Broker LimeFX: a short review of the world-known brokerage

It involves creating an account by a strategy provider in their Personal Area. Investors can see this strategy as it is socially accessible for those who use a respective social trading application. In such a way, all trades on a particular strategy will be copied onto the client’s LimeFX using a copying coefficient. Only two LimeFX accounts, Social Standard and Social Pro, can be carried out on the MT4 platform. With a reputation as a trusted fintech broker, LimeFX provides an excellent trading environment for traders and investors to feel safe in every deal they embark on.

  • Still, I was concerned about the company’s lack of a wire transfer option.
  • After opening an LimeFX demo account, you will enjoy the same features available on a real account apart from deposit, withdrawal and transfer.
  • The broker gives its customers access to the leading trading platform MetaTrader 5 to support its trading services.
  • And I lost some trades and found out that anytime you are in loss they manipulate the spreads to increase it form 300 to as far as 700 points ….

Funds in demo accounts can be easily replenished by a simple filling of a request form. It is prudent, however, for traders to be mindful of high leverage levels since although they can multiply their profits, they can equally result to substantial losses. On the other hand, variable spreads amount to up to EUR/USD 0.9 pips on average particularly on commission-free LimeFX accounts. Traders with ECN accounts enjoy spreads of up to EUR/USD 0.4 pips, but are charged a standard commission of about $2.5. Next, select the account type, leverage ratio, and base currency.

So let’s have a look how to proceed with LimeFX download for PC and mobile gadgets. The LimeFX Standard Cent account is compatible with the MT4 trading platform. LimeFX customers who hold a Standard Cent account are free to trade any forex pairs and metals that LimeFX offers. The account features unlimited leverage and is not subject to any commissions. The most unique feature of the LimeFX Standard Cent account is that it enables traders to open a position for 0.01 cent lot.

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As it was mentioned above the company is regulated by the Financial Sector Сonduct Authority in South Africa. LimeFX is a retail Forex dealing center that offers the tightest spreads and the highest leverage. By installing mt4 or mt5, the LimeFX client is authorized on the platform and can start trading during market hours. The company offers personalized response through email, chat, social media and phone.

Additionally, the spread might go up to 0.3, which is a bit higher compared to the 0.1 spread in the Classic and ECN accounts. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. The deposit bonus is measured as a percentage of the net deposit, which is the amount that remains on balance after the initial deposit and the first withdrawal. Based on this amount, forex traders will receive a 10% deposit bonus. Lastly, forex traders must verify their trading account by providing their ID document and proof of residential address.

LimeFX forex broker

It is available only to LimeFX traders using MT5 accounts. LimeFX Terminal operates the same features as WebTerminal. Creating this account, a trader is recommended to address Expert Advisors, an automated program of control and trading management without the trader’s involvement.

Breakthrough – traders can test their knowledge by starting to analyze the markets. Great support for those who want to trade is an extensive training center, LimeFX Academy. Here you will find many video tutorials and glossaries to help learn new trading methods due to Education LimeFX project. One of the main factors influencing confident and booming trading is a deep knowledge of a trader and his understanding of the mechanisms of the markets.

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Replies are typically provided within a few minutes and support is available 24 hours a day, 7 days a week. Brokers often hold forex contests to offer forex traders the chance to gain additional profits from contest winnings. There is no record that limefx LimeFX has ever held any contests and there are no announcements that would suggest that there are contests being planned. Yes, LimeFX Trade and Exchange Platform has promotional offers for both existing and new forex trading account owners.

The LimeFX Standard Cent account is particularly attractive to novice traders because it allows them to open an order for a 0.01 cent lot. This enables beginners to practice trading CFDs by investing a small amount of capital. Account holders can open a position for no more than 200 cent lots. They can maintain a maximum of 1,000 open market orders simultaneously. The LimeFX Standard Cent account is commission-free and compatible with the intuitive MT4 trading platform.

LimeFX Group is one of the leaders of the financial market Forex for 2019, and the current 2020, its monthly trading volumes exceed hundreds of billions of dollars. LimeFX is a broker with a proven reputation over the years and more than 70,000 registered traders. LimeFX allows withdrawals using the deposit options mentioned above. The company does not charge any money to deposit and withdraw funds.

