How To Trade On Octa In South Africa: OctaFX Review 2025, Create Account, Trade, Deposit, Withdraw, Fees and Lots More

You are on this page because you want to learn how to trade on Octa in South Africa, or because you want to read an in-depth and 2025 updated Octa review. Either way, you are in the right place.

You will also learn how to create an Octa account, how to deposit and withdraw money on Octa, how to trade on Octa, Octa trading contest in South Africa, the various Octa fees and commissions, and much more. We will also talk about the pros and cons of Octa in South Africa in 2025. 

Without wasting time, let’s go straight to it.

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As a South African trader, you can trade all 5 major financial markets on Octa, including Forex, crypto, stocks, commodities, and indices. You can trade 52 currency pairs, gold and silver, 3 energies, 10 indices, 34 cryptocurrencies, and 150 stocks.

What is Octa and How Does it Work?

Octa is a popular multi-asset broker that allows you to trade on a wide range of financial markets, including Forex, crypto, stocks, commodities, and indices. As a trader in South Africa, OctaFX provides you with access to various assets, including 52 currency pairs, gold and silver, 3 energies, 10 indices, 34 cryptocurrencies, and 150 stocks.

Octa Trading Platforms

Octa focuses on the MT5 and its proprietary OctaTrader platform, which is designed for both mobile and desktop users. These platforms provide fast and easy access to trading, with advanced charting and analysis tools that will help you make informed decisions while trading on Octa.

How Does Octa Work?

Trading on Octa is simple and designed to be accessible for both beginners and experienced traders. After you sign up and create an account, you can deposit on Octa using various payment methods like bank transfer, e-wallets, and cryptocurrencies. The minimum deposit required is just $25 for South African traders, making it a very affordable option for anyone interested in trading on Octa.

Once your account is funded, you can start trading right away. You can trade across all 5 major financial markets that Octa offers:

1. Forex – With 52 currency pairs, including major pairs like EUR/USD, GBP/USD, and USD/JPY, Octa provides one of the largest selections of Forex pairs.
2. Crypto – Octa allows you to trade 34 different cryptocurrencies, such as Bitcoin, Ethereum, and more.
3. Stocks – You can trade up to 150 stocks from various global markets.
4. Commodities – Trade gold, silver, and other precious metals, alongside energy products like oil and natural gas.
5. Indices – Choose from 10 global indices like the S&P 500, NASDAQ, and more.

No Commissions and Swap-Free Trading

One of the highlights of trading on Octa is that it offers commission-free trading, meaning that you won’t incur extra fees on your trades. In addition, Octa offers swap-free trading for all clients, making it an attractive option for both long-term traders and those who prefer overnight positions without the worry of swap rates.

Octa also offers low spreads, starting from as low as 0.6 pips, and provides negative balance protection, ensuring that you won’t lose more than the funds in your account.

In this OctaFX review, we’ve highlighted everything you need to know about trading on Octa in South Africa.

Is Octa Broker Available in South Africa?

Yes, Octa Broker is available in South Africa. As a South African trader, you can easily trade on Octa using both mobile and desktop platforms.

1. Mobile: You can download the Octa mobile app from Google Play for Android devices and Apple App Store for iOS devices. These apps provide you with full access to the Octa broker platform, allowing you to trade on the go.

2. Desktop: You can also trade on Octa using the OctaTrader and MT5 desktop platforms, which are compatible with both Windows and macOS. These platforms provide advanced trading tools and features, making it easy to analyze the markets and execute trades efficiently.

Whether you prefer to trade from your phone or computer, Octa ensures you have access to its full range of trading instruments and features in South Africa. So, yes, you can use Octa to trade Forex, cryptocurrencies, commodities, and indices in South Africa.

Octa Broker Review in South Africa (Pros & Cons)

Let’s go deep into the OctaFX review, focusing on the pros and cons of using OctaFX in South Africa in 2025.

Octa Pros

1. Wide Range of Tradable Assets

Use OctaFX in South Africa to access 5 major financial markets. You can trade 52 currency pairs, gold and silver, 3 energies, 10 indices, 34 cryptocurrencies, and 150 stocks. This diversity gives you the flexibility to choose what suits your trading strategy.

2. Tight Forex Spreads

Octa offers tight spreads on Forex pairs, ensuring you can trade at lower costs, which is crucial for maximizing profits, especially for active traders.

3. Good Research Materials

Octa provides useful research materials, including trading ideas, daily updates, weekly forecasts, and third-party content. These tools help traders stay informed and make better decisions in real time.

4. 24/7 Customer Support

Having 24/7 customer support is essential for traders who need assistance. You can contact Octa’s support team at any time via live chat or email for quick resolutions to your queries.

5. No Inactivity or Swap Fees

Octa doesn’t charge inactivity fees or swap fees, which can be beneficial for those who prefer longer-term positions or who may not trade every day.

6. Free Deposits and Withdrawals

Depositing and withdrawing funds on Octa is free of charge, which is an added benefit. The lack of internal fees is a major plus for traders looking to move their funds quickly and without any additional costs.

7. Swap-Free and Sharia-Compliant Accounts

For traders seeking an ethical or alternative trading account, Octa offers swap-free accounts and Sharia-compliant trading accounts.

8. Segregated Client Accounts

Octa keeps client funds in segregated accounts, ensuring that your money is protected and separated from the company’s funds.

9. Multiple Platforms Available

Octa supports MT5 and its own proprietary OctaTrader platform, providing a variety of options for traders to choose the platform they feel most comfortable with.

Octa Cons

1. No Phone Support

While Octa provides 24/7 customer support, it lacks phone support, which might be an issue for traders who prefer more direct forms of communication.

2. Limited Education for Forex Traders

Although Octa provides good research materials, it falls short in terms of educational tools for Forex traders. There’s a lack of in-depth learning resources, which could be a downside for beginners.

