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Users can make deposits and place trades without worrying about any deposit fee or commissions. However, when it comes to withdrawals, the company reserves its right to charge a small fee based on the traders’ inactivity. Additional fees may apply, in case the Client wishes to withdraw less than €100.
Our reviewers found that LimeFx is a good choice if you’re a beginner looking for educational materials and courses. Whilst we understand that new traders may want to choose a more established brand, the platforms and security measures here are as good as any. If you want to discover how LimeFx could help to boost your trading journey, read on now. Yes, the broker is a good brokerage firm and the traders are not at a high risk of losing money.
Like many online brokers, LimeFx offers its clients an online education portal. It houses a range of educational resources, aimed at both beginner traders and those with a lot more experience. There is a video on demand library, split into sections aimed at beginners and advanced traders, with a whole section on MetaTrader. There is also a section of explainer videos focusing on specific trading terms, such as pips and short and long positions. LimeFx offers all available instruments as contracts for difference . If you have not traded CFDs before, you should do your research before diving in.
Support center
The LimeFx website displays all required legal documentation, including important policies, disclosures and risk warnings. You will find a range of information there, including their terms and conditions, privacy policy and complaints handling procedures. LimeFx is an award-winning CFD trading platform which takes user safety and security very seriously.
You can fund your account via bank wire transfer, credit and debit card, Skrill, Worldpay, Solidpay, and eMerchantPay. First things first, let’s start our in-depth LimeFx review by checking out the broker’s background and regulatory measures. Read our complete review to find out more about LimeFx and its offerings. MT4 has hedging, expert advisors, time frames, charts and patterns, strategy making, technical and fundamental analysis of the market, indicators, and stop-loss facilities. So much within the software, and it is readily available on devices such as Android and iOS. It is easily used through WebTrader and is available for use 24 hours a day.
- Depending on your trading experience, frequency, and requirements, you need to decide which LimeFx Trading Account you wish to open.
- At LimeFx, our reviewers were impressed to find a wide range of depositing methods.
- Hence, you should consider whether or not you fully understand how CFDs work and make an informed decision on whether you are willing to take the high risk of a substantial loss.
- The platform offers four types, although one is reserved exclusively for VIP and professional traders.
- LimeFx offers three main account types you can choose from silver, gold, and platinum.
- The BlackBull Markets site is intuitive and easy to use, making it an ideal choice for beginners.
Since the broker is operating out of Europe, the regulations permit LimeFx to provide cross-border services to countries in the EU and beyond. Likewise, professionals have the advantage of higher leverage, low spreads, live global economic/corporate earnings calendars, several trading tools, and the amenities to carry out automated trading. However, this broker offers services only to individuals residing in the EU, the UK and Switzerland. Before you decide to go with this CFD broker, you may want to check if LimeFx provides services in your country of residence. Regulation is vital on the Forex market, which is the largest and most liquid financial market in the world, defined by high volatility and risk.
It is a wireless technology that secures trading online with easy access through mobiles. Traders can manage portfolios and other market activities through mobile trading apps—a handy and user-friendly application for clients of LimeFx. The mobiles we all use daily are the most comfortable and reachable option for CFD trading online. The trading platform is accessible and could be used on different devices using the browser. Spreads may vary for different accounts, financial assets, and instruments. For example, forex spreads 0.7 pips for EUR/USD, for EUR/GBP spreads 0.9 pips and for GBP/USD 1.3 pips.
Advantages and disadvantages of LimeFx Review 2023
MetaTrader4 provides traders with the facility to customize the platform as per needs, and other than this has many features like market order execution modes for future trade decisions. With a deposit of minimum funds, traders can start trading in the forex market. LimeFx launched a new account tier this year called bronze trading account. Our experts agree that LimeFx is a reputable online CFD broker and it is generally considered safe to trade with it. The broker is based in Limassol, Cyprus and is fully licensed and regulated by the relevant authority for that jurisdiction, the Cyprus Securities and Exchange Commission .
It is not a scam but a well-authorized broker to trade and facilitate trading. The broker accepts payments via Visa, Mastercard, Maestro, https://limefx.group/ Skrill, Neteller, Trustly, SafeCharge, and Wirecard. Opening an account is simple and quick, and can be done entirely online.
