Octa Minimum Deposit

Octa has a minimum deposit of RM 100.

Here is a break down Octa’s minimum deposits, accepted payment methods in Malaysia, deposit rules, and everything else you should know before you fund your trading journey.

What is the minimum deposit for OctaFX in Naira?

Octa Minimum deposit for Malaysian-based traders is RM 100, which is applicable for local bank transfer deposit method and as well as FPX e-wallet. Visa cards require a minimum deposit of US$25 while Mastercards require a minimum deposit of €50.

Although from our Octa review Octa offers 3 account types, the OctaTrader Accounts, MT5 Accounts and MT4 Accounts, they all have same minimum deposit requirement. However, they recommends a minimum deposit amount of US$100 to enable you place sizable trades.

Overall, the minimum deposit on Octa in Malaysia depends on the payment method you are using.

Accepted Deposit Methods on Octa Malaysia

Octa offers a range of ways to deposit into your trading account:

1)Credit/Debit Cards (Visa, MasterCard): You can use cards to get money into your trading account. The minimum deposit using a card is US$25 (or your currency equivalent) for Visa cards and €50 for Mastercards. Deposits via cards credited almost instantly (1-5 minutes).

The minimum withdrawal via cards on Octa is US$20, and only Visa cards are supported for card withdrawals. They are processed within 1-3 hours, and may take an additional 30 minutes to transfer the funds. Your card issuer may take a couple more hours to credit your account.

While Octa doesn’t typically charge fees, your bank or card issuer might, so always verify that.

2) Bank Wire Transfers: Octa accepts deposits via local bank transfers in Malaysia. Bank transfers are ideal if you’re depositing larger amounts.

The minimum deposit via bank transfer on Octa is RM 100. Processing times are slower, it can take 1-3 hours for the funds to reflect in your trading account.

Withdrawals to Malaysia bank accounts require a minimum of RM 20. These withdrawals are processed within 1-3 hours and may also take about an hour or more for the funds to reach your bank account, depending on your bank.

Octa doesn’t impose fees for bank transfers, but again, your bank might have charges for outgoing transactions and incoming transactions.

3) E-wallets (FPX): Octa offers another convenient option for Malaysian traders to make deposits to their account, which is the FPX e-wallet. The minimum deposit amount for FPX is RM100, and the funds arrive in your trading account instantly.

However, Octa doesn’t support withdrawals to FPX e-wallets.

Octa doesn’t charge deposit fees for this method either.

Octa Deposit Methods Table

Here is a summary of payment methods accepted by Octa for deposits.

Octa Deposit Rules

1. Deposit Fees: Octa often doesn’t charge deposit/withdrawal fees, however, your bank, card issuer or payment provider might charge independent fee. Double-check with them to avoid surprises.

2. Deposit Time: You can make deposits to your trading account at anytime. Deposits via FPX e-wallets are credited instantly, cards are credited within 1-5 minutes, while bank transfers 1-3 hours to be credited.

3. Payment Source: Always deposit from accounts (bank, cards, e-wallets) held in your own name. Third-party deposits are prohibited.

As standard practice, you will be required to submit your government ID and proof of address for verification.

How do I deposit money into my Octa account?

Step 1) Sign in to your Octa dashboard through my.octafx.com/login.

Step 2) Find the deposit tab and click on it, then choose your preferred payment method.

Step 3) Enter the amount you want to deposit and provide the necessary details required.

Step 4) Review the selections you’ve made, then confirm deposit to initiate it.

Comparison Of Octa Minimum Deposit With Other Brokers

Here is a comparison of Octa minimum deposit with that of their competitors.

Octa Minimum Deposit Malaysia FAQs