Octafx minimum deposit

Octa markets incorporated is regulated by the FSA SVG in st. Vincent and the grenadines.

Top-3 forex bonuses

OctaFX: Login, minimum deposit, withdrawal time, octafx minimum deposit.

This body’s main duties are to ensure that financial institutions are well supervised and that all threats are acted upon with the appropriate force of action. Unlike cysec, this license issuer has no reimbursement scheme to speak of. Another significant drawback is that there is no regulation dedicated to foreign exchange (forex) trading and cryptocurrency, nor are there licenses issued for these two assets: there are no commissions attached to this account.

RECOMMENDED FOREX BROKERS

Octatfx has a highly informative and accessible website that aims to promote their services in layman terms. And it achieves that, yet can it can it practice what it preaches?

The broker website is operated by the following companies:

Octa markets cyprus ltd is tightly regulated by the cyprus securities and exchange commission (cysec), carrying all necessary investigations in order to ensure fraud-free market operations. As regulated by cysec, OCTAFX is part of the ICF allowing for a compensation of up to €20 000 to be attributed to clients, if the broker fails or becomes insolvent.

Octa markets incorporated is regulated by the FSA SVG in st. Vincent and the grenadines. This body’s main duties are to ensure that financial institutions are well supervised and that all threats are acted upon with the appropriate force of action. Unlike cysec, this license issuer has no reimbursement scheme to speak of. Another significant drawback is that there is no regulation dedicated to foreign exchange (forex) trading and cryptocurrency, nor are there licenses issued for these two assets:

Spreads depend on the account the client has chosen. So for the MICRO account the EUR/USD spread is 1.1 pips, for the PRO it’s 0.8-1.1 pips, and for the ECN account it’s typically 0.7-0.8 pips. We would like to remind readers that in the UK and EU the current imposed maximum spread limit is 1:30. For those outside the jurisdiction of ESMA the spread reaches 1:500.

Currently, octatfx offers the following assets to trade with: forex pairs, cryptocurrencies, commodities, stocks. In the bustling, competitive world of forex today, this number of assets is considered low.

The broker is available in the following languages: english, spanish, arabic, indonesian, thai, vietnamese, chinese, german, malay, bengali, portuguese and hindi.

Octatfx offers three platform for trade: MT4, MT5 and ctrader. What’s interesting is that each platform acts also as a separate account.

METATRADER 4

Here we are again with this renowned platform, and for a reason! MT4 stands tall against other trading terminals. Consider using expert advisors to set your automated trading while you do other business, or take full advantage of what MT4 has to offer: multiple chart management, trading directly from the chart, customized trading indicators, huge selection of trading options and much more.

The MT4 acts as the MICRO account type. So, the spread for EUR/USD 1.1 pips, while the leverage for the EU/UK is 1:30 (due to ESMA), and reaches 1:500 for those outside these zones.

There are no commissions attached to this account.

MT4 is available on smartphones (iphone, android), on any browser and as a standalone desktop version.

METATRADER 5

MT5 strives to replace MT4 but fails to do so, not because it’s inferior but because most brokers nowadays use MT4 as the default terminal. Nevertheless, MT5 comes with new and handy features that traders will surely find useful. There are auto trading bots, plus VPS (same as MT4).

The MT5 acts as the PRO account type. So, the spread for EUR/USD 0.8-1.1 pips, while the leverage for the EU/UK is 1:30 (due to ESMA), and reaches to 1:500 for those outside these zones.

The are no commissions attached to this account.

MT5 is available on smartphones, on any browser and as a standalone desktop version.

The functional ctrader has been included by octafx. This platform handles with ease and possesses a much better visual style than both MT4/5. The interface is highly customizable, giving end users a much needed aesthetic touch of their own. One of the main features of ctrader is the ability for traders to access provider’s liquidity making room for better pricing and lower spreads. There is also automated trading, and great back testing facilities.

Ctrader acts as the ECN account type. So, the spread for EUR/USD 0.7-0.8 pips, while the leverage for the EU/UK is 1:30 (due to ESMA), and reaches to 1:500 for those outside these zones.

