OctaFX Minimum Deposit Guide (2021), octa fx deposit.

Octa fx deposit


With that knowledge, you are likely ready to begin trading and find out more information on precise areas of the broker, the octafx minimum deposit for example. In other market areas, an octafx deposit may be available. The conditions behind this octafx bonus are as follows:


Octafx minimum deposit guide (2021)


OctaFX Minimum Deposit Guide (2021), octa fx deposit.


Trading with octafx, your first port of call should certainly be our octafx broker review. Once you have taken a look at this, you should have a broad knowledge of the broker offering and features.


With that knowledge, you are likely ready to begin trading and find out more information on precise areas of the broker, the octafx minimum deposit for example.


Here we will outline exactly that and how it may change based on the octafx account type and funding method you choose.


This information will all help you make the best trading decisions possible on your future broker.


Table of contents

74-89% of retail CFD accounts lose money


Octafx account base currency


The account base currency is the currency that you can select to trade with. When it comes to octafx, this base currency can differ depending on the region you are trading from. Within europe, the only base currency made available is euro, while within other areas known as the global market, both euro and US dollar are catered for.


Octafx funding methods


The funding methods available through octafx will again depend on where you are based. As a very attractive positive point though, these methods do not feature any kind of octafx commission either on deposits or withdrawals. Let’s take a closer look at exactly what funding methods you will have to choose from as a trader.


OctaFX Minimum Deposit Guide (2021), octa fx deposit.


Wire transfer


Octafx wire transfers are available to traders within europe only at this time. This is one of several common deposit methods that the broker offers.


When it comes to processing time, this type of octafx deposit typically takes between 3-7 working days to process. It could be faster but this is the guideline they provide to ensure your funds are available.


As mentioned above, there are no octafx commissions applied, although you should double-check with your own bank as they may have a policy to charge fees on wire transfers from their end.


The minimum octafx deposit for a wire transfer is 50 EUR/USD.


Credit card


Naturally, credit and debit card deposits are hugely popular among octafx traders and those of any top forex broker where they are facilitated. Both visa and mastercard are catered for and the deposits made through this method are typically available for you to trade with right away.


As is the case with every octafx deposit method, no commission is applied from the broker side here and again the minimum octafx deposit associated with this funding type is 50 EUR/USD.


Bitcoins


Bitcoin is growing in popularity as a funding method throughout the industry and is also offered by octafx. Octafx bitcoin deposits again attract no commission or fees from the broker at all, though there will likely be a small fee from the bitcoin network to mine your deposit on the way through. This amount should be negligible though.


The minimum deposit with octafx here is 0.00045 BTC.


Neteller and skrill


Both of these popular funding methods are available through octafx. These deposit options are only available for those trading within the global market regulation and again there are no commissions or fees to worry about from the octafx broker side.


The processing time is typically instant so your funds should be available right away, and the minimum deposit using this method is $50.


74-89% of retail CFD accounts lose money


Octafx minimum deposits


Having taken a look at the minimum deposit applied to each funding method, let’s now look at how this impacts the octafx account types you can choose from.


In fact, there is no minimum deposit in place on account types, as many other forex trading no minimum deposit brokers. It is therefore referred to the funding method you use to decide the minimum deposit you have to meet.


Micro MT4 account


The octafx micro MT4 account is ideal for newer traders as it allows trading in micro-lots at low-risk levels.


This account type is not currently available to those trading from within europe, just global market traders only, and since there is no octafx minimum deposit, the broker just recommends a deposit of $100 to best use their services.


As with the other account types available, it can be turned into an islamic account where needed.


MT5 account


The octafx MT5 account type is available worldwide and with again no minimum octafx deposit in place, only a recommendation is made by the broker. This is a 100 euro deposit if you are trading within europe, and a $500 deposit if you are trading in other market areas.


As mentioned above, an islamic account is also available for this account type on request.


Ctrader account


Again the octafx ctrader account for those who prefer the ctrader platform and the ECN execution it offers is available to all traders around the world.


A 100 euro recommended deposit is in place for traders based in europe, while a $100 recommendation applies to those trading under the world market regulations.


Related guides:


OctaFX Minimum Deposit Guide (2021), octa fx deposit.


Deposit bonus


Octafx deposit bonuses are unfortunately unavailable to traders who are based in the EU and trading within this regulatory area. The reasoning behind this is likely to do with the stringent ESMA regulations in place and a desire from all the best forex brokers to remain completely transparent and compliant.


50% deposit bonus


In other market areas, an octafx deposit may be available. The conditions behind this octafx bonus are as follows:


The trader must make an octafx minimum deposit of at least 50EUR or 50USD. If they do this, they will be credited with a bonus equal to 50% of the deposited amount.


This bonus is subject to certain conditions and cannot be withdrawn right away. In order to satisfy these conditions, you will have to trade a certain number of lots. The more you deposit, the larger your bonus amount will be, although this will also correspond to an increased number of trades required to release the bonus.


No deposit bonus


On occasion, octafx may offer a no deposit bonus. This octafx no deposit bonus is typical $8 although it is only available periodically and not at the moment of writing. There is no pre-qualification or need to deposit in order to access this bonus amount.


74-89% of retail CFD accounts lose money



How to make a deposit at octafx forex trading account


In order to start trading on real forex account and earn money you need to make a deposit. Before making a deposit you should know that octafx does not charge commission on deposits or withdrawals. Moreover, octafx covers fees applied by payment systems. We also do not limit the number of deposits per day. Deposits with local banks are processed within 1-3 hours, credit/debit card and e-wallet deposits are instant.


