OctaFX Account Types

OctaFX offers various trading account types tailored to different trading styles and preferences. The available account types include:

• OctaFX MT4 Account:
• Minimum Deposit: $25
• Spreads: Floating spreads starting from 0.6 pips
• Commission: No commission, spread markup applies
• Instruments: 35 currency pairs, gold, silver, 3 energies, and 30 cryptocurrencies
• Leverage: Up to 1:500 for forex pairs
• Execution Type: Market execution
• OctaFX MT5 Account:
• Minimum Deposit: $25
• Spreads: Floating spreads starting from 0.6 pips
• Commission: No commission, spread markup applies
• Instruments: 35 currency pairs, gold, silver, 10 indices, 30 cryptocurrencies, and 150 stocks
• Leverage: Up to 1:500 for forex pairs
• Execution Type: Market execution
• OctaFX Islamic Account:
• Minimum Deposit: $25
• Spreads: Floating spreads starting from 0.6 pips
• Commission: No commission, spread markup applies
• Features: Swap-free trading compliant with sharia law
• Leverage: Up to 1:500 for forex pairs
• Execution Type: Market execution
• OctaFX Demo Account:
• Purpose: Allows traders to practice trading strategies without financial risk
• Virtual Funds: Up to $1,000,000 in virtual money
• Duration: No expiry, but inactivity may lead to account closure

OctaFX Broker Account Opening Process

Opening an account with OctaFX is a straightforward process that can be completed in just a few steps:

• Visit the OctaFX Website: Click on the "Open Account" button located at the top right corner of the webpage.

• Fill in Your Details: Complete the registration form with your personal information and press the "Open Account" button.

• Email Verification: Check your email for a confirmation link from OctaFX and click on it to verify your email address.

• Provide Personal Details: After email verification, fill in your additional personal details for KYC compliance.

• Select Account Type: Choose between a real or demo account and select your preferred trading platform (MT4, MT5, or Octa Trader).

• Finalise Account Creation: Review your account summary and click "Continue" to complete the registration.

• Make Your First Deposit: After account creation, make your first deposit (minimum $25) to start trading.

• Identity Verification: To withdraw funds, upload a government-issued ID and proof of residency for verification. This process usually takes 1-2 business hours.

By following these steps, you can successfully open an OctaFX trading account and start trading with various instruments.