Octafx account verification

In the pop-up window you need to write your full name, email address and create a password.

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How to open a trading account with OctaFX, octafx account verification.

According to our KYC policy you can only provide us with real data. Please, notice, that according to our AML and KYC policies our clients must verify their accounts by providing required documents. We request only one document from our indonesian clients. You need to take a photo of your KTP or SIM and submit it. This way validates you are a sole holder of trading account and insure prevention of any unauthorized access.

How to open a trading account with octafx

Account opening on octafx is a fast and easy process which is done in a few simple steps. We help you to set up a real or demo account and lead you through the first steps of trading forex. We also cover other factors that you should be aware of before trading.

Let’s start with what you need to know before opening a forex trading account:

Please notice that by opening account you confirm that customer agreement has been read and you unconditionally agree with its provisions.

Forex margin trading involves substantial risks. Before entering forex market you need to be aware of risks involved.

AML and KYC policies. In order to protect accounts of any unauthorized access and to secure transactions we require documents verification.

To open a trading account, please, follow the step-by-step instruction:

1. Start the registration at octafx

In order to start the registration press the open account at the top right corner of the menu (step 1 image). You can start the registration at octafx from any page. If the registration at the menu looks complex, you can always start your registration from a signup page.

2. Fill in full name, email and create password

In the pop-up window you need to write your full name, email address and create a password. According to our KYC policy you can only provide us with real data.

3. Verify registration email

Then, please, check your mailbox and complete registration process by verifying your email address.

4. Fill in personal details

After you followed a verification link in your email you need to fill in your personal details, such as country, city, address, phone number, date of birth. The information provided must be accurate, relevant, up-to-date and should be a subject to KYC procedures and verification. Please notice that you need to be of a legal age to trade forex.

5. Choose trading platform

At the next step you need to choose trading platform and type of your account. We have two types of accounts: real and demo. You can open a free demo account to practice with virtual funds without any risks. Demo account is made to show clients how real platform looks like and operates. It is also created to train your skills, test strategies and test bots and trading scripts. Please, notice, that you cannot withdraw profit from demo account or transfer funds to the real one, because funds are virtual.

We offer three types of accounts depending on the trading platform:

Micro account to trade on metatrader 4. The best choice for novice traders as it is user friendly and has hundreds of built-in indicators.

Pro account on metatrader 5. The platform is considered to be the future of retail trading. It has more features, time frames and trading assets.

ECN account on ctrader. Highly customizable and modern platform which meets all needs of traders of all levels.

6. Finish account choice

After choosing a platform you need to click ‘continue’ and your trading account will be created.

You will see a brief summary of your account including:

Account type (demo or real)

Currency of your account (EUR or USD)

Leverage (you can always change it in your personal account later)

7. Make your first deposit and submit verification document for withdrawal

Then you can go ahead and make your first deposit or you can firstly complete verification process.

Please, notice, that according to our AML and KYC policies our clients must verify their accounts by providing required documents. We request only one document from our indonesian clients. You need to take a photo of your KTP or SIM and submit it. This way validates you are a sole holder of trading account and insure prevention of any unauthorized access.

Following the steps above allows you to create trading account on octafx. In order to start trading you need to complete the deposit process. Read “how to make a deposit at octafx”.

Octafx account verification

Language support: bengali, chinese, english, hindi, indonesian, malay, portuguese, spanish, thai

Create trading accounts, modify leverage, enable swap-free options, edit and restore passwords

Make deposits and withdrawals using the most popular payment options

View your detailed overall or account operation history, apply convenient filters to it and cancel your previous deposit

Start trading in a compatible trading platform app

Top up your demo account

View contest statistics and access your contest accounts

Activate bonuses and view statistics on active and completed bonuses

get it on

Forex trading accessibility for everyone

Octafx - one of the best forex brokers on the market, for traders all round the world. Octafx offers access to CFD trading, commodity trading and indices trading with award-winning forex trading conditions. As well as access to the forex market, octafx offers a variety of promotions that can help you:

50% bonus on deposit

Negative balance protection

Why choose forex trading with octafx

Octafx forex broker ensures reliable forex trading conditions to provide traders of all skill levels with an opportunity to earn more. This is possible due to:

No commissions on deposits and withdrawals

No swaps

No slippage

No delays

Metatrader 4 free trading software

Download metatrader 4 for all device versions

Download metatrader 4 on your phone

Metatrader 4 web-platform

MT4 web platform allows you to trade from any browser on any operating system with a well-known interface of a desktop platform. All major tools are available including one click trading and chart trading.

