I started well but since first blow they’re manipulating the market, almost like they red flagged my account. LimeFX customer support staff is very helpful and can be contacted easily via Live Chat Support, Email or by calling at their local South African phone number. They offer MetaTrader4 (MT4)and Meta Trader5 (MT5) trading terminals which are as good a platform as any other (maybe the best). Their platform is perfect for forex and futures trading, and is developed by MetaQuotes Software Company. After you have submitted your documents, LimeFX will normally verify your account in business hours and revert to you on your email with account verified message.
LimeFX Broker Review: Customer Support
You can trade a maximum of 60 Lots per trade up to a maximum number of 500 orders. LimeFX South Africa is licensed by regulatory authority Financial Sector Conduct Authority (FSCA) with FSP Name HF Markets SA (PTY) Ltd since 2015. Plus, LimeFX Group limefx forex brokers reviews is regulated by globally reputed Top Tier Regulators including FCA, CySEC. So we consider LimeFX as a safe broker for traders in South Africa.
Traders can convert any of active trading accounts to an Islamic Account, allowing them to trade halal without limefx courses scam limitations. Experienced retail traders would benefit from this account type. With a 60 standard lot limit for a single transaction, this account’s position size flexibility is one of its key features. LimeFX Broker offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, Webtraders and its own proprietary app. LimeFX offers free online bank funding for clients who have online bank accounts with major South African banks. This includes African Bank, Bidvest Bank, Capitec Bank, FNB, Investec, Nedbank, Standard Bank, and TymeBank.
These are Micro account with the lowest minimum deposit of R70, Premium account with R1400 deposit, Zero Spread account with R2800 deposit & the Auto Account. First off, the biggest benefit is that you’ll get $35 of real money credited to your trading account without having to deposit any of your own funds. It’s a fantastic opportunity to test the waters and get a feel for live trading. Plus, any profits you make from this bonus can be withdrawn, which is a definite bonus. If traders have more experienced, knowledgeable, and sophisticated trading environment, they can join to become Professional Clients, who can manage and assess their own risks. For that reason, these kinds of clients are granted access to more favorable rates but afforded lesser regulatory protections than retail clients.
- Their platform is perfect for forex and futures trading, and is developed by MetaQuotes Software Company.
- Traders can earn extra income by joining the affiliate program offered by Markets.
- HF Markets ensures that traders make fast transactions 24/5 during the standard hours.
- With a keen eye for trends and a deep understanding of the Nigerian financial landscape, I craft compelling narratives that empower readers to make informed decisions.
- The trust and reliability review of the broker is very reassuring.
The broker provides a risk management mechanism known as negative balance protection, which is available to all retail trading accounts. When margin calls and stop-outs fail, the customer’s account does not have to be repaid to the broker because of LimeFX’s negative balance protection. Additionally, LimeFX forex Broker provides access to a variety of market analysis tools, including live news feeds and economic calendars. These resources can help traders stay up-to-date with market trends, understand market events, and make informed trading decisions. LimeFX charges traders spread & commissions, depending on your account type.
LimeFX Withdrawal Methods
This is the currency you will use to deposit, trade and withdraw. We recommend selecting the ZAR as the base currency for South African forex traders to avoid currency conversion costs. The minimum deposit is 300 USD for SPs and 100 USD for Followers, and accounts are only denominated in USD.
Frequently Asked Questions About LimeFX Broker In South Africa
Use the $50 LimeFX No Deposit bonus to test your trading skills and strategies. Traders looking for low-cost trading platforms with minimal minimum account balance restrictions are often confronted with restricted functionality and investor data. With its reasonable price and highly professional trading platform, LimeFX is an exception to this norm. Withdrawing funds from your HF Markets trading account is a straightforward process that can be done through the client portal or trading platform.
Islamic Account
Moreover, LimeFX is offers one of the lowest spread with their trading accounts out of all the brokers that we have tested so far. Established since 2010, the company provides trading services and facilities to both retail and institutional clients. For more than 9 years in business, HF Markets has around 1,500,000 live accounts opened and 200 employees globally. If you’re an aspiring trader looking to dip your toes into the world of forex trading, you may have heard of HF Markets’ $35 no-deposit bonus. This offer allows traders to start trading with real money without having to deposit any of their own funds, making it an enticing opportunity for beginners. The broker offers a variety of trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), as well as their proprietary platform, HF App.
The brokers accounts come with a variety of features and benefits designed to cater to investors’ needs and enhance their investment experience. The broker is a proud MetaTrader broker, offering both MetaTrader 4 and MetaTrader 5 trading platforms. LimeFX’s retail investor accounts are suitable for both novice and expert traders, as well as professional traders looking to get a competitive advantage in their trading. LimeFX also offers ZAR Trading accounts, and very low spread for trading with Zero account. They have online bank trasfer option available for funding & withdrawals in SA.