Ctrader has a commission structure attached to it. For one standard lot a round turnof $6 will be feed. So this changes the EUR/USD spread from 0.7-0.8 pips to 1.3-1.4 pips.

Ctrader is available: for download as a standalone software for desktop, to mobile users, and can be accessed via a browser.

COPYTRADING

The broker offers for the opportunity to copy expert traders, automatically, without spending time on building a strategy or being constantly glued to a screen. This is a superb opportunity for those who do not have the time, or have little of it, to dedicate to online trading. To start, just browse through the many expert traders, set your preferences, invest and voila! Note that, even if the trader dealing for you gets a bonus if your investment turns to profit, this system does not guarantee 100% wins all of the time.

OCTAFX MINIMUM DEPOSIT

The minimum deposit is $50, immediately making room for smaller or casual traders. Typically, a higher minimum deposit limit has the ability to intimidate many novice traders.

The methods for depositing are: neteller, skrill and bitcoin. In this day and age of online currency and cfds trading these options are significantly low than bar. When considering the instruments in circulation by admiral markets and, especially, FX choice, the assortment that this here broker has seems laughable in comparison.

The base currencies are limited to only EUR and USD. The same comment as above can be applied here. A global broker should include more base currencies.

All methods of funding are instant. Here, however, octafx shines, as it falls in the niche of swift deposit methods, a niche that grows ever so tighter.

There are no fees attached. Fees commissioned by thirds parties will be covered by octafx.

OCTAFX WITHDRAWAL TIME AND FEES

Cysec regulation reassures that no harm will come to clients withdrawals.

The withdrawal methods are: neteller, skrill and bitcoin. Again, significantly fewer withdrawal methods that your standard broker.

Withdrawals are instant. This is a rare sight to see in an industry of long process times, and unexpected delays.

There are no fees attached to withdrawal. Fees commissioned by thirds parties will be covered by octafx. This makes us even more agitated at the fact that octafx has not included more payment options.

The minimum withdrawal amount is $5.

BONUSES AND PROMOTIONS

Bonuses are solely offered by octatfx’s offshore entity, due to cysec banning them in europe.

There is a 50% bonus with every deposit.

The most active and successful traders will have the opportunity to win smartphones/smartwatches, as well as a 3 luxury cars at the end of the year.

There is the opportunity to win $500 while trading with your DEMO account.

Trade suing a ctrader DEMO account, and finish with the highest profit at the end of the week to get $150.

BOTTOM LINE

First and foremost, octafx is regulated by one of the best institutes for the job in the world (cysec), as well as one of the shadier ones where many suspicious brokers get their licenses from- FSA SVG, making things rather ambiguous.

Second, there is a very limited number of payment methods, which in this day and age of online trading is unsatisfactory. However, there are no fees attached to said methods, and to top that the broker offers great and detailed trading platforms.

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

How to make a deposit at octafx forex trading account

In order to start trading on real forex account and earn money you need to make a deposit. Before making a deposit you should know that octafx does not charge commission on deposits or withdrawals. Moreover, octafx covers fees applied by payment systems. We also do not limit the number of deposits per day. Deposits with local banks are processed within 1-3 hours, credit/debit card and e-wallet deposits are instant.

Minimum deposit for pro account on metatrader 5 is $500. Forex traders from indonesia, pakistan, malaysia, thailand, india, vietnam dan nigeria can deposit and withdraw using their local banks. Octafx supports a variety of local banks you can choose from.

As mentioned earlier, for those who can not use local banks we support different payment services and credit cards:

Credit or debit visa cards

How to make a bank deposit

You can find “deposit” buttons in the top or sidebar menu as shown in the picture below.

2. Choose among available local banks.

Local banks availability depends on the region you have filled in during the registration process.

For example, indonesian traders can choose between mandiri, BCA, BNI and BRI. For instance, let’s choose BCA. You can select deposit amount from the offered options or put down the amount you wish.

