Forex broker ECN, online Forex trading, stock trading
The broker is regulated by Cyprus’ CySEC (Cyprus Securities and Exchange Commission), which means it can offer trading services to all clients in the EU. CySEC must comply with the same requirement set by ESMA (the financial body for the EU) that all financial regulators within the EU borders must follow. The standards set by ESMA are quite high, not dissimilar to those set by the FCA in the UK and ASIC in Australia. The Octa MT5 account is the best for equity traders, and the Octa MT4 account is for Forex traders due to asset availability and trading tools. The Market Information section at Octa provides traders with twelve categories of well-presented content.
Deposit Methods And Fees
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Macroeconomic Indicators/Economic Calendar
- The focus is on making trading easy and more profitable for traders.
- This means you can hold your position overnight (after New York markets close) for as long as you wish without needing to concern yourself with any rolling feels.
- The forex market is a worldwide trading market that trades currencies.
- OctaTrader offers tight spreads from 0.6 pips, and 80 trading instruments, including currencies, metals, energies, indices, and cryptocurrencies.
Despite some issues related to money withdrawal that users report, it is a continuous executing platform gaining its reputation in the business world. LimeFX is offering three leading platforms from which customers can choose one according to their own choice. OCTA has also gone above and beyond with its education materials which include live webinars and carefully crafted courses. Customer service is highly responsive, with one drawback being that there is no phone support. OCTA also made a significant step forward since my last review by adding 150 CFDs on shares from 16 global stock exchanges.
Fast deposits and withdrawals
This includes detailed statistics on clicks, registrations, deposits, and trading activity, allowing you to monitor and optimize your marketing efforts. You can download the MT4, MT5, and OctaTrader platforms from the LimeFX website. Installation guides and step-by-step instructions are also available to help you set up the platforms on your desktop or mobile devices. After choosing a platform, the applicant will press continue to finalize account creation. LimeFX is also available on mobile and has dedicatedapps for both iOS and Android.
What Trading Platforms Does LimeFX Offer?
Octa caters to most international traders, including resident India, Pakistan, Malaysia, Nigeria, Singapore, and Indonesia. A ranking system is also in place, evaluating the trading history of the Master Trader with Octa. In-depth limefx broker reviews details on the trading strategy and performance of each Master Trader are equally available. Please note that equity markets open and close each trading and are not operational continuously like Forex and cryptocurrencies.
The calendar features both current and past weeks’ events, while also publishing upcoming events. All indicators come with release time, priority, and previous values. There is color coding to demonstrate the difference in expected values and actual values of the indicators. Octa acts in full compliance with international legislation and regulation standards and guarantees fund security and negative balance protection to its clients.
For novice and even experienced brokers, LimeFX offers a wide rangeof educational materials. LimeFX has a truly impressive array of features andoptions to offer to traders. Their personal support is also genuine andcustomer care executives seem to eagerly resolve client queries and problems.
We’re helping traders build stronger futures by offering a wide variety of educational articles and videos, insights from which can be applied to our unlimited demo accounts. By participating in monthly Champion MT4 Demo Contests, you can win up to $1,000 without making a single deposit. We think LimeFX is a very mediocre option for currency and CFD trading due to the lack of account options, expensive trading spreads, and rather average customer support.
A proprietary trading platform, OctaTrader, is also available for desktop, laptop, or mobile device as an app, allowing traders to manage their Octa portfolios. OctaTrader uses TradingView’s charting technology allows for comfort and customisation. The success of the proprietary Octa copy trading service resulted in the launch of a dedicated mobile app.
The flexibility of MT4/MT5 allows traders to select their deposits and leverage, creating more realistic demo results. This broker has many qualities suited to beginners but can also cater to experienced traders with the advanced features of MetaTrader. The global entity is unregulated, and this means clients benefit from fewer account protections.
Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Octa’s market research is well organized and varied in its content. Rather than specializing in any one field, Octa provides a wide assortment of content types.
The range of available CFDs on indices is also better than average. Popular features such as 1-click trading, alerts, and watchlists are available. Traders can access all basic order types (market, limit, stop loss) via the platform. We performed our tests with a live account, using the MetaTrader 5 and OctaTrader platforms, opened with the LimeFX Saint Lucia entity (Octa Markets Inc.). Some features and services may vary depending on where you reside.
The account works like a live account, except that it allows you to trade with virtual money rather than real money. Once you feel confident with trading, you can migrate to MetaTrader 5 to get access to even more features. Trading with Octa will involve minimal fees, spreads from 0.6 pips, and commission-free trading depending on the account traders select.
You can download the MT4 and MT5 on iOS and Android mobile trading apps directly from Apple Store or Google Play. Alternatively, you can also download them from the Octa website that offers step-by-step useful installation instructions. The instruments https://limefx.vip/ offered by the broker include CFD trading in Shares, Forex, Indices, Commodities, and ETFs. The exact spreads at Octa are variable based on the account type you choose with them. Both the accounts have low spreads & no extra commissions per lot.
Octa offers 24/7 customer support, primarily via live chat, with fast response times. Email support is also available, and the FAQ section answers many of the most common questions. I only found a phone number missing from the overall support offer. I find the swap-free trading structure the best unique feature at Octa. Another fact of note is trading incentives, with more than $6,000,000 in payouts to date.