How to open a trading account with Octa

That's it—your Octa account is ready. Press Deposit to top up your real account and start trading.

How to start trading

1. Once you have signed up, check your email to find your login and trading account password.
2. Open your profile and press New Deposit.
3. Choose a payment method and top up your trading account.
4. Press the Trade button. Use your trading password to log in and start trading on MetaTrader 5.

Trading account type: real or demo?

We offer real and demo accounts on all available trading platforms: MetaTrader 4 (or MT4), MetaTrader 5 (or MT5), and OctaTrader.

Real accounts

You trade with real funds, and your losses and profits are also real. To start trading on a real account, you have to make a deposit first. Octa doesn't charge any deposit or withdrawal fees at all. You can choose among multiple payment methods, including crypto transfers. Trading on a real account also allows you to participate in our status program: unlock extra tight spreads and many other benefits by reaching certain balance levels.

Demo accounts

You trade with virtual funds: there's no risk involved, and you don't have to make a deposit. However, you can't withdraw any profit from a demo trading account. You should try demo trading if you want to practise or test new trading strategies in real market conditions but without risking any real money.

You can have any number of demo accounts, but inactive ones get closed after a while. We send a letter with a trading password for each of them to your email—just like with the real ones. Demo accounts have $5,000 by default, but you can claim up to $1,000,000 in virtual money and add more later.

Trading platform: MetaTrader 4, MetaTrader 5, or OctaTrader?

Octa features three different trading platforms. Each of them has its own pros and cons, available tools for market analysis, and trading instruments. You can freely choose the one you like when creating a new trading account.

Leverage: how to adjust it

Leverage is virtual credit provided by brokers. Octa features leverage of up to 1:1000. That means you can deposit $1,000 to trade assets worth $1,000,000 for potentially greater profit. The actual credit limit depends on your margin or collateral to cover the risks and the asset type.

With leverage, you can make significant profits much quicker when trades go well—but you can also lose just as quickly if the market moves against your expectations. That's why some traders might want to limit their leverage to lower the risk.

You can set the preferred leverage during the registration process. Customise the account manually and adjust it ranging from 1:1 to 1:1000. But it's not final: if you want to change the leverage, you can always change the ratio for each account separately in your profile later on.

To calculate the required margin and pip value of a trade, use our Trading calculator.

Islamic accounts on Octa: how they work

All trading accounts featured by Octa are swap-free and suitable for halal trading.

Islamic accounts are designed to comply with religious requirements for Muslim traders. Islam forbids any way of earning interest, including swaps. With swaps, you earn interest for keeping trades open overnight, so Islamic accounts must be completely swap-free.

Our accounts don't support swaps. We don't charge any fixed fees as well. That means you don't have to make a special Islamic account with Octa. Just create a trading account and enjoy all the benefits of an Islamic account.

Some Islamic scholars consider leverage trading unethical, too. If you share this view, you can create an account with no leverage. Just set your leverage to 1:1 during the registration process or at any time after. This way, you can trade only with your own funds and avoid borrowing money.

Verify your account to withdraw profits

To withdraw funds from your account, you need to verify your identity first.

1. In your profile, go to the Settings menu—look for the cog icon next to your name in the upper right corner. Press Profile Verification.
2. Upload photos of your identity document and press Submit Request. We will review your request and notify you via email when the process is complete. It usually takes about 1–2 office hours or less.

Once you receive the confirmation letter, you can start withdrawing funds.

Octa trading app: optimise your trading experience

The Octa app is our official mobile trading app. With it, you can manage accounts and make trades on the go. Use it to deposit and withdraw funds, browse market insights, and monitor all open positions without having to sit in front of the computer all day. It is free, user-friendly, and has everything you need to make your trading experience even more convenient and effective. It supports any account type and trading platform available with Octa.

How much does it cost to open a live trading account?

Nothing. Creating and maintaining an account with Octa is free: we do not charge deposit fees. But we have a minimum deposit amount: from $25, depending on the payment method.

How much does it cost to withdraw money?

Nothing. We do not charge withdrawal fees. But we have a minimum withdrawal amount: from $5, depending on the payment method.

Do I need to verify my identity to trade with Octa?

No, you can start trading right after you open a trading account and make a deposit. But you will have to verify your identity before you can withdraw any funds from your real trading account.

How much does Octa charge for trading?

We don't charge any fees or commissions. We offer tight spreads for trading instruments, including major currency pairs. Our spreads start at 0.6 pips for major currency pairs.

Does Octa feature cent accounts?

No, we do not have cent accounts. If you want to practise trading skills, create a demo account and trade in real market conditions with unlimited virtual funds.

Should I open a real or demo Octa account?

You can open both of them for free. Use your demo account to test new trading strategies or learn how to use certain analytical tools without risking your balance, then use your real account to earn a profit.

Does Octa feature any deposit bonuses?

Octa offers unlimited deposit bonuses of up to 50%. Such bonus funds are withdrawable, but you need to trade a certain number of lots before you can actually withdraw them.

How much money do I need to start trading?

The minimum deposit is $25, but we recommend starting with at least $100. With a 50% bonus, you get to trade with $150 right from the start.