For Example, for MT4, the spread starts at 0.6 pips (EUR/USD), and its average spread is 0.7 pips which are tighter in comparison to the competitors. For MetaTrader 5, the spreads also start at 0.6 pips and offer an average spread of 0.7 pips on the EUR/USD. LimeFxFX minimum deposit is $25 allowing you to open an account and start trading. However, the minimum deposit amount may vary depending on your region and the payment method you choose.
ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. In this LimeFxFX review, we will discuss the broker in-depth and help you understand its pros and cons, deposit and withdrawal, legitimacy, account types and account opening process in detail. After analysing the broker in this review, we will help you save money while trading on LimeFxFX. What is also great, there is no charges for deposits so you won’t pay any commission, however always define it with your payment provider or Bank itself as an international rule vary from one jurisdiction to another. Being able to access your funds at any time with ease and convenience is another point with a regulated broker and our LimeFxFX Review.
While LimeFx has improved its educational offering with webinars and live trading session recordings, its educational articles and videos suffer from a lack of variety. FXreviews accords traders and investors with some of the best hand picked brokers that can harvest their needs for booking profits in the world of financial market. The broker does not offer up-to-the-mark features, which all advanced brokerage firms such as HFTrading, T1 Markets, PrimeFin, or Global TradeATF provide. Hence, before selecting, you should read reviews of other brokerage firms and then compare them with LimeFxFX. While researching for a reliable broker, we found that there are multiple other forex brokers with better education and research resources available for beginners. If you are a novice, you will face huge problems as the courses and articles contain somewhat tough language.
- In addition, there is a security of the traders’ accounts applied by the Investor Protection and Compensation Schemes in case the broker goes bankrupt.
- LimeFxFX minimum deposit is $25 allowing you to open an account and start trading.
- While analysing the users’ withdrawal experience, we found out that the broker has an overall satisfactory withdrawal procedure which might take around 2 working days.
- LimeFxFX has recently announced about it going swap-free in all the regions it operates.
- There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
LimeFx has over 50 different payment options, such as Visa, Neteller, Fasapay and bitcoin, as well as a large variety of local bank transfers. It is based in St. Vincent and the Grenadines (SVG), and it provides little to no regulatory protection. The security of your funds – in terms of regulatory protection – will depend on which LimeFx entity holds your account, and which –if any – relevant regulations provide customer protections.
No, based on your detected country of NL, you can’t open an account with this broker. LimeFx (formerly LimeFxFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform. This website is using a security service to protect itself from online attacks.
Is LimeFx Safe?
LimeFx also provides financial services through its intermediary, Orinoco Capital. LimeFx does have a proprietary app for social copy trading (the LimeFx Copytrading app), yet it still trails behind industry leaders such as IG and Saxo Bank. For our top picks among trading apps, read our guide to Best Forex Trading Apps. There are no additional deposit and withdrawal fees on the LimeFxFX broker. The broker’s account opening process is time-consuming, and the document authentication process takes much time compared to other brokerage firms. LimeFxFX implements an interdisciplinary method of gathering and conducting research.
The financial Service provider is a robust link between market participants and financial markets. Hence, select the broker vigilantly before jumping into the trading arena. There https://limefx.name/ are numerous brokers in the market providing trading services to their clients. Let us find out if LimeFxFX suits your trading standard or not through the review provided below.
Since the regulation demands strict follow of Forex business operations management, it is considered safe to open an account either with Cyprus or an international LimeFxFX entity. Amongst the common withdrawal problems on the LimeFxFX broker, the most common one is the pending verification of the client’s account. The other prominent reason for not receiving withdrawal on time can be insufficient liquidity to simultaneously cater to numerous withdrawal requests. The different methods of depositing money on the LimeFxFX broker include India Cash, Bitcoin, Skrill, MasterCard, UPI etc. LimeFxFX is a regulated forex broker under the Laws of Saint Lucia, and Indians can trade on the broker, but it is not listed under the Reserve Bank of India. So, if you are looking for a simple and less time-consuming account opening in Forex, then you can opt for brokers like Capitalix, NovaTech etc.
Ringkasan Broker LimeFxFX Indonesia
We are constantly improving our product to make your trading experience better. Choose from 300+ trading instruments, including shares, commodities, and indices. The income of partners doesn’t depend on trading instruments used by clients.
That all in all confirm its status and reputable position in the industry, which we will also be able to see in detail further in our LimeFxFX Review. On the negative side, traders should make sure to check the proposals , as LimeFxFX entity as an international brand and a Cyprus one offers slightly different conditions. While obviously, LimeFxFX Cyprus is more trusted the international proposal features more comprehensive tools and conditions along with education and research materials also MT4 availability. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.
Trading Conditions
LimeFx offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable instruments. There’s no question – if LimeFx wants to compete with the best MetaTrader brokers, it needs to make improvements in its range of products and its research and education. This financial service provider offers limited resources and tools for traders and investors. The problem with the daily forecast of the financial market insight is that they are outdated. LimeFxFX launched in 2011 we see it walked a path with various operation licenses including SVG registration, operating the UK branch, yet suspended this entity back in 2017 and target Cyprus as its next destination of operation. LimeFxFX is a technology-based brokerage company and Forex broker that operates since 2011 and offers an industry-leading platform Metatrader4 and MetaTrader5 with numerous investment opportunities and great capabilities.
While an international brand may offer slightly different conditions, which you may check from the site better. Fee table see below, also always consider other than trading fees like funding fees and inactivity. In addition, there is a security of the traders’ accounts applied by the Investor Protection and Compensation Schemes in case the broker goes bankrupt.
Bonus deposit
It falls under the regulatory oversight of the Cyprus Securities and Exchange Commission (CySEC), ensuring enhanced safeguards for European traders. LimeFxFX customer support provides its clients with 24-hour live support available through live chat, email, and phone support in various languages. By a simple follow of instructions, you may access your account and submit a withdrawal. And of course, limefx forex broker you may always count on a great help center which is remaining at your assistance. So, the main gap for these years of operation was the fact that LimeFxFX was a brand of the LimeFx Markets Incorporated company that is registered, regulated and governed by the Law of Saint-Vincent and the Grenadines. Which is offshore heaven for its tax management as well as relative ease to establish a company.
Trading Instruments
Lastly and what we like the most is the LimeFxFX platform offering, while you may select either industry-leading software also a newer version MetaTrader5 with all benefits included and not restricted. The broker also offers the older MT4 option for those clients who prefer conducting their trades on it. Also, see below the comparison table with a typical LimeFxFX Spread and compare brokers to other CFD Brokers with CFD fees, commission or inactivity fee if applicable.
However, when compared to research leaders IG, Saxo Bank, and CMC Markets, LimeFx has room to enhance its research offering. For example, the “minimum expertise” field lets you choose between newer systems, all the way up to those with legend status. I was also pleased to see a risk score assigned to each trader, to help users differentiate between traders with historically conservative results versus those that have had more volatility and risk. It would be useful to be able to sort the columns from highest to lowest, but that feature is not yet available when looking at the Master Rating results page. By comparison, industry leaders Saxo Bank, IG, and CMC Markets all offer over 10,000 tradeable instruments.