Octafx no deposit bonus

The $8 no deposit forex welcome bonus is a nice way to get to know octafx, but the fact that you can't use it in a 'normal' account is a drawback.

Top-3 forex bonuses

Forex Bonus Review OctaFX, octafx no deposit bonus.

The bonus requirement of 8 standard lots to be able to withdraw the no deposit bonus is higher than usual for forex no deposit bonuses this size. Minimum account size: $5 (micro account)

Forex bonus review octafx

bonus
spread
support
trading software
product range
regulation

Octafx offers an $8 forex no deposit bonus as a forex welcome bonus to all new traders. In addition, it offers a 30% deposit bonus on each deposit.

Please make sure you verify your account , as it is needed to receive the $8 no deposit bonus (more info under 'bonus details'). Octafx uses metatrader4 for as its trading platform. Spreads are competitive. Smallest accounts are micro accounts (1 pip = 10 dollar cent).

Bonus details

Getting the $8 forex no deposit bonus is very simple:

Open account at octafx

Verify your account

$8 will be credited to your account.

Getting 30% deposit bonus is equally simple: you will get it with each deposit. There are a couple of rules of course:

Promotion rules forex no deposit bonus octafx

The no deposit bonus will be deposited in a special welcome account

You need to trade 8 standard lots to withdraw the bonus

You need to trade 2 standard lots to withdraw profits

No more than 3 positions open at the same time

Only 1 account per household

Promotion rules for deposit bonus octafx

You need to trade (bonus amount) / 2 (bonus amount divided by two) standard lots to withdraw the bonus.

You cannot withdraw later bonuses before withdrawing earlier ones. So if you deposit twice, your trading volume will first count. Towards the first bonus, and when that forex bonus is free, to the second bonus.

If the account balance is less than the bonus, the bonus will be cancelled.

If you withdraw before meeting the bonus requirements, the bonus will be cancelled.

About octafx

Founded: 2011

Regulated by: international business companies, in saint vincent and the grenadines

Company registration: saint vincent (british commonwealth) license number 19776 IBC 2011

Minimum account size: $5 (micro account)

Minimum position size: 0,01 lot

Leverage: max 500:1

Spread: floating spreads, EURUSD typically around 1.5 - 2.0

Support: good. Contact is possible through chat, email and phone (china, indonesia, malaysia, st. Vincent).

Extra information

Octafx uses only metatrader as its trading platform. It has no webtrader, meaning it is not very suitable for apple and linux users. It also offers no mobile trading for smartphones of its own.

Octafx offers the 12 most important currency pairs plus gold and silver for its micro accounts, and adds more exotic currency pairs to its ECN accounts. No stocks, no (other) commodities.

The $8 no deposit forex welcome bonus is a nice way to get to know octafx, but the fact that you can't use it in a 'normal' account is a drawback. The bonus requirement of 8 standard lots to be able to withdraw the no deposit bonus is higher than usual for forex no deposit bonuses this size.

Payment options include mastercard, visa, moneybookers, liberty reserve, cashu and bank wire.

Octafx minimum deposit guide (2021)

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.

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.

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:

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

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

Apply for a 50% bonus.

Set a maximum leverage.

Open positions of up to 750 times greater than your initial investment.

On special occasions

Make a deposit and track our offers.

Seize the best trading conditions during our events.

Multiply your profit potential 2,000 times.

Promotion rules

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 no deposit bonus

Language support: bengali, chinese, english, hindi, indonesian, malay, portuguese, spanish, thai

Create trading accounts, modify leverage, enable swap-free options, edit and restore passwords

Make deposits and withdrawals using the most popular payment options

View your detailed overall or account operation history, apply convenient filters to it and cancel your previous deposit

Start trading in a compatible trading platform app

Top up your demo account

View contest statistics and access your contest accounts

Activate bonuses and view statistics on active and completed bonuses

get it on

Forex trading accessibility for everyone

Octafx - one of the best forex brokers on the market, for traders all round the world. Octafx offers access to CFD trading, commodity trading and indices trading with award-winning forex trading conditions. As well as access to the forex market, octafx offers a variety of promotions that can help you:

50% bonus on deposit

Negative balance protection

Why choose forex trading with octafx

Octafx forex broker ensures reliable forex trading conditions to provide traders of all skill levels with an opportunity to earn more. This is possible due to:

No commissions on deposits and withdrawals

No swaps

No slippage

No delays

Octafx sign up bonus

A first time octafx sign up bonus is not offered by octafx.

