How can I transfer money from OctaFX to India?

How can I withdraw money from OctaFX in India?

Select the account you want to withdraw money from on the main screen. Then press Withdraw. You will see a full list of payment options available in your region.

As per regulation an indian citizen can only trade on broker platforms which are approved by SEBI and RBI and can only trade in INR pairs such as USDINR, JPYINR, EURINR…. Hence it is illegal to trade on octafx.

Can I withdraw money from OctaFX?

OctaFX offers market execution of less than a second, no commission on deposit and withdrawal, lowest spreads in the industry, various deposit and withdrawal methods, negative balance protection, and a wide range of trading tools. Please find out more here.

Can OctaFX be trusted?

OctaFX is considered high-risk, with an overall Trust Score of 59 out of 99. OctaFX is not publicly traded and does not operate a bank. OctaFX is authorised by zero tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). Learn more about Trust Score.

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Who owns OctaFX?

European CEO spoke to Joanna Archer, Product Owner at OctaFX, to learn more about the sector’s coming challenges and opportunities.

Conclusion: Olymp Trade is legal in India

Trading forex and fixed-time trades are still one the most profitable ways to make money over the internet in India, and a good broker makes your trading trajectory much easier. Olymp Trade is one of such good brokers.

Which trading app is best in India?

Top 10 Best Trading App In India

  • Upstox pro app. …
  • Angel Broking online trading app. …
  • Edelweiss online trading app. …
  • Stoxkart online trading app. …
  • Astha Trade Wave trading app. …
  • Fyers app. …
  • ANT Mobi – Alice Blue Mobile Trading App. …
  • Samco StockNote app.

Is trading illegal in India?

Forex trading in India is illegal where there is no involvement of Indian Rupee. You can trade with involvement of Indian Rupees like USDINR, EURINR, GBPINR or JPYINR. The reason for sharing this information with you all is, in future you may be under such trap.

What is the minimum withdrawal for OctaFX?

The minimum for withdrawal is ₦1,750.00. The withdrawal made with this methods can take few days time. Credit/Debit Card: Traders can also receive funds in their cards, if you have used this method to add funds.

How do I transfer money to OctaFX?

How to make a deposit to your OctaFX Forex trading account

  1. Log into your Personal Area and press Deposit. The Deposit button is at the top of the main menu and the right-hand menu on both mobile and desktop versions of our site.
  2. Select the account you want to make a deposit to.
  3. Choose your preferred transfer method.
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What is OctaFX wallet?

WALLET. Is a central financial repository for OctaFX clients. You can deposit funds to it and parcel them between your trading accounts or Masters, or use it for accumulating profit from trading accounts and Copytrading, to withdraw it all together.

Can we withdraw money from trading account?

Login to the trading account linked to your Demat account. Go to the ‘funds’ or ‘accounts’ section and click on it. You will be presented with two options- add funds or withdraw funds. To initiate transfer of money from Demat account to bank account, click ‘withdraw funds’.

How do I withdraw money from my trading account?

How to withdraw money from a brokerage account

  1. Log in to your account on your broker’s site.
  2. Go to the transfers page. Where you find this option depends on the broker you use, but it’s usually on the main navigation bar.
  3. Choose the amount and the withdrawal method.
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