Metatrader 4 desktop

Metatrader 4 is highly customisable. It includes charting tools, market indicators, scripts and eas, advanced risk management, real time market execution and more.

Metatrader 4 android

Enjoy a complete set of trade orders, trading history, interactive charts and the widest variety of supported devices - all that is metatrader 4 for android. Wherever you are and whatever you do, forex will always be with you!

Metatrader 4 ios

Widespread trading software is now available for your iphone/ipad. Login to your account and have the opportunity to trade on metatrader 4 from anywhere in the world via your ios device.

THE MOST POPULAR FOREX TRADING PLATFORM

Metatrader 4 (MT4) provides robust technology and high security to enable traders to choose forex or CFD positions without worrying about the stability of the platform. It offers instruments to follow price fluctuations, identify trend patterns through charts and graphs, and also deploy automated trading techniques to manage trades.

Why choose metatrader 4?

This electronic trading platform is used by new and experienced traders alike. It’s trusted by individual traders as well as large introducing brokers and trading companies. It offers excellent trading and analytical tools, and is flexible enough to implement simple as well as highly complex trading strategies. The platform supports trading in forex, cfds and cryptocurrencies.

At octafx, we provide our clients with the MT4 platform to enable them to carry out their trading activities efficiently and with complete peace of mind. We also offer educational material, as well as MT4 demo accounts, so they can practice risk-free trading.

Easier trading with metatrader 4

Flexibility: there are several choices of currency pairs to trade in, as well as cryptocurrencies and cfds.

User-friendly: MT4 has a user-friendly interface that is suitable for traders of all levels.

Customisation: develop your own expert advisors (eas) and technical indicators on metatrader 4, to match your trading needs and practices. Windows and charts can be arranged for each profile according to your preferences.

Efficiency: MT4 doesn’t slow down the performance of your PC or mobile, keeping disruption to a minimum.

Charting tools: advanced charting tools help analyze the technical aspects of the market.

Expert advisors: trading robots enable the automation of trades and access to the platform’s algorithmic trading benefits.

Language: the platform is available in multiple languages.

Learn how to start forex trading in 4 easy steps
learn how to start trading on MT4

Metatrader 4 offers enhanced security

The MT4 platform offers the highest security standards to protect traders’ funds. The client terminal and platform servers exchange data through encrypted servers, and the platform uses RSA digital signatures. Your IP address also remains protected.

Moreover, alongside metatrader 4 security, octafx provides it’s own measures taking fund security to the next level:

Segregated accounts: as per international regulatory standards, octafx keeps customers' funds separate from the company's balance sheets.

SSL-protected personal area: customers’ personal data and financial transactions are protected with 128-bit encryption, making browsing safe and client data inaccessible to any third party.

Account verification: octafx encourages customers to verify their account by submitting a personal ID scan and proof of address to ensure transactions are authorised and secured.

Secure withdrawal rules: withdrawals require email confirmation and customers are encouraged to use the same payment details for both deposits and withdrawals.

3D secure visa authorisation: 3D secure technology is used for processing credit and debit cards.

Advanced protection: octafx ensures the technical environment is monitored 24/7 by a dedicated team of security engineers and technical specialists.

Metatrader 4: OS and device compatibility

Metatrader 4 is available as a web platform that’s compatible with windows, linux and mac OS. MT4 can also be accessed from a smartphone or tablet, whether it has an ios or android operating system. Trade anytime and anywhere, and have access to trading information 24 hours a day, even while you’re traveling or on vacation. It is super-easy to download and install the terminal on any compatible device.

Metatrader 4: trade execution modes

An order is an instruction to perform a trade. There are three trade execution modes on the MT4 platform:

Execution by market: your order opens a position at the latest price, even if there’s a deviation from what is visible on the platform. This results in much faster execution of orders, as it doesn’t involve requotes. *
* supported by octafx

Instant execution: the system tries to execute your order using the current price on the platform. If the exchange rate changes while the order is being processed, a requote option becomes available, which the trader can accept or reject.

Execution on request: prices are requested before the order is placed. Once the exchange rates come in, order execution can be confirmed or rejected.

