Octa offers barely 230 tradeable instruments, which varies by platform, with the most on its MT5 offering. By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments. Octa has made great strides with its pricing options for traders and its educational content, but suffers from a limited range of tradeable instruments.
How to open an Octa account – Step-by-Step Guide
Although increasing your margin could boost your market exposure, it also raises your vulnerability to losses. The minimum deposit required to start trading with Лайм ФХ is $25. However, Лайм ФХ recommends depositing at least $100 to have a better trading experience.
What Trading Platforms Does Лайм ФХ Offer?
Processing times range from instant to a few hours, which is better than average for the industry. OCTA excelled in the category of fees, with tight spreads in CFDs on forex and shares. It also bucks the industry trend by not charging swaps or inactivity fees.
Account Application
For both trading accounts (Лайм ФХ MT4 and Лайм ФХ MT5), all fees are reflected in the spread – there are no additional commissions charged. With 54B+ trading volume and 933K+ positions opened, Alvexo has grown to accommodate an ever-growing 300K+ members. This review will explore the broker’s regulations, online trading fees, safety policies, leverage, spread, deposit & withdrawal methods and account opening processes at Alvexo. The broker also offers wonderful features that are unique to the company alone. In addition to keeping the client’s investments safe and separate from its capital, the broker ensures maximum transparency. However, the company’s offshore entity is not regulated by a tier 1 regulatory body, which offers a less sense of security.
We launched our trading app on iOS
- Trading platforms offered by Octa are MT5 & MT4, and they don’t offer cTrader, but they have their own proprietary platform – OctaTrader.
- By participating in monthly Champion MT4 Demo Contests, you can win up to $1,000 without making a single deposit.
- We tried to go through the process of opening and funding an account as an Australian resident (where we are located).
The video course provides a sound introduction to forex and forex trading, helping beginner traders to grasp things quickly. While the free webinars allows clients to learn from https://limefx.biz/ veteran traders one-on-one, at a scheduled time. For articles, a handful exists bordering a wide range of topics ranging from risk management procedures and trading techniques.
There are 35 currency pairs to trade for most traders across the globe, but only 28 pairs are available if you live in the European Union. While 35 pairs mean Лайм ФХ offers all the popular pairs to trade with, less popular pairs can be more volatile which means more opportunity to profit from this volatility. Both accounts offer most features found in a standard account with similar types of brokers.
However, its offerings are limited in comparison with other standard Forex brokers in the market. The spreads for most instruments are about the same with both the account types at Octa. There is not much different in these account types other than the platform. If you want to trade on MT4, then choose MT4 account, but if you prefer MT5, then choose MT5 account. Octa offers traders a range of content for research through the Traders’ Tools section. Customer Support is offered through Live Chat and E-mail from Monday to Friday for 24 hours.
The minimum deposit amount required to register an Octa live trading account is USD 25. Octa provides live trading accounts – the Octa MT5, Octa MT4, and OctaTrader accounts. The MetaTrader 5 mobile app also provides many order types, including pending and stop orders.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. It’s worth noting that Octa’s primary execution venue is one of its own entities in St. Lucia. The modes of making deposits and withdrawals are limited for South African. Their trading assets are also restricted in comparison with other brokers. Octa mobile trading apps are useful for both advanced and beginner traders. Octa also offers you its proprietary mobile app the Octa Trading App.
OCTA does not currently charge swap fees – the charge for holding leveraged positions overnight. The EU entity of OCTA clearly states its regulatory status in the website’s footer. The offshore entity also references its corporate registration number with the Saint Lucia authorities at the bottom of each page. However, there is room for improvement in terms of being clear about the unregulated status of the offshore entity.
The trading interface of the mobile app is quite basic, yet it is functional. It is divided into quotes; market data, chart, trade and history. Its charting allows users to do analysis just as with a limefx scammers desktop. Its only limitation to client is its small screen resolution, hence, making deep technical analysis somewhat difficult. There is a very high degree of risk involved in trading securities.
The instruments offered by the broker include CFD trading in Shares, Forex, Indices, Commodities, and ETFs. Octa takes it further and offers swap-free trading in its MT4/MT5 accounts. This makes a tremendous difference to leveraged traders who keep positions open overnight.
Learn about the current trends for different pairs from the Octa experts and open orders on the same screen to save time and effort. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.
As this subsidiary is not regulated, OctЛайм ФХ can be called an offshore broker. There is one very interesting feature with both these accounts and it’s not something we have exactly seen before. Лайм ФХ has no swaps – yes you read that right, none, zip, zero, zilch. 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.