3. No VPS Available

Octa does not provide a VPS (Virtual Private Server) service, which could be an issue for traders who rely on automated trading strategies and need a stable environment for their trades.

What Can I Trade on Octa in South Africa?

When you trade on OctaFX in South Africa, you have access to a wide range of Octa tradable instruments across multiple financial markets. Whether you’re interested in Forex, commodities, stocks, or cryptocurrencies, OctaFX provides a solid selection of assets that you can trade with competitive conditions.

Here’s a breakdown of what you can trade on OctaFX:

1. Forex (Currency Pairs)

One of the main attractions of OctaFX is its offering of currency pairs. With 35 currency pairs on OctaTrader and 52 on MT5, you’ll have plenty of options to trade different currencies. These include popular pairs like EUR/USD, GBP/USD, and USD/JPY, giving you the flexibility to trade with both major and minor currencies.

2. Precious Metals: Gold and Silver

If you want to trade metals, OctaFX offers both gold and silver. These precious metals are often seen as safe-haven assets, meaning their value tends to rise during times of market uncertainty. With Octa tradable instruments like these, you can diversify your trading strategy.

3. Commodities: 3 Energies

For those interested in trading commodities, OctaFX offers 3 energies, including oil, which can be quite volatile and potentially profitable. If you’re looking to take advantage of price fluctuations in the energy markets, this is a great opportunity.

4. Indices: 10 Major Indices

OctaFX also provides access to 10 indices, which represent the performance of major stock markets like the Dow Jones and S&P 500. Indices are a great way to trade the overall movement of markets rather than individual stocks, and they can be ideal for both short- and long-term traders.

5. Cryptocurrencies: 34 Options

If you’re into cryptocurrencies, OctaFX allows you to trade 34 cryptocurrencies. This includes popular coins like Bitcoin, Ethereum, and Litecoin, as well as many altcoins. Cryptocurrency trading can be highly volatile, which means it presents plenty of opportunities for profit, but also carries a higher level of risk.

6. Stocks: 150 Options

On MT5, OctaFX provides access to 150 stocks. If you want to trade the shares of major companies like Apple, Amazon, or Tesla, this is your chance. You can buy or sell these stocks based on market conditions.

7. Intraday Assets: 26 Options

If you prefer to trade assets with a shorter time horizon, OctaFX offers 26 intraday assets that are perfect for day trading. These assets can be ideal for traders who prefer making quick profits by capitalizing on small price movements throughout the day.

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How to Create an Octa Account in South Africa (Step-by-Step Guide with Screenshots)

If you’re looking to trade on OctaFX in South Africa, creating an Octa account is your first step. Below is an easy-to-follow OctaFX tutorial guide that will take you through the account creation process. Let’s go step by step.

Step 1: Visit the Official Octa Website and Click “Open Account”

Start by visiting the official Octa website. On the homepage, look for the “Open Account” button and click on it to begin the registration process.

Once you click this button, you will be taken to the registration page.

Step 2: Sign Up

Next, fill in your personal information like your name, email address, and phone number. You’ll also need to choose between a real account or a demo account. If you’re new to trading, a demo account is a great way to practice without using real money.

After entering your information, you’ll receive a confirmation email from Octa. Open the email and click the confirmation link inside to proceed.

Step 3: Set Up Your Trading Account

Once your email is confirmed, you’ll be prompted to set up your trading account. This includes selecting your preferred trading platform (such as OctaTrader, MT5) and setting your leverage and currency preferences.

To start trading with a real account, you’ll need to deposit funds. The minimum deposit is $25, but for better trading conditions, it is recommended to deposit $100.

Step 4: Upload Your ID for Verification

For full account activation, Octa requires that you upload identification documents. This is important for identity verification, especially if you wish to make withdrawals. Acceptable documents include passport, driver’s license, or any valid ID.

Step 5: Start Trading

Once your account is verified, you’ll have full access to your trading dashboard. You can now start trading Forex, cryptocurrencies, and other instruments available on OctaFX.

How to Close Your Octa Account

If you ever wish to close your Octa account, you can follow these simple steps:

1. Go to the “Contact Us” section of the Octa website.
2. Contact customer service via live chat, email, or social media.
3. Inform the support team that you’d like to close your account. They will guide you through the process.
4. Ensure any ongoing trades are closed, and any fees are settled before closing.
5. Octa may request additional documents such as your passport or driver’s license to verify your identity during the closure process.
6. Once everything is complete, confirm the closure with customer support.

How to Deposit Money on Octa in South Africa

Depositing funds into your Octa account in South Africa is easy and quick. Whether you’re using local bank transfers, credit cards, e-wallets, or debit cards, here’s how you can fund your Octa account and get started with trading:

Step 1: Log in to Your Octa Account

First, log into your OctaFX account using either the Octa web platform or the Octa Trading App on your mobile. Once you’re logged in, go to your dashboard and click the “New Deposit” button to start the deposit process.

Step 2: Select Your Account to Deposit Into

After clicking the New Deposit button, choose the account you want to fund. Ensure you select the correct trading account that you intend to top up for trading.

Step 3: Choose Your Preferred Payment Method

Now, you need to choose how you want to deposit funds into your Octa account. OctaFX supports several payment methods, and the options available to you may vary depending on your region. Here are some common methods:

• Bank transfers (local)
• Credit cards (Visa, MasterCard)
• E-wallets (depending on your region)

Step 4: Deposit via Local Bank Transfer (For South African Traders)

If you choose to deposit using a local bank transfer, follow these steps:

• Select the Local Bank option or your specific bank from the list.
• If you do not see this option, ensure that your account is verified and try again.
• Specify the amount you want to deposit and adjust your bonus percentage if applicable.
• Use online banking, go to an ATM, or visit your bank branch. Transfer the amount to the bank details displayed on the deposit page.
• After completing the transfer, go back to your OctaFX account and click “Notify Us After Transfer”. Fill in the necessary details, such as your bank account number, transfer amount, and payment date.

