Should shares CFD shares be your preferred trading instrument, Lime Fx offers a total of 96 shares to choose from with MT4 and 846 with MT5. MT4 shares are derived from NYSE, NASDAQ and EURONEXT exchanges while MT5 also include stocks from exchanges in Spain, The UK, Germany, Ireland and the Netherlands. MT5 has more shares since it is designed to enable trading via decentralised exchanges.
Terms and conditions apply, and traders should understand them fully before participating in bonuses and promotions. I recommend caution with trading contests, as they may promote reckless trading habits, especially among beginner traders chasing a prize rather than learning to trade. Lime Fx is a broker with a good reputation and regulations based on our finds. Also, there is truly remarkable education section suitable for beginning traders and one of the best ranges our financial experts saw of webinars and seminars performed globally. Lime Fx offers unlimited demo accounts for MT4/MT5, and traders may select their desired demo account balance from within the MT4/MT5 trading platforms.
Withdrawal Methods And Fees
MT4 and MT5 Lime Fx terminals available in various versions that suit your personal needs and allows efficient trading through the Desktop Platform, WebTerminal which is compatible with any browser. Or by the use of MT4 MultiTerminal with access to manage multiple accounts simultaneously, however desktop version still remains the most complete with all features and add-ons available there. Despite this, there are no deposit fees or some of the withdrawals are free as well, which we will see in our Lime Fx review further. In both cases, you will get access to myLime Fx client area where you can manage all your accounts and finances. We also saw great development of Lime Fx along the time, before broker mainly operate in Europe and now is one of the trully global brokers with great coverage of regions. On the other hand, Lime Fx has limited portfolio for EU clients, with only Forex and CFDs are offered.
At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points. Micro Account has the lowest minimum deposit and offers allthe features of our other account types.& access to all trading instrumentson Lime Fx. You can trade micro-lots with this account, at 40% Margin call leveland 10% stop out level.
Most traders should be electing to use wire transfers or credit/debit cards to deposit, depending on how much they’re transferring. MetaTrader4 (MT4) is the industry-standard workhorse software of the retail forex industry and is offered by many brokers so is one we are very familiar with. We tested the platform with Lime Fx and except for some personalised branding, MT4 with Lime Fx has all the features we expect to see. This type of account is certainly for more advanced traders, and if you’re just getting started in the markets, could be a good thing to strive for in the future.
- The commission-free trading account lists a minimum spread of 0.5 pips but carries an average one of 1.4 pips or $14 per 1.0 standard lot.
- The minimum deposit amount is only $50, which is very low compared tocompetitors in the industry, and there is no limit for minimum withdrawalamounts.
- However, our scores, ratings, and rankings of online brokers are based on our in-depth product testing and thousands of hand-collected data points.
- The features found in the app are a bit more basic compared to the MT4 and MT5 apps and much more basic than the MT4 and MT5 webtrader and desktop versions.
Unique Features
We aim to help traders in South Africa find the best forex brokers. Lime Fx South Africa has a lowest minimum deposit of $5 or ZAR 70 with Micro Account. The exact minimum deposit depends on the account type that you choose. It is $100 or R1400 with Premium account & $200 or R2800 with Zero Account.
Popular Forex Reviews
With accounts that suit both beginners andprofessionals, ample training material, frequent market analysis, and a broadselection of trading tools, Lime Fx is an excellent choice for new and experiencedtraders. Lime Fx offers an extensive range of over 150 tradeable assetsto its clients. Lime Fx offers a deposit bonus for each deposit, the Lime Fx gadget giveaway promotion, and trading contests for live and demo accounts also exist.
All that’s left to do is load our chosen trading platform and make a deposit. Not every account or every country is offered the same bonus (or offered one at all), so it’s important to read the terms & conditions if you’re considering taking up a bonus offer. Next up, I was offered a top-up bonus, which is an incentive from Lime Fx to deposit funds into the account. The bonus works by giving me some extra capital when I deposit, and I’m then required to turn over enough volume before I can withdraw it.
The team at CompareForexBrokers have long liked the ultra-intuitive, feature-rich experience that allows you to quickly analyse markets and enter and exit trades with a few mouse clicks. With this in mind, it’s not hard to see why MT4 is popular, finding trading opportunities and executing your trades is just really straightforward when using this platform. Also, we noticed that Lime Fx offers one of the lowest typical spreads for EUR/USD in the market even with Zero Account. The platform at Lime Fx allows to trade a medium range of trading instruments including 49 Forex pairs, 100+ CFDs, and they have a reliably quick execution rate. Lime Fx (HotForex) is a reputed forex and CFD broker that was established in 2010.
Lime Fx will process your withdrawal within a short time and is available 24/5. Also, there are Lime Fx entities that are registered in offshore zones alike Mauritius, SVG and Seychelles. While our general recommendation is not to trade with offshore brokers as they simply do not regulate Forex trading, due to Lime Fx multiple parallel regulations it is considered to be safe to trade with them.
HF Markets Ltd, formerly Hot Forex is a forex, stocks, and CFD broking company owned by the HF Markets Group. The support staff is great at their services i had found out they are humble enough replying my queries and on the quicker notes resolving them too. Moreover, execution desk is available for all open orders, which means the clients can close or manage all their open positions over the phone. It is not available for Market orders or to open new positions.
The company offers both dealing desk and non-dealing desk trading, depending on the specific account type you choose to open. Moreover, Lime Fx is offers one of the lowest spread with their trading accounts out of all the brokers that we have tested so far. In terms of commissions and fees, Lime Fx is an okay option for investors, especially considering its average spread cost for the EUR/USD pair is 1.2, which is slightly higher than the industry average of 1.08. It does not require limefx a minimum deposit and offers a range of payment methods, although it lacks active trader discounts. Overall, Lime Fx is recommended based on its commission and fee structure.
We are dedicated to maintaining limefx official site high editorial integrity and transparency during reviews or other posts. However, it’s important to note that some of the products we discuss are from our partners. It goes against our guidelines to offer incentives for reviews. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.
