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OctaFX Account types

Octa FX Account Types Review

 

OctaFX provides four different account types, the OctaFX MT4 Account, OctaFX MT5 Account, OctaFX Islamic, Swap-Free, and Risk-Free OctaFX Demo accounts respectively.  The minimum deposit amount required to open an OctaFX live account is $100 USD.

 

🔎 Account🥇 OctaFX MT5🥇 OctaFX MT4
✅ Recommended forSmart TradersHabitual Trader
💰 Min Deposit$100 USD$100 USD
🔁 Spreads from0.6 Pips0.6 Pips
💵 CommissionNoNo
➕ Max Leverage1:5001:500
📉 Min Volume0.01 Lot0.01 Lot
📈 Max Volume500 Lots200 Lots
📊 Hedging✅ Yes☑️ Yes
📌 Scalping☑️ Yes✅ Yes
🚀 Open an Account👉 Click Here👉 Click Here

 

Overall Rating

4.8/5

Rated #8 of
Recommended FX Brokers

💰Minimum Deposit

$5

🌐 Regulators

SVGFSA

📱 Trading Desk

MT4, MT5

Crypto

Yes

📈 Total Pairs

80

☪️ Islamic Account

Yes

📊 Trading Fees

Very Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Official Website

 

OctaFX Account Types – 9 Key Point Quick Overview

 

  1. ☑️ OctaFX Overview
  2. ☑️ OctaFX Account Types
  3. ☑️ How to open an OctaFX account – Step by Step Guide
  4. ☑️ OctaFX Islamic Account
  5. OctaFX Demo Account
  6. OctaFX Customer Reviews
  7. OctaFX Pros and Cons
  8. Conclusion
  9. Frequently Asked Questions

 

OctaFX Top Bar

 

OctaFX Overview

 

OctaFX offers Forex ECN Trading, as well as CFD trading on Indices, Metals, and Cryptocurrencies across both the MT4 and MT5 trading platforms.  OctaFX offers a wide range of trading accounts and access to copy trading, bonus promotions, plus a wide range of research tools.

 

🔎 Broker🥇 OctaFX
📌 RegulationSVGFSA
🌎 Countries Not AcceptedUnited States
☪️ Islamic Account✅ Yes
🆓 Demo Account✅ Yes
📈 Institutional AccountsNo
📉 Managed AccountsNo
➕ Max Leverage1:500
💰 Min. Deposit$100 USD
🤝 Customer Service24/7
🚀 Open an Account👉 Click Here

 

OctaFX Landing Page New

 

OctaFX Account Types

 

OctaFX provides four different account types, the OctaFX MT4 Account, OctaFX MT5 Account, OctaFX Islamic, Swap-Free, and Risk-Free OctaFX Demo accounts respectively.  The minimum deposit amount required to open an OctaFX live account is $100 USD.

 

🔎 Account🥇 OctaFX MT5🥇 OctaFX MT4
✅ Recommended forSmart TradersHabitual Trader
💰 Min Deposit$100 USD$100 USD
🔁 Spreads from0.6 Pips0.6 Pips
💵 CommissionNoNo
➕ Max Leverage1:5001:500
📉 Min Volume0.01 Lot0.01 Lot
📈 Max Volume500 Lots200 Lots
📊 Hedging✅ Yes☑️ Yes
📌 Scalping☑️ Yes✅ Yes
🚀 Open an Account👉 Click Here👉 Click Here

 

OctaFX Account Comparison

 

How to open an OctaFX account – Step by Step Guide

 

1. Step 1: Press the Open Account Button.

The Open Account button is located at the top right of the OctaFX webpage.  A registration form can also be found via the signup page link.

 

OctaFX Account Step 1

 

2. Step 2: Complete Details.

After pressing the Open Account button, a registration form will appear.  Complete the required information and press the Open Account button located below the form.

 

OctaFX Account Step 2

 

3. Step 3: Email Account Verification.

After all the required details have been completed and submitted, a confirmation email will be sent to the applicant’s account.  After locating and opening the email – press Confirm.

 

Octafx Account Step 3

 

4. Step 4:  Complete Personal Details.

Once the applicant’s email has been confirmed, they will be directed to the OctaFX website to fill in their personal details.  The information provided by the applicant must be accurate, relevant, and up-to-date.

