OctaFX Minimum Deposit amount required to register a live Octa trading account is $25 USD. This minimum deposit is equivalent to roughly ZAR 447 at the current exchange rate between the US Dollar and the South African Rand at the time of writing.
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 Review – 8 Key Point Quick Overview:
- ☑️Octa at a Glance
- ☑️Octa Account Type – Minimum Deposit Overview
- ☑️Octa Account Overview
- ☑️OctaFX Fees, Spread, and Commissions
- ☑️OctaFX Deposit and Withdrawal Options
- ☑️Customers Reviews
- ☑️Pros and Cons
- ☑️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 Account Type – Minimum Deposits
All Octa accounts have a suggested minimum deposit in place – here is an overview.
| 🔎 Octa | ☑️ Features |
| 💳 Minimum Deposit | ZAR R18 / $1 |
| ➕ Deposit Fees | ❌ No |
| ➖ Withdrawal Fees | ❌ No |
| 💵 Base Currencies | EUR, USD |
| 🚀 Open an Account | Open Account |
The minimum deposit base currency will differ depending on the region of trade. Within Europe, the only base currency available is the Euro. Within the Global Market, both the Euro and US Dollar are catered for.
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 |
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, Spread, and Commission 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 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 |
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 and authorized 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 30 FX pairs to trade | Telephonic support not available 24/7 |
| No commission deposits or withdrawal options | No clients from USA, Canada, Belgium, or others outside EU |
Conclusion
OctaFX Minimum Deposit amount required to register a live Octa trading account is USD 25. This minimum deposit is equivalent to roughly ZAR 447 at the current exchange rate between the US Dollar and the South African Rand at the time of writing.
You might also like: Octa Review
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Frequently Asked Questions
What is the minimum deposit for Octa?
The minimum deposit for Octa is ZAR 80 / $5
Does Octa charge deposit fees?
OctaFX does not charge its clients any fees
What Deposit methods does Octa have on offer?
OctaFX offers a wide variety of deposit methods, including:
- Visa
- Bitcoin
- Skrill
- Neteller
- FasaPay
- Crypto Currency
- Bank wire transfer
Does Octa charge deposit fees?
No, Octa does not charge deposit or withdrawal fees. However, deposit and withdrawal fees may apply to third-party participants.
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