OctaFX Account Types

OctaFX offers three primary trading account types tailored to different trader profiles: MT4 Account, MT5 Account, and Octa Trader Account. Each account type has unique features, spreads, and leverage options:

• MT4 Account:
• Minimum Deposit: $25
• Spread: Floating from 0.6 pips
• Leverage: Up to 1:500 for forex, 1:200 for metals, and 1:100 for energies
• Instruments: 35 currency pairs, gold and silver, 3 energies, 4 indices, 30 cryptocurrencies
• Commission: None
• MT5 Account:
• Minimum Deposit: $25
• Spread: Floating from 0.6 pips
• Leverage: Up to 1:500 for forex, 1:200 for metals, and 1:100 for energies
• Instruments: 35 currency pairs, gold and silver, 3 energies, 10 indices, 30 cryptocurrencies, 150 stocks
• Commission: None
• Octa Trader Account:
• Minimum Deposit: $25
• Spread: Floating from 0.6 pips
• Leverage: Up to 1:1000 for forex
• Instruments: 80 instruments including currencies, metals, energies, indices, and cryptocurrencies
• Commission: None

All accounts support Islamic (swap-free) options and provide access to demo accounts for practice.

OctaFX Broker Account Opening Process

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

• Click on the "Open Account" Button: Locate the button on the top right corner of the OctaFX webpage.

• Fill in Your Details: Complete the registration form with your full name, email address, and create a password.

• Verify Your Email Address: Check your email for a confirmation link from OctaFX and click to verify your email.

• Provide Personal Information: After verifying your email, fill in your personal details, including country, city, address, phone number, and date of birth, ensuring compliance with KYC standards.

• Choose Your Trading Platform: Select between a real account or a demo account and choose your preferred trading platform (MT4, MT5, or Octa Trader).

• Complete Account Selection: Review the summary of your account, including account number, type, currency, leverage, and current balance.

• Make Your First Deposit: You can either deposit funds immediately or complete the verification process first. Verification requires submitting a proof of identity document.

Once these steps are completed, you will be ready to start trading with OctaFX.