OctaFX Account Types

filippo ucchino Filippo Ucchino calendar Last Updated: December 2022 timer 2 Min Read

OctaFX offers a good number of account types:

  • OctaFX Demo account
  • OctaFX MT4 account
  • OctaFX MT5 account
  • OctaFX Islamic account
Table of Content

OctaFX account types: Full list and features

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.


About The Author

Filippo Ucchino

Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

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