Corporate, Trust, and IRA accounts, if geographically available as an option, require a minimum deposit of $50,000. The difference between standard and active trader accounts in LimeFx brokers is that the mini account includes a dealing desk. The dealing desk plays a significant role limefx company reviews in creating the Forex exchange rate. Market makers highlight business ratings by providing purchase and sale prices. If you want to save a lot less money, you may have to pay a much lower fee here at LimeFx. However, it will only cover the fees applicable to the LimeFx payment system.

User Experience

For deposits between $300 and $4,999, the referrer gets a $100 bonus, which doubles to $200 for deposits from $5,000. The referee must trade 200 or 500 contracts, https://limefx.biz/ respectively, within 90 days, making it a challenging low-payout bonus to receive. Only the St. Vincent and Grenadines subsidiary offers bonuses.

1. ForexBrokers.co.za is a broker comparison & education website for South Africans.
2. If you want to save a lot less money, you may have to pay a much lower fee here at LimeFx.
3. When comparing the spreads to other brokers, FXTM at first glance appears to have only average spreads.
4. The Trading Guides provide more detailed educational content, and new traders get considerable material to deepen their knowledge base.
5. These regulatory bodies enforce strict financial standards on LimeFx, including capital adequacy requirements, and have the right to fine firms and terminate their regulatory status for violations.

LimeFx Regulation & Safety of Funds

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Is LimeFx regulated?

It confirms their commitment to continue investing and improving their trading environment and maintaining a competitive edge for its clients. Should traders require assistance, they may call the toll-free numbers provided, use messaging app WhatsApp, e-mail the support team, engage via live chat, or contact the trading desk. The extensive support system in place is superior to most competitors, but very few traders will be likely to ever require it.

LimeFx minimum deposit – Payment methods tutorial

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Finally, some of LimeFx’s educational content is only available if your balance exceeds certain minimum thresholds. While minimum balance requirements could incentivize some traders to utilize the educational resources, I think it’s better to make the content free for all clients. Motivation can instead be inspired by creating interactive courses that feature quizzes and incorporate progress tracking. It’s worth mentioning that your trading account balance must meet a threshold to access certain educational content. The LimeFx minimum deposit requirement for the individual account types, CFD and Active Trader is $50 or a local currency equivalent.

The LimeFx Python package is offered exclusively for the REST API and consists of CFD Python wrappers to simplify algorithmic trading solutions. This broker also provides market data, further supporting third-party automated trading solutions. Entry-level data is free of charge, while premium data comes at a (reasonable) price.

Besides, traders and investors can also make deposits using wire transfers. Electronic wallets are also supported, like Union Pay and Neteller. One of the conditions offered by an online broker is the minimum deposit.

This means that even after you open your standard account, you can continue using the demo account to test your trading strategy. It is important to highlight that the most famous payment methods are offered with no fees charged from LimeFx’s part. European and British traders are required to deposit at least $300 to open a real account.

Active Traders commissions can be less than most ECN brokers once you factor in that LimeFx has lower commissions. Click here to go deeper on the LimeFx account types guide in case you want to find more on the topic. LimeFx has been around for years now, and LimeFx ZA is regulated with FSCA. And the LimeFx Group is well regulated in multiple jurisdictions including Top Tier Regulator FCA in UK, so we can say that they are very safe. LimeFx is a regulated broker & they are also regulated with the South African regulator FSCA. LimeFx has an online application form, which is the standard operating procedure.

The deposit currency for LimeFx will be dependent on the base currency a trader has chosen. LimeFx also provides negative balance protection to retail clients. Unfortunately, LimeFx is unavailable to U.S. traders at this point in time. Here is a comparison of LimeFx minimum deposit with that of their competitors. LimeFx does not charge any fees for depositing or withdrawing with this method. Steven Hatzakis is the Global Director of Research for ForexBrokers.com.

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. Trading Forex, CFD, Binary Options, and other financial instruments carry a high risk of loss and are not suitable for all investors. 66-84% of retail investor accounts lose money when trading CFDs with the providers presented on this site. The information and videos are not investment recommendations and serve to clarify the market mechanisms. The texts on this page are not are not investment recommendations.

The LimeFx Trading Station forex platform is generally hard to fault, it has a very user-friendly design and comes with has become LimeFx’s hub for investment advice. One of the key features of the platform is the free professional charting tool known as Marketscope 2.0 which consists of price alerts, charts and a wide selection of indicators. One of the key features of Marketplace is the ability to open and manage all your trades directly from the charts. This means you can perform all your trading analysis, opportunity identification and order execution all in one place.