In this LimeFx review, we will dive deeper into LimeFx’s features, pros and cons, the account opening process, deposit and withdrawing processes, and many more. Even though other forex brokers offer a larger portfolio of tradable financial instruments, LimeFx’s selection of assets available for trading are solid. The selection is especially beneficial for a more targeted trading approach.
After choosing a PAMM account, you can invest and monitor the accounts. At present, there are thousands of PAMM accounts to choose from. Though I have to warn you that past performance is by no means a guarantee of future performance. LimeFx has also been into sponsorships of athletes, professionals, and sports tournaments.
You can check out our broker ratings for some alternative brokers with additional regulations. I found the assets listing of LimeFx to be very small compared to that of top-tier brokers like IG. I believe improvement is much needed on the training resources provided as many people prefer video lessons like those provided by Fortrade. LimeFx also provides you with Autochartist, trading signals, expert analysis, and other tools to assist you in making your trade decisions. PAMM and investor accounts are also available if you prefer to invest your funds in other traders. You are given direct market access via the ECN accounts which are available on MetaTrader platforms.
Commissions & Spreads
After the trading experience I can confirm that information on the Russian blogs, really true, they SCAM brokers. I don’t like how LimeFx only has offshore regulators as these could be considered to be inferior to that of the FCA, ASIC, or CySEC. Most traders and experts advise against trading with offshore regulated brokers.
However, regulation could be improved as could the number of trading instruments offered. In all fairness to LimeFx, account funding options is an area they really excel in. You can make deposits and withdrawal using a generous range of payment options. This includes the standard bank transfer and card payments you would expect from most brokers along with a variety of digital wallets. They even support cryptocurrencies which not many brokers do.
You can also reach them through their social media platforms which include Facebook, Twitter, YouTube, and Instagram. I would’ve appreciated it if limefx review their support team was available on weekends as well. When compared to other brokers, I found LimeFx to have a limited number of tradable assets.
LimeFx Limited is authorized by the International Financial Services Commission of Belize. Theminimum depositrequired to open anLimeFxAccount is $100 USD. LimeFx is one of the largest forex brands across the globe with over 20 years of experience in the forex industry. LimeFx has 8 global locations across three continents with more than 2 Million registered users worldwide. The LimeFx International MetaTrader mobile trading apps are covered in more detail in the video review.
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. Go Markets offers 50 currency pairs, 3 cryptocurrencies, and 0 stocks and shares. If you’d allow us to, we would like to look into your inquiry and give you a full explanation of your situation. Kindly send us your MyLimeFx account number and your trading account number to , providing a detailed explanation of your issue.
Both platforms can be used with desktop computers, as mobile applications, and via web platforms that are compatible with major operating systems such as Windows, Mac OS, and Linux. Spreads start from 0.0 Pips and are only fixed from 2.0 Pips on the nano.mt4 account type. Withdrawals can be made from logging into the LimeFx International website and selecting ‘My Money’ from the left sidebar. Withdrawal methods include credit and debit cards, Neteller, Skrill, FasaPay and many more mediums, all with different withdrawal fees.
Video tutorials are published on the site for those who are new to stock market speculation. The Central bank of Russia announced on Thursday it had revoked the licences of the country’s largest companies that provide clients with access to the forex market. These companies, which include LimeFx, lime fx, Forex club, TrustForex and Fix Trade had violated central bank regulations. Also, it has revoked the qualification certificates of the chiefs of… LimeFx solutions meets various traders’ needs, through different types of execution and a variety of tools to choose from.
30 euros tranfer fee can be a bit steep for small time forex traders which luckly i am not. Slippage isn’t always great during high impact news times but more than acceptable. But other than that this is a solid all round broker that is good to use long term. Every broker charges a commission fee for the services rendered, and they make their revenue by charging commission fees from the registered investors on their transactions. The commission fee however may differ based on the financial asset, trading type, and the level of trading account the user has. No commission fee is charged if the market order is not executed by the brokerage.
