There are 12 different modes of depositing and withdrawing funds from this broker. The advantage of using LimeFX is that you will always have access to a wide variety of tools needed to access the wider Forex market at the best bid or ask prices. It’s full of excellent product features, plus it’s easy to understand once you get the hang of things. However, if you want to trade in an ECN environment, the broker demands that you should fund your account with a minimum of USD 200 or EUR 200. This is aimed at fostering a long-term relationship with its clients while also making sure that they are conducting business in a professional manner.
- Instead, the broker relies on the industry’s popular trading platforms MT4 & MT5.
- However, I am not able to find any video tutorials which was a bit disappointing.
- With that being said, the broker is a win-win choice for all types of traders.
I believe the broker needs to add more financial instruments to its catalog of tradable products to meet the industry standards. LimeFX offers their traders the opportunity to participate in the trading of a wide range of lucrative global markets including spot metals, stock CFDs, ETF CFDs, Index CFDs, Commodity CFDs, forex and binary options. LimeFX doesn’t have a research section available on their website. Therefore, traders might struggle to get information on the forex market. The absence of a research facility makes me think as to why a broker would not offer something very useful for traders.
Platforms & Tools
In case the company goes bankrupt, the Financial Commission offers compensation for the financial loss of traders of up to 20,000 US Dollars. Those users with no previous trading experience may prefer other brokers with more intuitive web platforms. For the time you have in the forex I think you are not aware of the magnitude of the market, if I am not mistaken no one has achieved success without destroying accounts. To make things easier for you, the broker top forex brokers runs a trading platform that guarantees a 1-click trading experience, plus they run a live DowJones news feeds 24 hours a day. While spreads vary based on the pair you’re trading and the market conditions, this broker is generally keen in ensuring that spreads are favorable for all clients. Their mission is to provide all clients with a reliable and trustworthy trading environment that is also supported by modern technology and responsive customer support.
If you want to download the trading platform, you can head towards the official website of LimeFX Broker or Click Hereto download. Users can get started trading with a “Demo Account” and they lead the pack with four different accounts; Standard, Micro, ECN, and ECN Pro account. Secondly, these problems have always been fixed in good time accordingly.
The deposits start as low as $10 and can reach as high as $10,000 depending on which account you choose to go for. When it comes to spreads though, LimeFX is one of the best choices in terms of profitability on all levels. Simply looking at the broker’s offers, it’s easy to see LimeFX Review 2022: Pros, Cons and Key Features that they’re trying to focus as much on beginner support as possible, which is why the smallest account has the smallest spread range. The Cyprus Securities and Exchange Commission is enhancing its supervisory capabilities through the use of new technologies and other tools.
All commentary must maintain a high level of objectivity and provide balanced views. Before going live, each article is thoroughly reviewed and fact checked by a qualified member of the editorial team. That yes, totally according to VictorFX, the money will last you very little, planéatelo as an investment in formation to fund more than to pretend to make money with it. Main advantages and this is why we’re the choice of over one million clients.
This is where we will stop with the discussion about regulation as it is more than enough to convince us about the broker’s legitimacy. Let’s now, discuss the much more important parts of trading conditions and the overall profitability of the brokerage. Nowadays though, the company covers almost all of the world in its market share and services thousands of clients on a daily basis. To ensure web protection, LimeFX employs secure SSL encryption models along with two-step authentication, preventing any unauthorized access to the company’s database. Owing to multiple safety measures and regulatory protections, LimeFX is a safe broker.
What Is Margin In Forex?
However, how do you know if LimeFX is the right trading brokerage for you? Find out in our in-depth review below where we analyze all aspects of this lucrative broker and see how they stack up to the competition. With a product range of more than 250 tradable instruments, competitive spreads, and demo accounts, LimeFX caters to the needs of both novice and seasoned traders. High stock market volume traders can benefit from commission-free trading along with generous leverage. On the other hand, newbie traders may use demo accounts to learn and practice varying trading strategies without risking their real funds. The broker also offers copy trading services that can be equally beneficial for both beginners and professional traders that face time constraints.
LimeFX does not charge their traders any commissions, but instead makes money by charging a fee through the spread on each trade executed. These spreads vary depending on the financial instrument being traded and also depend on the trading account the client has. All in all though, the spreads are relatively low and comparable with the industry standards and range from 0.8 pips to 2 pips. Today, they have different account types and trading instruments to offer. What’s more, they have more than 50 forex pairs, 30 CFDs, Commodities, and Metal for the traders. Playtech expects rejection of Aristocrat 680p-per-share offer at today’s shareholder vote.
