LimeFx’s forex fees are average and you can also expect to pay an inactivity fee if your account is dormant for more than 90 days. Both the MT4 and MT5platforms used by LimeFx put security of client information and transfers at thetop of their list of priorities. To achieve that, advanced encryption methodsare used by the platforms to protect private dataand make sure that investing is safe. This dedication to security gives buyerspeace of mind because they know that their personal information and tradingactivities are safe from being accessed by people who shouldn’tbe able to. LimeFx awards customers whochoose and remain with their services because they value their loyalty. Byjoining LimeFx’s loyalty program, customers can get endless loyalty rewards andtrade with greater funds, which can lead to better trading results.
Customer Support
We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. LimeFx Group’s extensive offer of tradable instruments allows traders to access a broad spectrum of markets, from forex to stocks and commodities. While the number of instruments offered varies across asset classes, LimeFx’s diverse range of options provides traders with ample opportunities to capitalize on different market trends. The broker’s extensive range of over 1,250 CFD products, including forex, stocks, commodities, and indices, caters to a broad spectrum of traders. LimeFx, headquartered in Belize City, Central America, has been a significant player in the online brokerage industry since 2009.
What Types of Accounts Does LimeFx Offer?
What we advertise is what we give our clients, regardless of the size of their investment. LimeFx email support works well and typically provides answers in 24 hours or less. When it comes to choosing a broker, there are many factors to consider—and one of the most important is whether the broker is regulated by a reputable authority. You can read a detailed LimeFx broker review in the broker review section on our website. Clients can make deposits using a variety of payment methods, including debit cards, credit cards, electronic wallets (Skrill, Neteller), bank transfers, and other local payment methods.
LimeFx Desktop and Web Platforms
These platforms are known for their comprehensive charting capabilities, technical indicators, and expert advisors (EAs). If you fund your account in a currency different from the base currency of your account, a currency conversion fee may apply. LimeFx may charge overnight financing fees for holding CFD positions overnight. These fees can vary depending on the instrument and market conditions.
I consider regulators such as the FCA and ASIC to be top-tier when compared to other regulators such as those located offshore. Trading Point of Financial Instruments Limited provides investment and ancillary services to residents of the European Economic Area (EEA). We have clients from over 190 countries and staff speaking over 30 languages. Our management has visited over 120 cities globally to understand clients’ and partners’ needs. The phone support is also great and you can access it in various languages. However, the response time can be slow if there is high demand.
- The Micro Account and the Standard Account are spread-based accounts with an extremely low minimum deposit of $5.
- LimeFx is owned and operated by Trading Point Holdings, which is a licensed and multi-regulated financial institution.
- Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
- On the other hand, MT5 desktop terminal has 38 trading indicators and 44 analytical tools making it a little superior to the MT4 trading platform.
- One of the biggest scammers in the market, they always close positions automatically to cause you lose, the argument is always the same technical problems 🤔, the CS team never solve problems.
In saying that, there are some unique trading strategies that I found inspiring and learnt some new things to implement into my own trading. Recently I almost got a stop loss but fortunately I was able to close a position with little profit. I have contacted my bank 3 times today I went there physically and they said we cannot retrieve your funds through this ARN.
Both desktop trading platforms are really easy to use thanks to their well-designed interface. The features are intuitive, and different parts of the apps are grouped together on a single dashboard. The broker offers a news feed from Reuters and an economic calendar. The economic calendar is a standard feature for brokers, while the news feed from major providers like Reuters or Dow Jones is also offered by some market players. A demo account is an account that allows you to test the broker’s services and your trading skills without risking your money. LimeFx received a below-average score in the Tradable Instruments category.
Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to limefx forex brokers reviews look for. Bank transfers can take a few business days to clear and LimeFx covers all the charges for bank transfers of $200 or more. Accounts can be opened in a great selection of currencies including USD, GBP, EUR, CHF, JPY, PLN, SGD, ZAR, AUD, HUF & RUB.
While all other features look identical to other account types, the company doesn’t allow hedging techniques in the share account. Like all other accounts, the share account is also convertible to swap-free Islamic accounts upon request. Clients need to deposit a minimum of $10,000 to sign up for the Share account on LimeFx. The broker also facilitates trading via MT5 desktop trading platform. Both platforms are powered by MetaQuotes and come equipped with powerful tools and features required for a meaningful trading endeavour. While the look and feel of both trading platforms is almost similar, we’ll review their main highlights.
However, you need to request the broker to convert your conventional trading account to a swap-free account after signing up since swap-free accounts are not available as a standalone product. LimeFx takes 1 business day to process all withdrawals except for wire transfers. In conclusion, we addressed the most frequently asked questions (FAQs) to help clients know more about the broker. After reading this review, we believe you can certainly make an informed decision as to whether or not you should sign up with LimeFx. However, the decision should be based on your discretion only.
The platform is regulated by the Financial Services Commission, ASIC, and CySEC. From our LimeFx forex review, we discovered that the account opening process is quite straightforward, with abundant educational content available for free. With its headquarters in Belize, the company serves 5M+ clients from 190+ countries worldwide. The broker claims to have a wide range of trading instruments and accommodating terms to facilitate retail and professional clients.
If this is not possible, they will transfer the funds to your identified bank account. This account must be in the same name as the account maintained with LimeFx. Before you can trade with LimeFx for the first time, you must provide identity and residential address verification. Access to shares CFDs depends on the client’s country of residence. CFDs on over 100 US, UK, and Germany stocks are available to trade on the LimeFx platform. LimeFx gives new and currentclients different trading bonuses that give them additional capital andconfidence.
The swap fees for EUR/USD are medium, while the swap rates for GBP/JPY are low. LimeFx has entities regulated by Tier 1 regulators (CySEC, ASIC), a Tier 2 regulator (DFSA), and a Tier 3 regulator (FSC). All entities separate their funds from the funds of the investors and provide negative balance protection.
To deposit funds in an LimeFx trading account, clients can use credit cards (Visa and Mastercard), debit cards, bank transfers, Western Union or e-wallets. These apps, compatible with a variety of devices including iPhones, iPads, and Android phones and tablets, https://limefx.name/ ensure that mobile users have unrestricted access to all market types and order options. LimeFx’s mobile trading apps, available for both MetaTrader 4 and MetaTrader 5, offer full functionality, mirroring the capabilities of the desktop and WebTrader platforms.
Place the trade at any time of the day, provided that it is during trading hours. There is also the ability to place trades via the telephone for those who prefer this method. For overnight positions, LimeFx prides itself on offering competitive and transparent swap rates.