Welcome bonus, octafx bonus conditions.

Octafx bonus conditions


You are free to trade with your welcome bonus account for as long as you like.

Top forex bonuses


Welcome bonus, octafx bonus conditions.


Welcome bonus, octafx bonus conditions.


Welcome bonus, octafx bonus conditions.

After trading two lots and making the bonus withdrawable, you can also keep your profit and bonus funds in the account for as long as you like, or withdraw them right away. The company is entitled to decline the client’s application for the bonus at any time without prior notification or providing any reason.


Welcome bonus


This promotion is not currently active.
We’ve gathered our other great promotions, offers, and contests with money and product prizes for you below.


Active offers, promotions, and contests


8 USD for free in your octafx account


How the bonus works


One welcome bonus for everyone:


Anyone can apply for our welcome bonus, but only once. Our smart sign-up system only allows users to open one welcome bonus account.




50% more to your welcome bonus account:


We offer a 50% bonus on each deposit, allowing our clients to open positions of a higher volume. You can add 50% to your welcome bonus and withdraw all these bonus funds. Note that the 50% bonus has its own terms of withdrawal.




Unlimited bonus trading period:


You are free to trade with your welcome bonus account for as long as you like. After trading two lots and making the bonus withdrawable, you can also keep your profit and bonus funds in the account for as long as you like, or withdraw them right away.




Bonus withdrawal:


After trading two lots, you can withdraw the welcome bonus funds and all profit you make above this sum from your trading account, using via the wide variety of options we offer.




Account verification:


To have the bonus credited to your trading account, you need to submit documents for verification. This is a regulatory requirement for providing security for the client funds.




Available for all accounts:


We have three types of account, to meet the needs of all traders. You can request your welcome bonus be credited to an account opened under the trading platform that suits you best.


Get your bonus





Promotion rules



  • And





  • Agent commission is not applied to any activity around welcome accounts.


    The welcome bonus is credited to a special separate account (hereinafter—‘welcome account’) and cannot be moved to any other account.


    Clients cannot deposit money into the welcome account.


    To withdraw funds from the welcome account, the client should complete trades with an aggregate volume of at least two standard lots.


    Reverse trading is forbidden and will be subject for blocking the associated welcome accounts permanently. All funds will be withheld from such welcome accounts. Reverse trading means opening the same position in reverse destinations on different welcome accounts. (for instance: opening 0.05 lot buy position on EURUSD under one account and opening 0.05 lot sell position on EURUSD under another account simultaneously.)


    Maximum leverage for welcome accounts is 1:500.


    Minimum and maximum volume for the welcome account is 0.01 lot.


    The maximum number of simultaneously open positions is three.


    Opening multiple bonus accounts (including those registered by the client’s relatives, etc.) is forbidden. If the company reasonably suspects that several accounts are managed by the same person or by persons who coordinate their actions, such accounts shall be permanently blocked. All amounts will be withheld from such welcome accounts.


    The welcome bonus may be cancelled by the company at any time. In this case, 8 USD will be withheld from your account.


    Bonuses cannot be canceled by the client.


    Any IP match between two accounts regardless of trading style, name, email, country, etc., shall be considered as multiple account abuse. These welcome accounts will be permanently blocked, and all withdrawals will be declined.


    The client can have only one welcome account


    The company is entitled to decline the client’s application for the bonus at any time without prior notification or providing any reason.


    The company reserves the right to alter, update, or cancel this promotion at any time. The company will notify the clients about any alterations made by posting such notifications on the company news page.


    Individuals from certain countries may be restricted from receiving bonuses.


    Agent commission is not applied to any activity around welcome accounts.


    The welcome bonus is credited to a special separate account (hereinafter—‘welcome account’) and cannot be moved to any other account.


    Clients cannot deposit money into the welcome account.


    To withdraw funds from the welcome account, the client should complete trades with an aggregate volume of at least two standard lots.


    Reverse trading is forbidden and will be subject for blocking the associated welcome accounts permanently. All funds will be withheld from such welcome accounts. Reverse trading means opening the same position in reverse destinations on different welcome accounts. (for instance: opening 0.05 lot buy position on EURUSD under one account and opening 0.05 lot sell position on EURUSD under another account simultaneously.)


    Maximum leverage for welcome accounts is 1:500.


    Minimum and maximum volume for the welcome account is 0.01 lot.


    The maximum number of simultaneously open positions is three.


    Opening multiple bonus accounts (including those registered by the client’s relatives, etc.) is forbidden. If the company reasonably suspects that several accounts are managed by the same person or by persons who coordinate their actions, such accounts shall be permanently blocked. All amounts will be withheld from such welcome accounts.


    The welcome bonus may be cancelled by the company at any time. In this case, 8 USD will be withheld from your account.


    Bonuses cannot be canceled by the client.


    Any IP match between two accounts regardless of trading style, name, email, country, etc., shall be considered as multiple account abuse. These welcome accounts will be permanently blocked, and all withdrawals will be declined.


    The client can have only one welcome account


    The company is entitled to decline the client’s application for the bonus at any time without prior notification or providing any reason.


    The company reserves the right to alter, update, or cancel this promotion at any time. The company will notify the clients about any alterations made by posting such notifications on the company news page.


    Individuals from certain countries may be restricted from receiving bonuses.



    Octafx bonus conditions


    Welcome bonus, octafx bonus conditions.


    Our best spreads and conditions


    The octafx trading app


    Welcome bonus, octafx bonus conditions.


    Golden eight


    The octafx 16 cars trading contest


    Three easy steps to start trading


    Copytrading app


    Welcome bonus, octafx bonus conditions.


