LimeFx LimeFxFX Review 2024 Are they Safe for South African traders?
In addition to the markets offered, as an LimeFxFX trader, it is likely that you may come across some of these extra products that the broker makes available depending on your location. LimeFxFX mobile trading is also well catered for through their own mobile trading platform aside from the huge industry giants already mentioned. The spreads here start at an extremely competitive 0 pips with $5 per side per lot of commission, or from as low as 0.2 pips with no commission depending on your account type. When it comes to spreads and commissions, LimeFxFX works both with floating and fixed spreads.
What is the Minimum Deposit amount required to open an LimeFx account?
You are not charged any commission for trading with this account. The LimeFx App is intended for traders who want to manage their transactions on the road. This mobile application transfers the core functionality of desktop trading platforms to a mobile interface, making it suited for many https://limefx.club/ South African traders’ fast-paced lifestyles. South African traders can advance through the ranks based on deposit amounts and trading activity. Each status level has advantages, such as lower spreads, priority customer service, and unique access to training materials and webinars.
Is LimeFxfx Safe?
We found Forex Broker LimeFxFX most interesting feature to be that they have no swaps. Other features include MT4 and MT5 trading platforms and commission-free spreads from 0.8 pips. I like the trading environment at LimeFx as it remains swap-free. The cost savings from the overall pricing environment alone make LimeFx a broker to consider. Beginner traders will benefit from well-thought-out research and educational services.
- Use our country selector tool to view available brokers in your country.
- You are not charged any commission for withdrawing or depositing funds at LimeFx.
- You can look forward to trading with the MT5 trading platform on this account where the spreads start at great value from 0.2 pips.
- Copiers must fund their copy trading account before following Master Traders.
- Its several international regulators ensure that clients’ funds are protected and trades are executed fairly.
Does LimeFxFX have a withdrawal fee?
These are variable depending on the trading account you choose with them. Since 2011, LimeFx has been providing brokerage services for traders around the world. The broker offers forex as well as CFD trading on various instruments, including indices, metals, and cryptocurrencies across the popular MT4 and MT5 platforms. On top of that, LimeFx supports trading with affordable capital and some of the tightest spreads in the industry.
Is LimeFx regulated?
Advanced traders will appreciate the narrow spreads, zero commissions, and accessibility for all trading strategies. It includes Scalping, Hedging, and Automated Trading strategies. All traders are offered segregated accounts and negative balance protection by LimeFx. JustMarkets distinguishes itself with various account types, including ECN and Standard accounts adapted to various trading styles. It provides South African traders with narrow spreads, large leverage choices, and an easy-to-use interface. JustMarkets also emphasizes instructional resources and analytical tools, making it a good choice for new and seasoned traders.
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 LimeFxFX 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.
The minimum amount required with LimeFxFX is $25, which can be deposited via various methods, including wire transfer, credit/debit cards and ewallet. It should be noted that the minimum deposit with LimeFxFX may vary depending on the type of trading account chosen. The modes of making deposits and withdrawals are limited for South African.
Depending on the payment method selected, additional steps may be necessary. The CopyTrading app, which is accessible for Android devices and is fully integrated with MetaTrader, simplifies access to this essential resource. The commission is computed as a proportionate amount of the trading volume that your referrals produce.
Apart from that, LimeFxFX offers you the ability to deposit and withdraw using e-wallet services such as Neteller and Skrill. As the customer service operator pushed me towards it, transferring to some cryptocurrency such as Bitcoin or USDT is always possible. The broker is regulated by Cyprus’ CySEC (Cyprus Securities and Exchange Commission), which means it can offer trading services to all clients in the EU.
LimeFx makes use of segregated accounts to protect their clients’ funds coupled with negative balance protection. ForexBrokers.co.za is a broker comparison & education website for South Africans. We aim to help traders limefx website in South Africa find the best forex brokers. The globally recognized trading platforms like MetaTrader 5 and MetaTrader 4 are offered by LimeFx for trading through Web – Windows and Mac and Windows Desktop.
Copiers must fund their copy trading account before following Master Traders. They may opt for a direct deposit or transfer from their trading account. LimeFx displays a recommended amount to allocate to each Master Trader. Copiers may copy trades in full or proportionally to their trading balance versus the Master Trader. I recommend the former, as it will result in superior trading results, as it adjusts positions based on portfolio size and leverage. LimeFxTrader offers a selection of 80 trading instruments, including currencies, metals, energies, indices, and cryptocurrencies.
Available to work on various scopes related to trading; from beginner’s guide, technical analysis, broker guides, to fundamental insights. For the last step, inform the broker that you have transferred the funds. You will be redirected to fill out a form where you need to provide the details of your transaction, including the actual transfer amount, your bank account, and the date of the transaction. To make things easier, you can also upload a screenshot or a photo of the transaction proof, then click “Confirm Request”. As for the deposit itself, LimeFx allows clients to deposit with any currency to the USD or EUR account.
While LimeFx allows deposits and withdrawals in ZAR, the accounts are denominated in USD, subjecting South Africans to currency conversion fees. LimeFx generally offers tight spreads on key currency pairs, favoring traders who use frequent trading or scalping tactics. The app contains mobile-optimized features such as real-time quotations, graphing tools, and order management. The LimeFx App’s ease is a big benefit for traders who need to monitor markets and manage deals away from their desks. MetaTrader 4 (MT4) Account caters to traders who seek a trustworthy and established trading platform. Renowned for its proficient charting utilities, automated trading functions, and comprehensive market analysis capabilities, MT4 is highly recognized within the community.