Minimum deposit for pro account on metatrader 5 is $500. Forex traders from indonesia, pakistan, malaysia, thailand, india, vietnam dan nigeria can deposit and withdraw using their local banks. Octafx supports a variety of local banks you can choose from.


As mentioned earlier, for those who can not use local banks we support different payment services and credit cards:


Credit or debit visa cards


How to make a bank deposit


1. Login into account. Find “deposit”


You can find “deposit” buttons in the top or sidebar menu as shown in the picture below.


OctaFX Minimum Deposit Guide (2021), octa fx deposit.


2. Choose among available local banks.


Local banks availability depends on the region you have filled in during the registration process.


For example, indonesian traders can choose between mandiri, BCA, BNI and BRI. For instance, let’s choose BCA. You can select deposit amount from the offered options or put down the amount you wish.


OctaFX Minimum Deposit Guide (2021), octa fx deposit.


3. Choose preferred bank deposit method


There are three ways you can make a wire transfer deposit which are ATM, online banking and cash deposit at a bank branch:


If you make a deposit online you need to open your online banking app/website, then make transfer with given credentials and make a screenshot of processed transaction.


Find your nearest ATM and deposit using bank details given on the deposit page.


You can also deposit by cash at your bank branch.


OctaFX Minimum Deposit Guide (2021), octa fx deposit.


Make sure you use correct data in the process of deposit. Please, double check the deposit amount, as it must be the same you state in the deposit request. Here you can see credentials of the banks we cooperate with.


4. Notify after successful bank transfer


On the next step you need to fill in the deposit form: set the amount, choose bank and type of transfer, put in your bank account number and date of payment. We will process your transaction faster if you upload payment proof (screenshot from online banking or payment slip).


OctaFX Minimum Deposit Guide (2021), octa fx deposit.


Once you confirm the request it will be pending till it is processed by the bank and our financial department in their working hours (monday-friday 06:00-15:00 EET).


E-wallets and credit card deposits


You can also deposit with a credit/debit card, bitcoin or e-wallets. Such deposits are credited instantly. The process is very simple:


1) you need to choose deposit method


We will choose skrill as an example of e-wallet deposit.


OctaFX Minimum Deposit Guide (2021), octa fx deposit.


2) fill in the deposit amount


Type the amount you wish to deposit and click ‘continue’.


3) double check and confirm the deposit


Then double check the information and click ‘confirm’. After confirmation you will be redirected to the skrill page. Log into your skrill account and proceed deposit. Once request is processed, funds will be credited to your trading account.


OctaFX Minimum Deposit Guide (2021), octa fx deposit.


4) log in to your payment system


OctaFX Minimum Deposit Guide (2021), octa fx deposit.


5) make a transfer


Deposit with a card


Please, notice, that according to our AML policy you will need to verify your credit/debit card as we can not accept transactions from the third parties. To make a deposit you need to enter deposit amount, confirm it and fill your credit/debit card details in the form.


OctaFX Minimum Deposit Guide (2021), octa fx deposit.
OctaFX Minimum Deposit Guide (2021), octa fx deposit.


Deposit with bitcoin


You can also deposit with bitcoin. After choosing ‘bitcoin’ in the list of payment methods you will see current exchange rate and address of our wallet. Then you need to open your bitcoin wallet and process transaction.


OctaFX Minimum Deposit Guide (2021), octa fx deposit.


The last step is to download a trading platform of your choice and you are ready to enter forex market! Please, follow this links to download a software:


We also recommend you to check our education section where we post trading forex strategies, forex tutorials and platform manuals.



Octafx: login, minimum deposit, withdrawal time?


OctaFX Minimum Deposit Guide (2021), octa fx deposit.



Octatfx has a highly informative and accessible website that aims to promote their services in layman terms. And it achieves that, yet can it can it practice what it preaches?


The broker website is operated by the following companies:


Octa markets cyprus ltd is tightly regulated by the cyprus securities and exchange commission (cysec), carrying all necessary investigations in order to ensure fraud-free market operations. As regulated by cysec, OCTAFX is part of the ICF allowing for a compensation of up to €20 000 to be attributed to clients, if the broker fails or becomes insolvent.


Octa markets incorporated is regulated by the FSA SVG in st. Vincent and the grenadines. This body’s main duties are to ensure that financial institutions are well supervised and that all threats are acted upon with the appropriate force of action. Unlike cysec, this license issuer has no reimbursement scheme to speak of. Another significant drawback is that there is no regulation dedicated to foreign exchange (forex) trading and cryptocurrency, nor are there licenses issued for these two assets:


OctaFX Minimum Deposit Guide (2021), octa fx deposit.


Spreads depend on the account the client has chosen. So for the MICRO account the EUR/USD spread is 1.1 pips, for the PRO it’s 0.8-1.1 pips, and for the ECN account it’s typically 0.7-0.8 pips. We would like to remind readers that in the UK and EU the current imposed maximum spread limit is 1:30. For those outside the jurisdiction of ESMA the spread reaches 1:500.


Currently, octatfx offers the following assets to trade with: forex pairs, cryptocurrencies, commodities, stocks. In the bustling, competitive world of forex today, this number of assets is considered low.


The broker is available in the following languages: english, spanish, arabic, indonesian, thai, vietnamese, chinese, german, malay, bengali, portuguese and hindi.


