How to start trading Cryptocurrency on OctaFX's MT4 and MT5? Table of Contents

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

Account Type OctaFX MT5 OctaFX MT4
Spread Type Floating Floating
Minimum Spread 0.6 pips 0.6 pips
Trading Commission None None
Minimum Deposit 100 USD 100 USD
Available Markets 35 currency pairs + gold and silver
+ 3 energies + 10 indices + 30 cryptocurrencies		 35 currency pairs + gold and silver
+ 3 energies + 4 indices + 30 cryptocurrencies
Maximum Leverage 1:500 1:500
Minimum Trading Volume 0.01 lots 0.01 lots
Maximum Trading Volume 500 lots 200 lots
Execution Model Market Execution Market Execution
Execution Speed Less Than 0.1 seconds Less Than 0.1 seconds
Account Currency USD and EUR USD and EUR
Margin Call Level 25% 25%
Stop Out Level 15% 15%
Hedging Strategy Allowed Allowed
Scalping Strategy Allowed Allowed
Use of EAs Allowed Allowed
Swap Points None None
Cryptocurrency Trading Available Available
Sign Up Link Open OctaFX MT5 Account Open OctaFX MT4 Account

Open OctaFX’s Account for free

Invest in Cryptocurrency with OctaFX

Use OctaFX to trade cryptocurrencies more easily.

Use OctaFX to trade cryptocurrencies more easily .

If you are interested in trading and investing, it is difficult not to study trading cryptocurrencies. Bitcoin, Ethereum, Litecoin, and many other cryptocurrencies are exciting for investors because they have the potential to bring huge profits and think about what currency is and how it works in a whole new way.

Trade Cryptocurrency with OctaFX

To start trading cryptocurrencies with OctaFX, please follow these simple steps:

1. Open an account with OctaFX

Register on OctaFX’s Official Website, confirm your email address, and then open a trading account. In some cases, you may also need to complete the verification process

Open OctaFX’s Account for free

2. Choose a trading platform of OctaFX

Choose whether to use MetaTrader 4 or MetaTrader 5 platform for trading. MetaTrader 4 is a pure foreign exchange trading standard with a long history, arguably the best standard and MetaTrader 5 allows you to better set your trading preferences. Research both to see which one is best for you.

See available trading platforms of OctaFX

3. Deposit your money to your account

Once your email and identity are verified, you can deposit funds into your trading account. Don’t forget, depositing allows you to get 50% bonus rewards and maximize your potential profit.

Log in to OctaFX Client Portal

4. Add Cryptocurrency to the list

In order to trade cryptocurrency in the MetaTrader system, you need to add it to the asset list:

Desktop version: right click on the market quote and select show all.

ADD CRYPTOCURRENCY TO THE ASSET LIST

Mobile version: Press +, select the cryptocurrency, and then select the currency you want to trade.

Press + , select the cryptocurrency , and then select the currency you want to trade.

Go to OctaFX Official Website

Trade Crypto like you trade Forex

Trading cryptocurrency does not require any specific knowledge. In fact, it is not much different from trading foreign exchange, commodities, or other markets. Despite the special nature of the asset, its price rises and falls like any other currency, stock, or commodity. Since the cryptocurrency market is also affected by foreseeable external factors, you have the opportunity to make considerable profits.

Through OctaFX, you can trade Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Ripple. You will be able to get OctaFX’s free trading signal plugin, which provides detailed technical analysis and some of the best cryptocurrency price predictions on the market.

Trade Crypto pairs with OctaFX

Trade Crypto with one of the lowest costs

For any type of investment, it is wise to minimize initial expenditures while maximizing potential profits. OctaFX will provide you with good service in this regard, provide the lowest spreads in some industries, and provide micro-hands with a transaction volume as small as 0.01. Therefore, you can profit from trading Bitcoin, Litecoin, Ethereum, Bitcoin Cash, or Ripple without a huge initial expenditure.

OctaFX will also provide free leverage to maximize your profits. You can trade with 1:10 leverage, no transaction fees and deposit and withdrawal fees.

Open OctaFX’s Account for free

Which Cryptocurrency you can trade with OctaFX?

When you invest in a volatile currency like cryptocurrency, maximizing your profits depends on accurate trading in the secondary market. OctaFX allows you to do this, thanks to the fastest execution speed on the market.

Buy and sell at the price you see, there is no delay, and you can quickly deposit and withdraw gold.

Now that you have a complete understanding of how to trade cryptocurrencies, it is time to learn more about the cryptocurrencies OctaFX offers to trade.

1. Bitcoin

Bitcoin is the world’s first digital currency, produced in 2009. Bitcoin is the most volatile and most popular type of cryptocurrency.

2. Bitcoin Cash

Bitcoin Cash is a branch of Bitcoin and is a token issued in 2017. In Tokyo and London trading hours, day traders usually pay attention to Bitcoin Cash, because Bitcoin Cash is the most volatile in these two periods

3. Ethereum

Ethereum is a system that supports smart contract technology and can invest in ICOs of newly established companies. The more startups interested in Ethereum, the more expensive it becomes. Technical analysis data works well with Ethereum.

4. Litecoin

Litecoin was first issued in 2011 and is very similar to Bitcoin. The price of Litecoin depends to a large extent on Bitcoin. This makes it possible to use Bitcoin as the reference currency to successfully predict the changes in Litecoin.

5. Ripple

Ripple, commonly referred to as XRP, was released in 2012 and has since become one of the largest cryptocurrencies. It exhibits good volatility and attracts many day traders.

Go to OctaFX Official Website