    Our best spreads and conditions


    The octafx trading app


    Welcome bonus, octafx bonus conditions.


    Golden eight


    The octafx 16 cars trading contest


    Three easy steps to start trading


    Copytrading app


    Welcome bonus, octafx bonus conditions.


    Octafx copytrading terms and conditions


    Octafx copytrading (hereinafter—‘service’) is a service that allows traders (hereinafter—‘copiers’) to copy trades from other traders (hereinafter—‘masters’), and can be activated by selecting ‘start copying’.


    1. The copier undertakes to do the following to apply for the service:


    1.1. Be registered and logged in as a client on the octafx website


    1.2. Add money to the wallet


    2. The copier is entitled to do the following:


    2.1. Stop copying trades at any given time by selecting ‘stop copying’


    2.2. Edit the parameters of copying via the edit function both prior to investing with a master and in the course of copying trades


    2.3. Copy any number of masters (all current subscriptions can be found under the my tab in the master rating or your copier area)


    2.4. Close any copied trade manually at any time in the copier area


    2.5. Unsubscribe from the master and stop copying the master’s trades by clicking ‘stop copying’. To unsubscribe, the copier needs to have all the trades closed. Upon unsubscription, all funds invested with the master and the profit return to the copier’s wallet


    2.6. Set one of two options how the volume of the copier’s investment will be calculated for participating in every investing operation for every particular master (full-size copying 1-to-1 or in proportion to the copier’s funds). These two options are expressly explained in clause 4, sub-clause 5 of these terms and conditions.


    3. The service is available on the metatrader 4 platform.


    4. Opening copied trades routine:


    4.1. The copier only copies the trades that were opened by the master after the subscription for the master within the service.


    4.2. Stop loss/take profit orders will not be visible in the copier area, but if these orders are triggered on the master’s account, the copied trades are also closed.


    4.3. The balance keeper option is available from the moment of subscribing to the master’s account and is used to customise the copier’s risks when using the service. The copier can set the balance keeper's value at any percentage from 0% to 50% of the invested funds with the master. The balance keeper suspends copying new orders of the master and closes all the existing orders if the copier's equity in per cent of the initial invested funds goes below the set value. The balance keeper triggers on the set value but does not protect from instantly incurred losses, so it can save fewer investments, especially during a period of high market volatility.


    4.4 upon the subscription to a master, the copier specifies the amount of funds to be deducted from the wallet and invested with the selected master. These funds and your profit will return to your wallet when you stop copying the master.


    4.5. The volume of the copied trade is selected from two options:
    4.5.1. Full size copying 1-to-1 means that the volume of the trade the master opens equals to the volume of the copier trade, opened for the copier
    4.5.2. In proportion to the copier’s funds means that the volume depends on the ratio of the leverage and equity for both master’s and copier’s accounts, and is calculated as follows: volume (copied trade) = equity (copier)/equity (master) × leverage (copier)/leverage (master) × volume(master).
    4.5.3. Example: the master account equity is $2000 and leverage is 1:200. The copier account equity is $200 and leverage is 1:500. 1 lot trade is opened on the master account. The volume of the copied trade, therefore, is: 200/2000 × 500/200 × 1 = 0.25 lot.


    4.6. The copiers’ leverage ratio is set at 1:500. The copiers willing to adjust it need to contact the octafx’s customer support.


    4.7. Once the service is activated, the trades will be copied to the copier’s account regardless of whether the owner of the account is signed in or not.


    4.8. The copier's order is executed following the master's order (buy or sell) made in his or her account. The signal for opening an order in the copier's account triggers when the master places an order, and such copier's order is executed at the market's price. The same mechanism triggers the order closing. Therefore, the execution prices of these orders may differ. Additionally, the number of the copiers following this master can affect the execution time.


    5. Limits applied:


    5.1. The minimum volume of the copied trade is 0.01 lot, the maximum volume of a copied trade is 100 lots.


    5.2. If the copied trade volume is less than 0.01 lot after the calculation is made, then the trade will not be opened on the copier account.


    5.3. If the copied trade volume is bigger than 100 lots after the calculation is made, then the trade will not be opened on the copier account.


    6. If the master changes equity (by making a deposit or withdrawal) or leverage, all the copied trades maintain their initial volume on the copier’s account.


    7. All trading conditions (leverage, swaps, spreads) of the copiers’ are similar to the ones for the MT4 micro accounts.


    8. The master account should be of MT4 micro type.


    9. The service is entitled to do the following:


    9.1. Restrict the number of master accounts the masters may create at any time without prior notification at its sole discretion


    9.2. Unsubscribe the copier from the master without prior notification.


    9.3. Reduce the commission set by the master trader and limit its maximum value for all her or his master accounts without prior notification or providing any explanation.


    9.4. Amend these terms and conditions at any time without prior notice to the copier or master trader. Such amendments take effect the moment they are published on the service site in these terms and conditions.


    9.5. Evaluate the master trader's trading, mark the master trader's account with the ‘high-risk strategy’ warning and exclude such account from the master rating filtered by default (will keep it available for the copiers who change their filter settings accordingly).


    10. The master determines the type of commission (of two types—‘fixed per one lot’ and ‘revenue share’) and its amount for copying orders independently. The fixed per one lot commission can range from $0 to $15 per trading lot opened by the copier. The revenue share commission can range from 0% to 50% of the copier’s gain. Commission charges accumulated within one week are paid out to the master’s wallet on saturdays .


    11. The commission amount that the copier pays to the master is set at the moment when the copier presses ‘start copying’. If the master changes the commission amount, it does not affect the amount due under this subscription to the master.