OCTAFX LOGIN


Octatfx offers three platform for trade: MT4, MT5 and ctrader. What’s interesting is that each platform acts also as a separate account.


METATRADER 4


Here we are again with this renowned platform, and for a reason! MT4 stands tall against other trading terminals. Consider using expert advisors to set your automated trading while you do other business, or take full advantage of what MT4 has to offer: multiple chart management, trading directly from the chart, customized trading indicators, huge selection of trading options and much more.


The MT4 acts as the MICRO account type. So, the spread for EUR/USD 1.1 pips, while the leverage for the EU/UK is 1:30 (due to ESMA), and reaches 1:500 for those outside these zones.


There are no commissions attached to this account.


MT4 is available on smartphones (iphone, android), on any browser and as a standalone desktop version.


METATRADER 5


MT5 strives to replace MT4 but fails to do so, not because it’s inferior but because most brokers nowadays use MT4 as the default terminal. Nevertheless, MT5 comes with new and handy features that traders will surely find useful. There are auto trading bots, plus VPS (same as MT4).


The MT5 acts as the PRO account type. So, the spread for EUR/USD 0.8-1.1 pips, while the leverage for the EU/UK is 1:30 (due to ESMA), and reaches to 1:500 for those outside these zones.


The are no commissions attached to this account.


MT5 is available on smartphones, on any browser and as a standalone desktop version.


The functional ctrader has been included by octafx. This platform handles with ease and possesses a much better visual style than both MT4/5. The interface is highly customizable, giving end users a much needed aesthetic touch of their own. One of the main features of ctrader is the ability for traders to access provider’s liquidity making room for better pricing and lower spreads. There is also automated trading, and great back testing facilities.


Ctrader acts as the ECN account type. So, the spread for EUR/USD 0.7-0.8 pips, while the leverage for the EU/UK is 1:30 (due to ESMA), and reaches to 1:500 for those outside these zones.


Ctrader has a commission structure attached to it. For one standard lot a round turnof $6 will be feed. So this changes the EUR/USD spread from 0.7-0.8 pips to 1.3-1.4 pips.


Ctrader is available: for download as a standalone software for desktop, to mobile users, and can be accessed via a browser.


COPYTRADING


The broker offers for the opportunity to copy expert traders, automatically, without spending time on building a strategy or being constantly glued to a screen. This is a superb opportunity for those who do not have the time, or have little of it, to dedicate to online trading. To start, just browse through the many expert traders, set your preferences, invest and voila! Note that, even if the trader dealing for you gets a bonus if your investment turns to profit, this system does not guarantee 100% wins all of the time.


OCTAFX MINIMUM DEPOSIT


The minimum deposit is $50, immediately making room for smaller or casual traders. Typically, a higher minimum deposit limit has the ability to intimidate many novice traders.


The methods for depositing are: neteller, skrill and bitcoin. In this day and age of online currency and cfds trading these options are significantly low than bar. When considering the instruments in circulation by admiral markets and, especially, FX choice, the assortment that this here broker has seems laughable in comparison.


The base currencies are limited to only EUR and USD. The same comment as above can be applied here. A global broker should include more base currencies.


All methods of funding are instant. Here, however, octafx shines, as it falls in the niche of swift deposit methods, a niche that grows ever so tighter.


There are no fees attached. Fees commissioned by thirds parties will be covered by octafx.


OCTAFX WITHDRAWAL TIME AND FEES


Cysec regulation reassures that no harm will come to clients withdrawals.


The withdrawal methods are: neteller, skrill and bitcoin. Again, significantly fewer withdrawal methods that your standard broker.


Withdrawals are instant. This is a rare sight to see in an industry of long process times, and unexpected delays.


There are no fees attached to withdrawal. Fees commissioned by thirds parties will be covered by octafx. This makes us even more agitated at the fact that octafx has not included more payment options.


The minimum withdrawal amount is $5.


BONUSES AND PROMOTIONS


Bonuses are solely offered by octatfx’s offshore entity, due to cysec banning them in europe.


There is a 50% bonus with every deposit.


The most active and successful traders will have the opportunity to win smartphones/smartwatches, as well as a 3 luxury cars at the end of the year.


There is the opportunity to win $500 while trading with your DEMO account.


Trade suing a ctrader DEMO account, and finish with the highest profit at the end of the week to get $150.


BOTTOM LINE


First and foremost, octafx is regulated by one of the best institutes for the job in the world (cysec), as well as one of the shadier ones where many suspicious brokers get their licenses from- FSA SVG, making things rather ambiguous.


Second, there is a very limited number of payment methods, which in this day and age of online trading is unsatisfactory. However, there are no fees attached to said methods, and to top that the broker offers great and detailed trading platforms.



50% bonus on each deposit


1. Open an account


2. Make a deposit in your account


OctaFX Minimum Deposit Guide (2021), octa fx deposit.
OctaFX Minimum Deposit Guide (2021), octa fx deposit.


3. Increase your deposit by half with our bonus


4. Withdraw bonus funds


your deposit amount $400
50% bonus we provide $200
divide your bonus by half $200/2
number of lots to trade 100 lots

Trade more and get more profit with our bonus


Without bonus


Get more profit using 50% bonus 50% bonus


Manage your bonuses wisely


Know when to apply the bonus: you can activate it for your deposit at any time.


Decide upon the bonus amount you want to apply.


If you cancel the bonus, mind that it will be deducted from your free margin at full.


