Who is OctaFX?
OctaFX is an online Forex and CFD broker in BVI.
The broker is registered as IBC (International Business Company).
OctaFX uses separate accounts to keep protected customers’ funds segregated from the company’s balance sheets.
The broker runs following types of promotions:
- Deposit Bonus
- Trading Contest
Promotions are available for all verified traders of OctaFX.
OctaFX’s trading conditions
OctaFX offers MT4 (MetaTrader4), MT5 (MetaTrader5) and cTrader trading platforms.
The available financial instrument are Forex pairs, Metals, Indices, Energies and Cryptocurrency pairs.
The minimum spread starts from 0.0 pip.
The maximum leverage is 1:500, and NBP (Negative Balance Protection) is supported.
OctaFX processes all orders with “Market execution” in under 0.1 second.
As a NDD and ECN broker, all kinds of trading strategies are allowed on their platforms.
Open OctaFX Real or Demo Account
1. OctaFX 50% Deposit Bonus
| Bonus Amount | 50% Deposit Bonus |
|---|---|
| Trading Platforms | MT4, MT5 and cTrader |
| Withdrawal | Available with the volume requirement |
| Margin Calculation | Bonus amount is included |
How to get 50% Deposit Bonus from OctaFX?
1. Register and Open an account
Go to the registration page below and open a real/live trading account with OctaFX.
You can open accounts of MT4, MT5 or cTrader to join the promotion.
2. Deposit more than 50 USD
The required minimum deposit amount for the promotion is 50 USD, or equivalent amount in other currencies.
Fund your trading account with any convenient methods you like.
3. Confirm your participation to the promotion
Login to OctaFX’s Client Portal from the Official Website and activate the promotion on your account.
You can choose the bonus amount from 10%, 30% and 50%.
4. Trade with the bonus
Now you can trade in the account with additional bonus fund.
Bonus can be withdrawn by trading the required volume in the relevant account.
Funding and Withdrawal Conditions
You can withdraw your fund and profit made in the relevant account at anytime you want.
To withdraw the bonus fund, you must complete the required trading volume which is calculated as follows:
The required standard lot number = Bonus amount in USD / 2
Any fund withdrawal before meeting the volume requirement will result in full cancellation of the bonus amount.
For the full terms and conditions of the promotion, please visit the Official Website.
2. OctaFX cTrader Demo Trading Contest
| Contest Type | cTrader Demo (Virtual) |
|---|---|
| Prize Fund | $400 |
| Number of Winners | 5 |
| Withdrawal of Prize Fund | Available with no requirements |
How to join cTrader Trading Contest
Follow the below steps to join the cTrader trading contest.
1. Register and Open an account with OctaFX
Go to the signup page below.
After registering with OctaFX, you need to verify your account with documents.
2. Open a cTrader Weekly Demo Contest account
Login to the client portal on OctaFX Official Website and confirm your participation to the contest.
By participating the contest, a cTrader Demo trading account will be opened.
3. Download the cTrader trading platform
To get prepared, download cTrader trading platform to your PC or mobile.
You can also login to the web trading platform which doesn’t require any installation of the program.
4. Trade within the contest period to win the prize
The top 5 traders of each round will get cash prize from $400 prize pool.
Each contest runs for 1 week.
Each contest account has the following trading conditions.
| Account type | Similar to OctaFX ECN account |
|---|---|
| Trading tools | Similar to OctaFX ECN account |
| Initial deposit | 1,000 USD (Virtual) |
| Leverage | 1:500 |
| Minimum volume | 0.01 lot, maximum volume is not limited |
Contest Prizes
Each round of cTrader weekly trading contest will give away $400 cash prize pool to the top 5 traders.
The prize fund will be distributed as follows:
| 1st | 150 USD |
|---|---|
| 2nd | 100 USD |
| 3rd | 75 USD |
| 4th | 50 USD |
| 5th | 25 USD |
The cash prizes will be credited into winners’ real/live trading accounts.
Cash prizes are available for both trading and withdrawal.
3. OctaFX MT4 Demo Trading Contest
| Contest Type | MT4 Demo |
|---|---|
| Cash Prize | $1000 for the top 4 traders |
| Contest Duration | 4 weeks |
| Withdrawal of Cash Prize | Available at anytime |
How to join the Contest
Follow the steps below to join the contest.
1. Register for OctaFX’s service
Go to the online registration page below.
At the first registration, you may open a real/live account of your preference.
The contest Demo account will be opened later in the next step.
2. Participate to the Contest
Login to the client portal from the Official Website and open a new champion Demo contest account with OctaFX.
The contest account will have the following trading conditions.
| Account type | Similar to similar to OctaFX Micro account |
|---|---|
| Trading tools | Similar to similar to OctaFX Micro account |
| Initial deposit | 1,000 USD |
| Leverage | 1:500 |
| Minimum volume | 0.01 lot (maximum volume is not limited) |
3. Wait until the contest period and start trading
Download the MT4 trading platform or use the browser version.
4. Get the highest balance and win a prize!
Each contest round lasts for 4 weeks (1 month).
Make sure that you know the contest period specified in the official website.
Cash Prizes
The top 4 traders will get the withdraw-able cash prizes as follows:
| 1st | $500 |
|---|---|
| 2nd | $300 |
| 3rd | $100 |
| 4th | $100 |
The prize is paid into the client’s Wallet and can be withdrawn.
In case the prize funds are used for real trading, the withdrawal limit is 300% of the prize funds (including both the prize funds and profit).
Please check OctaFX official website or contact the customer support with regard to the latest information and more accurate details.
OctaFX official website is here.
Please click "Introduction of OctaFX", if you want to know the details and the company information of OctaFX.
IronFX
Comment by Diletta
March 26, 2024
Awesome bonuses, good leverage. A few hiccups, but support rocks!