 

Octafx account step 4

 

5. Step 5: Select a Trading Platform.

The applicant must select between a real or demo account.

 

Octafx Account step 5

 

6. Step 6:  Complete Account Selection.

After choosing a platform, the applicant will press continue in order to finalize account creation.

 

Octafx Account Step 6

 

OctaFX Islamic Account

 

OctaFX offers Islamic swap-free trading on 2 trading account levels. OctaFX MT5 Swap-free and OctaFX MT4 Swap-free.  OctaFX offers Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries.

 

🔎 Account🥇 OctaFX MT5🥇 OctaFX MT4
✅ Recommended forSmart TradersHabitual Trader
💰 Min Deposit$100 USD$100 USD
🔁 Spreads from0.6 Pips0.6 Pips
💵 CommissionNoNo
➕ Max Leverage1:5001:500
📉 Min Volume0.01 Lot0.01 Lot
📈 Max Volume500 Lots200 Lots
📊 Hedging✅ Yes☑️ Yes
📌 Scalping☑️ Yes✅ Yes
🚀 Open an Account👉 Click Here👉 Click Here

 

OctaFX Islamic Account

 

OctaFX Demo Account

 

OctaFX does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment. The OctaFX Demo account does not expire and is available without limit.

 

🔎 Broker🥇 OctaFX
📌 AccountDemo
☑️ AvailabilityUnlimited
💰 User CostFree
🚀 Open an Account👉 Click Here

 

OctaFX Demo Account Landing Page

 

OctaFX Customer Reviews

 

Very Reliable.

OctaFX is a very reliable service provider and offers great trading opportunities to its clients. – Alice

 

TrustPilot 5 Star

 

Great Provider.

I started as a novice but with the educational materials offered by OctaFX, I have managed to move on to live Forex trading.  Great Provider! – Vijay

 

TrustPilot 4 Star

 

Excellent Support.

OctaFX is always ready to assist and its customer service team goes above and beyond. – Rob

 

TrustPilot 3 Star

 

OctaFX Pros and Cons

 

✔️ Pros❌ Cons
octafx.eu domain is Regulated and authorized by CySECLimited assets
Unlimited demo accountLow Crypto coverage
Advanced technologyNo VPS
Forex and CFDs offeredNo education tools on Forex
More than 30 FX pairs to tradeTelephonic support not available 24/7
No commission deposits or withdrawal optionsNo clients from USA, Canada, Belgium, or others outside EU

 

 

Overall Rating

4.8/5

Rated #8 of
Recommended FX Brokers

💰Minimum Deposit

$5

🌐 Regulators

SVGFSA

📱 Trading Desk

MT4, MT5

Crypto

Yes

📈 Total Pairs

80

☪️ Islamic Account

Yes

📊 Trading Fees

Very Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Official Website

 

 

 

Conclusion

 

Overall,  OctaFX provides four different account types, the OctaFX MT4 Account, OctaFX MT5 Account, OctaFX Islamic, Swap-Free, and Risk-Free OctaFX Demo accounts respectively.

 

 

You might also like:  OctaFX Review

You might also like:  OctaFX Sign Up Bonus

You might also like:  OctaFX Minimum Deposit

You might also like:  OctaFX Demo Account

You might also like:  OctaFX Islamic Account

You might also like:  OctaFX Fees, Spreads, and Commission

 

 

Frequently Asked Questions

 

How many OctaFX account types can I choose from?

OctaFX provides four different account types, the OctaFX MT4 Account, OctaFX MT5 Account, OctaFX Islamic, Swap-Free, and a Risk-Free OctaFX Demo account.

 

Does OctaFX make a Demo account available?

Yes, OctaFX does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment.

 

Does OctaFX offer an Islamic Account to Muslim investors?

Yes, OctaFX offers Islamic swap-free trading on 2 trading account levels. OctaFX MT5 Swap-free and OctaFX MT4 Swap-free.

 

Does OctaFX offer an Institutional or Managed account?

No, neither institutional nor Managed accounts are made available by OctaFX.

 

Can traders from the United States open an OctaFX account?

No, OctaFX does not accept US traders.

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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