Traders who register a real account with octafx are not offered with either a first time sign up bonus, or a welcome bonus.

Octafx offers a 100% deposit bonus on each deposit which applies to both new and existing traders when a deposit of at least US dollar 50 is made into the trading account.

To make the deposit withdrawable, traders will have to comply to the trading requirements of a certain amount of lots to be traded. This will be determined by the amount that the trader deposits into the trading account.

Brokers often offer these broker bonusses to new traders in an effort to draw in more customers in addition to encouraging trading activities. Offering a deposit or welcome bonus is the best way in which to assure traders that they will receive some money back depending on the initial deposit made.

Various brokers also offer no deposit bonuses to traders in the same effort to draw in more customers and bonuses like this may aid not only the broker in acquiring new clients, but also traders who have strict budgetary restrictions.

Referral bonus

Octafx does not currently offer referral bonuses to new or existing traders who make use of the products and services offered by octafx. The only referral program which is offered, is only available to introducing brokers.

Referral bonuses are offered by brokers to traders in an attempt to draw in new clients and expand their customer base.

Often these types of bonuses have strict criteria that will have to be fulfilled before the trader can benefit from referring a friend or family member.

Some of the criteria includes, but is not limited to:

The referral has to register a real account with the broker using a unique referral link so that the registration can be traced back to the trader.

The referral bonus is only applicable should referrals register a real account as these bonuses are not available when using a demo account.

A certain minimum deposit amount has to be made by the referral.

The referral may be required to execute a certain number of trades on the new account before the trader becomes eligible to receive the referral bonus

Referral bonuses may also have a limited time in which they can be utilized by traders, perhaps in a given month that brokers see a decrease in activity and attempts to counter it by providing such bonuses.

Additional bonuses, promotions and rewards

Octafx does not currently cater for trading bonuses and there are no current initiatives to reward loyal customers.

Trading bonuses serve the purpose of encouraging traders to increase their trading activity in addition to trading higher volumes to gain access to bonuses that offer some cashback.

Pros and cons

PROS	CONS
1. Deposit bonus offered to new and existing traders	1. Welcome bonus, , no deposit bonus , and first time sign up bonus not offered
2. No referral bonus offered
3. No trading bonus for loyal customers

Conclusion

Octafx offers traders who either register a real account, or those who already possess one, the chance of receiving a bonus every time they fund their trading account.

The conditions involved are stricter than when compared to other brokers who offer this type of bonus. Although there are no other bonusses offered, octafx has a competitive offering in addition to catering for both beginner and expert traders.

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:

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.

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 review

Editors summary

Octafx is relatively well established in relation to some of the other forex brokers; however, they don't hold any licensing and regulation from recognised sources. This doesn't appear to have done them any harm, and they have over 100,000 traders with new members signing up regularly. They state that they are committed to providing excellent customer service and there doesn't seem to be any reason not to trust them.

Risk warning: the products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad disclosure: some of the links that you will find on this website are advertisements for which we do receive financial gain for referring new customers.

Introduction

Octafx or octa markets inc. Was established in 2011 in st. Vincent and the grenadines. Since then, they have grown to provide their forex trading services in over 100 countries worldwide and claim to offer the lowest spreads in the industry. They use the most up-to-date technology to provide a "convenient" trading experience for their many clients.

With convenience and high standards being two of their core values, they are continually striving to improve the user experience and make sure they stay at the forefront of the forex market. Their team of experts are always working to provide new services and new promotions while retaining their commitment to the customer experience.

