Accounts & headline costs
Sections ↑Account and service routes at a glance
| Account / service | Contract and customer scope | Platform and principal condition |
|---|---|---|
| Level 1 | Octrado Ltd. — Eligible non-EU residents; country restrictions apply; retail clients | MetaTrader 5. Variable pricing.Source 2Source 3Source 32Source 30Source 31 |
| Level 2 | Octrado Ltd. — Eligible non-EU residents; country restrictions apply; retail clients | MetaTrader 5. Variable pricing.Source 2Source 32Source 30Source 31 |
| Level 3 | Octrado Ltd. — Eligible non-EU residents; country restrictions apply; retail clients | MetaTrader 5. Variable pricing.Source 2Source 32Source 30Source 31 |
| Level 4 | Octrado Ltd. — Eligible non-EU residents; country restrictions apply; retail clients | MetaTrader 5. Variable pricing.Source 2Source 32Source 30Source 31 |
| Level 5 | Octrado Ltd. — Eligible non-EU residents; country restrictions apply; retail clients | MetaTrader 5. Variable pricing.Source 2Source 32Source 30Source 31 |
| Level 6 | Octrado Ltd. — Eligible non-EU residents; country restrictions apply; retail clients | MetaTrader 5. Variable pricing.Source 2Source 32Source 30Source 31 |
| Level 7 | Octrado Ltd. — Eligible non-EU residents; country restrictions apply; retail clients | MetaTrader 5. Variable pricing.Source 2Source 32Source 30Source 31 |
Octrado is the current trading identity reached from Gulf Brokers. This profile covers the Seychelles offer of Octrado Ltd. Account benefits are organised into seven deposit levels, and several public pages disagree on important details. The relevant differences are identified alongside each feature.[1][32]
Trading levels across the account range
| Attribute | Level 1 | Level 2 | Level 3 | Level 4 | Level 5 | Level 6 | Level 7 |
|---|---|---|---|---|---|---|---|
| Qualifying deposit, USD | 0 on Levels page; 1,000 on Costs page | 10,000 | 50,000 | 100,000 | 250,000 | 500,000 | 1,000,000Source 2Source 3 |
| Maximum advertised spread discount | None | 10% | 20% | 30% | 40% | 50% | 75%Source 2 |
| Advertised commission benefit | None | 10% reduction | 30% reduction | 30% reduction | 60% reduction | 60% reduction | Zero stock/ETF commissionSource 3 |
| Advertised bonus rate | Program access; no rate specified | 10% | 25% | 50% | 75% | 100% | 200%Source 2 |
| Platform | MT5 | MT5 | MT5 | MT5 | MT5 | MT5 | MT5Source 9 |
Account structures and eligibility
| Structure | Published position | Practical distinction |
|---|---|---|
| Standard | Seven levels | ECN/Raw contract unverified.Source 2 |
| Swap-free treatment | Application and company approval required | Administration fee applies from the first overnight rollover.Source 11 |
| Demo | Practice access is advertised | Virtual results do not establish live execution or withdrawal performance.Source 1 |
| Residence restrictions | Website excludes EU residents and other named jurisdictions | Eligibility must be confirmed for the applicant’s residence and contracting entity.Source 31 |
FX prices published as typical: dated reference, not a measured average
| Instrument | Level 1 spread | Level 7 spread | Contract per lot | Smallest trade | Maximum leverage |
|---|---|---|---|---|---|
| EUR/USD (EURUSD.) | 1.2 pips | 0.3 pips | 100,000 EUR | 0.01 lot | 1:500Source 4 |
| USD/JPY (USDJPY.) | 1.3 pips | 0.7 pips | 100,000 USD | 0.01 lot | 1:500Source 4 |
| GBP/USD (GBPUSD.) | 1.0 pip | 0.4 pips | 100,000 GBP | 0.01 lot | 1:500Source 4 |
| EUR/GBP (EURGBP.) | 0.9 pips | 0.3 pips | 100,000 EUR | 0.01 lot | 1:500Source 4 |
Products & platforms
Sections ↑Markets and the exposure actually offered
| Market | Examples or scope | Ownership / contract distinction |
|---|---|---|
| Foreign exchange | Major, minor and exotic pairs | Leveraged currency CFDs.Source 4 |
