LimeFX Forex Trade Platform and Broker Review
Deposits with bank wire can take between three to seven working days, depending on the location of your bank. The main and the only Islamic account determining factor is that the customer must be of the Islamic religion. The broker reserves the right to discontinue a swap/Islamic free account with no warning. LimeFX assures its clients of personal information safe as well as safety when conducting non-trading operations.
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 average number of trading tools compared to other similar brokers.
Variety of deposit/withdrawal methods
This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive a commission from the companies we feature on this site. See the table below for the example of the calculation for the required trading lots to withdraw the bonus amount.
- The reviews revealed that LimeFX makes money from the fees included in the spread.
- For the purposes of this review, we found customer support to be slow and sometimes unresponsive.
- Concerning the findings from this review, LimeFX is a good broker for forex markets.
- The broker accepts traders from Canada, Australia, the United Kingdom, Thailand, Singapore, South Africa, India, Hong Kong, Germany, France, Sweden, Norway, Denmark, Italy, and the United Arab Emirates.
- The clients can choose from options such as Yandex, Alipay, and Dengi.
If you’re going to withdraw no more than $100, your request will be processed automatically. It undoubtedly speeds up the withdrawal https://limefx.vip/ procedure and ensures instant receipt of funds. The broker doesn’t charge commissions for replenishment and withdrawal of funds.
Trader Tool Set at LimeFX
This is a centralized area on many brokers’ websites that allows for users to oversee several different data streams that pertain to currency prices and fluctuations within the global markets. LimeFX Investments Limited is a well-known Forex broker that provides advanced trading software, competitive trading conditions, and high-speed execution. Nothing too crazy, as sometimes brokers offer some insane bonuses, which is sus to me. Well, the trading conditions might be a bit challenging at first glance.
Is LimeFX a trusted broker?
No, LimeFX is not a scam, the broker is highly regulated and authorized by a top-tier regulatory body ensuring trading safety. We marked that the broker took all the necessary steps to improve the trading experience and provide transparent conditions after traders' complaints.
The broker has been operating since 2005 and is regulated by CySEC. 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. We are committed to the fair handling of reviews and posts regardless of such relations.
What is the minimum deposit to open an account with LimeFX?
I’m new to trading and investing, I wanted to buy Bitcoin and Ripple. In case the company acquires new licenses or registrations, the information will be updated in LimeFX's company introduction page. LimeFX was founded in 2005 and you can invest in Cryptocurrency, Forex, Oils & Gas, Rare Metal, Stock and Stock Index by opening an account with LimeFX. Overall, LimeFX provides a comprehensive education section that is frequently updated.
If you are unsure about forex trading, we suggest that you open a demo account and spend some time getting trained for live trading. LimeFX takes good care of its clients and offers excellent customer support through social networking sites, 24-hour live support, online contact form, limefx reviews and live chat. When it initially launched in 2005, LimeFX required only a $1 deposit. Although this has since risen to $50, it remains one of the most affordable brokers for the average person to start trading with. All these factors make it an attractive place to start out trading.
How long does it take to process withdrawal requests?
For bank deposits/wire transfers, the minimum deposit should be at least $100. Overall, LimeFX is a dependable, CySEC-regulated broker with two low-deposit accounts that are suited more to beginners than experienced traders on the MT4 and MT5 platforms. Concerning the findings from this review, LimeFX is a good broker for forex markets. The Marshall Islands-registered broker has been in the industry since 2005, and its continued presence shows why it is arguably the first in the list of reliable forex brokers in the world.
- There’s a useful (and substantial) guide to books about forex, with short reviews of each one.
- According to the Forex Suggest review, for security, trading speed, online support, and cryptocurrencies, LimeFX is a good broker.
- On the minus side, the absence of protection from any major regulatory body for clients outside the EU and UAE is likely to be off-putting for a lot of traders.
- Yes, LiteFinance allows the Client to use up to 5 automatic withdrawals worth a total of $5000 within 24 hours if the client profile is fully verified.
This commission is likely to increase to $30.00 per lot if the currency pair performs exceptionally. The spread commissions on commodity CFDs are in the range of $0.50 and $20.00 per trade. For the commission-free Classic account, clients get elevated floating spreads, which start at 1.8 pips.
How do I deposit foreign currency into my bank account?
ATMs generally accept only one type of currency. Instead of using an ATM, you likely will have to go in person to your local branch bank to exchange foreign currency, then deposit it into your checking, savings, or money market account. Or you may need to seek out another location to complete your currency exchange.