Which currencies can I use to deposit my account - Deposit and withdrawal FAQ — Octa (2024)

  • How do I sign up?

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  • What are commodities?

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  • Can I have multiple accounts?

  • What account currencies do you offer?

  • Can I change my account currency?

  • Where can I find the access data?

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  • What trading platforms do you offer?

  • Can I use my account on another platform?

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  • How do I log into MetaTrader 4 with my account?

  • How do I open an order?

  • What order types are available in MetaTrader 4?

  • How do I set Stop Loss and Take Profit?

  • How do I close an order?

  • Where can I see my trading history?

  • How do I open a new chart?

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  • Why I can see only a few currency pairs in MetaTrader 4?

  • What are your stop levels?

  • What do I do if I see 'Waiting for Update' on the chart?

  • Why is the 'New Order' button grey?

  • Why do I see 'Invalid account' in the connection status?

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  • Do you provide EAs or Indicators? Where can I download them?

  • How do I log in to MetaTrader 5 with my account?

  • Why can't I log in?

  • How do I open an order?

  • What order types are available in MT5?

  • How do I set Stop Loss or Take Profit?

  • How do I close a position?

  • Why am I unable to open an order?

  • How can I check my trading history?

  • How can I add EAs or custom indicators to MT5?

  • How can I open a chart?

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  • What deposit bonus do you offer?

  • How can I claim the bonus?

  • Does the bonus support my margin on OctaTrader/MT4/MT5?

  • Can I withdraw the bonus?

  • Why am I unable to claim the bonus?

  • How can I check how many lots I need to trade to complete a bonus?

  • Can I claim a bonus before completing the previous one?

  • Where can I see my bonus(es) in OctaTrader, MT4, and MT5?

  • Why was my OctaTrader/MT4/MT5 bonus cancelled?

  • How can I participate?

  • When does the next round start?

  • My contest account is disabled. Why couldn't I join the contest and start trading?

    See Also
    Octa

  • What is a trading platform? Which platform should I use for trading?

  • Where can I find my contest rank?

  • Can I join the contest right away after signing up?

  • A round starts tomorrow. Why can’t I log into MT4 trading platform?

  • What are the prizes?

  • What is the duration of each round?

  • When does the current round end?

  • When does registration start, and how long does it last?

  • Who can participate in the contest?

  • What is a contest profile picture? Why should I upload it?

  • I can’t enter my nickname in the registration form, what’s wrong?

  • What’s an initial deposit?

  • Can I withdraw money from my contest account?

  • Where can I download the MT4 platform?

  • Should I download MT4, or can I use the browser version of this platform too?

  • What server should I use for the contest?

  • How do I win?

  • What trading techniques can I use?

  • Are hedging or reverse trading strategies allowed?

  • Where can I see contest ratings and check the current round leaders?

  • Where can I see previous rounds results?

  • Can I trade from my smartphone?

  • Can I use my contest account in another rounds or contests?

  • Can I participate in the contest if my Octa account is not verified?

  • What password should I use for trading on MT4?

  • How can I find contest stats for another contestant?

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  • Can I change my contest nickname?

  • Can I withdraw the prize if I win?

  • How quickly will I receive the prize money?

  • What are the trading conditions of the contest?

  • How can I deposit my account?

  • When will the deposited funds be credited to my balance?

  • How do USD/EUR exchange rates vary depending on the deposit method?

  • Are my funds safe? Are your accounts segregated?

  • I have submitted a withdrawal request. When will I receive the funds?

  • Do you charge any fees for deposits and withdrawals?

  • What is the maximum amount of deposits?

  • How frequently can I make deposits or withdrawals?

  • Can I submit a withdrawal request if I have open orders?

  • Which currencies can I use to deposit my account?

  • Where can I review my deposit and withdrawal history?

  • How can I withdraw my funds?

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  • Where can I get promo materials?

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  • What is a trading signal?

  • What is Autochartist?

  • How does Autochartist work?

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  • How often do you send out the reports?

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  • What are prize lots? How are they calculated?

  • Should I trade profitably to receive prize lots?

  • Where can I check my prize lots, and what can I exchange them for?

  • Why don't I receive prize lots even though I'm trading?

  • When will my prize lots expire?

  • Can I withdraw prize lots or add them to my balance?

  • Do prize lots affect my deposit bonus lots?

  • The pin is required on checkout. What PIN is that?

  • What address should I use for delivery? Can it be different from the one I specified in my profile?

  • Are gifts delivered for free?

  • Can I change my order?

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  • How long does it take for my gift to arrive?

  • It's been more than 2 weeks since I ordered the gift. Where is it?

  • Can I track my order?

  • Are Trade and Win gifts free of charge?

  • Can I share photos of my gift?

  • How to participate in #TradeAndWin 25 lots raffle?

  • I ordered a gift and it looks different. Why?

  • How can I join Trade and Win?

  • Who can participate in Trade and Win?

  • Can I claim better gifts if I reach a higher status in the Status Program?

  • How does a faster accumulation of prize lots in Trade and Win work?

  • How do I choose a Master Trader to copy?

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  • How do I adjust the amount of the commission I charge my Copiers?

