Overall, Lime Fx is not regulated with any Top-tier regulator, and they are regulated with MISA, FSCA & CySEC only. And they have been in business since 2011, and we did not find complaints regarding withdrawal issues. Moreover, if you reside in the EU and access Lime Fx, you will be legally covered under CySEC regulatory.
Lime FxFX Deposits and Withdrawals
Therefore, you won’t run out of options, and that’s for sure. These deposits are usually processed almost instantly but sometimes take up to 30 minutes. Press Continue and wait for our confirmation.Deposits via local banks usually take 1–3 hours. We offer you several instant deposit methods depending on your country.
How does Lime Fx ensure the security of funds for South African traders?
The process is simple; refunds are automatically credited, providing users with considerable convenience. The Lime Fx CopyTrading app, which is accessible for Android devices and is fully integrated with MetaTrader, simplifies access to this essential resource. If you are a Master Trader, you can earn money from both direct customer recommendations and the gains achieved by attracting IBs. The commission is computed as a proportionate amount of the trading volume that your referrals produce.
Trading account type: real or demo?
Log in to your online trading account or download the app and launch it to start trading Forex pairs and other assets. Customise your account—real or demo—or just create a standard margin account in one click. There is the similar range of withdrawal methods offered by Lime FxFX as the deposit methods, only the minimum withdrawal is even lower. You can see in the image below that you can effective make a minimum withdrawal with Lime FxFX from $5, and all with commission free processing. Due to the fact that these accounts will charge you a percentage of the profits made on your account, some try to maximise their potential profit by asking for high minimum balances to copy.
- Lime Fx’s VPS solution enables traders to execute automated trading algorithms indefinitely, regardless of equipment state.
- Foreign traders from Thailand, Indonesia, India, Pakistan, Malaysia will be able to deposit money using their local banks and withdraw it through banks in the same way.
- The applicant must select between a real or demo account.
We accept all the most popular payment methods
You can use their mobile app or the MetaTrader platform to trade. Lime Fx does not charge any commission with any of their 3 trading accounts. The exact spreads are variable & depend on the instrument which you are limefx reviews trading. For example, for EUR/USD, their spreads can be as low as 0.8 pips. Lime FxFX has a wide range of platforms, depending on your account type with them (which you have to choose during account opening).
Is currency trading profitable?
The VPS architecture has been precisely developed to accommodate MetaTrader 4 (MT4), a well-known trading platform in the forex community. This compatibility is important because it allows traders to easily install and run Expert Advisors (EAs) and custom indicators on the VPS. Lime FxFX offers South African traders an intriguing cashback rebate program, allowing them to reclaim a percentage of the trading spread or fees incurred when opening or closing orders. In addition, the platform also supports a variety of order types, allowing South African traders to employ a variety of trading strategies. Lime Fx’s MetaTrader 4 platform is well-known for its dependability and full capabilities.
Traders look for a minimum deposit broker before starting the first CFD or Forex trade in the trade market. Traders search for the right Forex and CFD broker for only the minimum deposit. This allows you to compare the condition of the supplier with other brokers. What the deposit will look like will depend entirely on choosing your broker. Traders are encouraged to use brokers that demand relatively low minimum deposits.
Enter your Lime Fx PIN and click “Request” once you’re done. Moving on to a popular type of trading at Lime FxFX, Copy Trading and the official minimum required balance does not change. It is worth considering however to do your due diligence on the ‘Master Trader’ you intend to copy beforehand as https://limefx.club/ this will in fact dictate the balance level you need. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes.
Their experience assures strong data security and reduces the probability of technical outages, underscoring Lime Fx’s commitment to protecting South African assets. As a beginner, you can simply track the general direction of the price on the chart and open Buy orders when it goes up or Sell orders when it goes down. This may not get you a guaranteed profit every time, however, it is a good start for developing your strategy.
It’ll help you expand your knowledge about the market in general and our services in particular. If you feel like practising with virtual funds before switching to real trading, you can open an Lime FxFX demo account. The minimum deposit amount required to register a live Lime Fx trading account is ZAR 80 /$5 USD. This minimum deposit is equivalent to roughly R80 ZAR at the current exchange rate between the US Dollar and the South African Rand at the time of writing. In order to start trading with Lime Fx, you’ll need to make a deposit and fund your account. Then, you can cash them out at any time you like with your preferred withdrawal method.
Payment methods like credit/debit cards, bank transfers, and payment gateways have short processing of one to three hours. To deposit funds, you must first log in to your Lime Fx trading account. Many methods, such as credit/debit cards and some e-wallets, allow for immediate deposit processing. Bank transfers, on the other hand, take longer, often within 1-3 hours, depending on the bank’s processing times. Furthermore, MT5’s upgraded order management system and back-testing capabilities make it a solid alternative for traders who rely on detailed market analysis and strategy testing.
This is their way of confirming that you’re the actual account holder and following regulatory requirements. Passionate in contemporary global financial issues, I’m currently active in researching topics on cryptocurrency, forex, and trading strategies. The minimum withdrawal amount depends on the method you choose.
This is certainly not limited to Lime FxFX, but would be typical with online brokers across the realm. Lime FxFX generally does not charge commissions on deposits, but conversion fees may apply if depositing in a currency different from the account base currency. 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 ask questions directly. Although the response is instant, the broker lacks a personal touch in customer support, you can opt for Equiity broker to get better and personalized customer support.
They are one of the few brokers to offer both Metatrader versions (MT4 & MT5). Lime Fx generally offers tight spreads on key currency pairs, favoring traders who use frequent trading or scalping tactics. The app contains mobile-optimized features such as real-time quotations, graphing tools, and order management. The Lime Fx App’s ease is a big benefit for traders who need to monitor markets and manage deals away from their desks. Lime FxTrader offers tight spreads from 0.6 pips, and 80 trading instruments, including currencies, metals, energies, indices, and cryptocurrencies.
The following are the minimum deposit methods for an Lime FxFX account. You can deposit an Lime FxFX deposit using any one of the methods from here. But overall, Lime Fx is a good broker if you are looking for low-cost forex trading, without commissions. They don’t have any Swap charges for XAU/USD under MT4 account. For example, if you are trading 1 lot of Gold on Lime Fx with price at 1800, you will be charge $2 spread.
I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading. Lime Fx’s market research is well organized and varied in its content. Rather than specializing in any one field, Lime Fx provides a wide assortment of content types.
Also, they could do better in terms of getting regulated with more regulators. Such bonus funds are withdrawable, but you need to trade a certain number of lots before you can actually withdraw them. That means you don’t have to make a special Islamic account with Lime Fx. Just create a trading account and enjoy all the benefits of an Islamic account. You can have any number of demo accounts, but inactive ones get closed after a while. We send a letter with a trading password for each of them to your email—just like with the real ones.
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. In my experience I tried trading at several different brokers. I also like the deposit and withdrawal system offered by Lime FxFX, because the processing time is not too long and I think it’s almost the same as other brokers. Withdrawals that are quickly processed make traders feel more secure about their money.However, bro, I have something to ask, should I verify my account to make a deposit?