When your bonus progress hits 100% you can use this money for other accounts and go on investing.


What you can do with a deposit bonus


Every day



  1. Apply for a 50% bonus.

  2. Set a maximum leverage.

  3. Open positions of up to 750 times greater than your initial investment.




  • On special occasions



    1. Make a deposit and track our offers.

    2. Seize the best trading conditions during our events.

    3. Multiply your profit potential 2,000 times.




  • Top forex bonus promo


    OctaFX Minimum Deposit Guide (2021), octa fx deposit.


    OctaFX Minimum Deposit Guide (2021), octa fx deposit.


    OctaFX Minimum Deposit Guide (2021), octa fx deposit.


    Promotion rules



    • And






      • Deposit bonus can only be claimed by a verified customer.

      • The bonus amount available is 10% to 50% for each deposit amount. You can also claim 100% bonus during certain special offer periods.

      • Bonuses are available in multiples of 10%, so you can claim 10%, 30%, 50% or 100% on a deposit, but not 11%, 25%, or 47%, for example.

      • The bonus cannot be added to internal transfer deposits and to deposits from contests/promotions, etc. Unless stated otherwise.

      • Deposit bonus shall not be credited in case account free margin is less than your bonus amount.



      • Ctrader deposit bonus can only be claimed by a verified customer.

      • The client can claim a deposit bonus on each deposit he makes. The bonus amount available is 10% to 50% for each deposit amount. You can also claim 100% bonus during certain special offer periods.

      • Bonuses are available in multiples of 10%, so you can claim 10%, 30%, 50% or 100% on a deposit, but not 11%, 25%, or 47%, for example.

      • "total bonus" denotes the total amount of bonus in a client’s account. Total bonus comprises all the bonuses claimed by the client for the trading account. Total bonus is affected when a part of the total bonus is withdrawn or cancelled or when additional bonuses are credited to the client’s account.

      • "active bonus" denotes the amount of bonus which can be used to open positions by adding it to the account’s equity. The amount of active bonus cannot exceed 100% of the account’s unrealized profit & loss + balance, therefore this value will fluctuate according to live conditions.

      • Ctrader deposit bonus can’t be used instead of, separately or before the account’s balance. If the account’s balance is zero, so will be the amount of active bonus.

      • It is required to trade (bonus amount)/2 (bonus amount divided by two) standard lots to be able to withdraw a bonus.

      • The deposit bonus cannot be added to internal transfer deposits and to deposits from contests/promotions, etc., unless stated otherwise.

      • The deposit bonus shall be added to the total bonus in your account and remain there until the volume requirements are met or the bonus is canceled. After the required volume is traded the bonus will be withdrawn from the total bonus in your account and an equal amount of money will be added to your account’s balance.

      • The bonus for each deposit is considered a separate bonus and will have its own volume requirements.

      • Volume calculation starts from the first bonus and continues consecutively. This means that you can't withdraw later bonuses before you trade the required volume for the first bonus, and so on. The volume calculation starts from the moment the bonus is credited to the client’s account. The required volume for each deposit is calculated separately.

      • The bonus can be withdrawn ONLY if by the moment of lots calculation, the bonus is still present in the account. If a client had traded the required volume, but the bonus has already been canceled, it would not be added or compensated.

      • If the trader's own funds are withdrawn after the bonus has been credited, the bonus will be canceled.

      • A client can cancel deposit bonus at any time. Once deposit bonus is cancelled, it cannot be reinstated.

      • Octafx may reject client's bonus application(s) at any time without prior notification or providing reasons for such decision.

      • Octafx may cancel a client's bonus at any time without prior notification.

      • Any situation not described in these rules shall be subject to the company's decision.

      • Octafx reserves the right to change, update or cancel this promotion with notification in the company news.


      Bonuses explained in examples:
      ex.1: you make a 1000 USD deposit and get a 500 USD bonus. Your account balance will be 1000 USD, equity 1000+500=1500 USD, total bonus 500 USD. To be able to withdraw this bonus you will need to trade 500/2=250 standard lots, without time limit. Later you make another 800 USD deposit to your account and get a 400 USD bonus. Your balance will be 1800 (1000 + 800) USD, equity will be 2700 (1000+500+800+400) USD, total bonus will be 900 (500+400) USD. To be able to withdraw the second bonus you will need to trade another 400/2 standard lots.


      In this example after you trade first 250 standard lots and complete the volume requirements for the first deposit bonus in your account, the bonus amount (500 USD) will be withdrawn from the total bonus, leaving its value at 400 (900 -500) USD. At the same time the equal amount of money (500 USD) will be added to your account’s balance.


      Ex.2: you make 200 USD deposit and get 100 USD bonus. The balance in your account will be 200 USD, equity 300 USD, total bonus 100 USD, active bonus 100 USD. Then you close 1 unfortunate trade with a loss of 110 USD. Account balance will be 90 USD, total bonus will still be 100 USD, but active bonus will be also 90 USD now, therefore equity will be 180 USD.



      Octafx minimum deposit



      Octafx minimum deposit


      The octafx minimum deposit amount that octafx requires is US dollar 100.


      The minimum deposit amount of US dollar 100 when registering a live account is equivalent to ZAR1,766.87 at the current exchange rate between US dollar and south african rand on the day and at the time that this article was written.


      Octafx is based in SVG and cyprus and is authorized and regulated by demanding regulating entities namely cysec and FSA, and as a regulated broker, one of the requirements is that client funds be kept in segregated accounts.


