Open OctaFX MT4, MT5 and cTrader account - Forex and Cryptocurrency trading

How to open an account with OctaFX?

To open an account with OctaFX, you first need to go to OctaFX Official Website.

Then go to the registration page, fill in the application form and submit.

Once you sign up, you will receive login credentials of your account which by using it, you can log in to the client portal and your trading account.

The next step is to make a deposit.

To OctaFX’s trading account, you can make a deposit via various methods including bank wire transfer, eWallet (online wallet) and Cryptocurrencies.

Go to OctaFX Official Website

Condition of OctaFX’s Floating Spread

OctaFX only provides floating spreads. This means that OctaFX’s spreads will vary according to market conditions.

The reason is as follows:

OctaFX’s goal is to provide you with transparent prices and the lowest spreads without charging any additional fees. OctaFX only delivers the best buy/sell prices OctaFX receives from liquidity providers, and OctaFX’s spreads accurately reflect the available prices in the market. The main advantage of a floating spread over a fixed spread is that it is usually lower than the average level of the spread. However, you might expect it to expand when the market opens, during (server time) rollovers, during major news releases, or during periods of high volatility Point difference.

You can view the minimum, average and current spreads of all trading instruments on OctaFX’s spreads and conditions page.

Floating spreads vary throughout the day based on trading hours, liquidity and volatility. Spreads tend to widen when the market opens on Monday, announcements of major news and other periods of high volatility.

MT4 and MT5 commissions are included in OctaFX’s spreads as a markup. No additional charges will be applied. cTrader needs to charge trading commissions.

Find out mor eabout OctaFX’s spread

OctaFX does not have re-quote on orders

The requote will only occur when the broker on the other side of the transaction sets a delay in execution during the price change period. As a broker without a trader platform, OctaFX counteracts its pending orders with all liquidity providers.

Go to OctaFX Official Website

Condition of Slippage on OctaFX’s accounts

Slippage is a slight change in the execution price due to the lack of liquidity in the applied price when it is adopted by other traders’ orders. Slippage can also occur due to gaps in the market. Slippage should be considered as a risk factor when trading through ECN brokers, because they cannot guarantee that your order will be executed at the requested price. However, no matter when the slippage occurs, OctaFX’s system is set to trade at the available sub-optimal price. Please note that slippage may be positive or negative, and OctaFX cannot influence this factor.

Find out more about OctaFX’s liquidity

Guaranteed Stop-Loss Order on OctaFX’s accounts

OctaFX is an ECN broker and cannot guarantee the transaction at the applied price. After the pending order is triggered, the pending order becomes a market order, which is traded at the best price available, which mainly depends on market conditions, available liquidity, trading mode and volume.

Using market price execution, OctaFX cannot guarantee that all your positions will be traded at the requested price (please check the About ECN trading page for details). But if you have any questions, or if you want to check your order individually, you are welcome to send an email about detailed complaints to support@octafx.com at any time. OctaFX’s transaction compliance department will investigate your case, provide you with a quick response, and make corrections to your account (if applicable).

Find out more about Stop-Loss on OctaFX accounts

NBP (Negative Balance Protection) by OctaFX

OctaFX provides negative balance protection, so when your account balance becomes negative, OctaFX will automatically adjust it to zero.

The primary task of OctaFX is to let you have an excellent trading experience, so no matter what the risks are, OctaFX will be your backing: OctaFX’s risk management system ensures that the customer’s loss will not exceed the initial investment. If your balance becomes negative due to the stop loss, OctaFX will compensate the amount and restore your account balance to zero. OctaFX guarantees that your risk is only limited to the funds you deposit in your own account. Please note that this does not include all customer debt payments. Therefore, OctaFX’s clients are protected from losses that exceed the initial deposit in OctaFX. You can view more information in the customer agreement .

Find out more about OctaFX’s NBP

How much money do you need to trade with OctaFX?

This depends on the currency pair, transaction size and account leverage. You can use OctaFX’s trading calculator to calculate the margin you need. When you open a hedging (locked or opposite) position, you do not need additional margin, but if your available margin is negative, you will not be able to open a hedging order.

Check out available fund deposit methods for OctaFX

Restrictions of Trading Strategies on OctaFX’s accounts

OctaFX welcomes customers to use all trading strategies, including but not limited to ultra-short-term trading, hedging, based on news trading and Martingale method, and all intelligent trading, but the only exception is arbitrage.

OctaFX allows the use of ultra-short-term, hedging and other strategies, provided that your order complies with OctaFX’s customer agreement. But please note that arbitrage trading is not allowed.

