OctaFX has 3 different account types, each of which brings various features to the trader。Learn how to select and open a CFD to start trading。

CFDs are one of the most popular assets in the trading world。With this guide, we will show you how to use the popular trading platformCreate a CFD trading account on OctaFX。

What isOctaFX

OctaFX was founded in 2011 and since then, the company has offered a wide variety of trading platforms for Forex and CFDs products at the most affordable prices in the industry.。Because they are ECN brokers, they are able to provide better trading conditions, which may be crucial for those who engage in day trading and use brush strategies。I really appreciate the way they do business。Brokers provide many useful trading tools, guidance materials and a responsive customer support team, they can help you whenever and wherever you need it。

OctaFXAccount Type

OctaFX offers many different types of trading accounts to its clients。Each of these accounts is eligible to trade CFDs。The following accounts are provided by OctaFX:

Small Account

OctaFX recommends this special MT4 account to initial traders with limited initial funds interested in Forex trading。The minimum deposit requirement for this account is one hundred dollars.。You can trade currency pairs, precious metals like gold and silver, indices and cryptocurrencies。Because I think the spread on this account is quite large, swiping may not be the best strategy。On the other hand, it may help foster a sense of trading in the real world。

Professional Account

OctaFX recommends that experienced traders sign up for this particular MT5 account as it offers the most competitive spreads and the lowest overall trading fees.。The spread is variable, with 0.Incremental start of 2 points; no commission in price, minimum deposit of $500。You will be able to trade currency pairs, metals, energy, indices and cryptocurrencies on this platform。This account has a better spread, which is especially beneficial because there is no commission。

ECNAccount

这个The cTrader account is an account recommended by OctaFX for senior traders who need more pricing transparency.。The point difference is variable, starting only from point 0。Price without commission, minimum deposit of $100。You will be able to exchange currency pairs as well as gold and silver。The spread of this account is the narrowest I have ever seen, but it is only accessible through cTrader。

Opening Contracts for DifferenceOctaFX Account

You must undergo a background check in order toOctaFX Creating a Trading Account。This is done for safety reasons to ensure that you are legally allowed to trade in the country where you live。In addition to this, OctaFX will ask you for proof of identity。This is to ensure that you have reached the minimum age required to trade in the country where you live。In order for them to verify your country of residence, they want you to provide proof of residence in the form of a utility bill in your name。This is to ensure that your financial situation can truly afford to invest in volatile markets.。

To start atOctaFXOpenCFDaccount, you can follow these steps:

Please visit the official website。

PressOpen Account button and fill out the form。

Verify your email address。

Follow the instructions to fill in your personal details。

Select the trading platform you want; it can beMT4, MT5, or cTrader。

Click"Continue" to complete the process and you will receive a summary of your account details。

After making sure you write down all the details, you can make your first deposit。

In order to complete the process and avoid any problems, you can submit verification documents from the personal area。

OctaFX is an international forex broker operating globally。The domain belongs to a group of companies called Octa Markets Incorporated, which is registered with the Saint Vincent and the Grenadines Financial Services Authority.。Currently, the company focuses on the Asian, South African and Australian markets.。OctaFX.com does not accept European customers because the market is specifically designated to OctaFX.eu (regulated by CySEC)。