      In complying with this, amidst several other strict rules and regulations, all client funds must be kept separate from the broker account, and it can only be used by traders to conduct trading activities.


      In addition to ensuring client fund security through segregated accounts, regulated brokers such as octafx are required to be a member of a compensation scheme or fund which pays out a certain amount to eligible clients in the case of company insolvency.


      Deposit fees and deposit methods


      Octafx does not charge any fees when deposits are made into the trader’s account.


      Traders can make use of the following payment methods through which the minimum deposit amount can be paid:



      • Credit/debit card

      • Bank wire transfer

      • Bitcoin

      • Skrill, and

      • Neteller



      Octafx only supports two deposit currencies in which traders can fund their accounts including:



      • USD, and

      • EUR



      Traders should take note that payments made in any other currency apart from the base currencies of the various accounts may be subjected to conversion rates charged by their payment provider. The base currencies are USD and EUR.


      Step by step guide to deposit the minimum amount


      Once the trader has completed the process of registering on the website, the trader can make the initial minimum deposit by following these steps:



      1. Log into the client portal and select ‘deposit’

      2. Select the deposit method along with the amount.

      3. After the trader has made their selection, they will be redirected to the payment processor page to confirm their deposit.



      Traders should take note that with making deposits by using bank wire transfer, the transactions may take a certain amount of time depending on the method, time of the day, and day of the week.


      Bank wire transfers take anything from a day to a few business days depending on the time the payment was made during the day along with the day of the week.


      Pros and cons


      PROS CONS
      1. Deposit fees and withdrawal fees are not charged 1. Only a few payment options provided
      2. Quick and easy depositing of funds 2. Only two supported deposit currencies


      What is the minimum deposit for octafx?


      How do I make a deposit and withdrawal with octafx?


      You can make use of the following payment methods to deposit or withdraw funds:



      • Credit/debit card

      • Bank wire transfer

      • Bitcoin

      • Skrill, and

      • Neteller




      Octafx minimum deposit guide (2021)


      OctaFX Minimum Deposit Guide (2021), octa fx deposit.


      Trading with octafx, your first port of call should certainly be our octafx broker review. Once you have taken a look at this, you should have a broad knowledge of the broker offering and features.


      With that knowledge, you are likely ready to begin trading and find out more information on precise areas of the broker, the octafx minimum deposit for example.


      Here we will outline exactly that and how it may change based on the octafx account type and funding method you choose.


      This information will all help you make the best trading decisions possible on your future broker.


      Table of contents

      74-89% of retail CFD accounts lose money


      Octafx account base currency


      The account base currency is the currency that you can select to trade with. When it comes to octafx, this base currency can differ depending on the region you are trading from. Within europe, the only base currency made available is euro, while within other areas known as the global market, both euro and US dollar are catered for.


      Octafx funding methods


      The funding methods available through octafx will again depend on where you are based. As a very attractive positive point though, these methods do not feature any kind of octafx commission either on deposits or withdrawals. Let’s take a closer look at exactly what funding methods you will have to choose from as a trader.


      OctaFX Minimum Deposit Guide (2021), octa fx deposit.


      Wire transfer


      Octafx wire transfers are available to traders within europe only at this time. This is one of several common deposit methods that the broker offers.


      When it comes to processing time, this type of octafx deposit typically takes between 3-7 working days to process. It could be faster but this is the guideline they provide to ensure your funds are available.


      As mentioned above, there are no octafx commissions applied, although you should double-check with your own bank as they may have a policy to charge fees on wire transfers from their end.


      The minimum octafx deposit for a wire transfer is 50 EUR/USD.


      Credit card


      Naturally, credit and debit card deposits are hugely popular among octafx traders and those of any top forex broker where they are facilitated. Both visa and mastercard are catered for and the deposits made through this method are typically available for you to trade with right away.


      As is the case with every octafx deposit method, no commission is applied from the broker side here and again the minimum octafx deposit associated with this funding type is 50 EUR/USD.


      Bitcoins


      Bitcoin is growing in popularity as a funding method throughout the industry and is also offered by octafx. Octafx bitcoin deposits again attract no commission or fees from the broker at all, though there will likely be a small fee from the bitcoin network to mine your deposit on the way through. This amount should be negligible though.


      The minimum deposit with octafx here is 0.00045 BTC.


      Neteller and skrill


      Both of these popular funding methods are available through octafx. These deposit options are only available for those trading within the global market regulation and again there are no commissions or fees to worry about from the octafx broker side.


      The processing time is typically instant so your funds should be available right away, and the minimum deposit using this method is $50.


      74-89% of retail CFD accounts lose money


      Octafx minimum deposits


      Having taken a look at the minimum deposit applied to each funding method, let’s now look at how this impacts the octafx account types you can choose from.


      In fact, there is no minimum deposit in place on account types, as many other forex trading no minimum deposit brokers. It is therefore referred to the funding method you use to decide the minimum deposit you have to meet.


      Micro MT4 account


      The octafx micro MT4 account is ideal for newer traders as it allows trading in micro-lots at low-risk levels.


      This account type is not currently available to those trading from within europe, just global market traders only, and since there is no octafx minimum deposit, the broker just recommends a deposit of $100 to best use their services.


      As with the other account types available, it can be turned into an islamic account where needed.


      MT5 account


      The octafx MT5 account type is available worldwide and with again no minimum octafx deposit in place, only a recommendation is made by the broker. This is a 100 euro deposit if you are trading within europe, and a $500 deposit if you are trading in other market areas.