Open OctaFX’s account for free

OctaFX’s ECN Trading Server

OctaFX’s trading server is located in London. OctaFX has extensive server networks and data centers throughout Europe and Asia to ensure low latency and stable connections.

OctaFX values ​​every customer and does everything possible to make them have a positive and profitable trading experience. Providing high-quality services to OctaFX’s customers in accordance with international standards and regulations is always OctaFX’s top priority. OctaFX’s goal is to create a convenient and excellent trading experience and strive to elevate foreign exchange trading to a whole new level. OctaFX’s market price execution takes less than one second, there is no commission for deposits and withdrawals, the spread is the lowest in the industry, the deposit and withdrawal methods are diverse, there is negative balance protection, and a wide range of trading tools are provided.

Find out more about OctaFX’S ECN server

When you can trade on OctaFX’s account?

The trading hours of MT4 and MT5 are 24 hours a day, 5 days a week, starting at 00:00 on Monday, server time (Eastern European Time/Eastern Standard Time) and ending at 23:59 on Friday. The time zone of the cTrader server is Coordinated Universal Time +0, but you can set your own time zone for charts and trading information in the lower right corner of the platform.

You can use OctaFX’s economic calendar at any time to get news about upcoming news, and you can learn more about recent market events on OctaFX’s foreign exchange news page. You can predict that there will be big market volatility when the first event is about to happen.

See trading hours on OctaFX’s accounts

Are swaps (overnight fees) are charged on positions?

It depends on the type of your account. If you have a regular MT4 account, swap fees will be applied to all open overnight (server time) positions. If your MT4 account is free of swaps, it will be swapped for overnight commissions. Swap fees are waived by default for MT5 accounts. A 3-day fee is charged, which means that a fee will be charged for every third rollover of your transaction. There are no swap fees for cTrader accounts and no overnight fees. But if you have a position that is not closed on the weekend, a fee will be charged. You can use this tool to check OctaFX’s fees.

Find out more about Swaps of OctaFX

Conditions of Price Gaps on OctaFX’s accounts

The meaning of the price gap is as follows:

• The current buying price is higher than the previously quoted selling price;
• Or the current selling price is lower than the previously quoted buying price.

The current buying price is higher than the previously quoted selling price; or the current selling price is lower than the previously quoted buying price. It should be noted that you can not always observe the price gap on the price chart, because it may be attached to the candlestick chart. By definition, you will need to pay attention to the selling price in some cases because the chart only shows the buying price. The following rules will apply to pending orders executed during the price gap:

• If your stop-loss is within the price gap, this order will be filled at the first price after the price gap.
• If the price of the pending order and the take profit level is within the price gap, the order will be canceled.
• If the price of the take profit order is within the price gap, the order will be executed at the price of the order.
• Buy stop loss and sell stop loss pending orders will be executed at the first price after the price gap.
• Limit buy and limit sell pending orders will be executed at the price of this order.

Example: The bid price of the listing is 1.09004, and the selling price is 1.0900. On the next transaction order, the bid price is 1.09012 and the ask price is 1.0902:

• If your sell order is set to a stop loss of 1.09005, then this order will be filled at 1.0902.
• If your take profit level is 1.09005, this order will be filled at 1.0900.
• If your buy stop-loss order price is 1.09002 and the set profit price is 1.09022, this order will be canceled.
• If your buy stop-loss order price is 1.09005, this order will be opened at 1.0902.
• If your buy limit price is 1.09005, this order will be opened at 1.0900.

Contact OctaFX Support Team

Is OctaFX a trusted company?

OctaFX prides itself on being a socially responsible company. OctaFX has participated in the support of multiple foundations and charity projects, and OctaFX has done the best to help people in need. OctaFX believes that improving the quality of life of people with disabilities around the world is OctaFX’s unshirkable responsibility. You can learn more about how you can help on OctaFX’s charity page.

In addition to helping many charities, OctaFX also supports sports projects around the world. OctaFX strives to support the sports that OctaFX’s customers are passionate about. Therefore, OctaFX signed the first sponsorship agreement with Persib Bandung Football Club as early as 2014. Persib finally won the ISL Cup in 2014, and the title of Indonesian champion is well-deserved. OctaFX also sponsored the Cup Padang Padang held in Bali in August, which connects surfing and foreign exchange trading with the usual sense of riding the wind and waves. OctaFX also sponsored the Premier League Southampton Football Club.

Go to OctaFX Official Website