On the other hand, the MT5 plugin aids in outlining the parameters and notifying the investors when the vital phases are broken. The Autochartist plugins and apps are developed to ease the trading experiences of beginners and to improve the new trading strategies by making them more intuitive to use. More importantly, over 93% of the LimeFX customers report a positive experience with this broker. Most of the above-listed methods are available for processing withdrawals as well.
Chatting with fellow traders directly through the MT5 platform is also possible. Additionally, here you will find 30 technical indicators you can use to automatically detect trends in the price dynamics of different trading instruments. MT4 also offers various analysis tools, 9 time intervals, and an economic calendar for the latest happenings in the financial world. You can test various Expert Advisors via the in-built strategy tester. With that in mind, LimeFX keeps the investments of its clients safe by storing them into segregated bank accounts. There is also a compensation scheme, with the FSC allocating 10% of monthly membership charges to the compensation fund.
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The spreads for ECN accounts at LimeFX International are lower starting at 0.4. However, customers are also charged a commission of $1.5 per lot per side. LimeFX International has lifted the ceiling on the maximum number of orders but pending orders are still restricted to 300. As for the trading instruments, those who choose this professional account are presented with 54 major, minor, and exotic currency pairs, and 3 spot metals. If they prefer, clients of LimeFX International can download the improved version of the third-party MetaQuotes software, the advanced MetaTrader 5 platform. It operates similarly to MT4 but is equipped with some extra features, including market depth, which might appeal to more experienced traders.
- And also they take 2 weeks to deposit my money into the trading account.
- The broker has become a market leader in frontier and emerging markets with excellent payment methods including the local fiat currencies and alternative cryptocurrencies.
- LimeFX’s trading fees are higher than average on its instant execution accounts, but competitive on its market execution accounts.
- The available cryptocurrencies are Bitcoin, Ethereum, Litecoin, and Ripple.
By investing in CFDs, you assume a high level of risk and can result in the loss of all of your invested capital. Overall, LimeFX’s range and depth of trading instruments are limited compared to many other brokers. LimeFX’s mobile trading platforms are average compared to other Forex brokers. LimeFX’s non-trading fees are average compared to other similar brokers. LimeFX fully complies with its regulator and global AML/KYC requirements, meaning account verification is mandatory. Most traders will satisfy it by uploading a copy of their government-issued ID and one proof of residency document.
These are, without a doubt, the biggest scam artists I have ever come across in the industry. It’s astounding how they operate, luring unsuspecting individuals with enticing offers and promises. Don’t settle for some shady tax haven or an offshore island with a wild west mentality.
Local deposits include:
However, you will find out by reading the clauses well, that the Non-Dealing-Desk (NDD) option only refers to Pro accounts. Also, it is possible to get a free bonus if you refer a friend to LimeFX. Please inform yourself about the actual promotions on the LimeFX homepage. This brokerage company was indeed launched in 1998 and was first based in Russia. The broker was growing very fast and settled in the United Kingdom and the US in 2006. LimeFX is mainly regulated by the FCA (Financial Conduct Authority), which is the UK’s leading supervisory body.
- Still, LimeFX complements it with high-quality in-house research, which includes trading ideas.
- With over twenty years of experience in the industry, the LimeFX brand is one of the larger players on the online trading scene.
- 📒 LimeFX International provides a wide range of educational tools which allow newcomers to begin trading with a full understanding of the risks involved in the Forex market.
- This broker advertises 250 plus instruments as being available for trading, but the number and type of available assets actually depend on the account type one is using.
You can also reach them through their social media platforms which include Facebook, Twitter, YouTube, and Instagram. I would’ve appreciated it if their support team was available on weekends as well. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. 🔍 The LimeFX International News https://limefx.biz/ Portal provides information on trading conditions and trading schedules. However, apart from this, the company does not provide other tools with which to judge the market, such as sentiment tools, economic calendars or charting tools. 📒 Added to this, the company offers a range of educational tools which allow traders to gain an in-depth understanding of the Forex market.
LimeFX is fully regulated by the Financial Services Commission in the Republic of Mauritius. New LimeFX International investors can benefit from Copy Trading on the platform. This type of trading provides the same experience as regular trading, but the account copies the moves of professional traders known as Strategy Managers. Besides traditional limefx bank transfers and credit cards, investors can deposit money via digital payment methods such as Skrill and Neteller. And deposits can be made with cryptocurrencies or cheques, although this usually takes up to a week. LimeFX is a member of the Financial Services Commission (FSC) and offers coverage of up to €20,000 for disputes.
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Please be aware that this might heavily reduce the functionality and appearance of our site. Navigate to the My Money area of myLimeFX and proceed to the Deposit section. Next, fill up the appropriate sections after selecting the myLimeFX profile or wallets into which you want to transfer cash. LimeFX does not charge any fees for the deposit and also some withdrawal methods are without fees. When it comes to choosing a Forex Broker, it is also essential to analyze all the clauses written in small print (which many often do not). Almost everyone is convinced that LimeFX is an ECN broker, Non-Dealing-Desk, and has direct access to Inter-Bank Market.
The free demo account is only available for the Standard Account MT4 and ECN Account MT4 and 5. LimeFX also provides you with Autochartist, trading signals, expert analysis, and other tools to assist you in making your trade decisions. PAMM and investor accounts are also available if you prefer to invest your funds in other traders.
LimeFX’s Nano Account has no minimum deposit requirement and allows trading in smaller trade volumes (micro-lots) making it accessible to beginner traders. LimeFX’s accounts are suitable for beginners and more experienced traders. We define beginner traders as inexperienced traders who have never traded before or have been trading for less than a year. Beginners often do not want to risk trading large sums of money, and will generally not be able to trade full-time during the workweek. The process for opening an LimeFX International account is designed expressly to be as simple and swift as possible. After completing the initial registration form, a verification pin code is sent to the email address or mobile phone number supplied.
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The Standard accounts have lower minimum deposits, and while no commissions are charged, spreads are wider than average. LimeFX offers six live accounts on the MT4 and MT5 trading platforms. The Pro and ECN Accounts have spreads starting at 0.3 pips on the EUR/USD, with a round turn commission of 3.2 USD, making them some of the lowest-cost accounts in the industry.
This was due to the company’s technical base, its versatile product line, and the transparency and quality of its customer service. Complete your LimeFX trading profile after registering your information, open an account and make a deposit to start trading with LimeFX. 👉 Direct trading enhances execution in the market, and the account’s No Deal Desk technology allows or no re-quotes.