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You can also email or call them on their local numbers as well as send messages to their social media accounts. Since clients can social trade, LimeFX offers “the ultimate guide to copy trading”. Since it is not as simple as copying someone else’s position, it guides you through the basics of copy trading, its history, the platform, and questions you should ask yourself before entering a copy trade.
- The platform also gives traders a free demo account and trading simulator, while also allowing custom algorithmic trading bots to be built by professional traders who want to get the most out of their setup.
- Metatrader 5 is available for download use on laptops or desktops, but not for small screen users, who will need to continue with Metatrader 4.
- Customer service representatives are English-speaking and available 24/7 by email, live chat, direct telephone or social media.
- LimeFX charges fees on most of the withdrawal options as the following images show.
- If you overpay, credit will be applied to your account; this allows you to prepay if desired.
It is possible to start and stop to copy the trades at every moment. There is no restriction and the decision is solely up to the investor. Finally, the brokers also provide some digital material and free educational courses to learn Forex trading and some video tutorials free and available to everybody.
Our Opinion About LimeFX
Although it is still considered a newcomer to the online FX trading scene, within a span of few years. The LimeFX review has succeeded in carving out a name for itself by winning accolades from industry experts and several industry awards such as “Fastest Growing Forex Broker” and “Best Newcomer 2013”. LimeFX is a broker that truly suits the needs of traders of all skill levels and preferences. Its offering covers more than 240 tradeable instruments, including a number of currency pairs, various CFDs, as well as ctyptocurrencies. Besides, clients of this broker may choose from market and instant execution, MetaTrader 4 and MetaTrader 5 trading platforms, and a wide range of trading accounts.
So be careful make the right choices and only use your banks or the best broker out there not low class companies that controls your trades from a desk in another country don’t make that mistake. It is regulated by several financial authorities, including the UK Financial Conduct Authority and the Cyprus Securities and Exchange Commission . According to the company, 81% of retail investor accounts lose money when trading CFDs with them. LimeFX offers MetaTrader 4 , one of the world’s most popular trading platforms. MT4 can be downloaded to desktop devices, accessed via the webtrader, or installed on mobile devices. 30 built-in indicators, 2,000 custom indicators and 700 paid options are available.
The Standard Account
With 1000+ markets and low variable spreads LimeFX provides an excellent trading experience. You can choose between six different types of LimeFX trading accounts. Three are three Standard accounts and three ECN solutions. ECN accounts offer tighter spreads and faster executions in return for higher minimum deposits. There is also a pro account with larger leverage limits for high-volume traders.
You can monitor live rates and adjust positions with a few swipes. It gives you access to live currency rates as well as your trading dashboard. The page on the right should immediately offer all the deposit methods. You are not ready to choose how to credit funds into your account clicking on one of the green “deposit” buttons. You will now be asked to complete a few steps before you start trading on your real account.
- Only established in 2011, 2 Million people have already registered and used LimeFX as their forex broker.
- Any real or simulated result shall represent no warranty as to possible future performances.
- It’s user friendly interface and valuable tools have garnered a large following of traders who want to use the platform in conjunction with other trading platforms to maximize trading activities and success.
- LimeFX implements standard security features such as network traffic encryption, pseudonymisation, data encryption, and two-factor authentication, which is common among all reputable brokers.
To confirm our statement, and to see how much it costs in total to trade 1 lot of EUR/USD, for example, we will convert the current trading commission of $4.63 into pips and add the average spread. So, the result is 0.46 pip, plus, with an average spread of 0.2 pip, the total cost of trading 1 lot of EUR/USD with the Advantage account is 0.66 pip – quite advantageous indeed. The CySEC licence allows Forextime Ltd to offer online financial services in Europe , according to the guidelines set out on the MiFID document. We consider LimeFX to be one of the most trusted brokers out there. The broker has excellent customer support; you can contact them in any way that’s convenient for you, including by phone, email, and a website-based live chat.
Still, there’s a good range of accounts and payment requirements available. You can quickly and easily check live rates for Forex currency trades. Trades are executed quickly, meaning that your trading decisions can achieve their full potential, as you don’t need to wait around whilst prices change.
The size of the minimum deposit at LimeFX depends on the account type you choose. For withdrawals, the client fills out a standard request form that is generally processed within two business days. There is no minimum withdrawal amount, and the only limitation is that funds must be transferred to an account with the same name as the LimeFX account holder. This is a copy trading feature that enables fellow investors to copy your trades.
Currently, only Exinity UK Ltd offers a retail deposit compensation scheme. Exinity UK Ltd is a member of the Financial Services Compensation Scheme , an independent compensation fund of last resort for retail clients of authorised UK financial services firms. Also, our team was impressed by the number of training materials that the trading platform offers. LimeFX constantly shares useful videos, guides, tutorials, e-books, and even blog posts with its customers. This allows the trader to always be up-to-date and to constantly develop their skills.