The company had to close its London HQ down, lost its FCA license and moved to off-shore world. The only thing I found interesting was the sign-up option for webinars. The broker holds live webinars to help clients learn about forex trading. However, the broker could have considered offering post-recorded webinar sessions to allow clients access them in their free time. Recorded content doesn’t only provide traders with more flexibility but also help novice traders to develop a better understanding of various trading strategies by watching them over and again.
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.
Also, LimeFX adheres to the strictest set of financial standards and regulations due to their licenses, memberships, and regulations. All in all, LimeFX can be trusted to provide safe, fair, and transparent online trading services as they have an excellent reputation and are trusted by over a million clients. With a history of almost two decades of ups and downs, the broker has a customer base of more than two million traders all over the world. The broker specializes in trading services in multiple financial instruments, including but not limited to forex and CFDs.
LimeFX Broker Vs LimeFXcom
All in all, we highly recommend that anyone trades with the LimeFX online trading brokerage. LimeFX takes the security of client funds and their personal information very seriously and therefore employ the latest and greatest security measures to protect them. For instance, client funds are held in segregated and secure tier 1 bank accounts and all transmitted data is encrypted using an advanced SSL cryptographic protocol.
Anyhow, since nothing is available to talk about, I better move forward, leaving a few notes. The broker should consider adding content in its research area to help clients to trade with confidence. The research section should have a market analysis head, forex calculator, economic calendar, and a price alert feature.
Now, let’s take a look at the methods you can use to withdraw funds from the brokerage. This is one of the most important aspects of the broker as well due to the fact that you’re reaping the rewards of your hard work using the tools that they supply. The review will introduce you to the brokerage as an already recognized legitimate company, but with an emphasis on comparison and cost-effectiveness. Bonus120% Deposit Bonus – New and existing clients get their account boosted by 120% of the amount they deposited. ForexToStocks is committed to delivering content that adheres to the highest editorial standards in terms of accuracy, sourcing and objective analysis. Hello Kennet, with 100 $ the best is to look at micro accounts or directly LimeFX .
CySEC aims to strengthen its ability to identify bad practices in a timely fashion, working proactively to prevent their implementation. CySEC’s enhanced supervisory approach includes the use of new technology to monitor and supervise the marketing and social media activities of regulated entities. It is a type of forex execution in which “You have to specify the volume and price of your order,” and the order should be processed instantly. If the trading price changes at the time of order placement, a broker cannot change the execution price. Like most Forex brokers, LimeFX streams live news in the Forex market, and thus traders are able to make decisions based on the relevant news. The aim of this broker is to provide fair and transparent trading across different financial instruments on the internet.
Spread: 0 5 Pips Eurusd
All the aforementioned research tools can make a difference in providing customers with enhanced trading experience and a traditional stream of offerings. The MetaTrader 4 and MetaTrader 5 comes with various promising features, such as multiple types of order executions, built-in technical indicators, drawing tools, and live price quotations. Traders can also employ hedging techniques to diversify their trading risks using both of the trading platforms.
In this case, we need to talk about the LimeFX withdrawal methods as well as minimum deposits for various tears of traders. The next thing we need to focus on is whether or not it’s worth it to trade with LimeFX International. Since we’ve already determined that they are a trustworthy brokerage, we can dedicate all of our efforts to finding out whether or not they can pose as a great alternative to various other Forex brokers on the market.
The broker offers four types of accounts under two categories, including Forex Standard, Forex Micro, ECN Standard, and ECN Pro. Additionally, LimeFX does offer two types of trading accounts for more advanced or professional traders that include commission based trades on top of the commission. These types of accounts have average commissions of 0.3 pips and 0.6 pips with commissions of $16 per million or $32 per round-turn.
LimeFX sets Retail FX record with January 2022 volumes topping $1.5 trillion. After topping the $1 trillion client trading volumes mark in each of the last three months of 2021, Retail FX and CFDs broker LimeFX started off 2022 with a bang, posting $1.51 trillion in volumes for January 2022. The $1.5T mark is – by a wide margin – the most trading volume ever posted by a Retail FX broker, besting LimeFX’ own previous record of $1.269 trillion set in November 2021 by 19%.
Leverage & Spreads
Like all reputable FX brokers, LimeFX sought the necessary authorization to run a brokerage business on the internet through the CySEC regulatory body. This Forex broker is based in Limassol, Cyprus, which is the most preferred operation base for most online Forex brokers on the web. All of these have corresponding trading conditions as highlighted in previous paragraphs, so it’s easy to determine which ones are for beginners and which ones are not. The easiness of making withdrawals is usually the main showcase during Forex broker reviews, on how trustworthy the company is. 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.