Metatrader 4: сharting tools for technical analysis

Metatrader 4 offers advanced charting capabilities to determine entry and exit points with technical analysis, which uses historical price and volume data to help make predictions. It’s also possible to send trading orders straight from the chart.

By default, MT4 opens with four charts, each representing a unique currency pair. On the left of the charts is the market watch window, with two tabs. The symbols tab shows a list of currency pairs with their bid and ask prices, while the tick charts tab shows the real-time price activity of chosen currency pairs. Below this is the navigator window, where traders can view their account(s), indicators and expert advisors.

The appearance of the charts can be customised. Each currency pair on the chart can be seen in nine different timeframes (including one minute, five minutes, one hour, daily, weekly, monthly). Graphical objects can be included in the charts, such as shapes (rectangle, triangle, ellipse), arrows and text.

Open a forex account | FX account verification | deposit and withdraw

Open a forex account | FX account verification | deposit and withdraw tani forex tutorial in urdu. How to open a forex trading account? Verification, deposit and withdraw in pakistan. Very easy for trading in pakistan deposit and withdraw through local banks. Special tutorial for beginners in urdu and hindi.

Forex basics tutorial. How to open a forex trading account in octafx broker. First visit taniforex.Com website are click here . Click on best forex trading brokers and click on low spread best account in pakistan. Click on click here button now in new tap you find a octa forex trading broker page. Write full name , email and password. Now your account email is verified.

Now on your octaforex broker personal area option of your personal information. Add your full address and save information. Now cheese your account type MT4, MT5 are ctrader trading plat form. Now click on continue button and click on identity verification. Here you find 3 different types of option. On first no you make a picture of you ID card ( frond side and back side ). In first option upload front side and 2nd option upload back side of your identity card.

In 3rd option upload pic of driving licence , passport, light bill, phone are gas bill are bank statement. After upload click on request now wait few mints your document is successfully uploaded. Now click on live chat button and contact on live chat supporter. In verification only 5 mints.

Now your account ready for deposit. Click on deposit button now 5 different types of deposit way. Local banks, skrill , neteller, bitcoin and in pakistan HBL and UBL banks. If you want to deposit and withdraw through local banks in pakistan and india. Click on HBL banks. Select deposit amount and click on continue button. You find octa forex company HBL bank details. And go bank and deposit in this account. After deposit click on notify us after transfer. Here you find some more information and click on payment proof choose file here you upload banks deposit slip. Now click on confirm request and start trading.

In pakistan 9.00 AM to 9.00 PM maximum 3 hour and average you collect balance in 20 to 30 mints. For withdraw click on request withdraw and select payment option pakistan local banks. First write amount of withdraw minimum 10$. In 2nd option you find auto withdraw amount in pakistani rupees. 3rd option select payment account. Below write bank details write bank name. Next write branch code and below write bank account no. No need for change your name. Below write identity card no and last option pin code. Now click on request in day time maximum withdraw time 3 hours and average time 30 mints.

Best thing about octa forex trading brokers no withdraw charges. Very easy and quick deposit and withdraw. No doubt octa forex is best forex trading broker in pakistan and india. For more information about octa forex trading broker deposit , withdraw and verification watch below video. All information in hindi & urdu by owner of tani forex.

For more forex trading education tutorials join us on you tube. On you tube we provide daily one education videos. Our all services 100% free. Download free forex trading indicators, forex auto trading reboots, forex basics course on this website.

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OCTAFX

Are you looking for a best ECN broker to start trading? Then octafx can be the best option for you. In fact, two well-known online portals have named the broker as best ECN broker. The broker is legit and offers an easy to use trading platform. In this octafx review, you will get to know some major things about broker so that you can decide whether you should choose the broker or not.

Octafx review

Is a broker a scam?

Registration and authorization

Starting the registration process

Enter all the details

Confirm the account

Fill up the personal information

Selection of the trading platform

Deposit your amount or complete the verification

Octafx trading platform

Demo account

Deposit and commission

Octafx spread

Withdrawal

Contacts

Reviews of traders

Octafx review

Talking about octafx, it came into existence in the year 2011, and it is controlled by octa markets ltd. Registered in the grenadines and saint vincent, it is operated with a license number of 19776 IBC 2011.