Once everything is done, you can upload the payment document to speed up the process. Local bank transfers typically take 1-3 hours but may take longer in some rare cases.

Step 5: Deposit via Credit Card or E-Wallet

To deposit funds using a credit card or e-wallet, select your preferred payment option such as Visa, MasterCard, or your local e-wallet.

• Enter the amount you want to deposit.
• Adjust the bonus percentage if needed.
• Complete the required payment details.
• Follow the instructions on the payment service page to complete the transaction.

Deposits made through credit cards or e-wallets are usually processed almost instantly but may take up to 30 minutes in some cases.

Step 6: No Deposit Fees

One of the great things about Octa is that they do not charge any deposit or transaction fees. However, your payment provider may charge their own fees, so be sure to check with them before proceeding with the deposit.

Step 7: How to Deposit to a Demo Account

If you are using a demo account for practice trading, you do not need to deposit real money. Simply select your demo account from your profile and click the Top Up button to add virtual funds.

Step 8: Waiting for Your Deposit to Process

Deposits made via credit cards, e-wallets, or other fast payment methods are usually processed in minutes, but in some cases, it may take up to 30 minutes. Bank transfers usually take 1-3 hours to process, but in rare cases, it may take up to one business day.

What to Do if Your Deposit Is Delayed

If your deposit is taking longer than expected, give it some time, as each payment method has its own processing time. If there’s a significant delay, or if you experience any issues, contact OctaFX’s customer support for assistance.

How to Withdraw Money from Octa in South Africa

Withdrawing money from your Octa account is a simple process, but before you begin, make sure your account is verified. Here’s how you can withdraw on Octa or cashout on OctaFX with ease:

Step 1: Log in to Your Personal Area

To get started, log into your Octa account via the OctaFX website or app. Use your account credentials to access your personal area.

Step 2: Choose Your Withdrawal Method

Once you’re logged in, decide whether you want to withdraw money from your wallet or trading account.

• From Your Wallet: On the right-hand menu, click on “Wallet” and select Withdraw.
• From Your Trading Account: Select the trading account from which you wish to withdraw funds, then press the Withdraw button.

Step 3: Select Your Preferred Payment Method

You will be presented with a list of available withdrawal options based on your region. These may include bank transfers, e-wallets (like Neteller, Skrill), and cryptocurrencies (such as Bitcoin). Choose the option that works best for you, then press Next.

Step 4: Enter Withdrawal Details

For e-wallets like Skrill, Neteller, and Perfect Money, the minimum withdrawal is $5. For Bitcoin, the minimum withdrawal is 0.00096 BTC, and Visa requires at least $20 or the equivalent in other currencies.

Enter the necessary details such as:

• Payment method (e-wallet email, bank account details, etc.)
• Withdrawal amount
• Currency

Step 5: Double-Check Your Withdrawal Information

Before finalizing your request, ensure all the information you’ve entered is correct. Carefully review the details, then click Submit to process your withdrawal request.

Step 6: Wait for Confirmation

Octa usually processes withdrawal requests within 1–3 hours. However, the total time will depend on your chosen payment method. Once the transaction is complete, you will receive an email and a notification in your personal area confirming the withdrawal.

Key Notes on Withdrawal

• Octa does not charge any fees for withdrawing funds. However, your payment provider might impose its own charges, so it’s important to check beforehand.
• E-wallets and cryptocurrencies have no maximum withdrawal limits.
• Visa withdrawals are subject to a minimum of $20.

• If your withdrawal is delayed, allow up to 30 minutes for processing. Each payment method has a different processing time.
• If your withdrawal takes longer than expected or you experience any issues, contact OctaFX Customer Support for assistance.

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How to Start Trading on OctaTrader via Web or the Octa Trading App

If you’re looking to trade on OctaFX in South Africa, here’s an easy-to-follow guide to help you get started. With OctaTrader, you have two main options: using the web platform or the mobile app. Let’s break it down for beginners and explain how to use Octa in South Africa step by step.

Step 1: Open Your OctaTrader Account

To get started with OctaTrader, you need to open a trading account. Here’s how:

• Go to your Octa profile and select the option to Open New Account.
• If you’re using the Octa Trading App, go to the Accounts tab, and press the ‘+’ button to create a new account.
• Choose OctaTrader as your trading platform and set your account preferences, such as Demo or Real account, and leverage ratio.
• Once your account is set up, you’ll receive your account login (number) and can proceed to make your first deposit.

Step 2: Access the OctaTrader Platform

Unlike other platforms like MetaTrader, OctaTrader doesn’t require a separate login:

• Web Access: Simply log into your Octa profile and select your OctaTrader account from the drop-down menu, then click Trade. The platform will open in a new browser tab.
• Mobile App: On your mobile, go to the Accounts tab, select your OctaTrader account, and press Trade to start using the app. You can also switch between accounts using the drop-down menu.

Step 3: Deposit Funds to Begin Trading 

To start trading, you must first fund your account:

• Go to the Accounts tab and choose the account you want to deposit into.
• Press Deposit to choose your payment method. Octa accepts a variety of methods like bank transfers, credit cards, debit cards, and e-wallets.
• OctaFX does not charge any fees for deposits, but some payment providers may impose their own fees.

Step 4: Use Key Tools of OctaTrader

Here are some essential features to help you trade on OctaFX:

• Chart Window: Shows the current market prices. You can adjust the timeframe and type of chart (e.g., bar, candle, or line) and use different indicators.
• Market Watch: Displays the Bid and Ask prices for available trading instruments. This section helps you keep track of prices for currencies, crypto, indices, and more.
• Setting Alerts: You can set a price alert for an asset, so you are notified when its price hits a set level. This can help you react quickly to market changes.

Step 5: Understanding Stop Loss and Take Profit

Stop Loss and Take Profit are crucial tools for beginners to manage risk:

• Stop Loss: This setting automatically closes your position to limit losses if the market moves against you.
• Take Profit: This automatically closes your position when a profit target is reached.

