It’s got all the bells and whistles right there on your desktop. It is always important to do your research and make sure you are comfortable with a broker before jumping into trading with them. As for OtaFX, even though it may be new to you, it has actually earned quite a reputation in the industry since its inception in 2011. limefx scam There are a few differences that may be noticed depending on which method you choose to fund your account as you can see from the table below. While you want to deposit the LimeFxFX, you will be allowed to use two currencies. If you belong to a country with any other money, you have to deposit the equivalent of $100 or 100 euros.
LimeFx Deposit & Withdrawals
The LimeFxFX Champion offer is a contest run by the broker whereby you can open a demo account and trade for 4 weeks. This account type is a great starter account, though at the moment is not available to EU traders. The combination oflow spreads and fast execution speeds make this broker a great choice for scalpers. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital.
LimeFxFX MT4 Micro Account
Overall, with good support accompanied by low trading fees, abundant tools, LimeFx offers a great trading platform for beginner traders as well as Pros. You can open the MT5 Account with LimeFx with a minimum deposit of $25. This account offers only a floating spread that begins with 0.2 pips.
How much is the LimeFx fee?
The broker frequently offers deposit incentives, like a 50% deposit bonus, but availability and requirements change, so check their current promos. Yes, The broker accepts South African Rand (ZAR) transactions, allowing local traders to deposit, trade, and withdraw funds in their currency. https://limefx.club/ The VPS architecture has been precisely developed to accommodate MetaTrader 4 (MT4), a well-known trading platform in the forex community. This compatibility is important because it allows traders to easily install and run Expert Advisors (EAs) and custom indicators on the VPS.
South African traders can trade confidently, knowing that LimeFx’s regular trading accounts are entirely consistent with Islamic standards. This allows them to pursue their financial goals while being true to their faith. It is an optimal platform for inexperienced and seasoned traders seeking to refine their abilities and approaches before engaging in live trading. Utilizing the LimeFx Demo Account is crucial, regardless of your level of trading experience or desire to improve your strategies.
Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. LimeFxFX is a good ECN DMA broker choice and great for scalping, hedging, and autotrading. A low spread andminimum depositas well as its own copy trading service make it perfect for many. While they do offer top trading platforms MT4 and MT5, if you are looking for a wide range of assets they may not be perfect. The broker offers three primary account types, each with unique quality.
The following are the minimum deposit methods for an LimeFxFX account. You can deposit an LimeFxFX deposit using any one of the methods from here. To have a clearer overview on the matter, you should definitely read our forex brokers bonus promotions top ten.
Because of the many deposit and withdrawal methods provided by this broker, only international bank transfers are charged by this broker. LimeFxFX offers Forex ECN Trading, as well as CFD trading on Indices, Metals, and Cryptocurrencies across both the MT4 and MT5 trading platforms. LimeFxFX offers a wide range of trading accounts and access to copy trading, and bonus promotions, plus a wide range of research tools. Initial deposits are not too high and a variety of instruments for trading. The overall trading fees is quite low with all 3 accounts, plus they are also a CYSEC regulated broker. LimeFxFX offers two types of trading accounts with both being the same except one is with the MetaTrader 4 (MT4) trading platform and the other is with the MetaTrader 5 trading platform (MT5).
Traders may follow signal providers, which LimeFx refers to a Master Traders. One of the best features is the flexibility regarding commissions. LimeFx segregates client deposits from corporate funds and offers negative balance protection. LimeFx also has been catering to clients from over 100 countries for over a decade. LimeFx (formerly LimeFxFX), developed a proprietary copy trading service, expanding into a sector that is gaining popularity, especially among younger traders.
- Here you can learn the ropes, ideal for a beginner, with no obligation to enter live trading.
- The LimeFx App’s ease is a big benefit for traders who need to monitor markets and manage deals away from their desks.
- It’s reasonable because forex trading is often done on margin, meaning you only need to put down a small percentage of the full value of the trade in order to open a position.
- LimeFx has struggled with pricing in the past, but has vastly improved in this category and is now gaining on the lowest-cost MetaTrader brokers.
No overnight charges and no commissions are charged when using this trading platform. Trading hours are the times when a particular asset is available for trading. With LimeFxFX every asset except for crypto is available for trading on a 24/5 basis, Monday – Friday.
Multiple times, we asked questions regarding things such as deposit options and broker regulations, and we were met with a long pause, followed by less than sufficient answers. But, even for simple questions, we didn’t find the customer service options impressive. It is a similar story for credit card deposits, which seemed only to be available for certain countries, VISA for example appears only available for clients in the EU – very odd. The MT4 platform has ultra-intuitive charting options and all the most common technical indicators.
Suppose your deposit amount is $400, so the number of trading lots should be at least 100, which means you can withdraw the deposit amount after 100 lots. But for the last few months, I have been facing issues with withdrawal. Tried calling customer support many times but didn’t get any satisfactory answer. Distressed with the services, I searched for another Forex broker and found TradeEU. The broker was regulated, I quickly created an account and started trading. After using the platform for over 1 month, here’s my review – The platform is perfect, leverage is good, spreads are lowest and most importantly, the withdrawals are quick.
