When comparing the spreads to other brokers, FXTM at first glance appears to have only average spreads. The online brokerage firm LimeFx requires a capital deposit from the trader owning the brokerage account to activate the CFD and Retail foreign exchange (Forex) trading platform. Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Opinions, market data, and recommendations are subject to change at any time.
What are the steps to fund your LimeFx account?
The company offers educational courses on FX trading, provides trading tools, proprietary data, and premium resources. It also offers dedicated 24/5 customer support with global offices in London, Melbourne, and more. The breadth of platforms and available tools means that experienced traders are best served by LimeFx’s emphasis on limefx scammers incorporating value-added services and resources. It can be instant or take up to 2 business days, depending on your payment method. If you deposit using cards or e-wallets (PayPal, Neteller, Skrill), the funds are credited instantly to your trading account. There is a very high degree of risk involved in trading securities.
Review Methodology
The account balance for the Active Trader account is $25’000 USD. Opening a live forex trading account with LimeFx is a quick and straightforward process. There are no account minimums, enabling traders of all sizes to start their forex trading journey as they see fit. LimeFx is an excellent choice for algorithmic forex traders thanks to its wide array of related platform options that provide advanced charting tools and support automated trading strategies.
Regulated By
Whenever it comes to an online brokerage platform, traders and investors are concerned with its safety and legality. LimeFx is under the regulation of some of the top-notch organizations. Traders can start with base account with mnumim deposit of $50. And deposit this $50 in ZAR which will convertedwhile making deposit. 75.38% of retail CFD trading Investors lose money with this broker. Plus, they have multiple platforms, that provides traders with choice to choose their own platform as per preference.
In this case, you have to convert your balance to this currency otherwise you will not be able to deposit with an LimeFx broker. When you change your currency, your deposit may change financially. Moreover, you must note that demo accounts are different from Live accounts. It is advised that after practicing on demo, you should create a live account with low deposit, and then test their actual trading environment. LimeFx is one of the oldest global forex brokers with office in Johannesburg, South Africa. LimeFx ZA is part of LimeFx Group that was established in 1999, and regulated by various regulatory authorities.
LimeFx minimum deposit denotes the least amount of funds required by traders to initiate an account with LimeFx, a leading broker in the Forex market. This prerequisite serves as a gateway for traders to access the vast array of financial instruments and services offered by LimeFx, including currency pairs, commodities, indices, and more. LimeFx is a versatile trading platform that supports different payment methods to ensure traders and investors can easily make transactions.
- For credit cards or debit card, there are no withdrawal fees, but third-party providers or banks may cost up to 40$.
- Traders should also consider potential third-party payment processing charges.
- The breadth of platforms and available tools means that experienced traders are best served by LimeFx’s emphasis on incorporating value-added services and resources.
- The dealing desk plays a significant role in creating the Forex exchange rate.
- MetaTrader 4’s reputation and reliability make it a sound choice for all traders.
I rank trading costs among the most defining aspects when evaluating a Forex broker, as they directly impact profitability. The following step is for the applicant to complete a selection of general information, including their preferred account option. The applicant must now select their country of residence plus their preferred platform for trade. Yes, LimeFx operates legally in the UK and is regulated by the Financial Conduct Authority (FCA). Step 2) Click on ‘Deposits’ on the account summary and choose your preferred deposit method.
However, active traders need to deposit a minimum of $ 25,000 for their accounts and trade high volume. I like the trading environment at LimeFx, especially for high-volume traders using algorithmic trading solutions. LimeFx is a very well-regulated global Forex broker with a large client base and a big reputation to maintain. All trading platforms fully support algorithmic trading, and LimeFx provides four free APIs to developers on top of a wide selection of third-party plugins.
Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
LimeFx clients will have access to the client service portal through their live trading account credentials. LimeFx offers a range of secure funding options including Credit/Debit Cards, Bank Wire transfers plus Skrill, and Neteller. In regards to withdrawals, withdrawal requests are submitted online. A withdrawal request can be https://limefx.group/ submitted online by selecting your withdrawal method and clicking “Submit”. I could not find any time limitations on these accounts which is excellent, making them ideal for testing algorithmic trading solutions and new strategies. I want to caution beginner traders against using a demo account as a full educational tool.
If you trade with LimeFx in the UK, you should read this to learn about some important details of the minimum deposit requirement. LimeFx offers traders a few different accounts, with forex and CFD instruments (commodities, crypto and more), leverage, and a truly impressive variety of plugins and accompanying applications. With reasonable trading fees and conditions plus an industry-best level of flexibility for traders, LimeFx is an enticing option for frequent traders with virtually any strategy preference. Forex Wink broker ratings provide valuable insights into LimeFx’s reputation, reliability, and customer satisfaction levels. Traders can utilize these ratings to make informed decisions, considering factors beyond minimum deposit requirements, such as trading platforms, regulatory compliance, and customer support. Additionally, comparative analysis with other brokers facilitates a comprehensive evaluation of LimeFx’s offering.
This type of trading allows you to copy the trades of experienced traders, making it a great choice for beginner traders wanting to learn the trading strategies of successful traders. One of the key features of the Zulu trade is the social element. The feature gives users the ability of traders to share ideas and strategies and help other traders. Zulu Trader has over 1 million users, making it one of the larger social trading communities available. These stats show that LimeFx completes your orders with no slippage more than 60% of the time.
English