FAQs

Is Octa trusted?

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With more than a decade of experience and 6.6 million trading accounts from over 100 countries, traders should be able to have trust in Octa.

Is Octa legal?

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Octa is a duly registered international business company (IBC) in Saint Vincent and the Grenadines and operates legally.

Is Octa legal in India?

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Octa does not have a license in India, but it is not a requirement, making accepting Indian traders legal for Octa.

Can I withdraw money from Octa?

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Octa offers bank wires, credit/debit cards, and several cryptocurrencies as withdrawal methods. It processes requests between one hour and three hours, making it one of the best in this category.

Which Octa account is best?

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The Octa MT5 account is the best for equity traders, and the Octa MT4 account is for Forex traders due to asset availability and trading tools.

How do I deposit USD into Octa?

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Traders can deposit US Dollars via bank wires, credit/debit cards, Skrill, and Neteller.

Is Octa free?

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Octa does not charge account opening or administrative fees, but traders must pay spreads on assets, which is the standard business model at commission-free brokers. Octa grants one significant advantage as it provides swap-free trading for all traders.

How much does Octa charge per dollar?

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Since the minimum spread is 0.6 pips, the per-dollar cost is $0.00006 for the EUR/USD.

How much must you deposit at Octa?

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The Octa minimum deposit is $25. It is higher versus many brokers but well within a reasonable range and justified by its products and services.

How much is withdrawal from Octa?

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Octa does not levy internal withdrawal fees, but traders should consider potential third-party payment processor charges.

What is the minimum amount to start with Octa?

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The minimum Octa deposit is $25, but the minimum trade size is 0.01 lots.

How much is the Octa fee?

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Octa only charges internal mark-ups over market spreads, which start from 0.6 pips or $6.00 per 1.0 standard round lot. It has no other notable fees and ranks among the best-priced brokers.

Does Octa pay real money?

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Yes, Octa pays real money to traders who earn from their trading activities. It also includes $31M in bonus funds Octa paid over the past eleven years.

Is Octa Available in India?

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Octa is available in India and caters to Indian Forex traders via its website in Hindu.

Is Octa Available in Indonesia?

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Octa is available in Indonesia and translates its website into Bahasa Indonesia.

Is Octa Available in Malaysia?

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Octa is available in Malaysia, where Malaysian Forex traders can access its services in Bahasa Melayu.

Is Octa Available in Pakistan?

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Octa is available in Pakistan, where it ranks highly among Pakistani Forex and copy traders.

By Tobi Amure
Tobi Opeyemi Amure has more than seven years of experience as a financial market analyst. He holds a Bachelor's Degree from Obafemi Awolowo University. Tobi's main area of expertise is in personal finance and the Forex industry. He has contributed to top platforms such as Investopedia, GoBankingRates, and Investing.com, where his expertise in Forex markets and digital assets is widely recognized. Tobi’s engaging storytelling and data-driven analysis have earned him a feature on Forbes and TheStreet, setting him apart as a trusted voice in Forex and online finance. In his free time, he explores emerging Forex trends, refines his market strategies, and actively engages with the global finance community.
Reviewer DailyForex.com Team
The DFX Team at DailyForex is a group of veteran financial analysts, traders, and brokerage industry experts dedicated to producing in-depth broker reviews and cutting-edge market insights, plus analysis of market trends. Holding over 16 years of experience in global financial markets, and 4 B.A. level academic qualifications in relevant degrees, we conduct thorough, unbiased evaluations of brokers to enable traders make informed decisions, using the most advanced methodology in the industry. Also, the DFX team is involved in generating technical analysis, signals, and trading strategies, with a consistent commitment to accuracy and transparency. Whether you’re a beginner or a professional trader, the DFX Team works to ensure you have the tools and insights you need to succeed as a trader in the retail CFD industry.
Fact-checker Adam Lemon
Chief Analyst and Director of Content

Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.