They also have live chat on their website, but there is a hold time of few minutes. Scope Markets (SCFM Limited) is licensed with CMA as non-dealing online foreign exchange broker with license no. 123. Exness does not charge any extra commission for deposit & withdrawals via Mpesa. Exness is also regulated with CMA as Tadenex Limited (Trading as Exness), with License No. 162. We did not scammed by limefx experience a hold time of more than 60 seconds during our tests when connecting. Their other instruments are limited – include 12 global Indices, a wide variety of Share CFDs, and CFDs on 8 commodities including Platinum, Silver, Gold, and Oil.
Plus, Lime Fx has multi-device MT4 & MT5 platforms, which comes with charting tools for easy Technical analysis. Hotforex accepts Nigerian customers & you can open Naira accounts. Opening an Account with them is standard & straightforward like any other broker.
Pros
Upon successful deposit, the funds will be credited to your myWallet, which you can then transfer to a trading account on your dashboard to initiate trading. Step 5) Upon successful deposit, the funds will be credited to your myWallet. Transfer these funds to a trading account on your dashboard to commence trading. Some assets are unavailable for trading, depending on the Lime Fx entity.
Are there fees or delays with Lime Fx withdrawals?
Besides, the Lime Fx leverage structure intends to increase potential gains. Sometimes, the gains can be multiplied by a certain number of times. Like the deposit methods, withdrawal methods also come with a wide variety of options, such as wire transfer, union pay, visa, MasterCard, and other online digital payment options. However, the processing times for Credit/Debit Card deposits are long, which can be frustrating for traders who need to make quick transactions. Lime Fx offers multi-currency payment options for deposits, giving you more flexibility when it comes to managing your finances. Lime Fx is also regulated by several other authorities, including the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC) in Cyprus.
- We are committed to transparency, accuracy, and comprehensive insights.
- Yes, Lime Fx provides access to a wide range of cryptocurrencies through CFDs.
- Bank transfer deposits take 2-7 business days to reflect on your trading account.
Lime Fx is a well regulated broker (regulated by Top-tier regulators FCA, CySEC, FSCA), so we consider it very safe to deposit funds & trade with them for traders in Nigeria. All services are offered similarly to zero account including personal account manager, market execution, telephone trading, and personalized service. This account is targeted at day traders and swing traders as they prefer small spreads and zero fees because often they might hold positions overnight or even over the weekend.
- Lime Fx offers traders access to over 1,000 instruments across various asset classes.
- While some data may be verified by industry participants, FxScouts maintains full editorial independence and never allows third parties any control over our work.
- This ensures accessibility to traders of all levels and gives flexibility to start trading without financial pressure.
- This account offers a 20% bonus on every eligible deposit, up to R90,000.
MT5 expands on MT4 with more advanced charting capabilities, a wider selection of technical indicators, and enhanced backtesting functionalities. You’ll be presented with Nigerian bank accounts linked to HF Markets for your payment transactions. The ratings and third-party reviews presented below are provided for informational purposes only and may not accurately represent the broker’s quality.
Also, the local brokers will have an Office address where you can visit. All the 6 regulated Non-dealing forex brokers in Kenya have these info on their website. The forex brokers that are regulated by CMA are ‘non-dealing members’ which you can see in the screenshot below. This means these brokers cannot act as the counter-party to your trades & can only link you to other participants. We did not experience a hold time of more than 2 minutes when we tested their support with Live Chat at 3 different occasions.
It grants access to a broader range of CFDs, including forex, spot indices, gold, spot energies, and silver. The broker provides access to trading platforms that are relatively easy to use, with features such as competitive spreads and support for different trading strategies. In this Lime Fx broker review, we will explore what to expect from the broker, including its trading platforms, available instruments, regulations, fees, and other essential features. The Lime Fx Zero account offers spreads starting from 0 pips, with a trading volume commission of $6/lot round turn, which is 14% cheaper than the industry standard commission of $7/lot. You can open a premium account with a minimum deposit of $100, which grants you access to more features and tools.
However, Lime Fx will cover these commissions if you deposit more than those amounts. This ensures clients’ investments are secure and minimises the risk of losing more than limefx scammers their initial investment. Disclaimer – BrokerBenchmark.comRisk DisclaimerPlease note that trading and investing in financial instruments, commodities, and other assets involve a high level of risk.
Lime Fx offers a powerful copy trading solution through its proprietary platform, HFcopy. This feature enables users to automatically replicate the trades of experienced strategy providers. With HFcopy, traders can browse a curated list of strategy providers, analyse their performance metrics, and seamlessly copy their trades. Step 4) To transfer funds between accounts, find ‘Transfer Funds’ on the left side menu of your dashboard.