Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform. In my opinion, the structure of the LimeFX bonus program is awesome. I received a welcome deposit bonus and increased my possibilities for trading.
- I strongly recommend them to other victims going thru similar situations.
- Even the ambassador Cristiano Ronaldo gets in on the act with his own special offer of 77% bonuses on all deposits made in the first 7 days.
- Withdrawals are processed using the same method used for any deposit made.
- I can proudly say that all this experience I’d had with LimeFX therefore my rating of the brokerage is fair and well-though.
You can find detailed guidance on LimeFX trading platforms here. You will need to provide some basic documentation to prove your identity as part of LimeFX onboarding and normal KYC identity checks. These checks are standard practice and help LimeFX provide a safe financial environment for their 10,000 users.
Since LimeFX banks with International banking institutions, clients’ funds are safeguarded by the reputable EU Credit Institutions. LimeFX meets the international standards when it comes to security of data and funds, because of this, LimeFX are trusted by some of the leading traders in the world. Many quality brokers are regulated, so it is advised for you to take your time to compare their services before you can choose the right broker for you. We decided to look into the platform that traders use on LimeFX.
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LimeFX has average non-trading fees.There is no fee for deposit, yet some withdrawal methods may add on commission charge, also inactivity after 3 months charges 50$. LimeFX preserves simplicity in terms of account options. Traders are not overloaded with multiple account packages, but instead can only choose between Real and Demo. This does not mean, however, that the VIP status is not available. Those who wish to have more personalized approach can obtain the VIP package as the part of the promotional program. Overall, the account registration is rather easy and does not take much time.
This platform is web-based, but there are mobile versions available (as you’ll see in the next section, LimeFX is big on mobile trading). All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn`t imply direct instructions for investing. TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site. Forex pairs, cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money.
It may be considered average if a comparison was to be done with other brokers in the market. LimeFX provides variable spreads, but the most typical ones are between 0.3 and 0.6 pips. You are allowed to hedge and to use the trailing stop feature, as well as to have pending orders and automated trades. The margin call level is 30% and if you are up to some more advanced trading approach, try scalping, because LimeFX has that option. Also, make trades with foreign currencies, indices and Bitcoin deals.
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You can track the performance of LimeFX – Online Trading every hour of every day across different countries, categories and devices. Learn the basic concepts and terms of cryptocurrencies to help users gain a better basic knowledge of the world of cryptocurrencies. A course for beginners to learn the basic concepts of Forex trading and what the market is all about. While your information is processing you will receive an email confirmation.
As an experienced broker in the market, LimeFX has been a favourite with some investors and traders on account of its wide range of payment methods. For many others, what is LimeFX and what are its strong points remain a matter of debate. It’s always good news to discover there is a demo account, especially for those who are new to Forex trading. It can be great preparations for the world of live trading, giving ample opportunity to test out strategies, understand how a trading platform works, and to get a feel for the broker. There is no need to make a deposit, just a simple registration process to complete and you get given a pot of virtual trading money completely free and gratis.
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Once you’ve found your way around trading in the virtual world it’ll be time to sign up for a real money account. And while some may find it disappointing there is only one type of account, we found using it an enjoyable and easy experience. forex The minimum deposit for a live account is only $100, which is perfect for the beginner. The real money account offers variable spreads, averaging at around 0.3 to 0.6 pips. Hedging is allowed and there is a trailing stop feature.
LimeFX trading platform is purely web-based and is compatible with the majority of browsers. On top of that, LimeFX Forex broker allows all its clients to enjoy trading on the go. By using iOS, Android or Windows mobile devices, the trader can launch a full-fledged LimeFX mobile app.
LimeFX is a global trading platform in the sense that it operates in 194 countries including nations in Europe, Asia, Oceania, and Africa. Major countries LimeFX covers include the UK, Germany, Australia, South Africa, Thailand the United States and China. LimeFX is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as LimeFX you should be sure they’re legitimate online agent.
