• Few tradable assets are available
• No stock trading
• Limited payment methods

OctaFX Fact sheet

Available Assets on OctaFX

Whether you prefer trading currencies, stocks, indices, commodities, or cryptos, you can find your favorite financial security at OctaFX. Using floating spreads and variable leverage, a trader has access to many trading tools to make money.

Trading with OctaFX is done through CFD contracts, where you can trade on the price speculation of more than 50 financial instruments, trading with a minimum contract size of 0.01 lots to give an edge to traders at every level.

OctaFX offers you CFD trading, where you do not physically own the product, but you trade on the price difference at a future point. It is a faster way to implement trades and it is commonly used among all brokerage firms.

Trading regulations differ between regions, so the leverage may change depending on where you live. We will check all that out in more detail down below. 

Forex

There are 35 currency pairs including major currency pairs, crosses, and exotics. These give you more options to diversify your risks. The spread is variable and it changes according to changing market conditions.

Trading on the EUR/USD pair, you can enjoy the tightest spread range that starts from 0.4 pips, while most other major currencies start from 0.6 pips. You can also trade on margin using generous leverage from the broker of up to 1:500.

Trades on the Forex market are usually concerned with finding the minimum slippage time possible. It is the most liquid market, and your order can find its match in less than 0.1 seconds.

Indices

OctaFX broker gives you the opportunity to track top corporations’ performance and stocks, and place your trades on top stock indices. There are 10 indices that you can trade and they include markets from the US, the UK, Australia, and other European markets. 

Leverage can be used while trading indices, and you can use up to 1:50 maximum leverage. Additionally, the spread is variable depending on the index itself and the activity of stocks. The lowest spread range is on the SPX500 index and it starts from 1.7 pips.

Commodities

Some traders prefer commodities because there are more products available, and relatively higher volatility. Commodities from different sectors can be traded, such as gold, silver, oil, natural gas, wheat, coffee beans, etc. Higher volatility may promise higher returns in a short period.

OctaFX broker offers you the most commonly traded commodities to ensure high liquidity and minimum slippage time. Commodity traders can use low spread ranges that differ between commodities, as each product operates under different market circumstances.

However, the minimum spread range can be found in crude oil with a 0.7 pips minimum. Additionally, leverage can be used with trading commodities, and it differs between the products. You can use moderate leverage up to 1:50 on oil and natural gas, and generous leverage up to 1:500 while trading gold or silver.

Cryptocurrencies

The cryptocurrency market became so popular and thriving that most every trader is engaged in trading one of the thousands of cryptos available today. There are 30 cryptocurrency pairs that you can trade, using tight spread ranges that are variable and start from 2.0 pips.

You may find common cryptos like Bitcoin and Ethereum which are the most popular crypto coins. Also, you may find less traded cryptos like DOGE and Shiba Inu, then trade using the benefit from any market buzz which can cause the prices to fluctuate sharply.

Leverage can be used in combination with crypto trading. Moderate leverage up to 1:25 is applicable. However, trading from different locations might see different limitations on the amount of leverage you have access to.

OctaFX MT4

Trading in this account is recommended for habitual traders or those who want to start trading the easy way. Users of this account enjoy limited access to the main financial instruments that are common and easy to trade.

The financial assets provided include 35 currency pairs, 5 commodities, 4 indices, and 30 cryptocurrencies. However, the offered maximum leverage changes between the assets, starting from 1:25 for trading cryptos to 1:500 for trading in the Forex market.

The contract size allowed here is 0.01 lots at least with a 200-lot maximum, Such a small contract size is very helpful for newbies.

Trading cost using the OctaFX MT4 account is based on the spread, which is floating and it starts from 0.6 pips in the Forex market. If you are trading using this account you might be subject to swap interest, which is charged or paid if you leave any currency trading position open overnight. 

This account only allows using MetaTrader 4, which is one of the most commonly used trading platforms. It is simple to trade with MT4 as it comes with main indicators and chart options.

OctaFX MT5

This type of account is recommended for experienced traders, those who already have years of trading and are willing to expand their trading portfolio. Users of this account may enjoy access to a wider selection of assets, and they can take higher risks by trading with a larger contact size.

Traders on this type of account can trade using 35 currency pairs, 3 energy products, gold, silver, 10 indices, and 30 cryptocurrencies. Trading these financial instruments can be done using variable leverage that ranges from 1:25 and 1:500.

MetaTrader 5 is the only platform available on this account, which is a more developed version of MT4, it offers a wider range of technical indicators, chart options, and products.

Traders from different locations may give different access to leverage. For example, traders in the EU are under CySEC jurisdiction and have more limited leverage than those outside the EU. On the other hand, traders from other countries enjoy a larger degree of freedom in using leverage up to 1:500.

Similar to the MT4 account type, the MT5 OctaFX type of account’s minimum deposit requirement is $25, while the spread is the only form of trading cost. The spread is floating and the minimum spread ranges can be found in the Forex market starting from 0.6 on the EUR/USD pair. Additionally, this account is swap-free, which means that if you leave an open trading position in the Forex market overnight, you are not going to be charged or paid any swap interest. 

Islamic account

The Islamic account, the swap-free account is not offered separately, you can change any type of account into a swap-free account.

When you register your account for the first time, you can switch on the option of the Islamic account, and you will be able to trade according to Sharia law where you will not be charged or paid any interest payment.

However, note that there is a fixed handling fee for keeping the market position open overnight, and it is calculated this way; pip price * swap value of the currency pair.

If you have an account already and you want to switch it to an Islamic account, then you need to contact the support team, make a request to switch your account to an Islamic account, and within a few days, your request will be approved.

Demo account

OctaFX allows traders to practice as much as they want in demo trading, and one user can open as many demo accounts as they want, there are no limits in this regard.

Once your account is verified, log in to your account, and from the personal area click on “open demo account”, then select the trading platform that you want.

In your demo account, you can test your trading strategies, implement different market orders, and get familiar with the indicators and charts before you start trading with real money.

At any point, you can refill your demo account, where the website will provide you with virtual money that you can use for mock trading. However, there is an expiration date for the demo account.

Your OctaFX demo trading account expires after a certain period of inactivity. Depending on the trading platform you have chosen for the demo account, you have different expiration dates. 8 days for MT4, and 30 days for MT5, therefore if you do not log in within this period, your demo account will be terminated.