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GBP/USD deflates to 1.5130 on UK data

FXStreet (Edinburgh) - The sterling is losing its shine during the European morning, now dragging GBP/USD to the 1.5140/30 area.

GBP/USD weaker on UK job figures

The pair has surrendered part of the initial strength after UK’s Claimant Count Change has increased by 3.3K during October vs. 1.5K expected and 0.5K previous. Further data saw the unemployment rate ticking lower to 5.3% in September while Average Earnings have come in below expectations.

Ahead in the session, the pound will remain under pressure in light of the speech by Governor M.Carney, while the renewed dovish stance from the BoE at its meeting last week still lingers over the markets.

GBP/USD levels to watch

At the moment, the pair is advancing 0.17% at 1.5143 facing the next resistance at 1.5204 (38.2% of 1.5496-1.5023) followed by 1.5233 (7-month uptrend prev. support now resistance) and then 1.5314 (55-day sma). On the other hand, a break below 1.5023 (low Nov.6) would aim for 1.4948 (low Jan.23) and finally 1.4563 (2015 low Apr.13).

Your funds will always be secure with OctaFX!

Our client's funds security is our top priority. With OctaFX you can be absolutely sure your deposits are secured in every possible way. Here are some of the measures we take to ensure funds protection:

Segregated Accounts

In accordance with international regulation standards, OctaFX uses separate accounts to keep protected customers' funds segregated from the company's balance sheets. This keeps your funds secure and untouched.

SSL-protected Personal Area

We use highly secure technology to protect your personal data and financial transactions. SSL-secured Personal Area is protected with 128-bit encryption, which makes your browsing safe and your data inaccessible to any third parties.

Account verification

OctaFX recommends you to verify your account by submitting your personal ID scan and an address proof. This simple measure will make sure your transactions are authorized and secured.

Secure withdrawal rules

Since a withdrawal from a live account requires an email confirmation, no one can ever access your account but yourself. It is also required that you use the same payment details for deposits and withdrawals. Thus, under no circumstances can OctaFX transfer your withdrawal to an unauthorized third party.

3D secure Visa/Mastercard authorization

We apply 3D secure technology when processing credit and debit cards. This technology makes all Visa/Mastercard transactions transparent and safe.

Advanced protection

The OctaFX technical environment is monitored 24/7 by a dedicated team of highly professional security engineers and technical specialists. They have developed and maintain top level protection, so any data loss, damage or other technical issues are highly unlikely.

Our Round 44 OctaFX Champions talk about their key to success!

The winners of our Round 44 OctaFX Champion demo contest have already shared their stories of success with us! It’s always inspiring to get the view of the contest from the leaders themselves, so, we can’t wait to offer you to enjoy the experience and impressions of our champions. Read, learn, show your best trading strategies and next success story might be about you! Let us remind you the names of the winners of round 44:6

1st place with the award of 500 USD goes to Mr. Alexey Melnikov from Kazakhstan
2nd place with the award of 300 USD goes to Mr. Supriadi SH from Indonesia
3rd place with the award of 100 USD goes to Mr. Alfi Hendri from Indonesia
The last runner in the contest, Mr. Srini Vasa from India is granted 100 USD

1st place – Mr. Alexey Melnikov from Kazakhstan

Thank you very much OctaFX, I'm very happy to win this contest. I tried my best, firstly, I was on the 3rd place, but then the other two participants were disqualified...so, never give up, I'm very happy now. I didn’t spend too much time to succeed in this competition, only the last day was rather involving. I haven’t decided yet about my participation in other OctaFX contests, probably, I will try. My recipe to success is be risky! I wasn't better than other traders, but I was risky, my last deal was perfect, big volume - big profit. Practically, these factors determined my victory! My main strategy was to predict reverses and follow a trend. To tell the truth, my biggest profit is winning in this competition, because I am only doing my first steps, I’m just learning. So, my win could become a great inspiration to newcomers!