    12. Commission amounts for the IB


    12.1 if the master charges the fixed per one lot commission and is an IB for the copier, the aggregate commission (IB commission + fixed per one lot commission ) should not exceed $15 per trading lot. In this case, the fixed per one lot commission shall prevail. For instance, if the master collects $5 commission per trading lot for IB services and $15 commission per trading lot for master services, such master will get $15 per trading lot in total ($15 per lot— the fixed per one lot commission , $0—IB commission).


    12.2. If the master charges the revenue share commission and is an IB for the copier, the aggregate commission (IB commission + revenue share commission ) has no limitation on the amount that can be earned.


    13. The commission type is set once upon creation of the master account and is not subject to change afterwards.


    14. The copy trading bonus


    14.1. The bonus amounts 50% of the funds invested at the beginning of copying the master.


    14.2. The bonus can only be applied once for a particular master within the dates of the promotion.


    14.3. The bonus cannot be applied to the ongoing investments.


    14.4. The bonus cannot be withdrawn or considered as an integral part of the copier’s investment.


    14.5. If the equity of your account becomes less than the bonus size, the bonus is cancelled.


    14.6. The copier can cancel the bonus manually in the copier area.


    14.7. The bonus is cancelled when the copier stops copying the master.


    14.8. After cancellation, the bonus cannot be applied again or reactivated.


    14.9. The service may reject the copier's bonus application(s) at any time without prior notification or providing reasons for such decision.


    14.10. The service may cancel the copier's bonus at any time without prior notification.


    14.11. If the amount of the copier's personal funds invested with the master trader upon withdrawal/internal transfer becomes less than or equal to the bonus amount, the bonus will be cancelled.


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


    14.13. The service reserves the right to change, update, or cancel this promotion with notification in the service news.


    15.1. The master trader can activate and disable the free trial at any moment.


    15.2. The free trial automatically activates when the copier initiates copying the master account if:
    15.2.1. The master trader has the free trial available for this master account
    15.2.2. The copier has not previously activated the free trial for this master account.


    15.3. If the master trader voids the free trial, it continues to work for the copiers who have already activated it.


    15.4. If the copier stops copying the master account while the free trial is active, the copier cannot reactivate the free trial for this master account.


    15.5. After the free trial expires, the copier's subscription becomes subject to the prior conditions, including the commission amount.


    16. The copier’s trading statistics can only be viewed by the copier.


    17. The master’s trading statistics are available for the public.


    18. The copiers do not have access to the trading terminal. All actions with their subscriptions and trades are made under the copier area.


    19. If the service reasonably suspects that the copier violated the deposit and withdrawal rules set out under the customer agreement or the legislation of the country of the copier's residence, the service is entitled to suspend providing the services to such copier.


    20. Please mind that the master can make both profitable and losing trades.



    50% bonus on each deposit


    1. Open an account


    2. Make a deposit in your account


    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.




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 deposit bonus 50% 2020


    Octafx deposit bonus review


    Octafx is an ECN broker and offers forex & CFD trading. The broker offers bonuses frequently. The octafx broker providing a deposit bonus for a long time. Forex traders love to take this deposit offer on each deposit. 10% to 100% forex deposit bonus


    Octafx deposit bonus details


    Essentially the deposit bonus from octafx is simple. The broker made all details descriptions on their official page, it is including what is the deposit bonus, how the deposit bonus offer works, but here we breakdown all details terms.


    The offer is depending on initially how much you deposit. The percentage of deposit bonus is 10%, 20%, or 50%. Also, octafx offering the maximum leverage that up to 1:1000 and octafx forex demo contest and forex live contest


    Peoples are eligible to take leverage up to 1:1000 if they from malaysia, indonesia, bangladesh, and pakistan. The leverage depends on the country but the bonus is available for all countries. 10% to 100% forex deposit bonus


    You can choose any types of accounts from micro MT4, PRO MT5, and ECN ctrader.


    Check how octafx deposit bonus works


    Joining or getting a bonus is very simple. Here is the guideline of what a trader needs to do:



    • Register on the broker website with micro, PRO or ECN account

    • Verify your account completely

    • Make a minimum $50 deposit using any payment method you like

    • Get your bonus thorough a simple application

    • Get the bonus and start trading 10% to 100% forex deposit bonus


    There is cancelation with the withdrawal. Like if you deposit $50 and get $25, then you withdraw $50 the offer will be canceled, so be aware. 10% to 100% forex deposit bonus


    You can trade regularly after trade regularly you will be able to withdraw profit without disabling the bonus.


    Welcome bonus, octafx bonus conditions.


    Octafx deposit bonus withdrawal


    Often, we see some broker, and all fraud brokers make withdraw is a terrible model, but octafx deposit bonus withdrawal is simple.


    After meeting the required trading condition that depends on the deposit volume, you will be able to withdraw your profit. 10% to 100% forex deposit bonus


    Standard lot number bonus amount in USD / 2, you can withdraw profit as this term.


    Terms and conditions


    A client has to deposit at least $50.


    The withdrawal condition is (bonus amount)/2 (bonus amount divided by two) standard lots.


    After getting the offer amount is not available to any internal transfer. Also not allowed to deposit from any other promotion or contest. 10% to 100% forex deposit bonus


    Octafx reserve to right cancel or change the bonus without any notice.



    Octafx deposit bonus review





    Platform



    Expiration



    Min. Volume


    As with any other deposit bonus review, it’s important to know about the broker who is actually featuring the service. Therefore we encourage you to actually take a quick look at the octafx review here on forextradingbonus to get a good feeling of what kind of broker we’re dealing with.


