OctaFX fees and spreads are charges made by Octa for the brokerage services provided to its clients. Octa fees spread, and commissions charged start from USD 7, R110 ZAR with spreads as low as 0.0 pips.
Min Deposit USD 25 Regulators CySEC, MISA, FSCA and FSC Trading Platform MT4, MT5, OctaTrader Crypto Yes Total Pairs 52 Islamic Account Yes Trading Fees No Account Activation 24 Hours
OctaFX Fees and Spreads – 8 Key Point Quick Overview
- ☑️Octa at a Glance
- ☑️OctaFX Fees and Spreads Overview
- ☑️Octa Account Overview
- ☑️OctaFX Deposit and Withdrawal Options
- ☑️Customers Reviews
- ☑️Pros and Cons
- ☑️Conclusion
- ☑️Frequently Asked Questions
Octa at a Glance
| Company Information | |
| 📅Year Founded | 2011 |
| Current CEO | Darrell E. Johnson |
| Founder/s | Georgios D. Pantzis |
| 🧑🏻💻Amount of staff | 694 |
| 👩💻Amount of active traders | Over 1,000,000 |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | CySEC, MWALI, FSCA |
| 🌎Country of regulation | Cyprus, Union of the Comoros, South Africa |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| Two-step Authentication | Yes |
| Stop-loss Instrument | Yes |
| 🔋Investor Protection Schemes | Yes |
| Account Types and Features | |
| ➕Accounts | OctaTrader Account, MT4, MT5 |
| 💳Institutional Accounts | No |
| 👨💼Managed Accounts | No |
| 📇Minor account currencies | USD, EUR |
| 💰Minimum Deposit | $25 / R447 |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | 1-3 business days |
| 🪙Fund Withdrawal Fee | No |
| 📊Spreads from | 0.6 pips |
| 💸Commissions | None |
| 💱Number of base currencies supported | 2 (USD, EUR) |
| 🚀Swap Fees | Yes |
| 📈Leverage | Up to 1:1000 |
| 📏Margin requirements | margin requirement of 50% |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | In seconds |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 277 |
| 🗠CFD Stock Indices | Yes |
| ⚖️CFD Commodities | Yes |
| 📜CFD Shares | Yes |
| Trading Indices with GP | Yes |
| Trading Stocks with GP | Yes |
| Swap on trading board | Yes |
| Deposits and Withdrawals | |
| 💳Deposit Options | credit cards, debit cards, bank transfers, e-wallets (like Skrill, Neteller), and cryptocurrency |
| 💵Withdrawal Options | The same as deposit options |
| Trading Platforms and Tools | |
| 💻Trading Platforms | OctaTrader, MetaTrader 4, MetaTrader 5 |
| 👩💻OS Compatibility | Web, Mobile (iOS and Android) |
| 🖥️Forex trading tools | Yes |
| Customer Support | |
| 🗣️Live chat availability | Yes, available 24/7 |
| 📱Customer Support email address | support@octafx.com |
| 📞Customer Support Contact Number | N/A |
| 👾Social media Platforms | Facebook, Twitter, Instagram |
| 🗣️Languages supported on Website | English, Arabic, Chinese, Indonesian, Malay, Thai, and Vietnamese |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | Over 4,600 |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
| 🪙Rebate program | Yes |
| Commission Fee | None on most accounts |
| Social Platforms | |
| Official Facebook Page | Yes |
| Official Twitter Page | yes |
| Official Youtube Channel | yes |
| Official Linkedin Page | yes |
| Official Instagram Page | yes |
| Official Website address | yes |
| South African Trader Specific Information | |
| Does Octa Accept South African Traders? | Yes |
| Is Octa regulated by the South African regulatory body (FSCA)? | Yes |
| Does Octa offer an Affiliate Program for South African Traders? | Yes |
| Does Octa allow opening trading accounts in ZAR (South African Rand)? | Yes |
| 👉Open Account | Open Account |
OctaFX Fees and Spreads Overview
OctaFX fees spread, and commissions start from US Dollar USD 7 / R110 ZAR with spreads of 0.0 pips. OctaFX trading fees are according to the type of live trading account chosen and the options along with the spread list, commissions, and leverage are as follows.
