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Overall, LimeFX is a safe, trustworthy platform that has something to offer beginner and veteran traders alike. The minimum deposit amount is, unfortunately, on the higher end of the spectrum. This applies no matter what method or account limefx reviews you are signing up for. Whether you deposit €100 or €10,000, that money is not subject to any fees whatsoever. Similarly, there are no withdrawal fees charged by LimeFX, which is something that many competitor platforms do not offer.
They contacted me for bank details to deposit funds and my acct manager contacts me every few weeks to see how things are going. Shame on you LimeFX, you changed your name, you cheat clients, you mislead affiliates, you write FAKE positive feedback from your own office. The app’s user interface is very simple and straight forward.
But, you can also read LimeFX reviews in the market before you trade with it. LimeFX offers comprehensive educational resources to supplement new traders with the knowledge they seek. Its extensive collection includes informational articles, video tutorials, and e-books on subjects ranging from trading strategies to risk management.
Trade more than 6,000 markets without commissions and professional platforms. When i contacted the company officials and no one bothered to reply me… Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. Customer service is helpful, quick, and very easy to get in touch with via Messenger.
Forex traders can also access extensive and regularly-updated forex news, calendars, live indices, and market commentary from LimeFX’ in-house analysts. LimeFX used to have a 7-day limit on their demo accounts. However, live account holders have access to an unlimited demo. Much like the desktop platform, the LimeFX mobile application has plenty of useful trading features and tools to offer on both iOS and Android. As with any broker, LimeFX charges certain fees that traders should be aware of. LimeFX does not charge a commission but is compensated through spreads.
Is LimeFX safe?
Lastly, LimeFX platform users can enjoy Freeze Rate, which allows to pause the rate and place the trade at the “frozen rate”. As soon as you register, you will notice that LimeFX offer a broad variety of currency pairs, 136 to be exact, varying form common with narrow spreads to exotic pairs. Their trading platform is web-based and is easy to use, but they also offer Meta Trader 4 if you would like to use this mainstream forerunner platform.
- It also supports automated trading through the use of trading robots known as expert advisors .
- As soon as you register, you will notice that LimeFX offer a broad variety of currency pairs, 136 to be exact, varying form common with narrow spreads to exotic pairs.
- LimeFX trading account verification may be held up for longer than a day if there is an issue with verifying your account.
- However LimeFX also provides MT5, MT5 and TradingView, for those who want a more feature filled approach to trading and use advanced features such as automated trading.
However, we would be happy to know your personal opinion about the broker, you can also read the reviews of LimeFX and see the rating of Forex brokers. Trading expenses are included in a fixed spread with zero Commission. You can compare LimeFX ‘ commissions with another popular LimeFX broker. The withdrawal requests are processed within a working day as well, however, it may take some time for the funds to reach the account. More specifically, this should the range of 3-10 business days depending on the payment option selected. LimeFX updates its clients with the latest market news several times a day.
What Is LimeFX?
After the stipulated time, the trade is automatically closed, if he is right, he is likely to make a profit, and if wrong, losses will ensue. Traders who want to use online trading robots can do this at LimeFX, and use fixed spreads on MT4 or variable spreads on MT5 (down to 0.3) in all cases without a commission charge. LimeFX is long established and has evolved over the years. Currently it provides a wide range of platform and allows a wide range of trading styles and approaches, including fixed spreads Forex trading, automated trading and social trading.
Market News provides the latest market news and trading insights from expert financial analysts such as FxWirePro and FXStreet. LimeFX has an extensive range of tradable assets, which include more than 200 instruments and 150 currency pairs. The availability of these assets, however, varies with the jurisdiction. Following is the breakdown of those instruments to simplify your asset selection. The LimeFX customer service team can be reached via a number of different chat channels, email, phone, and web forms. The help desk is open around the clock and can communicate with customers in a wide variety of tongues.
This creates a trading account in the chosen fiat currency. LimeFX FSAS regulated offers a Standard account with a minimum deposit of $25, a Premium account with a minimum deposit of $2,000 https://limefx.vip/ and a VIP account with a minimum deposit of $10,000. LimeFX CySEC regulated offers a Standard account with a minimum deposit of $25 and a VIP account with a minimum deposit of $10,000.
