Industry-leading online trading platform OctaFX has announced dividends for stock derivatives for the month of November.
What is OctaFX?
Octa has been a major player in the online stock and forex trading industry since 2011, offering users the benefit of its decade-long knowledge and insight. Making profitable and efficient trades is no easy feat, which is why Octa’s daily updates and weekly forecasts are so advantageous. Additionally, there are no commission fees, they feature competitive spreads, and users have access to a broad array of educational material to choose from.
As of now, more than 20 million accounts from over 180 countries have been opened on the platform. To ensure its users are as successful as possible, OctaFX brokers provide development resources such as instructional videos, free demo training accounts, and the opportunity to earn bonuses. These materials can help traders hone their skills and stay abreast of the current market trends.
How OctaFX trading stacks up against the competition
One of the first things users note is that the OctaFX app boasts the lowest spreads in the industry. In terms of trading, a “spread” refers to how the buy (offer) and sell (bid) price quotes for an asset differ from each other. Derivatives are priced according to the spread in CFD trading, and a low spread typically represents high liquidity, low volatility, or both. Put simply, a low spread, as offered by OctaFX trading, means there are likely no severe price fluctuations, making trading a more reliable endeavour.
Another factor online traders consider is something called “slippage”. This refers to the situation when the expected price, or the price that traders see while placing their order, and the actual price differ in some way. In rare cases this can result in a beneficial change, but more often than not, it is an unwelcome surprise and a hindrance to the reliability of online trading. OctaFX trading has a track record of 97.5% of all trades being carried out with no slippage. More reliable trading mechanics results in smarter trading in general, putting users in control of their success.
One of the most eye-catching benefits to the OctaFX app is that the platform charges no commissions. This applies to both deposits and withdrawals. Online trading platforms often draw in new users with the promise of huge profits, but lay on hidden fees and surprise charges on the backend. In this regard, OctaFX stands on solid ground as a transparent and budget-friendly trading platform.
Dividend announcement for November
As a general reminder, dividends are directly related to stock trading, where investors receive dividends based on their share ownership in a company. When paying dividends to shareholders, the relevant price reduction is enacted on the ex-dividend date. At OctaFX, any changes to dividends in terms of amount or application are regularly announced.
For the month of November, over 20 instruments’ stock derivatives were adjusted. If a user holds one of these, their account would be credited the dividend amount for “buy” orders or debited it for “sell” orders. Changes such as these are a normal occurrence and are subject to change, but at any rate, traders can always reach out to OctaFX for expert advice and support.
The market is always unpredictable, and sometimes fluctuations in the price of an asset can be too much to handle. That’s where online trading comes in, and that’s where the OctaFX app stands out. If you’re interested in trading online, you have several options. Whether you just want to start buying some stocks to get started, or you want to take your forex trading to the next level, OctaFX has the experience, resources and tools to help put your success in your own hands.