Best Alternate in Sweden for LimeFX
In addition to FX pairs – which are apparently the bread and butter of the brokerage – ForexTime also offers a series of CFDs, based on various other asset classes. Spreads, that appears to give their clients an exceptional broking service. And acquaintances who may share an interest in ForexTime trading platforms. Streaming news feeds, advanced charting tools, mobile and email alerts and trading signal subscription option and social trading features. Ocalized support is provided to traders based in China, Cyprus, France, India, Indonesia, Czech Republic, South Korea, Spain, United Kingdom, Thailand, Malaysia, Poland and Nigeria. You can reach out to them for technical and trading help.
Here is all you need to know when it comes to LimeFX withdrawals as a trader. The only exception you may find is if you deposit currency does not match a base currency then you may have to pay a conversion fee. There are several deposit methods you will find available when trading at LimeFX. This includes wire transfers, credit/debit cards that are Visa, MasterCard, or Maestro, and a range of eWallets including Skrill and Neteller. As mentioned, you can benefit from the fact that real stock trading is available here at LimeFX. This means not only do you own the underlying asset, but you don’t have to worry about any overnight fees as are charged on all CFDs.
The LimeFX Trader App is automatically connected with the trading account. You just need to log onto it with your email and password. The spreads go from 0 to 11 depending on the interested currency. In terms of cryptocurrencies https://limefx.biz/ offered, the broker is seeking to extend the range of cryptocurrencies offered. At the moment, LimeFX has only 4 cryptocurrencies available on its assets. This shows how LimeFX is a legit and safe broker to trade with.
LimeFX Review – Is Forextime LTD a scam?
The broker will also send an email with all the login details for the account. Safe – No one, except you, has access to your personal details or money. That’s why I chose to open an account at LimeFX and I’m happy I did. We have prepared this guide to help you understand Google shares and invest in them. Follow our instructions to buy and trade cryptocurrency profitably and safely. LimeFX was set up in 2011, and was originally constituted and regulated in Cyprus by the Cypriot Securities and Exchange Commission.
The only difference is that to open the trading window you need to press F9 or “New Potion” from the top menu. You will also need to upload a copy of your ID or Passport, and a proof of residence. This is something all regulated brokers ask for in order to prevent problems of money laundering. Once inside your dashboard, you need to answer the standard questionnaire about your trading experience which is required by law. The most impressive thing about this offer is the free webinars.
- The volume of educational resources available on LimeFX’s site is impressive.
- FX Guys provides you with the latest Guides, Reports, Brochures & News written by experts in Foreign exchange.
- Both Android an iOS versions of the mobile platform is available.
- Fxexplained.co.uk is an affiliated partner with various forex brokers and may be compensated for referred forex traders.
They also offer only 3 base currencies in the USD, EUR, or GBP. As expected from such a major broker, there are numerous positive points to consider. The first of these is the good range of account type choices you will find. An Advantage Account, Advantage Plus, Micro Account, Islamic and Professional limefx company reviews account are all offered. ForexTime, better known as LimeFX, is a well-known forex broker famous worldwide, but especially among African traders. Am dissappointed by LimeFX to rate a strategy manager by the Name LuvRanjan at number 3 in terms of returns and number two in terms of level of risk.
How Long Does It Take To Withdraw From LimeFX?
74% of retail investor accounts lose money when trading CFDs with this provider. In addition to the above features, LimeFX also offers users a quality demo account so you can try the platform for yourself before investing any money. It’s important to note that LimeFX in Europe only accepts professional clients as of March 2021. As pro traders are sufficiently experienced, the LimeFX demo account is not available for them. LimeFX offers customers a nice set of more than 250 instruments including Forex trading with over 50 currency pairs.
They are most likely behind some of the negative feedback. ForexTime offers standard MT4 mobile apps for iOS and Android-based mobile devices. The apps carry most of the functionalities offered by the full, downloadable version of MT4.
MT4 already has one of the very best reputations in the industry. This comes as a top trading platform that has been around for many years offering the very best in trading experience and customizability beyond all others. This kind of execution could lead to a requote if the price is not available, and the broker acts as a counterpart with this type of execution. Here is a closer look at each and every account type you can expect when you start trading at LimeFX.
Commission percentages are relatively low for Forex traders and around the industry average for CFD trades. With ECN account options, spreads can be as low as zero pips, along with low commissions of $0.2 per lot. With the Standard Account, spreads start a little higher, but remain very competitive. This average spread on major forex currency pairs like GBP/USD and EUR/GBP is 0.5. Established in 2011, the LimeFX Group is a global leader in online trading, bringing the opportunities of financial markets to global audiences, wherever they are and whatever their financial ambitions.
Tight spreads are competitive on commodities (starting at 0.5 with a standard account, but as low as 0.1 on ECN accounts). Variable lot sizes allow you to control your activity with micro, mini or standard lots. The third option is their forex trading mobile app called LimeFX Trader. It can be downloaded on both android and iPhone to trade on the go and keep an eye on the live currency rates. It allows you to open or close a position that was traded on another device, being compatible with your other platforms and devices. Besides, LimeFX offers advanced copy-trading solution, called LimeFX Invest.