Commissions are the charges imposed by an LimeFX broker on a trader for making trades on the trader’s behalf. The level of commissions will vary between different brokers and depends on the asset being traded and the type of service offered by the broker. This account offers market execution at some of the best execution speeds when compared to the other three accounts. There are also floating spreads which start from 0.1 pips along with commission fees charged at $ 8 per lot. New traders have an in-depth trading school, broken down into four sections, consisting of 59 quality lessons.
Nevertheless, it is not highly recommended for trading with big money as the company is registered in an offshore jurisdiction. LimeFX also tends to fly under the radar as the broker rarely generates buzz in the brokerage industry. From our observations, LimeFX offers a good service allowing clients to trade commission-free or commission-based across Forex, Indices, Commodities and Shares. Clients can trade from the broker’s proprietary trading platform for Windows, Mac and Web as well as the globally popular MetaTrader 4 platform. Forex 4 You is an established broker with a wide range of instruments available. This user-friendly broker offers multiple accounts, each tailored to different types of traders.
I am quite satisfied when my account is profitable and easy to withdraw. Withdrawals and deposits are very simple and you can use the various compatible fund transfer channels that have been approved. These channels are like credit cards, wire transfer, electronic transfer, and e-wallet channels. The transactions are quick and the maximum it takes is for bank transfers which can take up to three days. LimeFX has invested in the best platforms ever that come with perks such as fast execution speeds, user-friendly interface and easy accessibility to its many clients.
This trading platform has exclusive and award-winning technology and can be accessed on the web by most internet browsers. A platform can be a multi-asset one, which means that it allows clients to not only trade forex but also other asset classes like CFDs on stocks, stock indices, precious metals, and cryptocurrencies. Such a bonus is but a way to compensate traders for choosing a certain broke, since once the account is opened, the trader will have the same expenses as any other. The facility that enables a trader to get a much larger exposure to the market than the amount he or she deposited to open a trade, is called leverage. Such leveraged products magnify a trader’s potential profit – but of course, also increase the potential loss. LimeFX does not require any minimum deposit to be made when opening any of the available accounts.
LimeFX
The forex trading software provided by a broker company to its clients is called the platform and is used to carry out their trades. LimeFX offers a selection of popular payment methods such as Debit/Credit card, and e-Wallets such as Neteller, Skrill and Webmoney. The popular MT4 forex trading software is available from LimeFX. See our MT4 broker comparison for a list of the best MT4 brokers. LimeFX also offers their LimeFX platform, which is unique to them. Traders can trade on their preferred device thanks to a combination of downloadable programs for Mac and Windows.
- Your funds are at risk of getting trapped with this broker, poor support too.
- Take a look at what you can find on their website, examine what kind of information they have, and check out whether they’re registered.
- Forex traders often use leverage to profit from relatively small price changes in currency pairs.
- The story of LimeFX (E-Global Trade & Finance Group, Inc) brand begins in the year 2007, back when majority of Forex Brokers were based in Europe with UK having the most dominant amount of brokers.
- With the exception of bank wire transfers (1 – 3 working days), all payments are instant.
We do not provide LimeFX advice and the bonuses or promotions offered by brokers are listed for comparative purposes only. Please read our Terms and Conditions and Privacy Policy for more information, and NFA's Forex Investor Alert. Hedging with forex is a strategy used to protect https://limefx.group/ one's position in a currency pair from an adverse move. It is typically a form of short-term protection when a trader is concerned about news or an event triggering volatility in currency markets. There are two related strategies when talking about hedging forex pairs in this way.
So, if you want such type of account, you can directly contact with LimeFX support. You can deposit and withdrawal your funds through Neteller, Skrill, WebMoney, Visa/Master Card & Bank Wire Transfer. Among them Neteller & Skrill doesn’t charge any fee for deposit or withdrawal. For WebMoney it need 1% + 0.8% from both ends and for Visa card 1.3% + 0.5 USD from both end. However, LimeFX doesn’t support Paypal or Bitcoin those are very popular methods now a day. First of all, the client’s fund is protected under the regulation of Financial Services Commission and segregated & separated from company’s operating fund.
LimeFX Customer Support
These accounts are offered by various online trading platforms, including stock trading platforms, foreign exchange trading venues, and commodities exchanges. Forex brokers are also known as retail forex brokers or currency trading brokers. Retail currency traders limefx review in turn use these brokers to gain access to the 24-hour currency market for speculation purposes. LimeFX deploys its proprietary trading platform, LimeFX Desktop, LimeFX WebTrader, and LimeFX Mobile, alongside the out-of-the-box MT4 trading platform.
If you are confident of your knowledge and understanding, you can open an account with LimeFX. The overall average of email support provided by LimeFX was very good. We have tested communication through LimeFX support in a variety of languages across multiple countries.
Providing services since 2007, LimeFX is mostly out of the spotlight even though their trading conditions can be regarded as one of the most flexible among other forex brokerages. Setting headquarters in the British Virgin Islands, this broker is currently limefx forex broker under the regulation of local financial regulatory called the BVI Financial Services Commission . Besides lots of currency pair, LimeFX also offers some instruments you would like to trade on, such as Forex and Gold & silver for your best choice.
