OctaFX is an excellent choice for ECN DMA brokers and is the best option for scalping, hedging and automated trading. With its low distribution and minimal investment, as well as its own copy exchange service, this is a great choice for many beginner and expert traders out there. They provide the best MT4, MT5 and cTrader trading platforms. This article will focus on OctaFX minimum deposit. Keep reading to gather all the info you may need!
What is OctaFX minimum deposit?
The minimum deposit for OctaFX is $5. This amount depends on your location and the type of account you choose. For advanced accounts such as a cTrader ECN account, the minimum deposit amount is slightly higher, especially if you are outside europe. There are no deposit or withdrawal fees.
OctaFX account types minimum deposits
OctaFX offers 3 account types; MT4, MT5 and cTrader. There are minimum deposits on all the trading accounts. The details are as follows:
- OctaFX Micro MT4 account deposit
The OctaFX micro MT4 account is ideal for novice traders as it allows low-risk micro lot transactions. This type of account is currently not suitable for European traders, only suitable for traders in the global market, and since OctaFX does not have a minimum deposit amount, the broker recommends investing as little as $100 to take full advantage of the service.
- OctaFX Micro MT5 account deposit
OctaFX MT5 account type is one of the best MT5 accounts you’ll find. Likewise, OctaFX has the lowest attachments and only gives server recommendations. If you shop in Europe, this investment is € 100, and if you trade in other regions, it is $ 500. Islamic accounts can also be used for these accounts upon request.
- OctaFX Trader Account minimum deposit
For those who love the OctaFX cTrader platform and the ECN features it offers, cTrader accounts are open to all traders around the world. European traders are advised to invest $ 100, while those who trade according to global market rules recommend $ 100. Islamic accounts can be used for such accounts.
OctaFX Account base currency
The base currency of your account is the currency you can trade with. For OctaFX, this base currency can vary depending on the region you are trading in. In Europe, the euro is the only available base currency, but in other areas known as global markets, the euro supports both the euro and the dollar. OctaFX minimum deposit ZAR isn’t available currently. Traders from South Africa can open an account based on USD and EUR.
OctaFX funding methods
The financing options provided by OctaFX will again depend on your location. Interestingly, however, this method does not include OctaFX deposit or withdrawal fees. OctaFX bank transfers are currently only available to traders in Europe. OctaFX also accepts Visa and Mastercard; deposits made with this method can usually be used for direct transactions. They also offer Bitcoins and some other minor funding options like neteller and skrill deposits.