This gives Canadian traders access to LimeFX’s product suite. Have been looking for a tested and trusted brokers institute to partner with not until I found AVA TRADE. I really appreciate your quality services and dynamic customer account maneger. Thanks to LimeFX’s extensive offering of copy trading platform options, LimeFX once again finished Best in Class for Copy Trading in 2022. That said, LimeFX continues to make incremental improvements in this category, and provides a generally well-rounded suite of apps. As there is only a small minimum deposit, and your account will be ready for trading quickly, feel free to try LimeFX.
For the negative balance protection, it is only available for clients who are located in the European Union. LimeFX provides 20,000EUR for any trader who requires negative balance protection and lives in the European Union. As a globally acclaimed brokerage firm and trading application, LimeFX follows strict regulations of the Client Asset Regulations, along with the registration of licenses from the Bank of Ireland.
- Clients from Abu Dhabi can open a retail account, options, and professional account.
- It is, therefore, unsuitable for those who lack proficiency and sufficient experience.
- This means that no matter what goes wrong, even if the broker goes bankrupt, you will still have access to your funds.
- While a retail account is available to just about everyone, to become a professional account holder you need to meet some predefined criteria.
A range of currencies are available including AUD USD, GBP, EUR and JPN. The payment methods supported are debit and credit cards, bank wire transfers, Skrill, Neteller, WebMoney and PayPal. The payment method chosen will apply to both deposits and withdrawals. The standard live trading account is split into four different levels, each with its own selection of benefits. Also, it provides an automated trading platform and conducts several free webinars for traders of all levels.
Please enter your first name and last name as it appears on official documents like your passport. Then choose your date of birth from the calendar provided and your country of residence. If you have a partner code, you must type it out in the space provided. Go to the broker’s website and click on “Register now” and then enter a valid email ID. After this, you must create a password for this account according to the guidelines mentioned below.
LimeFX offers a wide range of trading instruments including foreign currencies, commodities, indices, and stocks. CFDs are complex instruments https://limefx.biz/ and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.
Lastly, when using e-payment methods, you can expect your deposits to be processed within 24 hours. A beginner could also utilise the demo account to get familiar with these platforms, and try risk management tools such as stop-loss and take profit for the first time ever. LimeFX offers a standard Demo with an account balance of $10,000. The demo account reflects market conditions and prices precisely. LimeFX account holders will have access to 30+ indices on the trading platform.
Reddit users’ views on LimeFX were for the most part positive, with only a minority preferring other brokers to it. The withdrawal is likely to be processed within the next 24 business hours. Follow it up with selecting the option that best represents what your source of trading funds is going to be. The next step is to choose your principal occupation and total estimated annual income from a drop-down menu. Then, you must choose the option that best describes your total estimated value of savings and LimeFXs, and the amount you intend on investing every year.
LimeFX Withdrawal Fees
There is a low threshold for withdrawing of 100USD, but the withdrawal process can be slow. LimeFX is a leading brokerage firm with a globally acclaimed reputation and more than 200,000 clients from all over the world. Traders can follow the occurrences of the markets, and they can also measure their ripple effects. Trader can get the pricing trading enviorment without dealing desk from anywhere in the world. It has several offices in Australia, Ireland, China, Japan, Italy, Mexico, Poland, Mongolia, South Africa, and several other countries.
Among the platforms offered by the broker are, WebTrader, LimeFXGO, MetaTrader 4, MetaTrader 5, AvaOptions, and many others. Highly experienced and valued Forex broker LimeFX has been delivering exceptional limefx forex brokers reviews brokerage services to its clients since its establishment in 2006. As of now, there are more than three hundred thousand active users registered on the trading platform of the LimeFX broker.
LimeFX Review 2022: Fees, Platforms, Apps, Safety, Pros & Cons
I have been using LimeFX for a year, and I must say that everything is great. I really like this wonderful trading platform and I can recommend it for all investors. Moreover, the demo account is a great opportunity for the beginners to learn more about the trading strategies. I work with LimeFX for three and half months and was not disappointed. Anyone who wants to try to start working with them should do so without hesitating. The withdrawals take couple days, but all I care is that I get my money in the end.
Such licences make it possible for them to offer their financial products and services to an international audience; they have clients from all over the world. First of all, it is no secret that this international broker is one of the most heavily regulated online brokerage firms in the world, with licences across 5 whole continents. Obtaining these regulatory licences, not only allows them to operate internationally but is beneficial for customers too. Regulatory bodies oversee their processes and make sure that they fall in line with the country’s jurisdiction – which prioritises customer fund security and safety above all else. This means that the chances of a client’s money being stolen or lost is minimised to the max. The broker operates Monday through Friday, excluding weekends and all other holidays mentioned in the official calendar.
