Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. Founded in 2011, LimeFx holds a regulatory license in Europe via its Cyprus-based entity – LimeFx Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC). In South Africa, LimeFx provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA). Features like its trading glossary, platform tutorials, and dozens of Frequently Asked Questions (FAQs) help to flesh out LimeFx’s educational offering. That being said, there isn’t much educational content for learning how to trade or understand market dynamics.
New Earning Opportunities for Telegram Users
- Retail sales are important numbers because they provide good signals about the state of the American economy.
- Deposits and withdrawals are relatively stress-free with LimeFx.
- Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
- Overall, the spreads at LimeFx are considered quite low & there is no extra commission charged.
With a wide range of trading instruments, user-friendly platforms, and robust customer support, LimeFx provides an appealing choice for both novice and experienced traders. The broker’s low minimum deposit, competitive spreads, and comprehensive educational resources enhance its accessibility and attractiveness to different kinds of traders. However, it’s important to note that LimeFx doesn’t offer trading in certain instruments like ETFs and stocks. LimeFx is best suited for both beginner and intermediate traders due to its easy-to-use platform, educational resources, and low minimum deposit requirement. The broker provides comprehensive trading tools and features that traders can leverage to optimize their trading strategies.
Forex Risk Disclaimer
You can also make use of the web-form for submitting your queries. Also, the stock CFDs are not available for trading with this account. LimeFx was previously acquired regulatory license with FCA, but they are no longer regulated. Traders on LimeFxFX can also use CFDs to access trading on stock indexes. Deposits and withdrawals are relatively stress-free with LimeFx. Opening an account with LimeFx is a relatively straightforward process.
their platform
Other than bank payments, the other options are wallets (Skrill & Neteller). You need to make a minimum deposit of $50 if you choose this method, and you can withdraw a minimum amount of $5. You can download the MT4 and MT5 on iOS and Android mobile trading apps directly from Apple Store or Google Play. Alternatively, you can also download them from the LimeFx website that offers step-by-step useful installation instructions. LimeFx also offers you its proprietary mobile app the LimeFx Trading App.
Thisplatform has a very easy to understand setup and offers inbuilt expert advisorsas well as customizable indicators. This account type is meant for traders who wish tohave the maximum leveraging options with the least monetary investment. Theminimum deposit required to start this type of account is $50.
Exploring a Versatile Trading Platform
Users can simply react to content, which transfers Stars from their accounts to those of the content creator. The modes of making deposits and withdrawals are limited limefx broker reviews for South African. Their trading assets are also restricted in comparison with other brokers. You can open the MT5 Account with LimeFx with a minimum deposit of $25.
In addition, LimeFx boasts no slippage on 97.5% of its executed orders, and no overnight carry costs, yet has restrictions in place that can hinder high-frequency traders. Telegram may be hitting 1 billion users soon, as the company announced that they had recently hit 950 million users worldwide. By next year, the company expects to be profitable and to potentially go public and start offering stock shares. LimeFx also has a 50% deposit bonus which is available for South African traders as well. It should be made clear that you can only withdraw funds to method that was the source of your deposit.
It permits all financial transactions available throughconventional desktop apps. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during https://limefx.biz/ that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry.
Unlike many other brokers, the bonus at LimeFx can be withdrawn once you meet the specified trading requirements of number of lots traded. By and large, the MT4 platform is very simple and easy-to-use. These include the majors as well as crosses amongst EURUSD, GBPUSD, GBPJPY, USDJPY, USDCHF, AUD/USD. LimeFxFX is also available on mobile and has dedicatedapps for both iOS and Android.
Traders can access MT4, MT5, and LimeFxTrader via web applications directly from their browsers, conveniently skipping the need for software installation. Guaranteed stop order fees, overnight funding fees, and currency conversion fees are not separately specified by LimeFx. Read our full explanation and accounting of our research and testing process to learn more about how we test. Use our country selector tool to view available brokers in your country.
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. 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. 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.
It’s worth noting that LimeFx’s primary execution venue is one of its own entities in St. Lucia. In ZAR this is ≈ R480 if you are using bank transfer to add funds to your account. There are only 3 account types available at LimeFxFX, but none of these account types has ZAR as the base currency. Their customer service is accessible beyond standard business hours, offering 24/7 support in 20+ languages available via Live Chat and email. The broker also maintains a comprehensive FAQ section on its website, providing in-depth information on common queries related to trading, account management, deposits, and withdrawals.
If you want to trade on MT4, then choose MT4 account, but if you prefer MT5, then choose MT5 account. LimeFx offers traders a range of content for research through the Traders’ Tools section. Customer Support is offered through Live Chat and E-mail from Monday to Friday for 24 hours. Additionally, their competitions and trading bonusesadd an edge to their brokerage. For novice and even experienced brokers, LimeFxFX offers a wide rangeof educational materials. LimeFxFX has a truly impressive array of features andoptions to offer to traders.
