of customer care options for its clients, including email support and live chat. They also offer a back office service during regular business hours for additional assistance. A physical correspondence address is also provided for clients to send inquiries. However, OctaFX does not offer 24/7 customer support and phone support is not available. Additionally, their customer support availability is limited on weekends.
In conclusion, OctaFX is a reputable forex broker that provides traders with access to a wide range of trading instruments, including currency pairs, metals, energies, and indices. The company offers a user-friendly MetaTrader 5 platform, low spreads, and no commissions, which makes it an attractive choice for traders. OctaFX also provides a detailed deposit and withdrawal process with a range of feasible payment methods. However, the company's educational resources are limited, and the maximum leverage offered is relatively low compared to some other brokers. Overall, OctaFX is a reliable option for traders who value a simple and straightforward trading experience.
Question: What trading platforms does OctaFX offer?
Answer: MetaTrader 5s.
Question: What instruments can I trade with OctaFX?
Answer: 28 currency pairs, 2 metals, 2 energies, and 10 indices.
Question: Does OctaFX charge any commissions?
Answer: No, OctaFX does not charge any commissions on trades.
Question: What is the minimum deposit required to open an account with OctaFX?
Answer: 100 euro.
Question: What payment methods are available for deposits and withdrawals?
Answer: OctaFX accepts VISA, Skrill, Swissquote Bank SA, Rietumu Bank, and BlueOrange Bank.
Company Name | Central Tanshi FX Co., Ltd. |
Registered in | Tokyo, Japan |
Regulation Status | Regulated by FSA (Japan) |
Years of Establishment | March 2002 |
Trading Instruments | 10 currency pairs |
Minimum Initial Deposit | No minimum requirement |
Maximum Leverage | Up to 25 times |
Minimum Spread | Variable, as low as 0.1 pips |
Trading Platform | Multiple versions for various devices |
Deposit and Withdrawal Method | Multiple currencies supported, click deposit and transfer deposit |
Customer Service | Online contact form, no phone support provided |
Central Tanshi FX Co., Ltd., headquartered in Tokyo, Japan, has been a key player in the financial services sector since its establishment in March 2002. Specializing in foreign exchange margin trading, the company offers a diverse range of trading services and is regulated by the Financial Services Agency (FSA) of Japan, ensuring strict adherence to financial regulations and consumer protection.
With partnerships encompassing over 20 major financial institutions, Central Tanshi provides traders with access to 10 currency pairs, a maximum leverage of 25 times, and variable spreads tailored to different time periods. Offering multiple trading platforms and flexible deposit methods, it aims to cater to the diverse needs of traders in the dynamic world of foreign exchange.
Central Tanshi is a legitimate financial services company. It is regulated by Japan's Financial Services Agency (FSA), a reputable regulatory body known for its stringent standards. The FSA ensures compliance with financial laws and regulations to protect consumer interests.
Central Tanshis regulatory certificate number adds an additional layer of transparency and trust. While I cannot provide real-time or the most up-to-date information, based on the information available, Central Tanshi does not display the characteristics commonly associated with scam operations.
Pros | Cons |
- Regulated by Japan's FSA | - Limited to 10 currency pairs |
- Multiple trading platforms available | - Lack of detailed customer support info |
- No minimum deposit requirement | - Absence of educational resources |
- Flexible deposit and withdrawal options | - Fees for foreign currency withdrawals |
- 24/7 trading availability for some instruments |
Pros:
Regulated by FSA: Central Tanshi is regulated by Japan's Financial Services Agency (FSA), ensuring adherence to strict financial standards and consumer protection.
Multiple Trading Platforms: The broker offers various trading platforms for different devices, enhancing accessibility and convenience for traders.
No Minimum Deposit: There's no minimum deposit requirement, allowing traders to start with the amount they are comfortable with.
Flexible Deposits & Withdrawals: Central Tanshi supports multiple currencies and offers options for both free click deposits and transfer deposits.
24/7 Trading: Certain instruments are available for trading 365 days a year, 24 hours a day, providing flexibility for traders.
Cons:
Limited Currency Pairs: The offering is limited to 10 currency pairs, which may restrict diversification for some traders.
Customer Support Information: Details about customer support are not provided, leaving traders uncertain about available assistance.
Lack of Educational Resources: The absence of information regarding educational resources may leave beginner traders without valuable learning materials.
Fees for Withdrawals: Foreign currency withdrawals and certain deposit methods may incur fees, impacting overall costs for traders.
Central Tanshi primarily focuses on Foreign Exchange Margin Trading Services. Through its online platform, it offers specific products such as “FX Direct Plus” for discretionary trading and “Central Mirror Trader” for automated trading. These offerings allow traders to diversify strategies and take advantage of market volatility.
The information provided doesn't give specific details about different account types offered by Central Tanshi. However, given that they offer both discretionary and automated trading options, it is possible that they offer different account types to cater to various trading styles.
To open an account with Central Tanshi, you can follow these 3 steps as outlined on their website at https://www.central-tanshifx.com/:
Step 1: Application
Go to the Central Tanshi website and fill in your name and address in the application form.
Review the documents you'll receive as part of your application.
You'll get an email confirming your application.
Step 2: Submit Documents
In the email, you'll find two options for submitting identity documents:
Easy Verification with Smartphone: Open the link on your phone, follow the instructions, and take a photo of your ID.
Upload Verification: Open the link on your PC or smartphone and upload your ID photos as instructed.