MT4 Micro Account Fees, Spread, and Commissions
| 💵 Asset | 🔁 Spreads From | 💳 Commissions | 🔄 Swap Short (Points) | 🔄 Swap Long (Points) |
| EUR/USD | 0.6 pips | ❌ No | -1.90 | -2.10 |
| GBP/USD | 0.9 pips | ❌ No | -4.80 | -2.80 |
| USD/JPY | 1.0 pips | ❌ No | -3.70 | -1.10 |
| GOLD (XAU/USD) | 1.8 points | ❌ No | -2.65 | -5.83 |
| DOW JONES (US30) | 2.5 points | ❌ No | -8.00 | -8.00 |
| BITCOIN (BTC/USD) | 2.8 points | ❌ No | -2.00 | -2.00 |
| 🚀 Open an Account | 👉 Open Account | 👉 Open Account | 👉 Open Account | 👉 Open Account |
MT5 Pro Account Fees, Spread, and Commissions
| 💵 Asset | 🔁 Spreads from | 💳 Commissions | 🔄 Swap | 🔄 Three Days Fee |
| EUR/USD | 0.6 pips | ❌ No | ✖️ No | -0.1 |
| GBP/USD | 0.9 pips | ❌ No | ✖️ No | -0.1 |
| USD/JPY | 1.0 pips | ❌ No | ✖️ No | -0.1 |
| GOLD (XAU/USD) | 1.8 points | ❌ No | ✖️ No | -0.2 |
| DOW JONES (US30) | 2.5 points | ❌ No | ✖️ No | -0.3 |
| BITCOIN (BTC/USD) | 2.8 points | ❌ No | ✖️ No | -0.1 |
| 🚀 Open an Account | 👉 Open Account | 👉 Open Account | 👉 Open Account | 👉 Open Account |
cTrader Account Fees, Spread, and Commissions
| 💵 Asset | 🔁 Spreads from | 💳 Commissions | 🔄 Swap | 🔄 Weekly Rollover |
| EUR/USD | 0.4 pips | $3/1Lot | ❌ No | -0.2 |
| GBP/USD | 0.4 pips | $3/1Lot | ❌ No | -0.3 |
| USD/JPY | 0.4 pips | $3/1Lot | ❌ No | -0.3 |
| GOLD (XAU/USD) | 1.2 pips | $3/1Lot | ❌ No | -0.4 |
| Open an Account | 👉 Open Account | 👉 Open Account | 👉 Open Account | 👉 Open Account |
OctaFX Account Overview
| 📉 OctaFX Micro MT4 | 📊 OctaFX MT5 | 📈 Octa Islamic Account |
| US-based traders and traders from other parts of the world must make a $25 USD, R447 ZAR minimum deposit. | Minimum deposit of $25 USD - R447 ZAR | Sharia law-compliant |
| For traders within the EU, a minimum of $25 deposit amount is required. | Floating spreads. | Sharia law-compliant. |
| Spreads are from 2 pips fixed spread or 0.4 pip floating spread. | Spreads for trading with the MT5 trading platform start at 0.2 pips. | Limited to trading metals and Forex only. |
| An overnight fee is charged every 3 days. | $5 per lot commission on each trade. | |
| 👉 Open Account | 👉 Open Account | 👉 Open Account |
OctaFX Deposit and Withdrawal Options
OctaFX Deposit Methods
| 💳 Payment Method | 💵 Recommended Minimum Amount | 💰 Commission | ⚙️ Execution Time |
| ✅ Visa | 25.00 USD ⤵️ | Free | ⚡ 1-5 Minutes |
| Accepted Currencies: USD, EUR | - | - | |
| ✅ Bitcoin | 0.00037000 BTC ⤵️ | Free | ⚡ 3-30 Minutes |
| Accepted Currencies: BTC | - | - | |
| ✅ Skrill | 50.00 USD ⤵️ | Free | ⚡ Instant |
| Accepted Currencies: USD, EUR | - | - | |
| ✅ Neteller | 50.00 EUR ⤵️ | Free | ⚡ Instant |
| Accepted Currencies: EUR, USD | - | - | |
| ✅ Litecoin | 0.30000000 LTC ⤵️ | Free | ⚡ 3-30 Minutes |
| Accepted currencies: LTC | - | - | |
| ✅ Dogecoin | 230.00000000 DOGE ⤵️ | Free | ⚡ 3-30 Minutes |
| Accepted currencies: Doge | - | - | |
| ✅ Tether ERC-20 | 50.00000000 USDTE ⤵️ | Free | ⚡ 3-30 Minutes |
| Accepted currencies: USDTE | - | - | |
| ✅ Tether TRC-20 | 50.00000000 USDTT ⤵️ | Free | ⚡ 3-30 Minutes |
| Accepted currencies: USDTT | - | - | |
| ✅ Mastercard | 50.00 EUR ⤵️ | Free | ⚡ Instant |
| Accepted Currencies: EUR | - | - | |
| ✅ Ethereum | 0.02000000 ETH ⤵️ | Free | ⚡ 3-30 Minutes |
