OctaFX Account Type Comparison

May 24, 2023 56 0

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 MT5

RECOMMENDED FOR:

SMART TRADER

For smart tech trading

OctaFX MT4

RECOMMENDED FOR:

HABITUAL TRADER

For an easy start

OctaFX cTrader

RECOMMENDED FOR:

PROGRESSIVE TRADER

for more transparency in pricing

SPREAD
Floating, starting at 0.6 pips	Floating, starting at 0.6 pips	Floating, starting at 0.8 pips
COMISSION/SPREAD MARKUP
No сommission, markup	No сommission, markup	Сommission, markup
RECOMMENDED DEPOSIT
100 USD	100 USD	100 USD
INSTRUMENTS
32 currency pairs + gold and silver + 3 energies + 10 indices + 5 cryptocurrencies	32 currency pairs + gold and silver + 3 energies + 4 indices + 5 cryptocurrencies	28 currency pairs + gold and silver
LEVERAGE
1:500 for currencies (1:100 for ZARJPY) 1:200 for metals 1:100 for energies 1:50 for indices 1:25 for cryptocurrencies	1:500 for currencies (1:100 for ZARJPY) 1:200 for metals 1:100 for energies 1:50 for indices 1:25 for cryptocurrencies	Up to 1:500 for currencies 1:200 for metals
MINIMUM VOLUME
0.01 lot
MAXIMUM VOLUME
500 lots	200 lots	10,000 lots
EXECUTION
Market execution in under 0.1 second
PRECISION
5 digits
DEPOSIT CURRENCIES
USD or EUR
MARGIN CALL/STOP OUT LEVEL
25% / 15%	25% / 15%	25% / 15%
HEDGING

SCALPING

EXPERT ADVISORS

SWAPS
No swap	Optional	No swap
OVERNIGHT COMMISSIONS
3 days fee	Swap / Swap free commission	Weekend fee
CFD TRADING

CRYPTOCURRENCY TRADING

OPEN OCTAFX MT5	OPEN OCTAFX MT4	OPEN OCTAFX CTRADER

OctaFX Trading Accounts FAQ

Does OctaFX offer demo accounts?

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.

How do I open a demo account?

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 top up my demo account balance?

Switch to your demo account in the Personal Area and click Top up demo account at the top of the page.

Does OctaFX deactivate demo accounts?

Yes, we do, but only if they go inactive and you do not log into them.
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.

Does OctaFX deactivate real accounts?

Yes, we do, but only if you never added money to them and do not log into them.
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.

Can I have multiple accounts?

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.

What account currencies do you offer?

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.

Can I change my account currency?

Unfortunately, you cannot change your account currency, but you can always open new trading account in your Personal Area.

Where can I find the access data?

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 download my account statement?

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.