How to sign up and open OctaFX's trading account?

How to open an account with OctaFX?

Opening an account with OctaFX is a continuous process, requiring only a few steps.

First of all, before you start trading, we recommend you open a real account or a simulated account.

We will also introduce you to what factors you should pay attention to before trading.

Open OctaFX’s Account for Free

Comparison of OctaFX’s trading account types

OctaFX mainly offers MT4 and MT5 trading account types.

See the table below to know the difference between these trading account types

Open OctaFX’s Account for free

To open a trading account, please follow the steps below:

1. Press the button to open an account.

The button for opening an account is located in the upper right corner of the webpage.

If you can’t find it, you can open an account via the link on the registration page.

Go to the account opening page

2. Fill in your details.

After pressing the account button, you will see a registration form asking you to fill in the details.

After filling in your details, press the button to open an account at the bottom of the form.

If you have chosen to register with Facebook or Google, please fill in the missing information and press continue.

Go to OctaFX Official Website

3. Verify your email address.

After providing your details and submitting the form, you will receive a confirmation email.

After opening the confirmation email, press Confirm.

Log in to OctaFX Client Portal

4. Fill in your personal information.

After confirming your email, you will be redirected to OctaFX’s Official Website to fill in your personal details.

The information provided must be accurate, relevant, up-to-date, and in compliance with KYC standards and certifications.

Please note that you need to be of legal age to conduct foreign exchange transactions.

Go to OctaFX’s registration page

5. Choose a trading platform.

Next, you need to choose the trading platform you want to use.

You will be prompted to choose between a real account or a simulated account.

To understand which account is best for you, you should check OctaFX’s detailed comparison of foreign exchange accounts and their types, and compare OctaFX’s trading platform features.

Most customers usually choose the MT4 platform.

Once you have selected the platform, you need to choose whether to open a real account or a free demo account.

A real account uses real money, while a simulated account allows you to use the virtual currency without any risk.

Although you cannot withdraw funds from a demo account, you can practice strategies at will and become familiar with platform operations.

See available trading platforms of OctaFX

6. Complete account selection.

After selecting a platform, press the “Continue” button to complete the account creation.

You will see a summary of your account, including;

• Account number
• Account type (simulation or real)
• The currency of the account (EUR or USD)
• Leverage (you can change it in your account at any time in the future)
• Current balance

Go to OctaFX Official Website

7. Make the first deposit, and then submit the verification documents for withdrawal.

You can deposit a sum of money first, or you can complete the verification process first.

Please note that in accordance with OctaFX’s AML and KYC policies, OctaFX’s customers must verify their accounts by providing the required documents.

OctaFX only asks the Indonesian customers to provide a document.

You need to take a photo of your KTP or SIM card and submit it.

This way proves that you are the sole owner of this trading account and ensures that there is no unauthorized access.

Following the above steps, you can create a trading account on OctaFX.

To start trading, you need to start the deposit process.

Before opening an account, please be familiar with the following information:

• Before opening an account, please read the customer agreement carefully.
• Foreign exchange margin trading involves huge risks. Before entering the foreign exchange market, you must be aware of the risks involved.
• The AML and KYC policies are to protect the account from unauthorized access. In order to ensure the security of the transaction, OctaFX requires a review of documents.

Open OctaFX’s account for free

How to start trading on OctaFX MT5?

Learn how to start trading in the MT5 Android mobile app, or learn more about the steps below.

The Android version of MetaTrader 5 allows you to trade anytime, anywhere.

To trade foreign exchange on the move, you first need to download the mobile app.

Log in to your existing OctaFX MetaTrader 5 account

Open the app, click the + icon in the upper right corner to add a trading account

Then you need to connect to the broker.

Type OctaFX in the search box to find OctaFX’s server.

Look up the server name in the account credentials.

It depends on whether you want to use a demo account or a real account.

The demo account is OctaFX-Demo and the real account is OctaFX-Real

Next, you need to enter further credentials: account login (number) and password.

Go to OctaFX Official Website

Start trading on MetaTrader 5 for Android

Once you log in to MetaTrader 5 for Android, you can start trading! In the market tab, you can find the varieties available for trading, as well as their asking prices and bids.

The asking price is used to buy currency, and the bid is used to sell currency.

The asking price is always higher than the bid.

To create a new order, you need to press the currency pair you want to trade, and then select New Order.

In the window that opens, you need to select the trading volume by entering the lot size and decide whether to buy or sell assets.

After clicking the Sell or Buy button, the order will be opened immediately

After opening a trade, you will be redirected to the trade tab, where you can see your open orders

To close order or manage a transaction, you need to press the order in the list and hold it for one second.

Then you will see the option to close the position or modify the price.

After you press the close button, your order will be closed and your profit will be credited to your account balance.

Click the currency pair and select the chart option to open the chart and check the chart.

You can rotate your screen to view the chart more clearly. You can create a new order by clicking the trade button.

We recommend that you familiarize yourself with the available options of MetaTrader 5 for Android.

So you can trade foreign exchange anywhere at any time!

To learn more about foreign exchange trading, check out the following article to start trading in four easy steps.

Go to OctaFX Official Website