LimeFx does not list bank wires as a deposit or withdrawal method, which surprised me, but I like the available selection of payment processors. Deposit payment processing times are instant, except for cryptocurrencies, which can take up to one hour. Traders get the MT4/MT5 trading platforms as customizable desktop clients, lightweight web-based alternatives, and user-friendly mobile apps. LimeFx also developed an in-house mobile app, LimeFx App. Traders should always use appropriate risk management with leveraged trading to avoid magnified trading losses. Negative balance protection exists, meaning traders can never lose more than their deposits.
- LimeFx LTD is registered in Saint Vincent and the Grenadines with registration number BC 2015 and the relevant registry operated by the Financial Services Authority (FSA).
- It is also a rare broker offering EAs to its traders for free.
- LimeFx also developed an in-house mobile app, LimeFx App.
- I want to caution beginner traders when using demo trading as an educational tool, and they should consider the limitations.
- The knowledge base section contains blogs on trading-related topics and a detailed FAQ.
LimeFx: Trade & Invest
These are the Standard, Fixed, ECN, and Crypto accounts. They also offer an Islamic account option for traders who adhere to Islamic rules on trading. The broker also offers market research on trading tools, analytics, forex news, VPS hosting, copy trading, and AutoChartist. Other resources include the economic calendar, trading calculators, market sentiment limefx courses scam indicators, expert advisors, trading ideas, and trades of the week. Even so, the broker has taken steps to assure its clients of its commitment to providing a safe trading platform and securing their funds. The broker’s customer support team responds promptly to reviews on the Trustpilot page, indicating their commitment to ensuring the best user experience.
LimeFx Regulation & Security
I like the overall range of assets, as it provides most traders withall they need to achieve cross-asset diversification. LimeFx is also a member of the Hong Kong-based Financial Commission, which has a compensation fund of up to €20,000 per client. Verify My Trade and Autochartist company verifies and audits order execution monthly, which traders can access. It offers a perfect combination of convenience and functionality.
Usefull convient platform and app
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Monitoring of LimeFx’s STANDARD account
LimeFx supports credit/debit cards, cryptocurrencies, ADVcash, and Perfect Money. By continuing to browse this website, you agree to our Cookie policy. LimeFx LTD is registered in Saint Vincent and the Grenadines with registration number BC 2015 and the relevant registry operated by the Financial Services Authority (FSA).
They offer different account types for various trading needs and Islamic trading options for those who want to adhere to Sharia laws. However, the LimeFx trading platforms are unavailable to EU/EEA/UK residents. Terms and conditions apply, and I recommend traders read and understand them before requesting any bonus or promotion.
LimeFx offers financial services to over 100 countries around the world. These countries include the Russian Federation, Ukraine, Uzbekistan, Indonesia, Turkey, Malaysia, Kazakhstan, Nigeria, Belarus, and South Africa. Unfortunately, we do not provide services to citizens and residents of this country. Withdrawal fees depend on the payment processor, and LimeFx processes all requests within 24 hours.
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I always recommend that traders check these before evaluating the total trading costs. LimeFx is a member of The Financial Commission, an independent external dispute resolution (EDR) organization. The interests of LimeFx’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim. LimeFx is offering new and existing clients to double their deposit.Receive up to $1 … LimeFx is rated “excellent” on Trustpilot with a 4.6 rating based on 897 ratings. This high rating underscores the broker’s satisfactory customer service.
The secure LimeFx back office handles all financial transactions for verified clients. Account verification is mandatory at LimeFx, as it complies with global AML/KYC requirements. Most traders will pass it by uploading a copy of their government-issued ID and one proof of residency document. LimeFx may ask for additional information on a case-by-case basis.
LimeFx offers 24/7 customer support, and traders can reach out via e-mail, phone, Telegram, or live chat. LimeFx explains its services well, and I recommend the FAQ section before contacting support. I miss a direct line to the finance department, where most issues can arise. Still, the overall approach to customer support remains https://limefx.group/ excellent. The proprietary copy trading service, which requires a minimum deposit of $100, presents a quality alternative to the embedded MT4/MT5 copy trading services. LimeFx also has a VIP program, upgrading the LimeFx trading experience significantly via up to 30% reduction in trading fees and increased cashback.
Supported account currencies are the US Dollar and the Euro, while the cryptocurrency account is a Bitcoin-denominated option. The automatic stop-out level is at 20%, except for the EXN account, which is at 40%. LimeFx’ execution qualityis confirmed by VMTand complies with bestexecution standards. This LimeFx broker review further explains all you need to know about this broker.
LimeFx has four account types, one being a dedicated cryptocurrency trading account. The three commission-based options feature relatively high trading fees, between 1.3 and 3.0 pips or $13.00 to $30.00 per 1.0 standard round lot for a minimum deposit of $100. The commission-based ECN alternative delivers competitive costs with raw spreads from 0.0 pips for a $5.00 commission and requires a $200 minimum deposit. LimeFx is an offshore regulated broker that offers brokerage services to clients in over 100 Latin American, Asia, and African countries. They focus on providing innovative trading solutions by leveraging new technologies and excellent trading conditions. Besides the volume-based cashback rebate and VIP programs, LimeFx features a promotion allowing traders to earn money, which they can transfer as a bonus to live trading accounts.
I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. LimeFx has two expensive, commission-free cost structures and one competitive, commission-based alternative. The fixed-spread account starts with minimum spreads of 3.0 pips, or $30.00 per 1.0 standard round lot, versus the floating-spread alternative of 1.3 pips or $13.00. Both are expensive, but the commission-based ECN option shows raw spreads from 0.0 pips for a commission of $5.00 per round lot. Trading with a regulated broker will limit the potential for fraud and malpractice.
A 100% deposit bonus exists up to a maximum of $10,000. LimeFx also pays a bonus for traders who switch from another broker and if they want to transfer open positions. Positive reviews lauded the wide variety of trading instruments and generous leverage. They also note that the trader offers a simplified registration process, a user-friendly interface, and industry-standard withdrawal processes.