LimeFx review

Based on our Expert findings, LimeFx is considered a good broker with safe and very favorable trading conditions. The broker offers a range of trading services designed for both beginner traders and professionals with low initial deposit amounts. ECN accounts – an account type suitable for “advanced” traders, who want to work on more favorable trading conditions. The initial deposit is from 10 USD, the commission is 20 USD for the trading volume of 1 million USD, and spreads are from 0 pips.

LimeFx review

We’ve tried to breakdown all of the qualities and charges for your convenience. The ECN-Pro account has, again, 36 currency pairs, CFD on indices, CFD on U.S. stocks, CFD on Oil, Metals, and Cryptocurrencies. Signing up to LimeFx will give you the choice between six accounts, including an Islamce account. LimeFx Group has 800,000 clients from 170 countries across the globe. The broker caters to this wide selection of countries by offering support in 18 languages. For the celebration of its 10th anniversary, the firm was giving away $1,000,000.

Type of Trading Accounts on LimeFx

R Trader is a multi-asset web platform, which combines modern technologies, a classic but taken to a new level design, and access to the world’s major financial markets. With the multi-asset R Trader platform, users get the opportunity to take their market exchanges to a whole new level. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs.

A number of functions realized in them are very convenient for professionals, though not the most up-to-date solutions on the scale of the world’s trading industry. Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device,
anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools
to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned
trades. Availability of deposit and withdrawal options depends on the geographic region, but processing times are instant on most options, but bank wires can take up to 5 working days. LimeFx also bears the Verify My Trade (VMT) certificate, as well as negative balance protection which ensures clients are able to manage portfolios in a safe and competitive trading environment. We learned that LimeFx implements a 0% commission policy for deposits and many of withdrawals where all expenses are covered by the broker.

With LimeFx, you will gain access to eight asset types and over 12,000 instruments for trading. Interestingly, LimeFx is the official limefx broker reviews sponsor of Muay Thai fighter Andrei Kulebin. CTrader is one of the most beginner-friendly third-party trading platforms available.

Why does LimeFx ask for my passport?

The Financial Commission is the most trusted independent self-regulatory organization and external dispute resolution (EDR) body globally. Online trading platforms like LimeFx are used by traders to help them with every aspect of trading. Market analysis, price projections, and purchase timing are all key when trading live financial markets with LimeFx. The LimeFx trading platform provides traders with up to the second charts in order to enable them to execute transactions at the click of a button using LimeFx. Trading fees on LimeFx are taken in the form of the spreads LimeFx offers when buying and selling financial instruments like stocks, commodities, fiat currencies and indexes on LimeFx. There may be some fees when transfering money to and from your LimeFx account charged by your 3rd party payment provider if your LimeFx base currency is different from your LimeFx withdrawal method.

The R WebTrader has the same capabilities and features as the desktop version but instead runs directly within most modern desktop and mobile web browsers. This is useful for those who need to trade on the go from anywhere in the world. The web terminal does not require any software downloads or updates.

CFDs can be used to trade a variety of underlying assets, including stocks, commodities, and foreign exchange. Bonds trading on LimeFx is a way of making profit from fluctuations in the value of corporate or government bonds. The government will pay a defined interest rate on an LimeFx for the duration of the issued bond, and then give the original sum back at the end of the loan’s term to the LimeFx trader. While some bonds are traded publicly through LimeFx, most trade over-the-counter between large broker-dealers like LimeFx acting on their clients’ or their own behalf. Yield is therefore based on the LimeFx purchase price of the bond as well as the coupon. A LimeFx futures contract allows an investor to speculate on the direction of a security, commodity, or financial instrument available on LimeFx.

Find Similar Brokers

Plenty of payment methods are available offering prompt processing. Based on our Expert findings, we learned that LimeFx spreads depend on the account type you choose, so be sure to check out the trading conditions. Starting to trade with LimeFx, you will first need to open an account and deposit funds. Once your account has been approved, you can then make a deposit using one of the many methods available. Based on our research we found out that LimeFx offers user-friendly platforms with all the tools and resources you need to trade successfully. On the flip side, the trading fees may vary depending on the platform used and the account type, which might seem comlex.

