LimeFX Review 2021

Several payment options have limits on the deposits and limits, but they are quite high in any case. If more is needed, they are free of charge, in any case. Try by taking a look at this comprehensive guide to forex trading. The education offers a similar set up to the research forex section in that it is part in-house and part Claws & Horns. The content can be found on the blog, and doesn’t have its own dedicated section, but it’s informative and engaging. This content is uploaded regularly, usually daily, and offers some first hand material.

LimeFX broker review

LimeFX offers five account types, in addition to Islamic swap-free accounts and demo accounts. Pro-Cent accounts use cents as the base currency, while Pro-Standard accounts have the typical base currencies. ECN and Prime accounts offer tighter spreads and commissions for professionals and advanced traders.

Is LimeFX Regulated In A Tier

US Stocks and CFD on US Stocks have floating spreads from 0.01 USD. Deposits with LimeFX take between one minute up to several days, depending on the payment method used and internal processes of the financial institution. Complete the short online registration form to obtain access to the member’s area.

Org; and they literally saved my life without even knowing. The Company pleasantly surprises clients by a variety of trading accounts, which were developed to meet the demands of traders with different levels of experience and training. Once logged into the member’s area, forex traders have the option to open a demo account by selecting “Open a Trading Account” and clicking on “demo”. Leverage can be chosen when forex traders register for a trading account and adjusted when they log into their member’s area and go onto their profile settings.

This coverage is provided to their clients without any additional fees or costs. A pro-standard account has been built for optimum trading conditions, allowing professionals to trade on multiple assets at once. A prime account has been designed specifically for more experienced traders, allowing them to trade on multiple assets.

I’m a forex enthusiast turned writer from the University of North West, South Africa. Born on 11 November, 1987 – when I’m not behind my writers desk I enjoy reading about entrepreneurship, woman led startups and blockchain technology. We look for specific features such as customizability and trading signals.

Reasons Tostart Trading

So when i asked him to check his account he told me that all of his accounts are ACTIVE. They were NOT ACTIVATED BY HIM. How this MAGIC happened i do not know. Does the company have access LimeFX review – Scam or legit forex broker? to turn our accounts active and inactive according to their will. If yes, then this is unethical and as dangerous as stealing money from us and hence they are not at all trustworthy.

LimeFX broker review

Based in Belize, LimeFX was founded in 2009 and has since grown to service over 730,000 clients. The broker prides itself on offering a wide range of services and excellent trading conditions. LimeFX offers over 13,000 trading instruments for you to choose from, including over 40 currency pairs, over 11,700 stock CFDs, 26 LimeFX CFDs, and over 100 soft commodity ETFs. Trading costs with LimeFX vary depending on the account type, platform and the market traded with some accounts commission-free and some commission-based. Jitan is a currency trader and an accredited Market Technician with more than 15 years of experience working with fund managers and on several proprietary trading floors. He is regularly quoted in the financial media for his currency market insights and forecasts and is based in London.

An array of deposit and withdrawal payment facilities are available. Since rebates are not bonuses at LimeFX, the client can utilize this offering for the benefit of leveraging their exchange accordingly. To verify your account, you’ll need to provide an international passport for proof of identity and a utility bill for proof of residence. US Stock CFDs commission of 0.015 per share with 1.5 USD minimum. US Stocks commission of 0.02 USD per share with 1.5 USD minimum.

Customer Support

Swap-free accounts – an exceptional solution for Islamic clients, who aren’t allowed to trade with swaps due to their religious beliefs. Clients with this account type pay only a fixed commission and nothing more. LimeFX is a foreign exchange broker headquartered in Cyprus and provides a range of tools for trading.

RoboMarkets has a minimum deposit requirement of $100 for all account types. Also, particular attention should be paid to a copy-trading service. If you lack trading experience, you can receive profit by copying transactions of successful traders and pay them a small commission for that.

I even wrote mails to the support team and messaged their forum too but have not yet received an answer from their side. It has micro accounts and has an interesting internal copy trading service but it is useless if the conditions of automatic trading, scalping or working on M1, M5 or H1 are impossible. Great customer service by phone or chat in my language but very bad trading conditions.