You can set or adjust these levels anytime while trading. It’s essential to set them correctly to protect your trades and secure profits.

Step 6: Use Octa’s Trading Indicators

To enhance your trading decisions, you can use OctaFX’s built-in indicators for technical analysis. You can add indicators by going to Indicators and selecting the one you need. Indicators help you analyze market trends and make informed trading decisions.

Step 7: Close Your Orders

When you’re ready to close your order:

• Web Platform: Go to the Orders section, select your open order, and click Close Now to close the order, or select Close Partially to close a portion of it.
• Mobile App: Open the Orders tab, find the order you want to close, and press the Close icon.

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How to Start Trading on Octa in South Africa for Beginners

This guide will help you get started on Octa with the MetaTrader 5 (MT5) platform, explaining the key steps to follow and the tools to use. Whether you prefer to trade through a web browser or the Octa mobile app, this OctaFX beginner’s guide will show you how to set everything up.

Step 1: Install MetaTrader 5 (MT5)

To begin, you need to download and install MetaTrader 5 (MT5), as it is the main platform supported by Octa. Here’s how:

• For Windows: Download the MT5 installation file, run it, and follow the instructions.
• For Mac: Download the MT5 installer, double-click it, and drag it into the Applications folder.
• For Web: If you prefer not to download any software, you can trade directly on the web using the MetaTrader Web Terminal.

Step 2: Create an Octa Account

To start trading, you need to create an Octa account. Simply follow these steps:

• Go to the Octa website and click on Open New Account.
• Fill out the required details, such as your name, email address, and phone number.
• You will be asked to choose between a demo account or a real trading account. The demo account is perfect for beginners to practice trading with virtual money before using real funds.
• After submitting the form, you’ll receive a confirmation email. Click the link in the email to verify your account.

Step 3: Log In to Your MetaTrader Account

Once your Octa account registration is complete, you can log in to your MetaTrader 5 account by following these steps:

• Open the MT5 platform (desktop or web).
• Click on File > Login to Trade Account.
• Enter your login and password, which you received via email.
• Select the server specified in your welcome email and click Login.

Step 4: Fund Your Octa Account

To start trading, you need to deposit funds into your Octa account. You can do this by selecting your preferred deposit method. Octa supports multiple payment methods, including bank transfers, e-wallets, and credit cards. Here’s how to deposit:

• Log into your Octa profile.
• Choose Deposit under your Account Settings.
• Select a payment method and enter the amount you wish to deposit.
• Confirm the transaction and your funds will be available to trade.

Step 5: Using the MT5 Platform to Trade

Now that your account is set up and funded, you’re ready to start trading. Here’s how to navigate and use MT5 effectively:

• Market Watch: This section lists all available assets (forex pairs, stocks, commodities, etc.), with their current prices. You can customize this list and select the asset you wish to trade.
• Chart Window: The chart window displays real-time price changes. You can switch between different timeframes, apply technical indicators, and draw trendlines to help analyze the market.
• Order Management: To open a trade, select an asset from the Market Watch, set your lot size, and choose Buy or Sell. You can also set Stop Loss and Take Profit levels to automatically close the trade when a specific price is reached.

Step 6: Apply Risk Management

Risk management is key to successful trading. Use tools like Stop Loss and Take Profit to manage your risks. These settings help you close trades at your desired price, either to limit losses (Stop Loss) or secure profits (Take Profit).

• Stop Loss: Automatically closes your position if the market moves against you.
• Take Profit: Automatically locks in your profits when your set target price is reached.

Step 7: How to Use the Octa Trading Tools

Octa provides a variety of trading tools to help you analyze the market and make informed decisions:

• Economic Calendar: Keep track of upcoming financial events that could impact the market.
• Profit Calculator: Use this tool to estimate potential profits or losses from a trade.
• Technical Indicators: Add indicators like moving averages, RSI, or MACD to help with market analysis.

Step 8: How to Close Your Order

To close your position, simply go to the Orders tab in MT5, select the order you wish to close, and click the Close button. You can also choose to close part of your order if you wish to take partial profits.

How to Trade Indices on Octa in South Africa: A Beginner’s Guide

Trading indices on Octa can be an exciting way to earn from the movements of stock markets. Indices are financial products that track the overall performance of a group of stocks, and you can trade them similarly to Forex. If you’re new to trading indices, don’t worry! This OctaFX beginners guide will walk you through the steps.

What Are Index Derivatives?

An index is a statistical representation of how the price of a set of stocks has changed over time. By trading indices, you are effectively trading the price movements of an entire market or sector without directly trading the stocks themselves. Here’s how it works:

• Price-weighted index: In this index, stocks with a higher price impact the overall index more. For example, the Dow Jones Industrial Average is a popular price-weighted index.
• Value-weighted index: Stocks are weighted based on their market capitalisation. The larger the company, the more influence it has on the index’s movement. The NASDAQ and SPX500 are examples.
• Equally-weighted index: Every stock in this index has the same impact, regardless of its size. An example of this is the SPX500.

You cannot directly buy or sell an index. Instead, you use derivative products to profit from its fluctuations. This means you can trade indices on Octa without owning the actual stocks, using leverage and small deposits.

How to Start Trading Indices on Octa

To trade indices on Octa, follow these steps:

1. Create an Account

First, log in to your Octa account or create a new one. You’ll need to choose a trading platform (like MT5) and set up your account type (Demo or Real).

2. Choose Your Index

Octa offers a variety of indices for you to trade, such as:

• Dow Jones Industrial Index (US30)
• SPX500
• NASDAQ 100 (NAS100)
• DAX 40 (GER40)
• FTSE 100 (UK100)

These indices are popular for short-term trading and are great for traders who like using technical analysis.

