Below is an in-depth review of LimeFX to help you make an informed decision before opening your account or trading on their platform. LimeFX is founded in Russia in 1997 and today has globally located offices in Cyprus, Russia, and Belarus. As such, the company expanded rapidly after its founding, and through its global operations, the broker serves clients in more than 110 countries.
This platform comes with the best services for experienced traders as well as beginners. Lucrative spreads and low fees are also quite attractive for traders. Investors and pro traders will find LimeFX ideal for their trading styles.
Take note that for CFD instruments, the rollover will be triple when rolling over a position from Friday to Monday. LimeFX maintains a general minimum deposit requirement of 10 EUR if you choose to fund your account with a credit card or your Skrill e-wallet. The cost of trading is the overall expense that a forex trader incurs in order to run their trading business. As such, these awards are an indication of the broker’s overall level of performance, features and platforms at which they excel, and their general standing within the industry. According to research, LimeFX is an online broker which operates as a brand under the brokerage division of Indication Investments Ltd, which is part of the Forex Club Group based in Russia.
The trading platform supports over 50 currency pairs and 100 company stocks. With LimeFX MetaTrader 4 features, users can execute auto trading on precious metals such as gold and industrial metals such as steel and iron. LimeFX is an online trading platform operated by Indication Investments Ltd.
Minimal deposits stands on only $100 and the minimal bid can be as low as $1. We also offer our clients a variety of regulated payment services, authorized and regulated by the Financial Conduct Authority . LimeFX offers her clients with a variety of trading assets with some of the best trading conditions available in the market. To allow you capitalize on the different opportunities the trading world has to offer, including a demo account to allow you to practice. Commissions are based on the monetary amount of each trade, for example, for a trade in EUR/USD, LimeFX adds a charge of 0.011% on the dollar amount of the transaction. The EUR/USD rate makes up the lowest rate on major currency pairs, with USD/RUB, the highest at 0.41%, followed by EUR/RUB at 0.386%.
LimeFX is a top-rated CFD broker that may already be on your radar. These training programs are available in 55 different languages. Also, there is a Frequently Ask Questions Section on the website of the broker itself that you will surely find useful and helpful. In our opinion, LimeFX is one of the brokers in the trading industry that is inexpensive.
LimeFX Account Opening Process
The demo account creation process is the same as in the creation of real accounts, and the demo account feature is available on the web and also as the mobile application. But it is very easy to switch modes from a real account to a demo account and vice versa. When it comes to trading platforms, LimeFX offers several options. Beginner traders will appreciate the native web-based platform and the user-friendly LimeFX app. Experienced traders, on the other hand, who prefer using advanced technical indicators and robo-advisory features will feel more comfortable using either MetaTrader 4 or MetaTrader 5. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.
LimeFX provides one universal live trading account and a Professional account. The company also provides a free demo account that allows new clients to become better acquainted with its features before signing up for a live account. Retail currency traders use these brokers to gain access to the 24-hour trading platform currency market for purposes of speculation. Forex broker services are also provided for institutional clients by larger firms such as investment banks. It charges a commission on trades, which is higher than the industry average. The broker charged a 0.3% margin adjustment fee on all instruments.
Is LimeFX A Good Broker?
WikiFX only provides the legal URL of the platform published by the regulatory website. Two months ago on Oct 17, I placed a withdrawal request which was rejected one, two, a number of times. Each time they requested a different document, supposedly for AML verification. I’ve also posted this review on the fxclub.com page as this is the same company.
Learn the basics of trading in this 3-hour trading course developed by our award-winning investment academy. Indication Investments Ltd is deemed authorised and regulated by the Financial Conduct Authority. The nature and extent of consumer protections may differ from those for firms based in the UK.
- Indication Investments Ltd is deemed authorised and regulated by the Financial Conduct Authority.
- It is also a great platform for beginners as it offers a comprehensive knowledge base and plenty of educational material.
