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Retail pricing is in line with the industry average but lags below market leaders. People will be required to answer a few questions designed to evaluate their trading experience, expertise, and objectives. Traders can follow the occurrences of the markets, and they can also measure their ripple effects. If the protected trade is closed by a stop out or manually, the coverage will stop at that point. If there are any reimbursed losses, it will be credited in the form of liquid cash or without any withdrawal procedure restrictions.
Of course, there is an LimeFX demo account available for all traders too, free of charge. LimeFX provides a wide range of services, from user-friendly trading platforms to great educational content. Compare selected brokers by their fees, minimum deposit, withdrawal, account opening and other areas. Filter according to broker or product type, including stocks, futures, CFDs or crypto. The LimeFXGo trading app, is an exceptional end-to-end solution for anyone interested in the world of CFD trading for forex, stocks, indices, and so much more. App users can trade forex pairs, precious metals, energies, agriculture, shares, indices, options, etf’s, bonds, vanilla options for forex and more.
How do you withdraw money from LimeFX?
Therefore, LimeFX is also regulated by the ASIC, the BVIFSC, the FSA, and the FSB, which provides further credibility to the broker’s service offerings. The broker is slated to increase its presence in other countries, which will further enable the company to expand its reach and exposure in new markets. We limefx official site would like LimeFX to set up an office in the USA and become regulated by the CFTC and NFA, which will help in increasing the trust among traders exponentially. LimeFX is a commission-free broker in which the fees are built into the spreads. These spreads are quite low compared to the industry average.
This means that you can feel safe and be sure that no matter what happens, your funds are kept safe by the broker. Because there are so many agencies that regulate the Forex broker, the services that it offers to its clients are exceptionally safe. The Forex broker owns two separate licenses from the European Union member states. Because of the licenses that broke Browns from CBI and CySEC, it is available to offer the whole European market Forex trading services.
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However, all brokers are also required to adhere to the stringent EU guidelines that are designed to prevent any instances of financial scams or consumer abuse. LimeFX provides its services to traders from 150 different countries, but for those of you who must know, LimeFX does not have any presence in the US. https://limefx.name/ The absence of a physical office in the United States and the lack of any regulatory clearances from the CFTC or the NFA prevent the company from entertaining traders from the US. However, the broker has set up different LimeFX establishments in the European Union, Central America, Asia-Pacific, and Africa.
- This is because LimeFX carries out a security verification for each card when it is used for the first time.
- So, you can choose to compare the services offered by different brokers.
- LimeFX was founded in 2006 with the major aim of providing an excellent environment for forex traders to carry out their trades effectively.
- Especially with minimal deposits, no account management fees, and a minimal LimeFX requirement of 0.01.
- Alternatively, you can sign up using your Facebook or Google accounts, which is an extremely fast way to sign up, with just one click.
Ava trade broker is one of the brokers that are reliable for users to use in order to achieve maximum profit in their businesses. All services are free, so you to take advantage of the opportunities that Forex trading offers. AvaOptions – specially tailored platform for traders, who have decided to trade with different options on the website. Activate the one-click trading functionality by clicking on the ‘Tools’ tab in the main menu. The one-trade function is available under ‘Options’ in the ‘Trade’ section.
LimeFX Forex Broker Review
LimeFX’s customer assistance is available via live chat, email, and phone 24 hours a day, 7 days a week, in 15 languages. Ultimately, LimeFX provides some of the highest quality customer service, with limefx broker reviews prompt and dependable responses and a vast array of free international phone lines. LimeFX’s minimum deposit via Credit Card or Debit Card is $250, while the minimum deposit via wire transfer is $500.
MT4 also supports EA automated trading, which can execute multiple orders at the same time. LimeFX also uses the MT5 trading platform, which includes more than 600 global high-quality contract stocks, including more period options and technical indicators. Both platforms support multi-terminal, also available for PC, iOS, Android, or Web use. You’ll really struggle to find another broker that offers so many trading platforms as LimeFX.