  • When do I get the commission from my Copiers?

  • When is the commission charged to my Copiers?

  • How do I receive the commission?

  • How much do I have to pay for using the service?

  • How is the Master Trader commission calculated?

  • Why should I enrol in the status program?

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  • How long will it take for my user status to change after depositing a certain amount?

  • Does the status program allow me to make instant deposits and withdrawals?

  • What instruments are in the Forex extended group?

  • Will I lose my status if my overall balance drops below a certain threshold?

  • Does the scope of gifts in Trade and Win depend on my status?

  • What are the VIP events?

  • How does a faster accumulation of prize lots in Trade and Win work?

  • How does the spread reduction work?

  • What is shares trading?

  • How do I start trading shares?

  • How many shares can I trade?

  • What is the commission for trading shares?

  • What can I do with the shares I invested in?

  • Can I use leverage when trading shares?

Which currencies can I use to deposit my account - Deposit and withdrawal FAQ — Octa (2024)

FAQs

Which currencies can I use to deposit my account - Deposit and withdrawal FAQ — Octa? ›

Octa Account Types

What currency can I deposit in OctaFX? ›

What is the OctaFX minimum deposit?
OCTAFX DEPOSIT FEATURESCHARACTERISTICS
OctaFX MT5 account$50 minimum deposit
Deposit feesNo
Withdrawal FeesNo
Base currenciesUSD, EUR
1 more row

What currency does OctaFX use? ›

What account currencies do you offer? With us, you can open a USD account. Deposit your accounts in any currency—and we will convert your funds into USD with the exchange rate set by the payment system you use.

How to deposit and withdraw money in OctaFX? ›

How to deposit funds
  1. To make a deposit, log in to your profile.
  2. Press the New Deposit button.
  3. Select the account you want to top up.
  4. Choose your preferred transfer method. You can deposit money using several payment methods. We have prepared step-by-step guides for the most popular of them:

Which exchange is OctaFX on? ›

OctaFX MT5

FTSE 100 (UK100): The top 100 blue chip companies on the London Stock Exchange. The index is said to map more than 80% of the total capitalisation in the United Kingdom.

Can I withdraw money from OctaFX? ›

You can only withdraw money after verifying your profile—this is required by law. Log in to your Personal Area on our site. Further actions depend on whether you want to withdraw money from your Wallet or your trading account.

Can I deposit Naira in OctaFX? ›

Our minimum deposit is USD, but it might change depending on your region and the payment option. For example, the minimum deposit for OctaFX in Nigeria is 15,000 NGN.

How much is withdrawal from OctaFX? ›

OctaFX Withdrawal Bottom Line

OctaFX does not levy internal withdrawal fees, but traders may face third-party payment processor costs, blockchain fees, and currency conversion charges. OctaFX supports bank wires, credit/debit cards, Skrill, Neteller, Bitcoin, Litecoin, Dogecoin, Tether ERC-20, and Tether TRC-20.

Is OctaFX illegal to use? ›

The OctaFx app and its website have not been authorised by the Reserve Bank of India (RBI) to deal in forex trading. The ED officials said that this forex trading platform is widely promoted on social networking sites and is following referral-based incentive models for acquiring users to their platforms.

What is the minimum deposit for OctaFX in Nigeria? ›

Best Forex Brokers in Nigeria
📂 Forex Broker⚖Regulation(s)💰 Starting deposit
AvaTradeCBI, ASIC, CYSEC, FSCA, BVI FSC, FSA Japan, FRSA Abu Dhabi$100
OctaFXMISA, CYSEC, St. Vincent & The GrenadinesN30,000
FxProFCA, FSCA$100
TickmillFCA$100
4 more rows
Mar 9, 2024

What is the minimum deposit for octa? ›

What is the minimum deposit for Octa? Minimum deposits at Octa will vary depending on your country of residence and your chosen payment method. They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR).

Does OctaFX work in USA? ›

Yes, OctaFx is an international forex and CFD broker that offers online trading globally. Some key facts: Clients from 100+ countries - OctaFx accepts clients and processes trading accounts from over 100 countries worldwide.

Is octa trading real or fake? ›

Answer: Yes, Octa is a legally established international company which has been serving millions of clients around the world for over 12 years. The broker possesses multiple internationally recognised licenses, including licenses issued by FSCA in South Africa, CySEC in Cyprus, and MISA in the Comoros..

Is OctaFX only for forex? ›

OctaFX is an online forex broker that provides trading services to individuals and institutions. It offers a platform for trading various financial instruments, including forex, commodities, indices, and cryptocurrencies.

How to change currency in OctaFX? ›

No, unfortunately, you cannot change your account currency. But you can always create a new trading account in your profile.

How much currency can I load in forex card? ›

How much foreign currency can I load onto my Forex Card? Your Forex Card needs be loaded with an amount that is in compliance with RBI and FEMA regulations. As per those regulations, travellers can carry up to US$ 2,50,000 or equivalent worth of forex abroad in one financial year.

Can I deposit $5 in OctaFX? ›

Deposit. Make your first deposit: the minimum investment size is about 25 USD depending on the payment method you are using.

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