How to Open Account and Withdraw Money at OctaFX
How to Open Account at OctaFX
How to Open a Trading Account
To open a trading account, please, follow the step-by-step instruction:
1. Press the Open Account button.
The Open Account button is located at the top right corner of the webpage. If youre having trouble locating it, you can access the registration form using the signup page link.
2. Fill in your details.
After pressing the Open Account button, youll come across a registration form asking you to fill in your details. After filling in your details, press the Open Account button below the form. If youve selected to sign up with Facebook or Google, fill in the missing information and press continue.
3. Verify your email address.
After providing your details and submitting the form, youll be sent a confirmation email. After locating and opening the email, press Confirm.
4. Fill in your personal details.
Following confirming your email, youll be redirected to our website to fill in your personal details. The information provided must be accurate, relevant, up-to-date, and subject to KYC standards and verification. Please notice that you need to be of a legal age to trade Forex.
5. Select a trading platform.
Next, youll need to choose which trading platform you want to use. Be prompted to select between either a real or a demo account.
To understand which account is best for you, you should check our detailed comparison of Forex accounts and their types and compare trading platform features from OctaFX. Most clients typically choose the MT4 platform.
Once youve selected your desired platform, youll need to choose whether you want to open a real or a free demo account. A real account uses real money, while a demo account allows you to use virtual currency with no risks.
While you cannot withdraw funds from the demo account, you will be able to practice strategies and become acquainted with the platform without a hassle.
6. Complete account choice.
- After choosing a platform, press Continue to finalize your account creation.
- You will see a summary of your account, including:
- Account number
- Account type (demo or real)
- Currency of your account (EUR or USD)
- Leverage (you can always change it in your account later)
- Current balance
7. Make your first deposit and submit a verification document for withdrawal.
You can then make your first deposit, or you can first complete the verification process.
Please, notice that according to our AML and KYC policies, our clients must verify their accounts by providing the 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 a trading account and ensures no unauthorized access.
Following the steps above allows you to create a trading account on OctaFX. To start trading, you need to initiate the deposit process.
Read how to deposit at OctaFX.
Before opening an account, it’s important to familiarise yourself with this information:
- Please, read the customer agreement thoroughly before you open an account.
- Forex margin trading involves substantial risks. Before entering the Forex market, you need to be aware of the risks involved.
- AML and KYC policies are in place to protect accounts from unauthorized access. To secure transactions, we require documents verification.
How to Open with a Facebook accountAlso, you have an option to open your account through web by Facebook and you can do that in just few simple steps:
1. Click on Facebook button
2. Facebook login window will be opened, where you will need to enter your email address that you used to register in Facebook
3. Enter the password from your Facebook account
4. Click on “Log In”
Once you’ve clicked on the “Log in” button, OctaFX is requesting access to: Your name and profile picture and email address. Click Continue...
After That You will be automatically redirected to the OctaFX platform.
1. To sign up with a Google+ account, click on the corresponding button in the registration form.
How to Open with a Google+ account
2. In the new window that opens, enter your phone number or email and click “Next”.
3. Then enter the password for your Google account and click “Next”.
After that, follow the instructions sent from the service to your email address.
OctaFX Android App
If you have an Android mobile device you will need to download the official OctaFX mobile app from Google Play or here. Simply search for “OctaFX – Mobile Trading” app and download it on your device.
The mobile version of the trading platform is exactly the same as web version of it. Consequently, there won’t be any problems with trading and transferring funds. Moreover, OctaFX trading app for Android is considered to be the best app for online trading. Thus, it has a high rating in the store.
FAQ of Account Opening
I already have an account with OctaFX. How do I open a new trading account?
- Sign in to your Personal Area with your registration email address and Personal Area password.
- Click Create account button on the right of My accounts section or click Trading Accounts, and select Open real Account or Open demo account.
It depends on the preferred trading platform and the trading instruments youd like to trade. You can compare account types here. If you need to, you can open a new account later.
What type of account should I choose?
You can select 1:1, 1:5, 1:15, 1:25, 1:30, 1:50, 1:100, 1:200 or 1:500 leverage on MT4, cTrader or MT5. Leverage is virtual credit given to the client by the company, and it modifies your margin requirements, i.e. the higher the ratio, the lower the margin you need to open an order. To choose the right leverage for your account you can use our Forex calculator. Leverage can be changed later in your Personal Area.
What leverage should I select?
How to Withdraw Money at OctaFX
How to Withdraw Money from Your Trading Account or Wallet
Important: by the law, you can only withdraw money after verifying your profile—this is required by law.
Log in to your Personal Area on our site.
Further actions depend on whether you want to withdraw money from your Wallet or your trading account.
From your Wallet
View the main menu by pressing the icon in the top-right corner of the screen. Then press Withdraw under your Wallet balance.
From your Trading account
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.
We usually process withdrawal requests for 1–3 hours, but it’s up to your payment system how long it will take the money to reach the destination.
Limits for withdrawals:
- Skrill, Perfect Money, Neteller—from 5 USD (5 EUR), without the maximum limit
- Bitcoin—from 0.00096 BTC, without the maximum limit
- Mastercard—from 50 USD (50 EUR) or the equivalent in other currency
- Visa—from 20 USD (20 EUR) or the equivalent in other currency
- Banks may apply their own limits
Then enter the details required for the selected payment method and press Request. Make sure you specify correct currency.
On the last step, you can double check that you’ve entered all details correctly. Check them thoroughly and confirm that everything is okay by pressing Submit again.
That done, wait for a notice from us—we’ll let you know that the money is sent to you via email and in a notification in your Personal Area.
OctaFX withdrawal FAQ
Do you charge any fees for deposits and withdrawals?
OctaFX does not charge its clients any fees. Moreover, deposit and withdrawal fees applied by third parties (e.g. Skrill, Neteller, etc) are also covered by OctaFX. However please be aware that some fees can may be applied in certain cases.
What is the maximum amount for withdrawals?
OctaFX does not limit the amount you can withdraw or deposit into your account. The deposit amount is unlimited, and the withdrawal amount should not exceed free margin.
Can I deposit/withdraw several times a day?
OctaFX does not limit the number of deposits and withdrawal requests per day. However, it is advised to deposit and withdraw all of the funds in one request to avoid unnecessary delays in processing.
Can I submit a withdrawal request if I have open orders/positions?
You can submit a withdrawal request if you have open orders/positions. Please note that free margin has to exceed the amount you requested, otherwise the request will be rejected. The withdrawal request won’t be processed if you have insufficient funds.
Where can I review my deposit/withdrawal history?
You can find all previous deposits in your Personal Area. Click Deposits history under "Deposit my account" section. Withdrawal history is available in your Personal Area under the "Withdraw" option on the right.