Moreover, the broker is highly regulated under two top-tier financial watchdogs, including CySEC and FSA, making the broker platform a reliable place to trade. LimeFxFX is regulated by the Cyprus Securities and Exchange Commission (CySEC) and registered with the Financial Services Authority of St Vincent and the Grenadines (SVG FSA). This simple step will ensure your transaction is legal and guaranteed.Withdrawal of funds from your real account requires email confirmation, so no one but yourself can access your account. It is also required that you use the same payment details for deposits and withdrawals. The broker offers a 50% deposit bonus on all account types except Islamic and demo accounts.
Commissions
It’s very simple to enter buy and sell orders, as well as set stop-losses, you can even use Expert Advisors (EAs) for automated trading. Lastly, you can trade 30 different cryptocurrency CFDs on the LimeFxFX platform. These include all the most common cryptocurrencies, but looking at the live quotes, they were wide, we’re not sure we’d ever want to trade crypto on this platform. Saint Lucia allows companies to self-regulate as long as they comply with the country’s laws.
LimeFxFX cTrader Account Fees, Spread, and Commissions
The account’s user-friendly layout makes it easier for traders to navigate and manage their trades. Furthermore, this account type frequently includes increased support services, which provide traders with rapid advice and direction. LimeFx has a Minimum Deposit of $25 / ZAR 480 with MT4 & MT5 accounts. There are only 3 account types available at LimeFx, but none of these Account types has ZAR as the base currency.
LimeFx Bonus Offers and Promotions
👉 Additionally, all withdrawals at LimeFx are subject to trader confirmation by email. Visa and Mastercard transactions are additionally protected by 3D secure technology, which ensures that they are always both safe and transparent. All LimeFx accounts have a suggested minimum deposit in place – here is an overview.
LimeFxFX established its legal entity in Cyprus and each gets a license from the local CySEC, which also applies regulations according to European ESMA standards. Under the European CySEC license, the broker also operates global offerings from international entities. You can still use most features and services on the platform while they’re checking everything out. However, if you want to withdraw, then you need to complete data verification phase. You can just directly access the website, fill in personal information, then the account that suits your need.
Review Methodology
It took only a few hours for withdrawals to credit to my bank account. Actually, I’m still new to the world of trading, and yes, I rarely hear about brokers that provide trading instruments and platforms. You must have known FBS and Exness which always appear in several advertisements on social media. As for the LimeFxFx broker, I have never heard of this broker to be honest.
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There is then the consideration that if you are depositing from an e-wallet such as Skrill or Neteller, your limefx official site will be $50, or €50. This is the same deposit level required by LimeFxFX for MasterCard funding. We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site.
LimeFxFX offers a great demo account that is easy to sign up for, just needing the most basic of your personal information and an email address. Here you can benefit from the ICF insurance protections provided in the case of bankruptcy or insolvency. Still as a trader, you can bank on the legitimacy and security provided by CySEC regulation.
- I thrive on translating intricate financial data into accessible insights, making complex topics understandable for both experts and the general public.
- In the first instance, traders cannot trust any broker so they first use a minimum deposit to check the broker.
- Trader from SA are registered under Orinoco Capital (Pty) Ltd, which is registered in SA.
- It includes Scalping, Hedging, and Automated Trading strategies.
- Consider any on chain transaction fee for cryptocurrency withdrawals that are not charged by the broker directly within your overall assessment.
- To make things easier, you can also upload a screenshot or a photo of the transaction proof, then click “Confirm Request”.
No weird surprises, no issues – it’s been pretty smooth sailing. It’s also not difficult to open an account at LimeFxFX, you can immediately open your personal area, then the account you need. If you want a beginner-friendly and easy-to-use account, newbie usually use Metatrader. If you want a thin spread account, you can use a more professional ECN account.
The information and videos are not investment recommendations and serve to clarify the market mechanisms. The texts on this page are not are not investment https://limefx.group/ recommendations. Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms.
This multi-tiered approach to compensation ensures that traders maximize their earnings while actively participating in the market. Therefore, overnight fees do not apply to open positions held longer than 24 hours. LimeFx’s MT4 platform lets traders personalize it to their trading tactics and preferences. Furthermore, LimeFx ensures that MT4 users in South Africa have consistent execution rates and minimal latency, both of which are critical for day trading and scalping tactics. Traders who use the LimeFxTrader Account get competitive spreads and access to various trading products.
It is also a rare broker fully compliant with Shariah law for Islamic traders. I cannot stress enough the difference this makes, especially over time. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. Here is a screenshot of LimeFx live quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads.
Deposits for LimeFxFX account users must transact in USD ($) and Europe (€). If there is any other currency in the account then it has to be converted into that currency. Yes, LimeFx is regulated by FSCA, but they are not an approved ODP. LimeFx Group is regulated with 1 Tier-1 regulation CySEC (license number 372/18).
Although the LimeFxFX minimum deposit remains the same in value, the broker does not operate accounts in Nigerian Naira, South Africa Rand, Malaysian Ringgit, or Indian Rupee directly. You have the choice to decide between either USD or EUR but it is still important to consider what those deposit levels equate to in local currency. Looking at this Master Trader filter on the platform above, you can see that it is possible to copy around 60 different accounts if you are sticking the minimum deposit for LimeFxFX Copy Trading, $25. There are in excess of 4500 Master Traders listed on the LimeFxFX Copy Trading platform so the number accepting lower levels of balances is considerably fewer. With the LimeFxFX deposit bonus, in this case your account balance would then be $105 including the bonus amount and therefore provide you with a little more ‘wiggle room’ with your risk management.
