Firstly, the funding / withdrawal fees are really quite high. For example, the credit card fees are particularly hard to justify. While it is important to note that these are third party fees, they are still higher than most of the other brokers we have covered. Hence, it could be a challenge for some traders to get on board with. You can add funds to your account via bank wire transfers, bank cards, and online payment systems. For bank transfers, the currencies available are USD and EUR.
We tested the multilingual LimeFx team by making calls in various languages. LimeFx made an effort to ensure all of our questions were answered. We tried communicating via LimeFx support in multiple languages across multiple countries. Understand the trading resources available with LimeFx, freetrade & LimeFx below. Understand the capabilities of the mobile apps of LimeFx, freetrade & LimeFx below.
LimeFx is known to specialize in foreign exchange or forex. You can expect to see several major currency pairs on their platform. These include EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD, AUD/USD, and NZD/USD. Aside from these, minor and exotic pairs are also tradeable with LimeFx. In general, I’d say that working with this broker has been a good experience for me, but the lack of trading instruments there wasn’t that good.
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Just like the Fix account, you are given a maximum of 100 open and pending positions with a margin call of 40% and a stop-out call of 20%. With this account, you will be able to trade up to 11 cryptocurrency pairs, 28 currency pairs, commodities like gold, silver, and oil, and CFD contracts for major stock indexes. You will have a maximum of 100 pending or open positions with a margin call of 40% and a stop-out level of 20%. LimeFx utilizes the popular and reliable trading platform MetaTrader 4. This software contains all the essential tools their clients would need to be able to trade efficiently.
This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-based LimeFx account. I like the overall regulatory environment of the Vanuatu Financial Services Commission. IN addition, LimeFx has 13+ years of experience, and I consider it a trustworthy and secure broker.
Negative balance protection
As an extra precautionary step, I would like to see a third-party insurance policy covering client deposits or membership with the Hong Kong-based Financial Commission. I am using this company for 6 month , like their execution time – everything is working like good watch;) LimeFx platform can work with Zulu – it is great oportunity for making money. LimeFx accept both Deposit and withdrawal through USDT TRC which is great advantage for cryptotraders like me.
LimeFx, as a business, has a strong set of rules for ensuring honest trading onto its platform. For data encryption functions, it supplies an industry-standard secure socket layer . You can make use of a choice for 2 Factor Authentications with LimeFx for heightened security. limefx broker reviews An SMS for the verification code will be sent to a mobile phone. You’ll be asked to enter this code to log in to your accounts. If you feel that LimeFx is not right for you then at the bottom of this LimeFx review you will find a lot of alternatives to LimeFx.
We also believe the Asian agents may have difficulty communicating with EU and US traders, but as LimeFx doesn’t offer its services in the regions, it isn’t something to worry about. LimeFx caught our attention after its global market revolution. It’s important to note that LimeFx offers trading on the price movement between crypto pairs – in other words, you do not ever own the underlying asset.
Advantages and disadvantages of LimeFx
We have tested the livechat experience with LimeFx and it worked flawlessly. We have sent messages to LimeFx livechat through their app and website and recieved a response after 10 seconds. Commissions can be fixed or dependent on the traded volume. On the flip side, a spread refers to the difference https://limefx.group/ between the buying and selling cost. Funding or overnight rates are those who are billed when you hold a leveraged position for longer than daily. In accordance with the organization’s privacy regulations, customer data is to not be shared with any other institutions or individuals.
- There is also email support for folks who may not have urgent issues.
- LimeFx also edges ahead of LimeFx in their spreads; LimeFx’s Fix account spreads start at two pips and rise significantly for less popular pairs.
- It is always a nice touch when a broker includes other tools and resources to help improve your trading edge.
Trading Forex, CFD, Binary Options, and other financial instruments carries a high risk of loss and is not suitable for all investors. The information and videos are not an LimeFx recommendation and serve to clarify the market mechanisms. The texts on this page are not an LimeFx recommendation. LimeFx is a great broker that limefx was founded in 2008, and since then, it has received over 60 valuable professional awards for providing trading solutions internationally for over 14 years. LimeFx has its headquarters in many parts of the world, such as Cyprus, Thailand, and India. They can provide their trading services in Forex and CFDs to clients worldwide.
Does LimeFx offer Live Chat customer support?
I trade on a real account but before used its demo so that I could test various strategies. Well, I can say that the website is very convenient and it provides a lot of training video and other useful materials. Besides, here there are a wide range of withdrawal and deposit options.
However, although the firm offers an affordable trading environment, the fees are a bit higher than other firms in its category. Now, please keep in mind that there are no standard fees here. Unlike other brokers out there, LimeFx does not have any signup bonuses. In fact, we scoured the depths of the internet and could not find any info on this.
How many people use LimeFx?
You’ll discover the clean layout of this platform and the commendable features are pleasant to work with. LimeFx is a legit company headquarted in Mauritius since 2008. LimeFx is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
In this LimeFx review, I will give you everything you need to know about them. I will also give you some essential trading tips that you need to know. LimeFx is a large international Crypto, Forex and CFD broker that has been around for a fair amount of time. You also have the option to send in your queries using their website.
Each step introduces new trading materials along with tightening spreads. LimeFx offers bank wires, credit/debit cards, WebMoney, Skrill, Neteller, Perfect Money, Ngan Luong, PayToday, Dragonpay, QIWI, and Z-Payment. All traders will find a suitable payment method, but I am missing cryptocurrencies, especially since LimeFx grants Bitcoin and Ethereum as account base currencies. Traders get quality weekly market reviews from LimeFx, which I find informative and well-presented, but it would be better to get it daily.
Following the norm of forex brokers in the country, LimeFx is registered under the Vanuatu Financial Services Commission . Although not as popular as Cyprus as an offshore destination, Vanuatu still serves as one of the main offshore jurisdictions for retail online brokers. Besides lots of currency pair, LimeFx also offers some instruments you would like to trade on, such as Forex, Gold & silver and CFD for your best choice. Somehow, remember that different instrument has different trading conditions.
Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the LimeFxpanies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff. I have almost 1 month experience with this broker, excellent service and well customer support, very ploite.