| Commodities | Gold, silver, crude oil, industrial metals and agricultural contracts | Check the exact symbol; spot-style and expiring contracts have different financing/rollover treatment.Source 5 |
| Equity indices | US, European and Asian index references | CFD exposure rather than an exchange-traded index fund holding.Source 8 |
| Shares | US and multiple European/Asian/Middle Eastern markets | Current instrument pages identify stock CFDs; do not assume custody or shareholder voting rights.Source 6Source 19 |
| ETFs | Examples include VOO, GLD, IBIT, QLD and inverse/leverage-linked funds | ETF CFDs with up to 1:10 leverage; IBIT exposure does not establish direct cryptocurrency ownership.Source 7 |
Gold and oil specifications: quote currency and contract size
| Exact symbol | Level 1 spread | Level 7 spread | One lot represents | Minimum / leverage |
|---|---|---|---|---|
| XAUUSD. | USD 0.40 per troy ounce | USD 0.22 per troy ounce | 100 troy ounces | 0.01 lot; up to 1:500Source 5 |
| XAGUSD. | USD 0.030 per troy ounce | USD 0.012 per troy ounce | 5,000 troy ounces | 0.01 lot; up to 1:250Source 5 |
| USWTI | USD 0.043 per barrel | USD 0.013 per barrel | 1,000 barrels | 0.01 lot; up to 1:33Source 5 |
Platform capabilities and permission boundaries
| Facility | Published capability | Qualification |
|---|---|---|
| MT5 desktop, web, mobile | Account access, charts and execution | Check the actual installation and server for your account.Source 9 |
| Orders | Market, pending and protective orders; trailing stops; partial closes | Product and execution-policy restrictions still apply.Source 9Source 16 |
| Automation | MQL5, robots, indicators, tester | Robots require prior written approval: Schedule 1§11.Source 9Source 15 |
| Signals and marketplace | Platform-level copy/strategy functions are advertised | A platform feature does not establish availability of a particular managed service.Source 9 |
Fees & holding costs
Sections ↑Stock and ETF commissions: charge on each side
Worked cost illustrations with stated assumptions
| Example | Calculation | Result / exclusions |
|---|---|---|
| Gold,0.10 lot, Level 1 | 10 ounces × USD 0.40 quoted spread | USD 4 spread reference.Source 5 |
| Gold,0.10 lot, Level 7 | 10 ounces × USD 0.22 quoted spread | USD 2.20 spread reference.Source 5 |
| USWTI,0.10 lot, Level 1 | 100 barrels × USD 0.043 quoted spread | USD 4.30 spread reference.Source 5 |
| US stock CFD, USD 5,000 each side | USD 5,000 × 0.10% ×2 | USD 10 commission if opening/closing notionals match.Source 6Source 3 |
Latest available swap schedule: updated 5 October 2026
| Instrument | Unit | Long | Short |
|---|---|---|---|
| EURUSD. | Points per lot | -6.7337 | +2.1411Source 17 |
| USDJPY. | Points per lot | +6.4292 | -16.1816Source 17 |
| GBPUSD. | Points per lot | -2.4140 | -0.7970Source 17 |
| XAUUSD. | Points per lot | -66.1584 | +25.3422Source 17 |
| USWTI | Points per lot | +57.5406 | -121.1480Source 17 |
| Listed stock CFDs and ETFs | Annual percentage | -6% | -1%Source 17 |
Holding-cost mechanics
| Item | Published treatment | What remains account-specific |
|---|---|---|
| Weekly swap pattern | Single Monday, Tuesday, Thursday, Friday; triple Wednesday; zero Saturday/Sunday | The broker states this MT5 pattern; confirm the selected symbol and holiday changes.Source 10 |
| Point-based swap | Rate × point value × lots × rollover multiplier | Point size, conversion and live swap quote.Source 3 |
| Annual-percentage financing | Notional × annual rate /360 × multiplier | Direction, actual holding days and currency conversion.Source 3 |
| Swap-free website | Administration fee from first rollover | Complete fee/symbol schedule not published.Source 11 |
