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Chris Cammack is Head of Content at Schlossbrink and is responsible for ensuring our content across all sites meets the exacting standards of quality and clarity that our readers expect; this includes shaping our editorial guidelines to fit the ever-changing world of online Forex trading and ensuring all broker reviews adhere to our strict review process.
Chris joined the company in 2019 after 10 years’ experience in research, editorial and design for political and financial publications. This background has given him a deep knowledge of international financial markets and the geo-politics that affects them. With a keen eye for editing and a voracious appetite for financial and political current affairs, Chris bring a publisher’s sense of precision and accuracy to all the content we produce. Chris has been trading Forex CFDs since 2012 and has a preference for cTrader and ECN brokers; he has found the GBP/USD pair particularly fascinating over the last few years.
Chris Cammack June 13, 2019 08:17 AM
Octa has very low trading costs, charges no fees for deposits and withdrawals, and has a great copy trading service. All Octa clients in South Africa will be trading with Orinoco Capital Pty, which is an FSCA-regulated financial service provider and acts as Octa's intermediary. But, Octa's range of instruments is slightly limited compared to other brokers, with 35 Forex pairs, five commodities, ten indices, 150 equities, and 30 cryptocurrencies. If you can look past the limited range of assets, you will find a low-cost broker with a fairly standard setup: Two accounts with minimum deposits of 25 USD, a slick mobile app, and a good range of trading tools. Octa also heavily promotes its wide range of bonuses, and it can offer leverage of 1:500 on Forex pairs.
Chris Cammack May 8, 2019 08:34 AM
FxScouts does NOT recommend IQ Option due to insufficient regulation IQ Option appeals to beginners with its unique social trading platform, low minimum deposits, and low trading costs. However, IQ option's non-trading fees are high, and its global entity is unregulated. IQ Option offers one live commission-free account with competitive spreads (starting at [fxs-broker-property identifier="eur_usd_spread_smallest_account"] pips on the EUR/USD) and a minimum deposit of only [fxs-broker-property identifier="deposit"] [fxs-broker-property identifier="currency"]. However, while deposits are free, IQ Option charges unreasonably high withdrawal fees and an inactivity fee of 10 EUR (or equivalent) per month after 90 days of inactivity. IQ Option’s global entity is registered in Antigua and Barbuda. IQ Option provides traders with negative balance protection. IQ Option provides little in the way of market research or educational materials, forcing beginners to self-educate elsewhere.
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