You should consider whether you can afford to take the high risk of losing your money Please read our full legal disclaimer. LimeFx is one of the leading, fastest-growing, multi-asset trading platforms that offer trading in stocks, cryptocurrencies, commodities, and more. 68% of retail investor accounts lose money when trading with this provider. Cryptoasset investing is unregulated in some EU countries and the UK.
Our reviewers will show this works to protect your funds at all times. LimeFx also offers the MetaTrader 4 platform, making it a perfect fit for those who love trading on both desktop and mobile. To open a live account at LimeFx, you’ll need to deposit at least $250USD regardless of what account type or depositing method you choose. Compared to similar brokers, this may seem quite high, yet our reviewers found it to be realistic and responsible. With $250 in your account, you’ll be able to create a solid trading plan that suits your budget.
The traders can sharpen their trading skills and have strategies planned before real LimeFx. The facility is for both beginners and professionals of the trade. They can analyze the market and plan in advance with this account. limefx 80% of retail investor accounts lose money when trading CFDs with this provider. These products are not suitable for all clients, therefore please ensure you fully understand the risks and seek independent advice.
Customer support at LimeFx
The broker provides Forex and CFD services exclusively for traders residing in the EU, EEA and Switzerland, with the exception of the UK. In addition, the broker is registered with such regulatory bodies as CNMV , FI , Finanstilsynet , FSA , FMA , HANFA , BaFin , CONSOB , KNF , etc. LimeFx is a CFD brokerage firm which is dedicated to providing trading service and products at highly competitive rates. The firm was established to offer numerous unmatchable trading services with top-notch quality educational content for all the users on their site. No, as per regulatory restriction, LimeFx doesn’t offer any deposit bonuses or promotions.
Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions. If you have registered as a retail client with LimeFx, the Investor Compensation Fund covers you and co-beneficiaries up to €20,000. The compensation is for claims arising from the failure of a member to fulfil its obligations due to negligence, fraud or bankruptcy.
Demo account
The broker has been providing trading facilities to its clients since 2016. Being a subsidiary of FXBFI broker financial invest, the broker is already registered with the name FXBFI Broker Financial Invest Ltd. The brokerage firm has various features to ease the process of forex trading.
CFD Trading on LimeFx: Getting Started
Clients appeared in all corners of the world, from Afghanistan to Japan, and there were also partners who helped us develop and open local offices. In 2020, we had 14 offices in Malaysia, Indonesia, Bulgaria, Great Britain, Tanzania, Kenya and Nigeria, and in 2021 we met our millionth customer. In terms of license supervision, GE is a regulated member of Chinese Gold and Silver Exchange (No.117) with the highest type AA Trading License. With a history of more than 100 years, CGSE has been trusted and favored by investors and brokers in Asia with its strict rules and regulations and first-class reputation. The exclusive trading views of the top financial analysts in cooperation with GE also help customers to seize market opportunities in trading decisions.
Mobile trader – If you prefer to trade on the go, you’ll be happy to learn that you can log in to your LimeFx account via the MetaTrader 4 mobile applications. These are available limefx scammers for both iOS and Android devices and you can expect the same high-quality platform tools. A special Islamic account for Muslim traders is available for all types of accounts.
In our review, we will give all the details from our research and all of the information you need to know, in case you make the decision to start trading with LimeFx. At the end of our review, you can see what we really think about the broker, but until then – we will discuss the facts and technical details. Frequently, you must browse and read various broker websites, each of which utilizes a different language. It can be tough to select an online broker such as LimeFx. Tutorials – The tutorials cater to individuals who are new to the MetaTrader platform. All in all, this CFD broker has more positives than negatives, and if you are residing in Europe, the UK or Switzerland, you should include LimeFx in your probable list.
The list of cryptocurrencies includes Bitcoin , Ethereum , Cardano , Bitcoin Gold , Ethereum Classic , Litecoin , NEO , Ripple , Stellar , Monero , Zcash , Verge , and others. Whilst the platform lets you invest in Bitcoin CFDs you are not able to buy or sell actual Bitcoin on the site. The main limits which you should be aware of refer to deposits and withdrawals amounts. Please note that the Company’s policy is to refund back to the source of the original deposit. LimeFx will go through your information and documents and will assess your eligibility and therefore proceed with your account verification.
