You can use methods like credit/debit cards, e-wallets and so on. A good thing about the broker is that you can make deposits and withdrawals at any time of the day and be confident that it’ll be processed quickly. We think the LimeFX demo account is invaluable for newbie traders who aren’t quite ready to risk real money.
The registration is easy; the trading is made easy by the demo account feature of the platform. The minimum deposit, in this case, is €100, and the maximum deposit is $5,000. For withdrawal funds using Visa or Mastercard, a withdrawal fee of €1 per transaction is charged from the traders, and the processing requires a maximum of 5 days. Moreover, the broker offers a breaking financial news feed which is available on the website as well as on the LimeFX in-house trading platform. If LimeFX succeeds in one area mainly, it is the sector of education, news, research, and data. The broker maintains an informative blog on its website about forex, trading, and cryptocurrencies.
With over 20 years of financial market and online-trading experience in the group, we’re offering our clients the possibility to trade stocks, currencies, indices, commodities, gold, oil, gas. By reading this forex, you’ll see that this broker gives you the option to invest in a wide range of stocks, indices and commodities such as metals, agriculture, oil and gas. The broker also allows you to invest in ETFs and it features an impressive forex trading service. From here you can simply deposit your funds with one of the many payment methods. Most deposits will show up in your account in just a matter of minutes.
Is My Money Safe With LimeFX?
MT4 is famous for its good indicators and good functions, and no wonder a good broker like LimeFX chose this platform. Advanced traders and seasoned investors will be all too familiar with the MetaTrader suite and the plethora of trading tools and instruments that you can use. MetaTrader is a third-party trading platform created by MetaQuotes Software Corp. that can be linked with your LimeFX trading account. MT4 and MT5 both offer fully customizable trading terminals, as well as automated forex robot services.
Whatever you are looking to trade the varying LimeFX account types will be able to provide you with what you need. LimeFX safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. LimeFX also urges its clients through its web platform to always look for the SSL security sign on the browser while operating LimeFX. If a market order is not fulfilled by your brokerage usually no commission is charged. Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf. Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.
CTrader is a comprehensive trading platform solution for Forex and CFD brokerages to provide to their traders. The platform is packed with a complete variety of features to cater to each and every investment taste imaginable. MetaTrader 4 also known as MT4 is the number one trading platform on the planet and has been in active use on financial markets since 2005. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.
LimeFX require a minimum desposit of 100 GBP/USD/EUR when opening an LimeFX trading account. When choosing a broker like LimeFX the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers.
- LimeFX offers customers services between Monday and Friday from 8 am to 8 pm through various platforms like Telegram, WhatsApp, Facebook Messenger, and Live Chat.
- I do understand people can get frustrated when they feel like they get impossible questions, only when they want to withdraw money.
- The processing times and fees depend on the payment processors, while LimeFX does not levy internal costs.
- From here you can simply deposit your funds with one of the many payment methods.
LimeFX isn’t available in the US, but it’s a strong option if you’re based in Canada, Europe, or elsewhere. LimeFX has established itself as one of the best low investments cost forex trading platforms. This online broker offers CFDs for 50 different currency pairs, as well as dozens of commodities, cryptocurrencies, and stock indices.
Step 3: Start Trading
There are some amazing features that this online broker offers to its clients. Tom is an experienced financial analyst and a former derivatives day trader specialising in futures, commodities, forex and cryptocurrency. In Economics and Management and his work has been published on a range of publications, including Yahoo Finance, FXEmpire and NASDAQ.com. As a matter of fact, LimeFX offers a wide range of 40 cryptocurrency pairs including exotic crypto pairs. Those include bitcoin, ethereum, bitcoin cash, litecoin, Ripple, DASH, Monero, IOTA, EOS, NEO, and more. No, US residents cannot open an online trading account with LimeFX as the broker is not regulated by the SEC (U.S. Securities and Exchange Commission) or CFTC .
Another way LimeFX users can earn extra money is through the Forex Trading Affiliate Program. Through the program, existing users can use their online platforms to invite other users and new traders on the channel, and in turn, they earn a commission. limefx scam Trading fees differ depending on the type of cryptocurrency being traded, the type of trading, and the level of trading account. Brokers also charge a fee when they complete an order, modifies, and cancels an order on behalf of the client.
