This can be a major setback for the company, and it would be better for both business and clients to include some special offers. There are other top rated forex brokers for beginners that offer better education sections. If you decide not to trade with your account anymore, it’s best you close it by notifying customer support to avoid fees. LimeFX is a loyal member of the Financial Services Compensation Scheme .
The highly active traders and investors of the significant financial situation are usually provided with extra trade opportunities by the liquidity-providing brokers of the platform. It is recommended to make minimum deposits via bank transfer as bank transfer deposits do not require any additional minimum deposit fee or withdrawal fee. For withdrawal, the fee is 25 GBOP or 30 EUR or 40 USD for international bank transfer. However, if one seeks quicker withdrawal of money, they need to make an extra payment of 10 GBP for faster payment via card withdrawals. It is very easy to make deposits and withdrawals in the account on LimeFX by various payment methods. The broker platform allows users to make transactions via bank transfer, Union Pay, Skrill, MasterCard, and VISA.
Every broker will have its own fee rules surrounding withdrawals. On top of that, payment providers also charge different processing fees. LimeFX operates a 100% agency model and does not take a position against the trader to manipulate trading activity in its favour.
All applicable trading accounts created by clients in non-Islamic countries. Segregating client funds prevent the use of client funds by LimeFX for its own account. CIMA is tasked with the regulation of the financial services industry in the Cayman Islands. Overall, LimeFX can be summarised as a trustworthy broker that is well-regulated by the Cayman Islands Monetary Authority.
It takes around 1-2 business days to receive the withdrawn amount in the bank account of the user. However, a few improvements that need to be implemented immediately include the launch of more trading tools, research tools, technologies, and association with more reliable brokers. It is evident from the insightful LimeFX review that the LimeFX bring an up-to-date interface of high standards. It is highly suited to the trading needs of traders and investors irrespective of how much trading experience they possess.
This is a big positive with the broker as withdrawal fees can seriously add up. This uncertainty has caused demand for the dollar to climb as investors seek a safe-haven currency. More people are now recognizing the benefits of a volatile market to help regain lost income. And with an increasing number of people at home, forex trading has catapulted by a huge 300%. Let’s go through LimeFX leverage before you make your decision.
What is LimeFX?
It is critical to say at the beginning that crucial point for all the companies is to meet the regulatory requirements. It is a member of the National Futures Association with the number and is a registered broker by the Commodity Futures Trading Commission . Besides, LimeFX is interested in providing the best service to its customers through new technologies available in the trading industry. It means that this company joined the best brokers, analysts and software programmers to create reliable and high-tech trading experience.
- Therefore, it is very important to sign up with a trustworthy and reliable trading platform that provides good customer service.
- Below is a detailed article by professional trader, Nial Fuller, of the United Kingdom.
- And with an increasing number of people at home, forex trading has catapulted by a huge 300%.
- View the development of account balance and equity curves over a specified time period in USD.
- Custom software solutions to facilitate the trading for multiple accounts and strategies.
Another problem for many clients is that ATC charges commission on all trades you complete. It also means that standard lots have a higher fee price than mini lots. On the other hand, opening an account with ATC is very easy and quick, and it does not require additional fees. Making minimum deposits and withdrawals at the account of LimeFX is somewhat inconvenient, especially for withdrawing funds while day trading. The platform accepts deposits only through bank transfers while funds protection is delivered duly. The platform of LimeFX operates in association with National Westminster Bank for the safe custody of the trader’s money that also includes minimum deposit fees and withdrawal fees.
Very tight spreads on major pairs
In 2019, LimeFX reported a massive decline in its revenue, stating no particular reason behind the poor performance. The online broker could improve its educational section and offer a wider range of instruments to compete with other leading brokers, like LimeFX. In this review, we will go through exactly how LimeFX can help give you a head start in the forex market. We will highlight what we like, and where we think the broker could improve. We’ll then complete the review by delving a little further into how COVID-19 is influencing the forex market. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.
The money deposit/ transfer/ withdrawal always works very smoothly. I can trade all forex pairs, the spread is great and the response time is very satisfactory. Deposits and withdrawals work smoothly and the registration/verification is totally easy. When withdrawing from LimeFX, you won’t incur any charge.
These authorities protect consumers and maintain a regulated and neutral trading environment on the trading platform. Making a deposit in the account of LimeFX is easy and hassle-free. One initiates the process of depositing more money in the account right from the beginning by entering the amount in the application form. While demo trading does not require the professional trader to deposit funds, live trading does. It is necessary to deposit funds in the account to activate the user-friendly interface of the platform.
- You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.
- All accounts have a minimum balance requirement of $2,000 for global clients, but European and UK clients will need to deposit a minimum of £/$/€5,000.
- Overall, the customer support team is responsive and resolves issues quickly.
The broker platform is accessible to most countries across the world and you may freely select the country of your residence without worrying about geo-blocking restrictions. Select your choice of Account Registration between Individual Account and Corporate Account. Visit the official website of LimeFX to access the registration form and open an account. Click on the “Open An Account” button and then apply for your membership with the firm by entering your account credentials into the registration form. Select the Country of Residence, Account Registration, Currency of deposit, and Platform in the respective drop-down lists provided in the application form.
