Alternatively, you can trade directly through MetaTrader’s WebTrader. Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. These products may not be suitable for everyone and you should ensure that you understand the risks involved. We may receive compensation from our partners for placement of their products or services, which helps to maintain our site.
its amazing to trade here using EAs
They round out their services with a variety of professional accounts, introducing broker (IB) branding and a portfolio management program. They recently added cryptocurrency coverage to a broad selection of forex, spot, and CFD trading products. Earlier in 2018, LimeFX announced a limefx scam partnership with EmurgoHK to open a cryptocurrency exchange, but the launch date hasn’t been announced.
Commissions and Fees
However, they do change over time and vary between countries, so check the current offers available when you sign up. For any withdrawal problems, contact customer support on one of the channels described further below. Withdrawal times vary depending on the banking provider but range from the same day to 10 days. Withdrawals below $300 scammed by limefx will have a fee of $55 per transaction. Payments typically take up to 24 hours, though wire transfers may take up to five business days. LimeFX customers can choose from a good range of deposit and withdrawal methods.
Upon registration, traders are provided with a substantial $100,000 virtual currency, allowing them to freely explore various instruments and techniques without worrying about actual losses. With spreads starting at zero pips, this account is ideal for scalpers and high-volume traders. However, it’s crucial to note that this account uses a commission-based pricing mechanism, with charges starting at $13.5 per lot. With a minimum deposit ranging from $50 to $100, it presents an appealing option for traders who are cautious about committing significant funds upfront. Access to daily market analysis and trading tools, such as Expert Advisors, can greatly improve the trader’s experience, potentially resulting in more informed trading decisions and improved outcomes.
- The support was quick and double-checked that all my questions would be addressed well.
- We found that LimeFX’s MT4 gives traders access to more than 500 financial instruments, including FX, CFDs, spot metals, futures, stocks, and commodities.
- LimeFX has been operating for 10+ years, and they’re known as one of the largest and most reliable online trading brokerages globally.
- We were interested in LimeFX’s 100% Unlimited Sharing Bonus because it was a novel approach to increasing traders’ first deposits.
LimeFX User Experience
And thirdly, broker provides a wide range of financial instruments, including currency pairs. LimeFX Academy provides impressive educational features for smaller and less-skilled traders. The portal would benefit from more advanced topics but the narrow focus on newer traders makes sense as a marketing tool.
LimeFX provides trading platforms such as MetaTrader 4, LimeFX WebTrader, and TradeCopier, noted for their dependability, extensive functionality, and easy-to-use interfaces. Wow, so many trading accounts, I’ve never seen such a quantity of them. What is more important all of them are kinda different, isn’t it? In fact the broker certainly bets on convenience as not all similar companies care about traders this way.
They take too long to answer questions, especially during busy times. Be aware that when trading instruments in a currency different from your account-based currency, there may be a slight markup on the exchange rate. Opening a multi-currency account can be a smart solution for frequent international traders looking to avoid these fees. LimeFX’s over 500 instruments are spread across various financial markets, ensuring that traders get maximum exposure and can diversify their trading portfolios.
The primary difference between live floating/live fixed trading accounts and the ECN/STP model is market execution. Real accounts use instant execution with re-quotes, whereas STP/ECN accounts use market execution, so no re-quotes are involved. LimeFX is a real broker offering trading services in forex, commodities, shares, and more across over 180 countries globally. It has been in operation since 2010 and is regulated by several financial authorities, thus proving that it is a real CFD broker.
In addition to EU regulation through the Cyprus Securities and Exchange Commission (CySEC), they are licensed as a registered investment firm in the United Kingdom, Australia, and South Africa. LimeFX has closed down operations in China, Russia, and Nigeria in recent years, focusing client development in more traditional venues. Furthermore, access is offered to Market Trends, Webinars, Seminars, Trading Psychology, Podcasts, Financial News, and, much more.