LimeFX Review, Forex Broker&Trading Markets, Legit or a Scam-WikiFX Score:6

LimeFX Review, Forex Broker&Trading Markets, Legit or a Scam-WikiFX Score:6

LimeFX also accepts payment in a range of cryptocurrencies, including BTC, ETH, BCH, XRP, and RFC. Accepted payment providers are Raido Finance, bitpay, BLOCKCHAIN, and Raido Spare. Deposits are generally free and instant, but withdrawals are charged a 0.5% commission and can take up to two days. LimeFX charges a commission on most deposit and withdrawal methods , in addition to inactivity fees. For example, a fee of 2.5%+1.5 EUR applies to withdrawals by credit card or debit card.

The requirements for opening a real account include mandatorily biographic information such as first name, last name, email and telephone number. Once the requisite information has been entered, clients can easily proceed through the registration process, fund their account, and start trading Forex. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds.

We will help you to choose the right broker by making a comparison between Forex brokers. We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have publishedour review process that includes limefx broker reviews a detailed breakdown of the LimeFX’s offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker, and the trading conditions offered to clients, which are summarised in this review.

LimeFX Review

The education section at LimeFX consists of a single page with an explanation of the basics of Forex trading. The most useful parts of this page are the links out to LimeFX’s YouTube channel where traders will find a selection of helpful videos in a structured course format. As a well-regulated broker, LimeFX ensures that all Anti-Money Laundering rules and regulations are followed.

LimeFX is an NDD broker with a long history of client satisfaction and excellent trading conditions across a wide range of accounts. Forex education and analysis are not as detailed as many of LimeFX’s competitors, and customer service is largely unresponisve. Deposit and withdrawal fees are higher than many brokers too, but options do exist for instant and free funding. The company offers various convenient and safe options for investors to deposit and withdraw funds.

  • TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site.
  • Therefore, Fibo forex trading is always effective and profitable.
  • This is a very credible trader that I would strongly recommend to anyone more so those who want to trade professionally.
  • LimeFX has been in the industry for a very long time, and has time and again proved its dedication to top-notch customer service and decent trading conditions.
  • Therefore, if you want to choose a broker based on its leverage, you can choose a suitable broker by considering all the points related to leverage in forex and the values ​​we mentioned in this section.

If you intend to trade in forex, you must know that you need a broker for this. Brokers are actually an intermediary for trading in the forex market. Pay attention to this important point to choose the right broker because brokers are different in terms of how they work. In this article, Zand Traders team has provided you the necessary information to choose the best forex broker.

The Ctrader NDD Account

In order to withdraw your funds, we kindly ask you to create a new withdrawal request. I have lost more than $ in Fibogroup forex Broker in 28 feb 2020, because they reduced my leverage from 1.100 to 1.50 in MT4 platform & 1.100 to 1.33 in cTrader platform at the end of the week. Please read LimeFX Reviews below and share your live trading experiences with this broker. LimeFX follows the set rules set by these regulatory bodies to the latter.

  • ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up.
  • Among the six brokers that we have introduced in this article, only LimeFX, LimeFX, USFX, Fibogroup and LightForex brokers have Persian language on their website.
  • LimeFX is an online brokerage that provides Forex and CFDs for trading online.
  • Among the many features showcased at LimeFX are personalised attention, unique methodologies, powerful trading systems, customisation of reports, loss limits, and LimeFX volumes beginning at $50,000.
  • MT5 NDD Account has a minimum spread of 0 pips, and the commission is 0.005% of the trading amount.

However, traders should be aware of the high leverage, low minimum deposit requirements, and lack of negative balance protection , which could see their trading accounts wiped out or even incur a negative balance. The data included on Top8forexbrokers.com is not always published in real-time and/or necessarily accurate and do not always reflect the views of Top8forexbrokers.com owners, employees and/or content contributors. 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’s accounts were assessed to compare the costs to those of other forex brokers.

