LimeFX is regulated by Financial Conduct Authority , Cyprus Securities and Exchange Commission , Australian Securities and Investment Commission . These figures have rules that mandate that trading platforms have measures in place to maintain investor’s resources secured. This usually means that LimeFX users don’t need to worry about their money since it is segregated and safely stored in banks that are established. SSL encryption secures every user’s private information as well.
It has over 10,000+ registered customers and over 11 years of expertise on its record. They are one of the world’s leading trading platforms and a prominent figure in the LimeFX Forex Broker Review: Can You Trust It or Not Fintech revolution. The reason that LimeFX asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies.
In addition, you could also gain access to a vast selection of educational tools and assistive material to kickstart your trading experience. LimeFX safeguards its clients’ private and sensitive data under SSL encryption. The process to start trading withLimeFX is perhaps simple enough to be a cakewalk.
We have attempted to breakdown all of the qualities and fees for your advantage. LimeFX stands next to traders by offering them all they need to know about Forex. Traders have the ability to enjoy the broker’s educational videos, E-book, Economic Calendar, Forex Encyclopedia, live Economic News and arranged Webinars. One can find the above material by entering the Homepage of LimeFX and click on Academy Tab. LimeFX focus business on Metra Trader 4 which is the most preferable platform from the majority of traders from all over the world.
The broker cooperates with 16 investment rated banks providing instant access to one of the deepest liquidity pools. This broker is regulated under several jurisdictions such as FCA, CySEC, FSB and ASIC assuring the economic strength of the broker and the integrity towards its clients. LimeFX gives a chance to its dealers to close their trades in their specified price.
Their clients can exploit complete educational materials and sound market analysis to enhance their trading skills and knowledge. Considering the technology of 21st century, LimeFX allows you to trade even if you are not at work and keep an eye on the financial market. The mobile application is easy to be used and it has almost the same features with the Desktop MT4. The only differences are in the layout and the size of separate elements of the interface. Mt4 application can be downloaded from Google Play and the App Store. LimeFX research and strategy team prepares daily reports covering fundamental and technical analysis, overviews of the world economies and the financial calendar of economic announcements.
Any processing fees from your bank might need to be incurred by you. This LimeFX review breaks down each of the applicable non-trading fees for you in detail. If you would like to trade with LimeFX, you will need a minimum deposit of $500. This deposit is required if you wish to begin trading using LimeFX.
LimeFX features trading on MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps. LimeFX is fair, transparent, and a well-regulated broker by the Financial Conduct Authority , Cyprus Securities and Exchange Commission , Australian Securities and Investment Commission . Their outstanding variety of Economics resources will be beneficial for most traders. LimeFX is a broker that has found its way successfully to the brokerage world. In this review, we’ve tried to collate some of the vital aspects of LimeFX. This review can allow you to understand whether LimeFX is a good match for your investments or not.
Does LimeFX Offer Guaranteed Stop Loss?
While LimeFX provide you all the tools to earn money, they can’t guarantee you will profit. If you want to further protect your accounts, it is possible to enable Two-Step Verification as well. LimeFX has a wide variety of over 100 instruments available for you to trade with. LimeFX, as a business, has a strong set of rules for ensuring honest trading on its platform.
The process is effortless and quick, with different payment methods at your fingertips. With this virtual LimeFXdemo account, you are able to experiment at all, to whatever length you wish. You might even start positions, examine different trading approaches, and more. On the other hand, a spread denotes the gap between the buying and selling cost.
Does LimeFX Offer Live Chat Customer Support?
Even if no charges have been implied by LimeFX, it’s best that you close the account if you’re inactive. Inactivity fees aren’t just charged by brokerage firms but also many financial services. Understanding whether you will be charged inactivity fees is only one of the buzzing questions that run through your head when open an account with LimeFX. An inactivity fee is an amount charged to registered traders who have not engaged in buying or selling for some time. Once you are done setting up your profile, you must deposit a minimum amount to get started.
- LimeFX specifies on its official website which you can exchange real time stocks in a demo account.
- LimeFX also includes excellent trading conditions that are readily available to only an elite class of institutional customers.
- You will get adept at all of the concepts of broker since you continue trading.
- It’s to establish a sense of security and confidence in you until you choose to spend your own money.
- The broker goes to great lengths to comprehend what dealers need.
The inactivity fee is exposed to a lot of circumstances and should be disclosed clearly by the broker beforehand. Generally, LimeFX does not charge high fees compared to other online brokers. For operations other brokers fee for, they do not charge a brokerage fee, or they charge a smaller amount.
Wrong judgment, in the beginning, can set your investments at risk. If you’re a new entrant in the world of trading and broker, so many Dividend details will be perplexing for you. Getting into the area of trading requires expert analyzing skills and comprehensive knowledge.
They’re billed for operations like depositing money, not investing for lengthy periods, or withdrawals. A free demo account can be created by entering the official website of LimeFX and click on the red button ‘’Open Demo account’’. A trader has the ability to choose between 4 different accounts with maximum virtual money of 100,000$. Demo accounts allows traders to use their trading strategies prior depositing and trade with real money. When you move money in your trading account from the bank account, a deposit fee can be charged by the broker. Most brokers do not charge an excessive amount of money for this operation.
What Is The Minimum Deposit For LimeFX?
Trader needs to receive his initial deposit via the payment method initially used. Profits made from trading can be sent to his bank account or any e-wallet LimeFX offers. In order for the above to take effect, trader needs to apply for a withdrawal from his client portal. Trader can track his withdrawal request by entering the Transaction History from his Client Portal. Yes, LimeFX offers demo accounts so you can learn their systems before risking any real money. For other trading platforms, the inactivity fee is contingent upon the type of account you’ve selected.
Is LimeFX A Market Leading Broker?
LimeFX is a Cyprus-based broker providing access for speculators to the retail foreign exchange market. The company has offices in Cyprus, London, Johannesburg, and Sydney. They keep their clients’ funds in segregated bank account from company’s bank account.
The dealers can set aside all their worries when trading with LimeFX. They provide low competitive spreads, fast execution orders and transparent services. Many traders throughout the world select LimeFX for their scalping services. They offer trading on MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps which allow this. The highlight of this platform is its fast order execution on trades. Every online trading platform has some pros and cons LimeFX review would be complete without showing both sides.
Can You Trade Metals With LimeFX?
For data encryption purposes, it supplies an industry-standard secure socket layer . If you feel that LimeFX is not right for you then at the bottom of this LimeFX review you wil find a lot of alternatives to LimeFX. Please note that due to regulations, the content in this LimeFX review does not apply to US users. This LimeFX review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. In 2014, LimeFX opened an office in South Africa and became authorized and regulated by the Financial Services Board .
All traders can choose out of MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps. The trader resource department at LimeFX is very enlightening for new traders as it allows them to have a closer look in the financial markets. LimeFX caters to all sorts of traders and are a must-have broker for almost any well-diversified approach to online trading.
A fast implementation enables users to exchange without worrying about slippage safely. It is going to also help the traders to catch the maximum profitable opportunities. Our full LimeFX Review covers all you will need to know about trading using LimeFX. A good agent can multiply your initial investments and provide you favorable profits.
It will require you to fill in details pertaining to the credibility and security of your account. If trading forex pairs is of interest to you then LimeFX offer over 120 currency pairs. In case you are withdrawing cash in different currencies from USD, a conversion fee is also applicable. The conversion fee will be dependent on the currency you are choosing to draw in. Withdrawal of money is possible at any moment from the LimeFX account.