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Competitive trading conditions with spreads starting from 0.6 pips and no non-trading commissions.

Access to popular trading platforms such as MetaTrader 4, MetaTrader 5, and the proprietary Octa Trader.

Attractive minimum deposit requirement of $25, making it accessible for new traders.

Limited choice of investment solutions for generating passive income; primarily focused on active trading strategies.

Changing list of payment systems can be inconvenient for users seeking consistent withdrawal methods.

Regulatory oversight is not tier-1, which may raise concerns about the overall safety of funds compared to more heavily regulated brokers.

OctaForex broker Accounts

OctaFX Account Types

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

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

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

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

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.