    If you don’t have time for the details, we generally like what octafx is doing with its service and would recommend it to traders of every caliber. However, we are here to review their deposit bonus, is it good? Is it workable? Let’s find out.


    Octafx deposit bonus details


    Essentially the deposit bonus is pretty simple to comprehend with octafx. They have a very detailed description of how it works, but let us break it down a bit further.


    Depending on how much you deposit as your initial amount, you will be eligible for either a 10%, 30% or a 50% deposit bonus. Meaning you can trade with a lot more funds that you initially deposited. Also considering the broker’s maximum leverage of 1:1000 you’ll be trading with way more than you’ve deposited. Ok, let’s put this into perspective. Say you just deposited $1000 and this makes you eligible for a 50% bonus, so you accept. Now you have $1,500 on your account, but with additional leverage, you can trade a maximum amount of $1.5 million for a single trade.


    Welcome bonus, octafx bonus conditions.


    However, make sure you understand the risks, because not only does this mean large profits, it could also mean horrible losses. There is also one inhibition that you may find with the broker. People eligible for the 1:1000 leverage need to be from the countries of bangladesh, indonesia, malaysia or pakistan. Not only that but, the 1:1000 leverage is also limited to the MT4 accounts. Although this may sound like an issue, it’s no surprise as the broker focuses on those countries mainly, but nevertheless, no matter where you’re from, you’ll still be able to access the 50% deposit bonus.


    Octafx deposit bonus and how it works


    There is a clear guideline of what a trader needs to do to receive the bonus, let’s bring it up.



    1. Register on the broker’s micro or pro accounts

    2. Deposit a minimum of $50

    3. Get your bonus with a simple application

    4. Start trading



    It is as simple as it sounds, there are no tricks like mandatory emails to the broker and etc. However, for security reasons the broker has full right to cancel your bonus if he finds your account activity suspicious. All of this info is included in the terms & conditions so don’t get surprised if this happens to you. Should it happen, you’re always free to contact one of the best customer service systems of the industry at octafx, and they’ll get back to you as soon as possible.


    Also, it’s important to note that the bonus is not permanent. For example, if you deposit $100 and get $50 a bonus, your withdrawal of that $100 will cancel the bonus, so be aware of that as well. However, if you trade regularly, you’ll be able to withdraw your profits from the get-go, without disabling the bonus.


    Withdrawing you octafx deposit bonus


    Many would think that withdrawing your bonus is a terrible business model, but octafx disagrees with this statement. This broker actually allows you to withdraw the bonus funds once you’ve met the required trading amounts, which will vary depending on the volume that you deposit and receive. However, keep in mind that it is for trading and trading only. It isn’t advised to take the bonus out as it will inhibit your ability to trade at high volumes and make better profits.


    Is octafx deposit bonus good?


    Considering all of the features it all boils down to the deal being better than most brokers. Obviously, it isn’t the best deal you can find out there, but considering the quality of the broker and its services, it is still a really good idea.


    Overall, octafx was able to make a solid feature with its bonus by adding the ability to actually withdraw it after a specific traded amount and most importantly, they’ve made it easily accessible. You may not agree with some of the features, like filtering the customer base for the leverage, but it is still one of the best deals you can get in the industry right now.


    Subscribe to receive updates about FX bonuses


    Be the first one to find out about available forex trading bonuses that can be trusted



    Octafx review and tutorial 2021


    Go to the brokers list for alternatives


    Octafx offers multi-asset trading on a range of platforms and mobile solutions.


    Octafx offers leveraged trading on currencies.


    Trade popular digital currencies at octafx.


    Octafx is a forex, CFD and copy trading broker offering the MT4, MT5 and ctrader platforms. In this broker review, we’ll login to the personal area and uncover the key features, including leverage, demo accounts, regulation and more. Read on to find out if octafx is a good forex broker or not.


    Octafx details


    Octafx was established in 2011. The company’s headquarters are located in saint vincent and the grenadines, with an additional support office in jakarta, indonesia. The broker’s EU entity, octa markets cyprus ltd, is located in limassol, cyprus, and is regulated by the cysec.


    With over 1.5 million trading accounts and a long list of forex industry awards, the founder and owner has ensured the company has amassed a global reach.


    Trading platforms


    Metatrader 4


    The MT4 platform is a trusted software used by both individual traders and institutions, due to its ease of use and flexibility.


    The platform allows you to develop your own expert advisors and technical indicators to suit your trading style. In addition to the 30 in-built technical indicators, advanced charting tools allow you to analyse price fluctuations and trends in the market, using 3 customisable chart and graph types.


    Note that MT4 is currently only available for non-EU clients.


    Welcome bonus, octafx bonus conditions.
    Octafx metatrader 4


    Metatrader 5


    MT5 is the next-generation platform that offers all the benefits of its predecessor but with additional speed, accuracy and more advanced features.


    Users enjoy 8 types of pending orders, 44 analytical objects including gann and fibonacci retracement, plus additional technical indicators which are unique to MT5, such as trend oscillators and bill williams’ tools. There’s also an economic calendar as well as two major accounting modes for greater flexibility: hedging and netting.


    Both platforms come in several languages, including english, arabic and hindi, and are compatible with windows pcs. Octafx provides a useful download guide on the website.


    Welcome bonus, octafx bonus conditions.
    Octafx metatrader 5


    Metatrader webtrader


    For those using mac pcs, octafx also offers the web terminal version of MT4 and MT5, meaning traders can access the markets straight from an internet browser.


    The web platforms are highly functional and customisable, boasting the same features found in the desktop versions, including charting tools, market indicators, scripts and expert advisors, plus access to diverse order types and execution modes.