| Swap-free contract | §10.20 limits swap-free to 30 calendar days, then swap/storage | Reconcile with the website’s first-night administration fee before holding positions.Source 15Source 11 |
Inactivity, currency and account status
| Item | Established condition | Separate unresolved issue |
|---|---|---|
| Maintenance | Possible USD 10/equivalent after one month without deposit, withdrawal or trading, if funded | Recurring frequency unspecified; a monthly repeat is not established.Source 3 |
| Dormancy / archiving | No automatic one-month account closure established | Deactivation, balance retention and reactivation timetable require confirmation.Source 29 |
| Conversion | Different-currency funds may be converted | No fixed markup verified.Source 3 |
Execution & trading rules
Sections ↑Execution and risk controls
| Control | Published rule | Trading implication |
|---|---|---|
| Execution | Policy: market orders. Agreement: instant/requotes. | Confirm MT5 mode.Source 16Source 15 |
| Slippage and stops | Positive/negative slippage possible; stop orders can fill at the next available price | A stop-loss price is not a guaranteed exit price.Source 16 |
| Margin warning | 50% margin level; platform warnings only for logged-in clients | Do not rely on an email or telephone warning being sent.Source 10 |
| Automatic liquidation | Conditions: 30%; Agreement §10.23/Schedule 1 §9.8: 50% | Material conflict; confirm the account’s stop-out setting.Source 10Source 15 |
| Negative balances | Execution policy makes deficits immediately payable by the client | No general negative-balance protection should be assumed.Source 16 |
Published sessions and expiry handling
| Instrument / event | Published time or rule | Important limit |
|---|---|---|
| FX | 24-hour sessions; Friday closes23:00 | Website labels times CET/server time; verify current DST and holidays.Source 4 |
| XAUUSD. / XAGUSD. | 00:01–22:59 | Published CET/server-time schedule.Source 5 |
| USWTI | 00:05–23:00 | Published CET/server-time schedule.Source 5 |
| US shares and listed US ETF CFDs | 15:30–22:00 | Published CET/server-time schedule; exchange holidays can alter access.Source 6Source 7 |
| 15 minutes before relevant contract expiry | New positions disabled; closing only | Applies to the broker’s rollover process.Source 10 |
| 10 minutes before relevant contract expiry | Pending orders, including SL/TP, are cancelled | Recheck protective orders after rollover.Source 10 |
When the platform, internet or power fails
| Question | Documented answer |
|---|---|
| Instruction route | §9.4: phone/email instructions; unclear requests may be rejected.Source 15 |
| Published customer contacts | +442045789301; [email protected].Source 24 |
| Dedicated dealing desk | No separately verified emergency-dealing number or service hours.Source 24Source 29 |
| Before relying on the route | Confirm accepted actions, identity checks and receipt procedure.Source 24 |
Deposits, withdrawals & transfers
Sections ↑Funding routes supported by current public instructions
| Route | Currency | Evidence and constraint |
|---|---|---|
| Bank wire | USD | Dedicated broker-hosted instructions; bank fees possible.Source 25 |
| Bank wire | EUR | Separate transfer instructions published.Source 26 |
| Bank wire | AED | Separate transfer instructions published.Source 27 |
| Cash / cheque | Not accepted in wire instructions | A wire guide does not establish other deposit channels.Source 25 |
| Cards / e-wallets / crypto | No complete current public method matrix verified | Confirm available methods, limits and reversibility in the client portal.Source 29 |
Withdrawal eligibility and processing
| Control | Published condition |
|---|---|
