Comparison of OctaFX's account types and platforms | Which is the best?

OctaFX

Traders from all over the world who invest their funds through an online financial brokerage service are always in search of a reliable broker that offers a transparent and efficient service. Especially investors who typically invest in highly volatile markets such as crypto are extremely meticulous in choosing a trusted broker that has cutting-edge tools and services allowing the creation of promising strategies, excellent risk management, and total control over their operations. For many traders scattered around the globe, OctaFX is undoubtedly the right choice.

A true giant in the sector that, since its inception, has operated to achieve a single goal: to meet customer needs. OctaFX offers a service based on trust, structured in such a way as to be compatible with any trading style or need:

• Ensuring transparent management of clients’ funds.
• Transparent trading conditions, among the most advantageous offered on the market.
• Easy-to-use tools and interaction on the markets.
• Constant support for improving skills and knowledge. In this way, every trader, regardless of their experience level, can refine their investment techniques.
• Constant updates on services and tools available.
• Accounts suitable for any trader, with convenient trading conditions that allow excellent portfolio diversification and adequate risk management.
• Cutting-edge trading platforms: MT4, MT5, and OctaTrader.

Visit the official OctaFX website

Investing in Crypto with OctaFX

The cryptocurrency market is considered by many traders an extremely enticing environment in which to invest due to its characteristics. A market open 24/7 with very high volatility and liquidity, no link with the performance of a particular country’s economy, not subject to price changes due to interest rates and monetary policies.

• An excellent option to diversify one’s portfolio in the best possible way.
• Many traders buy cryptocurrencies to protect themselves from potential dark times in the markets.
• It’s possible to convert them into traditional currencies at any time.
• Given the high volatility, it’s an excellent investment for day traders who open and close positions quickly.

To meet the needs of its clients, the broker allows trading on a wide range of crypto instruments with extremely advantageous trading conditions, available on MetaTrader 4 and MetaTrader 5 seven days a week.

Leverage among the highest on the market.

The broker allows trading in CFDs on cryptocurrencies using leverage up to 1:25.

Affordable entry costs.

OctaFX allows its clients to start investing in crypto with just $100. This allows traders not too experienced to try their hand at trading crypto without having to risk excessive funds.

Starting is simple.

The client will not necessarily need to have an electronic wallet to invest. Also, there is no need to engage in the constant search for a better exchange rate.

Reliable broker, a leader in the sector.

With high security standards, the broker guarantees an experience free of dangers that will allow the client to focus exclusively on strategy creation.

Variable spreads among the lowest on the market and zero commissions

Spread starting from 1.8 pips and no commission will guarantee the trader to make the most of any operation.

Among the available instruments, we find:

Invest in Crypto with OctaFX

OctaFX Account

Although the list of accounts offered by the broker is not particularly extensive, it is structured to meet the needs of any trader. Both experts and beginners will be able to operate to the best of their abilities, using tools and services carefully chosen to offer a trading environment without gaps. All accounts offer variable spreads starting from 0.6 pip, no commission, and a minimum deposit of $25, but they differ in other features that make them suitable for specific categories of traders.

The available accounts are:

• OctaTrader Account.
• MT4 Account.
• MT5 Account.

Open a real account with OctaFX

OctaTrader Account

This type of account has features suitable for any type of trader. Both experts and beginners can operate with extreme simplicity and invest with trading conditions compatible with any style or trading strategy. Below, the main features of the account:

Open an OctaTrader account with OctaFX

MT5 Account

The MT5 account is designed for professional and high-volume investment traders who require exclusive tools and services to trade. The account offers trading conditions and features for high-performance trading that will allow experts in the field to trade to the best of their abilities.

Open an MT5 account with OctaFX

MT4 Account

Account type mainly created for access to the markets by novice traders who wish to start investing without having to run high risks. The MT4 account offers the client ease of use and favorable conditions. Although it has features suitable for beginner trading, the MT4 account is also suitable for experienced traders, intending to test the environment offered before investing larger volumes.

Open an MT4 account with OctaFX

Comparing the Offered Accounts

Depending on their level of experience or trading needs, traders can opt for the account that best suits their style and start trading, taking advantage of every opportunity through the use of available tools and features. If a client wants to test the offered environment without risking funds, they can opt for opening a demo account and use virtual funds. By consulting the following comparative table, the trader can more accurately choose the account most compatible with their modus operandi.