Our customers and partners can be assured that all services, provided by any of the companies within the holding LimeFX, meet the highest international standards and are under the control of national regulators. In 2017, LimeFX added cryptocurrency derivative product to one of its trading platforms. What else I like is their variety of futures, for example https://limefx.name/ pork, live cattle, fattening cattle, lumber, soybeans, coffee, and many others. They also offer mini gas and mini oil, which I have not seen from any of the competitors. They have a convenient multifunctional website, a convenient application, and there are also many services and PAMMs. For registration and verification, everything is fast and without trouble.

NewsWIKIFX REPORT: The number of available currency pairs to be changed

The costs were evaluated based on the trading fees on one lot on the EUR/USD, including the spreads and commission. Whether it’s cTrader, MT4 or MT5, it doesn’t take much effort to get up and running with this forex brokerage in Demo mode, or real money mode. To get started, clients simply need to select an account type.

LimeFX reviews found on various thematic forums prove that the broker is in much demand in the international currency traders community. LimeFX is an online brokerage that provides Forex and CFDs for trading online. They are regulated with flexible trading platforms (MT4/MT5/cTradeer) and various account types. However, the broker is lacking in a variety of trading instruments and does not offer any educational materials to traders. CTrader NDD accounts are also ideally suited to short-term traders.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FIBOGroup offers a wide range of payment methods, but traders are charged a commission on both deposits and withdrawals. Trading conditions are average compared to other brokers across both accounts, but LimeFX’s non-trading fees are high, including limefx forex brokers reviews fees for deposits, withdrawals, and inactivity fees. To satisfy different various traders’ trading needs and strategies, LimeFX does offer a quite few of account options depending on different trading platform. Surprisingly, LimeFX does not requires a minimum deposit for traders to open a live account, which sounds quite reasonable for most regular trders to get started.

LimeFX started to offer online brokerage service for currency trading in 2003 adding CFDs in 2004. Some account types the Ctrader and the mt4 NDD will charge you a commission of 0.003% on the transaction amount. MetaTrader 4 is one of the most popular CFD and FOREX trading platforms in the world. Thousands of traders pay tribute to this user-friendly and useful software. Therefore, if we want to determine the best forex broker in terms of Islamic account, LimeFX, LiteForex, and USGFX are the best brokers, respectively. Stay with us to mention important points about these types of accounts.

Company Information

It is also a member of the Investor Compensation Fund , and in the unlikely event of LimeFX’s bankruptcy, the ICF will compensate traders up to a maximum of 20,000 EUR. The minimum spread for MT4 Cent Accounts is 0.6 pips, with no commission. The minimum spread for MT4 Fixed Accounts is 2 pips, with no commission. The minimum spread for MT4 NDD Accounts is 0 pips, and the commission is 0.003% of the trading volume. MT4 NDD No-Commission Account has a minimum spread of 0.8 pips. CTrader NDD Accounts has a minimum spread of 0 pips, and commission is 0.003% of the trading volume.

One of the most popular Forex trading platforms is now available on your Android device absolutely free of charge. One of the most popular Forex trading platforms is now available on your PC absolutely free of charge. Therefore, if you want to choose a broker based on its leverage, you can choose a suitable broker by considering all the points related to leverage in forex and the values ​​we mentioned in this section. Regulation is actually an institution that monitors the performance of a broker in forex so that profit-seekers cannot commit fraud in forex transactions.

Overall, LimeFX’s account-opening process is fully digital and hassle-free and accounts are ready for trading immediately. LimeFX’s registration form requires traders to fill in their personal details, including physical address, date of birth, and ID number. The account-opening and verification process at LimeFX is seamless, fully digital and accounts are ready for trading immediately.

LimeFX forex broker

The trading platforms applicable to LimeFX are MT4, cTrader, MT5. MT4 has a wide range of tools and indicators that can be used for technical analysis, foreign exchange news, online quotes, and price icons. This program allows traders to manage multiple windows using their indicators and research data.

Prior to making transactions one should get acquainted with the risks to which they relate. Forex Awards shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the press releases or reviews made by the site contributors about the LimeFXpanies. The entire responsibility for the contents rests with the contributors and commentators. Reprint of the materials is available only with the permission of the editorial staff.

Bank deposit fees typically range between $35 and $50 with a processing time of 2 – 5 days. With credit cards, there are no commissions and deposits are typically received within several hours. When Paysafecard is used, deposits are received immediately and there are no commissions.

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