LimeFx broker reviews
LimeFx broker reviews

However, the broker also introduces fees to your account on the last step, which is quite an unorthodox move. Pricier versions should bring more benefits instead of introducing downsides. Additionally, we believe that assets shouldn’t be locked behind a paywall in the form of account typing. The Learning Center at LimeFx features dozens of ultra-short videos from third-party providers. I find them enough to touch the topics beginner traders should research. LimeFx also features over a dozen articles, where new traders get quality written content.

LimeFx broker reviews

Keeping your account fully funded is a requirement to avoid getting closed out of your positions. Since their inception, the broker has grown substantially. There are 1.2 million accounts that have been created world wide and they have expanded to almost 200 different countries. They have translated their website into over 10 different languages. Customer support service of LimeFxLimeFx has a built-in chat system on its website where you can chat with a live agent.

Tell a friend about LimeFx and entice him/her to open an account. In return, the company will reward you 10% of your friend’s deposit amount. Charges are set by your respective channel and processing time for the funds s short but for the case of ban transfer, it may take a maximum of 3-5 business days to complete. Provides a lot of useful graphical and statistical data for efficient analysis. Having a strong base capital that will not lead them to use clients’ funds at all. It goes against our guidelines to offer incentives for reviews.

The email took about 56 hours to receive a response; the response time was negligible through phone and live chat. Overall, we like their registration process- it is simple, easy, and quick, helping traders start on the right note. LimeFx also charges an inactivity fee of $10 if the trader doesn’t make any trade for 365 days. It is significantly lesser compared to other leading brokers, who may charge $15 for a 3-month inactivity period. Customer reviews are essential to establish the legitimacy of a broker, and if the reviews aren’t good, a trader should always think twice before signing up with them. LimeFx can be a trusted hub for our LimeFx, where you can safely invest your savings in diverse asset classes and make profits.

LimeFx Risk Disclaimer

Their website is easy to navigate and has all the essential information you need. You can withdraw funds via bank transfer, MasterCard and Visa cards, WebMoney, Skrill, QIWI, and other online payment systems. All you need to do is log in to Trader’s Cabinet and click on the withdrawal tab. It’s important to note that the minimum withdrawal is $1. With LimeFx’s Pro account, clients can trade up to 11 crypto pairs, 33 currency pairs, metals, CFD, and indices.

LimeFx broker reviews

Given that LimeFx has a CySec licence, it means that they are authorised to take clients from a number of different countries in Europe. This is due to the financial passporting rules mandated by ESMA. There are a number of things that we look at when determining how safe a broker is. These include regulatory licences as well as internal protocols.

LimeFx Trading Platforms

You’ll acquire adept at all of the concepts of trading online and brokers while you continue trading. For starters, you need to choose the ideal online broker who’ll always be clear with you. Since the inception of copy trading, we have seen various professionals entering the LimeFx world, expecting profits as a piece of cake. However, their dreams often don’t materialize, and they end up cursing the broker or the market. Education has no substitute, and once you’re putting your precious funds at stake, you must be sure about their profitability. If you are new to the trading world, the best bet will be to start with a demo account.

However, it has all the essential features and tools that you need to trade the assets that LimeFx offers. LimeFx uses among the best trading platforms with awesome features that enhance a client’s trading experience. The two platforms used are the MetaTrader 4 and MetaTrader 5 platforms. Deals in a wide range of trading instruments from currency pairs, crypto pairs, gold and crypto indices.

We were also quite surprised to see that they are charging 1% on Skrill as well. If you are going to be trading equity indices then you will be charge limefx forex brokers reviews a flat fee or commission on the size of the position. In addition to the standard spreads / commissions, you will also be charged a “swap fee”.

LimeFx broker reviews

As you already know, LimeFx operates with proper conformation to regulations. It’s established plenty of steps to guard all its investors. You can use debit or credit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. You have to keep in mind that PayPal isn’t available in all place.

Bonuses and Promotions

It means that the firm is doing something right, so it’s an excellent option for affiliates who want to market it. However, we did not see any concrete info on these numbers on the website. From the reviews we can see from other users, it doesn’t seem like the withdrawal fees are that much. This allows you to take on the trading journey and enjoy most of your profits.

  • However, even with these similarities, there are some notable differences.
  • You might even start positions, test different trading approaches, and much more.
  • Like their instant execution, recommend to all, my friends use it, and no one tell the bad word about LimeFx.
  • The Payoneer debit card allows money to be used online or at point-of-sale with the Payoneer debit cards.

ECG Pte Ltd () is an independent publisher and comparison service, not an LimeFx or financial advisor. Its articles, interactive tools, and other content are provided to you for free, as self-help tools and for informational purposes only. They are not intended to provide LimeFx or financial advice. Dumblittleman does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances. Examples are hypothetical, and we encourage you to seek personalized advice from qualified professionals regarding specific LimeFx or financial issues.

The forex market is one of the biggest financial markets in the world with trade volumes of over $6 trillion. It’s also a very volatile market as well with rapidly changing price action. The forex market is incredibly volatile and confusing, to a large extent, and even seasoned traders sometimes struggle to make headway in it. First of all, you will not be required to pay any deposit fees here. But be aware that you may be required to pay some currency conversion fees if you deposit from a different currency. The withdrawal fees charged will typically depend on the withdrawal method that you are using.

Some of the critical questions you need to ask are “Is this broker safe and secure? These are the promotions currently on offer at the LimeFx trading platform. LimeFx is a legitimate trading company located in Vanuatu and has been in operation in the forex industry for the past decade. Over this decade, it has managed to spread its wings to other territories gaining customers and also spreading its trading fortunes too. This experience in trading puts LimeFx in a coveted position of being able to know and understand customer needs and how to fulfill them.

LimeFx Review: | for 2023

The MT5 platform also has an upgraded programming language for coding EAs. This allows you to code your own unique indicators on the platform. There are two MetaTrader platforms and these are the MT4 and MT5. You can also trade Equity index CFDs at LimeFx with contracts on indices such as the Nasdaq, Dow Jones, Nikkei etc.

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Their response time is not as prompt as you expect it to be. It usually depends on the availability of customer service representatives. This platform has all the features and tools that can be found on the MetaTrader 4 software. The only difference is this additional application is ideal for traders with multiple accounts.

LimeFx ensures that the individual needs of all traders are met to the best of their ability. The educational section at LimeFx is quite enlightening for new traders since it permits them to have a closer look at the financial markets. LimeFx caters to all sorts of traders and are a must-have broker for almost any well-diversified approach to trading. In the fast-paced world of stock markets and online trading, you will need guidance to make educated decisions. A professionally lead LimeFx plan could help you in minimising any losses and maximising any profits.

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The account also comes with over 40 tradable assets that cut across currency pairs, metals, CFDs, and so much more. However, please note that the minimum deposit for this account limefx is $250. This account is the most basic of the three that are on offer at LimeFx. First, you get more than 30 trading instruments, including currency pairs and other CFDS.

Deposits And Withdrawals

Wilbert is an avid researcher and is deeply passionate about finance and health. If you want to trade live, you will need to open a live trading account. The process here is very different in fact, you will be required to present verification documents and add a payment method to the live trading account. The moment your account is approved, you can log into the trading area. Simply use the available LimeFx payment methods to fund your account and trade stocks and any other asset that you may deem fit.

However, they also offer videos and courses that talk about trading in general. You will find topics specifically for beginners and advanced traders. Their mobile application allows clients to execute trades on the go.