    Ctrader


    The ctrader platform is a robust system designed for forex and CFD trading. The platform includes over 26 in-built chart views and up to 50 chart templates on a fully customisable interface. The platform boasts an impressive suite of 70 technical indicators and 28 chart timeframes, plus advanced level scalping and visual back-testing using cbot. With full market depth, traders can also execute advanced online trading strategies as well as programmable algorithms.


    The ctrader platform is ready to download from the website once you have completed the registration process. The ctrader web terminal is also available for macos users.


    Welcome bonus, octafx bonus conditions.
    Octafx ctrader


    Markets


    Octafx offers some of the most popular products, including:



    • Forex – 28 currency pairs including EUR/USD and USD/JPY

    • Indices – 10 CFD indices available such as US30 and NASDAQ

    • Commodities – including spot gold and silver contracts, plus brent and crude oil

    • Cryptocurrencies – 3 major digital currencies available; bitcoin, ethereum and litecoin



    Trading fees


    Typical variable spreads for EUR/USD are around 0.7 pips in both the metatrader and ctrader platforms. Gold spreads (XAUUSD) start from around 2 pips and major indices such as NAS100 are around 3.5 points. Bitcoin spreads (BTCUSD) are around 3.1 pips. Fixed spreads are also available for MT4 USD accounts.


    Trading commissions are only charged in the ctrader account, at 0.03 USD per 0.01 lots. There are also rollover rates applied on positions held over 3 days. Details of these fees are listed in the product specifications.


    Leverage


    Octafx offers generous leverage limits up to 1:500 for currencies in the MT4 and ctrader accounts. Leverage in the MT5 account is available up to 1:200 on currencies. Metals can be leveraged up to 1:200, indices and energies up to 1:50, and cryptocurrencies up to 1:2.


    Note that EU clients can only trade with leverage up to 1:30.


    Mobile apps


    Octafx delivers mobile app versions of the MT4, MT5 and ctrader platforms, available for iphone and android devices. The apps offer many of the essential features found in the desktop applications, including a complete set of orders in metatrader and full balance, margin and P&L information in ctrader. All trading apps come with a customisable mobile interface with clean and accurate trading functions, as well as custom mobile price alerts.


    Welcome bonus, octafx bonus conditions.
    Octafx MT4 mobile app


    Octafx (non-EU) also offers a downloadable proprietary copy trading mobile app, currently available only on android (APK) devices. The app allows you to manage and keep track of trading accounts whilst on the go. Users can also activate bonuses, access trader tools and deposit into their accounts. The app download process is quick and can be accessed from the google play store.


    Welcome bonus, octafx bonus conditions.
    Octafx mobile app


    Payment methods


    Octafx offers a few fast funding methods which vary depending on your origin country, including bank cards, perfect money and bitcoin. Local bank transfers are also available for traders from certain countries, including thailand, india and nigeria.


    The minimum withdrawal and deposit amounts are 5 USD for perfect money, 0.00096000 for bitcoin and 50 EUR for cards. All deposits methods are generally processed instantly or within a few minutes.


    There are no commissions charged on deposits, withdrawals or currency exchange rates, except for 0.5% on perfect money deposits. The withdrawal time for all methods is 1 to 3 hours to approve and up to 30 minutes to transfer the funds. There is no withdrawal limit on earnings.


    Demo account review


    Octafx traders can open a demo account which provides the same trading experience as a live account but without risking any real investment. Each demo account is loaded with unlimited demo dollars and opportunities to participate in the broker’s demo contest to be one of the next champions. You can sign up for a free demo account in just a few minutes.


    Octafx bonuses & promo codes


    Octafx (non-EU) offers several deposit bonus deals, including a 50% bonus and a 100% bonus during special offer periods. In addition, there’s the trade & win promotion where traders can win gifts such as octafx t-shirts or gadgets. There are also contest opportunities, including the octafx 16 cars contest where traders are entered into a car prize draw every 3 months, as well as the champion demo contest 2020 for MT4 users.


    Make sure to check all bonus terms and conditions before participating.


    Regulation review


    Octa markets cyprus ltd is authorised and regulated by the cyprus securities and exchange commission (cysec), under license number 372/18. EU member state residents are therefore protected by strict regulatory standards, including segregated client accounts and protection by the investor compensation fund.


    The non-EU entity also claims to provide segregated client accounts to protect trader funds, as well as negative balance protection which ensures that trader account balances never fall below zero.


    Additional features


    Traders benefit from a range of additional education features and trading tools at octafx, including video tutorials and webinars, plus regular forex market insights and news. The brokerage also offers profit and margin calculators, as well as a forex signal service with the autochartist plugin and live quotes.


    Octafx also offers a copy trading service, which is available on the desktop terminal and through the android mobile app. The copy trading services allows clients to automatically copy leading traders based on the equity and leverage of both the master trader and the copier’s accounts.


    Welcome bonus, octafx bonus conditions.
    Octafx economic calendar


    Account types


    There are 3 account types available at octafx, which are determined by the trading platform you are using: micro (MT4), pro (MT5) and ECN (ctrader). Accounts are available in USD or EUR. The minimum trade volume across all accounts is 0.01 lots and there is no maximum.


    The main differences between the accounts is the assets available to trade, the spreads and the minimum deposit amounts. The micro and ECN minimum deposit is 100 USD. The minimum deposit in the pro account is 500 USD. Commissions are also charged in the ECN account.


    Account opening is easy and requires the submission of ID documents in line with KYC requirements. In most cases, if your documents are submitted clearly, verification should only take up to 3 hours.