3. Select Your Trading Platform

MetaTrader 5 (MT5) is the preferred platform for trading indices. It allows you to place orders, monitor the market, and use advanced tools. You can trade indices on Octa directly via the OctaTrader platform or through the MetaTrader 5 app on mobile or desktop.

4. Deposit Funds

To fund your Octa account, choose one of the available deposit methods (credit cards, bank transfers, e-wallets, etc.). Once funded, you’re ready to begin trading.

5. Open a Trade

Once you have selected your index, go to Market Watch and choose the instrument. Then, decide whether to buy or sell based on your market analysis. Stop Loss and Take Profit orders are essential for managing risk, as they automatically close your trade at predefined price levels.

6. Monitor and Close Your Position

After opening your trade, monitor the index’s price. If it reaches your Take Profit or Stop Loss levels, your position will close automatically. Alternatively, you can manually close it anytime.

Popular Indices Available on Octa

Here are some of the most popular indices you can trade on Octa in South Africa:

1. Dow Jones Industrial Index (US30)

• Symbol: US30
• Trading Hours: Monday to Friday, 1:00 a.m. to 12:00 a.m.

2. SPX500

• Symbol: SPX500
• Trading Hours: Monday to Friday, 1:00 a.m. to 12:00 a.m.

3. NASDAQ 100 (NAS100)

• Symbol: NAS100
• Trading Hours: Monday to Friday, 1:00 a.m. to 12:00 a.m.

4. DAX 40 (GER40)

• Symbol: GER40
• Trading Hours: Monday to Friday, 9:00 a.m. to 11:00 p.m.

How to Use Technical Analysis for Index Trading

Indices, like stocks, respond well to technical analysis, and here’s how you can start:

• Charting Tools: Use the chart window on Octa’s trading platforms to analyze market movements, using various timeframes.
• Indicators: Octa provides a range of technical indicators, such as moving averages, RSI, and MACD, to help you spot trends and reversals.
• Market Watch: This section shows real-time bid and ask prices for the indices you are tracking.

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OctaFX Affiliate Program – Invite-a-Friend Referral Program

If you’re looking for a way to earn extra income, the Octa affiliate program is a great opportunity. By participating in the OctaFX Invite-a-Friend referral program, you can invite friends to join Octa and earn a commission for every trade they make.

How the Invite-a-Friend Program Works

1. Open an Octa Account

• If you don’t have an account yet, open one now. Once your account is created, you’ll have access to your unique referral link.
• Share your referral link with friends via messaging apps like WhatsApp, Skype, Telegram, or on social media platforms like Facebook, Twitter, and Instagram.

2. Earn Commissions for Referrals

• You will earn 1 USD per standard lot traded by any of your referred friends. In addition to this, your friends will receive a 100% deposit bonus when they sign up using your referral link.
• Once your friends start trading, you’ll earn commissions based on their trading volume, which will be credited to your wallet within 24 hours.

3. Transfer Your Earnings

• You can withdraw your commissions or transfer them to your Octa trading account. The minimum amount you can transfer is 5 USD.
• Once transferred to your trading account, you can use the funds to trade or withdraw them to your bank account, depending on your preference.

Invite-a-Friend Program Conditions

1. Eligibility

Any Octa client can participate unless already involved in the Introducing Broker (IB) referral program.

2. Valid Trades

The commission is only paid for valid orders that meet the following conditions:

• The trade must last at least 180 seconds.
• The price difference between the open and close must be 30 points or more (3 pips).
• The trade must not be opened or closed using Partial Close or Multiple Close by.

3. Commission Structure

• You earn 1 USD per standard lot traded by your referral.
• Commissions are credited to your wallet once every 24 hours.

4. Referral Bonus for Friends

Your referred friends will get a 100% deposit bonus on their first deposit. Full details on how the bonus can be used are available on the bonus page.

5. Restrictions

• You cannot refer yourself or your relatives.
• Octa reserves the right to deactivate your referral link if there’s any fraudulent activity.
• If the program rules change, Octa will notify all participants through updates.

OctaFX Affiliate Program – Introducing Broker Program

If you’re looking for an opportunity to earn more and build a solid business around trading, the Octa IB affiliate program is the perfect fit. As an Introducing Broker (IB), you can attract new clients to OctaFX and earn significant commissions based on their trading activity. Here’s how the OctaFX Introducing Broker referral program can help you grow and increase your earnings.

Start Earning Today with the Octa IB Program

• Same Commission for All Assets: Regardless of the asset being traded, you will earn the same commission for every trade made by your referred clients. This makes it simple to predict your earnings and plan your business strategy.
• Consistent Daily Payouts: IBs receive commission payouts consistently every day, which helps you track your earnings and plan your financial goals more effectively.
• More Than 25 Payment Methods: With over 25 different payment methods available, you can easily receive your commissions through your preferred method, whether that’s a bank transfer, e-wallet, or another payment option.
• Up to $12 per Lot = Up to 80% Spread RevShare: For every trade your clients make, you can earn up to $12 per lot and up to 80% of the spread revenue. This makes the Octa IB affiliate program one of the most rewarding affiliate opportunities in the market.

How Much Can You Earn from the Octa IB Program?

With the OctaFX Introducing Broker referral program, your earnings potential is significant. Use the profit calculator to see how much you can earn depending on the number of active clients you refer:

• $12 per Lot
• 61 Active Clients
• $5,856 per Month

Why Octa is Great for Traders and Partners

The OctaFX IB affiliate program is perfect for both traders and partners. Here’s why:

• Low Spreads: OctaFX offers competitive spreads, making it an attractive platform for traders to start and stay with.
• 50% Deposit Bonus: Partners can offer their clients a generous 50% deposit bonus to help them start trading with more capital.
• No Trading Fees or Swaps: There are no trading fees or swaps on OctaFX, making it even easier for traders to keep more of their profits.