Two major online portals that are popular for offering banking and finance news, the forex report magazine, and global banking & finance review have recognized the broker as the “best ECN broker 2017” and “best trading conditions in 2016”. Cysec- cyprus securities and exchange commission regulates the broker.

They are also a good STP- straight through processing ECN broker. That means the broker doesn’t have a dealing desk and give the traders the lowest fees. Exploring more about octafx, they have more than 1.5 forex trading account, and till now they have successfully completed 288m trades.

The platform’s trading options cover all most all the major currency pair, silver as well as gold. The trading platform offers a metatrader 4 trading platform which is available for both desktop and smartphone users. Besides, it also offers ctrader platform.

Speaking about server octafx, the trading servers are located in london. On the other hand, octafx UK limited has a massive number of networks as well as data centres across asia and europe to offer stable connection 24×7.

Is a broker a scam?

Most of the traders have a common question, i.E., whether broker octafx safe or not. During the octafx review, the expert found the broker highly trustable. As discussed above, the broker is regulated by cysec and trade license number is 372/18. They are allowed to do their business across the EU. This also proves that they comply with different factors, such as proper background checks, advertising rules, investor compensation, minimum capital requirements and more.

Moreover, it is also regulated by the FCA- british financial conduct authority. To protect the traders, octafx comes with segregated funds. This enables the traders to keep their funds in the bank account instead of the broker’s trading account. So, octafx is not a scam, and you can trust them for forex trading.

Registration and authorization

Opening an octafx trading account involves an easy process and will take just a few minutes. Here the steps that you need to follow to open an account.

Starting the registration process

Visit the official site of octafx and click on the “open account” option. The option can be found on the top right corner of the home page. Besides, you can start the registration process at any page.

Enter all the details

You will see a pop-up window, and there you will have to give your full name, email ID and password. Always enter accurate information to prevent any issues in the future.

Confirm the account

After that, you need to visit your inbox. There you will find an email from octafx, click on that. Now, you need to click on confirm email address. It will verify the email, and you will move to the next step.

Fill up the personal information

After email verification, now you will have to provide your personal information, like your DOB, contact number, address, country and more. Make sure that you are under the legal age limit for doing forex trading.

Selection of the trading platform

Now you need to select the account type and trading platform. In terms of the account, you can choose damo (demo) or real account. On the other hand, under the trading platform option, you will get three options, such as metatrader 4, metatrader 5 and ctrader.

Deposit your amount or complete the verification

You need to submit all the required document for information verification in order to start using the account. Once done, you can deposit your first amount and start trading.

Octafx trading platform

The broker provides the traders with three types of trading platforms which can be easily accessed through mobile devices, tablets and desktops. The first platform is MT4, and the second one is the ctrader. The last one is the MT5. As per the company, ctrader platform comes with more features than the MT4. All the platforms support 128-bit SSL site protection. They are easy to use, and you will find all the required information on the screen.

Demo account

Like other reputed brokers, octafx also offers a demo account to both new and experienced traders. It calls it octafx unlimited demo account. There is no doubt that the forex market offers a lot of attractive trading opportunities, but it also includes risks. So, before doing real trading, octafx lets its users learn and try out their trading strategies using its demo account. It has all the features that you will get in the real account. Using this account, you can practice octa forex trading through both metatrader 4 and 5.

The thing that makes its demo account different from others is the octafx’s champion demo contest. While practicing their trading, the traders can now earn real money for trading. Every year it organizes damo competition for one month, and the participants can win up to USD 1000. The first, second and third places will get USD 500, USD 300 and USD 100 respectively.

Besides, there is also a ctrader weekly damo contest. The trader can take part in the contest with a ctrader damo account and can win up to USD 4000. It starts on monday and ends on friday. Well, these are some factors that make octafx so popular.

Deposit and commission

As per the octafx review, the broker accepts payments through various international platforms, such as neteller, skrill, bank wire, visa and master card. In indonesia, the broker supports local bank transfers. However, every month the platform adds new deposit methods. You can make your deposit in EUR or USD and USD 5 is the minimum deposit balance.

Speaking about its commission, the broker doesn’t charge any fees and commissions on fund withdrawals or deposits. However, the trading commission on micro and PRO accounts have been added in the octafx spread.

The broker says they charge a round-term trading commission on octafx ecn. On the other hand, a three-day fee will be charged on MT5.

