By pressing ‘set up copying’, the orders of the Master Trader will be copied automatically. Traders have complete control over the process and can stop copying anytime. LimeFx clients with an MT4 account can also elect to become Master Traders. They can then trade as usual and earn additional income whenever others choose to copy them.

LimeFx trading app

However, when compared to research leaders IG, Saxo, and CMC Markets, LimeFx has room to enhance its research offering. Traders from South Africa https://limefx.club/ have option to open only USD base currency account. LimeFx also has a 50% deposit bonus which is available for South African traders as well.

Other trading platforms

Trader from SA are registered under Orinoco Capital (Pty) Ltd, which is registered in SA. These include the majors as well as crosses amongst EURUSD, GBPUSD, GBPJPY, USDJPY, USDCHF, AUD/USD. Also, the stock CFDs are not available for trading with this account.

Data safety

• For example, the “minimum expertise” field lets you choose between newer systems, all the way up to those with legend status.
• LimeFx excelled in the category of fees, with tight spreads in CFDs on forex and shares.
• LimeFx offers the popular MetaTrader 4 and MetaTrader 5 platforms across desktop, web, and mobile.
• In addition, when trading with a broker authorized by CySEC, client funds are protected by the Investor Compensation Fund (ICF).

For example, LimeFx clients in the European Union benefit from the oversight of the Cyprus Securities and Exchange Commission (CySEC). CySEC requires that clients have negative balance protection, which means they cannot lose more than their deposit. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.

Unlike many other brokers, the bonus at LimeFx can be withdrawn once you meet the specified trading requirements of number of lots traded. Step 7) Click on Deposit button and select your preferred payment method. You are not charged any commission for withdrawing or depositing funds at LimeFx. Daily and weekly forecasts in the Market Insights section preview the key economic data ahead and highlight the major market movers. The reports cover significant support and resistance levels and technical signals from indicators such as MACD and Parabolic SAR.

Non-Trading Fees

LimeFx excels in research, offering regularly updated commentary written by in-house analysts and trading ideas. In addition, clients can utilize research from third-party provider AutoChartist. I rate LimeFx as better than the industry average in this category. Client orders received by LimeFx are offset by banks and liquidity providers. NDD (No Dealing Desk) brokers such as LimeFx act as intermediaries between the trader and the real market and receive a defined and transparent commission for it.

Adding additional regulatory licenses in Tier-1 jurisdictions would be a step toward winning more client trust. LimeFx has improved its educational offering with webinars and live trading session recordings and expanded its educational articles and videos. I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading. For example, the “minimum expertise” field lets you choose between newer systems, all the way up to those with legend status.

In addition, LimeFx boasts no slippage on 97.5% of its executed orders, and no overnight carry costs, yet has restrictions in place that can hinder high-frequency traders. The withdrawals are sent to SA bank accounts in few hours, so if you make the withdrawal request to your bank during business hours, it is normally received in the same day. The bonus is also available to traders in South Africa, we did not find any end date for this promotion. By and large, the MT4 platform is very simple and easy-to-use. Step 6) Select the account type with which you want to start trading and also select leverage, base currency, etc. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.

There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result limefx company reviews in losses. In ZAR this is ? R480 if you are using bank transfer to add funds to your account. There are only 3 account types available at LimeFxFX, but none of these account types has ZAR as the base currency.

This broker has many qualities suited to beginners but can also cater to experienced traders with the advanced features of MetaTrader. The global entity is unregulated, and this means clients benefit from fewer account protections. However, LimeFx states that it provides clients with segregated accounts and negative balance protection. A welcome addition would be third-party account insurance (such as a policy from Lloyds of London), as seen at some other popular offshore brokers.

The demo account features live quotes and simulates live market conditions in assets such as forex and CFDs on commodities, indices, and stocks. Once users have gotten up to speed on a demo account, they can easily switch to a live version. Robust charting is provided by TradingView, featuring 11 time frames, 11 chart types, and over 100 technical indicators.

LimeFx has made great strides with its pricing options for traders and its educational content, but suffers from a limited range of tradeable instruments. Other than bank payments, the other options are wallets (Skrill & Neteller). You need to make a minimum deposit of $50 if you choose this method, and you can withdraw a minimum amount of $5.

An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. 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. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. LimeFx offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable instruments. There’s no question – if LimeFx wants to compete with the best MetaTrader brokers, it needs to make improvements in its range of products and its research and education.

LimeFx mobile trading apps are useful for both advanced and beginner traders. The minimum deposit required to open the Micro Account is $25. You can either choose the floating spread that starts with 0.6 pips. With this account, LimeFx does not charge you any commission on the trade, only fees is their spread. If you consider their GBP/USD spreads for example, it is on average 1.1 pips with MT4 & MT5 accounts. Comparably, this is moderately higher than the overall fees charged by Raw spread brokers (we calculated spreads + commission).

The offshore entity also references its corporate registration number with the Saint Lucia authorities at the bottom of each page. However, there is room for improvement in terms of being clear about the unregulated status of the offshore entity. This section will cover how the different entities of LimeFx are regulated and how this impacts you as a trader. We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust. Steven Hatzakis is the Global Director of Research for ForexBrokers.com.