LimeFX Review

If you are of the Islamic faith meaning you comply with Sharia law then this account is one of the best options on the market. Many brokers offer a swap-free account and while we are not experts in sharia law, we suspect they may not be truly sharia compliant. This is because the swap has been replaced with a periodic administration fee meaning you receive a charge every certain number of days you hold your position open. We suspect this administration fee could still be a type of riba.

OctaTrader Account

The broker provides comprehensive trading tools and features that traders can leverage to optimize their trading strategies. Additionally, Octa offers impressive customer support to assuage any potential challenges traders might face. Dear El Tyuthwana,Thank you for taking the time to rate and provide feedback on the Octa Trading platform.

Does OCTA provide VPS?

Select from the crème de la crème of Forex Masters to enrich and diversify your trading portfolio. At the core of Octa lies an unwavering mission to render supreme services facilitating seamless access to the Forex market. Our raison d’être revolves around empowering you with essential acumen and prowess, enabling proficient and responsible trading experiences. Octa is a trusted global broker that offers a user-friendly platform, and a wide selection of tradable instruments. Octa acts in full compliance with international legislation and regulation standards and guarantees fund security and negative balance protection to their clients.

Best forex brokers by country

1. This includes detailed statistics on clicks, registrations, deposits, and trading activity, allowing you to monitor and optimize your marketing efforts.
2. Octa utilizes MetaTrader 5 as its gateway to a more intricate trading realm, expanding upon the advantages of previous versions.
3. First off, you will notice when you are trading at LimeFX that the broker website has a huge FAQ section which in itself covers a range of topics with dozens of answers to the most common questions.
4. A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital.

The broker has a minimum deposit of 480 NAD or an equivalent of $25 when you register a trading account. The broker’s customer support is available 24 hours a day, 7 days a week to help traders in any way that they can. The finance department of LimeFX operates from 6 am to 10 pm (EET) Monday to Friday, while the Account Verification department works from 8 am to 5 pm, Monday to Friday. The broker generally does not charge non-trading fees such as account maintenance fees or deposit/withdrawal fees.

The broker offers three dynamic and customizable trading accounts to traders in Namibia, and they may select whichever one best suits their needs. According to the trading approach, level of experience and level of knowledge, as well as trading style, each of these two types of trading accounts is best suited for a different kind of trader. Be at ease if you are a beginner; LimeFX is a beginner friendly broker. Since LimeFX is offering three different types of platforms, that is, MetaTrader 4, MetaTrader 5, and cTrader, the conditions of commissions and costs vary depending upon the account. One thing that stood out to me about this broker during my review was the ease of use.

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. Copiers must fund their copy trading account before following Master Traders.

South African traders signing up with Octa are registered under FSCA regulation. But since they are not approved ODP, this makes them moderate risk broker for SA traders. 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. limefx scam With Octa, delve into trading the most renowned indices, such as Dow Jones, NASDAQ, Nikkei, and Eurostoxx 50, each serving as a representative of different segments of the global economy. These indices allow traders to speculate on the performance of the constituent companies, offering a diversified exposure compared to trading individual stocks.

The broker also offers copy trading services an accessible minimum deposit. Octa does not charge account opening or administrative fees, but traders must pay spreads on assets, which is the standard business model at commission-free brokers. Octa grants one significant advantage https://limefx.club/ as it provides swap-free trading for all traders. Traders conduct all financial transactions from the secure back office, and Octa does not charge deposit or withdrawal fees. Third-party costs may apply, and I recommend traders check with their preferred provider.

The minimum deposit at Octa is $25, higher than many brokers but within a reasonable range. Traders can typically open an Octa account in less than 15 seconds. They may also use their Google, Facebook, or Apple accounts to sign-up. Account verification is mandatory, and most traders will complete it after sending a copy of their ID and one proof of residency document. Octa allows revenue share, where copiers only pay a fee on profitable trades or fixed revenue per lot, where a trading charge applies irrelevant to the outcome. Copiers may use the filter to evaluate the Master Traders most suitable based on the commission structure.

Moreover, Octa offers opportunities for cryptocurrency trading, featuring popular cryptos like Bitcoin, Litecoin, and Ethereum. However, it’s important to note that Octa does not currently offer trading in stocks, ETFs, futures, bonds, or options. In terms of commodities, Octa presents opportunities to trade in energy products, precious metals, and others. For those interested in trading indices, Octa provides access to some of the world’s major indices. Forex trading is a major focus, with over 52 currency pairs available, encompassing major, minor, and some exotic pairs. Octa offers a broad spectrum of tradable instruments to cater to different trading interests and strategies, though it doesn’t include all potential asset classes.

They are available 24/5 to assist you with any inquiries or issues. Traders have the option of making deposits using funds from their bank accounts, debit or credit cards, electronic wallets, or cryptocurrency wallets. 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. LimeFX does not charge any fees on either deposits or withdrawals. Namibian traders, however, may face processing fees from their payment provider or banking institution.

LimeFX may not have a huge market share in Namibia, but the broker nonetheless serves both novice and experienced traders from the area. Subsequently, LimeFX is ranked among the Top 50 brokers for Namibia. ForexBrokers.co.za is a broker comparison & education website for South Africans. We aim to help traders in South Africa find the best forex brokers. The modes of making deposits and withdrawals are limited for South African.