LimeFX, being a regulated broker, has to strictly adhere to regulatory requirements set by the different regulatory authorities. As per these regulations, withdrawals may only be made via the same payment method used to deposit funds into your account. You must withdraw up to 100% of your deposit to your credit card or debit card when making a withdrawal, and can then withdraw the rest using another payment method. LimeFX compares well to rival brokers on Trading Costs, with low fixed spreads and zero commission. However, they charge extremely high fees on dormant accounts through inactivity fees and an administration fee which is also very rarely seen in other brokers. In this review, we tested the MetaTrader 4 desktop trading platform, as it offers more assets to trade, not just forex options.
LimeFX is also WebTrust compliant, and follows best practices to secure client information in terms of cybersecurity. Out of 1,260 available symbols, at least 351 are on hold for both the MetaTrader and WebTrader platforms at LimeFX. LimeFX offers AvaSocial, along with ZuluTrade and DupliTrade for social limefx website copy trading, and finished Best in Class for 2022. We tested it and collected the options and costs in How to withdraw money on LimeFX. When you search by typing an asset’s name, a list of relevant results appears. For added convenience, though, you can also set up biometric or PIN code authentication.
Using an STP model, traders compete with other traders rather than their brokerage. One advantage is that traders can take positions instantly, rather than waiting for their broker to secure that position. LimeFX was founded in 2009 and is regulated by FSC in Belize. Compared to the regulation of other brokers on our list the Belize FSC is not considered a top-tier regulator. Soft commodities are those that people get as a result of agricultural activity, like coffee, wheat, flour, etc. On the other hand, hard commodities are assets like gold, silver, crude oil, and others.
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. The broker is ok.The greatest thing about LimeFX I think is that they offer the lowest spreads.Usually brokers with better spreads will also require to deposit at least $1000 or more. Here the min deposit is only $100 and it doesn’t influence the spreads. Its educational programs might also be helpful,especially for forex beginners like me. To celebrate the 2016 Olympics, LimeFX has introduced a new account bonus.
With DupliTrade automated trading, you have the option of email notifications to alert you of any trading activity, so you are always updated on any new interaction taking place. DupliTrade highlights that the accounts of the strategy providers are real accounts that belong to traders with real experience, trading real money in real-time. Overall, the web trading platform is very simple and helpful for both novice and experienced traders.
You can trade cryptos like Bitcoin, Bitcoin Gold, Ethereum, Dash, IOTA, EOS, Bitcoin Cash, Litecoin, Ripple, NEO, and Stellar. Our review of LimeFX shows that this broker is authorized by several regulatory agencies worldwide, which makes its services safe and secure for traders. In every region that this broker is registered, it is also regulated, which means that it offers legal, safe, trustworthy, and transparent services. There are many other things that traders should know about LimeFX and the services that it offers. So, if you are looking for a new Forex broker to start trading with and you are having a hard time finding a trustworthy one, follow our review of LimeFX and start trading today.
CMC Markets Review 2022: Fees, Platforms, Apps, Pros, Cons & More
By offering more than 1250 trading assets, LimeFX is a place where every type of trader can find something that they like to invest in. Over the years, because of the services that it offers to clients, LimeFX has won many awards. Being licensed by leading regulatory agencies around the world, LimeFX prides itself on offering safe and secure services to its clients. As a top forex broker, they offer their clients military grade encrypted safety platform and also employ skilled Tech professionals to keep their system running. This has been able to keep their trading software and clients account safe to avoid being compromised by hackers and cybercriminals. Also, LimeFX is a member of the Investor Compensation Company DAC .
They also provide articles on a variety of topics to allow traders to find solutions and answers to common trading problems. LimeFX offers educational materials to its clients in the form of courses, tutorials, articles and webinars. The training is grouped into beginner, intermediate and advanced levels. Ultimately, our rigorous data validation process yields an error rate of less than 0.1% each year, providing site visitors with quality data they can trust. Each broker had the opportunity to complete an in-depth data profile and provide executive time for an annual update meeting. LimeFX offers a variety of tools, including an economic calendar and research tools through their SharpTrader website.
The traders can choose several trading instruments, which include commodities, stock index, forex, and several more. LimeFXGO mobile app is user friendly for traders for great mobile experience. 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.
By using it, traders can place StopLoss and TakeProfits on their trades and protect themselves from maximum loss, or take desired profit while they are unable to check the application. The Trading Central feature of the Mobile version of LimeFXGo platform provides integrated research and related tools to help traders reduce the risk involved in the trade. You can trade the popular ones like the EUR/USD and GBP/USD pairs or go for less popular forex pairs like the USD/RUB. Founded in 2006, with regional offices and sales centres all around the world in cities like Paris, Milan, Tokyo, and Sydney. LimeFX has its administrative headquarters in Dublin, Ireland It began as a small company in the heart of Ireland, but in recent years has grown to accommodate 300,000+ clients globally.