The interests of LimeFx’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim. Last year’s analysis by Finance Magnates showed that football is the most popular sport among brokers, surpassing racing, golf, esports, and regionally popular sports. I am very dissatisfied with this broker because they did not give me the correct answer. My stop was activated for one order and my stop limit was 16 dollars or even less in the registered transaction, but the transaction was closed at 50 and I lost. LimeFx allows withdrawals by bank wire, credit/debit cards, cryptocurrencies, and e-wallets. Access the “Withdraw” area in your LimeFx Personal Area to see available choices and follow step-by-step instructions.
How many forex pairs does LimeFx offer?
Traders get the MT4/MT5 trading platforms as customizable desktop clients, lightweight web-based alternatives, and user-friendly mobile apps. Football is the world’s most popular sport, with billions of fans across the globe. By sponsoring football teams or events, brokers can gain massive exposure to a diverse, international audience. This aligns well with the global nature of forex and CFD trading, allowing brokers to target potential clients in multiple markets simultaneously. The deposit and withdrawal fees are designed to encourage traders to fund and maintain their accounts properly. Deposits are often free of charge, encouraging accessibility and convenience of trading commencement.
- In our tests for the Trust category, we also evaluate factors relating to stability and transparency.
- The minimum deposit is $100 for all account types except for the ECN account, which requires $200.
- The LimeFx lineup of platforms can cater to both beginners and advanced traders.
- Deposits are often free of charge, encouraging accessibility and convenience of trading commencement.
Withdrawals
In our trust category, we place the most importance on how a broker is regulated. This section will cover how the different entities of LimeFx are regulated and how this impacts you as a trader. We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust. LimeFx supports credit/debit cards, cryptocurrencies, ADVcash, and Perfect Money.
The Money Never Rests
Spreads and swap fees are clearly detailed in the Trading Instruments section of the website. Prospective clients can review the Customer Agreement on the Documents page. The About page covers limefx company reviews the company history, mission statement, how client funds are protected, and awards. LimeFx has focused on delivering fast order execution, with trades executed in as little as 0.03 seconds.
Copy Trading
The in-house mobile app offered by LimeFx provides the convenience of trading on the go. The seamlessly integrated app enables users to access market information easily, live price charts, and execute trades. LimeFx provides MetaTrader 5, the latest upgrade in trading technology. This enhanced platform has faster execution times, more order types, and a wider range of technical analysis capabilities.
Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry. The MetaTrader 5 mobile app also provides many order types, including pending and stop orders. However, trailing stop-loss orders are only available from the desktop. To change the language of the MT5 app, you must change the language for your entire phone.
Unfortunately, we do not provide services to citizens and residents of this country. The customer service is great and fast when it comes to handle an issue. You can trade forex, metals, cryptocurrencies, indices, shares, and several other instruments with LimeFx.
Overall, I judged that there is room for improvement in transparency. The LimeFx LinkedIn page could be improved by properly listing the company name. Although we can see where the offshore entities are registered and licensed, it is not clear where the company is headquartered. LimeFx has a long operating history of 16 years, placing it among the older forex and CFD brokers that give a positive signal. The three entities of LimeFx are listed in the website’s footer, with details such as registration and license numbers. The secure LimeFx back office handles all financial transactions for verified clients.
Deposit payment processing times are instant, except for cryptocurrencies, which can take up to one hour. LimeFx offers 43 currency pairs, a choice suitable for most traders. Traders also get 18 commodities, 16 indices, 27 cryptocurrencies, 2 bonds, and 437 equity and ETF CFDs. I like the overall range of assets, as it provides most traders withall they need to achieve cross-asset diversification. Information about new deals between sports clubs brokers and financial firms appears very regularly.
Yes, currency conversion costs may apply to transactions in a currency other than your account’s base currency. For busy traders who require a constant connection and portfolio management capabilities, https://limefx.club/ the LimeFx app is a practical tool that proves highly useful. LimeFx offers an Islamic Account designed specifically for Muslim traders that follow the principles of Sharia law.
LimeFx calculates margin requirements depending on transaction size, account type, and leverage. A margin call happens at LimeFx when your account equity falls below 50% of the margin needed to maintain open positions. LimeFx does not publish an inactivity charge, indicating a trader-friendly approach to account administration and upkeep; nonetheless, traders should always check current terms. However, withdrawal fees vary based on the method chosen, with certain alternatives incurring a price to cover processing expenses. Yes, LimeFx does provide a demo account for practice and strategy testing.
There is some great educational content on the LimeFx blog, covering practical topics like how to set up your MT4 platform professionally and what the MACD indicator is. I assess the articles as concise, insightful, and providing traders with concepts that can be quickly applied in the market. More in-depth analysis is available in the Main Trade Ideas section of the website.
Help is available in multiple languages to assist clients across various global regions. LimeFx offers the popular MetaTrader 4 and MetaTrader 5 platforms and an intuitive web-based platform. MetaTrader provides robust charting, and a wide range of order types, and can cater to algorithmic traders. The LimeFx lineup of platforms can cater to both beginners and advanced traders. We performed tests with a Standard account using the MetaTrader 5 desktop/web platforms and the MetaTrader 5 mobile app.
Experienced traders frequently opt for the ECN Account, as it provides direct market access, extremely low spreads, and lightning-fast execution times. One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account.
We opened accounts with the LimeFx LTD entity of LimeFx, supervised by the Mwali International Services Authority (MlSA). Some features and services may vary depending on where you reside. Founded in 2007, LimeFx is a veteran of the forex and CFD industry.