    There is also an islamic swap-free account for those worried about whether trading is haram or halal. Note clients from the united states are not accepted at octafx or octa markets cyprus ltd.


    Benefits


    Traders enjoy several benefits when trading with octafx vs the likes of FBS, IQ option and exness:



    • Metatrader and ctrader platforms

    • Bonuses and contests (non-EU)

    • Commission-free trading

    • EU regulation



    Drawbacks


    Compared to other brokers such as hotforex, XTB and olymptrade, octafx does fall short in some areas:



    • Not FCA regulated

    • Limited funding methods

    • Zero pip spreads unavailable

    • No copy trading on ios devices



    Trading hours


    Trading times in the MT4 and MT5 platforms are 24/5, from 00:00 on monday to 23:59 on friday server time (EET/EST). The ctrader server time zone is UTC +0, though you can set other time zones, such as GMT, for charts and trading information.


    Customer support


    For telephone support, non-EU clients can contact the helpline, +44 20 3322 1059, between 00:00 and 24:00, monday to friday (EET). For EU clients, the number to call is +357 25 251 973 between 09:00 and 18:00, monday to friday (EET).


    There is also an email form, however, the fastest way to get in touch is via the 24/7 live chat service, which you can access by clicking on the chat logo at the bottom of the website. The support team are helpful if you need to know your withdrawal pin, any platform problems, VPS questions, or you want to delete an account.


    In addition, you can find updates on the broker’s social media pages, as well as the octafx youtube channel.


    The broker’s head office addresses are:



    • Octafx, suite 305, griffith corporate centre, beachmont, kingstown, st vincent and the grenadines

    • Octa markets cyprus ltd, 1 agias zonis and thessalonikis corner, nicolau pentadromos center, block: B’, office: 201, 3026, limassol, cyprus



    The broker’s website is available in a number of languages for clients from indonesia, malaysia, pakistan and india.


    Security


    Octafx uses 128-bit SSL encryption and PIN codes in the personal area and trading platforms, which is the industry-standard security requirement for protecting personal data. The broker also applies 3D secure visa authorisation when processing credit and debit card transactions.


    Octafx verdict


    Octafx offers a promising trading service for novices and experienced traders, with a choice of metatrader or ctrader platforms as well as the copytrading app. The broker offers fee-free deposits and withdrawals, plus islamic accounts and a demo solution. The ECN spreads are also decent, though not as competitive as the zero spread accounts offered at other brokers like XM, for example.


    Accepted countries


    Octafx accepts traders from australia, thailand, canada, united kingdom, south africa, singapore, hong kong, india, france, germany, norway, sweden, italy, denmark, united arab emirates, saudi arabia, kuwait, luxembourg, qatar and most other countries.


    Traders can not use octafx from united states.


    Is octafx a legit company and regulated broker?


    Octafx is a legit company registered in saint vincent and the grenadines. The EU entity is registered in limassol, cyprus and regulated by cysec. If you’re unsure whether a broker is a scam or legit company, you can always check out customer reviews online.


    Is octafx a market maker?


    No, octafx is a no dealing desk (NDD) broker and therefore acts as an intermediary between the trader and the real market. Octafx receives commissions from its liquidity providers for each transaction.


    How do I delete my octafx account?


    To delete your account, you will need to get in touch with the customer support team. Note accounts are automatically deactivated if you never deposit or sign in to them.


    How do I open a copytrading account at octafx?


    You can sign up and login to the copytrading account in a few easy steps. Once you login to your personal area, you can set up your copytrading profile and make a deposit to your wallet. You can also sign in to your new account using the android app.


    Why was my octafx withdrawal rejected?


    If you encounter a withdrawal problem, you will receive a notification in your email explaining the issue. Alternatively, if you need to cancel a withdrawal, you can do this within your personal area.


    Does octafx offer any free bonus deals?


    At the time of writing, octafx is not offering any free bonus deals, no deposit bonus deals or promo codes. There are other promotions available for non-EU clients. Make sure to check the bonus conditions before participating.



    Yes, you can legally open an octafx account from 100 countries, including india, pakistan, singapore, ghana and the UAE.



    Octafx bonus conditions


    Welcome bonus, octafx bonus conditions.


    Our best spreads and conditions


    The octafx trading app


    Welcome bonus, octafx bonus conditions.


    Golden eight


    The octafx 16 cars trading contest


    Three easy steps to start trading


    Copytrading app


    Welcome bonus, octafx bonus conditions.


    Our best spreads and conditions


    The octafx trading app


    Welcome bonus, octafx bonus conditions.


    Golden eight


    The octafx 16 cars trading contest


    Three easy steps to start trading


    Copytrading app


    Welcome bonus, octafx bonus conditions.


    Octafx copytrading terms and conditions


    Octafx copytrading (hereinafter—‘service’) is a service that allows traders (hereinafter—‘copiers’) to copy trades from other traders (hereinafter—‘masters’), and can be activated by selecting ‘start copying’.


    1. The copier undertakes to do the following to apply for the service:


    1.1. Be registered and logged in as a client on the octafx website


    1.2. Add money to the wallet


    2. The copier is entitled to do the following:


    2.1. Stop copying trades at any given time by selecting ‘stop copying’


    2.2. Edit the parameters of copying via the edit function both prior to investing with a master and in the course of copying trades


    2.3. Copy any number of masters (all current subscriptions can be found under the my tab in the master rating or your copier area)


    2.4. Close any copied trade manually at any time in the copier area


    2.5. Unsubscribe from the master and stop copying the master’s trades by clicking ‘stop copying’. To unsubscribe, the copier needs to have all the trades closed. Upon unsubscription, all funds invested with the master and the profit return to the copier’s wallet


    2.6. Set one of two options how the volume of the copier’s investment will be calculated for participating in every investing operation for every particular master (full-size copying 1-to-1 or in proportion to the copier’s funds). These two options are expressly explained in clause 4, sub-clause 5 of these terms and conditions.