How to Start Earning as an Octa Partner

Becoming an Octa IB affiliate is easy. Simply:

1. Apply to Become an Introducing Broker (IB): Start by applying to the OctaFX Introducing Broker referral program. Once approved, you’ll get access to tools and resources to promote OctaFX to new clients.
2. Attract Clients: Share your referral link and attract clients to trade on OctaFX. Use social media, blogs, or direct messages to spread the word and grow your client base.
3. Receive Daily Commission Payouts: Once your clients start trading, you’ll receive consistent payouts based on their trading volume.
4. Earn More: The more active clients you refer, the higher your earnings will be. Build a larger client base and scale your business for maximum profits.

How to Join the Octa Forex Trading Contest in South Africa

If you’re in South Africa and want to take your trading skills to the next level, you can participate in the Octa trading contest in South Africa and stand a chance to win cash prizes. Here’s a simple guide on how to join the OctaFX MT4 trading contest and start trading to earn rewards.

What is the OctaFX MT4 Trading Contest?

The OctaFX MT4 trading contest is a demo trading competition where participants compete for the highest account balance over a set period. It’s open to everyone, and you can join simply by registering with Octa. The contest offers exciting prizes for the top traders, with rewards for the first five winners.

Contest Details

• Next Round Starts: 10 Mar 2025
• Contest Duration: 1 month
• Prizes:
  • 1st place: $500
  • 2nd place: $300
  • 3rd place: $100
  • 4th place: $60
  • 5th place: $40

How to Join the OctaFX Trading Contest in South Africa

1. Log in or Register on Octa

• If you don’t have an Octa account yet, open one by visiting the official website.
• Once registered, go to your Personal Area to access the contest.

2. Create a New Contest Account

• In the Personal Area, create a new account for the contest by clicking the Champion MT4 Demo Contest option.
• The initial deposit for the demo contest account will be 1,000 USD, and you’ll be trading with a leverage of 1:500.

3. Download MT4 or Use the Web Version

• Download the OctaFX MT4 trading platform or use the browser version.
• Make sure to log in with the contest demo account.

4. Start Trading on the MT4 Demo Account

• Begin trading on your MT4 demo account once the contest starts (10 Mar 2025).
• Aim to have the highest balance by the end of the contest.

5. Track Your Progress

• Keep an eye on the leaderboard, which is available on the OctaFX trading contest website.
• The participant with the highest balance at the end wins the main prize.

Contest Rules

• Only those of legal age can participate.
• Each participant must open a new demo account specifically for the contest.
• The contest account follows the following trading conditions:
  • Initial deposit: 1,000 USD
  • Leverage: 1:500
  • Minimum lot size: 0.01 lot
  • No maximum lot size
• There are no swaps or fees, making it easier to focus on your trades.
• Any suspicious or fraudulent trading behaviour, such as using multiple accounts or exploiting market failures, will lead to disqualification.

How to Claim the OctaFX Contest Prize

• The prizes will be paid directly to the OctaFX wallet and are withdrawable.
• The winners must claim their prize within a month after the contest ends. If not claimed, the prize may be forfeited.

How to Do Copy Trading on Octa in South Africa

If you want to trade on OctaFX but don’t have the time or expertise to create your own strategies, Octa copy trading offers a simple and effective way to start making profits. By following professional traders, you can replicate their trades automatically and potentially earn returns with minimal effort. Here’s how to get started with copy trading on OctaFX.

How to Start Copy Trading on OctaFX

1. Create an OctaFX Account and Deposit Funds

First, sign up for an account on OctaFX. Choose any payment method you prefer to deposit funds into your Wallet.

If you already have funds in your Octa trading account, you can easily transfer them to your Wallet using the Internal Transfer option. The Wallet balance shows all uninvested funds, which are available for copy trading.

2. Follow the Best Traders (Masters)

Once your funds are in your Wallet, browse through a list of top traders (Masters) available on the Octa copy trading platform.

Select the traders you want to follow and click “Set up copying.” Their orders will be automatically copied to your account in real-time.

You can also set the deposit percentage to manage your investment portfolio and experiment with copying different traders to see which strategy works best for you.

3. Monitor Your Trades and Profit

You have the freedom to follow an unlimited number of Masters, creating a diverse portfolio for greater stability. You can also adjust or stop copying orders whenever you want.

Keep track of your performance by viewing detailed trading statistics in your Copier Area. This will allow you to evaluate which traders are the most profitable and make informed decisions.

Benefits of Copy Trading on OctaFX

• You don’t need to be a pro trader to benefit from Octa copy trading. Simply follow the right Masters, and their trading strategies will be replicated automatically.
• By following different traders with varying strategies, you create a balanced and stable portfolio.
• You can stop copying, unsubscribe, or close an order at any time, giving you full control over your investments.
• Orders are executed in less than 5ms, ensuring that your trades are carried out without delay.
• You can deposit and withdraw funds safely and quickly using popular payment methods, ensuring that you can manage your investment with ease.

How to Become a Master Copy Trader on Octa in South Africa

If you’re skilled at trading and looking to earn additional income, Octa copy trading gives you the opportunity to let others copy your strategies. This is a great way to earn money by sharing your trading expertise and attracting followers. Here’s how you can become a Master copy trader on OctaFX and start benefiting from your trading success.

How It Works

1. Create a Master Account

To get started, you’ll need to create a Master Account. This can be done by entering the Master Area on your OctaFX profile. You can either start a new account or use your existing trading account if you already have one.

2. Set Up Your Account

Once your account is created, it’s time to set it up for potential copiers. You’ll need to define your commission rate and describe your trading strategy clearly. This helps attract copiers who are interested in following your methods.

Make sure to showcase your trading performance statistics to promote your account and build trust with potential followers.

3. Earn and Track Your Profit

As a Master trader, you’ll earn commission based on the trades that others copy from your account. In the Master Area, you can track detailed statistics on your trades, see how much commission you’ve earned, and adjust your account settings if necessary.

The Octa copy trading platform allows you to see your success and refine your strategy to attract more followers..