Step 3: Account Confirmation
If you used the smartphone method, once Central Tanshi reviews your documents, they'll send you an email with your user ID and password. You can start trading the same day.
If you chose the upload method, they'll send your user ID and password by registered mail to your address.
Log in to your account and complete additional information, like your My Number.
Keep in mind that Central Tanshi may approve or decline your account based on their review.
Central Tanshi offers a maximum leverage of 25 times. This allows traders to control larger positions with a smaller initial investment, potentially amplifying gains. However, higher leverage also increases the risk of significant losses. Clients should be aware that using leverage might increase the volatility of their portfolio, and they should have a comprehensive understanding of the risk associated with leveraged trading.
The company operates with variable spreads that depend on the time of day. During certain hours, spreads can be as low as 0.1 pips for USD/JPY and as high as 16.0 pips for GBP/JPY during other periods. This flexibility allows traders to strategize their trades based on market timing. However, it's crucial to note that wider spreads could eat into profits and make some strategies less viable. No information is available regarding commissions, so traders would need to inquire directly about any additional costs.
Currency Pair | Spread During 4:00 pm to Early Morning | Spread During Other Periods |
USD/JPY | 0.1 pips | 0.2 to 10.0 pips |
EUR/JPY | 0.4 pips | 0.4 to 10.0 pips |
GBP/JPY | 0.8 pips | 0.8 to 16.0 pips |
EUR/USD | 0.3 pips | 0.3 to 10.0 pips |
GBP/USD | 0.6 pips | 0.6 to 16.0 pips |
Central Tanshi provides a versatile trading environment through four different versions of their trading platform: smartphone, PC, iPad, and feature phone. The PC version comes with three additional options, including fast chart Trade Plus and a network trading system. Such diversity in trading platforms ensures that traders can execute orders and manage their accounts from multiple devices, offering flexibility and convenience.
Central Tanshi supports multiple deposit currencies, including Japanese Yen, US Dollar, and more. Deposits can be made via click deposit (free of charge) or transfer deposit (fees borne by the customer). Withdrawals in Japanese Yen are free, but withdrawals in foreign currencies are partly charged. This offers flexibility in currency and funding methods but can incur some costs, especially for foreign clients.
Central Tanshi Co., Ltd. strictly limits its contact options to an online contact form and does not entertain inquiries via phone. It is important to note that Central Tanshi Co., Ltd. operates as a separate entity, and consequently, it does not accept inquiries regarding the company through any means other than the provided online contact form. This approach reflects the company's chosen communication method and should be adhered to for any queries or concerns related to their services or operations.
Central Tanshi offers an extensive range of educational resources to empower traders. These resources encompass a comprehensive market view, informative columns, and educational videos and seminars to enhance traders' knowledge and skills. Access to the latest market information, exchange rates, and currency charts facilitates informed decision-making. Additionally, tools like the swap calendar, economic indicators, settlement date calendar, and FX holiday schedule provide valuable insights into market dynamics.
Furthermore, Central Tanshi equips traders with in-depth market analysis, historical price movements, correlation coefficients for currency pairs, monthly average growth and decline rates, Chicago IMM currency futures position trends, and the historical performance of major economic indicators, policy interest rates, and GDP figures. These educational tools empower traders with the knowledge and data necessary to make informed trading decisions.
In conclusion, Central Tanshi emerges as a regulated and accessible option for foreign exchange margin trading, offering multiple trading platforms, flexible deposit methods, and a 24/7 trading window for select instruments. However, its limited currency pair selection, lack of detailed customer support information, absence of educational resources, and potential fees for foreign currency withdrawals may impact the overall trading experience. As with any financial decision, prospective traders should carefully assess their individual requirements and preferences before choosing to open an account with Central Tanshi, ensuring it aligns with their specific trading needs and objectives.
Q: What regulatory body oversees Central Tanshi?
A: Central Tanshi is regulated by the Financial Services Agency (FSA) of Japan, ensuring compliance with rigorous financial standards.
Q: What is the maximum leverage offered by Central Tanshi?
A: Central Tanshi provides a maximum leverage of 25 times, allowing traders to control larger positions with a smaller initial investment.
Q: Can I trade on Central Tanshi's platform 24/7?
A: Yes, Central Tanshi offers 24/7 trading availability for certain instruments, providing flexibility for traders across different time zones.
Q: Are there any fees for depositing funds into my Central Tanshi account?
A: Central Tanshi offers free click deposits; however, fees may apply for transfer deposits, depending on the chosen method.
Q: How many currency pairs can I trade on Central Tanshi?
A: Central Tanshi offers a total of 10 currency pairs, including both yen currency pairs and cross currency pairs.
Q: Does Central Tanshi provide educational resources for traders?
A: While Central Tanshi offers a wide range of market analysis tools, there is no mention of specific educational resources for traders.
Q: What support options are available if I have questions or issues with my account?
A: Central Tanshi primarily relies on an online contact form for inquiries and does not provide phone support, limiting the available communication channels for traders.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive octafx and central-tanshi-fx are, we first considered common fees for standard accounts. On octafx, the average spread for the EUR/USD currency pair is from 0.3 pips, while on central-tanshi-fx the spread is --.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
octafx is regulated by CYSEC. central-tanshi-fx is regulated by FSA.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
octafx provides trading platform including MT5 account and trading variety including 28 Currency pairs + 2 metals + 2 energies + 10 indices. central-tanshi-fx provides trading platform including -- and trading variety including --.