LimeFxFX claims to have 21 million clients across 180 countries signed up since its foundation.
How do I deposit into my LimeFx Account?
The customer service reps seemed not to be trained to handle very basic questions, so we imagine if you have a complex inquiry, you will be pulling your hair out. You will also find trading available with micro lots, mini lots, and standard lots with the spread variable or floating. We should also mention you shouldn’t get requotes or rejections since market execution rather than instant execution is used. LimeFxFX only has a spread-only account, meaning no commissions are charged in addition to the spread. With over 60 Clients at 12 USD per lot can result in an average monthly commission of 14’418 USD. LimeFx provides a variety of deposit and withdrawal options to accommodate different preferences and needs.
What is the Minimum Deposit at LimeFxFX?
- Account registration with LimeFx is straightforward and user-friendly, allowing new traders to quickly set up their accounts and begin trading with minimal hassle.
- LimeFx is transparent about its fee structure, and there are no hidden fees.
- It is regulated by CySEC, MISA, and FSCA, and has earned a trust score of 92 out of 100.
- The spreads are competitive and may vary depending on the asset, account type, and market conditions.
This platform has clients originating from over 100nations around the world. It is important to note that the UK’s FinancialConduct Authority considers LimeFxFX as a legitimate and regulated brokerage. As long as a broker has MT4 and MT5 it should be more than enough for most retail traders.
LimeFxFX Forex Review: Fees, Safety, Platforms
This section will cover how the different entities of LimeFx are regulated and how this impacts you as a trader. We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust. Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers. LimeFxFX is also available on mobile and has dedicatedapps for both iOS and Android. There is virtually no performance differencebetween these mobile apps and desktop apps. Multiple times, we asked questions regarding things such as deposit options and broker regulations, and we were met with a long pause, followed by less than sufficient answers.
Fees, Spreads, and Commission
Theactual commission charge is based on a mixture of standard prices and markupspreads. The table belowprovides a general idea of the spreads typically seen across LimeFxFX’splatforms. The LimeFxFX Trading App is an officially acknowledgedForex trading software. It permits all financial transactions available throughconventional desktop apps. Naturally, it provides Level II quotes, server trailing stops, single-clicktrading and sophisticated charting options. It utilizes cloud servers to backup accounts and keep a centralized tab on all of them.
Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. Minimum deposits at LimeFx will vary depending on your country of residence and your chosen payment method. They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR).
LimeFx protects customer funds by segregating them from the company’s balance sheets and provides negative balance protection. Additionally, it uses SSL-secured encryption to safeguard your financial transactions and personal data. LimeFx is a Forex broker providing ECN trading and CFDs on Indices, Metals, and Cryptocurrencies via MT4 and MT5. It offers diverse trading accounts, copy trading, bonuses, and extensive research tools.
By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments. Additionally, their competitions and trading bonusesadd an edge to their brokerage. For novice and even experienced brokers, LimeFxFX offers a wide rangeof educational materials.
Further researching the deposit options, we concluded that bank transfers and credit cards were entirely off the table for Australian traders trying to get funds into their accounts. However, LimeFxFX suggests a minimum deposit of $100 for optimal trading experience. LimeFxFX allows you to trade on one of three different trading platforms. MetaTrader 4 (MT4), MetaTrader 5 (MT5), and LimeFxTrader, an in-house white-label program. As seen in the module below, we found LimeFxFX spreads to be largely average for major FX pairs, and disappointing for cross-pairs.
The spreads for CFD stocks vary based on the stock and market conditions. LimeFx offers trading in several popular cryptocurrencies, including limefx scam Bitcoin, Ethereum, and others. LimeFx provides access to a broad selection of forex pairs, including major, minor, and exotic pairs.
These include all the most common cryptocurrencies, but looking at the live quotes, they were wide, we’re not sure we’d ever want to trade crypto on this platform. If you’d like to trade stock market indices, pick from one of ten major global indices. These include the SP500, Nasdaq, French CAC40, and Australian SPI 200. While the above module takes the spreads from the broker’s website, we at CompareForexBrokers have done our own testing using 20 MT4 brokers to find out their average spreads. You can read about our findings in our Standard Spreads test results.
This means clients with LimeFxMarkets don’t have any form of regulatory protection so you can only trust LimeFxFX operations meet the standards you would hope. As this subsidiary is not regulated, LimeFxMarkets can be called an offshore broker. Since the broker has no swaps for all trading accounts as a default, there is no need to have a special Islamic swap-free trading account. If you are not of Islamic faith, having no swaps can work for or even against you.
Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account. LimeFx offers the popular MetaTrader 4 and MetaTrader 5 platforms across desktop, web, and mobile. These platforms provide robust charting and a wide range of order types and enable automated trading. The web-based LimeFxTrader platform is a beginner-friendly and convenient alternative.
Each year, we collect thousands of data points and publish tens of thousands of words of research. LimeFx has made great strides with its pricing options for traders and its educational content, but suffers from a limited range https://limefx.biz/ of tradeable instruments. LimeFxFX has a truly impressive array of features andoptions to offer to traders. Their personal support is also genuine andcustomer care executives seem to eagerly resolve client queries and problems.
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