| Withdrawal | Signed request; sufficient free margin and no resulting margin call.Source 15 |
| Recipient | Third-party payments prohibited; return to the original source where possible.Source 21 |
| Fees | No broker deposit/withdrawal fee on current Costs page; third-party fees may apply.Source 3 |
| Timing | No fixed deadline verified; payment checks may delay.Source 15 |
| Bonus-linked withdrawal | Credit cancellation can change margin; see the 10% bonus table in Additional services.Source 12 |
Protection & regulation
Sections ↑Regulatory evidence and the scope it supports
| Evidence | Finding | Boundary |
|---|---|---|
| Official Seychelles FSA register | Octrado Ltd. listed under Capital Markets; trade names Alpho and Octrado | The current record links all three websites, including Gulf Brokers.Source 32 |
| Licence scan dated5 August 2026 | Securities Dealer SD013; Octrado Ltd. trading as Alpho and Octrado | Broker-hosted copy inspected visually; paired with official register evidence.Source 30 |
| Company registration | 8417634-1 on current legal footer | Company registration is separate from the securities-dealer permission.Source 31 |
| Other countries | No FCA/CySEC/ASIC permission established for this particular counterparty | Other brands or similarly named Gulf entities must not be substituted.Source 31Source 32 |
Client money, insurance and compensation
| Layer | What the evidence establishes | Remaining limit |
|---|---|---|
| Client funds | Separate records; omnibus custody possible. | Bank-insolvency risk remains.Source 15 |
| Negative balance | Client liable for deficits under execution policy. | No broad negative-balance protection established.Source 16 |
| Private insurance | No current certificate verified. | Client/aggregate limits, excess, insured losses and dates remain unverified.Source 29 |
| Compensation scheme | No applicable guaranteed payout amount established. | A dealer licence is not evidence of a deposit guarantee or private insurance policy.Source 31 |
Complaints and external escalation
| Stage | Published route / timing | Scope |
|---|---|---|
| Internal submission | Send a written complaint with account details, chronology and evidence to Compliance. | Broker procedure also publishes [email protected].Source 23 |
| Acknowledgement / response | Acknowledgement within 5 business days; target response 3 weeks/21 days. | Longer investigations receive a holding response; stated outcome target is within one month of that response.Source 23 |
| FSA escalation | Official FSA page requires allowing 21 business days for the provider’s determination. | Submit proof of prior complaint and relevant supporting documents.Source 33 |
| Conflicting external wording | Broker PDF refers to a Seychelles financial ombudsman; applicability was not independently confirmed. | Use the current official FSA complaint guidance for the verified regulatory route.Source 23Source 33 |
Opening an account & support
Sections ↑Account opening and verification
| Requirement | Published position |
|---|---|
| Identity and residence | Identity and address are verified for each client.Source 21 |
| Source of funds / wealth | Employment and income checks may support the funding review.Source 21 |
| Enhanced due diligence | Additional documentation may be required where risk is higher.Source 22 |
| Third-party funding | Prohibited; use an account in the verified client’s own name.Source 21 |
| Restricted residents | Website lists EU residents, Russia and additional excluded jurisdictions; list is not represented here as exhaustive.Source 1 |
Current published contacts
Scope General customer-service line; not independently confirmed as dedicated dealing desk.
Scope Payment enquiries; do not send funds solely on an unsolicited email instruction.