Octafx spread

While trading at octa FX with the leverage, the most crucial element that you need to consider is the octafx spread along with other fees. If you compare, you will find the spreads at octafx is quite low. In fact, the spreads are near zero and low for octafx ecn accounts. There is no re-quotes or slippage. To understand this, let’s have a look at some major spreads.

AUD/CAD- for micro, pro and ecn, the spreads are 2.7, 1.5, and 1.7 respectively.

USD/EUR- for micro it is 0.9, and for pro and ECN it is 0.8.

Withdrawal

The withdrawal process of octafx is also very simple. All you need to just fill up the withdrawal form and submit it. It will take 2 to 3 business days to get processed. There are certain rules that you will have to follow for this. Well, this is very common, and the broker follows international anti-money laundering rules.

Contacts

Whatsapp: +34691370613

Contact number: +622131106972

Address: suite 305, griffith corporate centre, beachmont, kingstown, st. Vincent and the grenadines

Reviews of traders

An excellent broker. What it like the most about the broker octafx is the broker’s fast response to the queries. I have not faced any major issues with octafx until now. Another best thing is the broker offers multiple despite and withdrawals option. My withdrawal application got processed in just two days. They are also good at their commission and spread. However, keep close look when the trading market closed and opens or else the spread can lead to a huge loss. Otherwise, the broker is good and highly recommendable. – habibi osman

My trading experience with octafx became quite productive after a few months of using its demo trading account. Thanks for offering such easy to use a demo account. With time and practice, I have managed to increase my chances of getting successful transactions. Besides, the withdrawal process is fast and secure. My overall experience with octafx is good. – andrew

This is a highly reliable broker, and I have been using the platform for around the last four years. The octafx spread is good, but you need to be very careful while trading. They maintain the swaps and spreads in normal limit even though you have a minimum deposit. I would recommend this broker to others. At the initial stage, you may not get good results, but with the time you will earn a better profit. – francis

Octafx PIN: what is it, and why do I need it?

When opening a trading account, you'll receive your trading account details, including account number, password, investor password and octafx PIN. At times it might be hard to remember everything, but most importantly understand what's all this information. While trading account details are quite self-explanatory, some of you may wonder what your octafx PIN is and why exactly do you need it. Today that's what we will look at, your PIN, what is it and why do you need it.

What is octafx PIN?

Is a four-digit code you use to verify the most important actions on the octafx site, such as withdrawals, internal transfers, and gift delivery.

Where can I find it?

We send you your octafx PIN upon registration, in the welcome email. And if you cannot find it, don't worry, you can restore it anytime.

Why do I need it?

The PIN is one of the safeguards for secure transactions. We will ask you to provide it at the checkout upon requesting a withdrawal. Similarly, you will need to provide it when requesting an internal transfer. Once you receive it, you should take note of it, and keep it somewhere safe. Most importantly, remember not to share it with anyone.

How many PIN codes are there?

While you can have several trading accounts, you will need only one PIN code.

What if I cannot find my PIN code or wish to change it?

It's not a problem like we've mentioned before, you can restore your PIN anytime. That's not all, in case you have troubles remembering your PIN and want to have your combination of four digits you can change it.

As you can see, octafx PIN and its purpose are very straightforward. It's no different than using online banking or withdrawing at the ATM. We hope this helps and don't forget that if you're ever unsure about something or need help, our customer support team is here to assist you. Happy trading!

Octafx complete guide for beginners | forex trading

Octafx is a forex ECN broker offering trade on forex, indices, metals, and cryptocurrencies via cfds, across the metatrader and ctrader suite of trading platforms as well as their own octafx trading app.

OCTAFX IS A GOOD BROKER

As we all know by its name that it is one of those forex brokers that are having stable status in financial markets due to their unmatched service offerings. As for as it is concerned with octafx, they kept it simple for the new arrivals in trading fields. It ensures satisfactory and good results in customer satisfaction services and structure offered by octafx are for both initials and professional traders.

OCTAFX OFFICE IN PAKISTAN

If you need any help related to octafx in pakistan you can contact us:

Phone: +92-3007933076 (amir sohail)

Email address sajaval7272@gmail.Com

Open your real trading account with octafx.Com

There are three methods of deposit and withdrawal in pakistan.