I think that a company that’s been active since 2001 cannot be called a scam, especially because they are regulated by two well-known financial watchdogs . Initially, they were named Easy Forex and rebranded to LimeFX in 2016, so you might be familiar with the former name, especially if you are a long time trader. But as always, you should always do your own research and be extra careful when investing. It is all a bit too cluttered, but that’s probably because they have to cram a lot of information on their website.
Here’s what you need to know about the company’s regulation. Also, they believe inactivity fees are fair to its clients. Before choosing a trading you have to know about its pros and cons. So, here I am going to do LimeFX review to see if it is reliable or a scam. Email support functions well but takes a little time to get back to you with relevant answers.
💵 LimeFX Minimum Deposit :
Some withdrawal fees are out of the control of LimeFX and may be due to 3rd party payment providers and your account base currency. Fundamental research does not usually generate findings that have immediate applications in a practical level. Fundamental research aims to answer the questions of why, what or how and tend to contribute to the pool of fundamental knowledge in a research area. LimeFX fundamental analysis research data looks at the price movement of a security and uses this data to attempt to predict future price movements. Fundamental analysis, on the other hand, looks at economic and financial factors that influence a business.
The app also provides traders with access to market news and analysis, as well as a live market calendar. The app also allows traders to trade on the go, which makes it a popular choice among traders. The LimeFX Trading Platform offers a wide range of features and tools that can help traders to execute their trading strategies. Furthermore, innovative trading tools, useful research and educational materials, and helpful customer support make it an ideal platform for online trading.
Professional Level Account
My trading style is swing trading on the daily chart, which is definitely doable with these spreads – but then you run into their swap rates. Even pairs where taking a long would result in you being paid quite decently on the swap by another broker, you are almost always paying LimeFX. Their swap rates are the highest I’ve seen offered anywhere. It is therefore difficult to recommend them on the basis of their trading environment, unless minimizing uncertainty and having a safety net are your main priorities. Traders are given the choice of trading on its proprietary platform or the MT4. The broker is also mobile-friendly as both platforms have android and iOS apps.
LimeFX mobile trading gives its users a platform to trade from anywhere in the world, as long as they have an internet or WiFi connection. The mobile trading app provides an ease of transacting while using a mobile device. This is because orders can be placed quickly and effortlessly. LimeFX mobile trading refers to trading using a mobile phone. You can withdraw cash from your LimeFX brokerage account if you have available funds.
Under the menu, there is another “Deposit Funds” option along with a demo/live account toggle and live chat functionality. EasyTrade also offers Vanilla Options with Forex instruments. LimeFX processes all withdrawal requests within a day of receiving them. However, depending on the destination of the withdrawal, it may take between 3 to 10 business days for funds to arrive.
With this tool, you can temporarily stop the fluctuations of the prices of an asset of interest in order to quickly open a trade position at the frozen price. Typically, clicking on the freeze button freezes the prices for about 3 seconds, within which the trader is expected to either click ‘buy’ or ‘sell’ at the paused price. It cannot be withdrawn but can be used to open trade positions. The options available are Neteller, Skrill, FasaPay, SticPay, Bitwallet, and Perfect Money. Generally, deposits are free and processed within 24 hours. This method is available to all clients irrespective of country of residence or currency.
Test your skills, knowledge and abilities risk free with LimeFX demo account. Another condition offered as a standard feature on LimeFX accounts, this ensures you are protected when you trade. Bitcoin recovery is one grey area that only few people can claim expertise on. The recovery of bitcoin is difficult as bitcoin mining and the truth is, it is even more difficult to recover if it had been lost for a long time.
Both are viewed as Pros or Cons based on the individual trading style. GSLO (Guaranteed Stop-Loss Order) feature is offered fee-free. It goes against our guidelines to offer incentives for reviews.
Over the years, LimeFX expanded its trading options and CFD offerings to include global indices, energy, metals, and more. In 2016, the name of the company was changed from easy-forex to LimeFX. Traders seek an honest online broker that offers uncomplicated trading. LimeFX claims to offer simple trading, honesty, and transparency to its clients.
By 2015, the company officially offered over 200 markets in a variety of asset classes. One of our customer service representatives will get back to you soon. Authorised and regulated by Cyprus Securities and Exchange Commission in the Republic of Cyprus at 19 Diagorou Str. Deemed authorised by the Prudential Regulation Authority and is subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. The nature and extent of consumer protections may differ from those for firms based in the UK.