While you may like the look of octafx, how can you be sure that they are the broker for you? Do they offer the right trading experience and how much do you need to invest to open an account? These are all of the things that we research on your behalf so that you can make an informed decision based on our findings.

Account types

While some brokers offer one or two accounts and other brokers as many as eight, octafx seems to fall somewhere in the middle with an offering of three main accounts plus a demo. We take a look at each of these accounts and their trading features:

Micro account

The micro account is designed for the novice trader and is perfect for those just starting. It is built for the MT4 platform and requires a deposit of $100. The spreads available start from 0.4 pips and leverage of up to 1:500 can be achieved.

Pro account

For the slightly more experienced trader, the pro account requires a recommended deposit of $500. For this, you can enjoy spreads from 0.2 pips and up to 1:200 leverage. The account holder then has access to the MT5 platform with various charts and data analysis.

ECN account

Built on the ctrader platform, the ECN account is for the progressive trader. With a $100 deposit, you can enjoy spreads of 0 pips and up to 1:500 leverage. The ctrader platforms mean that you can customise your experience.

Demo account

It wasn't easy to access the demo account as there were no apparent links or promotion of it, however after some searching we discovered the link in the practice area. You can open as many demo accounts as you want to practise and test your strategy.

Trade features and payouts

What can you expect from trading with octafx in terms of payouts, leverage and other trading features?

Leverage

The amount of leverage you can use depends on the account type you open. Leverage is another way of describing how you can multiply your funds. Using leverage of up to 1:500 you can increase your trading capital but remember, the more you leverage, the more of your investment you risk.

Spreads

Octafx claims to offer the lowest spreads available. They certainly seem very low when you look at what can be achieved ranging from 0-0.4 pips for the various account types.

Stop loss

To limit your loss on a position, you can exercise the stop loss feature. Often this is coupled with a take profit option as well. It allows you to trigger an exit from the trade when a specific price is reached. It doesn't require you to be online; you activate it when you have executed the trade.

Platform types

Many brokers use the metatrader platforms unless they have their proprietary software, and octafx is no exception. They offer three types of platform all with their own associated accounts:

Bonuses and promotions

There is a standard bonus offer that is available when you open an account with octafx and when you continue to make deposits. Open an account with a minimum deposit of $50 and get 50% bonus. That's a $75 bonus available to trade with straight away. Every time you make a further deposit you continue to receive the bonus.

In addition to the bonus, there are also two contests available; the champion demo contest with cash prizes of up to $500 and the ctrader weekly contest that offers cash prizes up to a value of $150.

Mobile trading

With octafx you can choose your mobile trading experience. If you are new to trading, then you may prefer the micro account on the MT4 platform which gives you a much more minimalistic view of the platform. If you are feeling a little more confident or have a bit more experience, the charts available with MT5 may be more what you are looking for.

You can download an app for ios and android with whichever version you choose, and the apps are suitable for mobile phones and tablets. This is the perfect portfolio of options for those who have varying degrees of experience and like to trade on the move.

Octafx is fairly well established in relation to some of the other forex brokers.

Deposits and withdrawals

Right at the top of the website is a link to "deposit and withdrawal". Click on this and takes you to a page where you can find all of the information that you need. There are no fees charged on deposits and withdrawals, and there are various methods of making a deposit. If you are using a credit card you will need to deposit a minimum of $5. With skrill and neteller it is $50.

Once you are ready to make a withdrawal request the amount you want to withdraw and the funds will be returned to the method of withdrawal. The minimum amount you can withdraw is limited to $5 with neteller and skrill.

Special features

Often certain features make a broker stand out or that give them an edge. Sometimes there are offered by other brokers because it is hard to be unique, but even so, there are those things that draw you to a particular broker. Trading with octafx offers the following:

Customer support

A good test of a broker is how visible they are and what sort of customer support they offer. If you are a new trader, you want to know that you can get answers to your questions and queries. Octafx provides many methods to get hold of support including a live chat box in the bottom of the screen, telephone numbers and even a what's app number for texts.

