The 9 available OctaFX deposit and withdrawal methods allow traders to fund their MT4, MT5, and OctaTrader trading accounts with bank cards (MasterCard), cryptocurrencies (BTC, ETH, USDT), and e-wallets.
The minimum funding amount is $50, while the minimum payout amount can be as low as $5. The processing time varies depending on the chosen method, ranging from 1 to 3 hours.
What Are the Available Payment Methods for OctaFX?
OctaFX provides traders with diverse payment methods, ensuring that you can easily fund your account or withdraw your earnings. OctaFX brokerdeposit and withdrawal options:
- Bank cards
- Cryptocurrencies
- Electronic wallets
Before learning about the availble methods, read OctaFX registration to set up your account and get ready to deposit funds.
Bank card
Bank card deposits are a popular funding method for many Forex brokers. OctaFX supports deposits via MasterCard credit and debit cards, allowing traders to easily top up their accounts.
Please note that bank cards aren’t accepted for withdrawals, and you must complete OctaFX verification before making a deposit.
Cryptocurrency
Cryptocurrency transactions offer enhanced privacy and fast processing times. OctaFX supports 5 popular cryptocurrencies for account funding and payouts. Cryptocurrency options for OctaFX payments:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Tether (ERC20)
- Tether (TRC20)
- Dogecoin (DOGE)
The OctaFX USDT ERC-20 deposit method is a fast funding option that allows traders to fund their trading account in a quick three-step process with a $0 commission.
Electronic Wallets
E-wallets like Skrill and Neteller offer a convenient middle ground between traditional banking and cryptocurrencies. OctaFX E-wallet payments features:
- Minimum deposit: $50
- Minimum withdrawal: $10
- Processing time: Instant for deposits, 1-3 hours for withdrawals
- Fees: Free
OctaFX Minimum Transfer Amounts and Commissions
Traders seeking cost-effective payment options will appreciate OctaFX's low minimum deposit requirement and $0 fee policy. OctaFX payment fees:
Payment method | Minimum funding amount | Minimum payout amount | Top up and cash out fees |
MasterCard | $50 | (Not Available) | Free |
Skrill | $50 | $5 | Free |
Neteller | $50 | $5 | Free |
Litecoin | 0.3 LTC | 0.11 LTC | Free |
Bitcoin | 0.00037 BTC | 0.00009 BTC | Free |
Ethereum | 0.02 ETH | 0.005 ETH | Free |
Tether | 50 USDT | 10 USDT | Free |
Dogecoin | 230 DOGE | 75 DOGE | Free |
While OctaFX doesn’t charge payment commissions, Third-party payment providers might.
OctaFX Payments Processing Times
Processing times can vary depending on the payment method you choose. OctaFX deposit and withdrawal times:
Payment method | Funding time | Payout time |
MasterCard | Instant | (Not Available) |
Skrill | Instant | 1 to 3 hours (up to 5 minutes to transfer funds |
Neteller | Instant | 1 to 3 hours (up to 5 minutes to transfer funds |
Litecoin | 3-30 minutes | 1 to 3 hours (up to 30 minutes to transfer funds |
Bitcoin | 3-30 minutes | 1 to 3 hours (up to 30 minutes to transfer funds |
Ethereum | 3-30 minutes | 1 to 3 hours (up to 30 minutes to transfer funds |
Tether | 3-30 minutes | 1 to 3 hours (up to 30 minutes to transfer funds |
Dogecoin | 3-30 minutes | 1 to 3 hours (up to 30 minutes to transfer funds |
OctaFX vs Other Brokers (Payment Options Comparison)
The table below provides a comparison of the available payment and payout options in OctaFX and other Forex brokers.
Payment Methods | OctaFX Broker | |||
Visa & MasterCard | Yes | Yes | Yes | No |
Cryptocurrencies | Yes | No | No | No |
E-wallets | Yes | Yes | Yes | Yes |
Bank Transfers | No | Yes | Yes | Yes |
Local Payment Options | No | No | No | No |
TF Expert Suggestion
Our detailed review of OctaFX deposit and withdrawal revealed that the 5 cryptocurrency options are the most convenient payment methods for traders.
Traders can instantly fund their account with BTC, ETH, USDT, LTC, and DOGE and pay $0 commissions.
If you are interested in funding your account with crypto, we suggest reading the OctaFX TRC-20 depositguide on the OctaFX tutorial page.
