Lime FX reviews

For instance, the fee for holding 1 lot of EUR/USD overnight in a long position on a Standard Account is 3.69 USD, while your account will be credited 1.17 USD for a short position. LimeFX guarantees low trading risks since it makes use of modern software and technologies. Additionally, traders are assured of maximum safety as well as speedy execution of orders; order execution occurs almost immediately. The professional account may demand though 200$, and of course, check on the necessary margin requirements that are usually set for each trading instrument separately.

MT4 support is available on all account types, but MT5 support is slightly restricted – see below for details. As you can see from the table above, LimeFX offers three Standard Accounts on MT4 and MT5, including an MT4 Cent Account. Nevertheless, check before any transfers are done with customer service in case there are any fees that may be applicable, due to your country of origin or maybe by the payment provider himself. As you can see, all accounts limefx website have a GBP option, so British traders with GBP accounts can avoid paying conversion fees when depositing and withdrawing money from their trading account. Pro Account – The single instant execution account offered by LimeFX, this account has a minimum deposit of 500 USD and spreads from 0.6 pips (EUR/USD) but guarantees no slippage. Global traders will be trading with Nymstar Ltd, which is authorised and regulated by the FSA in Seychelles.

Nymstar Limited is a Securities Dealer authorized and regulated by the Seychelles Financial Services Authority with license number SD025. If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. Completing the CAPTCHA proves you are a human and gives you temporary access to the web property.

Notably, LimeFX customer service is available in English 24 hours a day and over the weekend. In addition, the help centre offers detailed and useful advice on a host of topics. The LimeFX MT4 and MT5 apps allow traders to work from anywhere, with nine timeframes, 30 indicators, and interactive currency charts. Functionality to close and modify existing orders, calculate profit/loss in real-time, and tick chart trading further empowers traders while on the move. All accounts feature market execution, apart from the Pro Account, where instant execution is provided for all CFDs except cryptocurrencies. Once verification is complete, traders will be able to deposit up to 50,000 USD.

LimeFX broker reviews

In 2018, LimeFX shut down its retail business in the EU and UK in response to tighter restrictions on retail CFD brokers – though it does retain a business-to-business service in both regions. LimeFX gained actually quite good rankings for its support and is recognized among financial markets for its excellence. Access fundamental analysis via an inbuilt economic calendar and news events. Or overnight fee as a cost, which is charged on the positions held longer than a day. Each instrument charges different quote for overnight positions, which may be as a fee or a refund, see sample on some of the instruments above.

Overall, LimeFX’ account-opening process is fully digital and hassle-free – new traders will be especially happy that they can start trading right away without having to wait for account verification. Most brokers will charge a fee on accounts that have been inactive for more than a few weeks. LimeFX, on the other hand, does not charge a fee but instead archives the account after 90 days of inactivity.

LimeFX Base Currencies Trading Account Currencies

Leverage levels always depending on the instrument you trade, as well defined by the regulatory restrictions and your personal level of proficiency. Customer support is offered in 13 languages with 24/5 support in 11 languages and 24/7 support in English and Chinese via Live Chat or Email. 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. Both MT4 and MT5 are available as downloads, browser-based, and on iOS and Android devices. Mobile access is 24/7, and mobile apps employ the latest SSL encryption technology for security.

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As the majority of Forex brokers, LimeFX also offers to use leverage, which may increase potential gains through its possibility to multiple initial accounts balance. Trading costs such as spreads, commissions and overnight funding rates vary limefx forex brokers reviews depending on the instrument being traded and are covered further down this review. Thus, the broker permitted to provide financial products or services within its activity in above mentioned countries and in another country in the EEA.

LimeFX Deposits And Withdrawals

Its content represents the general views of our experts and does not consider individual readers’ personal circumstances, investment experience, or current financial situation. Trading in CFDs carries a high level of risk thus may not be appropriate for all investors. The investment value can both increase and decrease and the investors may lose all their invested capital. Under no circumstances shall the Company have any liability to any person or entity for any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to CFDs. LimeFX also offers free VPS hosting and allows fast access to funds after a withdrawal request. Furthermore, the company regularly offers various bonuses and promotions to traders.

LimeFX broker reviews

Founded in Russia in 2008, LimeFX Group is a relatively new Forex and CFD broker. It has grown rapidly since its inception and now has over 145,000 clients worldwide and is regulated by seven national authorities. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. Yet, Web version is always less advanced as desktop one, so if you develop a comprehensive strategy and need more customization and charting features go for the desktop version. Spreads and swap-rates vary depending on the instrument being traded and the account type opened.

Featured Brokers

Using a number of electronic payment system that provides control over your trading account funding at convenience. The LimeFX social trading services is run through the LimeFX social trading app which can be downloaded in the Google PlayStore and Apple AppStore. See some of the examples below for a better index options understanding of LimeFX costs and comparison with other brokers, as well compare fees to another broker DF Markets. To cater for the various needs of all its traders, LimeFX offers a wide range of quality products to trade on covering Forex and CFDs on Metals, Energies, Crypto, Indices and Stocks.