      As mentioned above, an islamic account is also available for this account type on request.


      Ctrader account


      Again the octafx ctrader account for those who prefer the ctrader platform and the ECN execution it offers is available to all traders around the world.


      A 100 euro recommended deposit is in place for traders based in europe, while a $100 recommendation applies to those trading under the world market regulations.


      Related guides:


      OctaFX Minimum Deposit Guide (2021), octa fx deposit.


      Deposit bonus


      Octafx deposit bonuses are unfortunately unavailable to traders who are based in the EU and trading within this regulatory area. The reasoning behind this is likely to do with the stringent ESMA regulations in place and a desire from all the best forex brokers to remain completely transparent and compliant.


      50% deposit bonus


      In other market areas, an octafx deposit may be available. The conditions behind this octafx bonus are as follows:


      The trader must make an octafx minimum deposit of at least 50EUR or 50USD. If they do this, they will be credited with a bonus equal to 50% of the deposited amount.


      This bonus is subject to certain conditions and cannot be withdrawn right away. In order to satisfy these conditions, you will have to trade a certain number of lots. The more you deposit, the larger your bonus amount will be, although this will also correspond to an increased number of trades required to release the bonus.


      No deposit bonus


      On occasion, octafx may offer a no deposit bonus. This octafx no deposit bonus is typical $8 although it is only available periodically and not at the moment of writing. There is no pre-qualification or need to deposit in order to access this bonus amount.


      74-89% of retail CFD accounts lose money



      Octafx minimum deposit



      Octafx minimum deposit


      The octafx minimum deposit amount that octafx requires is US dollar 100.


      The minimum deposit amount of US dollar 100 when registering a live account is equivalent to ZAR1,766.87 at the current exchange rate between US dollar and south african rand on the day and at the time that this article was written.


      Octafx is based in SVG and cyprus and is authorized and regulated by demanding regulating entities namely cysec and FSA, and as a regulated broker, one of the requirements is that client funds be kept in segregated accounts.


      In complying with this, amidst several other strict rules and regulations, all client funds must be kept separate from the broker account, and it can only be used by traders to conduct trading activities.


      In addition to ensuring client fund security through segregated accounts, regulated brokers such as octafx are required to be a member of a compensation scheme or fund which pays out a certain amount to eligible clients in the case of company insolvency.


      Deposit fees and deposit methods


      Octafx does not charge any fees when deposits are made into the trader’s account.


      Traders can make use of the following payment methods through which the minimum deposit amount can be paid:



      • Credit/debit card

      • Bank wire transfer

      • Bitcoin

      • Skrill, and

      • Neteller



      Octafx only supports two deposit currencies in which traders can fund their accounts including:



      • USD, and

      • EUR



      Traders should take note that payments made in any other currency apart from the base currencies of the various accounts may be subjected to conversion rates charged by their payment provider. The base currencies are USD and EUR.


      Step by step guide to deposit the minimum amount


      Once the trader has completed the process of registering on the website, the trader can make the initial minimum deposit by following these steps:



      1. Log into the client portal and select ‘deposit’

      2. Select the deposit method along with the amount.

      3. After the trader has made their selection, they will be redirected to the payment processor page to confirm their deposit.



      Traders should take note that with making deposits by using bank wire transfer, the transactions may take a certain amount of time depending on the method, time of the day, and day of the week.


      Bank wire transfers take anything from a day to a few business days depending on the time the payment was made during the day along with the day of the week.


      Pros and cons


      PROS CONS
      1. Deposit fees and withdrawal fees are not charged 1. Only a few payment options provided
      2. Quick and easy depositing of funds 2. Only two supported deposit currencies


      What is the minimum deposit for octafx?


      How do I make a deposit and withdrawal with octafx?


      You can make use of the following payment methods to deposit or withdraw funds:



      • Credit/debit card

      • Bank wire transfer

      • Bitcoin

      • Skrill, and

      • Neteller




      Octafx complete guide for beginners | forex trading


      Octafx is a forex ECN broker offering trade on forex, indices, metals, and cryptocurrencies via cfds, across the metatrader and ctrader suite of trading platforms as well as their own octafx trading app.


      OCTAFX IS A GOOD BROKER


      As we all know by its name that it is one of those forex brokers that are having stable status in financial markets due to their unmatched service offerings. As for as it is concerned with octafx, they kept it simple for the new arrivals in trading fields. It ensures satisfactory and good results in customer satisfaction services and structure offered by octafx are for both initials and professional traders.


      OCTAFX OFFICE IN PAKISTAN


      If you need any help related to octafx in pakistan you can contact us:


      Phone: +92-3007933076 (amir sohail)


      Email address sajaval7272@gmail.Com


      Open your real trading account with octafx.Com


      There are three methods of deposit and withdrawal in pakistan.



      • E-currency (if you have ever gone through skill so it is possible to withdraw and deposit your currency). If not so you have to deal with a little bit of difficulty. To use E-currency you have to pass both levels of forex verification.

      • As before you can easily deposit or withdraw your currency in PAKISTAN via bank but nowadays STATE BANK restricted it due to some reasons so you are not able to withdraw/deposit. If you any ATM card with you along with the bank’s permission so you can go through it.

      • We have an international team from the USA and UK who can withdraw/deposit, for this, we give account number to the customer in which they can deposit their amount in rupees. After depositing in local bank customer informs us and provides FOREX number and other required details to us, within one hour we deposit your amount to the forex account. As this is through the international bank so there include some extra charges which customer has to pay. This is somehow costly but there is only a legal and secure way. Customers mostly go with the third step.