In addition to this there is an address for correspondence and email addresses for the various departments. There are telephone numbers for different countries as well. If you want to make your queries a little more public, they also offer links to their social media pages.

We want to help our readers in any way we can, but sometimes it's better to talk directly with your investing site to get the answers you need. For example if you have a specific query about your account you'll need to contact them in person due to security.

Alternatively, if you find that contacting your investing partner isn't working, you can contact us and we will be more than happy to try on your behalf. We have excellent working relationships with many of the sites we list and recommend.

Octafx

Email: [email protected]

Phone: +44 0203 322 1059

Address: octafx, suite 305, griffith corporate centre, beachmont, kingstown, st. Vincent and the grenadines

Conclusion

Octafx is fairly well established in relation to some of the other forex brokers however they don't hold any licensing and regulation from recognised sources like cysec and the FCA. They do state that they act following international legislation and regulation standards. This doesn't appear to have done them any harm, and they have over 100,000 traders with new members signing up regularly. They state that they are committed to providing good customer service, and there doesn't seem to be any reason to believe that they aren't a broker that you should trust.

Their technology and trading platforms offer everything for the new to the more experienced trader, and they are continually looking at ways to improve and update their platforms. With competitive spreads, robust trading features and regular bonuses, octafx seems to offer what many of you are looking for.

Our review rating system (more info)

To ensure our readers know how our experts get to their conclusions, we feel it's essential to be transparent about the rating system we use. All our ratings focus on seven key factors which are shown below. Some of these factors carry more weight than others due to their importance. The importance of a factor has ultimately been decided by our readers and years of their feedback.

Octafx deposit bonus

Platform

Expiration

Min. Volume

One of the clear-cut ways of making traders excited and pleased with the trading experience is to offer them a good bonus. With a promotion, brokers make high-level trading a bit more accessible and lucrative for their clients.

Octafx is known for its outstanding trading platform on the internet. The vast majority of online reviews talk about how its offerings are true to life and offer great opportunities to the traders. One of their main discussing points is the octafx deposit bonus which promises the clients to increase their every deposit by up to half of the initial size.

If you are already intrigued, let’s not waste any of your time anymore and jump right into reviewing this bonus.

A brief review

Unlike other deposit bonuses, the octafx deposit bonus is a recurring promotion. This means that no matter how many times you make a deposit on the platform, you’re still eligible for the bonus. We cannot imagine any single trader who wouldn’t be excited about such an offer.

Another great feature of this bonus, as well as the broker itself, is the fact that traders can choose from three different account types on the website. For example, if they want a micro-account with smaller deposits and position sizes, they can choose a metatrader 4 account which, as the name suggests, features MT4 trading software.

The more experienced traders can easily go with the pro account that features metatrader 5, or the ECN account that offers ctrader for better flexibility and direct connection with the liquidity providers. And for all three accounts, the 50% bonus is readily available at any time.

On top of that, traders can deposit their money using the most sophisticated platforms existing today. For instance, if they prefer cryptocurrencies, they can use bitcoin to deposit cash, but if they don’t trust digital tokens, they can always use e-wallets like skrill or regular credit cards.

How to get the octafx deposit bonus?

After this brief overview, let’s see how you can participate in this bonus program and increase your deposits, as well as possible profits. The very first thing any trader needs to do is create a micro, pro, or ECN account on the platform. While all of those accounts are available for any trader, people must make sure that they are choosing the one most suitable for their needs.

So, after the account is opened, the next thing is to actually make a deposit on the account balance. One of the great things about the octafx broker is that it has a very low minimum deposit requirement and certainly more so when considering other brokers’ requirements.

