OctaFX Account Types

OctaFX offers two primary types of trading accounts: the Octa Trader and MetaTrader 5 (MT5) accounts. Each account type features competitive trading conditions, including:

• Minimum Deposit: $25 for both account types.
• Spreads: Floating spreads starting from 0.6 pips.
• Commission: No trading commissions are charged.
• Leverage: Up to 1:1000 for forex trading, with specific leverage limits for other asset classes:
• Forex: 1:1000 (ZAR/JPY: 1:200)
• Metals: 1:400
• Energies: 1:400
• Indices: 1:400
• Cryptocurrencies: 1:200
• Trading Instruments: Both accounts allow trading in various instruments, including currency pairs, commodities, indices, and cryptocurrencies.

Additionally, all accounts are swap-free, making them compliant with Islamic trading principles, and they support various trading strategies, including scalping and hedging.

OctaFX Broker Account Opening Process

To open an account with OctaFX, follow these simple steps:

• Sign Up: Visit the OctaFX website and click on the "Open Account" button.
• Registration: Fill out the registration form with your personal details, including your name, email, and phone number.
• Email Verification: After submitting the form, check your email for a verification link from OctaFX. Click the link to verify your email address.
• Complete Profile: Provide additional personal information required for KYC (Know Your Customer) compliance, such as your date of birth and country of residence.
• Choose Account Type: Select your desired trading account type (Octa Trader or MT5) and specify whether you want a real or demo account.
• Make a Deposit: Fund your account with a minimum deposit of $25 to start trading.
• Verification: Upload identification documents for verification, which typically takes 1-2 business hours.
• Start Trading: Once your account is verified and funded, log in to your trading account or download the OctaFX app to begin trading.

For more information, visit the official OctaFX website: OctaFX.