Octa forex contest

The Company reserves the right to reject or disqualify any participant without explaining the reason. Reasons for disqualification may include opening big volume opposite orders with the same currency pairs in different trading accounts at approximately the same time, as well as the usage of failures in the quote flow for getting guaranteed profit, or any other kinds of cheating.

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All the current contest stats are available at OctaFX website. On the contest finish date all the open orders will be automatically closed at the current market rate. The participant with the highest balance wins the contest. Winners agree to the publication of their names in social media. The winner is must answer the questions of the interview in full to be published on OctaFX site A prize must be claimed during a month after the end of the round.

The prize is paid into the client's Wallet and can be withdrawn.

In case two or more contest winners have equal balances in the end of the contest, they will share the prize equally. With full market depth, traders can also execute advanced online trading strategies as well as programmable algorithms. The cTrader platform is ready to download from the website once you have completed the registration process. The cTrader web terminal is also available for MacOS users. Trading commissions are only charged in the cTrader account, at 0.

There are also rollover rates applied on positions held over 3 days.

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Details of these fees are listed in the product specifications. Leverage in the MT5 account is available up to on currencies.

Metals can be leveraged up to , indices and energies up to , and cryptocurrencies up to All trading apps come with a customisable mobile interface with clean and accurate trading functions, as well as custom mobile price alerts. The app allows you to manage and keep track of trading accounts whilst on the go. Users can also activate bonuses, access trader tools and deposit into their accounts.

The app download process is quick and can be accessed from the Google Play store. OctaFX offers a few fast funding methods which vary depending on your origin country, including bank cards, Perfect Money and Bitcoin. Local bank transfers are also available for traders from certain countries, including Thailand, India and Nigeria.

All deposits methods are generally processed instantly or within a few minutes. There are no commissions charged on deposits, withdrawals or currency exchange rates, except for 0. The withdrawal time for all methods is 1 to 3 hours to approve and up to 30 minutes to transfer the funds. There is no withdrawal limit on earnings. OctaFX traders can open a demo account which provides the same trading experience as a live account but without risking any real investment.

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You can sign up for a free demo account in just a few minutes. There are also contest opportunities, including the OctaFX 16 Cars contest where traders are entered into a car prize draw every 3 months, as well as the Champion Demo Contest for MT4 users. EU member state residents are therefore protected by strict regulatory standards, including segregated client accounts and protection by the Investor Compensation Fund.

The non-EU entity also claims to provide segregated client accounts to protect trader funds, as well as negative balance protection which ensures that trader account balances never fall below zero. Traders benefit from a range of additional education features and trading tools at OctaFX, including video tutorials and webinars, plus regular forex market insights and news. The brokerage also offers profit and margin calculators, as well as a forex signal service with the Autochartist plugin and live quotes. OctaFX also offers a copy trading service, which is available on the desktop terminal and through the Android mobile app.

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The minimum trade volume across all accounts is 0. The main differences between the accounts is the assets available to trade, the spreads and the minimum deposit amounts. The minimum deposit in the Pro account is USD. Commissions are also charged in the ECN account. In most cases, if your documents are submitted clearly, verification should only take up to 3 hours. There is also an Islamic swap-free account for those worried about whether trading is haram or halal.

The support team are helpful if you need to know your withdrawal pin, any platform problems, VPS questions, or you want to delete an account. OctaFX uses bit SSL encryption and PIN codes in the personal area and trading platforms, which is the industry-standard security requirement for protecting personal data. The broker also applies 3D secure Visa authorisation when processing credit and debit card transactions.