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With this program, you could boost your deposit in OctaFX by half! Read further to find out how OctaFX 50% deposit bonus works.
Forex brokers use all kinds of means to attract clients, such as favorable trading conditions, exclusive benefits, special prizes, and bonus programs. But among these offerings, deposit bonus remains one of the most popular in the market. This is mainly because it benefits both the client and the broker. On one hand, clients can enjoy special benefits offered in the deal, while brokers can increase their revenue by gaining new customers.
Today, we're going to highlight the deposit bonus offered by OctaFX, one of the top multi-asset brokers in the industry. The company has been in business since 2011 and is fully regulated by CySEC. It is known to be a beginner-friendly broker that offers a handful of benefits, including low spreads, copy trading, and reliable trading platforms.
OctaFX 50% Bonus, How Does It Work?
OctaFX offers their clients a 50% deposit bonus on each deposit made in the client's account. So, if you deposit $200, you'll get a $100 bonus transferred to your live account. To participate in this special offer, you simply need to register with OctaFX and fund your trading account. The bonus will be paid out automatically into your account once it's activated.
The broker has special conditions for using this bonus. First of all, the bonus will be awarded as a part of your account's equity and free margin, so it can be used to trade and allows you to open higher-volume positions. However, please note that you'll need to maintain your equity above the bonus amount, otherwise it might be canceled.
Where to Find the Information on the Official Broker Site?
- This information is reported per Mar 29 2023.
- We can not ensure if this offering is still available or remain the same in future.
- The broker announcement page may or may not exist anymore, You may explore homepage and try to find "Promotion" section on the menu, footer, etc, to ensure the availability and validity of this promotion.
Is The Bonus Withdrawable?
The bonus can be withdrawn, but only after you trade and meet the volume requirement as calculated below:
Standard Lot Number = Bonus Amount (in USD) / 2
If you deposit $600, you are entitled to receive a $300 bonus. Simply divide the bonus amount by half to get the number of lots you'll need to trade. Therefore, the volume requirement to withdraw your bonus is 300/2 = 150 lots.
Note that Gold and Platinum status clients may need to trade fewer lots to be able to withdraw the bonus. You can check the completion progress and the remaining volume that you need in your Profile on the Deposit Bonuses page.
Steps to Get the Bonus
- Register and create a live trading account with OctaFX. Choose an account type that suits your needs and trading style.
- Make a deposit of at least $50 or equivalent into your account using any payment method that you prefer.
- Activate your free deposit bonus and enjoy the benefit of increasing your deposit by half. You can either activate it manually in your Profile after making a deposit or click the "Apply further bonuses automatically" option in Settings.
- Complete the trading volume requirement to withdraw the bonus amount as per the broker's policy. Special conditions are given to clients with higher user statuses.
You can activate the bonus at any time you want. It's more recommended to do it manually as you get to decide which bonus offer you'd like to apply. Keep in mind that you need to have a sufficient amount of funds to sustain the bonus, so make sure to choose a program that you can afford. In addition, if you cancel the program, the entire bonus amount will be automatically deducted from your trading account.
The Bottom Line
OctaFX is a trusted broker with clients from all around the world. OctaFX deposit bonus allows you to increase your free margin and open higher-position sizes of up to 750 times greater than your initial investment. All you need to do is fund your account in a certain amount and keep trading to be able to cash out the money. Stay tuned on the broker's offers as well because on some special occasions like events, the broker may amplify the bonus deal and allows you to increase your potential profit by up to 2,000 times.
Where to Find the Information on the Official Broker Site?
- This information is reported per Apr 25 2024.
- We can not ensure if this offering is still available or remain the same in future.
- The broker announcement page may or may not exist anymore, You may explore homepage and try to find "Promotion" section on the menu, footer, etc, to ensure the availability and validity of this promotion.
Just keep in mind to only apply for a bonus program that you can afford. While the deposit amount needed in this bonus program is relatively low, the trading volume required to withdraw the bonus is not exactly easy to fulfill, particularly for small traders and beginners. Therefore, this should be a part of your consideration as well before registering.
OctaFX is an international Forex broker that operates worldwide. The domain belongs to a group of companies called Octa Markets Incorporated which is registered with St. Vincent and Grenadines FSA. Currently, the company focuses on Asian, South African, and Australian markets. OctaFX.com does not accept European clients as this market is specifically appointed to OctaFX.eu (regulated by CySEC).
17 Comments
Rosaline
Mar 29 2023
Hey, this program sounds incredible but I'm still pretty skeptical about it. The thing is that in the past, I've had several issues with bonus programs. First of all, I couldn't withdraw the bonus even though I've fulfilled all of the requirements. Then at one point, my accumulated bonus was cancelled and I still don't know why the broker did that to this day. I decided to stop trading with that broker and now I'm looking for a new broker to trade. Is there a possibility that the same thing might happen in OctaFX?