      OCTAFX PROFIT CALCULATOR


      It is a simple tool to help forex traders to buy and invest something big. For this you need to select the currency pair and volume you want to trade, the way you want to trade, toggle the open and close both prices to calculate your profit potentials. To get familiar with this app you need to go through it keenly and observe so that you will be able to know the movements of the market and deal with your trading with this handy machine. This calculator shows a breakdown of your net profit, including gross profit, swaps, and trading fees.


      OCTAFX DEPOSIT METHODS:


      To engage yourself with trading on the forex account you need to deposit. Before deposit, keep in mind that there is no commission on withdrawal or deposit. It also does not limit the number of deposits for twenty four hours. Deposit with local banks is processed within 1-3 hours.


      LOGIN INTO ACCOUNT –DEPOSIT


      OCTAFX LOCAL DEPOSIT


      Deposits of local banks are processed within 1-3 hours, credit/debit card and E-wallet deposits are on time. Minimum deposits for pro accounts on metatrader 5 are $500. Many countries including PAKISTAN, INDONESIA, and MALAYSIA can use local banks for forex trading. Octafx helps a variety of banks for trading purposes.


      OCTAFX WITHDRAWAL OPTIONS


      For this process, you need to undergo further steps.


      Log in to your personal area on your site. Two ways to withdraw



      • Wallet account

      • Trading account.



      Have a look on withdrawing from your wallet-open the app and view the main menu by entering the icon in the right-top of the screen. Then press “withdraw” under your wallet balance.


      Another way is by the trading center: select the account from which you want to withdraw money on the screen, and then press withdraws you will be able to see different options mentioned in your area. Select which is perfect for you.



      Cara melakukan deposit ke akun trading forex octafx


      Untuk memulai trading di akun real forex dan menghasilkan uang, anda harus melakukan deposit. Sebelum melakukan deposit, harap diketahui bahwa octafx tidak mengenakan komisi untuk deposit dan penarikan dana. Bahkan, octafx menanggung biaya yang dikenakan oleh sistem pembayaran. Kami juga tidak membatasi jumlah deposit tiap harinya. Deposit dengan menggunakan bank lokal akan diproses selama 1-3 jam kerja, deposit melalui kartu kredit/debit dan e-wallet prosesnya instan.


      Minimal deposit untuk akun pro di metatrader 5 adalah $500. Para trader forex dari indonesia, pakistan, malaysia, thailand, india, vietnam dan nigeria dapat melakukan deposit dan penarikan dana menggunakan rekening bank lokal mereka. Octafx menyediakan berbagai bank lokal yang bisa anda pilih.


      Seperti yang dijelaskan di awal, bagi mereka yang tidak bisa menggunakan bank lokal, kami menyediakan layanan pembayaran lainnya dan kartu kredit:



      • Kartu kredit atau debit visa

      • Bitcoin

      • Skrill

      • Neteller

      • Fasapay

      • Help2pay



      Cara melakukan deposit melalui bank


      1. Masuk ke personal area dan tekan deposit di menu bagian atas layar atau di menu bagian kanan.


      Anda bisa menemukan menu “deposit” di menu sebelah kanan seperti yang ditampilkan di gambar

      OctaFX Minimum Deposit Guide (2021), octa fx deposit.


      OctaFX Minimum Deposit Guide (2021), octa fx deposit.


      OctaFX Minimum Deposit Guide (2021), octa fx deposit.


      2. Pilih bank lokal yang tersedia.


      Pilih metode pembayaran yang paling sesuai dengan anda. Bank lokal memungkinkan anda untuk melakukan deposit dalam jumlah besar.


      OctaFX Minimum Deposit Guide (2021), octa fx deposit.


      OctaFX Minimum Deposit Guide (2021), octa fx deposit.


      3. Pilih aktifkan kurs tetap di atas metode pembayaran jika anda ingin melakukan deposit ke akun ini dan melakukan penarikan dari akun yang sama dengan nilai tukar 1 USD = 10.000 IDR


      OctaFX Minimum Deposit Guide (2021), octa fx deposit.


      OctaFX Minimum Deposit Guide (2021), octa fx deposit.


      Ini merupakan opsi permanen dan hanya berfungsi untuk akun mikro metatrader 4 dalam USD begitu hal ini diterapkan. Tanpa opsi tersebut, kurs yang ditentukan oleh BCA-lah yang akan diberlakukan.


      4. Untuk transfer bank, anda harus memilih salah satu opsi, yang akan anda gunakan untuk menambahkan dana ke dalam akun anda: melalui ATM, melalui online banking, atau melalui setoran tunai di cabang-cabang bank terdekat di kota anda.


      Online banking: masuk ke online atau mobile banking anda, masukkan rincian bank kami, dan buat cuplikan layar (screenshot) atas transaksi yang berhasil dilakukan.


      ATM: temukan ATM terdekat dari lokasi anda, pilih transfer bank, masukkan rincian bank kami dari halaman deposit, dan masukkan uang anda ke dalam mesin ATM.


      Kantor cabang bank: pergi ke kantor cabang bank anda dan berikan rincian bank kami berikut dana investasi anda kepada pegawai bank (teller).


      Sebagai contoh, anda memilih BCA dan ingin melakukan transfer melalui online banking.


