With market analysis tools, you can have technical insights into the data, plan your trades, and have a clear and detailed explanation of each idea. We tried to contact customer support to check their response rate. When we used the live chat option, we found it is limited to certain queries as it is only a bot.
- You state that there is an overnight fee of -2.5% and 2.5% depending on if you are trading Long or short.
- Moreover, the trader can withdraw or add funds, can view their trade history, access news, create watchlists, and view charts for their mobile application.
- LimeFX offers actionable trade opportunities, identified patterns, in-depth volatility analysis, and intraday technical analysis.
- There is no social media support though, which is a bit behind the times considering they do have social media accounts that they update with things like the latest market analysis.
- By speculating on price movements driven by global events and the condition of different economies, investors can get more value for their money.
Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary. If you are dissatisfied with the services we provide, please click here to contact our customer service department. Deposit processing times for bank wires are between one and two business days. LimeFX does not levy internal financial transaction costs, but third-party processing fees may apply. Unfortunately, LimeFX does not list a phone number and e-mail address on the Contact Us page.
I’m trying to withdraw my profits from those guys and they asked dozens of confirmations and everything…. Ok, so far, no problem, all of them are very good to deposit and horrible to withdraw, LimeFX isn’t an exception. Traders can open an account with 100 of their finest units of the account currency. Traders in the UK can go ahead and trade the ever unsettled cryptocurrency; South Korea announced that it would work towards institutional acceptance of cryptocurrencies. Your quickest and best option is phone support for more detailed questions, but this can also be a little slow during peak market hours.
LimeFX Pros and Cons
All information on 55brokers.com is only published for general information purposes. We do not present any LimeFX advice or guarantees for the accuracy and reliability of the information. Oman is not restricted on LimeFX platform, so you will be able to open an account. You are given the option to open a LimeFX account and trade yourself or open an account with MetaTrader 5 and trade with the help of the software.
- From identifying trade patterns to analyzing volatility, Autochartist provides traders with key trading insights.
- And, if you needed any more convincing, LimeFX has also been awarded many major awards over the years, including Best Forex Broker by readers of the Financial Times.
- In case you would choose to use known MetaTrader4, the platform has also been enhanced with integrated pattern software and other highly developed trading tools, using the market execution method.
- LimeFX mobile application is fully functional, giving traders access to all their account data.
They usually only ask for a small LimeFX upfront and pay initial investors the promised returns to give the impression that the scheme is successful. Members of these schemes are charged a subscription fee and encouraged to recruit more people to join so that they can earn a commission. The software in legitimate forex robots can be tested and reviewed by an independent body to make sure it works. A forex robot is a software programme that can automatically buy and sell currency for you using an algorithm. Fraudsters use lots of sophisticated techniques to steal money through forex scams.
We are required to request some information from you before you make your deposit to show that you are the sole owner of the bank account being used to fund your trading account. When you are ready to make a new deposit with a verified account, it should be automatically posted. The minimum balance required to open an account with LimeFX is 100 units of your base currency. If you’re a U.S. trader, this means that you can open an account with as little as $100. However, LimeFX recommends that most traders maintain at least $2,500 in their accounts, which helps prevent automatic position closeouts due to a lack of available margin.
The program is open to anyone who opens an account with at least $10,000 or who trades $25 million of volume in a month. The program is not open to DMA account holders, as that account already has volume-based limefx official site fee reductions. LimeFX, founded in 2001 as part of GAIN Capital Holdings, is an established global online broker that caters to individuals seeking to trade the retail FX and CFD markets.
Besides, users can choose 80 currency sets, CFDs, metals and commodities. We get to know from LimeFX reviews that FORELimeFXr PRO is one of the leading platforms provided by this broker. Customers outside the U.S.do have access in addition to all the forex sets, CFDs on stocks, indexes, and commodities.
Please come back often as broker services are very dynamic and can improve or deteriorate rapidly. Never felt like they took my money but the commissions are a little higher than your usual broker. We understand and appreciate your frustration in this matter. They «liquidate» trades that are down even the slightest making swing trades nearly impossible. On the same exact trades, I’m up 40 percent on LimeFX and down 30 percent on LimeFX. 2- manually liquidation process by London trading desk not automatic by system then they provide you a fake price.
It’s 1 of the most comprehensive currency trading providers in the world. In addition, every broker we surveyed was required to fill out a 320-point survey about all aspects of their platform that we used in our testing. Many of the online brokers we evaluated provided us with in-person demonstrations of their platforms at our offices. Client funds are kept segregated from the funds of LimeFX, which helps safeguard clients’ money in the event the company has financial issues. Clients also have additional asset protection through the Financial Services Compensation Scheme , up to £85,000, while Canadian clients are protected by the Canadian Investor Protection Fund. U.S. clients are not as fortunate, as no additional insurance is provided by the company in terms of safeguarding their funds.