Trading Costs
It was created as the company’s ongoing commitment to customer satisfaction and success, which is available only on LimeFX. The LimeFXGO App can be downloaded from the Google Play and Apple app stores. You will have to detail the conditions under which you will make any trading decision in the market. This includes trading hours, trade entries, trade exits, stop loss and take profit levels, indicators to use, as well as how to deal with economic news releases. Well, during our review of LimeFX, we held a £1,500 S&P 500 position for 1 week and the total fees were just under £1. However, similar forex positions we held during our review of LimeFX saw fees around £10.
There are several things that you can do to maintain the safety and security of your funds. One of them that really works is only trusting regulated Forex brokers. The quickest and easiest way to contact customer support is through live chat, which is available 24/5. LimeFX considers trading and education a crucial component of its ability to allow traders to trade with confidence. The LimeFX ebook, “Forex First Steps”, was written with new clients in mind, as it introduces the Forex trading realm to first-time traders. Automated Trading– Includes Mirror Trader and ZuluTrade, which enable traders to copy the trades of experienced traders even when they might be away from their computer.
Standard account can be opened with as little as $100 using debit card and credit card. When the market goes down, your trade is protected and LimeFX safe from any market fluctuations during that specific period. Simply put, the amount will be reimbursed by LimeFX if the user’s accounts lose money at the end of the protected period directly to the trader’s account with LimeFX.
FX options also offer a great hedging platform for spot trades. For instance, if you have an open buy position on the EURUSD pair in the spot forex market, you can hedge the position by buying a EURUSD put option contract. FX options are also suited for any trader that has a directional bias in the market. The flexibility of contract types allows for bearish and bullish markets to be traded efficiently with a minimal, defined risk and lucrative profit potential. LimeFX is a Forex and CFD trading platform that is regulated by several top-tier financial authorities and benefits from more than 20 years in the business. Traders can invest in everything from indices and ETFs to commodities and lots of stocks and shares on LimeFX.
However, the FCA does not regulate it, which is known for its strict market regulations. It does not provide 2FA (two-factor authentication) to log in to its trading platforms. Please note that by investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk and you can lose all your deposited money. You should engage in any such activity only if you are fully aware of the relevant risks. BrokerChooser does not provide LimeFX or any other advice, for further information please read our General Terms and Conditions.
First, if you fund your account in the same currency as your bank account, you won’t be charged a currency conversion fee. Second, if you trade assets in the same currency as your account base currency, you will not have to pay a conversion fee. If you are an experienced trader, you can request LimeFX to open a Professional Trading account for you, where the leverage is higher than in the Standard account. This requires that you have relevant experience in the financial sector and sufficient trading activity in the past 12 months, and hold at least €500,000 portfolio value. The fee structure is very transparent and trading costs are easy to calculate. However, if fee levels for forex pairs are your most important consideration, then there may be better alternatives.
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Where trader can choose from over 40 currency pairs and any comination for CALL and PUT options from the single account. Simply put, LimeFX reimburses the members for losing the trades at the end of the protected period directly to the trader’s account. This team gives highly competitive spread and a huge range of assets LimeFX, daily market analysis research instruments, affiliate programs & 0.9 pips is an average spread cost. Increase your revenues by promoting LimeFX’s complete asset index.
Trader can easily set underlying asset and strategy trader would like to trade. By using an economic calendar, traders can have a deeper understanding of critical market movements that can affect trades and prices. Promote an established, highly forex regulated brokerage with a strong international presence and regulatory licenses across 6 jurisdictions. LimeFX has built a global reputation for excellence over the last 15 years, and is an innovative and reputable brand.
LimeFX offers various deposit and withdrawal options, all of which are free of charge. It also has diverse and user-friendly research and education tools. On the flip side, the product portfolio is limited as it consists only of forex, various CFDs (for stocks, indexes, commodities, etc.) and cryptos. Inactivity fees are high, and forex trading fees are not the most competitive on the market. BrokerChooser gave LimeFX a 4.3/5 rating based on analyzing 500+ criteria and testing via opening a live account. LimeFX is a secure forex broker that has a track record of providing premium user-oriented platforms, customer services, forex brokers, and trading forex, CFD.