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Deposits via bank transfers have a minimum of 500 units of currency ($500, £500, etc). Probably the most popular brokerage on our list, XM is one of the best Forex brokerages on the market. The international approach that the company took made it have the best customer support offering help 24/7 with a personalized approach to all of your problems or inquiries. The results speak for themselves – LimeFX currently has 300,000 registered traders around the globe, who place more than 3 million trades every month.
- However, if fee levels for forex pairs are your most important consideration, then there may be better alternatives.
- If the protected trade is closed by a stop out or manually, the coverage will stop at that point.
- Therefore, LimeFX is also regulated by the ASIC, the BVIFSC, the FSA, and the FSB, which provides further credibility to the broker’s service offerings.
- LimeFX’s currency pair selection is OK, in the same ballpark as its closest competitors.
- The somewhat sensationalist headline is based on technical analysis by AI software that is also presented among trading ideas.
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. All these aspects put together, it’s not surprising that some consider LimeFX to be one of the top retail brokers. To see more details about a specific asset, simply click on it.
Same as many other trading platforms, LimeFX will conduct an identity verification process. This consists of requesting certain documents from you to ensure you are who you say you are. It takes just $100 to open an account and LimeFX offers no volume discounts or guaranteed stop losses. They charge a $50 fee after three months of account inactivity and a $100 administration fee after one year of inactivity. As mentioned, no withdrawal or closure fees are listed in the marketing materials but the legal documents noted fees for bank transfers and credit card transactions.
Metatrader 5 Platform
In addition, we will remove all cryptocurrencies from our LimeFXAct platform. As a result of an unprecedented number of new clients, we are currently experiencing a high volume of calls, chats and email requests. Therefore, our reply time during this period is greater than expected. All information on 55brokers.com is only published for general information purposes. We do not present any LimeFX advice or guarantees for the accuracy and reliability of the information.
- However, you can also access the MetaTrader 4 or MetaTrader 5 trading platforms for algorithmic trading, customised indicators and more charting capabilities such as viewing multiple charts at once.
- Additionally, the «Forex Calculator» link informs the trader about the potential profits, losses and costs to trading, like overnight interest calculations.
- LimeFX supports MetaTrader 4 and MetaTrader 5, both of which are third-party platforms.
- To keep the website running, we make money through affiliate commissions and paid advertising, at no additional cost to you.
- There are other trading platforms offered my LimeFX for traders.
Where trader can choose from over 40 currency pairs and any comination for CALL and PUT options from the single account. When the market goes down, your trade is protected and LimeFX safe from any market fluctuations during that specific period. Simply put, the amount will be reimbursed by LimeFX if the user’s accounts lose money at the end of the protected period directly to the trader’s account with LimeFX.
More and more companies are beginning to offer crypto trading, eager to get started with the asset class. One such platform is LimeFX, a user-friendly Forex broker that also offers cryptocurrency trading. The broker aims to offer the best service for both beginners and also professional traders that are looking for a wide range of trading instruments. LimeFX offers traders a familiarity with MT4/MT5, is a leader in algorithmic trading, and is equipped with an integrated copy trading platform. It also deploys its proprietary WebTrader and mobile app LimeFXGO, where it embeds services provided by Trading Central, additionally available as an MT4/MT5 tradind platforms. A demo account is available but restricted to 21 days, which is a little on the short side.
If you are a very active trader who can make a deposit of more than €10,000, then this is an account for you. VIP users get great discounts for high-volume and high-frequency forex trading, which can make up for LimeFX’s average prices. There is a plentitude limefx broker reviews of different account types available on LimeFX but they all have similarities. All accounts have fixed spreads, as well as mini or micro lots trading capabilities. LimeFX Go mobile platform and MetaTrader 4 are available with all account types.
The LimeFXr is designed to provide a customized and graphically advanced interface for LimeFX clients that do not wish to trade on the MT4 platform. All platforms are connected to excellent high-speed trading servers that are connected to a global server pool for matching orders through LimeFX’s proprietary automated dealing desk protocols. You should consider whether you can afford to take the high risk of losing your money. I like that LimeFX invested in a proprietary social trading platform, Ava Social.
Non-trading fees
LimeFX is considered safe, regulated by tier-1 financial regulators. LimeFX is a reliable trading platform to buy and sell CFDs and Forex products. It includes a news feed, an economic calendar, an idea hub, and many other resources. These are embedded into the broker’s limefx courses scam platforms – Webtrader, MetaTrader, and AvaOptions. The cost of trading using this broker is lower than what traders would pay with other platforms such as Plus 500 or XM. LimeFX Trading fees and spreads are competitive and in line with the industry average.
