Fixed Rupee - OctaFX Exclusive Rates
EUR/USD 
154.540 +0.03%
GBP/USD 
Dedicated FREE FOREX VPS
AUD/USD 
Free FOREX Virtual Private Server
Sign Up for an Account, Claim 60% Deposit Bonus
Free MT4/MT5 VPS 2024
Send E-mail and Get Free Merchandise
IDX 7,087.32 -1.11%
$1K Refer a Friend Bonus for Pepperstone Pro clients
Maximize Your Earnings with 100% Deposit bonus
Bitcoin 63,843.57 +0.52%
Ethereum 3,059.28 -0.22%
Litecoin 80.91 +0.14%
If you are looking for a quick and affordable broker for crypto trading, OctaFX might be the perfect solution for you. Here's how you do it.
Cryptocurrency and its vast world of associated products and services have undoubtedly grown rapidly in the past few years, making it more mainstream than ever. As the market expanded, investors began to show interest in a wide variety of digital assets other than Bitcoin, which is often considered as the "safe bet" for crypto investments. Long story short, cryptocurrency has become a hot topic not only among dedicated investors but popular culture too, thanks to social media and the involvement of influential people like Elon Musk.
For new traders, crypto trading can be a bit overwhelming as there are so many unfamiliar terms and concepts to learn. The best way to start is to choose the right platform to trade, and then you can navigate your way through from there. One of the well-established platforms that provide crypto CFDs is OctaFX. Let's find out what they offer and how to start trading cryptocurrencies in this broker.
Perks of Using OctaFX to Trade Crypto
OctaFX is a widely known brokerage firm that has been around since 2011. As an STP broker, OctaFX does not have an internal dealing desk, so they simply connect buyers and sellers on the market. With this model, the broker aims to provide more cost-effective trading conditions and transparent service for its clients. Although the broker is only regulated in Cyprus, it continues to earn support from traders around the world, with more than 10 million accounts opened and over 1 billion trades executed.
OctaFX mainly facilitates forex trading, but it also offers other trading instruments, including cryptocurrency. Here are some of the benefits of crypto trading at OctaFX:
- Wide choices of cryptocurrencies. There are over 30 digital trading assets that you can choose from, namely Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, and more.
- Quick introduction to the crypto world. Get easy access to crypto markets without having to have an e-wallet or look for a better exchange rate.
- Trade with leverage. Buy/sell cryptocurrency with leverage of up to 1:25 and make bigger bucks from the amplified positions.
- Fast market execution. OctaFX is able to process transactions instantly, making it highly favorable for trading in volatile markets like cryptocurrency.
- Low entrance costs. Clients can start trading BTC with as little as $100.
- Trusted broker. OctaFX is a widely known broker with over 10 years of experience. It has served millions of traders worldwide by providing a safe and reliable trading environment.
For more details, please refer to the table below.
| 🏢Broker Name | OctaFX |
| 📀Available Cryptocurrencies | 30 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, etc. |
| ⚖Maximum Leverage | Up to 1:25 |
| 📍Minimum Position Size | 0.01 lot |
| 💰Minimum Deposit | $100 |
| 💻Trading Platforms | MetaTrader 4 and MetaTrader 5 |
| 💸Commissions | ❌ |
| 💳Deposit and Withdrawal Fees | ❌ |
| ♻️Negative Balance Protection | ✅ |
How to Trade Crypto on OctaFX
Once you understand the trading conditions offered by OctaFX, you can begin your trading journey by following this guide step-by-step:
1. Make a new profile. Head over to the broker's sign-up page. Fill in your personal information and confirm your email to start trading. Keep in mind that in some cases, you may also need to complete the verification process.
2. Select the appropriate platform. Choose whether you want to trade with MetaTrader 4 or MetaTrader 5. The former is known as the standard platform for pure forex trading, while the latter is more suitable for trading various markets. Make sure to do your research before making a decision.
3. Fund your account. Once you confirm your email and identity, you can make your first deposit. Simply choose the deposit method that you like and input the amount. Note that the broker offers a 50% bonus deposit for all clients.
4. Download the platform. Download the appropriate MetaTrader platform either for desktop or mobile, then sign in by using your trading account number, which you would have acquired from the previous steps.
5. Add the desired crypto to the Asset Lists. For the desktop version, you should simply right-click on the market watch and "Show All". For mobile users, press the "+" button and the assets that you'd like to trade.
Final Thoughts
Overall, buying and selling crypto on OctaFX is very easy and affordable, which makes it highly suitable for beginners. You can choose from various digital assets ranging from Bitcoin to Ripple, and trade with globally-known trading platforms like MetaTrader 4. As for security, OctaFX offers negative balance protection and keeps clients' funds in a segregated account.
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).
11 Comments
Lydia
Apr 8 2023
The author has recommended using MetaTrader 5 for crypto trading, as MetaTrader 4 is designed mainly for forex trading. As a newbie, I'm having difficulty understanding the differences between the two platforms. I've tried both and find MT4's chart graphics more readable than MT5's black and green chart with black background. However, since I'm a beginner, it's recommended to use MT4 for trading and as I said before, more simple and readable chart as well.
If I want to trade crypto on MT4, is it possible?
Alex
Apr 8 2023
In terms of doing crypto trading on MT4, unfortunately, it's possible but limited assets that you can choose. As the author pointed out, MT4 is primarily designed for forex trading, and while it's possible to trade other assets like commodities and indices, it doesn't support crypto trading.
On the other hand, MT5 has been designed to support a wider range of financial instruments, including cryptocurrencies. It also has a more advanced charting package, which makes it more suitable for traders who want to analyze price movements in more detail.