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When it comes to market innovation, this Forex broker can be said to be an old-school broker since it is one of the few brokers in the industry who are yet to implement the concept of social networking. Nevertheless, traders still have a lot of confidence in LimeFX mainly because of its commitment to providing high-quality services. Client phone support is 24/5 in 15 languages and two languages, English, Chinese and Thai customer support is provided 24/7. Most brokers only offer 24/5 customer service, so this is a bonus for English-speaking traders.

The market analysis section at LimeFX is not quite as expansive as the education section, though there is still some great content here. Most of the content is presented in the analysis blog, which is updated every few days with thoughtful insight on recent and future events across a range of CFD markets. However, for traders that trade in large volumes , it is better to open an account denominated limefx cheating in USD, especially for trading on assets such as the EUR/USD. This is because when trading a USD quoted currency pair with a GBP account, there will be a small conversion fee for every trade made. The three Standard Accounts on offer at LimeFX are more suited to beginners traders. Beginner traders are inexperienced traders who have never traded before, or who have been trading for less than a year.

Is LimeFX Safe?

Archived accounts can be easily recovered by logging in and reviving the account. Traders especially those who are constantly on the move prefer mobile Forex trading because of its convenience and reliability. The fact that LimeFX supports mobile trading is a huge plus and the company will continue to enjoy an upward growth pattern. Once a user inputs their country, email and password, they can then select the trading account they wish to open as they are redirected to the My.LimeFX dashboard. Since its launch, the company has grown to become a significant player in the industry of online Forex trading.

  • While trading conditions are poor on the Standard Accounts, the Pro Accounts offer relatively low trading costs but much higher minimum deposits.
  • LimeFX guarantees low trading risks since it makes use of modern software and technologies.
  • From the look of things, LimeFX doesn’t have in-house content since its Analytics section hasn’t been updated for months now.
  • However, LimeFX is regulated by multiple second-tier authorities including the South African FSCA.

Standard Cent Account – With a 3 USD minimum deposit, micro-lots unlocked, and spreads as low as 0.3 pips, this is a great account for new Forex traders who want to learn without too much risk. You will only be able to trade Forex and metals with this account and the MT5 trading platform is not supported. While MT4 and MT5 are both excellent trading platforms, many other CFD brokers also offer their own web-based platforms, which tend to be easier to use for beginner traders. In line with Anti-Money Laundering policies, deposits and withdrawals at LimeFX cannot be made to/from third-party accounts and all non-profit funds are returned to the original deposit source. No matter your deposit method, the withdrawal of all profits must be made by bank transfer to a bank account in your name.

The account-opening and verification process at LimeFX is fully digital and accounts are ready within 48 hours, which is about the industry average. But traders can make a deposit and start trading immediately while they wait for verification. Some of the most overlooked trading costs are the non-trading fees that are charged by brokers. These fees can significantly affect your profitability and so should be carefully scrutinised. LimeFX is unusual amongst brokers in that it offers nine different account types, where most brokers will offer three or fewer.

While LimeFX’ trading costs are generally below the industry average, its education and market analysis are poor compared to other major brokers. LimeFX offers a broad range of Forex pairs to traders and is considered to be one of the most reliable Forex brokers in the industry. Thanks to its reasonable pricing and straightforward trading conditions, more and more traders prefer it over other brokers. LimeFX has a much wider range of deposit and withdrawal methods than most brokers. Most deposits and withdrawals are instant and have no fees, making funding your account much cheaper and easier than most other brokers.

Clients of LimeFX can trade on the globally-recognised MetaTrader 4 and MetaTrader 5 trading platforms for Windows, Mac, Linux, Android and iOS systems, as well as the LimeFX Web Terminal. Users are also offered a variety of deposit and withdrawal methods including bank cards and e-wallets. The broker also offers a wide variety of educational materials via articles and videos, as well as live market analysis, an economic calendar, WebTV and trading calculators. In pure trading terms, LimeFX is a decent all-round broker for most traders, whether beginner or more experienced. LimeFX is a Russian CFD broker with over 200,000 clients worldwide, offering trading on 100+ Forex pairs, a small range of cryptocurrencies, 70+ stock CFDs, indices, and commodities.

LimeFX broker reviews

Despite the variation, overall trading costs are lower than average across all nine accounts, though the accounts themselves are distinguished by minimum deposit, trading platform, and execution type. LimeFX’s trading costs are Foreign exchange hedge generally lower than other brokers, but the lowest trading costs are found on the professional accounts which require a high minimum deposit. Deposits and withdrawals are free of charge, and customer service operates 24/7.

LimeFX Instruments Trading Assets

Provides forex traders with more than 90 forex trading account currency options. Disappointingly, LimeFX offers no trading tools, apart from a standard VPS service and Trading Central’s indicator service. Most other brokers offer a range of tools to assist traders with finding opportunities and making analyses. This publication is a marketing communication and does not constitute investment advice or research.

LimeFX Educational Content

Beginner traders often do not want to risk trading large sums of money and generally will not be able to trade full-time during the workweek. While you can deposit up to 2000 USD and trade for 30 days without account verification, it is recommended that you verify your identity as soon as possible. Note that deposits with cryptocurrency or bank cards require a fully verified profile. In addition, the LimeFX website also features an easy-to-use trading calculator – making it simple to figure out the cost of holding a trade overnight.

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