3. Choose preferred bank deposit method

There are three ways you can make a wire transfer deposit which are ATM, online banking and cash deposit at a bank branch:

If you make a deposit online you need to open your online banking app/website, then make transfer with given credentials and make a screenshot of processed transaction.

Find your nearest ATM and deposit using bank details given on the deposit page.

You can also deposit by cash at your bank branch.

Make sure you use correct data in the process of deposit. Please, double check the deposit amount, as it must be the same you state in the deposit request. Here you can see credentials of the banks we cooperate with.

4. Notify after successful bank transfer

On the next step you need to fill in the deposit form: set the amount, choose bank and type of transfer, put in your bank account number and date of payment. We will process your transaction faster if you upload payment proof (screenshot from online banking or payment slip).

Once you confirm the request it will be pending till it is processed by the bank and our financial department in their working hours (monday-friday 06:00-15:00 EET).

E-wallets and credit card deposits

You can also deposit with a credit/debit card, bitcoin or e-wallets. Such deposits are credited instantly. The process is very simple:

1) you need to choose deposit method

We will choose skrill as an example of e-wallet deposit.

2) fill in the deposit amount

Type the amount you wish to deposit and click ‘continue’.

3) double check and confirm the deposit

Then double check the information and click ‘confirm’. After confirmation you will be redirected to the skrill page. Log into your skrill account and proceed deposit. Once request is processed, funds will be credited to your trading account.

4) log in to your payment system

5) make a transfer

Deposit with a card

Please, notice, that according to our AML policy you will need to verify your credit/debit card as we can not accept transactions from the third parties. To make a deposit you need to enter deposit amount, confirm it and fill your credit/debit card details in the form.

Deposit with bitcoin

You can also deposit with bitcoin. After choosing ‘bitcoin’ in the list of payment methods you will see current exchange rate and address of our wallet. Then you need to open your bitcoin wallet and process transaction.

The last step is to download a trading platform of your choice and you are ready to enter forex market! Please, follow this links to download a software:

We also recommend you to check our education section where we post trading forex strategies, forex tutorials and platform manuals.

A comparison of forex brokers minimum deposits

There are lots of things to consider when looking for a forex broker, including the minimum deposit needed to start trading. If you are a very small investor, there is an advantage to finding a broker with a low minimum deposit, so you can get started with online trading quickly.

The minimum deposit is the amount you need to transfer into your brokerage account before you can start trading. Some brokers refer to it as an initial deposit, first deposit, or initial funding. You will want to do your research, and look at the minimum deposit requirement at each broker you consider. Remember that many brokers offer a range of account types, and you may find that the deposit required is different for each type of account.

Today we’re comparing three popular online brokers: XM, pepperstone and octafx. We’ll take a look at what their minimum required deposit is, what they recommend, and if the deposit differs between account types.

XM minimum deposit

XM is a broker that aims its services at a wide variety of traders, with a range of experience. For this reason, it offers a choice of different account types, each with a different minimum deposit amount required.

The minimum deposit for an XM standard account, or micro account is just $5, which is very low compared to many of its competitors. XM also offer a premium account, known as zero account, so-called because the spreads can go as low as zero pips. The zero account comes with several extra benefits, and requires a minimum deposit of $100. There is no deposit fee at XM, so you really will only require the minimum stated. You will need to wait until the funds have cleared into your account before you can start trading.

Pepperstone minimum deposit

Pepperstone also offer a choice of accounts, with both a commission-free standard account and a razor account, which involves a commission charge, but also offers spreads as low as zero pips on some instruments. At pepperstone, however, both account types are similar when it comes to making an initial deposit. Pepperstone have a recommended minimum deposit of $200, or the equivalent in your base currency, for both account types.

However, at pepperstone, this is a recommendation, and not mandatory. Most deposit methods available at pepperstone allow you to make a deposit as small as $5, and you will be able to start trading as soon as you have cleared funds in your account. Pepperstone is an international broker offering accounts worldwide, so it is advisable to double check if there are any restrictions regarding deposit amounts and methods in your region.

