Such bonus funds are withdrawable, but you need to trade a certain number of lots before you can actually withdraw them. You can have any number of demo accounts, but inactive ones get closed after a while. We send a letter with a trading password for each of them to your email—just like with the real ones. Demo accounts have $5,000 by default, but you can claim up to $1,000,000 in virtual money and add more later. Yes, Octa pays real money to traders who earn from their trading activities. It also includes $31M in bonus funds Octa paid over the past eleven years.
Octa Customer Support
LimeFX’s low minimum deposit requirements allow everyone to easily trade. Although the minimum varies per jurisdiction, it is relatively a low sum. limefx broker reviews Coming to assets, the company offers a wide array of tradable assets, allowing clients to pick their favorites and suitable ones for trading.
bonus increases your deposit by half
And yes, after reading this article I am even more convinced to jump into trading. Yes, as stated above, LimeFX allow partial withdrawals, meaning you can withdraw funds from your account even if you have open positions. Passionate in contemporary global financial issues, I’m currently active in researching topics on cryptocurrency, forex, and trading strategies. Octa is an international Forex broker that operates worldwide. The domain belongs to a group of companies called Octa Markets Incorporated which is registered with St. Vincent and Grenadines FSA. Currently, the company focuses on Asian, South African, and Australian markets.
Octa Deposit & Withdrawals
The Minimum Deposit can be seen as highly competitive when compared to similar brokers. The account holder can now make their first deposit and the account has been successfully ☑️ created. After pressing the Open Account button, a registration form will appear.
Favourable trading conditions for all Octa trading accounts
Read our full explanation and accounting of our research and testing process to learn more about how we test. Though it has been granted regulatory status in Cyprus and South Africa via an intermediary (Orinoco Capital), Octa’s lack https://limefx.group/ of additional reputable licenses heavily weighs down its Trust Score. Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers.
Octa classifies the MT4 trading account for the Traditional Trader and MT5 for the Innovative Trader. OOcta maintains a selection of 35 currency pairs, 31 cryptocurrency pairs, 5 commodities, 10 index CFDs, and 150 equity CFDs. Octa segregates client deposits from corporate funds and offers negative balance protection. Octa also has been catering to clients from over 100 countries for over a decade. Octa developed a proprietary copy trading service, expanding into a sector that is gaining popularity, especially among younger traders. Its mobile trading and copy trading service apps remain highly popular, with over 10 million downloads.
One of the things that makes Octa unique is its dedication to offering a trading environment that is both user-friendly for novices and adequately stable for seasoned traders. We find the platform to be appealing due to its competitive spreads and incorporation of cutting-edge trading tools. OctaTrader offers tight spreads from 0.6 pips, and 80 trading instruments, including currencies, metals, energies, indices, and cryptocurrencies. Octa only charges internal mark-ups over market spreads, which start from 0.6 pips or $6.00 per 1.0 standard round lot.
From this Wallet, you can transfer it to any of your trading accounts. That said, LimeFX does offer traders negative balance protection. This will help protect you from losing more money that you have in your account. Regulation is one of the most important factors to consider when looking at forex brokers.
With cTrader, users can trade directly with prominent banks globally. It has no restrictions on Stop/Limit levels and allows users to perform multiple functions like reverse, double or close all positions in one click. CTrader has a desktop version, and is also available in apps for android and iOS. The MT5 account, also called innovative account, is an account type for clients with trading expertise. Its trading instruments are inclusive of forex, commodities, indices, cryptocurrencies and stocks.
- You will also find trading available with micro lots, mini lots, and standard lots with the spread variable or floating.
- Neither our writers nor our editors receive direct compensation of any kind to publish information on tokenist.com.
- Coming to assets, the company offers a wide array of tradable assets, allowing clients to pick their favorites and suitable ones for trading.
- The platform also allows you to deposit through Neteller, Skrill, BTC, and wire transfer.
Islamic accounts are designed to comply with religious requirements for Muslim traders. With swaps, you earn interest for keeping trades open overnight, so Islamic accounts must be completely swap-free. With leverage, you can make significant profits much quicker when trades go well—but you can also lose just as quickly if the market moves against your expectations. That’s why some traders might want to limit their leverage to lower the risk. 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 minimum deposit at Octa is $25, higher than many brokers but within a reasonable range.
However, its offerings are limited in comparison with other standard Forex brokers in the market. To safeguard the safety and security of traders’ capital, Octa implements stringent security procedures, such as segregated accounts for customer funds. Yes, Octa accepts South African Rand (ZAR) transactions, allowing local traders to deposit, trade, and withdraw funds in their own currency. The VPS architecture has been precisely developed to accommodate MetaTrader 4 (MT4), a well-known trading platform in the forex community.
And this is mandatory because the term is from the regulator who provides certificate regulations to brokers. Everything from your real name, ID, where your loved ones are, money, job, and information about where your family is from. It’s a good idea to verify your account before depositing funds too. By doing that, you’re being proactive and getting everything in order ahead of time. It helps avoid any potentials or problems when you want to withdraw your hard-earned profits later on. However, your payment provider may charge its own fees and commissions.
I have been in the world of trading for almost 10 years with many brokers that I have tried. In my experience trading at several brokers (including this LimeFX broker), of course it’s better before you make a deposit, it’s better if the account is verified first. It is feared that problems will occur during the deposit process, such as being unable to make a deposit or the funds taking too long to enter the account. Usually, these bonuses come with some terms and conditions, like a minimum deposit requirement and a specific percentage for the bonus. They may also have a maximum bonus limit based on your deposit amount. To get all the deets on the current bonus limits, it’s best to check out LimeFX’s official website or reach out to their customer support.