Please do not hesitate to contact our support team via live chat or by emailing us at We are always here to assist you and ensure you have a seamless trading experience.Kind regards,Octa Rep. Thank you for taking the time to rate and provide feedback on the Octa Trading platform. Should you have any further inquiries or require assistance, please don’t hesitate to contact us via live chat or by emailing Our team is available to assist you at any time.Kind regards,Octa Rep.
EUR/USD trades close to 1.0900 as Fed rate-cut bets shoot
We truly appreciate your positive feedback and insights about your enjoyable experience with our Octa Trading platform. Knowing that you find our services efficient brings us great joy. We’re delighted that our services have met your expectations and that you’re enjoying the benefits we offer.
Trade on the go with the Octa trading app
The retail part of the Forex market is all about making profit. When you feel like you have enough experience in trading on demo accounts, and when you make steady profits from session to session, we recommend you move on to making real money on real trading accounts. Forex trading can help you earn, but it is inherently risky. To practise your trading skills safely, try opening a risk-free Forex demo account before creating a real one. With the Octa demo account, you get a full trading experience while using only virtual funds without risking any real money. Just sign up and create a new demo account in a few quick steps.
Local banks payments first introduced
- Octa Markets Ltd is the brand’s international entity based in Mwali, and it provides limited regulatory protection, as the Mwali International Services Authority (MISA) is not known to be an efficient regulator of forex brokers.
- Your reference to our platform as your „guardian angel” truly warms our hearts.We are equally pleased to hear that Octa has been a reliable source of income for you.
- With the Octa trading app, you can invest in currencies right on the go.
- Examples of these indicators are moving averages, parabolic SAR, and Bollinger Bands.
- 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.
- Steven Hatzakis is the Global Director of Research for ForexBrokers.com.
And, regardless of where you live and how much money you have, you can succeed in the industry if you are patient and willing to learn. Assume that you are an American citizen, who is travelling to Japan for leisure. You have $1,000 and the exchange rate for the Japanese Yen is $1 for ¥100. At the airport, you exchange your dollars into yens, and you get ¥100,000.
If you are still unsure where to start, check out our introductory video course. The best time to trade specific Forex pairs depends on the active session. To maximise your profits, learn about trading sessions and adjust your orders accordingly. The global currency market is divided into four major trading sessions. They slightly overlap, allowing you to trade most major and minor Forex pairs almost 24/5, with just a brief recess.
The Octatrading app
Minimum deposits at Octa will vary depending on your country of residence and your chosen payment method. 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. Founded in 2011, Octa holds a regulatory license in Europe via its Cyprus-based entity – Octa Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC). Your account may be eligible for certain CySEC protections – in the extraordinary event of Octa Markets Cyprus Ltd.’s bankruptcy, for example, you’ll be protected for up to 20,000 euros from the Investor Compensation Fund (ICF). In South Africa, Octa provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA).
We aim to make that period more accessible for you with our free Forex trading lessons. Octa is an up-and-coming broker that has been in operation for nearly 10 years. Its growth has enabled Octa to continue to expand its limefx courses scam products and services. Adding additional regulatory licenses in Tier-1 jurisdictions would be a step toward winning more client trust. We are constantly improving our product to make your trading experience better.
Founded in 2011, Octa (formerly LimeFX) is part of a group of global entities, which include Octa Markets LTD (based in the island of Mwali) and Octa Markets Cyprus Ltd (based in Cyprus). Octa also provides financial services through its intermediary, Orinoco Capital (based in South Africa). 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.
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. Octa (formerly LimeFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform. Octa is a reliable broker with over 11 years of experience, and we care about the safety of our users’ funds.
It’s worth mentioning that the broker does have a blog and a YouTube channel, yet I was still left wanting more. With online trading, brokers like LimeFX provide traders from around the world with liquidity, tools to analyse hundreds of pairs, tools to initiate and close transactions, and tools to manage the risk. Each currency trading platform has specific features that define your experience.
We abide by the AML guidelines, and our team is still checking your account. Once it’s done, your account will be activated, and you can continue trading. Please feel free to reach out to us in Live Chat for updates.Kind regards,Octa Rep. No, you can start trading right after you sign up and create your first demo account with Octa. Demo accounts are free, and your virtual funds are unlimited. Forex trading is a risky business and it is possible to lose more money than you invested.
The other price is known as the ask price and is usually the price which the broker will sell the base currency in exchange for the quote currency. The bid price is always smaller than the ask price and the difference between the two is known as the spread. To close an order in the app, select the Orders tab at the bottom of the screen, find the order you want to close, press the Close icon (with a circled 'x’), set the number of lots if you want to close partially, and press Close. Octa’s market research is well organized and varied in its content.
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. Use the Octa economic calendar to find an upcoming news release and analyse how it might affect the price of a certain asset. Open an order prior to the release and wait for the market reaction. You can also wait until the actual data hits and open your order based on how the market usually reacts to such info. To learn more, read our quick guide about how to trade on news.
Deposits made with cards, e-wallets, and most other methods are usually processed within several minutes but can take up to 30 minutes. Bank transfers take 1–3 hours but can linger for up to one business day in rare cases. Press Continue and wait for our confirmation.Deposits via local banks usually take 1–3 hours. The actual list of available payment methods depends on the country you specified during the registration. Steven Hatzakis is the Global Director of Research for ForexBrokers.com.
Over two years of research and development, we have interviewed traders worldwide, discussing the platform’s usability. Use Metatrader 4 for Android to keep your trades alive and mobile wherever https://limefx.club/ you go. Just select the account you want to top up, choose a payment method, and follow the instructions. The challenge for all traders is where to initiate a trade and where to exit it.