Other features include MT4 and MT5 trading platforms and commission-free spreads from 0.8 pips. Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). https://limefx.vip/ The retail part of the Forex market is all about making profit. Explore all the features of your trading platform and learn how the Forex market works before depositing any real funds. In ZAR this is ≈ R480 if you are using bank transfer to add funds to your account.
Trading Fees
LimeFx can be summarised as a trustworthy broker that provides Contracts for Difference (CFDs) and low spreads on 300 trading instruments.Clients can initiate a withdrawal by logging into their trading accounts and clicking on the withdrawal option, visible on the homepage.If this doesn’t concern you and you assume swaps costs will be unfavourable, then this account will encourage you to trade mid-term and long-term.The table below lists the protections and benefits by entity, regulator, and region.
The currency market is the largest investment market in the world. It is where national currencies, such as the US dollar (USD) or the Japanese yen (JPY), are exchanged. Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Read our full explanation and accounting of our research and testing process to learn more about how we test. Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers.
Deposit Methods And Fees
With a fine landing page, users are allowed to edit profiles, manage account settings and process withdrawals. When questioned further, the same customer support person couldn’t verify if we could deposit via a credit card and advised us that we could probably use cryptocurrency to deposit. If you’re a more advanced trader, and you want more sophisticated tools, you may consider Pepperstone, Vantage, or IC Markets with a broader range of platforms. The MT4 platform has ultra-intuitive charting options and all the most common technical indicators. It’s very simple to enter buy and sell orders, as well as set stop-losses, you can even use Expert Advisors (EAs) for automated trading.
LimeFxFx Customer Support
The availability of these payment methods may also depend on your country of residence. We offer convenient portfolio management, transparent trading conditions, helpful educational materials, and easy-to-use service where nothing distracts you from making a profit. Every year we improve our conditions to make your trading journey easier. Download our app and keep track of your orders whether you're in the office, on vacation, or at home. It should be made clear that you can only withdraw funds to method that was the source of your deposit. For example, if you made deposit using bank transfer to LimeFx, then you cannot withdraw to your Skrill wallet.
Trustpilot Users’ Review About LimeFxFx
You are offered Mobile trading by LimeFx through MT4, and MT5 Mobile trading apps for iOS and Android. There are no commissions charged by LimeFx, and there is zero Swap (you don’t pay it nor do you get paid any positive swap). You only pay the variable spreads on every instrument LimeFx has on their trading platforms. You can open an LimeFx Micro Account with a minimum deposit of $25.
Review Sections
By sharing a referral link the trader will receive a commission per volume traded by their friends. However, it is advisable to check with your payment provider, as they may impose their transaction fees. LimeFx offers a swap-free Islamic account that adheres to the principles of Sharia law. Robust charting is provided by TradingView, featuring 11 time frames, 11 chart types, and over 100 technical indicators. Various drawing tools, from trend lines to Fibonacci retracements, are also available.
To read the fine print, traders can find the Customer Agreement in the footer of the website. The About Us page does a good job of sharing the company’s mission and history through a series of milestones over the years. For example, LimeFx limefx official site clients in the European Union benefit from the oversight of the Cyprus Securities and Exchange Commission (CySEC). CySEC requires that clients have negative balance protection, which means they cannot lose more than their deposit.
This app allows users to enjoy a smooth trading experience and keep track of executed orders from anywhere. The MT5 account, also called innovative account, is an account type for clients with trading expertise. Its trading instruments are inclusive of forex, commodities, indices, cryptocurrencies and stocks. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. Advanced traders will appreciate the narrow spreads, zero commissions, and accessibility for all trading strategies. It includes Scalping, Hedging, and Automated Trading strategies.
All traders must go through a period of trial and error to become pros. We aim to make that period more accessible for you with our free Forex trading lessons. LimeFx is an up-and-coming broker that has been in operation for nearly 10 years. Its growth has enabled LimeFx to continue to expand its products and services. Adding additional regulatory licenses in Tier-1 jurisdictions would be a step toward winning more client trust. LimeFx also provides financial services through its intermediary, Orinoco Capital (based in South Africa).
If you are not of Islamic faith, having no swaps can work for or even against you. Remember that swaps can either be a source of income or an expense, depending on how markets open. Profiting off swaps is a legit trading strategy but this won’t be possible with LimeFxFX. If this doesn’t concern you and you assume swaps costs will be unfavourable, then this account will encourage you to trade mid-term and long-term. If you are of the Islamic faith meaning you comply with Sharia law then this account is one of the best options on the market.
One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. The trading of financial instruments involves a high level of risk which may not be suitable for all traders. This level of risk may result in the loss of amounts that exceed the initial deposit. LimeFx is transparent about its fee structure, and there are no hidden fees.
However, for live account types, clients must complete the KYC process before initiating positions or withdrawals. Below is the step-by-step guideline of registering with the broker via desktop. Established in 2011 and located in London, LimeFxFx is a forex broker that renders its services to users worldwide. This review will focus on its regulations, trading instruments, deposit & withdrawal methods, online trading fees, spreads, leverage and how to open an account. It will also explore the investment safety measures provided by the broker. The broker only offers a spread-only account with spreads from 0.6 pips, if you are hoping for RAW spreads then you will need to look at other brokers.
Majors are the best Forex pairs for novices, especially EURUSD, GBPUSD, and USDJPY. If your equity level falls below 15% of the required margin, some or all of your current positions will be forcibly closed to prevent further losses—that is called a Stop Out. We will send you a notification known as a margin call when your equity level falls down to 25% of the overall margin. It will give you time to make an additional deposit or close some orders manually.
LimeFx also made a significant step forward since my last review by adding 150 CFDs on shares from 16 global stock exchanges. LimeFx excels in research, offering regularly updated commentary written by in-house analysts and trading ideas. In addition, clients can utilize research from third-party provider AutoChartist. I rate LimeFx as better than the industry average in this category. Over a week-long testing period, I probed customer support with dozens of inquiries, ranging from available tools to fees and questions relating to the security of client accounts.
Regarding education, there are platform tutorial videos and a basic forex trading course, which would probably be okay for absolute newbie traders. When determining if we could add funds to our account via a simple bank transfer, the customer support person in the live chat couldn’t verify that a bank transfer was an option. Apart from that, LimeFxFX offers you the ability to deposit and withdraw using e-wallet services such as Neteller and Skrill.
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