LimeFX offers customer support through various channels, various educational resources, and, negative balance protection to limefx forex brokers reviews ensure that traders cannot lose more than their account balance. The broker offers a 50% deposit bonus on all account types except Islamic and demo accounts. 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. LimeFX does not charge account opening or administrative fees, but traders must pay spreads on assets, which is the standard business model at commission-free brokers. LimeFX grants one significant advantage as it provides swap-free trading for all traders. LimeFX offers traders the out-of-the-box MT4/MT5 trading platforms and upgrades the trading experience with the Autochartist Pro plugin.
- Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team.
- LimeFX’s customer support team is available 24/7 to answer your queries and provide assistance when needed.
- The broker provides access to three robust trading platforms, including the versatile MetaTrader suites — MT4, MT5, and LimeFXTrader — ts proprietary platform.
LimeFX Mobile Trading
It is divided into quotes; market data, chart, trade and history. Its charting allows users to do analysis just as with a desktop. Its only limitation to client is its small screen resolution, hence, making deep technical analysis somewhat difficult. LimeFX withdrawal options are the same Bank wire for all accounts, there is no Credit Cards supported for Cyprus entity.
user reviews for LimeFX South Africa
Your bank may also charge you a commission or fee on wire transfers, though there is no fee directly from the broker. This makes it perfect for new traders and those beginners starting out. If you are trading from outside the EU, the minimum deposit will be $25 with the LimeFX Micro account. The LimeFX MT5 pro account is one which they recommend for the more experienced traders. With that said, the minimum deposit here is still low enough for all types of trader to get involved. This is $50 minimum deposit within the EU with the account being available worldwide.
It has management systems that ensure that clients do not lose more than initially invested. If account balances become negative due to Stop-Out, LimeFX compensates the account by adjusting the account balance to zero, ensuring the risk is limited to only deposited funds. The company’s educational library is well maintained and offers rich learning resources that includes webinars, articles, platform tutorial videos and a video course.
Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. LimeFX offers 35 forex pairs and 230 tradeable symbols, which is below the industry average of 3,623 symbols. Filippo Ucchino is the founder and CEO of the brand InvestinGoal and the owning company 2FC Financial Srl. Filippo Ucchino started his trading career in Forex trading in 2005. He became an expert in financial technology and began offering advice in online trading, investing, and Fintech to friends and family.
How much are Non Trading Fees with LimeFX?
If you want to trade on MT4, then choose MT4 account, but if you prefer MT5, then choose MT5 account. South African traders signing up with LimeFX are registered under limefx courses scam FSCA regulation. But since they are not approved ODP, this makes them moderate risk broker for SA traders. LimeFX offers traders a range of content for research through the Traders’ Tools section.
This is the same as 0.01 standard lots, or equal to $1,000 in cash value. The slight difference between ECN and DMA in terms of the liquidity provided is that the typical ECN brokers liquidity providers are not known. If you need an LimeFX Islamic account, then these are also available. Here will have an account that is totally Sharia law compliant and benefit from the award-winning service of LimeFX in the area. For those reasons, our team here at Investingoal is happy to recommend LimeFX as a top choice for scalping.