E-currency (if you have ever gone through skill so it is possible to withdraw and deposit your currency). If not so you have to deal with a little bit of difficulty. To use E-currency you have to pass both levels of forex verification.

As before you can easily deposit or withdraw your currency in PAKISTAN via bank but nowadays STATE BANK restricted it due to some reasons so you are not able to withdraw/deposit. If you any ATM card with you along with the bank’s permission so you can go through it.

We have an international team from the USA and UK who can withdraw/deposit, for this, we give account number to the customer in which they can deposit their amount in rupees. After depositing in local bank customer informs us and provides FOREX number and other required details to us, within one hour we deposit your amount to the forex account. As this is through the international bank so there include some extra charges which customer has to pay. This is somehow costly but there is only a legal and secure way. Customers mostly go with the third step.

OCTAFX PROFIT CALCULATOR

It is a simple tool to help forex traders to buy and invest something big. For this you need to select the currency pair and volume you want to trade, the way you want to trade, toggle the open and close both prices to calculate your profit potentials. To get familiar with this app you need to go through it keenly and observe so that you will be able to know the movements of the market and deal with your trading with this handy machine. This calculator shows a breakdown of your net profit, including gross profit, swaps, and trading fees.

OCTAFX DEPOSIT METHODS:

To engage yourself with trading on the forex account you need to deposit. Before deposit, keep in mind that there is no commission on withdrawal or deposit. It also does not limit the number of deposits for twenty four hours. Deposit with local banks is processed within 1-3 hours.

OCTAFX LOCAL DEPOSIT

Deposits of local banks are processed within 1-3 hours, credit/debit card and E-wallet deposits are on time. Minimum deposits for pro accounts on metatrader 5 are $500. Many countries including PAKISTAN, INDONESIA, and MALAYSIA can use local banks for forex trading. Octafx helps a variety of banks for trading purposes.

OCTAFX WITHDRAWAL OPTIONS

For this process, you need to undergo further steps.

Wallet account

Trading account.

Have a look on withdrawing from your wallet-open the app and view the main menu by entering the icon in the right-top of the screen. Then press “withdraw” under your wallet balance.

Another way is by the trading center: select the account from which you want to withdraw money on the screen, and then press withdraws you will be able to see different options mentioned in your area. Select which is perfect for you.

Octafx PIN: what is it, and why do I need it?

What is octafx PIN?

Is a four-digit code you use to verify the most important actions on the octafx site, such as withdrawals, internal transfers, and gift delivery.

Where can I find it?

We send you your octafx PIN upon registration, in the welcome email. And if you cannot find it, don't worry, you can restore it anytime.

Why do I need it?

How many PIN codes are there?

While you can have several trading accounts, you will need only one PIN code.

What if I cannot find my PIN code or wish to change it?

Octafx withdrawal tutorial for new traders

Octafx withdrawal is the process via which you can withdraw the profits you make trading with the broker. Trading forex and cfds can be very profitable. There have been cases where traders have increased their trading accounts by several digits. It all points to the possibilities that reside in forex and cfds trading and general financial trading as a whole.

However, we must point out the fact that forex trading is equally very risky. Just as you can increase your account several times, so also can you deplete it in no time. Many traders have lost the entirety of their capital in short periods. Therefore, when you make profits in the markets, you should be able to withdraw. The withdrawal process for every broker is not the same.

Here, we take you through specific information regarding withdrawing your profits with octafx.

Withdrawal methods with octafx

Octafx has an array of channels through which you can withdraw your profits from your trading account. This wide array of channels gives traders from different parts of the world access to multiple channels. Hence, the fact that some withdrawal channels are available in some countries and not in others will not be a barrier.

The methods through which you can withdraw your profits from your octafx trading account include the following:

Bank cards

One of the most recommended channels through which you can make withdrawals is debit or credit cards – especially those provided by the leading card processor, visa. Withdrawals via the bank card can be pretty quick – and they usually are credited to the bank account linked to your card.

However, we highly recommend that the card you choose must be the one you used when depositing into the account. This is to save you from a lot of complications that may arise from having multiple payment channels. We must note here that the bank card system with octafx is quite limiting. Only visa is available as the payment card on octafx and this is not good enough. Not all brokers have access to visa as a card. There are even equally popular options like mastercard.

Many other online brokers offer multiple payment channels.

