Octa Broker's Platform Reports Six-Fold Growth as the Year Draws to a Close
Monday,02/12/2024|08:17GMTby
FM
Late in 2022, we at Octa broker introduced OctaTrader, our proprietary trading solution currently available across all platforms.
Today, as 2024 is coming to a close, we are happy to announce that OctaTrader has shown six-fold growth in the number of clients year-on-year.
For many
aspiring traders, starting their journey in the financial markets becomes a
tough challenge. On top of psychological pressure and the inherent complexities
of the decision-making that trading is notorious for, new traders often face
practical issues that create additional cognitive load. For example, the
technicalities related to opening an account with a financial broker, setting
up the trading platform, and establishing an efficient, personalised workflow
while constantly switching between several applications during a trading
session can be time-consuming and tiresome.
Octa's mission as a global broker is to make
trading more accessible and understandable. To achieve this goal, we created
our own trading platform, OctaTrader. It provides a smooth workflow across all
devices so that you can pick up your trading session on mobile from where you
left it off on your desktop. As such, OctaTrader is an all-in-one trading
solution that solves many practical problems emerging traders face and
introduces a more dynamic, personalised, and understandable approach to
trading.
A comprehensive financial ecosystem designed for traders of various
skill levels, OctaTrader consists of four fundamental elements:
●
payments and transactions
●
trading platform
●
Space, an analytical hub within OctaTrader
●
special offers section.
These core pillars of the solution's architecture are integrated within
a single application, which empowers our clients and helps us create a
seamless, secure, and holistic trading experience.
Space: A New Approach to Decision-Making in Trading
In the third quarter of 2024, the OctaTrader team deployed Space, the
analytics hub embedded into the application, for all regions and Octa clients.
Bringing together analytics, education, and decision-making support within a
single toolkit, Space is now an integral part of the OctaTrader's interface.
Space takes data-driven, confident, and innovative decision-making to a new
level, enabling traders to copy ideas and predictions from the curated news
feed to the client's trading chart in a few clicks.
As a modern trading toolkit, Space uses machine learning algorithms to
process historical data and offer analytical predictions. These predictions are
then thoroughly checked and reinforced by Octa's team of highly experienced
expert traders, allowing clients to reduce the excessive cognitive load
associated with decision-making in trading.
Space also provides detailed educational materials for those willing to
dive deep into the intricacies of technical analysis and learn more about
fundamental trading concepts and the workings of financial markets. This
combination of modern technology and human expertise facilitates decision
validation, allowing less experienced traders to navigate financial markets
more efficiently and spend less mental and nervous energy on the way.
Octa's Forward-Thinking Approach
As
seasoned traders know all but too well, a little sometimes goes a long way, and
even marginal differences can make or break a trading session. The same goes
for the e-brokerage sector, where any aspect of a trading platform can tip the
scale when it comes to product offers.
We at
Octa continuously research our clients' needs through in-depth analytics, using
the findings to identify key pain points in traders' experience and drive
incremental improvements in our platform. We envisage OctaTrader as a
dynamically evolving product attuned to current traders' demands. As a result
of this approach, OctaTrader currently offers multiple sources of curated
trading insights and analytical predictions, all available with a few clicks
within the application.
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 used by clients from 180 countries who have opened more
than 52 million trading accounts. To help its clients reach their investment
goals, Octa offers free educational webinars, articles, and analytical tools.
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.
Since
its foundation, Octa has won more than 70 awards, including the ‘Best Forex
Broker 2023’ award from AllForexRating and the ‘Best Mobile Trading Platform
2024’ award from Global Brand Magazine.
For many
aspiring traders, starting their journey in the financial markets becomes a
tough challenge. On top of psychological pressure and the inherent complexities
of the decision-making that trading is notorious for, new traders often face
practical issues that create additional cognitive load. For example, the
technicalities related to opening an account with a financial broker, setting
up the trading platform, and establishing an efficient, personalised workflow
while constantly switching between several applications during a trading
session can be time-consuming and tiresome.
Octa's mission as a global broker is to make
trading more accessible and understandable. To achieve this goal, we created
our own trading platform, OctaTrader. It provides a smooth workflow across all
devices so that you can pick up your trading session on mobile from where you
left it off on your desktop. As such, OctaTrader is an all-in-one trading
solution that solves many practical problems emerging traders face and
introduces a more dynamic, personalised, and understandable approach to
trading.
A comprehensive financial ecosystem designed for traders of various
skill levels, OctaTrader consists of four fundamental elements:
●
payments and transactions
●
trading platform
●
Space, an analytical hub within OctaTrader
●
special offers section.
These core pillars of the solution's architecture are integrated within
a single application, which empowers our clients and helps us create a
seamless, secure, and holistic trading experience.
Space: A New Approach to Decision-Making in Trading
In the third quarter of 2024, the OctaTrader team deployed Space, the
analytics hub embedded into the application, for all regions and Octa clients.
Bringing together analytics, education, and decision-making support within a
single toolkit, Space is now an integral part of the OctaTrader's interface.
Space takes data-driven, confident, and innovative decision-making to a new
level, enabling traders to copy ideas and predictions from the curated news
feed to the client's trading chart in a few clicks.
As a modern trading toolkit, Space uses machine learning algorithms to
process historical data and offer analytical predictions. These predictions are
then thoroughly checked and reinforced by Octa's team of highly experienced
expert traders, allowing clients to reduce the excessive cognitive load
associated with decision-making in trading.
Space also provides detailed educational materials for those willing to
dive deep into the intricacies of technical analysis and learn more about
fundamental trading concepts and the workings of financial markets. This
combination of modern technology and human expertise facilitates decision
validation, allowing less experienced traders to navigate financial markets
more efficiently and spend less mental and nervous energy on the way.
Octa's Forward-Thinking Approach
As
seasoned traders know all but too well, a little sometimes goes a long way, and
even marginal differences can make or break a trading session. The same goes
for the e-brokerage sector, where any aspect of a trading platform can tip the
scale when it comes to product offers.
We at
Octa continuously research our clients' needs through in-depth analytics, using
the findings to identify key pain points in traders' experience and drive
incremental improvements in our platform. We envisage OctaTrader as a
dynamically evolving product attuned to current traders' demands. As a result
of this approach, OctaTrader currently offers multiple sources of curated
trading insights and analytical predictions, all available with a few clicks
within the application.
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 used by clients from 180 countries who have opened more
than 52 million trading accounts. To help its clients reach their investment
goals, Octa offers free educational webinars, articles, and analytical tools.
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.
Since
its foundation, Octa has won more than 70 awards, including the ‘Best Forex
Broker 2023’ award from AllForexRating and the ‘Best Mobile Trading Platform
2024’ award from Global Brand Magazine.
SMX's 1900% Surge Since November Is Not a Momentum Trade; It's Based on Transformative and Deliverable Techology
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Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
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In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
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In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
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Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
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Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