Based on this, we can recommend LimeFX as your brokerage platform to trade forex, crypto, stocks indices, metals and commodities. It is a high degree of risk to trade securities and derivatives. You should be aware of the risk before you start trading. Brokerschecked.com does not provide any investment advice. Some data in the reviews are verified but data can vary from time to time.
Upon verifying your phone number, you can get a $25 bonus, and verifying your account gets you another bonus of up to $30 cash. The first trade you make can get you a maximum of $120 in bonus money. This welcome package is unlike anything else in the industry, and similar bonuses are available for loyal traders. LimeFX offers first-rate bonuses and incentives for traders and nearly one hundred asset choices, each with its own Bid/Ask spread dynamics, minimum margin requirement, and leverage amounts. My LimeFX is an online dashboard designed for clients that offer all the vital information related to LimeFX Forex trading.
All withdrawal requests go via the secure back-office, and traders can access it from the trading platform. In the case where a trader happens to be in dispute with some of the services provided, i.e withdrawal or trading, they can contact support via to express their complaints. LimeFX’s platform is available on mobile, as aforementioned, and the platform accommodates traders needs in the most efficient manner.
LimeFX provides FX trading as part of its CFD products portfolio, and is not a dedicated FX broker, unlike other mainstream Forex companies. LimeFX acts as a market maker, where all market orders are opened as contracts between the broker and the trader. There is no ECN or Direct Market access option; therefore, LimeFX has some amount of conflict of interest with its clients. If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.
LimeFX offers a lot of payment options to its clients, among which are credit and debit cards, wire transfers and e-wallets. Local transfer methods like Abaqoo, AliPay, eKonto, ePay bg, Todito Cash and Yandex Money are available as well. LimeFX Forex broker is a credible company that offers its CFD trading products as a real FX alternative. Professional traders usually prefer direct market access trading that gives them direct access to interbank liquidity providers, but CFD trading can be more suitable for smaller retail trader.
It has offices across five continents and clients from more than 140 countries. LimeFX does publish some financial news content on a daily basis; however, the content is quite brief and fails to provide usable trading signals. limefx cheating In its place, traders receive a snapshot of the asset and its recent price action. While a blog is available, the last written update was made in October 2019, while the most recent video submission was in December 2019.
Some financial instruments and derivatives that are off exchange may offer varying leverage and may have limited regulatory protection and high market volatility. It should never be presumed that any investment products, techniques, indicators or any other presented resources will result in profits. You should be aware that investing may result in financial loss. Inactivity fees are not specific to online trading accounts.
Don’t let the fact that LimeFX has chosen to move away from the popular MT4 put you off because its own platform is extremely user-friendly. And if you prefer to trade on the move there is a great LimeFX mobile trading app. For traders, the process of withdrawal of funds is as important as the trading process itself. The withdrawal process must be easy enough to avoid unnecessary inconveniences. On LimeFX we became eligible to withdraw our funds as soon as we deposited into our trading account.
How To Get Started With LimeFX
Next, the company is regulated and has a license to operate in the financial markets. Someone might need tighter regulation, but the trading conditions will be much more consevartive in that case. The broker has pleasantly surprised me with the quality investments of executions. The platfrom is webtrader which is rather intuitive and definitely is enough for daily market analysis and active trading. I didn’t have much reasons to test the support service, which I guess can be counted as an advantage too.
LimeFX mobile apps are available for iOS, Android, and Windows devices, which are specially designed by the company for delivering the best mobile trading experience on smartphones and tablets. We were surprised when the company removed the MT4 as their standard LimeFX platform, as we had anticipated the company to add additional third-party platforms into the mix. LimeFX offers to its customer a ground-breaking platform. LimeFX has been providing clients help with making trade payments, as well as managing liquidity and risk for over ten years. They focus on connecting counterparties with market-leading Traditional Trade for commodities, forex, and indices.