Octafx Broker Account Types!

[papia09]

Let us discuss about two such accounts in detail-

 Micro Account- For beginners, this is the most apt account. The benefits you get with this type of account are-

 The starting minimum deposit is only $5, hence you need not make a initial huge investment

 No issues related to requotes

 The floating spread begins from 0.2pips

 Leverage is up to 1:500

 The minimum volume for investment is 0.01 lot

 Expert advice always available

 ECN Account-This kind of account is more apt for more knowledgeable traders and offers brilliant trading conditions like-

 Order execution possible in less than 0.1 seconds

 No issues related to requotes

 The minimum deposits are $50.

 Execution order in less than a second

 Can trade in gold/silver/28 different currency pairs

 Access to real interbank liquidity

 Stop out level at 15%

 Option of 5 digit quotes

 Margin call level at 25%

So depending on your trading pattern and your knowledge, you could choose the kind of account you would like to hold.

[John Bryce]

When I started I hardly had much investment to depend upon, therefore I select using Micro account and at that point I was not entirely happy as I thought it would have loads of restrictions and no benefits at all but ever since using the Micro account, I don’t want to switch to normal one, as OctaFX has provided so much like you mention that it is tough to switch to any other account, only with 5 USD investment we get treatment like 50-60k!

[Gloria]

I like that kind of financial leverage. Fresh has 1:1000 and as for me, it's a little bit risky.

[Rajesh]

I use regulator type trading account of TradingBanks broker, although I wanted to start with standard type trading account. But, my trading capital is not appropriate for trade with standard type trading account. Whatever, I am really happy on this ECN broker as I get true ECN trading environment into this regular type trading account.