OctaFX Trading App: How to Fully Use The Ap


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OctaFX Trading App: How to Download, Register, Login, and Trade

In this article, we will learn how to use the OctaFX trading app to create a demo account, open a real account, fund and withdraw money, and trade with MetaTrader 4 and MetaTrader 5. We will also discuss how to copy trade on OctaFX.

OctaFX Trading App

OctaFX, established in 2011, is a versatile CFD (Contract for Difference) platform that provides trading options for 28 currency pairs, 2 precious metals, 2 energy commodities, and 10 indices. It offers traders a maximum leverage of up to 1:30. It is available for download on Android and iPhone, which is also easy to access and start trading and would be stated in the article below

To get the OctaFX trading app, you go to either the Play Store for Androids or the App Store for iPhones and search on OctaFX or click on download.

Register For the OctaFX Trading App

To register for OctaFX, follow these steps:

  1. Open the OctaFX app by clicking on its icon.
  2. On the screen, you will see the Google sign up option, Facebook option, and email. You can use any option of your choice, but if you want to log in to an existing account, you should click on the email option, where you will see the choice of sign up and log in.
  3. After selecting your option, fill in your details in the app, including your name, email address, phone number, and a password.
  4. Verify your email or phone number, as OctaFX requires verification for security reasons.
  5. Accept all the terms and conditions.

Once you have completed these steps, you will have a new OctaFX account.

Login to the OctaFX Trading App

To log in to OctaFX, follow these steps:

  1. Open the OctaFX app.
  2. Click on the email option.
  3. Swipe to the right to view the login option.
  4. Enter the email address and password that you used to register for your OctaFX account.
  5. Tap the Login button.

If you have forgotten your password, you can reset it by clicking on the Forgot password? link on the login screen.

Create a Demo Account in the OctaFX Trading App

OctaFX is a popular forex broker that offers a demo account so that new traders can practice trading without risking any real money. This is a great way to learn about the markets and test your trading strategies before you risk any real money. To create a demo account, follow these steps:

  1. Open the OctaFX app.
  2. On the home of the app, swipe left to go to the DEMO section.
  3. Tap on the plus floating button at the bottom right corner.
  4. Select either to open an OctaTrader, Ocata MT5, or OctaFx MT4 demo account.
  5. Tap the configure button.
  6. Select the currency: USD or EUR.
  7. Select the leverage and you will be given a demo amount of $5000 or you can set a custom amount.
  8. Tap on the CREATE TRADING ACCOUNT button.

If you selected the MT4 or MT5 account, you will be given the login details, which include your login ID and password. You will need this information to log in to the MT4 or MT5 app. If you forget your login details, you can check your email inbox for the server information, login ID, and password.

Once you have created your demo account, you can start practicing trading with virtual funds.

Open a Real Account

To create a real account on the OctaFX app, follow these steps:

  1. Open the OctaFX app.
  2. On the home of the app, swipe to the REAL section.
  3. Tap on the plus floating button at the bottom right corner.
  4. Select either to open an OctaTrader, Ocata MT5, or OctaFx MT4 demo account.
  5. Tap the configure button.
  6. Select the currency: USD or EUR.
  7. Select the leverage.

If you select the MT4 or MT5 account, you will be given the login details (login ID and password). Use these details to log in to the MT4 or MT5 app. If you forget your login details, check your email inbox.

Fund a Real Account on OctaFX

To fund a real account on OctaFX, you must first have created a real account. Once you have done so, you can follow these steps:

  • Open the OctaFX app
  • Swipe to the REAL section.
  • Tap on the real account that you just created.
  • Tap on the Deposit context menu.
  • Select your payment method.
  • Pay in the amount that you want to fund into the account.

After that, you should see your money instantly, and if it doesn’t, wait a little longer for it to arrive. Then, refresh the app. Once your money is credited, you can use it to trade on your real account.

withdraw money from the OctaFX App

To withdraw money from the OctaFX app, follow these steps:

  1. Open the OctaFX app.
  2. Swipe to the REAL section.
  3. Tap on the real account card that you want to withdraw from.
  4. Tap on the Withdrawal context menu.
  5. Select the payment method that you want to withdraw to.
  6. Enter the amount that you want to withdraw.

OctaFX does not charge any internal withdrawal fees, but you may be charged a fee by the payment processor that you choose. So, from here you can withdraw to any payment method that you have. Either Local Bank transfer, Skrill, Neteller, Cryptocurrencies, or more.

Trade with OctaFX Using MetaTrader 4 and MetaTrader 5

To trade with OctaFX Using MetaTrader 4 and MetaTrader 5, you will need to:

  1. Open a trading account with OctaFX.
  2. Download and install the MetaTrader 4 or MetaTrader 5 platform on your computer or mobile device.
  3. Log in to your OctaFx trading account login details in MetaTrader.
  4. Select the currency pair that you want to trade and open an order. You can do this by clicking “Buy” or “Sell” to open the order.
  5. Monitor your order and close it when you reach your profit target or stop loss level.

So, you just have to repeat these steps for you to trade with OctaFX Using MetaTrader 4 and MetaTrader 5.

Copy trading

OctaFX has shown to be very tasking for some users who haven’t gotten a full insight into the trading platform. Some users even seek for trades to put by asking their pairs. With that, OctaFX was able to bring about an app that lets you sync trade positions opened and managed by other individuals in the trading market. This allows traders to copy specific strategies by transferring a portion of the funds from the trader who is copying to the account of the investor being copied

How to Copy Trade on OctaFX

To copy trade on OctaFX, you will need to:

  • Download the OctaFX Copy Trading app. It is available on Google Play Store and the Apple App Store
  • The OctaFX Copy Trading app will show you a list of all the traders who are available for copying. Choose a trader to copy. This includes their trading history, risk score, and commission rate.
  • Set your copy parameters.
  • Monitor your investment.
  • Repeat.

You can stop copying a trader at any time by clicking on the “Stop Copying” button in the OctaFX Copy Trading app. Also, if you don’t want to copy anyone trade and trade on your own. You might want to join a community that will help you with that. Something like StockTwits, which is like twitter for traders. You can share your trading ideas and get to see other people’s ideas too.