Lily M.
Mar 30 2023
Hi there, Rosaline. I'm sorry to hear that you had to experience that. Have you tried contacting the broker's customer support to find out why they cancelled the bonus?
Anyway, in OctaFX, there are several things that may cause the cancellation of your bonus, namely:
If you have any further questions, I suggest you reach out to the broker's customer service. OctaFX is known to offer excellent support, so you don't need to worry about not getting an answer or anything. Hope it helps!
Kenny K.
Mar 29 2023
It's mentioned in this article that clients with higher statutes may need less standard lots to withdraw the funds. What does that mean? Is it like some sort of a loyalty program offered by OctaFX? I wonder if it's designed specifically for big traders or professionals only, because that's usually the case when it comes to loyalty programs. Either way, I'm interested in participating if the requirements are affordable enough for me.
Olivia
Mar 30 2023
Yes, you are correct. OctaFX does have a loyalty program that consists of four different tiers based on your balance: Bronze, Silver, Gold, and Platinum. Clients on the top two tiers (Gold and Platinum) will get special terms for completing deposit bonuses, among other things.
For Gold status clients, the number of lots needed to claim the bonus is the bonus amount divided by 2.5 (normally it's divided by 2). Meanwhile, for Platinum members, the number of lots needed to claim the bonus is the bonus amount divided by 3.
So, if you're a Gold member and you have $100 deposit bonus, then you should only trade 100/2.5 = 25 standard lots. Here's more info: FBS Loyalty Program: What Trading Privileges Can You Get?
Kenny K.
Mar 30 2023
Oh, I see... How much balance do I need to become a Gold/Platinum member? Thanks for your explanation by the way!
Olivia
Mar 31 2023
You need to have at least $2,500 in your balance to be a Gold member and $10,000 to be a Platinum member. The status will be updated automatically if your balance reaches the threshold. This means, you can be easily upgraded or downgraded depending on your final balance after withdrawal, internal transfer, or trading activity.
Samuel
Mar 29 2023
Before diving into the bonuses OctaFX has to offer. And to be honest, all of them are very interesting especially the 50 position bonus on this broker. And as I wrote before, forget about this bonus first. As a smart trader, we need to know the regulations first.
As far as I know, OctaFX is only regulated by the FSA, if I'm not mistaken. And it's a foreign regulator, and sorry to say, it's not safe at all because a lot of fraud happens in this foreign regulator. However, Octa FX has proven to be an honest broker over the years. And now, as the article announced, they are now regulated in Europe by CySEC. It is also an offshore regulator, can it be considered a safe regulator? THANK!
Leon
Mar 29 2023
Let me explain, CySEC (Cyprus Securities and Exchange Commission) is the financial regulatory agency of Cyprus. It is responsible for overseeing and regulating the financial markets in Cyprus, including investment firms, trading platforms, and other financial institutions. While CySEC is an offshore regulator, it is still a recognized regulatory authority within the European Union and is authorized to regulate financial activities in its jurisdiction.
As a regulatory agency, CySEC has a mandate to protect investors and ensure the integrity of the financial markets in Cyprus. It sets rules and regulations for financial institutions operating in its jurisdiction and enforces compliance with those rules. While no regulatory agency can guarantee complete safety in financial transactions, CySEC's oversight can provide a certain level of assurance that the financial firms operating under its supervision are adhering to established standards.
Overall, CySEC is safer and more strict than other offshore regulatory.
Samuel
Mar 29 2023
Thanks for the explanation. Since the CySEC regulation is stricter as you said and also in the European region the regulation seems to be stricter so it seems like OctaFX can be classified as a safe broker. And it's time to think about the bonus, how can I get the welcome bonus and what conditions do I have to meet, all content must be thoroughly researched to avoid becoming a disqualified trader from the bonus. And I need to try the trading at the demo account first to avoid the loss of the trading.
By the way, again, thanks for the explanation.
Marcus
Mar 29 2023
If you read the technical terms that appear in the OctaFX 50% welcome bonus. Looks like they are borrowing their money to help you trade more. I think it's more like leverage, but in the form of an addition to your capital. you can withdraw but the bonus will be cut off and your funds must be maintained at the level you first deposited. For example, when you deposit $100, you must maintain your $100 so that the bonus does not change in your capital. Although it looks like borrowed money, I think it is normal because brokers don't want you to waste their money. So instead of giving you a free bonus, they turn it into bonus with conditions. By the way, take a look at the different accounts I can open, which OctaFX account might be suitable for a beginner?