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How to Open an OctaFX Account

The registration process to open a new account with the broker is very simple and fast. The potential client can register by uploading their personal data, deposit, and start trading in a few minutes.

To register, just follow these simple steps:

First Step

To start, the interested trader will need to visit the official website and click on the “Registration” icon located at the top right of the page. In the small form that will appear on the right, they will need to enter their email, a password to use for the account, and accept the terms and conditions (after reading them carefully). Click on “Submit” and check their email. The broker will send a verification email that the trader will need to open and confirm.

Second Step

In this step, the new client will need to provide their personal data, including name, surname, country of residence, telephone number, any trading experience, and date of birth. After entering the required data, the trader will need to choose whether to open a “standard” account or configure the account manually. Click on “Submit”.

Third Step

The account is open, and to successfully complete the registration, the trader will need to undergo a verification process of their identity and country of origin. To proceed, they must send a colored, full-size, clear, front and back photo of a valid identification document (ID card, passport, driver’s license) and a recent utility bill (gas or electricity) containing the trader’s full address.

Final Step

Once verified, the trader can make a deposit and start investing.

It’s important to remember that the “Standard” opening account is the OctaTrader account. After registering, clients can open additional accounts and choose the right option for their needs. If the trader does not want to open more than one account, they can choose to manually set up the desired account in the early stages of registration.

Open a real account with OctaFX

Platforms Available with OctaFX

To offer traders the opportunity to interact in the markets, taking full advantage of every investment opportunity, the broker provides state-of-the-art software, created with the sole purpose of ensuring trading at the highest levels. Intuitive, technologically advanced platforms, rich in tools and features:

• MT4.
• MT5.
• OctaTrader.
• OctaFX Copytrading.

Invest on platforms with OctaFX

MetaTrader 4 Platform

Undoubtedly one of the most used online trading platforms in the world, MT4 is software that offers an extremely intuitive interface suitable for both expert and beginner traders. Finely structured to allow operating at one’s fullest potential, MT4 has technologically advanced tools and features for creating efficient trading strategies based on updated information. The main feature of the software is its total customization, allowing the trader to adapt any parameter to their needs. Technologically advanced charts, technical indicators, one-click trading, strategy tester, and much more. In addition, the platform offers the possibility of using trading robots; the customer can use free EAs, create new ones according to their style, or purchase them in the store.

High flexibility of use.

The platform allows trading on a wide range of instruments, including indices and cryptocurrencies.

Ease of use.

Intuitive and easy to use, MT4 was created to allow any category of trader to operate at their full capacity.

Customizable to be compatible.

MT4 can be “shaped” by the trader to meet any need. The client can modify charts and windows, develop EAs (trading robots), and technical indicators according to their way of investing.

Dynamic.

MT4 is synonymous with efficiency; the software will not slow down the client’s device, allowing them to take full advantage of any trading opportunity. Extremely useful in highly volatile markets like crypto.

Graphic tools.

A wide range of state-of-the-art graphic tools to analyze the markets in detail.

Unlimited automated trading.

The client can create EAs according to their trading needs and test them before use.

Multilingual.

Available in multiple languages to be used in every part of the globe.

As mentioned, the platform allows trading on cryptocurrencies. To start, the client will need to access their instrument list, right-click on the list of available symbols, click on “show all,” and select cryptocurrencies.

Below, the main features of the platform:

MT4 is available on any existing device. Based on their needs, the client can download and use the most suitable version, choosing between:

• Desktop version for MAC and Windows devices
• Mobile version for Android and iOS devices.
• Web version available for any device. No download is required for its use.

Invest on the MT4 platform with OctaFX

Multi-Asset MT5 Platform

A powerful platform that leverages the latest technologies to offer high-performance trading, MT5, in addition to including the features of the less recent MT4, has additional tools and features to enable professional trading. More technical analysis tools, improved charts and timelines, and fluid usability are just some of the features of software that allows trading at a higher level.

Extensive list of pending orders.

The trader can place up to 8 types of pending orders for accurate control over open positions.

Enhanced crypto trading.

