The minimum deposit to open an account with OctaFX varies depending upon the selected payment method. However, the suggested OctaFX minimum deposit for each account is $100.
While the company doesn’t charge any commission on deposits, it applies a minimum deposit limit on different payment methods. For example, clients depositing funds using Perfect Money need to deposit a minimum of $25.
OctaFX offers multiple payment methods, including debit cards, credit cards, bank transfers, Skrill, Neteller, Perfect Money, and cryptocurrencies.
Given below is the list of available payment methods and the minimum amount you need to deposit using each payment method. I’ll also mention the accepted currency and average time OctaFX takes to process your deposits for all of the listed methods.
Deposit And Payment Methods
Clients holding a VISA debit or credit card can sign up with the broker for a minimum deposit of $25. The broker allows you to deposit funds in USD or EUR. Usually, it takes between 1 to 5 minutes for deposits to reflect in your account. However, it can take up to an hour under exceptional circumstances.
For Mastercard holders, the minimum deposit amount is $50. Clients can use either of their debit or credit cards to add funds to their accounts. However, the card should have been issued in your name only. Unfortunately, you can’t use someone else’s card to fund your account. All deposits made through Mastercard are instantaneous.
The minimum deposit via Skrill or Neteller is $50. Besides charging no fees or commission on e-wallet payments, the broker processes deposits instantly. Clients can deposit their funds in EUR or USD.
Bitcoin is also one of the supported payment methods at OctaFX. The minimum amount needed to pay through bitcoin is 0.00037000 BTC. Like other payment methods, Bitcoin deposits are free of cost. It is worth mentioning here that crypto deposits could take between 3 to 30 minutes to reach your account.
In addition to Bitcoin, clients can also fund their accounts using Ethereum (ETH) coins. While the broker doesn’t employ any fees on ETH deposits, the minimum amount clients need to add to their accounts with ETH is 0.02000000 ETH. Clients can use the currency converter tool available on the payment page to know the exact amount equivalent to U.S. Dollars. At times, 0.02000000 ETH equals $43.68. Crypto transfers will reflect in your account within 3 minutes to a maximum of half an hour.
Note: Although the broker doesn’t charge any fees on deposits, Perfect Money merchant may charge clients a commission of 0.5% on each transaction.