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This includes no-fee on deposits, and a minimal fee on withdrawals which ranges from 5% on credit/debit cards, 4% on PayPal, and $3 for the majority of other withdrawals less than $50. Trading markets offered are focused almost solely on Forex pairs. This is in contrast with many top brokers who offer a wide range of CFD trading options.
MetaTrader4 is fast, powerful, and reliable and the most popular trading platform among traders worldwide. It has a wide range of powerful functions which make MT4 highly flexible and allow traders to trade faster and increase trading opportunities. LimeFx offers clients the opportunity to receive a 50% bonus on each deposit made.
LimeFx mobile app is compatible with all Android and iOS devices. LimeFx has branches in Malaysia, Cyprus, United Kingdom, and Spain. However, none of the branches are regulated or registered with any authority that oversees the Forex or financial LimeFx services companies. Therefore, there is no strict implementation of the rules that are typically deployed by the reputable organizations in a purpose to protect customers and their LimeFxs. We open the downloaded Metatrader 4 and look at the list of available assets – by default, only 23 currency pairs are available to us.
- MT4 is well-regarded for its ease of use, advanced features and customisation options.
- However, their educational resources could be more comprehensive.
- There is a boot link to install the program on the iPhone, iPad, and iPod.
- Sadly this survey was frustrated with the exchanging expenses charged.
- All contents on this site is for informational purposes only and do not constitute financial advice.
All this is alleged since we couldn’t verify the information anywhere. The LimeFx partnership with Metatrader is the one resounding positive point which will help all manner of traders feel both comfortable and confident in using the broker. This is a positive point in respect of the many competitors who do integrate some form of fee for inactive traders. Here you should complete the registration form, combined with uploading a copy of your identity and proof of residence documents. Once these steps have been completed, your live account is ready for trading. This process is typically complete within a 1-24 hour period, according to the broker.
LimeFx has been operating in the UAE, Asia, and Europe but none of its branches are regulated or registered with any authority that oversees the Forex or financial LimeFx services of the company. The spreads are categorized into standard spreads and VIP spreads. On the Standard and Premium accounts spread starts from 2 pips, on the VIP account, spreads, starting from 0.7 pips, and on the CIP account, it starts from 0.1 pips. Brokers’ fees can vary and change, and additional fees may be charged that are not listed in this review.
Top 3 Forex Brokers
LimeFx is a legitimate broker but due to its unregulated status, we would recommend caution before registering for an account. For full bonus terms and conditions, head to the Promotion tab of the LimeFx website. To make a withdrawal from Fxlgory, login through the Client Cabinet tab and fill in the withdrawal request form. Withdrawals generally receive positive reviews, with few reporting problems.
Yes, traders have the option to convert the demo account into a live account. Before starting to trade, potential LimeFx clients should arm themselves with all possible information and trading skills needed to be successful in the world of forex and commodity trading. If LimeFx’s website itself does not provide enough means, a trader should explore other information sources to obtain that skills and knowledge. Hence, although no deposit bonuses are a great way to help you start trading, the terms to benefit from it often require trading with such a high volume before you can withdraw profits, that it may not be worthwhile.
Additional Features
This opportunity helps the client to test our services with even a small amount of money. Also, our broker takes no taxes on the profit of its clients. Also, considering that we accept most kinds of electronic money, our company has got a special welcome by the American clients. About our bonus, we should say that this bonus on depositing money will help the margin and therefore decrease the risk of trading for the clients. This bonus is provided from our gigantic and unlimited advertising budget. Furthermore, we have some especial conditions like decreasing the spread and account managing by our professional money managers for those clients who deposit more than 100,000$ in their account.
I highly recommend LimeFx as a forex broker, the leverage and bonus are great, but their educational resources could be more comprehensive. We have scanned fees that LimeFx charges when trading popular currency pairs, here is their breakdown in pips. LimeFx Ltd has always been limefx company reviews the most cooperative with its clients in terms of trading, depositing, withdrawing funds or any other requests that clients may ever had. 5) An affiliate program is provided, with the help of which you can earn extra money without LimeFx or do the brokerage business yourself.
Is LimeFx a scam?
LimeFx broker does not charge customers fees and hidden fees. There are only two types of additional payments that are accrued in any LimeFxpany. For example, if you replenish limefx broker reviews your account with $ 5,000, you can reduce the minimum spread from 2 to 0.7 points. And if your deposit starts from $ 50,000, then the minimum spread will be reduced to 0.1 points.
LimeFx is an international forex and options broker that gives traders the ability to trade currency pairs, precious metals, and oil. The company offers standard account types, free VPS, the MetaTrader4 trading platform for both desktop and mobile, and trading tools to assist traders. LimeFx is an offshore broker providing clients with trading in forex and commodities. This review will look at the services on offer, from deposit and withdrawal methods to account types and bonuses.
It is actual stock market indexes that measure the value of a specific section of a stock market. Founded in 2011, LimeFx Group Ltd is headquartered in Dubai and has offices in several locations, including Malaysia, Cyprus, https://limefx.group/ Spain and the UK. The broker also recently opened an office in Saint Vincent and the Grenadines. Unfortunately LimeFx isn’t licensed with a well-respected regulatory body which does raise some safety concerns.
Customer Support
Leveraged product trading magnifies a trader’s potential profit – but of course, also increases the potential loss. This facility enables traders to get a larger exposure to the market than the amount they deposited to open a trade. Execution-only brokers, which do not involve in personal LimeFx advice and give traders complete control over how they trade the markets, usually charge lower commissions. There is no commission charged for the deposit of funds into the account.
The platform retains nearly all of the features of the downloadable platform, including one-click trading, a built-in news feed and multilingual support. LimeFx offers a mobile trading app for traders convenience. Mobile trading allows traders to manage their accounts from portable devices like smartphones, pocket and tablet PCs. In MetaTrader 4, mobile trading offers a great variety of analytical options and graphical display of quotes in addition to complete trade account management. Using mobile terminals in daily activities offers a convenient way to keep up with accounts when traders don’t have access to a desktop computer.
LimeFx Platforms and Tools
I really like this broker for the high leverage that they provide and the strong support that they have, they never keep you waiting for too much and they always have the best answers for any questions. Not at the time of the actual trade, only if you request to withdraw. I really appreciate the pace for KYC, deposit and withdraw.
In all accounts, you can find instant and market execution and the fixed spreads remain the same for both regardless of the underlying market conditions. With a fixed spread account, you can manage your trading costs much more effectively as this allows you to know exactly how many pips you must make on trade to gain profit. LimeFx offers beginner traders the option to test the forex market through a demo account. Although the website gives information on the advantages of a demo account it does not indicate what the balance of virtual money is. The demo account with LimeFx is free and can be used for a period of 60 days. Visit LimeFx offers leveraged trading in forex and commodities through the MT4 desktop and mobile platform.
CFD trades on other markets have no commission but do wrap a spread around the market price of a certain instrument. LimeFx uses 256-bit SSL encryption technology on its website and platform to protect client data. Also, the company holds funds in segregated accounts and clients have access to multiple risk management tools. To open an LimeFx demo account, download the MT4 platform and register your details. You can then enjoy risk-free trading with fast executions while testing the MT4 platform, a new strategy and the broker’s services. Most deposits are processed the same day, but wire transfers can take up to seven days.