Traders need to note that the many payment options that are available to them will vary according to the country in which they are based. The broker generally does not charge non-trading fees such as account maintenance fees or deposit/withdrawal fees. However, third-party fees, like those from payment providers, may apply depending on your chosen transaction method.
Octa Trade and Win Giveaway
All commission charges accumulated within one week are paid to the Master’s Wallet on Sundays. If the copied trade volume is bigger than 100 lots, the trade will not be opened on the Copier account. limefx website LimeFX allows Copiers to copy any number of Masters and close any copied trade manually whenever they choose to. The list of all current subscriptions can be seen in the Copier Area.
What is the minimum deposit?
The negative balance protection offered by LimeFX ensures that a trading account’s balance will be brought back up to a positive number if it drops below zero. The risk management system restricts the amount of money that traders may lose to the amount of money that traders have put into the account. This is done to safeguard clients from experiencing financial hardship. LimeFX provides a demo account that enables individuals to explore trading before investing their funds. By creating a LimeFX practice account, users can gain experience and knowledge of how to trade effectively.
Step 3: Email Account Verification.
What kind of commissions can I earn through the Affiliate Program? The broker offers competitive commissions for affiliates, including revenue share and CPA (Cost Per Acquisition) plans. The exact commission rates may vary, so it’s advisable to check their affiliate program details for the latest information. MT4 has several built-in indicators that may be used for technical analysis, and it also can run automated systems known as expert advisers. You have a total of nine distinct timeframes from which to choose. Consequently, Namibian traders will have the opportunity to get acquainted with the functionalities of the platform as well as the dynamics of the Forex market.
- Such a strategy is often known as people-based portfolio, which refers to traders who invest in other traders rather than perform the trades themselves.
- Copiers can also add support funds to protect their investment from market movements.
- The LimeFX trading platform supports a limited number of languages which includes English.
- Octa makes use of segregated accounts to protect their clients’ funds coupled with negative balance protection.
- To open an Islamic Account with LimeFX, you need to register with the broker and contact their customer support to request the conversion of your existing account into a swap-free Islamic Account.
They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR). It’s important to note that minimum deposits and trading costs will also depend on which Octa entity you choose for establishing your trading account. I signed up with LimeFX like every other trader, but i was not disappointed like i was with others, first, it has the fastest withdrawal ever within the twinkle of an eye, likewise deposit. There are no swap charges or commission on overnight trades, so that helps me trade for long with confidence. I also like the fact that they give trading support via telegram platform.
Social Trading – Copy Trading
It would be useful to be able to sort the columns from highest to lowest, but that feature is not yet available when looking at the Master Rating results page. Octa does have a proprietary app for social copy trading (the Octa Copytrading app), yet it still trails behind industry leaders such as IG and Saxo. Check out my picks for the best mobile trading apps in the industry. ForexBrokers.com https://limefx.group/ has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. One of the best platform for forex with quick response of customer service, Happy to be octa family, and thanks to my friend who introduced and guided me to this platform.
It’s worth noting that the expiration date of the proof of address document may differ for different entities under LimeFX Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you’ve passed compliance, you can start exploring LimeFX’s platform. While learning, you can also use global trading times to practice making live buy or sell trades using LimeFX. This hands-on experience can help you gain confidence and become more comfortable with trading.
Regulatory bodies protect traders through reimbursement schemes in case of LimeFX going into insolvency. LimeFX compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like LimeFX to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for LimeFX traders.
Dear Evelyn,Thank you so much for your detailed and positive review! Dear Joshua,Thank you for your glowing review and for sharing your positive experience with our Octa Trading platform. Your satisfaction is our priority, and we’ll continue striving to deliver the best user experience possible.
Our team is committed to providing a seamless and timely service, and we understand how important prompt transactions are for your trading experience. If you encounter the issue again, please share details of specific instances when delays occurred, it would help us investigate and address any issues. To help us achieve a full 5-star rating from you, we would love to hear any suggestions or ideas you may have on features or improvements that could enhance your experience. Your feedback is invaluable to us, and it will help us understand what we can do to better meet your needs. Please feel free to reach out to us at with any additional information, concerns, or suggestions. We’re here to assist you and ensure that your experience with Octa is consistently excellent.
To begin trading cryptocurrency CFDs you need to launch your MetaTrader 4 or MetaTrader 5 account using the login details from LimeFX. LimeFX also features a MetaTrader 5 ECN platform that allows for fixed commissions and spreads from 0.1. LimeFX is compliant with several international legislation and regulation standards. It stores customers’ funds in segregated accounts which ensures that the funds are secure, untouched, and not mixed up with the company’s funds.