Octafx minimum deposit

Octafx also allow a minimum deposit of just $5, and again, you can start trading as soon as those funds are cleared in your account. Octafx also recommend a higher deposit, and point out that “the more funds you have, the less risks you are exposing yourself to on a particular trade”. It is possible, however, to get started with just that initial $5 deposit.

Our recommended mobile trading app:

Call them out!

Fraud brokers . Have you been scammed? Had bad service, struggled to get your money back or some other action which you believe is non compliant? Tell us and if we have the right information, we will actively support your case through mediation with the broker.

Your next move…

Find your broker trading carries risk. There is no getting away from that. Making the right choice of broker and platform will help you trade better and combined with experience, tools, research and a helping of luck your trading adventure could take you places you only ever dreamed of.

Find A broker

Broker comparison

Find A broker

Broker vs broker

Best brokers 2021

Choosing a forex broker

Octafx vs etoro

Octafx vs alvexo

FXTM vs etoro

FXTM vs cityindex

FXTM vs plus500

FXTM broker review

Plus500 broker review

Etoro (non USA)

Etoro USA broker review

Octafx broker review

Comparison of broker features & pricing

Octafx vs plus500

IG.Com vs octafx

Avatrade vs cityindex

IG.Com vs etoro

Special reports & tools

Nothing on this site constitutes advice or a recommendation – you use the site and its contents at your own risk. Trade wisely. Spread bets and cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading cfds.

Fxdailyreport.Com

Benefits of trading with small amounts and list of forex brokers with a low minimum deposit

While we would all love to have tons of money in our trading accounts, starting out with a small deposit is highly recommended to ensure you do not blow up your life savings. Trading with small amounts helps you hone your skills and prevent you from blowing up your account in the future. Other than the skill building aspect, there are also other advantages that come with trading with small amounts, including;

Experience is an important factor to consider when trading forex. Trading with small amounts allows you to gain experience while minimizing your losses. Once you have acquired enough experience, you can then proceed to use larger amounts to trade.

Trading small amounts is not just useful for novice traders. An experienced trader may also trade with small amounts when they want to try out a new trading strategy.

Reduce commissions

When trading small amounts, you are usually constricted to put the majority of your money into a single trade. This, however, helps you reduce commissions. Traders are usually more likely to be sloppy when you are going to be making 20 trades in a day. But when trading with small amounts forces traders to be more selective about the trades they take.

These traders are sure to take their time to find and trade with only the cleanest charts, with the best risk to reward. This also means they will be focusing more on perfecting their strategies as to being a jack of all trades and a master of none.

Better management of risk

When trading with a huge account, most traders usually end up using fuzzy math when evaluating risk, reward or prospective trades. This is because they are making many trades and the difference between a good risk and an almost acceptable one feels irrelevant. However, when you are trading with a small amount, you do not get room to fool around.

With a small amount, you are usually putting in all of your capital in a single trade. Hence, if you suffer a loss, it will have a significant impact on your account as a whole. Also, when dealing with a small account, your goal is towards a specific goal which is growing your accounts enough to be able to hold multiple positions at a go. Hence, any loss, no matter how small, feels like a real setback.

As a beginner trader, it is not unlikely that you will probably blow out your first account. Therefore, if you start with a small account, you will lose less, making it a smart business decision.

The trading market has a lot of information circulating every minute. This can become overwhelming, especially for a new trader who is watching a huge number of stocks, listening to the news, and trying to manage their position. This, in turn, can lead them into making bad trades, not trading anything or even having a breakdown.

One of the benefits of trading with small amounts is that you will only be managing one trade at a time. This helps remove a massive amount of stress, allowing you to focus on that particular trade. As a result, you grow accustomed to managing the stress and data of trading, allowing you to slowly increase your ability to manage more concurrent positions.

