In ZAR this is ≈ R480 if you are using limefx review bank transfer to add funds to your account. There are only 3 account types available at LimeFX, but none of these account types has ZAR as the base currency. Overall, with good support accompanied by low trading fees, abundant tools, LimeFX offers a great trading platform for beginner traders as well as Pros. Their spreads with this account are lower compared to the MT5 account. The fees at LimeFX are moderate in comparison with other Forex brokers.
Is LimeFX Legal in India?
LimeFX Islamic accounts are available quickly and conveniently where needed by simply clicking “swap-free” when you open a new account. Still as a trader, you can bank on the legitimacy and security provided by CySEC regulation. Due to that, we highly recommend LimeFX as a great place to copy trade but caution you to remember that due to a limited number of assets, your portfolios can be less diversified. This can result in comparatively bigger movements than a well-diversified holding so is something to keep in mind. As per the recent updates, LimeFX and other international brokers have been put on the alert list by Indian authorities because they were operating illegally.
With that said, they still offer good value in terms of trading conditions. Matching your base currency to that of your deposits and withdrawals can be an important way to help you save on paying conversion fees which ultimately increase your cost of trading. With LimeFX another of the measures in place to keep you safe as a trader is negative balance protection. This means that you can never lose more money than the balance of your account. This service is offered worldwide, regardless of whether it is required by the regulators or not. When we tried the customer support service offered by the broker, we realised that it offers prompt-based chat support and does not allow users to limefx review ask questions directly.
Money Protection
Together with services provided by Autochartist, LimeFX maintains a highly competitive research section. LimeFX allows revenue share, where copiers only pay a fee on profitable trades or fixed revenue per lot, where a trading charge applies irrelevant to the outcome. Copiers may use the filter to evaluate the Master Traders most suitable based on the commission structure. I highly recommend the MT5 trading account for equity traders and MT4 for Forex traders due to its superior tools for algorithmic traders. LimeFX classifies the MT4 trading account for the Traditional Trader and MT5 for the Innovative Trader.
- It is higher versus many brokers but well within a reasonable range and justified by its products and services.
- If you need an LimeFX Islamic account, then these are also available.
- Overall, the spreads at LimeFX are considered quite low & there is no extra commission charged.
- All traders are offered segregated accounts and negative balance protection by LimeFX.
LimeFXTrader provides a seamless trading experience—no need to lose focus switching between apps. The Minimum deposit of 25 USD across all LimeFX Account types, can be classed as low. It gives all traders the ability to select a truly suited account type.
MetaTrader 5
The company, besides featuring a full fledged FAQs section to help clients find answers to their queries on an immediate basis, offers multilingual customer support 24 hours 7 days a week. After a thorough analysis of the broker, we have concluded that the broker is one of the best brokers for forex and CFD trading in the market. It offers not only a wide range of trading asset platforms but also additional perks like deposit bonuses, SSL security, negative balance protection, and more. Moreover, the broker is highly regulated under two top-tier financial watchdogs, including CySEC and FSA, making the broker platform a reliable place to trade.
LimeFX 50% deposit bonus
With a fine landing page, users are allowed to edit profiles, manage account settings and process withdrawals. Coming to leveraged overnight holdings, the broker charges no swaps. At LimeFX there is an option to submit for a Demo practice account and use the unlimited sources to polish strategy or get to know platforms and LimeFX conditions better.
As for the international entity it includes also Credit Cards, e-wallets and other methods which you may check with customer service before any transfer is done. Being able to access your funds at any time with ease and convenience is another point with a regulated broker and our LimeFX Review. So together with its strict money management rules, you may fund your account by deposit through a bank account with no complication. BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.