Products
Its client funds are held in separate accounts and spreads are classed as competitive. Awesome and very insightful updates👍👏🏻✌ Well i will also say this here… During my first month I was able to achieve a total of 6.7BTC having traded with my initial 1.1BTC https://limefx.club/ with Luis signals which you would agree is a very good profit. So i would advise everyone seeking to grow a strong portfolio to make use of such a profitable signals, Luis can be reach via Telegram @LuisT62 for inquiries into profitable trading systems.
The more a client trades with our firm, the more revenue we generate. Therefore, it would be in our best interest for our clients to be successful and continue trading with our firm. A complete waste of time setting an account up with them, I was trading 2,000,000 USD in volume every week with them, I can’t imagine how their treat normal retail traders.
- What makes online trading and LimeFX platform trustworthy is the reputation of the brokers.
- Below is a list of the most common review questions that traders ask about this online forex broker.
- View the amount of trades that closed with a win, lose or break-even amount for a specific period.
- To withdraw money via Skrill, the mirror trader has to pay a total deposit fee of 1.0% of the amount to be withdrawn.
If you seek to conduct online trade and LimeFX in a wider range of financial instruments, then read the LimeFX review and sign up with the platform today. The broker designed mobile app is known for its intuitive interface and intuitive LimeFX performance through different account types. The users may log into the platform through the app and make transactions for stp execution of deals in the markets smoothly.
One need not pay any fee for withdrawal via credit and debit cards. The company processes withdrawals within a couple of business days after closing the trading process. However, it seems from the LimeFX review that the broker platform only accepts bank transfer for transactions in recent times. With the initial deposit of $5,000, the LimeFX is one of the Forex brokers with highest initial deposit. However, although this can be a significant disadvantage, it also means that they bring some guarantee for their customers.
See how LimeFX compares to the leading forex brokers by reading one of the reviews below. However, an international withdrawal fee is charged with €30, $40, or £25 depending on the currency your account is based in. With LimeFX, you will have access to just about 50 trading products, which is small when compared with some other leading online brokers out there. Funding options are also far and few between, lacking popular services including PayPal and Neteller.
ECN+Agency Model
Access to live streaming data and charts from the demo and live trading environment on the MetaTrader 4 software. Follow the latest on currency pairs, metals, and keep up to date with the latest trends, technical analysis and commentaries. Trading with LimeFX will involve fees from $0.60 USD, spreads from 0.4 pips, and commission-free trading depending on the account traders select. LimeFX allows traders to access from the major to the exotic currency pairs. LimeFX also does not offer a welcome bonus or deposit bonus or the advantage of a no-deposit bonus when traders register a real account for the first time. Below is a list of the most common review questions that traders ask about this online forex broker.
Intuitive interface with live quotes, analysis and order management tools. It also gives access to the MetaTrader market where you can buy indicators, signals, and other apps to enhance your experience. MT4 has many indicators, reporting tools and signal services built into it, the platform also offers its users hedging, scalping and STP. You can begin trading in CFD, Crude Oil CFDs, silver and gold, commodities, other exotic metals and forex pairs, including major forex pairs like EUR/GBP, EUR/JPY, EUR/USD, and GBP/USD.
So getting a review of ATC is meaningless because you are actually trading with a different broker and you might as well get a review from the real broker depositing your money in, NOT ATC. LimeFX offers 38 currency pairs, 11 CFD instruments, and 5 Cyrptos for your personal LimeFX and trading options. According to the review LimeFX, the platform also needs to add more LimeFX products like cryptocurrencies, stocks, bonds, and commodities to the portfolio for the trade interests of the users. Overall, the regulated platform of LimeFX is ideal to start real trading today. One may visit the Help Center to secure assistance with general issues. For personalized customer service, it is better to seek assistance over the phone, email, and live chat.
Access to the world’s financial markets from one trading account.
I don’t know if I’m allowed to share the links on here but you can contact them if you are finding it very difficult to withdraw your funds at, Scamrecoverysite at fastservice dot com All thanks to them. Our offerings eliminates conflict of interest to our clients and provides for a neutral trading environment. Integrate Expert Advisor strategies to the MetaTrader 4 software for auto placement of orders. The software provides the ability to import EA signals for executing orders through the MetaTrader 4 software allowing clients for hands-free trading.
Adding and withdrawing money takes at least 1 day, typically 2. I’m now exploring the option to move my IRA accounts to them, which is a great option for those living in the US. I have an account at LimeFX since about 1 year ago, and recently crossed the 2,000 trades mark. I get slippage both ways, and limefx scammers fills are better than my MB Trading account, which I prefer when I want to trade microlots, like when testing out new EAs. They already have a case against them with the NFA when they were profiting from trades against their clients…. For international wires, a fee of £25.00, $30,00, or €40,00 is charged.
