The OctaFX forex broker is among the top 100 trading platforms around the world. This trading service does provide many facilities for you, which include Crypto trading, Islamic trading. In addition, this trading broker operates safely within all the regions of South Africa. Regulated by FCA, OctaFX allows you to trade in 28 currency pairs and is accessible 24 hours a day. However, what is the OctaFX Minimum Deposit ZAR?
OctaFX Minimum Deposit ZAR
You have to pay only USD 100 in terms of the OctaFX minimum deposit fee. However, the latter, when calculated in South African currency, equals 1450. That’s why the Octafx minimum deposit fee is 1450 ZAR. In addition, we compare OctaFX minimum deposit ZAR to other brokers. It seems pretty low to us. Therefore, Octafx brokers allow newbies and small retail traders to work on their network.
Furthermore, OctaFX provides a cTrader platform to their professional forex marketers. Thereby, we concluded that OctaFX offers a very reasonable minimum deposit to its clients and encourages new traders to join their business.
What is the OctaFX Deposit fee and methods?
OctaFX gives limited exposure to its customer, but it is a popular forex broker within South Africa due to its trading services. Some of the deposit methods of Octafx are
- FasaPay
- CryptoCurrency
- Skrill
- Visa
- Bank wire transfer
- Bitcoin
- Neteller
In addition, once you have deposited the amount by your OctaFX account, it will take one to three hours to process your payments. Furthermore, OctaFX keeps its customers’ funds in a separate account due to their strict regulations. Therefore, OctaFX is a trustable network, and you can invest your money here without any threat or scam.
The other good news for you is that you have to pay a zero deposit fee at OctaFX. However, if you are working with third parties, you might have to pay a withdrawal or deposit fee to OctaFX. But the latter applies in only rare cases.
What is Octafx minimum withdrawal amount?
OctaFX doesn’t limit you to adding a specific amount of funds to your account or withdrawing them. Thereby, the deposit or withdrawal amount is unlimited unless if you won’t cross the free margin.