They serve more than 200,000 active customers and execute 2 million monthly trade orders. In order to allow us to keep developing Myfxbook, please whitelist the site in your ad blocker settings. Only brokers with the same calculation method of swap are presented in the chart on the right.
They can also access technical analysis indicators and educational trading tools. Trading Central comes fully integrated into this trading platforms, which can be used for instant pattern recognition and technical insights. Most traders can benefit from a wide variety of trading platform options that LimeFX offers several ways to trade. LimeFX has third-party platforms like MT4, MT5, and their own LimeFXGO and Webtrader as well. LimeFX has so many good and user friendly tools compared to other brokers. Trade expiration dates can be set from overnight to one year on business days, at any strike price.
- Yes LimeFX EU Ltd is regulated by the Central Bank of Ireland.
- LimeFX is a secure forex broker that has a track record of providing premium user-oriented platforms, customer services, forex brokers, and trading forex, CFD.
- Opening an account was fast and simple as everything is done digitally.
- The minimum deposit required to open an account with LimeFX is $100 for debit or credit card deposits.
LimeFX offers customers copy and social trading with AvaSocial, ZuluTrade, DupliTrade, and MQL5 Signal service. LimeFX offers negative balance protection and AvaProtect, which allows the client to take out insurance on a trade, but is not regulated by FCA. Auto-trading services.Zulu-Trader, DupliTrade and AvaSocial allow you to follow signals, view other traders strategies, and automatically copy them. A wide range of t op-traded cryptocurrencies can be bought and sold on the MetaTrader 4 platform offered by LimeFX. CFDs.Contract For Difference, or CFD, allows trading in an underlying index, share or commodity contract without having to own it. LimeFX allows trading in CFDs linked to commodities, indices, ETFs, stocks, bonds, Bitcoin and Ethereum.
LimeFX Trading Platform Overview
The location of a broker will dictate the level of regulatory oversight and protections offered to investors. Due to regulatory changes from tier 1 regulators such as the FCA, CySEC and ASIC, many brokers have moved offshore so it’s worthwhile doing your due diligence. When trading forex and CFDs, it is crucial to know a broker’s strengths and weaknesses. That is why FX Empire developed its proprietary rating system. We put the knowledge and expertise of our reviewers to work to bring you the most suitable brokers. A total of 200 variables have been analyzed to help you choose your broker wisely.
The available assets present a balanced mix, offering clients in-depth cross-asset diversification from a commission-free pricing environment. Also, it provides an automated trading platform and conducts several free webinars for traders of all levels. There are other trading platforms offered my LimeFX for traders.
LimeFX’s proprietary WebTrader trading platform includes a well-designed, snappy interface. In addition, Trading Central’s trading tools are immediately incorporated into the site. Although warnings are exclusive to the mobile version, AvaProtect is available on both devices. The LimeFXGo app provides a robust default set of syncing watchlists as well as a volatility protection tool known as AvaProtect. AvaProtect enables a trader to lessen the risk on an open position by partially hedging it with a forex option for an additional fee. The product range is limited to forex, CFDs and cryptos, and there is a high fee charged for inactivity.
Account types
For example, the minimum deposit for a USD account is $100, regardless of the funding method . LimeFX withdrawals take one to two business days, which is comparable to the majority of forex brokers. The withdrawal period can also vary based on the withdrawal method used. The mobile experience given by LimeFX’s proprietary apps will satisfy the majority of traders . However, they are not quite as complicated as the mobile apps offered by industry leaders.
LimeFX is a trusted global brand best known for it’s extension selection of trading platform for forex and CFD traders. Deposits at LimeFX can be made through wire transfers, credit cards, debit cards. Withdrawals are processed immediately if the user submits a withdrawal form with any LimeFX withdrawal option & there are no LimeFX withdrawal fees, but it might take a few days for processing. LimeFX is one of the most regulated online brokers that offer CFDs . They offer a variety of assets and account types to meet all the needs of their clients.
The CFD, Spread Betting and Professional Account are commission-free with just spreads and swaps payable on a trade. The Islamic account is also commission-free with just spreads payable and no overnight fees. In order to achieve your trading goals, you need to choose the right account. We evaluate each broker’s account types, how easy it is to open an account with them, and the steps involved, so you can decide if it is worth your time to open an account. You may discover that there are hidden fees, or that withdrawal times are longer than you anticipated.
Deposits and Withdrawals
LimeFX as a regulated broker complies to slightly different trading conditions or regulatory obligations according to the set of rules established by the particular authority. This means that European traders or those clients that are registered with LimeFX European entity will fall under ESMA regulation that recently https://limefx.group/ limited Leverage. Not all brokers offer options trading, but LimeFX does allow you to trade on Forex options. This requires a special account and you’ll need to use LimeFX’s options trading platform. Investing in or trading financial instruments, commodities, or other assets carries a high degree of risk.