Both LimeFx PAMM account types operate exclusively with USD as the base currency and require a minimum deposit set at $250. Top Up account grants access to all LimeFx trading instruments and provides a minimum trade size of 0.01 lot. Premium Pro account provides access to all LimeFx trading instruments with a minimum trade size of 0.01 lot.
How do I withdraw money from LimeFx?
When it comes to withdrawal fees, LimeFx does not charge any fees on withdrawals except for a 1% commission when using BitPay. For more information about this topic, you can have a look at our LimeFx minimum deposit article. It is primarily a CFD broker and applies overnight fees, which are not favourable for long-term investment strategies. Also, there are LimeFx 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 LimeFx multiple parallel regulations it is considered to be safe to trade with them. Account types in LimeFx offer a Swap-Free Option, where no roll-over/overnight fees or hidden fees are charged.
- This all-in-one approach enables Indonesian traders to make informed decisions and optimize their trading strategies.
- The Zero Spread account offers incredibly tight spreads with no mark-ups.
- Our results are really interesting and overall we can say there are brokers with spreads that are lower (at least according to our results).
- LimeFx (formerly Hotforex South Africa) offers a number of trading platforms.
- LimeFx is an award-winning, high-regulated Forex, Indices, Stocks, and commodities global broker headquartered in the UK.
Can beginners find educational support?
Your demo account will be created & you will get your login credentials like the picture below. LimeFx is a safe broker, considering they are regulated by top-tier financial authorities. Beginner traders will find it easy to deposit and withdraw from LimeFx and be able to trade with tiny amounts of capital.
Is LimeFx suitable for beginner and professional traders?
A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). Yes, based on your detected country of FI, you can open an account with this broker. Ultimately, the responsibility of your trading strategy remains with you. This doesn’t mean you can’t use popular indicators or technical studies, but you shouldn’t expect them to work like magic; there is no indicator or strategy guaranteed to solve all your trading needs. Get the competitive edge you need to place trades and manage your positions. These regulatory bodies ensure that the broker operates within legal frameworks and follows certain standards of conduct.
Top Features
The broker gives access to over 500 markets, including Forex, Metals, Stocks, Bonds, Indices, Energies, and Commodities. The Pro Account requires a deposit of $100, and the Pro Plus Account requires a deposit of $250. Itis a very comprehensive offering and is led by the LimeFx Head Markets Analyst. They are differentfrom trading stocks where the parties don’t own the underlying asset but make profit/loss based on the price fluctuations of the underlying asset. Withdrawal methods are the same as the deposit methodsexcept that the e-wallets available for withdrawals are limited to Skrill &Neteller. The only application form typically takes less than 20 seconds to complete, asking for country of residence, e-mail, and the desired password, which grants access to the myHF back office.
Investment Programs and Account Types
As a strategy provider, you can trade your strategy and earn additional revenue by allowing people to copy your trades. As a follower, you can deposit funds and elect to automatically copy the trades of a strategy provider. A HFCopy account is a copy trading account, which allows you to sign up as either a strategy provider or a follower. This account allows you to use the HFCopy app which uses the MQL5 MetaTrader Signal network for social trading.
Bonus Offers and Promotions
Withdrawal periods may vary, with e-wallets being handled within 24 hours and bank wire transfers taking between 2 and 10 working days. With fast order placement and customizable watchlists, you can stay ahead of the curve no matter where you are. Seamlessly transitioning between charting and executing trades makes responding quickly to market movements easier. The verification process normally takes two business days, depending on the quality and clarity of the supplied papers. You can deposit to Hotforex South Africa using these banks, African Bank, Bidvest Bank, Capitec Bank, FNB, Investec, Nedbank, Standard Bank, and TymeBank.
The mobile app provides advanced charting, multiple order types, and real-time quotes and news. Traders can also manage their trades, set stop-loss and take-profit orders, and monitor the performance of their trading portfolio. In addition, the mobile app provides access to the MT5 marketplace, where traders can purchase and download custom indicators and Expert Advisors (EAs) to automate scammed by limefx their trades. Automated trading on MetaTrader 5 (MT5) is performed using the MQL (MetaQuotes Language) programming language. With MQL, traders can write and execute their own custom trading algorithms and automated strategies, known as Expert Advisors (EAs). EAs allow traders to automate their trades based on pre-defined criteria, such as technical indicators or market conditions.
LimeFx forex Broker’s Learning Center has a wide range of educational resources, including video tutorials, webinars, eBooks, and articles. This LimeFx broker review found that withdrawing from LimeFx in South Africa is easy and fast. Simply access your myHF area (Hotforex client area) and submit a Fund Withdrawal request.
The LimeFx Cent account supports both MT4 and MT5 trading platforms, catering to a range of trader preferences. Additionally, it’s available as a swap-free option for Islamic traders. In order to meet the LimeFx minimum deposit, you can use payment methods such as bank wires, credit/debit cards, ewallets and cryptocurrencies. Your funds will be ready on the LimeFx account almost instantaneously, except for the bank wire deposits which may take a couple of business days to get through. The firm protects funds with various safeguards such as segregated bank accounts.
A cent account is a trading account that allows clients to trade swap-free and with cent lots. However, updated Trading Platforms are expected and the level of education needs improvement. Beginner and Established clients are offered Promotions and Rewards. However, the loyalty program could provide more diversified rewards. Three trading platforms are offered, MetaTrader 4, MetaTrader 5, and, a Proprietary Platform.
LimeFx has a strong commitment to not just providing the bestpossible customer experience, but also acknowledging its social responsibilityto communities and organizations around the world. The educational package includes over 20 video tutorials,over 30 recorded Forex videos, trading webinars with Forex experts, and the LimeFxeCourse in Forex. LimeFx has done a great job of publishing research &education, and it is visible that plenty of effort and resources are dedicated,especially in the research section. During events of high volatility, sudden price movementsmay occur, and margin calls or stop loss may not function correctly, whichcould lead to a negative balance in the account. Under LimeFx policies, the clientis not liable to pay back a negative balance. Index trading involves speculation on the movement of asection of a market, instead of individual stocks.
At LimeFx you can find over 50 Forex pairs and 500 CFD assets, including metals, energies, indices, stocks, commodities, bonds, ETFs, and cryptos. Forex spreads start from 0 pips and there’s a $6/lot round turn commission. Besides broker issue its very own LimeFx MasterCard for a straight transaction and the ability to make safe online payments. With a MetaTrader 4, MetaTrader 5, Webtrader, or App, you can open a Swap-Free Premium Account featuring low spreads, no minimum deposit, and no commission. Overall, LimeFx is a trustworthy broker providing CFDs and low spreads on 100+ trading instruments. They providelucrative programs without standing support and advanced technology.
The LimeFx Cent account provides access to Forex and gold trading, and features trading in Cent lots, where the minimum trading size available here equals 0.01 cent lots, or 10 currency units. The LimeFx demo account is a type of trading account that allows users to experience https://limefx.vip/ the LimeFx service at no cost using virtual funds. This ensures clients’ investments are secure and minimises the risk of losing more than their initial investment. They offer an unlimited demo account with a virtual balance of $100,000 and real-time data.
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.