    3. The service is available on the metatrader 4 platform.


    4. Opening copied trades routine:


    4.1. The copier only copies the trades that were opened by the master after the subscription for the master within the service.


    4.2. Stop loss/take profit orders will not be visible in the copier area, but if these orders are triggered on the master’s account, the copied trades are also closed.


    4.3. The balance keeper option is available from the moment of subscribing to the master’s account and is used to customise the copier’s risks when using the service. The copier can set the balance keeper's value at any percentage from 0% to 50% of the invested funds with the master. The balance keeper suspends copying new orders of the master and closes all the existing orders if the copier's equity in per cent of the initial invested funds goes below the set value. The balance keeper triggers on the set value but does not protect from instantly incurred losses, so it can save fewer investments, especially during a period of high market volatility.


    4.4 upon the subscription to a master, the copier specifies the amount of funds to be deducted from the wallet and invested with the selected master. These funds and your profit will return to your wallet when you stop copying the master.


    4.5. The volume of the copied trade is selected from two options:
    4.5.1. Full size copying 1-to-1 means that the volume of the trade the master opens equals to the volume of the copier trade, opened for the copier
    4.5.2. In proportion to the copier’s funds means that the volume depends on the ratio of the leverage and equity for both master’s and copier’s accounts, and is calculated as follows: volume (copied trade) = equity (copier)/equity (master) × leverage (copier)/leverage (master) × volume(master).
    4.5.3. Example: the master account equity is $2000 and leverage is 1:200. The copier account equity is $200 and leverage is 1:500. 1 lot trade is opened on the master account. The volume of the copied trade, therefore, is: 200/2000 × 500/200 × 1 = 0.25 lot.


    4.6. The copiers’ leverage ratio is set at 1:500. The copiers willing to adjust it need to contact the octafx’s customer support.


    4.7. Once the service is activated, the trades will be copied to the copier’s account regardless of whether the owner of the account is signed in or not.


    4.8. The copier's order is executed following the master's order (buy or sell) made in his or her account. The signal for opening an order in the copier's account triggers when the master places an order, and such copier's order is executed at the market's price. The same mechanism triggers the order closing. Therefore, the execution prices of these orders may differ. Additionally, the number of the copiers following this master can affect the execution time.


    5. Limits applied:


    5.1. The minimum volume of the copied trade is 0.01 lot, the maximum volume of a copied trade is 100 lots.


    5.2. If the copied trade volume is less than 0.01 lot after the calculation is made, then the trade will not be opened on the copier account.


    5.3. If the copied trade volume is bigger than 100 lots after the calculation is made, then the trade will not be opened on the copier account.


    6. If the master changes equity (by making a deposit or withdrawal) or leverage, all the copied trades maintain their initial volume on the copier’s account.


    7. All trading conditions (leverage, swaps, spreads) of the copiers’ are similar to the ones for the MT4 micro accounts.


    8. The master account should be of MT4 micro type.


    9. The service is entitled to do the following:


    9.1. Restrict the number of master accounts the masters may create at any time without prior notification at its sole discretion


    9.2. Unsubscribe the copier from the master without prior notification.


    9.3. Reduce the commission set by the master trader and limit its maximum value for all her or his master accounts without prior notification or providing any explanation.


    9.4. Amend these terms and conditions at any time without prior notice to the copier or master trader. Such amendments take effect the moment they are published on the service site in these terms and conditions.


    9.5. Evaluate the master trader's trading, mark the master trader's account with the ‘high-risk strategy’ warning and exclude such account from the master rating filtered by default (will keep it available for the copiers who change their filter settings accordingly).


    10. The master determines the type of commission (of two types—‘fixed per one lot’ and ‘revenue share’) and its amount for copying orders independently. The fixed per one lot commission can range from $0 to $15 per trading lot opened by the copier. The revenue share commission can range from 0% to 50% of the copier’s gain. Commission charges accumulated within one week are paid out to the master’s wallet on saturdays .


    11. The commission amount that the copier pays to the master is set at the moment when the copier presses ‘start copying’. If the master changes the commission amount, it does not affect the amount due under this subscription to the master.


    12. Commission amounts for the IB


    12.1 if the master charges the fixed per one lot commission and is an IB for the copier, the aggregate commission (IB commission + fixed per one lot commission ) should not exceed $15 per trading lot. In this case, the fixed per one lot commission shall prevail. For instance, if the master collects $5 commission per trading lot for IB services and $15 commission per trading lot for master services, such master will get $15 per trading lot in total ($15 per lot— the fixed per one lot commission , $0—IB commission).


    12.2. If the master charges the revenue share commission and is an IB for the copier, the aggregate commission (IB commission + revenue share commission ) has no limitation on the amount that can be earned.


    13. The commission type is set once upon creation of the master account and is not subject to change afterwards.


    14. The copy trading bonus


    14.1. The bonus amounts 50% of the funds invested at the beginning of copying the master.


    14.2. The bonus can only be applied once for a particular master within the dates of the promotion.


    14.3. The bonus cannot be applied to the ongoing investments.


    14.4. The bonus cannot be withdrawn or considered as an integral part of the copier’s investment.


    14.5. If the equity of your account becomes less than the bonus size, the bonus is cancelled.


    14.6. The copier can cancel the bonus manually in the copier area.


    14.7. The bonus is cancelled when the copier stops copying the master.


    14.8. After cancellation, the bonus cannot be applied again or reactivated.


    14.9. The service may reject the copier's bonus application(s) at any time without prior notification or providing reasons for such decision.


