LimeFX Review 2024 A Must Read Before Opening An Account
It operates through companies registered in Nevis and Cyprus. However, profits can only be withdrawn to limefx scammers a bank account or a crypto wallet. Bank transfers are subject to a US$500 minimum threshold and incur fees in excess of US$30. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. Honestly, I was having a lot of doubts before I started working with this brokerage company because I have not heard a lot about them. Anyway, after reading some reviews I decided to give it a shot and signed up for this company.
I feel like each one of us needs to find 1 broker he “clicks” with. For me it was LimeFX, simply because theire is no bull@it here. The international subsidiary, on the other hand, operates with limited oversight, and this holds the broker back from achieving a higher score. LimeFX’s limited research and technical analysis tools are disappointing, especially given how useful these tools can be for discovering trading opportunities.
LimeFX supports bank wires, including several local options, credit/debit cards, UnionPay, Neteller, and Skrill. Traders can access the processing times and minimum/maximum deposits by clicking on the + next to each option. LimeFX transparently provides all necessary information on its website. There are no deposit fees, but several withdrawals face internal charges while third-party processor costs may also apply.
LimeFX also maintains a presence in Cyprus for EU-based clients under the uncompetitive ESMA regulatory framework. The swift online application at LimeFX requires a name and e-mail. Clients may also use their Facebook or Google accounts to open an account.
- As this broker offers consistently low spreads, it is possible to enter and exit trades several times a day, to take advantage of even small price swings.
- You can also access the LimeFX MT4 platforms on Android and iOS smartphones and tablets.
- There were some hitches in my trading here but I attribute it to my lack of experience and the fact that for the last time I was impressed by economic news.
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Should You Trade With LimeFX?
It accepts all trading styles and Expert Advisors, including scalping robots, without restrictions. It is safe and has the necessary limefx courses scam security tools in place, and also has a lot of good trading conditions. We have not experienced any security concerns during our many hours using the trading platform.
LimeFX User Experience
In our experience, the 0.2-pip average spread on EUR/USD is far tighter than most commission-free accounts, which regularly charge 1 pip or more for this major pair. LimeFX’s investment offering is excellent for forex traders but weak in other departments. One operates out of Vanuatu, where international clients have a trustworthy and competitive trading environment.
Forex Trading Platforms
Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. LimeFX shows clients how to obtain the most up-to-date rates, a step many brokers omit. LimeFX provides assistance to trading clients via its 24 hour Monday through Friday multilingual customer support service that features dedicated account managers. The broker also has a live chat service and an online form you can fill out, as well as a support email address, fax and phone number.
LimeFX $50 Free – Start-up Bonus Terms & Conditions (EXPIRED)
CySEC is a top-tier regulator that helps ensure LimeFX follows strict business standards and implements safeguards like negative balance protection and segregated client funds. Start trading with No commissions, No swaps, and tight interbank spreads starting from as low as zero. Luke Jacobi is a distinguished professional known for his role as President at Benzinga, a renowned financial media outlet. With a background in business operations and management, Luke brings valuable expertise to his position, overseeing various aspects of Benzinga’s operations. His contributions play a crucial role in the company’s success, ensuring efficiency and effectiveness across different departments. Prior to his role at Benzinga, Luke has held positions that have honed his skills in leadership and strategic decision-making.
LimeFX’s trading account is also available without a swap, upon request. Open your account online and contact your account manager for more information. In our opinion, its Islamic account is one of the best on the market because you can keep your positions open for as long as you want without incurring additional costs. LimeFX supports the MetaTrader 4 platform, made popular through its support of trading robots. LimeFX welcomes all trading styles, including hedging, scalping, and arbitrage, and places no restrictions on your use of Expert Advisors.