William
Mar 29 2023
As for which account is best for beginners, I suggest looking into the Micro account at OctaFX. It's designed for beginners and has lower minimum deposit requirements, which means you can start trading with a smaller amount of money. That way, you can get used to the trading platform and start learning about how trading works without risking too much of your own money.
With the Micro account, the minimum deposit amount is only $5, (but in order to get the bonuses, you need to deposit $50) which makes it a great option for those who want to start with a small investment. The account also offers a maximum leverage of 1:500, which means that you can control a larger position size with a smaller amount of money.
In addition, the Micro account at OctaFX offers a fixed spread, which means that the difference between the bid and ask price is always the same, regardless of market conditions. This can help you better manage your risk and plan your trades more effectively.
Leon
Apr 2 2023
What is the minimum age requirement to participate in OctaFX's 50% deposit bonus offer? I'm interested in taking advantage of this promotion, which grants a bonus based on the amount deposited into my trading account. However, before proceeding, I'd like to know if there are any age restrictions in place. Can individuals of all ages register with OctaFX and benefit from this deposit bonus? Additionally, I noticed that there are specific conditions attached to the bonus, such as maintaining equity above the bonus amount to prevent cancellation. Could you provide further details on these conditions and any other requirements that I should be aware of before participating in this offer?
Andrew
Jun 26 2023
@Leon: Hey there! When it comes to OctaFX's 50% deposit bonus offer, there isn't specific information available regarding age requirements in the provided context. However, it's important to note that in most financial and trading platforms, individuals need to be of legal age, typically 18 years or older, to register and participate in such promotions. To get accurate information about the minimum age requirement for OctaFX's deposit bonus offer, I recommend checking their official website or contacting their customer support.
Regarding the bonus conditions, one important requirement is maintaining equity above the bonus amount to prevent cancellation. This means that you need to ensure that your account balance doesn't fall below the bonus amount, as that may lead to the bonus being cancelled or removed. Additionally, there might be specific trading volume requirements or time limitations associated with the bonus offer. It's crucial to carefully review the terms and conditions provided by OctaFX for this promotion to understand all the requirements and ensure compliance.
OGB
Jan 11 2024
@Andrew:
Thanks for the explanation.
I want to find out, arr the profits made from trading when bonus is active withdrawable
Bille
Jun 7 2023
When it comes to the pro account and the bonus offered, it seems that the volume requirement to withdraw the bonus is determined by dividing the bonus amount by half. For example, if I deposit $600 and receive a $300 bonus, I would need to trade 150 lots to meet the volume requirement. However, I noticed that Gold and Platinum status clients may have to trade fewer lots to withdraw the bonus. Is there an easier or more streamlined way for clients to fulfill the volume requirement and withdraw the bonus? Are there any specific strategies or tips you can provide to help make the process more efficient? I'm interested in exploring the bonus opportunity, and any insights you can share would be greatly appreciated. Thank you!
Justin
Jun 13 2023
@Bille: Hey there! I think there are a few strategies and tips that can help make the process more efficient. Firstly, consider implementing a trading strategy that focuses on higher-volume trades. This means targeting assets or currency pairs that typically have larger trade sizes, allowing you to accumulate trading volume more quickly. Additionally, you can explore shorter-term trading techniques, such as scalping or day trading, which involve more frequent trades and can help you reach the required volume faster. It's also important to manage your risk effectively and avoid overtrading, as this can lead to unnecessary losses. By planning your trades carefully and identifying high-probability setups, you can optimize your trading activity and potentially expedite the volume requirement. Finally, keep track of your progress towards the volume requirement and regularly review your trading activity to ensure you're on track. This way, you can make any necessary adjustments or adaptations to your trading approach. Remember to always prioritize disciplined trading and adhere to your trading plan. With these strategies and tips, you can navigate the volume requirement more efficiently and work towards withdrawing the bonus successfully. Good luck with your trading journey!
Jackie
Jul 6 2023
Do regulatory bodies, such as CySEC, actively monitor and oversee the deposit bonus campaigns offered by forex brokers like OctaFX, considering their popularity in the market and the potential benefits they provide to both clients and brokers? Given OctaFX's reputation as a beginner-friendly broker offering various advantages like low spreads, copy trading, and reliable trading platforms, is there any specific regulatory scrutiny or guidelines in place to ensure transparency, fairness, and the protection of client interests when it comes to bonus programs? Understanding the regulatory framework surrounding deposit bonus campaigns can provide valuable insights into the credibility and reliability of brokers, ultimately helping traders make more informed decisions.