Octa Trading Fees and Commissions for South African Traders

If you’re considering trade on OctaFX in South Africa, it’s essential to understand the Octa trading fees and commissions to maximize your trading strategy. In this section, we’ll break down the key costs involved in trading with Octa to help you make informed decisions. Whether you’re a beginner or an experienced trader, knowing these fees will guide you through your trading journey.

Overview of Octa Trading Fees and Charges

OctaFX offers a commission-free trading environment, which makes it appealing to traders who want to avoid extra fees on each trade. However, there are still certain Octa commissions and costs to be aware of. These are mainly based on the spread, which is the difference between the buying and selling price of an asset.

• Octa Forex Trading Fee: The minimum fee for Forex traders starts from 0.6 pips or $6.00 per 1.0 standard lot. However, the average cost for major currency pairs is around 1.0 pips or $10.00.
• Octa Crypto Trading Fee: For cryptocurrencies like Bitcoin, the minimum spread is 0.6 pips, with an average cost of 2.8 pips.
• Octa Commodities, Indices, and Equities: Octa also has competitive fees for trading commodities, indices, and equities. For indices, the fee is as low as 0.2 pips, and for commodities, the fee ranges from 0.3 pips to 1.7 pips.

Commission-Free Environment with Markups on Raw Spreads

Octa uses a commission-free cost structure, meaning they do not charge commissions on trades. Instead, Octa adds markups on raw spreads to cover costs. This approach is suitable for traders who prefer transparency in their trading expenses. Octa commissions are primarily embedded in the spread, and this is how Octa compensates for the absence of a traditional commission.

Swap-Free Trading (No Overnight Fees)

One of the key advantages of trading with OctaFX is the swap-free trading option.

Unlike many brokers that charge overnight fees (swap rates) for leveraged positions, Octa does not impose any swap rates, making it a more cost-effective choice for those who prefer long-term positions or who do not want to worry about the extra costs of holding trades overnight.

This is especially beneficial for Islamic traders who are interested in trading in compliance with religious principles but is also an advantage for all traders looking to minimize costs.

How Currency Conversion Fees Work

Since Octa supports multiple currencies, a currency conversion fee may apply when your account base currency is different from the asset’s currency you’re trading. Octa adds an internal markup over the market spread for currency conversions, which can affect your trading costs.

To reduce these fees, traders may choose to open accounts in US Dollars (USD), as the USD is involved in over 80% of daily Forex trading. This helps avoid unnecessary conversion costs when trading pairs that involve USD.

Non-Trading Fees at Octa

In addition to trading fees, traders should be aware of non-trading fees that might apply to their accounts. Here’s a breakdown:

• Deposit Fee: Octa does not charge any internal deposit fees, so if you deposit $500, you’ll get the full amount in your Octa trading account. However, third-party processing fees (like those from your payment provider or blockchain) may still apply.
• Withdrawal Fee: Similarly, Octa does not charge withdrawal fees. But, just like with deposits, third-party charges for things like blockchain or currency conversion may apply when you withdraw your funds.
• Inactivity Fee: Octa does not charge any inactivity fees, meaning you’re free to trade at your own pace without worrying about being penalized for taking a break from trading.

How to Avoid Unnecessary Trading Costs on Octa in South Africa

• Use US Dollar Accounts: Opening a USD-based account can help minimize currency conversion fees.
• Monitor Spread Costs: Octa trading fees are highly competitive, but make sure to monitor the spreads for specific assets. For example, trading Forex and cryptocurrencies on OctaFX generally offers very low spreads, with fees starting from just 0.6 pips.

FAQs on How To Trade On Octa In South Africa – OctaFX Review 2025

1. What is OCTA trading?

Octa trading refers to the act of buying and selling various financial instruments such as forex, cryptocurrencies, commodities, indices, and more, using the Octa trading platform. Whether you’re looking to trade on Octa in South Africa or globally, Octa provides you with the tools to access these markets and make informed decisions.

2. Is trading OCTA real or fake?

Octa broker is a legitimate, regulated trading platform that has been offering services since 2011. It is well-known for its competitive Octa trading fees and has earned the trust of traders around the world, including Octa forex trading and Octa crypto trading enthusiasts. It is a real and trustworthy broker for traders looking to trade on Octa in South Africa.

3. What is OCTA used for?

Octa is primarily used for trading across five major financial markets: forex, cryptocurrencies, commodities, indices, and stocks. Traders can use Octa to trade on Octa broker with access to various instruments like 52 currency pairs, 34 cryptocurrencies, 10 indices, and more.

4. Is OctaFX safe to use?

Yes, OctaFX is safe to use. It is regulated by prominent authorities such as CySEC and FSCA, ensuring that your investments are secure. The platform also offers robust security measures, making it a trusted choice for Octa forex trading and other financial markets.

5. How do I trade on OctaFX in South Africa?

To trade on Octa in South Africa, create an account on Octa, deposit funds via your preferred method, and start trading. You can trade on Octa broker using their platform, whether it’s Octa MT5 or Octa copy trading for those who prefer following professional traders.

6. Does OctaFX have fees?

Yes, Octa charges spreads, with Octa trading fees starting from 0.6 pips for forex and commodities trading. There are no commission fees, and Octa also offers swap-free trading for all traders.

7. How much is the OctaFX withdrawal fee?

Octa does not charge any internal Octa withdrawal fees, but third-party fees may apply depending on the payment method used for withdrawal.

8. How much is 0.01 lot in OctaFX?

In Octa forex trading, 0.01 lot represents a micro lot, which is 1,000 units of the base currency. The cost in USD will depend on the current market price of the asset being traded.

9. Does OctaFX charge overnight fees?

No, Octa does not charge overnight swap rates. All accounts, including Octa forex trading accounts, are swap-free.