List of forex brokers with a low minimum deposits 2021

info	bonus	open account
min deposit: $5 spread: from 0.2 pips leverage: 500:1 regulation: FSA (saint vincent and the grenadines), cysec	50% deposit bonus, real contest 1st prize luxury car BMW X5 M, copy trading, trade&win.	Visit broker
min deposit: $1 spread: from 0 pips leverage: 3000:1 regulation: cysec, IFSC	$100 no-deposit bonus, 100% deposit bonus	visit broker
min deposit: $5 spread: from 0 pips leverage: 888:1 “*this leverage does not apply to all the entities of XM group.” regulation: ASIC, cysec, IFSC belize	“50% +20% deposit bonus up to $5,000, loyalty program bonus “*clients registered under the EU regulated entity of the group are not eligible for the bonus and the loyalty program”	visit broker
min deposit: $1 spread: from 0 pips leverage: 2000:1 regulation: FCA UK, cysec, FSP, bafin, CRFIN	35% of the account deposit	visit broker
min deposit: $1 spread: fixed spread from 3 pips leverage: up to 1:1000 regulation: CBR, cysec and FFMS	30% forex deposit bonus	visit broker

When you are just starting out trading, we highly recommend that you seek the services of reputable brokers. While low minimum deposit forex brokers seem attractive, you should be aware that many in the market are scammers. So make sure you trade with a regulated fx broker with a license. Here are our top 5 forex brokers with a low minimum deposit:

Financial brokerage services (FBS)

Octafx minimum deposit

The octafx minimum deposit amount that octafx requires is US dollar 100.

The minimum deposit amount of US dollar 100 when registering a live account is equivalent to ZAR1,766.87 at the current exchange rate between US dollar and south african rand on the day and at the time that this article was written.

Octafx is based in SVG and cyprus and is authorized and regulated by demanding regulating entities namely cysec and FSA, and as a regulated broker, one of the requirements is that client funds be kept in segregated accounts.

In complying with this, amidst several other strict rules and regulations, all client funds must be kept separate from the broker account, and it can only be used by traders to conduct trading activities.

In addition to ensuring client fund security through segregated accounts, regulated brokers such as octafx are required to be a member of a compensation scheme or fund which pays out a certain amount to eligible clients in the case of company insolvency.

Deposit fees and deposit methods

Octafx does not charge any fees when deposits are made into the trader’s account.

Traders can make use of the following payment methods through which the minimum deposit amount can be paid:

Credit/debit card

Bank wire transfer

Bitcoin

Skrill, and

Neteller

Octafx only supports two deposit currencies in which traders can fund their accounts including:

USD, and

Traders should take note that payments made in any other currency apart from the base currencies of the various accounts may be subjected to conversion rates charged by their payment provider. The base currencies are USD and EUR.

Step by step guide to deposit the minimum amount

Once the trader has completed the process of registering on the website, the trader can make the initial minimum deposit by following these steps:

Log into the client portal and select ‘deposit’

Select the deposit method along with the amount.

After the trader has made their selection, they will be redirected to the payment processor page to confirm their deposit.

Traders should take note that with making deposits by using bank wire transfer, the transactions may take a certain amount of time depending on the method, time of the day, and day of the week.

Bank wire transfers take anything from a day to a few business days depending on the time the payment was made during the day along with the day of the week.

Pros and cons

PROS	CONS
1. Deposit fees and withdrawal fees are not charged	1. Only a few payment options provided
2. Quick and easy depositing of funds	2. Only two supported deposit currencies

What is the minimum deposit for octafx?

How do I make a deposit and withdrawal with octafx?

You can make use of the following payment methods to deposit or withdraw funds:

Credit/debit card

Bank wire transfer

Bitcoin

Skrill, and

Neteller

A comparison of forex brokers minimum deposits

XM minimum deposit

Pepperstone minimum deposit

Octafx minimum deposit

Our recommended mobile trading app:

Call them out!