Electronic or digital wallets

You can withdraw through popular E-wallets such as skrill, neteller, fasapay, amongst others.

Electronic wallets are quite fast. Within a day or so – or even in the space of a few hours – you get your withdrawal credited to your wallet. From there, you can now withdraw or convert it to cash. The number of digital wallets allowed by octafx is not really diverse enough. There can be more options that they can explore.

Bank transfer

You can also get the money withdrawn directly to your bank account. Many traders in many countries don’t have access to the bank cards and E-wallets that we discussed above. As such, they have to resort to the only option left – bank transfers. This bank transfer system, however, is very slow and can take several days on end before your money eventually gets to you.

In fact, we recommend that you don’t use this unless you have no choice.

Cryptocurrency

This is one of the best things you get from octafx. Many other forex brokers don’t offer you the option to withdraw your funds via crypto. Crypto withdrawals are quite fast. You get your money in minutes.

Octafx withdraw methods

(risk warning: your capital can be at risk)

Steps to withdrawing from your octafx account:

First, you have to login into your trading account. From there, you then select the account you want to withdraw money from on the main screen. Then press withdraw. You will see a full list of payment options available in your region. Pick the one that suits you best and press next.

Important note:

It is very important to note that the channel through which you choose to withdraw must be one that you used in depositing trading capital into the octafx live trading account. In addition, to make withdrawals from your octafx trading account, you must have undergone a verification process to certify that you are the owner of the account. The rules that apply to trading with octafx allow you to deposit into your trading account and make trades from that account without much rigorous verification process.

However, when it is time to withdraw, your profits will not be paid to you if you do not undergo the process and get verified. This is done primarily to protect you and your capital from any potential fraudulent activity.

Octafx verification process

To get verified with octafx you need to present some documents and take some steps. Octafx requires one document proving your identity: passport, national identity card, or any other government-issued photo ID. Your name, date of birth, signature, photograph, ID issue and expiry dates and the serial number must be clearly visible. The ID must not have expired. The entire document must be photographed. Fragmented, edited, or folded documents will not be accepted.

If the issuer country differs from the country of your stay, you’ll also need to provide your residence permit or any local government-issued ID. The documents can be submitted within your personal area – that is, in your dashboard – or to support@octafx.Com.

Proof of address: octafx will also like to know if you actually reside where you claim to reside at. As a show of proof of address, you can use the signed and stamped account statement from your bank.

How long do your withdrawals take

When you request to withdraw your profits from your account, you should have an idea as to when the money will get credited to your withdrawal channel. With octafx, most withdrawals will be completed within 24 working hours. However, things can be faster; that is, you can get your money earlier than 1 business day. The tips listed below should help:

By far, the best way to get faster withdrawals anytime you request is to get the pro account. Octafx offers multiple account types that you can sign up for namely, the micro account, the ECN account, and the pro account.

The pro account offers the most perks. One key perk is that they will be given priority withdrawal. Their withdrawal request can get processed in just a few hours.

However, to enjoy all these benefits, you have to commit at least $500 as your minimum deposit amount for the pro account.

Another tip is making use of an e-wallet like skrill or neteller to make deposits and then withdrawals to your octafx account. These e-wallets work directly with octafx to provide faster transactions. Making your withdrawals via your visa card can also be very fast, although they are not as fast as the E-wallets.

Does octafx charge for withdrawals?

Octafx does not charge any amount for your withdrawals. However, the withdrawal channel (say visa or neteller/skrill/fasapay) may decide to charge some amount for rendering its services to you.

Can bonuses be withdrawn?

Whenever you make deposits into your octafx live account, you are given certain deposit bonuses; these bonuses are meant to give you extra power to make trades. You can withdraw the bonus if you made the requested turnover amount (trading volume).

What are the octafx minimum and maximum withdrawal amount?

Anytime you want to withdraw your profits from octafx, the minimum you can do at a certain time is $20. On the other hand, there is, however, no maximum.

How long does it take to withdraw money from octafx?

Withdrawals are usually processed within 24 hours. The profit can be withdrawn usually by using the same method that was used for depositing.

Conclusion on the octafx withdrawal

As a forex and cfds trader, you have to learn about the different processes on their forex and cfds journey. From how to trade to how to set your account, and more. Thus, you need some guidance. The above is one of those guides on octafx withdrawals.

(risk warning: your capital can be at risk)