Any decent LimeFX review will always pay close attention to the licensing the online broker has. This is because a brokers’ licensing tells you a lot about the standards that it will have to live up to when it allows customers to use its trading platform. The LimeFX crypto service is just one aspect of this popular online broker. It was launched as the trading platform of the Forex Club in 2015, and has since become a valuable resource for trading on anything from forex to shares. So keep reading our LimeFX review 2021 to find out more about this trailblazing brand.
All the commissions can be found on the CFD specification page or the trading terminal when you click on an asset. Firstly, you should be mindful that trading on LimeFX is nothing like traditional investments in the sense that you do not take ownership of the underlying asset. Instead, with CFD derivatives trading you speculate on the underlying price of an asset such as forex, shares, ETFs, options, and more. LimeFX review 2021, we’ll have covered all the key metrics from fees and commissions to payment methods and mobile trading. Skrill – The supported currency is USD and the commission charged is US$0.5 or 1.9%, whichever is greater.
The minimum withdrawal is 10 EUR while the maximum single withdrawal through a bank card is 10,000 EUR. The broker provides multiple customer support options that include phone, email or live chat. The platform includes a news feed section and a useful top menu of various markets, popular, top rising and falling assets on the day. Foreclub does not prevent traders from trading and gives profit. For several years I have never had any misunderstandings with them. I think misunderstandings occur in newcomers, because of their illiteracy.
Not only does this come in the form of cryptocurrencies – but can also trade ETFs, stocks, forex, metals, agriculture, indices, and gas on CFDs. We’ll start with a little bit of background information on the company, before moving onto what you can trade and what fees you should expect to pay. By the end of reading our LimeFX review in full, you should be able to make an informed decision as to whether or not the broker is right for your personal trading needs. LimeFX does not provide any research tools on its website, however, the MetaTrader platforms come with a very comprehensive suite of charting and analytical tools.
Compare With Similar Services
The suspended CySEC subsidiary offers PayPal, Jeton, Sofort, iDEAL, Trustly, GiroPay, SEPA, Multibanco, P24, BLIK, Rapid Transfer, eps, and vouchers via Paysafecard and Teleingreso. I want to single out the competitive commission-free pricing environment and the cryptocurrency selection at LimeFX. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission-free LimeFX account.
Please be aware that CFDs and other investment products are usually regulated in the EU and may only be sold to end customers by licensed providers. Opening an account at LimeFX requires only a valid e-mail and desired password. It grants access to the back office, where trades must confirm their e-mail, phone number, and trading account. Traders must send a copy of their ID and one proof of residency document to pass AML/KYC regulations. I prefer an account opening process handled from one application rather than the split approach at LimeFX.
Launched in 2005, and also called MT4, MetaTrader 4 is the largest trading platform in the world. The software offers a feature-rich, user-friendly interface that can be customized to fit different trading environments. MT4 has been designed to help users fulfill their trading needs as well as boost their trading performance.
We recommend you to contact the Customer service of that broker you are registered and trade in. All these other losers who claims that they “stole” their money are just angry newbies who can´t trade for poop and then choose to blame the broker. Of course they need all the proper info before pay your winnings, that shows you that they care for all things legal and that´s always a good thing. More than 3 years as a customer and more than U $ D3000 deposited and I have 5 days waiting for a miserable resolution of U $ D50 of a transaction whose error was obviously from the LimeFX platform. The agent who attends me is 24 hours to respond, the “analytical support” to solve my case is more than 5 days to verify a clear error of the platform .
LimeFX Withdrawal Fees
Best automated trading platforms such as MetaTrader 4 and MetaTrader 5 are available. Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Opinions, market data, and recommendations are subject to change at any time. Trading Forex, CFD, Binary Options, and other financial instruments carries a high risk of loss and is not suitable for all investors. The information and videos are not an investment recommendation and serve to clarify the market mechanisms.
However, important to note that you should check with customer service your applicable option, as some jurisdictions may be entitled to some particular payment method. LimeFX offers trading applications for tablets and smartphones, both for iOS and Android, allowing you to trade anywhere anytime, even on the go while waiting to your ride to work. LimeFX has enjoyed many positive reviews from many of the 2.2 million customers who use the service worldwide.
It should never be presumed that any investment products, techniques, indicators or any other presented resources will result in profits. You should be aware that investing may result in financial loss. When opening a trading account with LimeFX, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on LimeFX trading platforms here. You will need to provide some basic documentation to prove your identity as part of LimeFX onboarding and normal KYC identity checks.