Your next move…

Find A broker

Broker comparison

Find A broker

Broker vs broker

Best brokers 2021

Choosing a forex broker

Octafx vs etoro

Octafx vs alvexo

FXTM vs etoro

FXTM vs cityindex

FXTM vs plus500

FXTM broker review

Plus500 broker review

Etoro (non USA)

Etoro USA broker review

Octafx broker review

Comparison of broker features & pricing

Octafx vs plus500

IG.Com vs octafx

Avatrade vs cityindex

IG.Com vs etoro

Special reports & tools

Octafx

company info:
name	octafx
website	octafx.Com
foundation year	2011
regulation
trading conditions:
min. Deposit	5 $
leverage	1:1, 10:1, 50:1, 100:1, 200:1, 500:1
trade lot	0.01, 0.1, 1
digits after the dot	5
spread type	variable
trading instruments	forex
payment methods:
credit card, wire transfer, skrill, neteller, cashu
other features:
accept US traders
PAMM
MT5
mobile trading
web-based trading
affiliate program
VPS
profitf BONUS:

Octafx (detailed info):

Octafx is founded in 2011 with headquartered in cedar hill crest, P.O. Villa, st. Vincent and the grenadines. The company have a lot of winning awards such as “best broker eastern europe and central asia” from forex report magazine, “best ECN broker asia” from global banking and finance review, and many other. The type of this forex broker is ECN and give to their clients one of the best comfortable trading conditions, and also a lot of promotions.

Octafx minimum deposit is only $5 for micro account and $50 for the other account types. You can use up to 1:500 leverage, you can trade over 20 currency pairs, gold, silver and other. Spreads are floating, starting at 0 pips depends on the currency pairs. You can deposit your money in USD and EUR with payments options such as bank wire, visa / mastercard, unionpay, neteller, moneybookers and cashu. Swap-free accounts(islamic) is also allowed, so this company offer very good trading conditions for every traders such as scalpers, intraday traders, long-term investors, hedging and other.

When you open your “octa FX” account, you can trade from the charts and you will receive also market execution in less than 1 second, expert advisors, market commentary, e-mail alerts, signals, news, events, guaranteed stop loss and one-click execution. You can trade with your mobile and also web-based trading. Metatrader 4 is the main platform where you can trade easily.

They have affiliate programs and a lot of promotions demo contests, king of the road real contest and other. When you deposit money you will receive up to 50% bonus to your account! You just need to read their promotion rules.

Markets.Com minimum deposit guide (2021)

If you are trading with markets.Com already, then you have probably read our markets.Com review.

This is a broad and very useful look at every aspect of the broker and what they make available to you as a trader.

In this piece, we will take a more focused look at specific areas within the offering of the broker.

Specifically, we will be looking into the funding methods made available, and the markets.Com minimum deposit that applies to both the deposit method and account type you are using.

76.6% of retail CFD accounts lose money

Markets.Com account base currency

The account base currency is the currency with which you can trade on your account. Typically most major currencies like the USD and EUR are widely available across all brokers. Some of the major forex brokers in the industry can also facilitate trading with a larger number of base currencies.

This is the case with the markets.Com base currency. Every major currency is available as a base. This includes the ZAR from south africa which is available under every regulatory body that the broker operates.

Markets.Com funding methods

Funding your account with any broker is one of the first steps on the journey. In many cases, this can also come with some requirements. With that in mind, let’s take time to investigate the funding methods available in more detail at markets.Com.

Wire transfer

This is one of the most common and widely available deposit methods. Wire transfers are also available to markets.Com traders from around the world from all banks including a local bank transfer option from some countries.

The processing time for this funding method is usually around 1-2 business days and the minimum deposit for this type of funding depends on your region. In the UK, the minimum is 250USD/EUR/GBP, but in other worldwide areas, the markets.Com minimum deposit is 100 USD/EUR/GBP, or 1000 south african rand.

Credit/debit card

Again, this is one of the most popular deposit methods available and it is open to traders from all around the world on a 24-hour basis whenever you feel the need to make a deposit.

The card funding methods available include visa, mastercard, and maestro and the effective minimum deposit of 250 USD/EUR/GBP in the UK and 100 USD/EUR/GBP in other countries again applies here.

Skrill and neteller

Ewallet deposit methods are growing in popularity with all the best forex brokers and markets.Com is no exception. Unfortunately, these choices are not open to UK traders, they are however available to others.

The minimum markets.Com deposit through these methods is 100USD/EUR/GBP or 1000ZAR. This is effective for both skrill and neteller.

Paypal

Paypal deposits are also available and widely utilized. They are available only within europe though, and the minimum deposit amount of 100 USD/EUR/GBP again applies depending on your account base currency and location.

Other methods

As you would expect from a top forex broker, other methods of funding may be available depending on your location. This includes services like ideal and sofort which are both available but within europe only, and with a minimum deposit of 100 EUR/USD/GBP.

76.6% of retail CFD accounts lose money

Markets.Com minimum deposits

After taking a look at the available funding methods and their levels of convenience when it comes to the markets.Com minimum deposit, it is now time to take a closer look at the available account types and again, the minimum deposits you can avail of through these.

Retail account

The markets.Com retail account is the standard account type that the broker offers to traders. Within this account type, the minimum deposit with markets.Com varies depending on your funding method as mentioned above, but it will be at least 100 USD/EUR/GBP, or 1000 ZAR.

It is important to note that this, and other markets.Com account types can also be converted into islamic accounts on request where required. For more options and to make a comparison, you can also check our forex broker with low minimum deposit guide.

Marketsx account

The marketsx account is more of a VIP account from the broker and features more competitive spreads, an extensive range of educational materials, free withdrawals, and some other perks.

The minimum markets.Com deposit here is $250 and again this account is eligible to become an islamic account if you so require it to be.

Professional traders

As a professional trader, there is a markets.Com pro account available to you right away as long as you meet the minimum requirements which are set out in part by the regulators.

You can qualify if you meet two of the three following requirements:

You must have at least 4 months of cfds trading experience. (this can be prior to joining markets.Com)

Your portfolio, including cash deposits, must exceed 500,000 EUR.

You must possess work experience, typically more than a year to be safe, from within the finance field with knowledge of leverage trading.

If you do satisfy two or more of these requirements, then you can look forward to increased leverage of as much as 1:300, lower markets.Com spreads and trading costs, protection to a certain degree against new ESMA regulations, and more available trading instruments.

Related guides:

Deposit bonus

Due to the ESMA regulations that we just mentioned, unfortunately, no markets.Com bonus is offered to traders under these regulations in an effort by the broker to be well-respected and highly compliant.

First deposit bonus

There are some markets.Com bonus amounts available in other territories though. This includes in south africa under FSCA regulation where you can a 35% first deposit bonus on amounts of at least $100 or more.

Within australian regulation too there is a markets.Com bonus of 20% available on amounts of at least $500 as a first deposit bonus.

Welcome no deposit bonus

The old markets.Com welcome bonus which was previously available with no deposit at all is unfortunately no longer available. This markets.Com no deposit bonus used to be available as a $25 bonus in the past.

76.6% of retail CFD accounts lose money

Octafx review – is octafx a good broker?

RECOMMENDED FOREX BROKERS

Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.

Regulation & safety

The european brand of octafx operates via the website – octafx.Eu – and abides by the highest regulatory standards. It is owned by the cyprus-based company octa markets cyprus ltd which is regulated by the cyprus securities and exchange commission with a registration number HE359992.

Cysec is among the foremost financial regulators in the world and all brokerages licensed by it have to follow strict rules and are subjected to intensive regulatory oversight. This removes any unwanted risk in trading and guarantees that the client’s funds are safe and their interests protected by the respective laws. Such rules include the segregation of accounts which assures that commingling with the client’s money is not possible. Furthermore, a license by cysec entails participation in a financial mechanism by which clients may be compensated if they suffer losses due to fraud or bankruptcy. The compensation goes up to 20 000 euro per person.

Besides the european brand, octafx group also includes octa markets incorporated which operates via octafx.Com website and is registered in saint vincent and the grenadines. It offers a generous leverage up to 1:500, as well as the option of three account types and three different trading terminals.

Negative balance protection (NBP)

An immense advantage in trading with octafx is the fact that both companies of octafx group provide their clients with negative balance protection. This means that if your balance becomes negative due to stop out, the brokerage will compensate the amount and bring your account balance back to zero. We always recommend that readers invest only with brokers who provide NBP, so that there is assurance they many not lose more money that their initial deposit.

Trading conditions

The trading conditions offered by octafx are very attractive and much more favorable that the standard for the industry. Here are some of the highlights:

The minimum initial deposit is only $100, more than twice as low as the standard $250;

Extremely low floating spreads;

Flexible leverage with maximum levels which vary according to the regulation in each country the broker operates;

Negative balance protection removes the risk of losses exceeding the initial deposit;

Low-risk trading in micro lots available on all account types.

Readers have to keep in mind that trading conditions vary a bit according to the broker brand of octafx and the country where it operates. This is, again, a sign of octafx’s commitment to comply with regulatory standards.

Octafx.Eu trading accounts

Trading account	recommended deposit	max. Leverage*	spread (+ commission)	platform
conservative trader	€100	1:30	0.5 pips	MT5
progressive trader	€100	1:30	0.3 pips + $6 /lot	ctrader

Octafx.Com trading accounts

Account type	minimum deposit	minimum trade size	maximum leverage*	spreads
novice	$100	0.01	1:500	from 0.4 pip on EUR/USD
experienced	$500	0.01	1:200	from 0.2 pip on EUR/USD
progressive	$100	0.01	1:500	from 0 pip pips on EUR/USD

Trading platforms

Octa FX provides clients with two popular trading terminals that are sure to meet their expectations: metatrader 5 (MT5) and ctrader. The fact that the metatrader 5 trading platform is supported is something we always consider an advantage since the MT5 is among the foremost trading terminals in forex trading at the moment, close to 80 percent of users prefer it. The platform provides an advanced charting package, lots of technical indicators, extensive back-testing environment and a variety of expert advisors (eas).

On the other hand, the multi-asset trading terminal ctrader provides pure ECN execution and a wide selection of advanced tools. Among them are fast order entry and execution speeds, direct order entry via charts and level II pricing which all contribute to render the platform highly valued among the forex trading community.

Another advantage is virtual private server (VPS) which is offered to both new and existing clients for only $15 per month. VPS hosting allows the execution of orders 24 hours, 5 days a week.

The SVG-based company octa markets incorporated which operates via octafx.Com website, besides the MT5 and ctrader, also provides clients with the metatrader 4 so that clients of octafx may have a wider pick of their preferred trading platform, as well as a copytrading app which we always view favorably.

Promotions

By the time of writing this review, octafx provides clients with the following promotions:

Copytrading app which allows clients to automatically copy leading traders;

50 percent bonus on each deposit;

Free forex trading signals: autochartist which allows clients to follow automated alerts to open and close trades;

Status program; allows clients access to new benefits such as accelerated transfers, lower spreads, personal manager and many more at every new level

Keep in mind that trading bonus, copytrading app and other promotions may not be eligible for clients of octa markets cyprus ltd.

Methods of payment

Octafx supports the standard payment methods of forex, as well as a popular e-wallet. Clients of the brokerage may deposit or withdraw via visa, mastercard, bankwire, as well as skrill.

Furthermore, the brokerage does not charge any withdrawal or deposit fees which lower the cost of trading and only requires the formal 5 euro minim withdrawal amount for withdrawals via skrill.

Conclusion

Octafx is a reliable award-winning FX and cfds broker that offers pretty good trading conditions and has air-tight regulation. To sum up the above, here are the advantages and drawbacks with regards to this broker:

Pros cons

Solid regulation no significant disadvantages

so, let's see, what we have: octafx: login, minimum deposit, withdrawal time? RECOMMENDED FOREX BROKERS octatfx has a highly informative and accessible website that aims to promote their services in layman terms. And at octafx minimum deposit