OctaFX Minimum Deposit Guide

logomark Anthony Gallagher calendar Last Updated: December 2021 timer 7 min read

If you want to trade with OctaFX, your first port of call should be the review of the broker. So, if you want to find more about OctaFX, you can read 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

What is the OctaFX Minimum Deposit?

The OctaFX minimum deposit is $5. This amount depends on your location and the account type chosen. For the more advanced accounts like the cTrader-ECN account, the minimum deposit is quite a bit higher, especially if you’re based outside the EU.

OctaFX Features
Minimum Deposit $5
Deposit Fees No
Withdrawal Fees No
Base Currencies EUR, USD

Now that you know the minimum deposit amount, did you know that OctaFX is very well known in Asia (and in the whole world) for its efforts in providing the best trading experience within each country? Visit the OctaFX website and have a look yourself! (74-89% of retail CFD accounts lose money)

OctaFX Account Types Minimum Deposits

Having taken a look at the table above, let’s now explain more precisely how this impacts the OctaFX account types you can choose from.

In fact, there is a low minimum deposit in place on almost all the account types, as with many others. If you want to know this topic in detail, you definitely need to check out our selection of the low minimum deposit forex brokers.

OctaFX Micro MT4 Account Minimum Deposit

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. If you want more info about which broker offers this type of account, you’ll find the micro forex brokers article written by us very useful.

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

Octa FX MT5 Account Minimum Deposit

The OctaFX MT5 account type is one of the best MT5 accounts available. Again no minimum OctaFX deposit is 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.

OctaFX cTrader Account Minimum Deposit

An OctaFX cTrader account for those who prefer the cTrader platform and the ECN execution it offers is available to all traders around the world. If you haven’t, you could also take a look at our review about the best cTrader forex brokers for more information on all of your choices.

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.

Again, the Islamic account is available for this type of account, too.

octafx website trading platform

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

Following our look at the minimum deposit applied to each account type, let’s now look at how this impacts the OctaFX funding method you can choose from.

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 website deposits segregated accounts

Octa FX Wire Transfer Deposits

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.

OctaFX Credit Card Deposits

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.

OctaFX Bitcoins Deposits

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 fluid depending on BTC value and can be checked directly with the broker prior to making your deposit.

OctaFX Neteller and Skrill Deposits

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.

OctaFX Other Deposits Methods

There are several other payment methods you will find supported by OctaFX. This includes Perfect Money that has a minimum amount of $5 and which will attract a 0.5% commission for what is a typically instant deposit although it sometimes may take a little longer.

Depending on where you are located you may also be able to use local bank deposits and withdrawals alongside more methods like FasaPay though these services are not always available in every area.

OctaFX Minimum Deposit vs Other Brokers

OctaFX provides an accessible minimum deposit amount for many traders. Here in the table below, we compared OctaFX with two other trustworthy brokers for you to take a look at.

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money

Feature OctaFX XM FBS
Minimum Deposit $5 $5 $1/$10
Wire Transfer Yes Yes Yes
Credit Card Yes Yes Yes
PayPal No No No
Number of Deposit Methods 10 9 8
Account currencies EUR, USD USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB,SGD, ZAR USD, EUR, JPY

OctaFX 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. To have a clearer overview on the matter, you should definitely read our forex brokers bonus promotions top ten.

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.

OctaFX Minimum Deposit FAQs

How do I deposit money into OctaFX?

You have a number of deposit options available with OctaFX. These include wire bank transfers, credit, and debit cards as well as the use of Skrill, Neteller, FasaPay, Perfect Money, and you can even make cryptocurrency deposits with Bitcoin.

How long does OctaFX withdrawal take?

All OctaFX withdrawal requests are quickly processed within 1-3 hours if they are made during working hours. If not then they will be processed the next working day. Wire transfers as with all other brokers can take longer to process.


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74-89% of retail CFD accounts lose money

About the Author

Anthony Gallagher

Broker Expert

Anthony is a financial journalist and business advisor with several years’ experience writing for some of the most well-known sites in the Forex world.

A trader turned industry writer, he is currently based in Shanghai with a finger on the pulse of Asia’s biggest markets.

He is a keen golfer with a very high handicap so when not helping you find the best broker for your needs, you may find him on the course or just as likely following any number of sports from the comfort of his sofa.


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