      OctaFX Minimum Deposit Guide (2021), octa fx deposit.
      OctaFX Minimum Deposit Guide (2021), octa fx deposit.


      Pastikan anda menggunakan data yang benar dalam proses deposit. Harap periksa kembali jumlah dana yang anda transfer karena harus sama dengan yang anda cantumkan dalam permintaan deposit. Di sini anda bisa melihat rincian rekening bank lokal kami.


      Mohon diperhatikan: jika anda memasukkan ’forex’, ’octafx’, ’fx’ dan lain sebagainya dalam kolom preferensi penerima, maka deposit anda akan ditolak.


      OctaFX Minimum Deposit Guide (2021), octa fx deposit.


      OctaFX Minimum Deposit Guide (2021), octa fx deposit.


      Anda hanya dapat melakukan deposit dari akun bank dan kartu anda.


      OctaFX Minimum Deposit Guide (2021), octa fx deposit.


      OctaFX Minimum Deposit Guide (2021), octa fx deposit.


      Mohon berikan notifikasi sesudah transfer hanya setelah anda mengirimkan dana.


      OctaFX Minimum Deposit Guide (2021), octa fx deposit.


      5. Notifikasi sesudah transfer


      Di langkah selanjutnya, anda harus mengisi formulir deposit: isi jumlah dananya, pilih nama bank dan jenis transfernya, masukkan nomor rekening bank anda dan tanggal pembayarannya.


      OctaFX Minimum Deposit Guide (2021), octa fx deposit.


      OctaFX Minimum Deposit Guide (2021), octa fx deposit.


      Mohon dicatat: unggah bukti pembayaran untuk mempercepat proses deposit. Lalu, klik konfirmasi permintaan dan mulai trading.


      OctaFX Minimum Deposit Guide (2021), octa fx deposit.
      Begitu anda mengkonfirmasi permintaan, maka statusnya akan menjadi pending hingga diproses oleh pihak bank dan departemen finansial kami sesuai dengan jam kerja mereka (senin-jumat pukul 06:00-15:00 EET).


      OctaFX Minimum Deposit Guide (2021), octa fx deposit.


      Ketika transfer selesai, anda akan memperoleh push-notification di personal area dan pemberitahuan melalui e-mail.


      OctaFX Minimum Deposit Guide (2021), octa fx deposit.


      Langkah terakhir adalah mendownload platform trading pilihan anda dan anda sudah siap untuk masuk ke market forex! Silakan ikuti link berikut untuk download software-nya:


      Kami juga merekomendasikan anda untuk membaca menu edukasi kami yang menjelaskan tentang strategi trading forex, tutorial forex dan panduan platform.



      Octafx sign up bonus



      Octafx sign up bonus


      A first time octafx sign up bonus is not offered by octafx.


      Traders who register a real account with octafx are not offered with either a first time sign up bonus, or a welcome bonus.


      Octafx offers a 100% deposit bonus on each deposit which applies to both new and existing traders when a deposit of at least US dollar 50 is made into the trading account.


      To make the deposit withdrawable, traders will have to comply to the trading requirements of a certain amount of lots to be traded. This will be determined by the amount that the trader deposits into the trading account.


      Brokers often offer these broker bonusses to new traders in an effort to draw in more customers in addition to encouraging trading activities. Offering a deposit or welcome bonus is the best way in which to assure traders that they will receive some money back depending on the initial deposit made.


      Various brokers also offer no deposit bonuses to traders in the same effort to draw in more customers and bonuses like this may aid not only the broker in acquiring new clients, but also traders who have strict budgetary restrictions.


      Referral bonus


      Octafx does not currently offer referral bonuses to new or existing traders who make use of the products and services offered by octafx. The only referral program which is offered, is only available to introducing brokers.


      Referral bonuses are offered by brokers to traders in an attempt to draw in new clients and expand their customer base.


      Often these types of bonuses have strict criteria that will have to be fulfilled before the trader can benefit from referring a friend or family member.


      Some of the criteria includes, but is not limited to:



      • The referral has to register a real account with the broker using a unique referral link so that the registration can be traced back to the trader.

      • The referral bonus is only applicable should referrals register a real account as these bonuses are not available when using a demo account.

      • A certain minimum deposit amount has to be made by the referral.

      • The referral may be required to execute a certain number of trades on the new account before the trader becomes eligible to receive the referral bonus



      Referral bonuses may also have a limited time in which they can be utilized by traders, perhaps in a given month that brokers see a decrease in activity and attempts to counter it by providing such bonuses.


      Additional bonuses, promotions and rewards


      Octafx does not currently cater for trading bonuses and there are no current initiatives to reward loyal customers.


      Trading bonuses serve the purpose of encouraging traders to increase their trading activity in addition to trading higher volumes to gain access to bonuses that offer some cashback.


      Pros and cons


      PROS CONS
      1. Deposit bonus offered to new and existing traders 1. Welcome bonus, , no deposit bonus , and first time sign up bonus not offered
      2. No referral bonus offered
      3. No trading bonus for loyal customers


      Conclusion


      Octafx offers traders who either register a real account, or those who already possess one, the chance of receiving a bonus every time they fund their trading account.


      The conditions involved are stricter than when compared to other brokers who offer this type of bonus. Although there are no other bonusses offered, octafx has a competitive offering in addition to catering for both beginner and expert traders.





      So, let's see, what we have: discover the octafx minimum deposit needed to open an account, and the best way to do it, depending on base currencies, funding methods and more. At octa fx deposit

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