2nd place – to Mr. Supriadi SH from Indonesia

I am very happy to stand second on the list of the OctaFX Champion demo contest. I have never thought that I would become a winner! Talking about my involvement in the contest I can’t say that I spent too much time - only a few minutes and not even every day. Moreover, I think that the time has come and I will definitely participate in the other contests and promotions of OctaFX. Frankly, the key to my success is very simple - observe market movements and when the current market situation is good, enter the market! I used no particular strategy, my advice is just to learn and learn to trade Forex on a regular basis. I want to repeat that I am satisfied enough to be the second in this race, which I have never imagined! What I like most is that I have never experienced substantial losses. I believe, it might require more than a year to become a good trader.

3rd place – to Mr. Alfi Hendri from Indonesia

I was very thrilled during this round of the contest and I would like to thank OctaFX for providing us with such a competition! I devoted only some time to the contest, actually, I traded when I was not busy. I am very excited about the OctaFX promotions and I will continue to participate in any of them. My successful trading is based on three elements: patience, discipline and time management. I developed and followed my own plan and used the existing techniques. Honestly speaking, I made quite a big profit, my loss is small compared to my gain. I believe that it takes about 5 years to become a good trader. To my mind, if you want to gain success, improve yourself every day!

We would like to thank the traders for sharing their success stories, as well as all traders who have participated in the competition. We hope that these stories got you inspired! Join our next round registration for the contest to become a champion and find your story in our news! Next round is yet to come and open for all participants!

Be the Champion with OctaFX!

You can now trade at OctaFX using
Metatrader 4 web-platform!

OctaFX presents to you MT4 web-platform that allows you to trade from any browser on any operating system with a well-known interface of a desktop Metatrader 4 platform. All major tools are available including one click trading and chart trading.

Trading becomes more accessible every day and OctaFX MT4 web-terminal adds a token to that progress. Metatrader 4 web-platform is easy to use – you don’t have to download and install the software to enjoy the most widespread software used for trading.

What features are available in the web version on the MT4?

• One click trading
• Chart trading
• History of trading operations
• Graphical objects
• Full set of trading orders: close by, multiple close by, stop loss/take profit
• 9 timeframes
• Technical analysis tools: Fibonacci Retracement, Equidistant channel
• Full screen option
• All three types of charts: line, bar and candlestick. Charts are also customisable.
• Several major languages support including English, Indonesian, Malay, Portuguese, Chinese and Spanish.
• Interface mirrors a desktop version of the Metatrader 4

Moreover, you can trade in any browser on any operating system (Windows, Mac, Linux) which means users of Mac and Linux systems do not have to look for alternative solutions any longer!

Click here to access our trading terminal and don’t forget to bookmark this page!

Contact our award-winning customer support in case you have any questions, we are always ready to help!

Trading season is on!
OctaFX announces new demo contest!

OctaFX Southampton Supreme Game demo contest is here!
We’ve developed a new trading demo contest dedicated to our partnership with Southampton FC!
It lasts for 90 minutes and brings you unlimited prize fund! Exciting? See for yourself:

Upon registering you’ll receive a notification with your account credentials, and 10 minutes before the game you’ll be assigned to one of two teams: Southampton FC or OctaFX United.

Trade to double your equity and score goals for your team! Best three players of each team are rewarded with a prize fund and each goal-scorer gets additional $10:

However, that’s only a set-up: for this contest we offer you a life feed of what’s happening on the field and you can show this streaming to everyone! Our contest platform will allow you to track the progress of the match, see how your team is doing and many more! See how it works here. Every match takes place each Monday at 14:00 Server time, so don’t miss your chance to play like a pro!

See you at OctaFX Stadium!

Stay updated with OctaFX and the latest Forex news!



GBP/USD remains vulnerable – Commerzbank

FXStreet (Edinburgh) - In the view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair remains vulnerable after being rejected from the 1.5340 area.

Key Quotes

“GBP/USD’s burst higher has been thwarted by the 200 day ma at 1.5341and is back under pressure. We look for the correction higher to have terminated at 1.5337. Resistance above here intensifies we have the 1.5397 resistance line then the 1.5515 October high”.

“Below 1.5107 (October low) is needed to refocus attention on the downside towards 1.5020/00 and below 1.5000 will target initially the 1.4860/78.6% retracement of the move up from April. This is regarded as the last defence for the 1.4568 April low”.