Service availability and evidence
| Measure | Value | Context |
|---|---|---|
| Support availability | Company describes support on business days; precise emergency hours were not verified. | Source 28 |
| Service testing | Public-document research only; no account, payment, support or execution tests. | Source 29 |
Additional services
Sections ↑10% bonus: credit versus withdrawable money
| Condition | Rule in the inspected 10% agreement |
|---|---|
| Eligibility | Discretionary approval; one bonus account per client.Source 12 |
| Cash release | Required traded USD notional equals bonus × 10,000; USD 2000 requires USD 20 million.Source 12 |
| Early withdrawal | Own funds may be withdrawn; entire bonus cancelled before turnover is met.Source 12 |
| Internal transfer | Counts as a withdrawal; bonus is not transferable.Source 12 |
| Low cash equity | Before required turnover is met: credit removed if equity minus active bonus is zero or below; stop-out may follow.Source 12 |
| Release procedure | Email request after qualification; company may wait for positions to close/settle.Source 12 |
| Cap | USD 100000/equivalent per client under this agreement.Source 12 |
| Current higher tiers | Complete current 25%, 50%, 75%, 100% and 200% offer terms are not established by this 10% document.Source 2Source 12 |
Interest on free funds
| Feature | Current published term | Qualification |
|---|---|---|
| USD / EUR rate | 2.95% /1.75% annually | Website labels APY; contract says p.a. Confirm rate convention before projecting returns.Source 13Source 14 |
| Balance basis | Free margin assessed daily at 00:00:00 | Time zone and day-count basis are not specified in the inspected terms.Source 14 |
| Payment | Monthly, during first calendar week of following month | Daily and monthly amounts round upward to two decimals; credits add to subsequent free margin.Source 14 |
| Joining | Automatic for qualifying agreements from 1 June 2026; earlier clients request through platform | Email opt-out is allowed.Source 14 |
| Suspension / tax | Company can suspend with notice; accrued interest remains payable | Applicable withholding may be deducted.Source 14 |
| Limits / access | Website advertises no balance ceiling or program lock-in | General margin, KYC and bonus conditions can still affect withdrawals.Source 13 |
Copy trading, authorised managers and disconnect responsibility
| Service / event | Established detail | Unresolved operational point |
|---|---|---|
| Social Trading | Automatic copying; master-specific fees. | Confirm providers.Source 15 |
| Master removed | New copies may stop without notice. | Existing orders unspecified.Source 15 |
| Client disconnects | Exit handling incomplete. | Confirm open/pending trades, protective orders and fees.Source 15 |
| Representative | Revoke in writing. | Confirm receipt.Source 15 |
Other services and evidence limits
| Service | Published availability | Qualification |
|---|---|---|
| Research and calendars | Blog, economic calendar, IPO calendar and inflation calculator linked | Informational tools; an IPO calendar does not establish an allocation service.Source 1 |
| Introducer relationships | Dedicated introducer contact published | Commission schedules, client rebates and eligibility not fully public.Source 24 |
| Conflicts management | Policy discusses handling conflicts and inducements | A policy statement does not establish absence of conflicts in a particular trade.Source 20 |
Company background & evidence
Sections ↑Brand and entity chronology
| Evidence date | Event or current observation | What it does not prove |
|---|---|---|
| 5 August 2026 | Broker-hosted SD013 scan names Octrado Ltd. trading as Alpho and Octrado. | Exact effective date or terms of a legacy customer transfer.Source 30 |
| 11 October 2026 check | GulfBrokers.com redirects to the Octrado trading website. | Continuity of every prior Gulf-branded account or licence.Source 1 |
| 11 October 2026 check | FSA record links Octrado Ltd. to alpho.com, gulfbrokers.com and octrado.com. | Ownership relationship with unrelated similarly named companies.Source 32 |
| Current company description | More than 10 years of experience is a company claim. | Independently verified incorporation/founding year or audited operating history.Source 28 |
Company facts and migration questions
| Item | Finding |
|---|---|
| Address discrepancy | Website lists Providence Complex, Room B11; FSA entry lists Office 2, Suite C, OrionMall. Confirm the correct contractual/complaint address.Source 1Source 32 |
| Notices | §19.7: money transfer 10 business days; §43: assignment/novation 5 business days.Source 15 |
| Legacy account continuity | No specific dated client migration notice was verified; positions, credits, pricing and dispute responsibility need confirmation.Source 29 |
| Ownership and finances | Beneficial ownership, audited capital and client-asset totals unverified.Source 28Source 29 |
- Headquarters
- Seychelles; website and regulator publish different local addresses
- Founded
- Exact founding year not independently established
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Octrado Ltd.
