We at Octa, a financial broker with globally recognised licenсes, have recently introduced some significant enhancements to our proprietary trading solution, OctaTrader. A comprehensive financial ecosystem designed for traders of various skill levels, OctaTrader consists of four fundamental elements: payments and transactions, the trading platform, an analytical hub called Space, and a special offers section. These core pillars of the solution's architecture are merged within a single application, which empowers our clients and helps us create a seamless, secure, and holistic trading experience.
OctaTrader focuses on facilitating a data-driven and informed decision-making process for each client and each individual trading session. Instead of digging up trading insights from diversified sources, our platform presents a curated and personalised data feed with bespoke analytics within the main application screen. This smooth process leads to a more confident and rational mindset on the part of the traders in regard to placing orders and controlling market movements, which translates into more consistent and profitable sessions.
After continuously researching the needs of our clients, we at Octa use the findings to drive incremental improvements, which makes OctaTrader a dynamically evolving product attuned to current traders' demands.
OctaTrader's advantages over other platforms
OctaTrader doesn't replicate the functionality of traditional trading platforms in terms of the trader's journey. Instead, our solution uses the competitors' experience as a springboard to bring something new to the table.
OctaTrader comes forth as an all-in-one trading ecosystem. Its main advantages include the seamless transition between different phases of the trader's journey, from sign in to financial transactions and from market analysis and gathering insights to order execution. In OctaTrader, all these steps are available within a single multi-purpose application, whereas with other popular solutions, clients often have to register with a financial broker first and only then proceed to create a trading platform account. On top of being more cumbersome, this procedure may introduce additional risks, as the more applications you use, the more potential dangers you incur in terms of compromising your credentials.
Adding to the smooth user flow, trades you open in the app and on the computer screen are automatically synchronised, so you can easily switch between the devices. This cross-device approach allows for enhanced flexibility and better control over the market situation. It also promotes time-efficient trading, which is especially advantageous for those trying to squeeze a brief trading session into their tight daily schedule.
When it comes to trading sessions, OctaTrader offers a comprehensive, beginner-friendly experience and takes an extra step in terms of functionality. For example, the solution allows users to show their open orders on the chart and save charts and drawn layouts for backtesting.
Our solution boasts transparent deposit, withdrawal, and transfer of funds procedures. We at Octa use the best compliance practices and ensure strict user verification to safeguard our clients' personal data from any security risks and avoid malpractices.
Space: a personalised data feed incorporated in OctaTrader
Aiming for the holistic and data-driven trading, OctaTrader empowers traders by introducing Space, a customisable analytical hub embedded into the trading platform. Implemented in the form of a data feed, Space contains a regularly updated assortment of timely insights and tips for the tradable instruments that the client is most interested in.
Curated by Octa's in-house expert analysts, Space allows traders to validate their ideas by comparing them with expert predictions. With user reactions already deployed and social interactions close at hand, the OctaTrader's analytical hub empowers traders by giving them confidence and reinforcing their choices. Space is a highly efficient tool to streamline the decision-making process, which for many traders appears to be one of the most problematic bottlenecks in their journey.
Space currently offers 24/7 analytical support for eight currency pairs: BTСUSD, XAUUSD, EURUSD, USDJPY, USDCAD, GBPUSD, AUDUSD, and GBPJPY. Octa has already announced the incoming enhancements of this tool, including better social interactions and a wider asset pool.
Conclusion
Positioning itself as a dynamically evolving product, OctaTrader currently features more than 80 tradable instruments, including currencies, indices, precious metals, commodities, and cryptocurrencies, with stocks to come soon. The solution successfully implements some less common yet valuable features, including saving and revisiting historical charts and drawings, partial order closure, price alerts, and even one-touch trading for those preferring scalping over other trading styles.
New OctaTrader features and improvements are deployed at least twice a month. By signing up, you are joining a vibrant trading community with extensive expertise and becoming a part of the continuously developing OctaTrader project.
About Octa
Octa is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and a variety of services already utilised by clients from 180 countries with more than 42 million trading accounts. Octa's free educational webinars, articles, and analytical tools help clients reach their investment goals.
The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.
Octa has won more than 70 awards since its foundation, including the ‘Best Educational Broker 2023’ award from World Business Outlook and the ‘Best Global Broker Asia 2022’ award from International Business Magazine.