US Thanksgiving Trading Schedule 2015

OctaFX would like to inform you about the changes in trading hours of XAU/USD and XAG/USD during US Thanksgiving holiday period: November 26th and November 27th. Trading closes Thursday, November 26th, 2015 at 20:00 (EET, Server time). The next day Friday, November, 27, trading closes at 20:45 EET (Server time). Please, consider the following schedule while planning your trading.

For your convenience, we provide you with this timetable:

We would like to remind you that according to the standard OctaFX operating hours trading on XAU/USD and XAG/USD opens at 01:00 EET.

Please, consider the fact that any open trades upon closure of trading hours will be rolled into the next day.

We would like to apologize for any inconvenience caused. Please, contact our Customers Support in case you have any questions. If any failures occur, please report immediately to [email protected]

Thank you for choosing OctaFX as your top-notch Forex Broker.

OctaFX introduces local bank deposits option in Malaysia!

OctaFX is glad to announce the launch of another convenient deposit option for our clients. We are ready to announce that Malaysian customers can now use local banks for making deposits! From now on you can easily deposit and withdraw funds from your account via local banks in Malaysia, namely Maybank and CIMB Bank.

Follow these steps and enjoy the advantages of local deposits option:

• Open a real OctaFX account and log in to your Personal area
• Make a transfer to OctaFX bank account
• Create a deposit request in your Personal Area
• Wait until the request is proceeded
• Done, your account is credited!

We are glad to make deposit and withdrawal process easier for our clients from Malaysia! All the payments have the conversion rate provided by the Central Bank of Malaysia, we do not charge any additional fees while the minimum deposit amount is only 5$!

Contact us in case you have any questions!

OctaFX wishes you good luck and profitable trading!

Local banks deposits are now available
for our Pakistani clients

OctaFX is excited to announce a deposit option that was highly requested by our Pakistani customers. We’ve recently launched Pakistani local bank deposits, and you are free to deposit and withdraw your funds easily using the following banks:

• Soneri Bank (SBL);
• Standard Chartered Bank (SBC);
• United Bank Limited (UBL).

Here is a detailed instruction how to deposit your account:

1. Open a real OctaFX account.
2. Log in to your personal area.
3. Choose Pakistani banks in the “Deposit my account” section.
4. Choose “Wire the funds” and find OctaFX bank details.
5. Make a transfer to OctaFX bank account.
6. Press the “Notice after transfer” button.
7. Create the “Notice” and specify the amount of the deposit, your payment method, time of payment and your bank name.
8. Press the blue “Request” button.
9. Wait until the request is processed.
10. Done, your account is credited!

We offer the best exchange rates provided by the State Bank of Pakistan. We would like to remind you that we charge no commissions! The minimum deposit amount is only 5 USD.

Contact us in case you have any queries.

Thank you for trading with OctaFX!

Meet newly announced Round 30 cTrader weekly demo contest winners!

One more round of cTrader weekly demo contest is over, and we are happy to greet our 5 lucky winners! These traders know perfectly well how to operate on cTrader platform, so, they managed to break away by showing their diverse trading skills. If you want to become one of OctaFX winners, simply register for a new round and try your best - we are always glad to see new participants!

Our Round 30 winners have been awarded with the regular prizes of cTrader weekly demo contest:

1st place with the award of $150 goes to Mr. Abdul Qodir from Indonesia
2nd place with the award of $100 goes to Mr. Imam Mustaqim from Indonesia
3rd place with the award of $75 goes to Mr. Roman Volokhov from Ukraine
4th place with the award of $50 goes to Mr. Imam Sugiono from Indonesia
5th place with the award of $25 goes to Mr. Saiful Islam from Bangladesh

We thank all traders for participating in our cTrader Weekly demo contest, and we hope that you have enjoyed it. We would like to cheer up all traders who have participated in the contest and don’t see themselves among winners. You have a great opportunity to show your abilities in our next round. Register now, and explore all advantages of cTrader Weekly demo contest. We cannot wait to reward our new champions. Good luck to the next round participants!

Explore cTrader platform with OctaFX on demo accounts and be prepared for a real trading!