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Financial Services AuthoritySD013 | Authorised | Checked 11 Oct 2026Source 32Source 30Source 31 |
Additional Information
Sections ↑Important unresolved points before using this offer
| Issue | Question to resolve | Relevant section |
|---|---|---|
| Entry deposit | Confirm the accepted minimum. | AccountsSource 2Source 3 |
| Bonus | Confirm cash-release and withdrawal terms. | Additional servicesSource 2Source 12 |
| Execution/robots | Confirm mode and permission. | TradingSource 16Source 15 |
| Swap-free costs | What fee applies per symbol, lot and overnight period? | Fees & holding costsSource 11 |
| Outage/copy exits | Confirm contacts and order disposition. | Trading; ServicesSource 24Source 15 |
| Insurance and migration | Which actual policy or client-transfer notice applies to the account? | Protection; CompanySource 29 |
Sources & further reading
- Octrado trading website and current legal footer Octrado Ltd. · Accessed 11 Oct 2026
- Trading Levels: seven deposit tiers and advertised bonuses Octrado Ltd. · Accessed 11 Oct 2026
- Trading Costs: commissions, charges and worked examples Octrado Ltd. · Accessed 11 Oct 2026
- Forex CFD instrument specifications Octrado Ltd. · Accessed 11 Oct 2026
- Commodity CFD instrument specifications Octrado Ltd. · Accessed 11 Oct 2026
- Stock CFD instrument specifications Octrado Ltd. · Accessed 11 Oct 2026
- ETF CFD instrument specifications Octrado Ltd. · Accessed 11 Oct 2026
- Index CFD instrument specifications Octrado Ltd. · Accessed 11 Oct 2026
- MetaTrader 5 platform capabilities Octrado Ltd. · Accessed 11 Oct 2026
- Trading Conditions: margin, swaps and expiry rules Octrado Ltd. · Accessed 11 Oct 2026
- Swap-Free Account: administration fee from first rollover Octrado Ltd. · Accessed 11 Oct 2026
- 10% Bonus Agreement: general terms and conditions Octrado Ltd. · Accessed 11 Oct 2026
- Interest Program: public offer Octrado Ltd. · Accessed 11 Oct 2026
- Conditions for Providing Interest on Free Margin Octrado Ltd. · Accessed 11 Oct 2026
- Octrado Client Agreement, including CFD and Social Trading schedules Octrado Ltd. · Accessed 11 Oct 2026
- Order Execution Policy Octrado Ltd. · Accessed 11 Oct 2026
- Swap schedule updated 5 October 2026 Octrado Ltd. · 5 Oct 2026 · Accessed 11 Oct 2026
- CFDs on Futures Contracts Expiring in 2026 Octrado Ltd. · Accessed 11 Oct 2026
- Risk Disclosure Statement Octrado Ltd. · Accessed 11 Oct 2026
- Conflicts of Interest Policy Octrado Ltd. · Accessed 11 Oct 2026
- Anti-Money Laundering Practices Octrado Ltd. · Accessed 11 Oct 2026
- Anti-Money Laundering and Countering the Financing of Terrorism Manual Octrado Ltd. · Accessed 11 Oct 2026
- Complaints Procedure Octrado Ltd. · Accessed 11 Oct 2026
- Contact us: customer, payments and compliance teams Octrado Ltd. · Accessed 11 Oct 2026
- USD wire transfer instructions Octrado Ltd. · Accessed 11 Oct 2026
- EUR wire transfer instructions Octrado Ltd. · Accessed 11 Oct 2026
- AED wire transfer instructions Octrado Ltd. · Accessed 11 Oct 2026
- Who We Are: company description Octrado Ltd. · Accessed 11 Oct 2026
- Legal Documents hub Octrado Ltd. · Accessed 11 Oct 2026
- Securities Dealer Licence SD013: broker-hosted scan Octrado Ltd. · 5 Aug 2026 · Accessed 11 Oct 2026
- License and Regulation Octrado Ltd. · Accessed 11 Oct 2026
- Seychelles FSA Capital Markets register: Octrado Ltd Financial Services Authority, Seychelles · Accessed 11 Oct 2026
- Seychelles FSA complaint handling and submission requirements Financial Services Authority, Seychelles · Accessed 11 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.