- You can trade CFD derivatives via the LimeFX web and mobile trading platforms, or you can use the MetaTrader 4 and MetaTrader 5 platforms.
- This means that if the spread is 0.5% you will need to make a minimum of 0.5% in profits to break even.
One more good thing about being regulated by a European regulator is that there is a deposit guarantee of up to € 20,000. In addition, the platform of this broker is secure and is encrypted, so you do not need to worry about the security of your information shared with this company. With its own trading platform and business model, LimeFX has a large regular customer base. It has won more than 30 international awards since it started its operations. The CEO of this company is German and his name is Michael Geiger.
According to LimeFX broker erfahrungen, the broker is suitable for both private investors and professional traders. LimeFX is regarded as one of the most trustworthy online brokers. The LimeFX brokers’ mobile app and web platform both come with charting features and in-depth technical analysis services for all markets.
LimeFX Deposits & Withdrawals
Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. LimeFX also clearly state on their platform that Your capital is at risk. Traders may open a demo account directly from the MT4/MT5 trading platforms, and I did not find a time limit or other restrictions.
The LimeFX platform runs well and works seamlessly in any online browser, with a user-friendly interface. LimeFX is protected by end-to-end multi-layered SSL encryption. The funds of its traders are stored separately and protected under Exchange Commission CySec regulations. The platform safely covers the deposits worth €20,000 of LimeFX users under the ICF.
However, the commission structure could be better on trading assets such as metals and indices. Based on reliable LimeFX reviews, the following information evaluates the details about various services offered by the platform. From different account types to a wide range of trading app features, this review unlocks how LimeFX caters to its retail clients. Before trading with LimeFX, retail investors should explore this review and try practicing with the demo account. This LimeFX review also lists all the bonus offerings available on the platform, including details on minimum deposit amounts, minimum trading limits, and commissions.
After your initial deposit, you will be required to upload documents for verification purposes such as proof of identity and residence. Newly registered accounts usually take 3 business days to process. When you click on the trading education page you currency exchange can learn the basics of online investing with a 3-hour trading course created by the award-winning investment academy at LimeFX. When you open a LimeFX account and deposit a minimum of €100 you could receive a welcome bonus of up to $10,000.
Below we give an overview on the account types that LimeFX offer. Whatever you are looking to trade the varying LimeFX account types will be able to provide you with what you need. A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank.
What Can I Trade
This means that you can buy Dogecoin (DOGE/USD) and other digital assets with 0% commission. LimeFX offers users the ability to access mobile trading on the go via the LimeFX mobile app and the MetaTrader 4 and MetaTrader 5 mobile apps for Android and iOS systems. The app download links can be found in the Google PlayStore or Apple AppStore respectively.
Since it began operations over 23 years ago, it has received more than 30 international awards. To trade on LimeFX, a user needs to open a trading account, get it verified, deposit funds, and use the MT4 and MT5 platforms for placing trades. In this process, the trader can select the instrument and place the amount easily. Another limefx scammers innovative feature of this LimeFX mobile app is its ability to switch between a demo account and a real account. This way, executing simulated trades in real-world markets is very easy with on-the-go trading by the LimeFX mobile app. The app is regularly upgraded with security features and new user experience functions.
Downloading the LimeFX app can be done on both Apple iOS and Android devices via the App Store and Google Play Store and only takes a few seconds to install. You’ll be able to browse through all the supported stock CFDs based on their relevant categories ranging from technologies and energy to consumer services and finance. Alternatively, you could also search for your preferred financial instruments using the convenient search bar at the top of the LimeFX app. 3.Our mobile trading app allows you access to + 250 CFD instruments to buy, sell and trade CFD’s on Forex, Stocks, Shares, Indices and more.
Scan markets for trading opportunities while viewing all symbols and time intervals from a single graph. Gone are the days of launching a lot of graphs on which you can’t remember which currency you’re taking a look at. Autochartist offers a simple user interface that can be customized to suite how you like to trade. Understand that the MetaTrader 4 trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting.