How much is OctaFX broker fee?
We do not charge any commission.
| Asset | Minimum Markup over Raw Spreads | Minimum Commission |
|---|---|---|
| Equities | 0.6 pips | $0.00 |
| Cryptocurrencies | 0.6 pips | $0.00 |
| Indices | 0.2 pips | $0.00 |
| Commodities | 0.3 pips to 1.7 pips | $0.00 |
We do not charge any commissions for trading.
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 Safe? Octa is considered Average Risk, with an overall Trust Score of 70 out of 99. Octa is not publicly traded and does not operate a bank. Octa is authorised by one Tier-1 regulator (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and zero Tier-4 regulators (High Risk).
The OctaFX minimum withdrawal amount is between $5 and $50, dependent on the payment processor. OctaFX does not levy internal withdrawal fees, but traders may face third-party payment processor costs, blockchain fees, and currency conversion charges.
One lot is 100,000 units of the base currency. Mini lot equals 0.1 standard lots and constitutes 10,000 units of the base currency. Micro lot equals 0.01 lots and constitutes 1,000 units of the base currency. Direction is whether you plan to execute a Buy or Sell order.
All your profit and loss is real money. Demo account has simulated funds but real market conditions.
We usually process withdrawal requests for 1–3 hours, but it's up to your payment system how long it will take the money to reach the destination. Limits for withdrawals: Skrill, Perfect Money, Neteller—from 5 USD, without the maximum limit.
| Payment option | Min. deposit | Min. withdrawal |
|---|---|---|
| Neteller, Skrill | 50 USD/ 50 EUR | 5 USD/ 5 EUR |
| Bitcoin | 0.0003 BTC | 0.00009 BTC |
| Litecoin | 0.3 Ł | 0.11 Ł |
| Dogecoin | 230 Ð | 75 Ð |
Is my money safe with OctaFX?
Rest assured, your money is safe—we follow a strict order of requests to ensure every one of them is completed. Our customers have always been our priority—we are here for you 24/7. Contact our Customer Support in case you have further questions.
Traders are advised to stay informed and cautious, especially regarding rumors about fake trading apps and potential bans. Disclaimer: It is to be noted that OctaFX does not possess an Indian licence, which authorises it to provide trading services under the Indian legislation.
OctaFX offers a demo account with virtual funds, allowing beginners to practice trading without risking any real money. This is an excellent way to get familiar with the platform and test out different trading strategies.
On the downside, their trading instruments are limited as they only offer upto 50 currency pairs & other CFDs. Also, they could do better in terms of getting regulated with more regulators. But overall, OctaFX is a good broker if you are looking for low-cost forex trading.
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- Frequently Asked Questions.
Is FOREX.com better than Octa? In our analysis of 23 international regulators across 62 of the best forex brokers, FOREX.com is considered Highly Trusted, with an overall Trust Score of 99 out of 99. Octa is considered Average-Risk, with an overall Trust Score of 70 out of 99.
Position traders: position traders have a long-term perspective, holding positions for weeks, months, or even years.
2. From the web-based trading platform, click on “Add Funds” followed by “Withdraw.” 3. Select your payment processor and specify the withdrawal amount (ensure you have sufficient free margin to cover your Forex.com withdrawal and consider the $100 minimum withdrawal amount).
A common approach for new day traders is to start with a goal of $200 per day and work up to $800-$1000 over time. Small winners are better than home runs because it forces you to stay on your plan and use discipline. Sure, you'll hit a big winner every now and then, but consistency is the real key to day trading.
For the U..S dollar, when it comes to pip value, 100 pips equals 1 cent, and 10,000 pips equals $1.
How much is 50 pips in dollars?
How much is 50 pips or 100 pips? A pip usually equals 0.0001 of a Forex pair, so 50 pips equals 0.005, 100 pips—0.01. If one pip is worth $5, 50 pips are worth $250, 100 pips—$500.
The Nigerian government took action Tuesday, blocking the websites of major crypto platforms including Binance, Forextime, OctaFX, Coinbase, Kraken, FXTM, and others.
| 📂 Forex Broker | ⚖Regulation(s) | 💰 Starting deposit |
|---|---|---|
| AvaTrade | CBI, ASIC, CYSEC, FSCA, BVI FSC, FSA Japan, FRSA Abu Dhabi | $100 |
| OctaFX | MISA, CYSEC, St. Vincent & The Grenadines | N30,000 |
| FxPro | FCA, FSCA | $100 |
| Tickmill | FCA | $100 |
The OctaFX minimum deposit is $25 for both commission-free trading accounts, but OctaFX recommends $100 as a starting minimum. Explore additional up-to-date info about OctaFX, in our OctaFX broker review. The OctaFX minimum deposit requirements are: OctaFX MT4 account (OctaFX minimum deposit of $25, NDD/STP account)
However, if you want to withdraw money from your forex trading account, you will have to fill out a form which is available online with your forex broker. If your bank account is linked to your forex trading account (and it likely will be), you can make a request for funds to be credited directly to your bank account.
