Depositing and withdrawing money in OctaFX is actually quite simple, but there are a few things you should consider in advance。

OctaFX has been providing brokerage services to traders around the world since 2011.。The broker offers forex and CFDs trading in a variety of instruments including indices, metals and cryptocurrencies on the popular MT4 and MT5 platforms。Most importantly, OctaFX supports trading with affordable capital and the lowest spreads in the industry.。

In order to start trading with OctaFX, a deposit is required and the account is recapitalized, which you can then cash out at any time by withdrawing money。This article will discuss anything you need to know about OctaFX deposits and withdrawals。

Available payment methods

At OctaFX, you can deposit or withdraw funds using the following methods:

• Bank transfer
  Debit / Credit Card (Visa or Mastercard)
• Perfect Money
• Skrill
• Neteller
• Cryptocurrencies (Bitcoin, Tether TRC-20, Tether ERC-20, Dogecoin, Litecoin)

Please note that some payment methods may not be available in some countries, so please check if they are available first。In addition to this, each method has a different minimum deposit amount and processing time。For example, e-wallets, cryptocurrencies and credit cards can be processed immediately, while bank wire transfers can take longer depending on the bank used。

Available Base Currency

There is a difference between the base currency, which refers to the base currency of the trading account, and the deposit currency, which is the currency that can be used to deposit money through various payment methods.。If you make a deposit in a currency different from the base currency, an exchange fee will be charged based on the currency exchange rate at that time。

In OctaFX, you can only select USD and EUR。Although the options are quite limited, the US dollar accounts for 80% of daily forex trading volume and most traders prefer the US dollar as their account base currency.。

As for the deposit itself, OctaFX allows customers to deposit into a USD or EUR account in any currency, converted to USD or EUR at the best market exchange rate at the time.。

OctaFX Deposit

Before making a deposit in OctaFX, you need to consider the following things:

• OctaFX does not charge commissions or any hidden deposit fees and also covers fees charged by third parties such as Skrill, Neteller。However, some service providers charge operating costs, so be sure to learn more about this and check with the bank or company of your choice。
  Technically, all deposits are instant, but other methods can take up to 3 hours。
  The minimum deposit amount depends on the payment method you choose, there is no maximum。
  You can deposit at any time, but it is highly recommended to deposit immediately instead of separately。
  Deposits on regular working days (Monday to Friday) will be processed within 1-3 hours, but in some special cases, it may take up to one working day。Meanwhile, weekend deposits will be processed next Monday morning。

OctaFX Deposit Steps

1.Visit the OctaFX website or app and log in to the Personal Zone, if you are a new user, please open a new real trading account first。

2.After logging in, click "Deposit"。

3.Select Preferred Payment Method。

4.Select amount to deposit to OctaFX account。Click Continue to continue to the next step。

You will jump to the online payment page, follow the on-screen instructions and confirm the transaction。

5.Last step, notify the broker that you have transferred funds。You will be taken to a new page to complete a form in which you will provide transaction details including the actual transfer amount, bank account and transaction date。For your convenience, you can also upload a screenshot or photo of the proof of transaction and click "Confirm Request"。

6.Everything is ready! Now just wait for the funds to be reflected in the account。

OctaFX Withdrawal

It is relatively easy to withdraw money from OctaFX, but there are some things you must understand, such as:

• Account needs to be fully validated before withdrawal requests can be made。Be sure to complete the KYC procedure and provide the required documents in the personal area before making a withdrawal。
  Processing withdrawals usually takes about 1-3 hours, but in some cases it may take up to 3 working days。
  There is no ceiling on withdrawals, but the amount must be less than the available margin。
  You can withdraw money if you still have open trades or positions, but you need to ensure that there is sufficient margin in the balance。
  It is strongly recommended that you use the same withdrawal method as the deposit method. If this is not feasible, please contact customer support。
  If the withdrawal status is "pending," it means that it is currently being processed. Please check your withdrawal status from time to time to keep abreast of the latest situation。
  If the withdrawal request is rejected, there may be two problems: you may have entered the wrong data or your available margin is insufficient。The broker will send you an email about the matter and the solution so that you can immediately resolve the issue and resubmit the request。
  Withdrawal requests can be cancelled on the Withdrawal History page。

OctaFX withdrawal steps

1.Go to the OctaFX website or app and log in to the Personal Zone。Open the menu in the upper right corner and click "Withdrawal"。

2.Select a trading account and click "Withdrawal"。

3.You will see the full list of available payment methods。Select the one you like and click Next。

4.Enter the amount you want to withdraw, the minimum withdrawal amount depends on the method you choose。Enter OctaFX PIN and click "Request" when finished。

5.Provide details required for payment methods。Then, check again and confirm the transaction by clicking the "Submit" button。

6.The withdrawal status is now Pending, which means that the broker is processing the withdrawal。Once the process is complete, you will receive a notification in the Personal Area along with a confirmation email。

Conclusion

Overall, OctaFX is an excellent broker with many advantages。Not only does OctaFX offer low spreads and good trading conditions, it also supports easy deposits and withdrawals, and you can choose from a variety of financing options, including local banks and e-wallets for instant transactions.。On top of that, the processing time of OctaFX is very fast and the trader provides the broker with proof of deposit thanks to the "post-transfer notification" system.。This allows OctaFX to deposit funds into an account before receiving them, which typically takes several days to complete.。

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OctaFX is an international Forex broker operating worldwide and is part of the Octa Markets Incorporated Group, which is registered with the Saint Vincent and the Grenadines FSA。Currently, the company focuses on the Asian, South African and Australian markets.。OctaFX.com does not accept European customers because the market is dedicated to OctaFX.eu (regulated by CySEC) designated。