Lime Fx is a well-established broker with a strong reputation for security and regulation. They offer a user-friendly experience with popular trading platforms, competitive spreads (depending on the account type), and educational resources to support traders. With numerous brokers in the market, finding an ideal broker is not a walk in the limefx park. For instance, Lime Fx offers various advantages, including no minimum deposit requirement, tight spreads, and zero commission accounts.
For ECN brokers, Exness & HotForex are very competitive with their spread. Tickmill too has Pro Account which is an ECN type account with Raw Spread & only $4 commission per 100,000 units (Standard Lot). When choosing any forex broker, South African traders must carefully check & validate the licenses which are issued by the FSCA to the broker they are choosing. If a broker does not have the required license, but they are still onboarding clients for an unapproved product, then they are not does so legally. The overall trading fees at BDSwiss is on the higher side limefx forex broker when compared to other brokers. Classic Account (which have lower deposit requirements), the variable spreads that you will pay for majors is on the higher side typically.
This starting point balances accessibility with enhanced trading conditions for those ready to elevate their market presence. Additionally, both PAMM account types offer an islamic swap-free option. Both Lime Fx PAMM account types operate exclusively with USD as the base currency and require a minimum deposit set at $250. Top Up account grants access to all Lime Fx trading instruments and provides a minimum trade size of 0.01 lot. Premium Pro account provides access to all Lime Fx trading instruments with a minimum trade size of 0.01 lot. Pro account provides access to all Lime Fx trading instruments with a minimum trade size of 0.01 lot.
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Stop loss will set a particular position to be automatically closed at the predetermined price, sot that you won’t lose more than you define. Alike Wire transfer will take 2-10 working days, also depending on your bank and international policy processing, while ewallets will load the request Instant. In order to proceed with the Withdrawal, you should access your myHF area and submit a Fund Withdrawal request. Lastly, there is a fee charged in case you didn’t use your account and show no activity for 6 months or more. After this your account entitled to 5$ Lime Fx inactivity fee per month. From the very beginning you may sign in for Demo Account and then transfer it to a Live one just by depositing money.
But the commission if you choose cTrader is $6 per lot, instead of $7/lot with MetaTrader Raw spread account. FxPro Group is a well regulated forex broker, but they are not regulated in SA. Also, FxPro operates No Dealing Desk model, which means there is no conflict of interest.
Trading Platforms
So make sure to verify account conditions in detail before you sign in. Lime Fx provides an unparalleled variety of account options with 6 different accounts with specific requirements. The range offers Micro, Premium, Zero spread, HFCOPY, PAMM Premium Accounts and along with the Islamic Account suitable for traders from the MENA region or beyond. Lime Fx offers various leverage levels from the “modest” one as determined by European regulations and various other measures, and up to very high ratios.
- However, Wire Transfer may involve some correspondent fees according to your bank and international policies.
- Another noteworthy safety feature that our experts found is that Lime Fx Markets upholds client fund segregation.
- They were founded in 2010 & have been regulated by FSCA as HF MARKETS SA (PTY) LTD since 2016.
- Lime Fx offers daily market analysis that covers current market trends and key financial instruments.
Filippo Ucchino started his trading career in Forex trading in 2005. He became an expert in financial technology and began offering advice in online trading, investing, and Fintech to friends and family. Filippo specializes in the best Forex brokers for beginners and professionals to help traders find the best trading solutions for their needs. He expands his analysis to stock brokers, crypto exchanges, social and copy trading platforms, Contract For Difference (CFD) brokers, options brokers, futures brokers, and Fintech products.
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Some assets are unavailable for trading, depending on the Lime Fx entity. Such is the case of cryptocurrencies for retail traders residing in the EU, UK and Australia, under the HF Markets entity. Lastly, Lime Fx earns from B-book execution of some trading orders where Lime Fx acts directly as counterparty, earning on losing trades. Ultimately, this means that traders get the very best price from the many liquidity providers that Lime Fx has in place. No, the only Lime Fx demo accounts available are the Cent, Zero, Premium and Pro accounts.
- Lime Fx (HF Markets) has earned a rating of 4.3 out of 5 on Trustpilot.
- The spreads and other facilities are also good enough to give this broker a try.
- Only the forex brokers who have ‘approved’ license status for their application with FSCA can legally offer derivatives like CFDs (on different instruments) to clients in South Africa.
- Yes, based on your detected country of NL, you can open an account with this broker.
- Compared to the other brokers, the variety of support language of Lime Fx broker is really impressive.
However, you retain full control of your account, including risk management such as setting stop loss. As a strategy, provide you with benefits with performance fees on successful trades. Of course, there is a mobile trading platform as well a Lime Fx Mobile Application with an option to trade “on the go”. MT4 and MT5 mobile trading are known for its advanced capabilities and interactive charts with almost the same productivity as its full versions. Besides, there are over 30 technical indicators and 24 analytical objects, so mobile capabilities are truly great. What is also great with MetaTrader is its computability with various devices.
Select another broker to another broker to compare features, fees, and platforms side by side. Chris Cammack is the Partner Manager and a financial writer at FxScouts. Chris builds and maintains our relationships with our partners to provide our users with the best Forex trading experience. Or even if you want to be on safe side of margin requirements, you can keep R90,000 in your trading account. There are 2 important points to understand regarding the safety of your funds with any forex broker. Also depending on your account type, the minimum requirements to open the account would be different.
Yet remember that leverage may work in reverse too, defining also your risks, that is why it’s so important to understand how to use tool smartly. In simple terms it means the broker is regulated and authorized to offers its trading service along with necessary safety measures and controls applied. The offering is user friendly, with large portfolio for Forex and CFDs, fees are considered low and there is good education section suitable for beginning traders. Meanwhile, Lime Fx offers its trading service along with the applicable licenses that regulate the Forex industry, therefore delivers service trustworthily. Brokersway is a website that provides unbiased reviews, ratings, and comparisons of online forex and CFD brokers.
He took the initiative to teach me how to archive my MT5 account and reopen another MT4 Trading Account successfully Thank you . Opening my Lime Fx account was made uncomplicated with the assistance of my customer service manager Richard. His quick response and and professional service is always on point. Your satisfaction is important to us, so please connect with our support team via chat or email, and we’ll work to resolve your issue promptly. Has many strategy providers and ability copy different signal providers. This broker suits me completely, the profits are small yet they are very consistent so I am sticking with repeating the process again and again.