LimeFX Accounts
The broker offers multilingual 24/7 customer support via Phone, E-mail, Live Chat and WebPhone. One should know that Forex trading or any other kind of trading involves high risks, and is not suitable for everyone. Before trading Forex or any other financial tool one should be aware of the risks, know exactly his LimeFX goals and limits and acquire a fine level of risk understanding and risk management. LimeFX is a Forex broker that has focused heavily on newcomers – even more than LimeFX.
Manual traders will find the LimeFX platform an attractive alternative amid its added functionality and clean user-interface. The slippage control and liquidity pool data are notable features. Automated traders will rely on the industry-leading MT4 platform. LimeFX offers a range of commission-free and commission-based account types. Cent and Classic accounts are commission-free but have larger spreads whereas Cent NDD and Pro STP are commission-based and have much smaller spreads.
What is the minimum deposit for LimeFX?
We do not recommend or advise that investors buy or sell securities or stocks. Demo accounts are also widely used by more experienced traders who want to experiment with other asset classes. For instance, a trader might be experienced in stock trading but want to start investing in futures, commodities, or currencies. LimeFX give customer support through email, telephone, live chat, submitting a ticket in the Trader Room or place a call using web-based calling apps 24/7.
- A demo account is an account offered by some trading platforms, which is funded with virtual money.
- Besides, funds are also kept in different banks simultaneously to decrease risk.
- Classic & PRO STP accounts are suitable for traders with real-life experience and confidence in their trading style, or have Expert Advisors which are ready to be deployed in the live environment.
- LimeFX offers customers the opportunity to trade and manage their account on the go with its LimeFX and MetaTrader 4 mobile trading apps.
- Trades can be made for just 2 cents, and are available in a dealing-desk or no-dealing-desk account.
As much as trading on foreign exchange markets may be potentially profitable, it can also lead to significant losses. Ensure that you have enough trading experience, knowledge and full comprehension of potential risks involved. Most derivative contracts have high leverage and low margin requirements. Hence, rapid price movements may inflict serious financial damage or even devastate your entire trading account. For serious traders who wish to trade, the Pro STP account is ideal. Spreads start from 0 pip, and there is a 10% currency commission per lot.
The Company. Security Of Funds
LimeFX is primarily an MT4 Broker and offers a variety of trading account types for every type of trader. Currently they allow traders access to over 150+ instruments, which include Forex, Commodities, Stocks, Indices, and Cryptocurrencies. What sets the company apart from a number of competitors is that LimeFX has their own Social Trading network – Share4you. As well as the LimeFX demo account, there are five other options, including one that is aimed specifically at new traders. Opening a Cent account is a great way to start trading without risking huge amounts of money, but still experiencing the real market.
For other trading platforms, the inactivity fee depends upon the type of account you've selected. The inactivity fee is subjected to many circumstances and should be disclosed clearly by the broker beforehand. In addition, the withdrawn money will be moved directly to the accounts you use to create deposits. Therefore, if you used a credit card for deposits, the withdrawn money will be sent to the cardLimeFX will ask you to offer other withdrawal methods in case your details have changed since your deposit. But, non-trading fees charged by LimeFX are comparatively lower. Consequently, you are charged more for non-trading activities in your trading accounts, like deposits and withdrawal.
Yes, LimeFX offers a good trading environment for all types of traders, from beginners to advanced. Financial risks are mitigated but maintained to ensure that the company functions in a reliable and trustworthy manner. All client funds are kept in segregated accounts and LimeFX only deals with regulated financial institutions. Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size of the position, and the leverage applied to your trading account. This account offers similar features to that of the Cent Account, except for fixed spreads which start from 2 pips and much faster execution speeds.
Moving over to trading platforms, LimeFX offers its own proprietary trading platform for both web and desktop, in addition to the well-known MetaTrader 4 . In addition, the broker is also testing the waters in the crypto world with a selection of 5 cryptocurrencies, including Bitcoin , Bitcoin Cash , Ethereum , Litecoin , Ripple . Fixed spreads can be found on the Dealing Desk (commission-free) Cent or Classic accounts. These spreads are 2 pip on EUR/USD, which is more than the average forex market spread. LimeFX offers a number of methods for deposits and withdrawals.
If you allow someone to use your money without knowing their background, don’t end up with a huge loss. PROSCONSHaving Good Regulation & Client’s Fund Safety Feature.Low variety of deposit & withdrawal method.Lower Spread. Maximum 2 pips per lot.Bonus & Promotions are good enough for a newbie. Percentage Allocation Money Management or PAMM accounts are suitable for the money makers who have their own investor list. It goes against our guidelines to offer incentives for reviews.
Traders are get to choose either a Cent, Classic, Cent NDD or Pro STP accounts for trading with instant and market execution. Accounts with Instant Execution have fixed spreads, NDD and SPT accounts have floating spreads, but what is more unusual is that LimeFX does not have minimum deposit requirements for any account type. Trading accounts can be denominated only in US dollars or Euros, there are no other options of base currency for any of the accounts. At top30forexbrokers.com, our mission is to provide traders with a thorough list of the best forex brokers to help them find the best service and trading platform. In conclusion, this is among the best forex traders that you can come across. Its credibility is supported by the many awards it has won and also the favorable LimeFX customer comments and reviews.