However, as a beginner, it's understandable that you may prefer the simpler and more user-friendly interface of MT4. In this case, if you're interested in trading cryptocurrencies, you may want to consider switching to MT5, which offers the added benefit of being able to trade crypto.
Jourdy
Apr 9 2023
It is limited but most of the limited crypto that you can choose to trade are more familiar. And OctaFX actually offers a wide range of crypto assets that you can trade on their MT4 platform. Some of the popular crypto assets include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Bitcoin Cash (BCH).
So if you're interested in trading any of these crypto assets, you can definitely do it on OctaFX's MT4 platform. The platform is user-friendly and easy to navigate, and you can access all the necessary tools and features to trade successfully especially for beginner who want to trade with simpler platform!
Sancho
Apr 9 2023
Hey there, I have a few questions about crypto trading at OctaFX. Firstly, why is the leverage for crypto trading only up to 1:25 while forex can go up to 1:500? I don't get it.
Secondly, I read the author's statement that crypto trading has an unfamiliar and different concept. Does that mean my forex trading strategy won't work for crypto?
And lastly, I'm curious to know which crypto is the most liquid and volatile. Which one can give me more profit and risk at the same time? Thanks a lot!
Tio William
Apr 10 2023
I can help answer your questions.
I hope this helps!
Galaxy
Jun 9 2023
Actually, I'm still new to the world of trading, and yes, I rarely hear about brokers that provide trading instruments and platforms. You must have known FBS and Exness which always appear in several advertisements on social media. As for the OctaFx broker, I have never heard of this broker to be honest. I'm interested in this broker but maybe prefer to trade with a demo account to hone my trading skills. The broker offers support for MT4 and its easy-to-use proprietary platform, OctaFx Terminal, available as a desktop and mobile application.
But I can't say for sure whether this broker is good and safe. In this article, it is simply explained that OctaFx is subject to regulation in a number of different countries. I ask friends for clarification, is the OctaFx broker safe for my trades and funds? Is my personal data also safe here? If anyone knows, could you please explain...
Marcail
Jun 10 2023
Hey, I totally get it. It is always important to do your research and make sure you are comfortable with a broker before jumping into trading with them. As for OtaFX, even though it may be new to you, it has actually earned quite a reputation in the industry since its inception in 2011.
As I know, the broker is known for its strong presence in the trading platform and instrument colors, especially in the Crypto trading realm. It has managed to attract traders with its offers and has become a leading broker in a relatively short period of time.
OctaFX established its legal entity in Cyprus and each gets a license from the local CySEC, which also applies regulations according to European ESMA standards. Under the European CySEC license, the broker also operates global offerings from international entities.
A range of regulatory requirements allow protection for clients and under European regulations this includes – segregation of funds, and the implementation of negative balance protection while the broker is continuously monitored by the authorities for compliance with its security. In addition, there is trader account security implemented by the Investor Protection and Compensation Scheme in case the broker goes bankrupt.
Gavriil
Jun 11 2023
OctaFX is regulated by the Cyprus Securities and Exchange Commission (CySEC) and registered with the Financial Services Authority of St Vincent and the Grenadines (SVG FSA). The company was regulated by the FCA (UK Financial Conduct Authority) from 2015 to 2017 , but decided not to renew its license after the Brexit referendum and chose to maintain its focus on the EU market.
In accordance with international regulatory standards OctaFX uses segregated accounts to keep clients' funds protected, segregated from the company's balance sheet. This keeps your funds safe and untouched.
The Personal Area is SSL protected with 128-bit encryption, which makes your browsing safe and your data inaccessible to third parties.
OctaFX recommends you to verify your account by sending a scan of your personal ID and proof of address. This simple step will ensure your transaction is legal and guaranteed.
Withdrawal of funds from your real account requires email confirmation, so no one but yourself can access your account. It is also required that you use the same payment details for deposits and withdrawals. Read : OctaFX Deposit and Withdrawal: All You Need to Know
Fairuz
Jun 15 2023
OctaFX is a pretty good all-purpose broker, but it definitely has some problems. The first is the lack of proper regulation and for many traders this is the main reason behind their decision not to use this broker. Second, OctaFX has a very limited number of tradable assets and does not offer stock CFDs at all.
OctaFX, on the other hand, is better or better in many ways. OctaFX trading fees are among the lowest in the industry. Their intuitive and up-to-date copy trading platform won the Best Copy Trading Award 2021. This broker has an excellent analytics section, a well-designed education section for beginners, the best trading tools, and various attractive bonus options for Indonesian traders. In addition, customer support is available 24/7. This is not uncommon in an industry where 24-hour service is the norm.
Oliver
Jun 17 2023
I studied trading in college but never tried to use it because I didn't really believe in it. Well, this is my first time venturing into the world of trading. And yes, after reading this article I am even more convinced to jump into trading. And made Octa FX my first account in forex trading. However, this article does not explain how to register an account at Okta FX As far as I register for an account at a broker, there are account verification stages. How to register an account at Octa FX and verify it? Usually how long does the process take?
Dorothy
Jun 18 2023
The account opening process at OctaFX is simple and fully digital, and the account is ready for trading in no time. Account verification is only required for withdrawals. New traders should click on the "Open an account" button at the top of the page, after which they will be asked to create an account.
It is recommended to view the OctaFX Risk Agreement Statement, Client, Terms, and Conditions before starting trading.
To get more knowledge about OctaFX accounts, you have to read Which Account Type is Best in OctaFX?