LimeFx review

LimeFx trading accounts are masked and encrypted using cutting-edge encryption and masking technology to secure your personal and financial information when trading with LimeFx. Rate limitation on LimeFx suspicious account activities is another layer of protection that is provided for LimeFx trading accounts, for example multiple failed login attempts with LimeFx. You have the option to further safeguard your account by using LimeFx Two-Factor Authentication (2FA), which provides an extra layer of security. The majority of LimeFx trading fees, commission is either a flat fee per trade or calculated based on the number of traded shares. Several brokers do also offer zero-commission trading for stocks, ETFs, and options.

LimeFx Customer Support ☎

Support is available 24/7, and clients may also write an e-mail, use the web form, call directly, or request a callback. LimeFx offers support in multiple languages, another confirmation of the global reach this broker is building. LimeFx provides traders with in-house analytics, but it established itself with automated solutions at the core. It publishes numerous articles consisting of market commentary and actionable trading ideas daily. I highly recommend it to traders looking for a quick market snapshot or a fresh take on a potential trade.

The reason that LimeFx asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, LimeFx has to be careful that they don’t breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, LimeFx must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.

  • To gain a quality certificate, the results should comply with the market average values.
  • The ECN-Pro account comes with floating spreads and commission, while the ECN-Fix Spread account is commission free and offers fixed spreads.
  • LimeFx offers a positive swap on EUR/USD short positions, meaning traders get paid money.
  • Some of the most notable features on the mobile apps include one-click trading, algorithmic trading, fundamental analysis, and plenty of innovative trading tools.

All platform choices are free to use and can be downloaded to your PC and all have web versions of the platform. This helps to protect your personal information and funds by using SMS verification and back up codes. Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites.

Overview of LimeFx

Besides lots of currency pair,
LimeFx also offers some instruments you would like to trade on, such as
Forex and Gold & silver for your best choice. Established in 2009, LimeFx LTD is a member of RoboMarkets/LimeFx Group which includes RoboMarkets LTD and RoboMarkets LLC. The group experienced an extraordinary growth rate, as seen in 1,000,000 clients who entrusted their funds to LimeFx. It doesn’t stop there, the broker adds a layer of protection in the form of LimeFx category A membership with The Financial Commission operating outside Hong Kong. Clients will be protected by the Compensation Fund which secures deposits up to a maximum of €20,000.

LimeFx review

LimeFx mobile trading gives its users a platform to trade from anywhere in the world, as long as they have an internet or WiFi connection. The mobile trading app provides an ease of transacting while using a mobile device. The required minimum deposit at LimeFx varies depending on the type of account you decide to open. The account type also determines the range of tradable assets and derivatives available for trading through the company.

Most of the investor research is published on the brokers blog, and includes some informative videos from its partner, Claws & Horns. Commissions and spreads at LimeFx start from $15 with variable spreads starting at 0.0 pips. For example, if you have a $10,000 position, you might hold just $1,000 in your account. Once all of the above information is provided, you will need to verify your email address to continue to the next step.

LimeFx Review – Benzinga

LimeFx Review.

Posted: Tue, 28 Feb 2023 08:00:00 GMT [source]

The minimum deposit amount varies depending on the account type, ranging from $10 for the Prime, ECN, Procent, and Pro accounts to $100 for the R StocksTrader account. LimeFx is a trusted online broker that provides trading assets on its Pro-Cent, Pro-Standard, and RAMM live accounts. LimeFx offers a wide selection of trading platforms, including MT4 and MT5. But, just like all online brokerages, it is important to note that traders can also lose money. In particular, 58.42% of retail investor accounts lose money when trading CFDs with this provider. Andorid mobile devices and tablets are used by millions of people globally.

There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. They keep letting you to deposit money but then after you make profit they just keep asking more and more documents about the source of funds and it never suits them.