We recommend selecting the ZAR as the base currency for South African forex traders to avoid currency conversion costs. The minimum deposit is 300 USD for SPs and 100 USD for Followers, and accounts are only denominated in USD. Lime Fx is an award-winning, high-regulated Forex, Indices, Stocks, and commodities global broker headquartered in the UK.
- This is in addition to the rollover fee charged by the parties the broker works with for that particular security.
- Our review of Lime Fxartkers showed that the broker is currently offering two bonuses for South African traders.
- Once you’re ready, open a live account and make use of the bonus.
- It takes less than 3 minutes to open a Hotforex demo account.
- It would be very helpful if you as a trader know when and how to use a forex bonus effectively in order to get the maximum profit out of it.
Lime Fx Broker Review: Trading Bonuses
Lime Fx Broker offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, Webtraders and its own proprietary app. Lime Fx offers free online bank funding for clients who have online bank accounts with major South African banks. This includes African Bank, Bidvest Bank, Capitec Bank, FNB, Investec, Nedbank, Standard Bank, and TymeBank. This is the currency you will use to deposit, trade and withdraw.
HF Markets’ $50 No Deposit Bonus, a Chance to Trade Risk-Free
Use the welcome bonus forex $50 South Africa from Hotforex to trade all the company’s assets including stocks, indices and currencies. Lime Fx (formerly Hotforex South Africa) offers a number of trading platforms. This Lime Fx broker review found that withdrawing from Lime Fx in South Africa is easy and fast. Simply access your myHF area (Hotforex client area) and submit a Fund Withdrawal request. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital.
Yes, Hotforex, now called Lime Fx, is a reliable broker that has the best support and educational resources for its clients. Lime Fx forex Broker’s Learning Center has a wide range of educational resources, including video tutorials, webinars, eBooks, and articles. Our review of Lime Fxartkers showed that the broker is currently offering two bonuses for South African traders. These are the 10% top-up bonus and the $50 No Deposit welcome bonus.
How long does it take to withdraw money from Lime Fx broker?
Traders receive a 30% rescue bonus of up to $7,000 for all deposits over $50. Anyway, if you want to learn how to trade, I suggest you check out forex articles or watch tutorial videos. Some brokers provide these features for free, so you can check them out.
Which are the servers for Hotforex South Africa?
It is important to understand that the bonus itself cannot be withdrawn, but it’s possible to withdraw the profit made from the bonus. However, before you can withdraw any profits, you must fulfill the trading volume requirement of 1.5 standard lots. Many brokerage companies offer promotional campaigns to set them apart from the crowd and attract the attention of new customers.
It would be very helpful if you as a trader know when and how to use a forex bonus effectively in limefx website order to get the maximum profit out of it. You can treat it as a practice field or you can trade like your life depends on it. This is a much faster method of depositing and withdrawing funds than a standard bank wire, with deposits reflecting almost instantly and withdrawals received within 2 business days. After your documents are verified proceed to choose your preferred trading platform (MT4, MT5, Webtrader etc) and download it. Log in to your Lime Fx (Hotforex) account and deposit and start trading. It is developed to suit the needs of a more experienced trader who wants to take their trading to the next level.
Our in-depth Hotforex broker review found that various payment methods are processed in slightly different timeframes on Lime Fx forex. The Lime Fx accounting team confirms transactions quite quickly during business hours. Overall, Lime Fx includes great trading conditions, smart trading, superior trading tools, multiple account types, convenient platform options, and safe, secure trading. Lime Fx is an award-winning forex and commodities broker who is globally recognized for covering a well-rounded trading experience.
Unlike many other international brokers, Hotforex south africa offers ZAR trading accounts which are very convenient. It limefx broker reviews also offers fast and free deposits and withdrawals in South African Rands from a range of local banks, including FNB, ABSA, Nedbank, and Standard Bank, among others. Therefore, they can start trading risk-free and get to know the broker as well as test the platform. Additionally, traders can withdraw profits earned from trading with the bonus once the trading requirements are fulfilled. However, it is important to do your own research before opening an account with any broker. The $50 no deposit bonus is one of the deals that the broker offers for new clients specifically.
What I saw was, there is a sufficient amount of choice for everything. You literally have so many choices in terms of the assets you are able to trade and follow, platforms, accounts, additional tools you can pick, great educational resources. Many traders choose brokers based on the number of bonuses they offer and simply choose the highest. Of course, this is not the way to it, and most of the time, this is the reason why traders fail to cash out their bonuses. To be eligible for this bonus, you must have opened a live trading account with the broker and must be at least 18 years old or of legal age in your country of residence.
Lime Fx Broker offers a comprehensive Learning Center with a range of educational resources, including video tutorials, webinars, eBooks, and articles. The Lime Fx Demo Account has been designed to closely simulate a real trading environment based on actual market conditions. It takes less than 3 minutes to open a Hotforex demo account. I would like to add that no deposit bonus is usually very small (ranging from $10-100). While it may give you a little boost to start trading in the real world, but it may not be enough for a profitable trading strategy.
Once the withdrawal request is submitted and approved, the eligible profit will be automatically transferred internally and available for use or withdrawal. The bonus account will be automatically closed after the withdrawal is successful. Lime Fx or HF Markets (Previously known as Hotforex) is offering a $50 no-deposit bonus to its new clients. However, this $50 no-deposit bonus is valid for users from Malaysia, the Philippines, Singapore, South Korea, Brunei, Cambodia, Laos, Thailand, and Vietnam.