OctaFX Account Type Comparison
By Forex Blog
What types of accounts does OctaFX offer?
OctaFX offers a wide range of trading accounts suitable for any trading strategy and any level of your trading experience. Both real and demo accounts are available on three trading platforms – MetaTrader 4, MetaTrader 5 and cTrader. You can compare accounts and chose the one fitting your individual requirements
OctaFX Trading Accounts FAQ
Yes, you can open as many demo accounts as you want in your Personal Area, to practice and test your strategies. You can also win real funds by participating in the OctaFX Champion or cTrader weekly demo contests.
Does OctaFX offer demo accounts?
Log in to your Personal Area, select Trading Accounts, and press Open Demo Account. Then select your preferred trading platform and press Open Account. Demo accounts emulate real market conditions and prices and can be used to practice, get familiar with the platform, and test your strategy risk-free.
How do I open a demo account?
Switch to your demo account in the Personal Area and click Top up demo account at the top of the page.
How do I top up my demo account balance?
Yes, we do, but only if they go inactive and you do not log into them.
Does OctaFX deactivate demo accounts?
Expiration time of demo accounts:
- MetaTrader 4—8 days
- MetaTrader 5—30 days
- cTrader—90 days
- Demo contest account—immediately upon the end of the contest round.
Yes, we do, but only if you never added money to them and do not log into them.
Does OctaFX deactivate real accounts?
Expiration time of real accounts:
- MetaTrader 4—30 days
- MetaTrader 5—14 days
- cTrader—does not expire.
You can create a new account at any time—its free.
We do not limit the number of demo accounts you can open. However, please note that you cannot create more than two real accounts unless at least one of them is used for trading. In other words, you can only open a third account if you perform at least one deposit and/or complete a trade using one of the existing accounts.
Can I have multiple accounts?
As an OctaFX client you can open USD or EUR accounts. Please be aware that you can deposit these accounts in any currency and your deposit will be converted into the currency of your choice with the currency rate set by a payment system. If you deposit USD to your EUR account or vice versa, the funds will be converted using the current EURUSD rate.
What account currencies do you offer?
Unfortunately, you cannot change your account currency, but you can always open new trading account in your Personal Area.
Can I change my account currency?
All access data including account number and trader password are sent by email after the account is opened. If you lose the email, you can restore your access data in your Personal Area.
Where can I find the access data?
You can download your account statement in the Personal Area: find your account in "My accounts" list, click drop down arrow and select "Trades History". Select the dates and click on "CSV" or "HTML" button depending on the file format you require.
Where can I download my account statement?
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