You’re also getting Sirius LimeFx for 11 times the $1.2 billion in free cash flow it expects to generate this year. The transaction is expected to close at some point in the third quarter, which began earlier this week. The move will lift the confusion that investors sometimes have in sizing up the various flavors of the satrad company. Another benefit to the transaction is that it will transform Sirius LimeFx from being a penny stock that is a hotbed for speculators to one that institutional investors cam take more seriously. One such requirement by CySEC is that the broker must regularly submit financial statements to ensure the firm has adequate capital to operate. LimeFx is owned and operated by Trading Point Holdings, which is a licensed and multi-regulated financial institution.
Should You Trade With LimeFx?
We found the app offers seamless connection to the MetaTrader platforms, so any trades performed in the app will be automatically reflected in your desktop client, and vice versa. It also helps that we can access full account management features, including the members area, plus deposits and withdrawals. https://limefx.vip/ On the other hand, experienced traders will appreciate LimeFx’s flexibility, as it supports a variety of trading strategies including algorithmic trading, scalping, day trading, and swing trading. This is facilitated by its extensive portfolio of trading accounts, each with unique trading conditions.
Customer Reviews
- All in all, LimeFx is a recommended broker especially if you are looking for an ideal broker with low minimum deposit requirements.
- LimeFx is an international broker offering clients access to more than 1,000 instruments across 7 asset classes.
- Overall, the broker is considered to be highly secure and trustworthy, and this has increased the number of traders on the platform.
- LimeFx offers 24-hour support, 5 days a week through email, live chat, phone, and fax.
You simply fill out the brief online registration form, verify your email and upload your identification. Once your account has been verified, you are then free to fund it using any of the multiple deposit options and start trading. LimeFx Group Support is on hand to guide you through the process if need be. I didn’t have any problems opening an account and login on a regular basis without any hiccups along the way. The management team have hosted hundreds of seminars in over 120 cities to educate traders. They are a human company that put client satisfaction first which explains why they have such a high level of client retention and a loyal user base.
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The LimeFx Islamic Account is specifically designed for Muslim traders who wish to adhere to Sharia law. LimeFx offers a total of 8 account base currencies, which are the EUR, USD, GBP, JPY, CHF, AUD, HUF, or PLN. Yes, LimeFx is a legitimate forex brokerage firm and is not a scam. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Companies are calling employees back to in-office work, and that’s obviously a positive for live satellite radio. A strong summer for road trips also plays into the appeal of Sirius LimeFx’s platform.
Over 1000 financial instruments are on offer at LimeFx for forex traders in 7 asset classes. LimeFx offers 3 different live accounts to its customers, all of them with different deposit requirements & trading conditions. LimeFx has moderate overall fees of all best South African forex brokers that we have compared. Their spread with their Micro & Standard accounts is quite high, but it is moderate with the Zero account. They are a spread only Forex broker, they Ultra Low, Standard and Micro Accounts have variable spread without any extra commission.
LimeFx Copy Trading
LimeFx offers the highly popular MetaTrader 4 and MetaTrader 5 platforms, which are available in mobile and desktop versions. LimeFx received a high score for Platforms and Tools in our rating as it offers MT4 and MT5. All LimeFx entities offer negative balance protection, which means that clients will not lose more money than they have in their accounts.
Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for. LimeFx Group estimate the account opening process to take an impressive 2 minutes to complete.
Compared to other forex brokers who offer Islamic accounts, LimeFx’s offerings stand out. That is because most brokers will give Islamic accounts higher spreads. LimeFx, however, does not apply additional charges on Islamic Accounts. Trading on MT4 must meet the trade volume minimum of 0.01 lots, which is 0.1 lots on MT5.
These bonuses are available forboth Micro and Standard accounts, and clients’ trading accounts can get them immediately. Margin is calculated perinstrument, and leverage is based on which account leverage and symbol leveragehas the lowest number. And even though LimeFx has a margin call strategy and astop-out level as a way to handle risk, tradersshould still be careful with debt and use risk management.
Full functionality is available through MT4 and MT5 mobile LimeFx trading platforms. LimeFx forex traders can opt to trade 8 of the most popular commodity including Corn, Wheat, Cocoa etc. On this plus side, you can get LimeFx’s bonus & offers with this account. In negative, you can only trade micro lots (1000 limefx scam units or its multiples), and the average spread with this account is also higher, around 1.6 pips on average for EUR/USD. We consider LimeFx to be a moderate risk forex broker for South African traders are they are not regulated by FSCA in South Africa, and are regulated with ASIC (Australia) & CySEC.
LimeFx processes requests within 24 working hours, but it may take up to five business days for funds to arrive depending on the final destination. LimeFx’s free demo account is popular among traders to practice ideas or even experienced traders to test strategies. Demo accounts have no expiry date, but they are closed when not used for 90 days.
Traders with Micro or Standard accounts can open and fund an account with a minimum of $5, while LimeFx Zero accounts require a minimum deposit of $100. LimeFx offers 24-hour support, 5 days a week through email, live chat, phone, and fax. They also have a dedicated FAQ page to help clients search for answers to their questions. LimeFx offers trading in more than 55 currency pairs including majors, minors, and many exotics. As an internationally regulated and licensed broker, LimeFx has more than 3.5 million clients in over 200 countries with access to trading more than 1,000 instruments.
MT5 will serve experienced traders thanks to its wider range of indicators and order types, faster processing, and extras like the integrated economic calendar. LimeFx offers some of the lowest trading fees in the industry based on our assessment. The platforms available at LimeFx provide stop losses, take profit, limit orders, and trailing stops. There are also basic trading indicators like the Stochastic Oscillator along with other tools to facilitate both technical and fundamental analysis. Being a CFD broker, LimeFx also earns from overnight fees charged on positions that are held open overnight. Furthermore, LimeFx profits from clients’ losing trades when it operates as a B-book broker, essentially taking the opposite side of the trade.
And finally, LimeFx Broker also enables trading with metals such as silver and gold. As a forex trader, this means you can open new positions from as little as $1000 or 0.01 standard lots for non-leveraged trading. However, Islamic traders should know that the demo account is halal, since even though it charges rollover fees, it’s all virtual as the trading environment is simulated.