Engine Forex is an information service covering a variety of brokers and products for trading online. By browsing this web site and / or using our help or search tools, you’re asking Engine Forex to supply you with information about products available from multiple brokerage firms or financial institutions. We however do not cover every online broker or trading platform available in the market. Every attempt is made to ensure information published is correct and up to date, however no guarantee or warranty is given as to its accuracy or reliability. When clicking on an “Open Live Account” button, you will have an opportunity to review the product’s terms & conditions on the provider or brokers web site. The broker rating displayed is only one factor to take into account when considering these products.
LimeFx Safety and Security
Additionally, the ECN account with the Cashback Program makes LimeFx International one of the leading and most competitive cost structures in the market today. The broker has become a market leader in frontier and emerging markets with excellent payment methods including the local fiat currencies and alternative cryptocurrencies. However, though LimeFx International remains to be a competitive choice for several retail traders, it has much greater potential than what it currently offers.
All in all, the exchange provides a thrilling trading experience to all kinds of investors. LimeFx is a member of The Financial Commission, an international organization engaged in the resolution of disputes within the financial services industry in the Forex market. Trading with LimeFx will involve fees from $1.5 USD, spreads from 1.2 pips, and commission-free trading depending on the account traders select. Overall, LimeFx can be summarised as a safe broker that provides competitive spreads on Contracts for Difference .
- New LimeFx International investors may benefit the most out of the Copy Trading feature on the platform.
- There is complete control of choosing the Strategy Managers and the amount the trader wants to invest.
- It can easily give you an idea of how much your LimeFx is worth in your local currency.
- Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.
- There are articles introducing newcomers to forex trading by explaining certain basic terms.
When our experts analyzed the specific costs of both brokers, we found that Capital.com is the better option. The platform is convenient, and interest rates are such that you can earn very good money. However, it is not possible to say that it is in the old power. The website is available in 14 languages including languages such as Arabic and Spanish.
CUSTOMER SERVICE AND CLIENTS SUPPORT
LimeFx International also allows deposits in Nigerian Naira with different deposit amounts and limitations per account. After discovering techniques to trade pan-European and US equities, Jitan developed a love for a short to medium term trading on indices and commodities, and later on currencies. While we adhere to strict editorial https://limefx.name/ integrity, this page may refer to our partners’ products. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations.
Also, EAs at LimeFx are allowed with no restrictions, and traders of any style are welcomed. Typically Broker confirms withdrawals within 2 business days, additionally it will take around 5 working days for money to arrive too your account, which also varies by method and your country. Based on Our finding LimeFx accept Bitcoin as a payment methods or Crypto Deposit, yet we advise to verify with customer support. In addition, LimeFx is a member ofThe Financial Commission, an international organization engaged in the resolution of disputes within the financial services industry in the Forex market.
Additionally, it features numerous sponsorships and projects in several social activities such as supporting the Children by Charitable Fund, partnership with rugby, biathlon, and mountaineers team support. LimeFx offers the choice between six unique trading account types that have different advantages and features. Yes, LimeFxdoes offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment. LimeFx offers Islamic swap-free trading on 4 trading account levels. LimeFx offers Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries. A wide range of account types offering a variety of institutional grade spreads, commission-free trading, varying leverage amounts and copy trading.
But note that if the order is canceled or modified, the brokerage may charge the commission fee. All customers can choose between six distinctly different live account types that vary in maximum leverage, minimum deposit amounts, starting spread levels and other features. Users can trade a variety of markets from the globally-recognised MetaTrader 4 and MetaTrader 5 trading platforms of which there are plenty of support tools online, as well as access to the MetaTrader Market place.
The MetaTrader trading app offers a variety of features for traders to access their accounts on the go. To avoid losses in the event of a bankruptcy of the broker, traders should pay attention to the security aspects of the provider before the registration and deposit of funds. A traceable regulation and deposit insurance should be the basis that the broker provides for its clients. The opening of an LimeFx trading account takes place in several steps.Particular attention should be paid to the choice of account type which we will discuss in the next section. Keep in mind that depending on the type of trading account, you are granted a corresponding range of functions. While making a Micro account is enough to make a deposit of $ 5, you can not access all financial products and are limited in some ways, such as the maximum number of open positions.