Overall, tighter spreads and cheaper commissions are offered at other brokers, such as XM. We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of how we review LimeFX’s product offering.
LimeFX’s market analysis materials are in-depth, comprehensive, and frequently updated. LimeFX’s educational materials are average compared to other similar brokers. LimeFX does not charge fees for deposits, and as a bonus, it covers deposit fees imposed by the provider. Overall, the account opening process at LimeFX is similar to other international brokers.
When placing your money with a broker, you need to make sure your broker is secure and can endure through good and bad times. Our strong capital position, conservative balance sheet and automated risk controls are designed to protect IBKR and our clients from large trading losses. The non-EU entity, however, has been known to offer generous $100 welcome no deposit bonuses and dream draw contests. The non-EU entity accepts traders from a range of countries, including Iran, Myanmar, Nigeria, Indonesia, Thailand, Malaysia, Vietnam, the Philippines, Uganda, Ghana and Kenya. Available in 22 languages, the MT4 and MT5 mobile apps are suitable for iOS and Android (APK) smartphone and tablet users.
LimeFX offers a limited number of financial instruments compared to other large international market makers. The LimeFX VPS service has dedicated 24/5 customer support teams that can help new users get set up and install EAs and indicators directly to the virtual machines. VPS services have the advantage of never suffering connectivity issues and have extremely low latency due to their proximity to major international exchanges. LimeFX offers an automatic withdrawal feature that enables traders to withdraw funds up to 100 USD per day within 24 hours, which is available on Skrill, Perfect Money, and Neteller.
LimeFX provides up-to-date reviews and forecasts for all market instruments. Its fundamental analysis consists of daily news on significant limefx review political and economic events that impact the world markets. In-house analysts and traders produce all forex fundamental analytical reports.
Fund Your Account
Basing on the respective goals, the company is the first launching the cent accounts, with a minimum deposit of $1. Keep in mind that LimeFX applies a different cost structure to its other account types. And the ECN account, which is aimed at professional and institutional users, charges a commission of $5 per round trip per lot. There are no deposit fees and no withdrawal fees and no inactivity fee. Traders can choose between the Classic or ECN account at LimeFX Europe. The main difference between the two accounts is that tighter spreads come with the ECN option, plus scalping capabilities and access to the social trading platform.
The MT4 and MT5 platforms also use Secure Sockets Layer encryption protocols and extended layers of security if required. LimeFX Europe Limited is also a member of the Investor Compensation Fund, which protects client funds up to 20,000 EUR. The MT4 platform is the go-to choice for many individuals, whether they are new to trading or seasoned professionals. The smart interface is packed with custom tools to boost advanced trading techniques, including over 50 built-in indicators and graphical objects. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. Like other brokers, LimeFX requires customers to submit their KYC (Know Your Customer) documentation in order to open an account.
Alternatively, please contact IB Customer Service to receive a copy of the ODD. Before trading, clients must read the relevant risk disclosure statements on our Warnings and Disclosures page. Trading on margin is only for experienced investors with high risk tolerance.
Featured Brokers
LimeFX also provides its clients with a free high-quality analysis prepared by an independent Company, Claws&Horns. LimeFX offers a discounted VPS (Virtual Private Server) service on the MT4 and MT5 platforms. VPS hosting allows traders to run automated algorithmic strategies, including expert advisors 24 hours a day 7 days a week on a virtual machine. LimeFX does not charge any fees for deposits but charges fees on some withdrawal methods.
- LimeFX‘s mobile trading platforms are average compared to other similar brokers.
- Over the past twelve months, it made the most notable expansion in cryptocurrencies, where it offers 53 assets, including crypto-to-crypto crosses.
- There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.
LimeFX Europe is a reputable forex broker with a good selection of MetaTrader platforms and mobile apps. Clients benefit from advanced analysis, copytrade features and straightforward fees. Here we’ll review LimeFX Europe’s 2023 trading services in detail, including regulation, minimum deposits, account types, and spreads. LimeFX
is a large and established online trading brokerage who serves the
international markets by accepting traders from around the world and offering
their services in over 10 languages. The brokerage specializes in the trading
of forex and has been providing reliable and innovative forex trading services
since their establishment in 2005.
LimeFX trading platforms
Central to that process is the evaluation of the broker’s reliability, the platform offering of the broker, and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker. LimeFX provides a host of trading calculators, including a trader’s calculator to calculate trading costs and required margin, a Fibonacci calculator, and a currency rates calculator. Traders receive independent market news and analysis from third-party provider, Claws & Horns. Available for free to all LimeFX clients, Claws & Horns provides fundamental and technical analysis, video reviews, and various signals.
LimeFX is owned and operated by LimeFX
Investments Ltd. and is registered in the Marshall Islands with their
headquarters located at Ajeltake Road, Ajeltake Island, Majuro, Marshall
Islands MH96960. LimeFX utilizes ECN trading technology while also
supporting social trading and facilitating copy trading. The brokerage cares
deeply about their clients and makes it easy for every type of trader to get
started with them. Therefore, should you choose LimeFX as your primary forex
trading brokerage? Find out in the following review where we analyze all
aspects of this lucrative trading broker and discover if LimeFX is the right
online trading brokerage for you.
Copy successful traders
The history of the company – it’s a story of a great success, innovative business strategy and solid steps up on the ladder of foreign exchange market. Accumulating the best, the company eventually allows its clients to achieve much more and to realize their projects and plans. Further on in the main pane, you can find news, economic https://limefx.club/ calendar, analytics, calculator, rates and much more. I`d say, the educational and support part of their website is one of the best. LimeFX (Europe) does not offer any promotions, including no deposit bonuses. You can also get help 24/5 by clicking on the live chat logo, which is available upon login to a demo or live account.
A variety of payment systems for fast depositing and withdrawal of funds
Note that withdrawal requests are processed manually by the Financial Department during its working hours and are processed within one working day of the date of submission. Bank wire transfers can take up to five working days to be processed, depending on the sender’s and beneficiary’s banks’ operation speed. LimeFX’s trading fees are higher than average on both of its accounts. LimeFX also insures all client money through the Investor Compensation Fund (ICF).
When making this calculation, we use one lot of EUR/USD as a benchmark as it is the most commonly traded currency pair and it usually has the tightest spread. It maintains regulation from the Cyprus Securities and Exchange Commission (CYSEC), and is registered in the Marshall Islands and Saint Vincent and the Grenadines. Despite 16 years as a brokerage, LiteFinance, previously known as LimeFX, appears to undergo unfavorable changes. It could explain its corporate headquarters move and expansion into less-regulated cryptocurrency activities.
Deposits & Withdrawals
LimeFX
is a very specialized online trading brokerage as they primarily facilitate the
trading of forex with a wide selection of currency pairs. I`d say they are a legitimate broker with a lot to offer their clients, especially beginners. The website is easy to navigate and there are multiple free analysis tools.
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