10. How much is the OctaFX minimum deposit in South Africa?

The minimum deposit on Octa is $25. This is an accessible amount for traders starting to trade on Octa in South Africa, allowing them to enter various markets with low capital requirements.

11. Does Octa work in South Africa?

Yes, Octa works in South Africa. Octa forex trading, Octa crypto trading, Octa indices trading, and Octa commodities trading are all available to South African traders. You can easily open an account and start trading.

12. Which trading platform is the best in South Africa?

The best platform for South African traders is Octa, as it offers competitive Octa trading fees, a range of assets to trade, and strong customer support. Octa MT5 is a popular choice for Octa forex trading and Octa crypto trading.

13. How much do I need to trade on OctaFX?

You can start trading with as little as $25, but for optimal trading, a deposit of $100 is recommended. Octa also offers a 50% bonus on your deposit, helping you maximize your investment for Octa copy trading and other strategies.

14. How to create an account in OctaFX?

To create an account on Octa, visit the website, click on “Open Account,” fill in the required details, and verify your identity. After completing your registration, you can deposit on Octa and start trading.

15. How to start OctaFX for beginners?

OctaFX beginners guide: Open an account, fund it, choose a platform like Octa MT5, and start trade on Octa. Begin by trading smaller lots and learn from your experiences.

16. What is the minimum amount to start OctaFX?

The minimum amount to start trade on Octa is $25, although it’s recommended to start with $100 to fully benefit from the trading tools and potential profit.

17. Can I trade on OctaFX without verification?

No, Octa requires identity verification (KYC) before you can start trading. This ensures a secure trading environment for all users.

18. How do I verify my OctaFX account?

To verify your Octa account, submit identification documents (passport, ID card, or driver’s license) and proof of address. This process is part of the Octa withdrawal procedure to ensure compliance.

19. How can I verify KYC?

To verify your KYC, log in to your Octa profile and upload your identification documents and proof of address. Once verified, you can start trading and withdraw funds.

20. Can I use OctaFX without verification?

No, you need to complete Octa account verification before trading or withdrawing funds. Verification is mandatory for all traders.

21. How to activate OctaFX account?

To activate your OctaFX account, complete the registration process, verify your identity, and deposit funds. Once these steps are complete, you can start trading on Octa.

22. How do I deposit money into my trading account?

Log in to your Octa account, navigate to the “Deposit” section, choose your payment method (e.g., bank transfer, e-wallet, etc.), and transfer funds. Deposit on Octa is simple and secure.

23. What is the minimum deposit on OctaFX?

The minimum deposit on Octa is $25, making it easy for new traders to get started with Octa forex trading and Octa crypto trading.

24. How to trade on octa for beginners?

For beginners, start by opening an account, selecting the desired platform (Octa MT5 or Octa copy trading), and selecting the asset you wish to trade. Begin with a small investment and learn as you go.

25. How much money can we withdraw from OctaFX?

You can withdraw as much as you want from Octa as long as your account is verified. Withdrawals are processed quickly, with Octa withdrawal requests typically taking 1-3 hours.

26. Can we withdraw money from OctaFX?

Yes, you can withdraw funds from OctaFX. Simply go to the withdrawal section of your profile, select your preferred payment method, and complete the request.

27. Can I withdraw from OctaFX without verification?

No, you must verify your identity before Octa withdrawal. This ensures the safety and security of your funds.

28. How do I withdraw money from my trading account?

To withdraw, go to your Octa profile, select the withdrawal method, enter the amount, and confirm the request. Your funds will be processed promptly.

29. How to add a bank account in OctaFX?

Log in to your Octa account, go to the “Bank Account” section, and enter your bank details. After this, you can easily deposit or withdraw funds.

30. Which OctaFX account type is best for trading?

For most traders, Octa MT5 offers the best features for Octa forex trading, Octa crypto trading, and Octa indices trading. It’s ideal for beginners and advanced traders alike.

31. How to start trading on OctaFX as a beginner?

Start by signing up for Octa and depositing funds. Choose the right platform, such as Octa MT5 for comprehensive market access, and begin with smaller trades to learn the ropes.

32. How do you trade successfully on OctaFX?

To trade successfully on Octa, use solid risk management, stay informed on market trends, and practice with a demo account before trading with real funds.

33. How can I use OctaFX to make money?

By leveraging Octa trading fees, Octa copy trading, or trading Octa indices trading and other markets, you can potentially earn profits. A disciplined strategy is key to making money on Octa.

34. How should a beginner start trading on Octa Broker?

A beginner should start by opening an account on Octa, selecting a trading platform, and learning basic trading strategies. Using Octa copy trading can also help beginners follow successful traders.

35. How can I become a copy trader on OctaFX?

To start copy trading on OctaFX, sign up for an account, deposit funds, and select the Octa copy trading option to follow experienced traders.

36. How much does OctaFX charge per trade?

Octa charges a spread for each trade, with minimum spreads starting from 0.6 pips. There are no commissions on trades.

37. What are the OctaFX trading fees?

The Octa trading fees are spread-based, starting from 0.6 pips on forex and crypto trades. There are no commissions, and Octa offers swap-free trading.

38. How much is 0.01 lot in OctaFX?

A 0.01 lot in Octa forex trading represents 1,000 units of the base currency. The cost will vary depending on the asset’s market price.

39. How much do I need to start trading on OctaFX?

You need a minimum of $25 to start trading on OctaFX, but a deposit of $100 is recommended for optimal access to trading features.

40. What financial markets can I trade on Octa as a South African trader?

As a South African trader, you can trade on Octa in all five major financial markets: Forex, crypto, stocks, commodities, and indices, including 52 currency pairs, gold and silver, 10 indices, 34 cryptocurrencies, and 150 stocks.

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As a South African trader, you can trade all 5 major financial markets on Octa, including Forex, crypto, stocks, commodities, and indices. You can trade 52 currency pairs, gold and silver, 3 energies, 10 indices, 34 cryptocurrencies, and 150 stocks.