Octa Account Types

Octa offers two main account types for traders: the MetaTrader 4 (MT4) Habitual Trader Account and the MetaTrader 5 (MT5) Smart Trader Account. Each account type caters to different trading needs and preferences, ensuring a tailored trading experience.

Key Features of Octa Account Types:

• Minimum Deposit: Both account types require a minimum deposit of $25.
• Spreads: Average spreads start from 0.6 pips on major currency pairs.
• Commission: Trading is commission-free, as spreads include internal markups.
• Leverage: Traders can access leverage up to 1:1000, depending on the asset.
• Islamic Account: All accounts are swap-free, making them compliant with Sharia law, suitable for Islamic traders.
• Demo Account: Unlimited demo accounts are available for practice without financial risk.

Octa Broker Account Opening Process

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

• Visit the Website: Go to the official Octa website and click on the "Open Account" button.
• Registration: Fill out the registration form with your name, email address, and desired password. You can also register using your Facebook, Google, or Apple ID.
• Email Confirmation: After registration, you will receive a confirmation email. Click the link in the email to verify your account.
• Personal Information: Provide additional information for KYC (Know Your Customer) purposes, such as your address and date of birth.
• Select Account Type: Choose your desired account type (MT4 or MT5), select between a live or demo account, and pick your preferred base currency (USD or EUR).
• Account Verification: Upload a copy of your government-issued ID and a proof of residency document to complete the verification process.
• Deposit Funds: Make your first deposit of at least $25 to start trading.

Once these steps are completed, you will be ready to trade on the Octa platform.