LimeFX LimeFX Review 2024 Are they Safe for South African traders?

Traders can typically open an LimeFX account in less than 15 seconds. limefx scammers 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. The spreads for CFD stocks vary based on the stock and market conditions. LimeFX offers trading in several popular cryptocurrencies, including Bitcoin, Ethereum, and others. LimeFX provides access to a broad selection of forex pairs, including major, minor, and exotic pairs.

The MT4 demo account will expire after limefx courses scam eight days with no trading activity and the MT5 demo account after 30 days. The flexibility of MT4/MT5 allows traders to select their deposits and leverage, creating more realistic demo results. They are ideal for algorithmic traders to test EAs and fix bugs. LimeFX takes it further and offers swap-free trading in its MT4/MT5 accounts. This makes a tremendous difference to leveraged traders who keep positions open overnight.

Meanwhile, there are also not too many deposit or withdrawal methods available, but the main ones are included. When it comes to base currencies, these too are limited to the EUR and USD only. This means you will have to pay a small conversion fee most likely if depositing a non-base currency. Some market analysis tools are economic indicators, market information, forex news, interest rates and holiday calendars. These tools effectively judge the market environment and make decisions that are most appropriate per the environment.

Sign Up Bonus

The LimeFX Demo Account is essentially a practice account With which users can understand and get familiar with various features of the Forex trading platform before committing real funds. However, clients can choose their preferred virtual balance of the account in order to dictate the pace of their learning process themselves. The mobile app is also offered for both platforms, while apps are simple to use and offer a wide range of tools at the same time. MT5 mobile offers various charting capabilities also customization which is fantastic for mobile trading along with full management of your account. Trading hours are the times when a particular asset is available for trading.

Regulation and safety of funds

The MT5 account, also called innovative account, is an account type for clients with trading expertise. Its trading instruments are inclusive of forex, commodities, indices, cryptocurrencies and stocks. Traders conduct all financial transactions from the secure back office, and LimeFX does not charge deposit or withdrawal fees. Third-party costs may apply, and I recommend traders check with their preferred provider. I like that LimeFX offers several cryptocurrencies, but I am missing more third-party payment processors and localized options, especially for its core markets.

Does LimeFX have Research and Education services?

Overall, the spreads at LimeFX are considered quite low & there is no extra commission charged. The minimum deposit at LimeFX is $25, higher than many brokers but within a reasonable range. 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. 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. It’s essential to check the fee structure for each payment method.

1. The offering to the clients is wide and even comprehensive since proposes the same if not more investment opportunities to the world trading community.
2. The LimeFX MT5 pro account is one which they recommend for the more experienced traders.
3. LimeFX offers a 50% bonus on each deposit, and a four-tier status program rewarding active traders.
4. The LimeFXTrader account is known for its versatility, whereas the MT5 account is technically advanced, and the MT4 account type has a simple user interface.
5. Although the response is instant, the broker lacks a personal touch in customer support, you can opt for SmartSTP broker to get better and personalized customer support.

Here is a closer look at a few of these features and how they can benefit you as an LimeFX trader. Unlike most brokers, LimeFX does not charge any kind of inactivity fee. Here is a look at a couple of other fees that you may encounter when trading with LimeFX. They are available with trading through MT4 and MT5, though the broker does charge an additional mark-up fee to cover for the rollover fee which is not in place.