The safety dossier

Home / Reviews / Octa / Accounts

Octa accounts: which entity holds your money

The account you open decides which legal entity and which regulator stand behind it. Here are Octa's accounts with that in mind.

Regulation: CySEC (372/18); Mauritius FSC (GB21027161); FSCA South Africa (FSP 51913); MISA Comoros (T2023320). How Octa is regulated

Facts last checked . Read the full Octa review.

Accounts

Minimum deposit
$25
Account types
OctaTrader, MetaTrader 5, Islamic/Swap-Free, Demo
Account currencies
USD, EUR
Islamic account
Yes
Demo account
Yes
Professional account
No dedicated retail professional account
Minimum trade size
0.01 lots
Time to open
Typically a few minutes

What this means

Octa runs 4 account types. More choice is not automatically better: the tightest headline spread almost always sits on the account that also charges a commission, so the comparison that matters is the two added together.

Base currencies: USD, EUR. Holding the account in the currency you fund it with avoids a conversion charge on every deposit and withdrawal - a cost that never shows up in a spread comparison.

The smallest position is 0.01 lots. For anyone starting carefully this matters more than the minimum deposit, because it sets the least you can put at risk on a single trade.

A demo account is available. Worth using for the platform rather than the results: fills are simulated, so it tells you how the software behaves but very little about execution.

Questions about Octa accounts

Which base currencies does Octa support?

Octa accounts can be held in USD, EUR. Holding the account in the currency you deposit avoids a conversion charge on every deposit and withdrawal.

What is the minimum deposit at Octa?

The minimum deposit at Octa is $25. It can differ by account type and by the entity you register with.

What account types does Octa offer?

Octa offers 4 account types: OctaTrader, MetaTrader 5, Islamic/Swap-Free, Demo.

Accounts at brokers under the same regulator

More about Octa