| Accepted currencies: ETH | - | - | |
| 🚀 Open an Account | 👉 Open Account | 👉 Open Account | 👉 Open Account |
OctaFX Withdrawal Methods
| 💳 Payment Method | 💵 Recommended Minimum Amount | 💰 Commission | ⚙️ Execution Time |
| ✅ Visa | 25.00 USD ⤵️ | Free | ⚡ 1-5 Minutes |
| Accepted Currencies: USD, EUR | - | - | |
| ✅ Bitcoin | 0.00037000 BTC ⤵️ | Free | ⚡ 3-30 Minutes |
| Accepted Currencies: BTC | - | - | |
| ✅ Skrill | 50.00 USD ⤵️ | Free | ⚡ Instant |
| Accepted Currencies: USD, EUR | - | - | |
| ✅ Neteller | 50.00 EUR ⤵️ | Free | ⚡ Instant |
| Accepted Currencies: EUR, USD | - | - | |
| ✅ Litecoin | 0.30000000 LTC ⤵️ | Free | ⚡ 3-30 Minutes |
| Accepted currencies: LTC | - | - | |
| ✅ Dogecoin | 230.00000000 DOGE ⤵️ | Free | ⚡ 3-30 Minutes |
| Accepted currencies: Doge | - | - | |
| ✅ Tether ERC-20 | 50.00000000 USDTE ⤵️ | Free | ⚡ 3-30 Minutes |
| Accepted currencies: USDTE | - | - | |
| ✅ Tether TRC-20 | 50.00000000 USDTT ⤵️ | Free | ⚡ 3-30 Minutes |
| Accepted currencies: USDTT | - | - | |
| ✅ Mastercard | 50.00 EUR ⤵️ | Free | ⚡ Instant |
| Accepted Currencies: EUR | - | - | |
| ✅ Ethereum | 0.02000000 ETH ⤵️ | Free | ⚡ 3-30 Minutes |
| Accepted currencies: ETH | - | - | |
| 🚀 Open an Account | 👉 Open Account | 👉 Open Account | 👉 Open Account |
Min Deposit USD 25 Regulators CySEC, MISA, FSCA and FSC Trading Platform MT4, MT5, OctaTrader Crypto Yes Total Pairs 52 Islamic Account Yes Trading Fees No Account Activation 24 Hours
Customer Reviews
🥇 Strong Choice!
Octa has been operating powerfully, particularly in transaction services. The addition of an indicator table, such as the MACD, beside the trade chart, on the other hand, would improve the overall experience. – Mia Jacobs
🥈 Highly Recommend
Octa is a highly recommended product. It combines excellent customer support with a fantastic trading experience, making it the clear choice for traders, particularly newbies. – Benjamin Dlamini
Octa provides traders with the necessary flexibility while keeping low spreads and a transparent trading environment. It is a must-have option for any trader. – Aaron Van Zyl
Pros and Cons
| ✅ Pros | ❌ Cons |
| Regulated by SVGFSA | Limited assets |
| Unlimited demo account | Low Crypto coverage |
| Advanced technology | No VPS |
| Forex and CFDs offered | No education tools on Forex |
| More than 80 pairs to trade | No clients from USA, Canada, Belgium, or others outside EU |
Conclusion
OctaFX Fees and Spreads does not charge hidden or expensive fees with MT4 and MT5 commissions included in its spreads as mark-up.
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Frequently Asked Questions
Is spreads by Octa good?
Yes, What is striking about this broker is its excellent spreads. With its low minimum deposit requirement of $50 / ZAR 750, you would not expect favorable spreads; however, this is not the case with Octa.
Does Octa offer fixed spreads?
No. Octa offers floating spreads only that vary according to market situations.
Does Octa have any commissions?
MT4 and MT5 commission is included in their spreads as mark-up and no additional fee is applied.
What are Octa’s Fees in cost?
OctaFX fees are calculated according to account choice.
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