    14.10. The service may cancel the copier's bonus at any time without prior notification.


    14.11. If the amount of the copier's personal funds invested with the master trader upon withdrawal/internal transfer becomes less than or equal to the bonus amount, the bonus will be cancelled.


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


    14.13. The service reserves the right to change, update, or cancel this promotion with notification in the service news.


    15.1. The master trader can activate and disable the free trial at any moment.


    15.2. The free trial automatically activates when the copier initiates copying the master account if:
    15.2.1. The master trader has the free trial available for this master account
    15.2.2. The copier has not previously activated the free trial for this master account.


    15.3. If the master trader voids the free trial, it continues to work for the copiers who have already activated it.


    15.4. If the copier stops copying the master account while the free trial is active, the copier cannot reactivate the free trial for this master account.


    15.5. After the free trial expires, the copier's subscription becomes subject to the prior conditions, including the commission amount.


    16. The copier’s trading statistics can only be viewed by the copier.


    17. The master’s trading statistics are available for the public.


    18. The copiers do not have access to the trading terminal. All actions with their subscriptions and trades are made under the copier area.


    19. If the service reasonably suspects that the copier violated the deposit and withdrawal rules set out under the customer agreement or the legislation of the country of the copier's residence, the service is entitled to suspend providing the services to such copier.


    20. Please mind that the master can make both profitable and losing trades.



    Octafx deposit bonus review





    Platform



    Expiration



    Min. Volume


    As with any other deposit bonus review, it’s important to know about the broker who is actually featuring the service. Therefore we encourage you to actually take a quick look at the octafx review here on forextradingbonus to get a good feeling of what kind of broker we’re dealing with.


    If you don’t have time for the details, we generally like what octafx is doing with its service and would recommend it to traders of every caliber. However, we are here to review their deposit bonus, is it good? Is it workable? Let’s find out.


    Octafx deposit bonus details


    Essentially the deposit bonus is pretty simple to comprehend with octafx. They have a very detailed description of how it works, but let us break it down a bit further.


    Depending on how much you deposit as your initial amount, you will be eligible for either a 10%, 30% or a 50% deposit bonus. Meaning you can trade with a lot more funds that you initially deposited. Also considering the broker’s maximum leverage of 1:1000 you’ll be trading with way more than you’ve deposited. Ok, let’s put this into perspective. Say you just deposited $1000 and this makes you eligible for a 50% bonus, so you accept. Now you have $1,500 on your account, but with additional leverage, you can trade a maximum amount of $1.5 million for a single trade.


    Welcome bonus, octafx bonus conditions.


    However, make sure you understand the risks, because not only does this mean large profits, it could also mean horrible losses. There is also one inhibition that you may find with the broker. People eligible for the 1:1000 leverage need to be from the countries of bangladesh, indonesia, malaysia or pakistan. Not only that but, the 1:1000 leverage is also limited to the MT4 accounts. Although this may sound like an issue, it’s no surprise as the broker focuses on those countries mainly, but nevertheless, no matter where you’re from, you’ll still be able to access the 50% deposit bonus.


    Octafx deposit bonus and how it works


    There is a clear guideline of what a trader needs to do to receive the bonus, let’s bring it up.



    1. Register on the broker’s micro or pro accounts

    2. Deposit a minimum of $50

    3. Get your bonus with a simple application

    4. Start trading



    It is as simple as it sounds, there are no tricks like mandatory emails to the broker and etc. However, for security reasons the broker has full right to cancel your bonus if he finds your account activity suspicious. All of this info is included in the terms & conditions so don’t get surprised if this happens to you. Should it happen, you’re always free to contact one of the best customer service systems of the industry at octafx, and they’ll get back to you as soon as possible.


    Also, it’s important to note that the bonus is not permanent. For example, if you deposit $100 and get $50 a bonus, your withdrawal of that $100 will cancel the bonus, so be aware of that as well. However, if you trade regularly, you’ll be able to withdraw your profits from the get-go, without disabling the bonus.


    Withdrawing you octafx deposit bonus


    Many would think that withdrawing your bonus is a terrible business model, but octafx disagrees with this statement. This broker actually allows you to withdraw the bonus funds once you’ve met the required trading amounts, which will vary depending on the volume that you deposit and receive. However, keep in mind that it is for trading and trading only. It isn’t advised to take the bonus out as it will inhibit your ability to trade at high volumes and make better profits.


    Is octafx deposit bonus good?


    Considering all of the features it all boils down to the deal being better than most brokers. Obviously, it isn’t the best deal you can find out there, but considering the quality of the broker and its services, it is still a really good idea.


    Overall, octafx was able to make a solid feature with its bonus by adding the ability to actually withdraw it after a specific traded amount and most importantly, they’ve made it easily accessible. You may not agree with some of the features, like filtering the customer base for the leverage, but it is still one of the best deals you can get in the industry right now.


    Subscribe to receive updates about FX bonuses


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    Octafx minimum deposit guide (2021)


    Welcome bonus, octafx bonus conditions.


    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.


    Welcome bonus, octafx bonus conditions.


    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:


    Welcome bonus, octafx bonus conditions.


    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





    so, let's see, what we have: learn about the octafx welcome bonus for cfd traders. Currently promo is closed. Stay tuned for updates. At octafx bonus conditions

    Contents of the article




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