Octa Account Types

Octa offers two main types of trading accounts tailored to meet the diverse needs of traders. Both account types have a minimum deposit requirement of $25, allowing for accessible entry into the trading world. The accounts are designed to provide a commission-free trading environment, with competitive spreads ranging from 0.6 pips to 1.3 pips, depending on the asset. The maximum leverage available is between 1:40 to 1:1000, which varies based on the subsidiary and asset. Additionally, Octa provides swap-free trading, making all accounts compliant with Sharia law, thus accommodating Islamic traders.

• Standard Account
• Minimum Deposit: $25
• Minimum Spreads: 0.6 pips to 1.3 pips (asset-dependent)
• Commissions: Commission-free (internal markups on raw spreads)
• Maximum Leverage: 1:40 - 1:1000 (dependent on the subsidiary and asset)
• Order Execution Model: NDD/STP
• Algorithmic Trading: Yes
• Copy Trading: Yes
• VIP Account
• Offers enhanced trading conditions and benefits via a four-tier status program based on portfolio balance.
• Bronze Tier: Minimum balance of $5; includes swap-free trading.
• Silver Tier: Minimum balance of $1,000; offers the Autochartist plugin.
• Gold Tier: Minimum balance of $2,500; reduces trading costs via lower spreads.
• Platinum Tier: Minimum balance of $10,000; provides access to VIP events.

Octa Broker Account Opening Process

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

• Visit the Octa Website: Navigate to the Octa homepage and click on the "Open Account" button.

• Initial Registration: Provide your name, email address, and desired password. You can also register using your Facebook, Google, or Apple ID.

• Email Confirmation: After submitting your information, check your email for a confirmation link and click the "Confirm" button.

• Complete KYC Information: Fill out additional personal information required for KYC (Know Your Customer) compliance, including your address and date of birth.

• Select Account Type: Choose between the Standard or VIP account type, select your preferred base currency (USD or Euro), and set your desired leverage.

• Account Verification: Upload a copy of your government-issued ID and a proof of residency document for verification.

• Fund Your Account: Once your account is verified, make the minimum deposit of $25 to start trading.

• Start Trading: After funding your account, you can begin trading all available assets offered by Octa.

With over 11 years of experience, Octa is a trusted broker catering to clients from 150+ countries and provides a secure trading environment.