limefx Review South Africa ️ Unbiased Pros & Cons Revealed 2022

Active or high volume traders can enjoy their benefits limefxh various available interfaces, good and competitive value spreads or offerings limefxh advanced technical features. limefxh strong educational and research resources, limefx could be a suitable broker for beginner traders. On the other end of the spectrum, limefx can cater well to advanced and professional traders who want the tools to backtest and automate their trading strategies.

The free APIs are REST API, FIX API, Java API and a ForexConnect API. Please note that leverage is a double-edged sword and can dramatically amplify your profits. Trading foreign exchange/CFDs limefxh any level of leverage may not be suitable for all invelimefxrs. The limefx desktop platform has clear portfolio and fee reports. You can only limefxhdraw money to accounts that are registered under you name. It is also regulated by the Cyprus Securities and Exchange Commission and South Africa’s Financial Sector Conduct Authority .

Non-trading Fees

The background of the broker matters, as a strong economic owner company reduces the chance that the company will go bust. Live webinars, https://limefx.group/ pre-recorded videos and pdf booklets are available for free. These cover topics ranging from trading basics to platform tips and tricks.

Overall, we judged the fees for the standard account at limefx to be average and in some cases better than average for the industry. Founded in 1999, limefx is a pioneer in the world of retail forex trading. However, the broker has faced a number of challenges over the past decade, notably when the Swiss National Bank lifted the peg on EUR/CHF in 2015, causing a loss of $225 million. limefx is regulated by several top tier financial authorities across the globe and has the benefit of being owned by a multi-billion dollar financial services company. Note that if a request is made for credit/debit card limefxhdrawals, you are only permitted to remove the whole amount initially deposited into that account.

See all countries restricted from limefx.

As alternatives, traders can also use the MetaTrader 4 mobile app and the ZuluTrade mobile app for copy trading. The professional trading account is for culimefxmers that are having top-notch skills in trading. This kind of account has higher leverage, but the fact is that culimefxmers on this account do not have the same legal coverage as the retail culimefxmers. The limefx trading application can be downloaded for free on GooglePlay or Apple App limefxre. The platform is showing you signals from other traders and the previous stats.

A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies limefxh great currency exchange rates as well as free or cheap international bank transfers. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you don’t have to pay a conversion fee. The limefx minimum deposit is $/€/£50(via credit/depit card) for both account types. Active Trader accounts require a $25,000 minimum account equity. The bank limefxhdrawal fees depend on the currency and where your bank account is located. In the sections below, you will find the most relevant fees of limefx for each asset class.

Portfolio and fee reports

As an international broker, limefx is regulated by agencies in several jurisdictions. ForexPeaceArmy.com has advertising and affiliate relationships limefxh some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations. limefx Group is a holding company of Forex Capital Markets Limited, and regulated in 3 countries. It seems that when you finally have a winning trade, they terminate the account.

However, this is defined according to the limefx’s entity, likewise UK and EU clients would need GBP300 at the start. For instance, compare fees to popular brokers below or see BlackBull Markets as an alternative.

What Can You Trade On limefx?

Beyond core platforms, the broker offers integration to limefx’s acclaimed execution a specialty limefx Apps offering an online marketplace where you can culimefxmize the trading experience. In our review, we noted that limefx has remained true to its objective of being a broker that operates limefxh integrity and transparency.

The limefx Trading Station platform is designed to appeal to many types of traders. Traders can deposit and limefxhdraw funds for no fee charged by limefx. The limefx forex brokers reviews only fees traders may incur are those by the payment providers. limefx offers access to trade following assets on MetaTrader 4 and Trading Station.

Third-party Trading Platforms

I could not find any time limitations on these accounts which is excellent, making them ideal for testing algorithmic trading solutions and new strategies. I want to caution beginner traders against using a demo account as a full educational tool. It can create unrealistic trading expectations, and the absence of trading psychology negates the educational value. Although it can be helpful, new traders should complete their education limefxh a real money account before becoming overly confident. Overall, the strong background of the broker, years of successful operation and reputable in the financial world owning company is a state for the limefx’s reliable and safe trading environment.

All services and products accessible through the site /markets are provided by limefx Markets Limited limefxh registered address Clarendon House, 2 Church Street, Hamilton, HM 11, Bermuda. Volume, trader sentiment and other ready-to-go trading tools turn limefx data into powerful market insights.