LimeFX Social Trading Download

Refer to the table below to see what the withdrawal speed is in compliance with the payment method of the trader’s choice. When opening a real account, the user is offered up to 80 variants of currency units, including metal-currency combinations. Tick ​​history, which allows you to view changes in the price ratio of exchange-traded assets in different periods of time. It’s registered in the Republic of Seychelles and licensed to act as the foreign exchange market broker, issued by the Financial Services Authority of Seychelles. This once again confirms the impeccable reputation of the company. Numerous customer reviews complement the company’s stable and reliable profile.

If you have good connection, LimeFX withdrawal usually takes only 1 minute. LimeFX minimum deposit is not required for Standard account. Spread is from 0.3 pip for most of the main currency pairs. LimeFX is licensed by four reputed financial regulators, LimeFX’ trading environment is proven to be safe and secure.

To make its instant withdrawal system even better, LimeFX does not charge any withdrawal fees. However, some payment methods may involve a transaction fee. We recommend double checking before committing to a payment option. If you are registered in Sri Lanka and Botswana, your minimum deposit requirement will be 500 USD. For example, traders registered in Bangladesh and Singapore are required to deposit no less than 200 USD. The LimeFX deposit process is supported by a wide range of payment options tailored to different countries and territories.

  • If traders fail to provide the requested information within the 30-day period, they will not be able to deposit or open any orders.
  • However, the Standard Plus account is hugely beneficial for traders taking part in LimeFX’ partnership programme.
  • The multi-asset broker’s retail operations are handled by two global offices.
  • Creating this account, a trader is recommended to address Expert Advisors, an automated program of control and trading management without the trader’s involvement.

The good thing is that if traders use local payment methods, LimeFX will pay 100% transaction fee and they can get better exchange rate. This is so amazing because back when I didn’t know, transferring through Visa always cost me 3-5% of the money, which frustrated me. If you are a forex trader from Asia, you should pay extra attention to the broker’s payment system, because most Asian countries aren’t rich countries. So, they are using backward payment systems that most brokers don’t support. It’s very difficult for these traders to deposit to the brokers.

LimeFX’ Customer Support Team

The funds of the customers are kept in segregated accounts. In your personal cabinet in the section “Settings” find the section “Fixed spreads” and fix the spreads, otherwise transactions with your account may not pass. A demo account will help you to get acquainted with the account functionality and peculiarities of working with an LimeFX account without financial risks in advance. LimeFX is a reputable online Forex broker launched in Russia back in 2008.

Read carefully about possible orders and do not forget to set Stop Loss and Take Profit levels. In simple words, you will use an automated trading robot that will perform the job for you. Integrated MQL5 community chat for traders where you can chat with other traders and exchange tips and strategies. In order for us to assist you, please send us more details via Facebook /LimeFX with proof of payment including your account number, payment method, payment date, and screenshots.

It can be affected by various factors like trading before weekends and holidays, various publications on significant economic news, etc. Spreads are usually determined in the currency pair in the forex market. It is a difference between the stake and the suggested rate. A unit “pip” is used to represent a change in a currency pair. Thus, one pip is 0,01 for a currency pair with JPY and 0,0001 for all pairs.

Although there are no plans to relaunch the programmes, traders who have signed up before the registration closed are still able to receive LimeFX’ trading bonus and deposit bonus. To allow its customers to start trading in no time, LimeFX has kept its registration process simple and straightforward. Traders can register for an LimeFX account in a few easy steps.

And I naively thought that I could find out who is the best just by reading the reviews on the Internet. Actually, it isn’t easy to find out that best broker because every review leads me to different best forex brokers. Finally, I listed down some forex brokers that I thought were the best, because they appeared the most in those reviews.

LimeFX clients can enjoy instant withdrawals through EPS. Traders who opt to withdraw using cryptocurrencies have to wait up to 72 hours before receiving their withdrawals. As for withdrawals via bank cards, it takes up to three to five business days to process. At the time of writing, LimeFX’ bonus programmes are no longer open for registration and the broker has no plans to reopen them.

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LimeFX is a licensed company, duly regulated with a number of authorized regulators. In South Africa it is regulated with FSCA authority.Thus, trading with LimeFX Brokerage Company is safe for traders in South Africa. LimeFX traders can choose ZAR as the base currency of the account upon registration. In this case, all deposits made will be converted into ZAR. It is regulated by several regulators, has easy-to-use trading platforms, and has experienced customer care representatives. The company has also not been banned or fined by any regulator.