Overall, there is a lot to like about LimeFxFX and the range of quality trading conditions that they provide. You get convenient access to the markets via powerful and fully customisable trading platforms with accounts to suit all types of trader. The trading costs are very competitive whilst customer support is prompt to answer questions.

Regulation and safety of funds

If you are of the Islamic faith meaning you comply with Sharia law then this account is one of the best options on the market. Many brokers offer a swap-free account and while we are not experts in sharia law, we suspect they may not be truly sharia compliant. This is because the swap has been replaced with a periodic administration fee meaning you receive a charge every certain number of days you hold your position open. The modes of making deposits and withdrawals are limited for South African. Their trading assets are also restricted in comparison with other brokers.

LimeFx Customer Support

This allows CFD and Forex traders to either copy other traders’ trading signals or let you broadcast your own trading signals to other traders on the social trading platform. 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. CySEC must comply with the same requirement set by ESMA (the limefx courses scam financial body for the EU) that all financial regulators within the EU borders must follow. The standards set by ESMA are quite high, not dissimilar to those set by the FCA in the UK and ASIC in Australia. If you are not of Islamic faith, having no swaps can work for or even against you. Remember that swaps can either be a source of income or an expense, depending on how markets open.

LimeFx Trading Instruments

You will also find trading available with micro lots, mini lots, and standard lots with the spread variable or floating. We should also mention you shouldn’t get requotes or rejections since market execution rather than instant execution is used. Traders from South Africa have option to open only USD base currency account. LimeFx also has a 50% deposit bonus which https://limefx.vip/ is available for South African traders as well. The withdrawals are sent to SA bank accounts in few hours, so if you make the withdrawal request to your bank during business hours, it is normally received in the same day. Unlike many other brokers, the bonus at LimeFx can be withdrawn once you meet the specified trading requirements of number of lots traded.

What is the minimum deposit at LimeFxFX?

As seasoned Forex experts, we've compiled a set of proven tips to help you maximize your platform utilization and confidently tackle the dynamic currency exchange landscape. It's also important to look at the platform's execution speed, as fast order execution can make a significant difference in the volatile forex market. Additionally, consider the range of currency pairs offered, as a diverse selection will provide more opportunities for diversification and risk management.

I would say this is a good stock trading platform for those of you who are looking for something more than just forex. MT5 is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. A feature-rich, intuitive Forex platform empowers you to execute trades seamlessly, analyze market trends with precision, and make informed decisions in real-time.

• Secure SSL encryption helps make your information confidential and inaccessible to third parties.
• The security of your funds – in terms of regulatory protection – will depend on which LimeFx entity holds your account, and which –if any – relevant regulations provide customer protections.
• The more comfortable you are with these platform capabilities, the better equipped you'll be to navigate the Forex market.
• Prioritize a platform that is committed to supporting its users at every step of their Forex trading journey.

The calendar has advanced filters to only show news that is relevant to you. I think this is a vital tool and always like to check if there is any pending news before taking a trade. You will also find an economic calendar built-in the MT5 platform which could be more convenient to access and save you the hassle of switching between tabs. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. LimeFx does have a proprietary app for social copy trading (the LimeFx 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.

LimeFx offers a 50% bonus on each deposit, and a four-tier status program rewarding active traders. It also maintains a Trade & Win promotion, where each lot counts as a prize lot, redeemable for prizes. Terms and conditions apply, and I recommend traders read and understand them before participating.

The broker has some useful trading tools, educational resources and a prompt customer support team on hand to assist you as and when needed. Overall, I think they can be a good choice of broker for beginners or active traders who are looking for robust trading conditions in a regulated environment. MT4 is ideal for new traders and more experienced traders who require a simplistic yet sophisticated platform.

Each platform runs on Windows, iOS, and Android, so no matter which device you trade from, you’re free to use the platform you like the best. On the plus side, the company has been around since 2011 and seems to have plenty of positive reviews across the internet. Another thing we should note is that in the case of LimeFxFX, we assume the spreads haven’t been widened. If they have, then this would be akin to an administration fee however it is difficult to prove if LimeFxFX is doing this. We asked LimeFxFX who their liquidity providers are and while we don’t have a complete list they advised LMAX Global, Swissquote, Saxobank, and Euronext FX are some of them.

Customer Support is offered through Live Chat and E-mail from Monday to Friday for 24 hours. Yes, LimeFx pays real money to traders who earn from their trading activities. It also includes $31M in bonus funds LimeFx paid over the past eleven years. LimeFx only charges internal mark-ups over market spreads, which start from 0.6 pips or $6.00 per 1.0 standard round lot. It has no other notable fees and ranks among the best-priced brokers. I highly recommend the MT5 trading account for equity traders and MT4 for Forex traders due to its superior tools for algorithmic traders.

The copytrading app lets you conveniently copy signals from hundreds of other traders. The app interface is very user friendly making it easy to find signal providers to follow based on your customised filters. There are master accounts for traders who want to offer their strategies as signals or for followers who wish to copy signals. This can be a good solution for those of you who don’t have the time or knowledge to trade manually.

You can diversify your portfolio with the broker offering gold, silver, crude oil and other commodities. You can trade from 10 of the most popular indices, including Dow Jones, NASDAQ, Nikkei and Eurostoxx 50. The profit calculator lets you choose a trading instrument and enter the position details for a quick and easy calculation of the potential profit. LimeFx Markets Cyprus Ltd does not offer its services to residents of the USA, Canada, Belgium, and the UK, as well as other jurisdictions outside the European Union. LimeFx has over 50 different payment options, such as Visa, Neteller, Fasapay and bitcoin, as well as a large variety of local bank transfers.