LimeFxFX traders are able to executive lightning tradesat visible prices without any slippage. LimeFx offers platform versions for both Windows and Mac desktops. LimeFx offers attractive pricing, with clear and understandable fees.
Similar apps
LimeFxFX basically offers two types of trading options – spot market trading and contract for difference or CFD trading. Traders can invest in a range of options on LimeFxFX including currency pairs, cryptocurrencies, stocks, market indices, precious metals, and other commodities. This combination of financial investment options allows for great profit potential. Investors can benefit from trading on the most popular market indices such as NASDAQ, Eurostoxx 50, Dow Jones etc.
- I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading.
- But since they are not approved ODP, this makes them moderate risk broker for SA traders.
- There are only 3 account types available at LimeFxFX, but none of these account types has ZAR as the base currency.
- You only pay the variable spreads on every instrument LimeFx has on their trading platforms.
Tradable Instruments
You only pay the variable spreads on every instrument LimeFx has on their trading platforms. For withdrawal requests, the processing time is almostinstantaneous and validated through an email. This account type is for professional traders who canmake prudent investment decisions. It offers a great deal of mobility as itrequires no markup and provides ample liquidity access. OcatFX is one of the most well-known CFDs and Forexbrokers in the world at present.
Versatile Tools for Every Trader
LimeFx offers a broad spectrum of tradable instruments to cater to different trading interests and strategies, though it doesn’t include all potential asset classes. Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). Founded in 2011, LimeFx (formerly LimeFxFX) is part of a group of global entities, which include LimeFx Markets LTD (based in the island of Mwali) and LimeFx Markets Cyprus Ltd (based in Cyprus). LimeFx also provides financial services through its intermediary, Orinoco Capital (based in South Africa).
Exploring a Versatile Trading Platform
There’s no question – if LimeFx wants to compete with the best MetaTrader brokers, it needs to make improvements in its range of products and its research and education. LimeFx has improved its educational offering with webinars and live trading session recordings and expanded its educational articles and videos. I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading. LimeFx offers barely 277 tradeable instruments, which varies by platform, with the most on its MT5 offering. By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments. LimeFx has made great strides with its pricing options for traders and its educational content, but suffers from a limited range of tradeable instruments.
Futures Fees
There is virtually no performance differencebetween these mobile apps and desktop apps. An increasingly popular platform on LimeFxFX, MT5 hasbeen considered by many limefx official site as a potential replacement for MT4. In addition to theMT4 features, it provides a far more customizable interface, stop limit orders and native economiccalendar.
Check out my picks for the best mobile trading apps in the industry. ForexBrokers.co.za is a broker comparison & education website for South Africans. We aim to help traders in South Africa find the best forex brokers. The Web Trading platform provides useful features for advanced traders like single-click trading. Meanwhile, it has limited advanced order functionality and chart views. The globally recognized trading platforms like MetaTrader 5 and MetaTrader 4 are offered by LimeFx for trading through Web – Windows and Mac and Windows Desktop.
LimeFx, in this regard, stands firm as it complies with all necessary regulations and takes substantive measures to ensure client funds’ safety. Retail sales are important numbers because they provide good signals about the state of the American economy. The initial and continuing jobless claims numbers will also provide more information about the labor market, which the Fed is now increasingly focused on. Yes, LimeFx is regulated by FSCA, but they are not an approved ODP.
Its growth has enabled LimeFx to continue to expand its products and services. Adding additional regulatory licenses in Tier-1 jurisdictions would be a step toward winning more client trust. Though it has been granted regulatory status in Cyprus and South Africa via an intermediary (Orinoco Capital), LimeFx’s lack of additional reputable licenses heavily weighs down its Trust Score. Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers. My name is Bontle Phike, I traded with LimeFxFX I am still waiting for my withdrawal till today. I am still waiting till date, my account manager is Jason and the Agent is Robert Wesley.
For example, if you made deposit using bank transfer to LimeFx, then you cannot withdraw to your Skrill wallet. Step 7) Click on Deposit button and select your preferred payment method. You are not charged any commission for withdrawing or depositing funds at LimeFx. LimeFx Group https://limefx.vip/ is regulated with Tier 2 regulator CySEC – Cyprus Securities and Exchange Commission. One of their entities is also registered in South Africa regulated under FSCA. But their SA entity is not approved as an ODP (their local entity have not applied for ODP licensing).
All three account types, beneficial for both beginners and professionals, provide fair and competitive conditions. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. LimeFx offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable instruments.
LimeFxFX offers multiple channels for investmentincluding credit/debit cards, bank wires, Skrill, Neteller etc. Traders fromspecific countries can also opt for local bank transfers. The deposits must be in USD or EUR and must be atleast $5 or equivalent for micro account balances.