Traders can deposit as low as $50 on their trading account, whereas other brokers demand hundreds, even thousands of dollars to be transferred. This is a great feature for beginner traders who want to minimize risks and maximize profits. And as mentioned earlier, traders can use credit cards, as well as e-wallets and even cryptocurrencies to make the actual deposit.

And that’s pretty much it: once you’ve opened up an account on octafx and made your first deposit, you’re already eligible for the 50% deposit bonus that will greatly improve your trading outcomes.

How to actually use the bonus with a margin?

Next up, let’s discuss how you can use the octafx 50% deposit bonus in real life and how you can incorporate additional features to make your positions even more lucrative. To illustrate this point more clearly, let’s use an example:

Let’s say you want to open the pro account on octafx. The minimum deposit amount necessary for it is $500. So, you’ve deposited the cash and are ready to start trading right away. For the sake of this example, let’s first assume that you didn’t claim any bonus and proceeded without any promotions.

Now, say that you want to trade the EUR/USD currency pair. As the broker mentions, traders can use the leverage up to 1:200 for the forex pairs, therefore, you can use your $500 and turn it into a $100,000 trading position. Right away, you can see that your chances of getting a higher profit have increased quite a lot – 200 times, actually.

Now, let’s say that you did choose to enroll in the bonus system. As we’ve discussed above, you’re already eligible for a deposit bonus program where you can choose a bonus from 10% up to 50%. For this example, let’s say you chose 50% and received $250 more on your account.

So, the leverage will be applied not to the $500 initial deposit but to $750 which, in this case, will become $150,000. As you can see, now you can get 300 times more profit than your initial position, and 1.5 times more than the one with the leverage but no bonus.

All of that applies to the real-world results. For instance, if you were to gain 10 pips as a profit, the first non-bonus option would yield $100 of profit. But if you chose the 50% bonus, then your profit would reach $150. You can decide for yourself which one is better.

How to withdraw the bonus money?

It seems that the benefits with the octafx bonus don’t stop. This next point is about the ability to actually withdraw the bonus funds. Now, while you can certainly do that, there are some requirements that you need to fulfill first.

Here’s the thing: when you receive the 50% bonus – or whatever your choice is – the broker will set a certain traded volume that you’ll need to reach before being able to actually withdraw the bonus funds.

Here’s how it works: when you deposited that $500 on your account and received a $250 bonus, that amount automatically set you a minimum traded limit of 125 lots that you need to complete. The calculation is pretty straight-forward: the bonus amount in USD must be divided by 2 and you’ll get your required volume.

So, basically you need to keep trading and not rendering your account inactive if you want to actually withdraw the bonus money. But still, even with this requirement present, the octafx deposit bonus is way more beneficial than other bonuses because it allows you to really take that money and not have it locked on a virtual account.

Some additional benefits

Now that we’ve discussed all the main benefits of this bonus, let’s discuss some of the smaller ones that are also pretty advantageous. The first one is the ability to actually choose the amount of bonus that you want to apply to your deposits. You can choose from 10% all the way up to 50% bonus which can definitely prove useful on some occasions.

Another benefit is the ability to choose when to apply the bonus: at any time of the trading can you use the octafx deposit bonus to increase your trading outcomes. On top of that, you’re also able to cancel the bonus at any time. But you need to keep in mind that the bonus amount will be deducted from your margin fee in its entirety.

Octafx deposit bonus – a roundup

So, what’s the bottom line of this octafx bonus review? Does it hold up against some of the most competitive deposit bonuses on the market? We think that yes, it certainly does and even offers some of the better options. For starters, the bonus adds an additional half to your initial deposits and increase your prospective profits.

Not only that, you can apply for this bonus as many times as you want. As long as you meet the certain requirements listed above, you’ll be able to increase your deposits every single time. And with the help of margin trading, even larger profits will come flying to your account balance – that’s, of course, if your trades are successful.

All in all, the octafx deposit bonus is a very good promotion and is certainly worth trying out!