During our LimeFX review, we also discovered that they are a member of the Financial Commission, as well as the Compensation Fund this organization offers. You also have an avenue to settle disputes with the broker without going to court. Listings that appear on this page and/or on this website are of products / companies / services from which this website may receive compensation. This may impact how, where and which products / companies / services we review and write about.

The broker is regulated in three jurisdictions, three of which are in Europe. The clients under the CySEC-regulated entity also receive a compensation scheme of €20,000 for the protection of their funds. LimeFX pleases its clients with various bonus programs. The very first bonus that you can get is Welcome Bonus 30 USD. To receive it, depositing $10 to your account will be enough.

  • From my personal experience with this broker, I can also confirm that the execution is very fast and reliable.
  • CySEC makes sure that the Forex brokers respect market transparency and integrity and that they do not play any dirty tricks on innocent traders.
  • As already mentioned in the text above, there are more than 6 different account models adapted to the wishes of the trader.
  • LimeFX caters to most international traders, including clients from Malaysia, India, the Philippines, the Netherlands, and the UK.
  • It’s also an excellent choice if you’re looking to diversify your trading portfolio.

MT5 is the latest version of MetaTrader that offers the choice between n four types of executions. They put a lot of focus on innovative technology solutions and multiple tools for trading. The Pro Cent Account makes the MT4, MT5, and R Trader platform accessible to its users. You need to check all Investment the advantages listed so you have a better comprehension of LimeFX. Over the past 12 years, LimeFX has grown into one of the leading online brokers. There is no sure-fire way to guarantee profits; therefore, LimeFX review you should carefully analyze your broker before you choose them.

Trader Education

The commission-free Pro account features an average spread of 1.4 pips or $14.00 per standard lot. LimeFX shines brighter in its commission-based options, where it ranks among the cheapest brokers. The ECN account shows an average spread of 0.1 pips for a commission of $2.00 per lot, bested in the Prime account, where the commission drops by 50% to $1.00.

Trading Conditions

You can use an “Expert Advisor” and run strategies automatically. With MetaTrader, you can design the trading according to your ideas. The broker LimeFX is headquartered in Belize and is regulated multiple times .

Com to anyone that have been a victim of fraud or scammed online. These accounts are solely a non-dealing desk model that enable traders to make trades in real time by sending orders straight to the market. If you compare ECN accounts of other brokers, LimeFX has the best trading conditions for scalping. For example, in AMarkets, the minimum Deposit on an ECN account is $ 1,000. LimeFXmodities incorporate low-risk trading conditions in a Forex market.

While LimeFX has heaps of quality services and tutorials ensuring that you will probably rarely need customer support, the team is on hand 24/7. When assistance is needed, traders just need to click the green button on the website. All reviews, research, news and assessments of any kind on The Tokenist are compiled using a strict editorial review process by our editorial team. Neither our writers nor our editors receive direct compensation of any kind to publish information on tokenist.com. Our company, Tokenist Media LLC, is community supported and may receive a small commission when you purchase products or services through links on our website.

Charting devices, complete exchange records, and permits to automated exchanges are provided on the platform. The LimeFX MetaTrader 5 is the most enhanced and high-skilled platform on the market. The platform is a mix of order initiations along with ambitious exchange strategies. However, in the case of the R Trader account, the min deposit is 100 USD. Even then, it is surprisingly low compared to other sites.

Stocks trading account by LimeFX offers over 8400 stocks in instruments for trading and charges 2 cents in commission per each stock. Pro-Cent and Pro-Standard accounts are designed for beginners and casual traders. LimeFX currently does not offer any no deposit bonus deals in 2021 but has previously offered weekly demo contests, so traders should check the website for upcoming promotions. There are 13 withdrawal methods LimeFX review available, though this may vary depending on your jurisdiction. Withdrawal times for most methods are just 1 day, which is praised in customer reviews in 2021. The group does offer a Free Funds Withdrawal programme which allows you to withdraw funds twice a month with no commissions.