Fees
From LimeFX reviews, we found that its customer service also offers Phone and online live chat support are accessible to both present and prospective customers. Between 74-89% of retail investor accounts lose money when trading CFDs. LimeFX provides traders with multiple account types to choose from. You can test drive a demo account, explore their services, and even trade with virtual money without making any kind of deposit. Established in 2001, LimeFX is a global forex and CFD trading broker dedicated to serving their users with the best tools and experience available in the industry. A recipient of several best forex broker awards, the full-fledged forex trading platform has built up its reputation through years of seamless service.
STP Pro trading accounts give traders access to multiple levels of real-time pricing and liquidity. This type of account is best for high-volume FX traders who want to see a real-time view of the FX market. While client service is yet to be improved, LimeFX delivers an incredible service to its clients of all experience levels. On the brighter side, it offers low forex fees, high-quality research tools, various currency pairs, and educational tutorials from beginner to experienced traders. The website also includes trading tools and trading-related information to speed up the trades. A broker of this type can be suitable for experienced traders and beginners might be at risk of losing money quickly.
When I withdrew I received an email saying it could take 2 business days to get my money. I called tonight and was told it could take 5 business days. I mean I haven’t seen it available as an option at their website. But overall, this broker is a very very good broker and lives up to its hype. That limitation is done with a purpose to limit potential losses, as high leverage may impose trades quickly in reverse as well. Thus, you and any trader should use leverage levels smartly and learn how to do it correctly for a particular instrument.
This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. New investors will find some helpful background information, but relying solely on LimeFX’s education to become proficient in the markets is unlikely. That said, the material covers all the major topics that a beginner should need to know.
And, if you needed any more convincing, LimeFX has also been awarded many major awards over the years, including Best Forex Broker by readers of the Financial Times. We appreciate the sheer amount of effort that has clearly gone into explaining the costs, even if there are still some details missing. We do, however, wish they did a better job of structuring and laying out this information. It’s a minor criticism, but one we think is worth making considering that a big draw to a LimeFX open account is transparency. And they are transparent here – we just wish they could break up the information into easier to consume bites. It’s something that’s utilized by serious business professionals and in this environment, there comes a certain level of knowledge required to use them responsibly.
Remember, margin trading comes with higher risks with high rewards. Whether you’re a regular trader or have tons of money to invest in the FX, stocks, or any other market, LimeFX has a solution for you. You need to deposit a minimum of $50 via credit card or debit card or wire transfer. Having said that, we advise you to trade with caution to avoid incurring heavy losses in funds.
What is the minimum deposit at LimeFX?
This section of LimeFX features tips and market reports based on experts’ analysis of the market. Furthermore, you can use its margin calculator and charting tools to place a trade. In short, LimeFX’s ‘Market Analysis’ section is easily accessible and extremely helpful for traders who lack market knowledge.
LimeFX has a dedicated ‘Education’ section, where you can find an impressive collection of interactive trading courses and other educational offerings designed for all types of traders. These courses are categorized into three levels based on the trader’s skill level – beginner, intermediate, and advanced- presenting useful information in the form of articles, charts, and videos. All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn`t imply direct instructions for investing. TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site. Forex pairs, cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.
I’d like to view LimeFX’s products and services that are most suitable to meet my trading needs. I also recommend checking the costs from the payment processor to the bank account unless a debit/credit card is available. The LimeFX minimum deposit is $100, but the recommended amount for the Standard and Commission accounts is $1,000. LimeFX recommends $25,000 for the DMA alternative due to the minimum transaction size of 100K.
LimeFX Withdrawal Fee
We’d be astonished if LimeFX is anything less than good based on the sheer amount of people singing its praises. Digital assets are risky, check out the Risk Disclosure Document on your platform of choice for more details and consider getting advice from a professional. In the few instances when they had technical issues, the trades/errors were reversed. It also has gained approval from several major regulators, including the NFA, CFTC, FCA, FSA, IIROC and CIMA. Just make sure to keep the minimum withdrawal amount in mind. LimeFX allows mobile trading with its fully functional app for both Android and iOS users.
- Being NFA/CFTC/FCA-regulated lends credibility, underscoring LimeFX’s status as a global online broker.
- At the end they have all your document copies, your private and confidential information and reject to open an account.
- It is a simple process to fund your account, HOWEVER, when it comes time to withdraw funds, the situation changes.
- There are also no charges to withdraw money using BACS or SWIFT payments.
- LimeFX recommends $25,000 for the DMA alternative due to the minimum transaction size of 100K.
With its user-friendly and customizable trade setting feature, the Advanced Trading Platform is the best choice for experienced traders to leverage the forex market. There is a large selection of tools providing real-time trade updates to create automated strategies beforehand. Further, it is backed by Trading Central and its modules, including Technical Insight, Market Buzz, and Analyst Views.
Fraudsters use Forex Ponzi schemes to advertise non-existent forex funds that guarantee a high level of return in a short space of time. Fraudsters will often use the name and registration number of an authorised forex broker. You should always check the FCA register and use only the contact details listed there. It https://limefx.group/ is common for scammers to give reasons why these numbers are wrong such as being out of date. Forex trading scams are when criminals trick people into investing in fraudulent foreign currency schemes. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors.