For ECN accounts, spreads start at 0 pips but for each lot, there is a small commission charged for each side of the trade. These zero spreads are great for traders who love to open multiple trades throughout the day. Scalpers will love this option because of how important zero spreads are for making multiple small profits.
Review Methodology
This symbiotic relationship allows traders to garner up to 50% of the investors’ profit as a reward. LimeFx is offering new and existing clients to double their deposit.Receive up to $1 … The broker’s customer support team responds promptly to reviews on the Trustpilot page, indicating their commitment to ensuring the best user experience. However, the LimeFx trading platforms are unavailable to EU/EEA/UK residents. LimeFx offers financial services to over 100 countries around the world. These countries include the Russian Federation, Ukraine, Uzbekistan, Indonesia, Turkey, Malaysia, Kazakhstan, Nigeria, Belarus, and South Africa.
Does LimeFx offer trading in metals?
MetaTrader is also popular due to its copy trading and automated trading features. LimeFx does not charge any account maintenance fees or inactivity fees. The table below lists the protections and benefits by entity, regulator, and region. LimeFx Ltd is authorised and registered by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines, with registration number IBC 2015. This is an offshore jurisdiction, so client protections are typically not as strong as those under UK or EU regulations, for example. We use dedicated people and clever technology to safeguard our platform.
Overnight Fees
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- CFDs are great instruments for this matter because they can be short-sold when markets are falling.
- The content provides trade ideas with a long or short bias, along with suggested take profit and stop loss levels.
- The Financial Commission provides insurance for up to € per each claim from its Compensation Fund.
- ✅If applicable, LimeFx will produce a unique wallet address and a QR code for your deposit.
- Withdrawal requests are processed internally within 24 hours, which is relatively fast.
LimeFx also pays a bonus for traders who switch from another broker and if they want to transfer open positions. Today, LimeFx is a reputable worldwide broker known for https://limefx.club/ its steadfast dedication to customer satisfaction. The firm offers traders cutting-edge platforms, a wide selection of trading products, and exceptional customer service.
Is LimeFx regulated?
Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant. This is a copy trading account option for those of you who want to copy signals from the strategies of other traders.
Does LimeFx offer two-factor authentication (2FA) for account access?
While there are no deposit fees, withdrawals come with a charge and are the most costly via credit card. The Copy Trading service at LimeFx allows clients to select strategies based on parameters such as profitability, number of investors, and age. There is no need to download or install any software as trades are copied automatically in the web-based platform. Traders pay a set percentage of profits for the right to copy a strategy. We performed tests with a Standard account using the MetaTrader 5 desktop/web platforms and the MetaTrader 5 mobile app. We opened accounts with the LimeFx LTD entity of LimeFx, supervised by the Mwali International Services Authority (MlSA).
LimeFx does not provide services to citizens and residents in lots of countries which you can find listed on the brokers website. The broker states that in the case of violation of this condition, they reserve the right to block the trading account of the client. If you find out that they cannot serve your country for whatever reason, please feel free to find an alternative option from our broker reviews. For clients participating in the “Get cashback from LimeFx” loyalty program, the broker returns part of the spread. The greater trading activity the clients demonstrate, the more funds they can get back to their trading accounts.
That’s why LimeFx was among the first to support the initiative of the Financial Commission and completed order execution verification with Verify My Trade (VMT), a partner of the Financial Commission. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. LimeFx customer support is available from Monday to Friday, 24 hours day.
Do you want to trade Forex instruments, but you can’t due to religious restrictions? The only bonus which is offered in the form of a deposit bonus by LimeFx only applies when traders are switching from one broker to this broker. Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries. All funds deposited into your trading account must be under the same name as your trading account. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.
This means that traders with different account sizes can access varying levels of leverage to suit their trading strategies and risk management preferences. Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch. The Broker has canceled its commission on deposit and withdrawal for all types of accounts – the offer is available once a month. The spreads are dependent on the account type the trader is operating on.
The automatic stop-out level is at 20%, except for the EXN account, which is at 40%. A competitive ECN trading environment with audited and verified order execution. MetaTrader 4 is universally acknowledged as a superior trading platform, esteemed by novices and professionals alike, due to its symbiosis of convenience and functionality. You can withdraw via a web browser through the Personal area in the Withdrawal section or the LimeFx app. Note that you must verify your payment details before you can withdraw.
LimeFx also provides educational resources and support for traders, including trading tutorials to learn forex, webinars, and market analysis. Additionally, the broker offers a wide range of deposit and withdrawal methods, including popular e-wallets and bank transfers, to facilitate convenient transactions for its customers. The Company offers some of the best trading conditions in the industry – low spreads, ultra-fast order execution to trade currency, stocks and commodities. LimeFx’ experts have designed and developed signature indicators to facilitate the trading process. The Company offers various bonuses and promotions and provides daily analytics – all this indicates the customer-oriented approach.
LimeFx supports credit/debit cards, cryptocurrencies, ADVcash, and Perfect Money as payment methods. Since its inception in 2007, LimeFx has burgeoned into a globally acknowledged broker, illustriously etching its name in the financial sector. Its journey, spanning over a decade, has been marked by a relentless pursuit of service excellence and innovation. The manifestation of these efforts is reflected in its expansive customer base, characterized by loyalty limefx and a suite of international accolades, attesting to its exemplary standing in the industry. LimeFx Ltd has licenses from many regulatory agencies, including the Island of Mwali (Comoros), Cook Islands, and Saint Vincent and the Grenadines; each overseen by their respective authorities. Furthermore, LimeFx is a recognized member of The Financial Commission which ensures broker openness and integrity to offer trade claim coverage via compensation fund.