MT5 offers the possibility of swing intraday trading or position trading. Moreover, an innovative hedging feature allows for scalping as well.

One-click trading.

A service that allows the client to carry out any operation with a simple click of the mouse. Essential for reacting quickly to sudden market changes.

Expansion of available technical analysis tools.

The software includes a wide range of technical tools, including 21 different time intervals for creating charts and nine techniques for organizing charts.

Optimization of strategy testers.

Updated functions for testing with expert advisors and the possibility to view the results in detail.

Integrated economic calendar.

To trade updated with news on events, data, and real-time economic indicators.

State-of-the-art automated trading.

With integrated MQL market product tabs for EAs.

Among the main features of the software, we can note:

Like MT4, the multi-asset MT5 platform is compatible with all existing devices. The client can choose which version to download and use to invest. Moreover, if the trader does not want to download anything, they can opt for the web version of the platform.

Invest on the MT5 platform with OctaFX

OctaTrader Trading Platform

OctaTrader is an innovative platform created by the broker, which is based on two fundamental concepts: versatility and information. After years of research and interviewing traders from all over the world to understand their real needs, the OctaFx team was able to create efficient and intuitive software, capable of allowing any trader to trade easily, taking advantage of cutting-edge technologies.

To further improve the client’s trading experience quality, the platform, in addition to including a wide range of updated tools and services, includes TradingView graphic technologies. Through these, the trader can perform accurate market analysis with updated exchange rates, use tools that will allow excellent control over market fluctuations, and trade updated with relevant news and significant events that could affect the markets.

Speed of use.

Full control over one’s operations. The client will be able to manage profile, account, and financial transactions quickly and with extreme ease.

Maximizing the advantage.

Being a multi-asset platform, OctaTrader offers a wide range of instruments to invest in without interruptions and from any device, both fixed and mobile.

Informed trading.

With access to precise market analysis, the trader will be able to expand their knowledge of the markets and take full advantage of every trading opportunity.

As mentioned, the platform offers a wide range of tools and services constantly updated to allow the client to improve their market performance:

• The platform allows trading directly from the chart, ensuring practically immediate market interaction.
• Customization of Stop Loss and Take Profit levels for excellent risk management.
• Partial order closure available.
• Pending order option included.
• Integrated “one-click trading” service, which allows any operation to be carried out quickly.
• Possibility to receive useful alerts and notifications.
• Information on any promotional offers and brokerage programs.
• Safe and obligation-free deposit and withdrawal transactions.
• Free access to accurate analyses, constantly updated based on the markets.
• Customer support always available 24/7 to solve any problems.

Invest on the OctaTrader platform with OctaFX

OctaFX Copytrading

The OctaFX Copytrading platform allows clients to copy the trading strategies of professional traders carefully selected by the broker. The interested trader can choose the professional from whom to copy strategies by consulting the list, where they can learn all the features of the selected Master (professional) and evaluate if it’s compatible with their style based on trading preferences, level of experience, history of operations carried out, risk propensity, and much more. Once the master and strategy are chosen, the client only needs to wait for the results of the affected operations. The selected operations will be automatically copied to the applicant’s account. Moreover, the trader will always have full control over their operations and can modify or stop copying orders at any time.

Copy trading is a valid alternative for both professional traders who want to refine their style and for novices eager to expand their knowledge while saving time and effort in creating strategies.

It’s important to specify that each professional will receive a commission for the copied operation (which varies depending on the selected Master).

• Benefit from the operations of professionals in the field.
• No need to be an experienced trader to use the service.
• An excellent strategy to diversify the portfolio and achieve stable profits best.
• In addition to economic benefits, the trader can expand their knowledge and experience by following professionals at work.
• Possibility to follow multiple professionals.
• Quick execution of copied orders.
• Total control over copied operations that can be executed and interrupted.
• Easy access without any additional registration.
• Quick and easy withdrawals and deposits through popular payment methods.

Invest on the OctaFX Copytrading platform

Posted by Maria Sanchez

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Maria is an expert of financial markets, bringing all the information from English to Spanish for a better understanding of the online traders. She is also a day trader with experience in developing trading strategies that generate profit while minimizing risk and working under high pressured environment. While being a portfolio manager by herself, she focuses on marketing and consultancy of financial and Insurance products.