OctaFX Account Types: Detailed Overview for Traders

OctaFX offers a good number of account types:

• OctaFX Demo account
• OctaFX MT4 account
• OctaFX MT5 account
• OctaFX Islamic account

What types of trading accounts are available at OctaFX?

Below you will find a complete list of all account types available to traders on OctaFX, with details on features and useful information for choosing.

OctaFX offers a good service for all its clients, but it can differ from place to place.

CySEC traders will have access to maximum retail leverage up to 30:1 on major forex, also they may not be eligible to access other offerings, such as specific assets and platforms.

OctaFX MT4 account: Best for habitual traders

• Availability: Under Saint Vincent and the Grenadines.
• Markets: Forex, commodities, indices, crypto: 70+ assets in total.
• Commissions: You will get charged spreads from 0.6 pips, if you are copying a signal provider’s trade, you will have to pay a master fee that’s decided by the provider.
• Platforms: MT4.
• Trade size: From 1 micro lot.
• Leverage: Up to 1:500.
• Special features: 50% bonus for global clients; copy and social trading.
• Account opening: The MT4 account is available as a demo, while for a live account the minimum deposit is $25.

OctaFX MT5 account: Best for advanced traders

• Availability: Under CySEC and Saint Vincent and the Grenadines.
• Markets: Forex, commodities, indices, crypto: 70+ assets in total (crypto are not available under CySEC).
• Commissions: Spreads are available from 0.3 pips (CySEC) or 0.6 pips (SVG); a master fee if you are copying a signal provider’s trade that’s decided by the provider.
• Platforms: MT5.
• Trade size: From 1 micro lot.
• Leverage: Up to 1:30 (CySEC) up to 1:500 (SVG).
• Special features: 50% bonus for global clients (under SVG).
• Account opening: A demo version can be tested first. The recommended deposit to open a live account is $100 but, again, you can start with just $25.

OctaFX Islamic account: best for Muslim traders

• Availability: Under CySEC and Saint Vincent and the Grenadines.
• Markets: Forex, indices, commodities, crypto 70+ assets in total (crypto are not available under CySEC).
• Commissions: Spreads from 0.6 pips; a fixed fee for using a swap-free account.
• Platforms: MT4, MT5.
• Trade size: From 1 micro lot.
• Leverage: Up to 1:500.
• Special features: No rollover fees; 50% bonus for global clients (under SVG); copy and social trading (under SVG).
• Account opening: To open the account, you should contact the broker.

What happens to inactive OctaFX trading accounts?

An inactivity fee is not charged by OctaFX. This is a great feature provided by the broker.

Moreover, the support team is always ready to help you with any management problem you may meet.