LimeFx’s zero-fee policy also applies to any deposits and withdrawals above $200 that are processed by wire transfer. The broker does not offer cryptocurrencies to trade, neither it allows cryptocurrencies as a mode of payment. For crypto payment, you may wish to consider FXPRIMUS as an alternative option. This review of LimeFx gives you an overview of the account types, trading fees, tradable instruments, trading platforms, customer support and deposits/withdrawal options available on the platform. A good broker constitutes a good service for traders in terms of many criteria including trading instruments,
deposits and withdrawals, as well as customer support.
- Setting up an account at LimeFx is easy and the minimum balance required to open an account is a super-low $5.
- LimeFx applies transparent conditions and a quite competitive offering of $3.5 per lot per 100,000 USD traded.
- There is also the LimeFx Islamic account for clients who follow the Muslim faith.
- That is a healthy number and means even the most discerning trader will be likely to find the market they want to trade.
Traders who open accounts in LimeFx are enabled a condition similar to a Cent Account environment in the Micro Account, in which the Contract Size for every lot is only 1,000 units. If it is applied with the smallest lot size in the MetaTrader platform which amounts to 0.01, it means that traders can go as small as 10 units per trade. Looking at their affiliate program, they offer up to 25 USD per lot in lot rebate.I love how detail their platform is.
ABOUT LimeFx GROUP
Therefore choosing the appropriate pair is essential for profitable trading. If you can use the MT4 or MT5, then trading on the others will be easy enough since they contain only slight differences. The MT5 offers more than 80 technical analysis tools and several order types, including trailing stops and pending orders.
Being subject to the rules and regulations of high-level regulators requires LimeFx to follow a range of Know Your Client (KYC) protocols. They are intended to protect clients and reflect that clients are opening an account with a trusted broker. All traders get round-the-clock support via email, live chat, and phone. There is also an FAQ section that answers most beginner questions.
Website visitors and existing customers can access these educational resources. LimeFx provides customer support services in multiple languages, and you can reach them via phone, live chat, or email. LimeFx offers crypto trading through CFD, allowing you to trade more than 30 pairs. Researching the market is even more important because virtual currencies experience more volatility than other assets.
Don’t worry if you are not trading enough volume, you can still request the LimeFx VPS in the Members Area for a $28 monthly fee. This is a very reasonable fee for a VPS, I pay around $30 for mine and it is fantastic for running automated systems around the clock. The VPS fee will be automatically deducted from your MT4 or MT5 accounts on the first day of each calendar month. Personally, I have used MT4 for many years and never felt the need to switch over to MT5 just yet.
Does LimeFx charge an inactivity fee?
However, some of my professional traders do not enjoy using them. Regarding cryptocurrency deposits, LimeFx does not typically accept cryptocurrency as a direct payment method. You would usually need to fund your LimeFx trading account using traditional methods like bank transfers, credit/debit cards, or e-wallets. Since 2011, LimeFx has been receiving a warm response from Southeast Asia (Malaysia, Singapore, including Indonesia). More than 1 million traders from all over the world have traded with LimeFx brokerage, so it doesn’t come as a surprise if the company provides services in more than 20 languages. This is in line with its mission and dedication to always provide convenience for clients, including setting up a customer support line that is available 24 hours every Monday to Friday.
As mentioned, educating yourself on your desired market is key to profitable trading. Interest rates, inflation, and the political and economic situation https://limefx.vip/ usually affect currency exchange rates. Learning the state of these elements can help you properly predict if an exchange rate will rise or fall.
Is LimeFx Group safe?
Although they don’t offer as many instruments as other brokers, they still do well in terms of trading features and bonuses. Top financial regulatory limefx company reviews bodies around the world also regulate them. We hope this LimeFx broker review helps you make the right choice in your journey to choose a broker.
Available payment methods for deposit and withdrawals
From the first moment of signing up with LimeFx and throughout trading operations, clients can experience the benefits of trading with a leading forex broker. Each of the six chapters of LimeFx’s specially designed ‘Learn Trading’ course covers one of the key areas of trading and investing. Put together the free course offers a chance for traders to develop a winning mindset and learn how to get the most out of the tools on offer. Whether you are new to online trading or trying out a new broker the educational materials found at LimeFx are worth checking out.
LimeFx trading advices
This account is a perfect fit for those who follow strict sharia law and they pay a fixed fee instead of swaps. This type of fee is not an interest payment and fully depends on the direction of your order. Because of the way it works, it is also sometimes referred to as a swap-free account. The crypto market can be accessed 24 hours a day, 7 days a week. Among the crypto assets that can be traded on LimeFx are BTC, BCH, ETH, LTC, and XRP. Digital assets can be great for investors to diversify their portfolios.
If you choose bank transfer, it may take days for the deposit to reflect in your trading account. LimeFx offers CFD stocks trading, with over 600 individual company stocks to trade. Or you can choose to trade indices, which comprise a group of stocks. Stocks are among the most popularly traded markets due to their opportunities. Research and analysis may help you decide which type of company shares are best to start with.