OctaFX Account Types

OctaFX offers a variety of account types tailored to meet the needs of different traders, from beginners to professionals. The main account types include:

• MT4 Account:
• Minimum Deposit: $25
• Spreads: From 0.6 pips
• Commission: None
• Leverage: Up to 1:500
• Available Instruments: 35 currency pairs, gold and silver, 3 energies, 4 indices, and 30 cryptocurrencies.
• MT5 Account:
• Minimum Deposit: $25
• Spreads: From 0.6 pips
• Commission: None
• Leverage: Up to 1:500
• Available Instruments: 35 currency pairs, gold and silver, 3 energies, 10 indices, 30 cryptocurrencies, and 150 stocks.
• Islamic Account:
• Minimum Deposit: $25
• Spreads: From 0.6 pips
• Commission: None
• Leverage: Up to 1:500
• Features: Swap-free trading compliant with Sharia law.
• Demo Account:
• Minimum Deposit: Virtual funds (default $5,000)
• Spreads: From 0.6 pips
• Commission: None
• Purpose: Practice trading strategies without risk.

OctaFX Broker Account Opening Process

Opening an account with OctaFX is a straightforward process, consisting of the following steps:

• Visit the Website: Go to the OctaFX website and click on the "Open Account" button.
• Fill Out the Registration Form: Enter your details, including your name, email address, and password. You can also sign up using Facebook, Google, or Apple ID.
• Email Confirmation: Check your email for a confirmation message from OctaFX and click the confirm button.
• Provide Personal Information: Fill in your personal details for KYC compliance.
• Select Account Type: Choose between a real or demo account and select your preferred trading platform (MT4 or MT5).
• Deposit Funds: Make your first deposit, with a minimum requirement of $25.
• Verification: Upload your identification documents for account verification, which typically takes 1-2 business hours.
• Start Trading: Once verified, you can log in to your account, deposit funds, and begin trading.

This process ensures that you are set up quickly and securely to start your trading journey with OctaFX.