Octafx

Octafx overview

Octafx is an ECN broker, it was launched in 2011 and registered in st.Vincent and the grenadines. Octafx offers to trade cryptocurrencies via cfds, forex, metals, and indices. Octafx regulated by cysec and offers ctrader suite and metatrader trading platform. The broker octafx has two versions of website one is octafx.Com and another one is octafx.Eu. Octafx.Com is registered in st. Vincent and the grenadines and octafx.Eu is regulated by the cysec (cyprus securities and exchange commission) for european union users. But there is no restriction to use octafx.Com website for european union users, they can take advantage of high leverage.

Octafx is suitable for both professional and beginner traders and offers 3 types of accounts (micro, pro, and ECN).
Regulations and security

Octafx is a regulated broker and operated by octa markets incorporated, governed by the law of saint-vincent and the grenadines.

Broker overview

Website	visit website
broker type	ECN/STP forex broker
demo link	open demo account
founded	2011
country	st. Vincent and the grenadines
headquarter	suite 305, griffith corporate centre, beachmont, kingstown, st. Vincent and the grenadines
regulation	regulated by cyprus securities and exchange commission (cysec) licence number: 372/18
int offices	st. Vincent and the grenadines
phone	+17844574224
fax	no
email	support@octafx.Com
website lang	english, chinese, indonesian,malay, spanish, portugees, hindi, urdu, thai, bengali, german
accept us clients	no
account currencies	USD
trading platforms	MT4, MT5, ctrader (mobile, desktop and web)
promotions	50% welcome deposit bonus promotion and CHAMPION MT4 DEMO CONTEST
no deposit bonus	no
welcome bonus	up to 50% welcome deposit bonus promotions
commission	yes
withdraw options	bank wire, debit/credit card, neteller, skrill, fasapay, local payment means in: indonesia, malaysia, bangladesh, pakistan, nigeria, thailand, india
account funding methods	bank wire, debit/credit card, neteller, skrill, fasapay, local payment means in: indonesia, malaysia, bangladesh, pakistan, nigeria, thailand, india
other trading instruments	yes
min deposit	5
max leverage	1:500
mobile trading	yes
web trading	yes
news trading	yes
type of spread	fixed and even negative
minimum spreads	0.2 pips
lowest spread on eur usd	0.2 pips
precision pricing	4 and 5 digits
free demo account	yes
mini accounts	yes
islamic accounts	yes
VIP accounts	yes
ecn account	yes
swap free accounts	yes
segregated accounts	yes
managed account	yes
interest on margin	yes
trading contests	yes
hedging	yes
expert advisors	yes
one click execution	yes
oco orders	yes
gold silver	yes
cfds	yes

Account types

Octafx offers three types of account these are micro, pro, and ECN:

Micro account (metatrader 4): this account is very special for beginners and no commission.

The minimum deposit is $100
28 currency pairs, 2 metals (gold and silver), 4 indices and 3 cryptocurrencies
the maximum leverage is 1:500 for currencies, 1:200 for metals, 1:50 for indices, and 1:2 for cryptocurrencies
pro (metatrader 5): octafx recommends this account for experienced traders.
The minimum deposit is $500
28 currency pairs, 4 metals, 10 indices, 2 energies, and 3 cryptocurrencies
the maximum leverage is 1:500 for currencies, 1:100 for metals and energies, 1:50 for indices
and 1:2 for cryptocurrencies
the minimum volume is 0.01 lot and unlimited maximum volume
one click execution

ECN (ctrader): ECN account with ctrader trading platform is always for progressive traders

The minimum deposit is $100
28 currency pairs, 2 metals (gold and silver)
floating starting at 0, no commission, no swap but weekend fee enable

Trading platforms

Octafx offers metatrader and ctrader trading platforms, both are usable from desktop, laptop, and mobile device.

Metatrader 4 (MT4) – this is easy to understand and has turned into a most favorite for professional and beginner traders. Throughout the years it has been accessible, it has shown itself to be truly best and incredible for traders. In this MT4 trading platform most valuable trading tools are there, for example, risk management, real time market execution, indicators, and charting tools.

