LimeFX Review year : Is It a Good Forex Broker or Not?
Thanks to a clear-cut onboarding process along with fee-free deposits and lightning fast withdrawals, LimeFX International has attracted more than 2 million clients since inception. 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.
- LimeFX International has created a dedicated mobile app to give traders access to the crypto market and over 250 trading markets at any time.
- LimeFX is an investing platform that is accessible for any type of trader, anywhere in the world where they provide brokering services.
- It does, however, benefit from very tight spreads, which rise in the 0.4 pips for the EUR/USD.
- The standard LimeFX account is available as a basic account, also known as the Micro Account MT4 and the standard LimeFX MT4 account.
- 1 thing to remember is that you don’t necessarily have to have any money on your account.
The minimum deposit is small and there are more than 250 assets. Another appreciation must be made of the tools made available by LimeFX, perhaps among the most useful that can be had. Using the MT5 plugin helps you clearly outline your parameters, and then the plugins will be responsible for notifying you when vital levels are broken. Also, you have the liberty to run it simultaneously over a wide range of different markets. The Autochartist app and plugin have been built for the ease of newbie traders to improve upon new strategies as they are quite intuitive to use. A number of online resources and guides can help better understand how to use this tool.
Is this your company?
The process is effortless and quick, with different payment methods at your fingertips. With this digital LimeFXdemo account, you are able to experiment at all, to whatever period you wish. You can also start positions, examine different trading approaches, and more. LimeFX are a reputable brokerage that has been trading for over 8 years. LimeFX, as a company, has a powerful set of rules for ensuring honest trading onto its platform.
Withdrawal of cash is possible at any time from the LimeFX account. It’s possible to draw up sums to the amount of your account balance, keeping aside the perimeter utilized. 1 thing to remember is that you don’t necessarily have to have any money on your account. If you feel that LimeFX is not right for you then at the bottom of this LimeFX review you will find a lot of alternatives to LimeFX. These benefits are what sets LimeFX apart from all other online brokers. You need to check all of the advantages listed so that you have a better understanding of LimeFX.
This is done in order to attract clients to invest without the demotivation that they’re already losing money. The amount of fees charged on withdrawal varies by country and type of withdrawal method chosen. For other withdrawal methods like credit cards and e-wallets, the withdrawal fees can be anywhere from 0% to 2% of the withdrawal amount. It is therefore important to chose your withdrawal method wisely in order to not lose out more than what’s needed.
Why does LimeFX ask for my passport?
The payment duration is based on the chosen payment method and it may take from 1 to 3 days till the fund is processed and arrived. The 1000 to 1 leverage amount reduces as the notional size of the open position increases. If the notional value touches $8 million, the leverage amount falls to a minimum level of 25 to 1. If traders plan on trading individual stocks and cryptocurrencies, the maximum leverage becomes less due to regulatory rules.
This CFD trade has a 100% increase in the funds initially committed. The next step involves submitting identification documents for LimeFX account validation and making a deposit. Once completed, LimeFX users can download the trading platform of their choice. It’s important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn’t allow automated trading scripts such as Expert Advisors.
LimeFX has 8 global locations across three continents with more than 2 Million registered users worldwide. One of the biggest cons of LimeFX is that they are not regulated by any top-tier regulatory body. LimeFX is regulated by the International Financial Services Commission of Belize (IFSC), and registered by the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA). If you would prefer to trade with a regulated broker, AvaTrade are on of the most well-regulated brokers that you will find. Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com.
Does LimeFX offer guaranteed stop loss?
If LimeFX violate any regulatory rules their regulated status could be stripped. LimeFX International fees vary based on the chosen payment options for withdrawals. Every broker has its own set of withdrawal rules on how money can be withdrawn from trading accounts.
Besides online banking, wire transfer is an opportunity also, even though it takes about 4-7 days. On the other hand, a spread denotes the gap between the buying and selling price. Financing or overnight rates are people that are charged when you maintain a leveraged position for longer than daily. You can download the LimeFX app or also trade with LimeFX through the MetaTrader 4 application on the Apple app store. In the following table we take the main parts of any professional online broker and compare LimeFX against freetrade, and easyMarkets. LimeFX admits the significance of having a quick order execution.
LimeFX MetaTrader 5 Advanced Trading Tools
In addition to the demo account, there are 4 account types which will use real money. These are divided into standard accounts and the enhanced accounts, which are known as ECN types. New LimeFX International investors can benefit from Copy Trading on the platform. This type of trading provides the same experience limefx review as regular trading, but the account copies the moves of professional traders known as Strategy Managers. If you stop trading for more than 6 months or more, LimeFX International will charge an inactivity fee of $/€/£ 5. The fee is not charged if you trade with the demo account or your trading balance is 0.
We found good trading technology and excellent education and research section, which is good for beginners, also conditions are overall good. LimeFX is a fake broker I withdrew my money they don’t want to credit me. Tried the new spread betting system, execution is poor as you get constant requotes. I also took my money out but they don’t want to give it back to me.
Start trading on the Forex exchange is straightforward; anyone can trade Forex. All traders have to do is go to the LimeFX platform, select a trading account type, open the account https://limefx.group/ with LimeFX and top it with funds and start trading. LimeFX offers demo accounts for MT4 and MT5, which require a quick application and verification of an e-mail or phone number.
LimeFX brand is indeed reputable one among the market offering, notwithstanding the fact of its weak point of recent regulation. Nevertheless, we can recommend LimeFX as a trustable broker to trade with. I personally observed how they opened deals to me in a rollover not at the market price, that is, when buying an asset, the price opened 5-10 pips higher than the sale price! To start the process of opening an account with LimeFX you can visit the LimeFX trading platform here. Losses can exceed deposits
You should consider whether you can afford to take the high risk of losing your money. Trading CFD trades on the LimeFX platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling.
Overall, AvaTrade is considered a low-risk trading platform and can be summarised as a trustworthy forex broker. 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. LimeFX makes 4 life trading account types available, Standard, Micro, ECN, and Pro. LimeFX has an entire section dedicated just for beginner traders. In this section, you’ll learn just about everything you need to know about this industry. This section contains several beginner’s guides as well as different articles that could answer most of your initial questions.