In addition, there is trader account security implemented by the Investor Protection and Compensation Scheme in case the broker goes bankrupt. Usually, these bonuses come with some terms and conditions, like a minimum deposit requirement and a specific percentage for the bonus. They may also have a maximum bonus limit based on your deposit amount. To get all the deets on the current bonus limits, it’s best to check out Lime FxFX’s official website or reach out to their customer support.
This is a huge advantage and a big reason why brokers like Lime FxFX are able to bring much lower minimum deposits to additional regions than might have been the original target. Minimum deposits at Lime Fx will vary depending on your country of residence and your chosen payment method. They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR).
You can trust that you’re getting the most up-to-date information for your trades. You can still use most features and services on the platform while they’re checking everything out. It’s also not difficult to open an account at Lime FxFX, you can immediately open your personal area, then the account you need. If you want a beginner-friendly and easy-to-use account, newbie usually use Metatrader.
It’s a relief not to worry about those eating into your profits. Quick responses whenever I’ve had a question or needed assistance. You got options for trading, like, it works on all sorts of devices.
However, you need several trading lots to withdraw your bonus. Suppose your deposit amount is $400, so the number of trading lots should be at least 100, which means you can withdraw the deposit amount after 100 lots. If you plan to start trading in a foreign currency account, you must first deposit to earn money. It is great for you at the beginning of the trade that Lime FxFX does not charge any commission for depositing or withdrawing money. Lime FxFX only covers the fees applicable to the payment system here, also by paying a much lower fee.
This multi-tiered approach to compensation ensures that traders maximize their earnings while actively participating in the market. To complete the withdrawal request, follow the instructions. This typically involves security-related verification measures. Traders who use the Lime FxTrader Account get competitive spreads and access to a diverse variety of trading limefx forex brokers reviews products. This partnership enables South Africans to access the potential of the financial markets through the assistance of a reputable broker, which is to their mutual benefit. An exceptional characteristic is the possibility of earning commissions of up to 80% spread RevShare, which equates to earnings of up to $12 per lot traded by customers referred.
You must have known FBS and Exness which always appear in several advertisements on social media. As for the Lime FxFx broker, I have never heard of this broker to be honest. I’m interested in this broker but maybe prefer to trade with a demo account to hone my trading skills. In this article, it is simply explained that Lime FxFx is subject to regulation in a number of different countries. I ask friends for clarification, is the Lime FxFx broker safe for my trades and funds? Lime FxFX is regulated by the Cyprus Securities and Exchange Commission (CySEC) and registered with the Financial Services Authority of St Vincent and the Grenadines (SVG FSA).
No trader directly wants to deposit $100 or more deposit. Considering so many aspects, one can understand how important minimum deposit plays in CFD and Forex trading. So in most Forex and CFD brokers, you look for these minimum deposit terms. Moreover, they also offer local bank deposit and withdrawal in GT Bank to Nigerian clients, which is a very good option and make them one of the few brokers that offer it. Forex Trading is currently not regulated in Nigeria, all forex brokers including Lime Fx are registering the clients under offshore jurisdiction. It is at your own risk when you trade forex through any forex broker, because they are not licensed in Nigeria.
To have a clearer overview on the matter, you should definitely read our forex brokers bonus promotions top ten. Also check out our guide to Lime FxFX account types before you open a real account. Some market analysis tools are economic indicators, market information, forex news, interest rates and holiday calendars.
Lime FxFX charges no commissions and additional/hidden fees, which makes the broker a safe space for traders, especially novice traders. Before making a deposit, the user should know whether Lime FxFx takes a commission in case of withdrawal or case of deposit? It also covers the percentage of fees applied by Lime FxFX payment systems. Whether there is a limit to the number of daily deposits of Lime FxFX.
Islamic accounts are designed to comply with religious requirements for Muslim traders. Islam forbids any way of earning interest, including swaps. With swaps, you earn interest for keeping trades open overnight, so Islamic accounts must be completely swap-free. With leverage, you can make significant profits much quicker when trades go well—but you can also lose just as quickly if the market moves against your expectations. That’s why some traders might want to limit their leverage to lower the risk.
An example of such a feature is the Lime Fx Demo Account, carefully crafted to replicate authentic market conditions and offer a seamless trading experience. This indispensable resource, replete with substantial virtual capital, is accessible to traders based in South Africa. If you’re a beginner, there are certain concepts and terms that you need to get familiar with.
Deposit methods may vary depending on the country, but popular ones include Visa, Mastercard, local banks, Skrill, Neteller, Bitcoin, Ethereum, and many more. If you want to invest in Gold, you should consider local investing options from your bank or an exchange listed Gold EFT. Overall the support at Lime Fx is good, other than the fact that they don’t have local phone number in Nigeria. But we found their live chat & email support to be responsive in answering our questions. To calculate the required margin and pip value of a trade, use our Trading calculator. No, while customer support is generally helpful, some users have expressed a desire for more in-depth technical assistance.
These are the Metatrader 4 for beginners, Metatrader 5 for experienced traders, and the cTrader account for progressive traders. Lime FxFX only supports two deposit currencies to fund traders’ accounts. Apart from these two currencies, no other currency can raise funds. As the broker Lime FxFX is in the average range, it allows the customer to deposit $100 as the minimum deposit in the first instance. This is just an offer, no special conditions are imposed here. This offer allows the customer to start a business with a minimum deposit.
We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity https://limefx.name/ or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. The broker offers a 50% deposit bonus on all account types except Islamic and demo accounts.
We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. 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. The educational materials provided by the broker are sufficient to help traders learn what forex trading is and grasp the basic concepts. You can find copy trading applications and an in-house trading application here. The broker is very helpful and easy for all traders, who are new to the international commercial market.