Metatrader 5 (MT5) – this is a very advanced and multi-resource trading platform for traders, offers advanced trading analysis, exceptional trading possibilities and automated trading.

Ctrader – this is incredibly customizable with an exciting interface. There is a couple of a bigger number of fancy odds and whistles than MT4.
Commissions and fees

In our octafx expert’s review, we found different commissions and fees are organized there contrastingly as per account. Small (micro), pro and ECN accounts utilize the meta trader (MT4, and MT5) and ECN platforms, separately, and bolster distinctive exchanging approaches, henceforth the variety in charges.

Spreads are largest on the micro account and there are some fewer instruments to trade. Normally, the spread on a EUR/USD exchange maybe 1.1 pips, however in the event that a similar exchange is made through the professional account, this may drop to 0.9 pips.

The pro account is really good for a range of instruments and price structure. The ctrader trading platforms account isn’t far-removed yet is restricted to 28 currency pairs and just 2 metals.

In the micro account floating spreads start from 0.4 pips, but, while it is fixed for beginning it starts at 2 pips. On the ECN account spread start from 0 pips, on the pro account spreads start from 0.2.

Not at all like the other two accounts, doesn’t it highlight a markup in any case? The ECN has only one charged a commission, the account comes with an end of the week charge.
Promotions & bonuses

Octafx always offers different types of amazing promotions & bonuses. But due to european union rules and regulations, the broker cannot offer bonuses on EU. So, octafx.Eu (cysec regulated) don’t offer any bonus. However, octafx.Com always offers different types of amazing promotions. Currently, these promotions and bonuses are going on:
bonuses:

50% withdrawal deposit bonus on each deposit with higher margins

Free forex signals with automated alerts

Supercharged 2 real contest, there are 3 prizes all these are latest powerful luxury cars

Champion demo contest, withdrawable prizes – 1ST $500, 2ND $300 and more

Crader weekly demo contest, withdrawable prizes – 1ST $150, 2ND $100 and more
education and research

Octafx offers a lot of educational trading articles, videos, analysis, tutorials and very good information about metatrader or ctrader trading platforms.

Octafx offers an amazing range of tools, you will find on octafx.Com website these are:

Economic calendar and national holidays
profit calculator
live quotes monitoring
market news update and insights
profit calculator
interest rates, stop loss and take profit and more

Deposit and withdrawal method

Octafx deposit and withdrawal method is good, depositing and withdrawing is commission-free also offer 50% bonus on deposit via skrill, neteller and bitcoin. The minimum deposit is 50 for both skrill and neteller and 0.00045 BTC and 5 USD is minimum withdraw.

Octafx awards

Octafx is multi-award winning broker has won a number of awards:

BEST ECN/STP BROKER 2019
BEST FOREX BROKER ASIA 2019
BEST FOREX BROKER ASIA 2018
BEST COPY TRADING PLATFORM 2018
MOST TRANSPARENT BROKER 2017
BEST FOREX BROKER EUROPE 2016
BEST FOREX BROKER IN EUROPE 2015
BEST INTERNATIONAL BROKER 2015
MOST RELIABLE BROKER 2014 AND more

Customer support

Octafx supports clients 24 * 5 through website live chat, phone, email and whatsapp from across multiple languages. Octafx also offers good support on various social site including facebook, twitter, and instagram.
Features

Monday to friday 24 hours site
website live chat support and a contact form
phone support: UK +44 20 3322 1059, hong kong +852 5808 8865, indonesia +62 21 3110 6972
whatsapp: +34 651 769 010 (texts only)

Office: suite 305, griffith corporate centre, beachmont, kingstown, st. Vincent, and the grenadines

Octafx offers different manuals to help customers in utilizing the main two platforms are metatrader and ctrader.

So, let's see, what we have: start trading with a free forex bonus. We deal with forex brokers to give you the best online forex bonuses and instantly boost your trading capital at octafx no deposit bonus