You will also find this model has the advantage of no requests and very few rejections since market rather than instant execution is being used. Founded in 2011, LimeFx holds a regulatory license in Europe via its Cyprus-based entity – LimeFx Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC). In South Africa, LimeFx provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA). LimeFxFX does not charge any fees when live trading accounts go dormant.
Non-Trading Fees
It functions as an optimal platform for inexperienced and seasoned traders seeking to refine their abilities and approaches before engaging in live trading. Utilizing the LimeFx Demo Account is crucial, regardless of your level of experience in trading or desire to improve your strategies. Another noteworthy feature of LimeFx is its extensive instructional resources. To deposit and have the opportunity of funding prospects, LimeFx clients can deposit options through multiple payment methods such as Bitcoin, Credit Card, Skrill Neteller, bank transfer, and Wire transfers. LimeFx has over 50 different options for payment methods, the availability of which may also depend on your country of residence. When it comes to local bank account options transfer payment methods, the deposit clearing may take 1-3 working days.
Assets & Leverage
This incentive can considerably enhance traders’ trading capital, allowing them to create larger positions or trade more freely. Moreover, the service complies with international security practices like AML and KYC thus preventing any possible malfunctions with traders accounts and ensuring their safety. You can put your investment objectives to work with the LimeFx mobile trading app by viewing the Master Rating to decide whom to invest with.
LimeFxFX MT5 Pro Account
Your bank may also charge you a commission or fee on wire transfers, though there is no fee directly from the broker. You can look forward to trading with the MT5 trading platform on this account where the spreads start at great value from 0.2 pips. In this limefx scam, you will find everything you need to know on the key areas of the broker like spreads, account types, and security.
The choice of these accounts will determine the platform that you trade on and the fees that are applied. Having said that though, LimeFxFX does offer their traders negative balance protection. This will help ease the fear of traders as it means that they will never lose more than they have deposited into their accounts.
Payment methods refers to the various mediums by which users can credit and withdraw from their accounts. LimeFxFx offers its users different payment methods to be used either for deposits or withdrawals. This broker charges no fees on currency conversion during deposits and withdrawals. However, with deposits in currencies other than the USD, the payment provider on conversion of the funds to dollars using their internal exchange rate may charge additional fees. LimeFxTrader offers a selection of 80 trading instruments, including currencies, metals, energies, indices, and cryptocurrencies.
Today, the firm serves customers across 100 countries, and has opened up around 300,000 accounts with an impressive daily volume of $4bn. LimeFxFX has its customers in over 100 different countries and is primarily registered in Saint Vincent and the Grenadines, an island in the Caribbean. Normally, we would be apprehensive about companies situated in a tax haven; however, it seems that LimeFxFX regulation is also carried out by the FCA.
Dear Roland B.,Thank you for your feedback and for sharing your experience with our LimeFx Trading platform. We appreciate your understanding regarding the withdrawal process and the importance of security measures. https://limefx.biz/ Rest assured, we prioritize the security of our clients’ funds while ensuring efficient service. Your satisfaction is important to us, and we’ll continue working to provide the best user experience possible.
To open a trading account with LimeFxFX, individuals can sign up on the LimeFxFX website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts. LimeFxFX cTrader is a versatile trading platform supporting Forex and CFD brokerages.
- For example, the winner of the Champion demo contest will win $1,000 which will be credited to your account.
- For those reasons, our team here at Investingoal is happy to recommend LimeFxFX as a top choice for scalping.
- The firm’s accounts are Shariah-compliant and no interest will be charged on overnight positions.
- It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.
Here you can learn the ropes, ideal for a beginner, with no obligation to enter live trading. When it comes to trading platforms LimeFxFX provides the top MT4 and MT5 trading platforms. The broker provides you with a good range of educational materials including video tutorials, trading guides, FAQs and a glossary. Subjects covered include the very basic lessons such as an introduction to trading and how to place a trade to the more advanced technical and fundamental analysis.
An important benefit is the bilingual service, which guarantees that traders worldwide—including South Africa—get help in their language. The method is simple, with rebates credited to the trader’s account every week. Furthermore, South African traders can withdraw these funds whenever they want, based on their available balance. Furthermore, users earn reward points equal to 1% of their rebates. This multi-tiered approach to compensation ensures that traders maximize their earnings while actively participating in the market. No, while customer support is generally helpful, some users have expressed a desire for more in-depth technical assistance.
In terms of deposits on the fiat side, traders can pay in either USD or EUR. Traders looking to deposit into a USD account in EUR will get the closest market rate possible on this pair. First off, LimeFxFX offers an ECN account for as low as a $5 initial deposit, making it one of the very few brokers to offer this. This low initial deposit of $5 will qualify you for either the MT4 Micro account or the cTrader ECN account.
Be careful about weekly rollovers, as the broker charges a fee for trades that are carried over the weekend. We really appreciate you taking the time to leave us feedback, and we’re thrilled that you find our platform useful. We are delighted to have met your expectations because your satisfaction is our first priority. Every client at LimeFx receives the best possible service, and hearing that we’ve been successful in this endeavour always makes us very happy.
