OctaFx Available Account Types :
Demo Account: OctaFX offers an excellent unlimited Demo Account option, available on MT4, MT5, and cTrader. It offers real market conditions and a chance to win real money in a monthly Champion Demo Contest.
|MT4 (Micro) Account||MT5 (Pro) Account||cTrader (ECN) Account:|
|With the MT4 (Micro) Account, you can choose either a floating spread, starting at 0.4 pips or a fixed spread, at 2 pips, depending on your preference. This account requires a minimum deposit of 50 USD (though 100 USD is recommended) and no commission is charged on trades. Leverage is fixed at 1:500 for Forex trading and the margin call/stop out is 25%/15%. Metals, indices, and Cryptocurrencies can also be traded (though leverage will be lower and is set at 1:2 for cryptos).||The MT5 (Pro) Account only offers a floating spread, starting at 0.2 pips, and requires a minimum deposit of 500 USD. No commission is charged on this account either but leverage for Forex trading is fixed at 1:200 and the margin call/stop out is set at 45%/30%. There are no swaps on this account and overnight commissions are charged after 3 days. As with the MT4 account, both CFD and Cryptocurrencies can also be traded.||The cTrader (ECN) Account also only offers a floating spread, but this starts at 0 pips. A commission is charged on trades and a minimum deposit of 100 USD is required. Leverage is fixed at 1:500 for currencies and 1:200 for metals – cryptocurrencies and CFDs are unavailable with this account. Margin call/stop out is set at 25%/15% and overnight commissions are only charged over weekends.|