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Both types of accounts are commission-free and offer micro-propositions for trade. However, all options for cash withdrawal can be found on the company’s website. By the way, the best recommendation of the company is a great amount of customer reviews, which are posted on different Internet resources. The vast majority of these reviews describe the «LimeFx» withdrawal process as smooth, but when there are delays or difficulties, the reviews often refer to the banks or payment systems. Becoming a client of the company is very simple; just fill out the form on the website. It will be possible to start trading immediately after adding a deposit to the trading account, and the minimum amount is only one dollar.
LimeFx Review 2023: Is It a Reliable Forex Broker? – CryptoNewsZ
LimeFx Review 2023: Is It a Reliable Forex Broker?.
Posted: Mon, 05 Jun 2023 07:00:00 GMT [source]
Therefore, the trader of any experience and size can count on a trading performance powered by the great choice of software that enhances strategies and general possibilities. While the LimeFx trading fees, which are built into the LimeFx spread considered to be on a very competitive level among the market offering, you can check out and compare LimeFx fees to FP Markets. LimeFx trading offering consists of Forex – currency pairs, spot metals, CFDs along with Cryptocurrency trading and Binary Options. Nevertheless, we advise to be cautious since regulated broker offers dramatically lower leverage for the reasons of safety.
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Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors’ deposits. LimeFx are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of LimeFx and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. LimeFx has a reputation for efficient and reliable fund transfers, and they take great care to ensure that your money is safe and secure. When you submit a withdrawal request, LimeFx will verify your account details and process the payment within the stipulated timeframe, usually within a few business days.
The high quality of services is proved, first of all, by customers’ reviews. «LimeFx» is a Forex broker with unlimited opportunities, a company that aspires to offer the customer not only service and competitive rates but also various contests, bonuses and promotions. A convenient platform, low LimeFx threshold, fast transactions, high-quality training, professional analytical materials (reviews, articles, news) – all of this waits for the «LimeFx» client. Withdrawal (read withdrawal reviews below) is one of those procedures that has been worked out in detail and allowed the company to earn more than one positive review throughout its long existence.
Is LimeFx International a good broker?
LimeFx International has eight global locations across four continents. The brokerage is regulatory compliant and is a safe and reliable broker for forex traders in Africa. LimeFx is regulated by the Financial Services Authority (FSA) Saint Vincent and the Grenadines. When selecting a broker such as LimeFx, one of the most critical factors to consider is the broker’s regulatory body and regulatory status.
- Besides lots of currency pair,
LimeFx also offers some instruments you would like to trade on, such as
Forex, Gold & silver, CFD and Crypto for your best choice. - LimeFx offers various funding payment methods listed in your LimeFx dashboard if available in your region.
- While leverage can amplify potential profits, it can also increase losses.
- However, MT4 and MT5 are often not as user-friendly as platforms that are developed in-house.
In order to complete the registration process, the applicant will be required to complete a simple registration form and agree to set terms and conditions. In order to start the registration process, the applicant can simply click on the orange “Register” button located at the top of the LimeFx webpage. I like how it takes a look at some selected instruments and their price action history while also making future predictions.
LimeFx Trading Platforms
Therefore, you should only risk trading when you understand that your capital is at risk at any time. Not only does the broker feature minimum deposits of $5, it also accepts a massive range of deposit and withdrawal methods. The ECN Account ups the stakes a little, requiring a minimum deposit of EUR/USD 500. The spreads start from just 0.4 pips on this account, but there’s a commission involved. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any LimeFxs.
For example, LimeFx charges a swap fee of 1.0.1 on a short position and -0.67 on a long position. When making this calculation, we used one lot of EUR/USD as a benchmark as it is the most commonly traded currency pair and it usually has the tightest spread. It maintains regulation from the Financial Services Commission of Mauritius, the Financial Services Authority of Seychelles, and is also incorporated in Saint Vincent and the Grenadines.
Tier 1 is the official measure of a bank’s financial health and strength.Trading with LimeFx is risky, and because the market is so volatile, losses could happen at any time. To start the process of opening an account with LimeFx you can visit the LimeFx trading platform here. Losses can exceed deposits
You should consider whether you can afford to take the high risk of losing your money. It’s important to note that LimeFx requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps LimeFx maintain a trustworthy financial environment for its 10,000 users.
Is LimeFx Safe?
While it grants access to the back office, account verification remains a mandatory final step, per regulatory mandated AML/KYC requirements. A copy of the trader’s ID and one proof of residency document, issued within the last three months, will satisfy that requirement in most cases. Clients may contact customer support 24/5, and Saturday and Sunday between 1200 and 2000. While the FAQ section attempts to answer all questions, the live chat function represents the most convenient contact method. Traders may also call, send an e-mail, or connect via Telegram, but LimeFx International maintains a well-managed operation, and most traders are unlikely to require customer support.
We are not liable for losses that resulting from the information provided on our site. There are a variety of trading options available to suit the needs of each individual investor. For those that lack the time or confidence to trade but still wish to experience the thrill of the markets, the broker offers LimeFx Copy Trading. This innovative LimeFx service allows you to automatically copy the trades of more experienced traders.
The standard account type ensures immediate implementation, while ECN has direct access to liquidity providers with market execution, without requotes. The standard accounts are aimed more at the casual retail trader and consequently has a lower minimum deposit requirement limefx official site and slightly higher spreads on average. In contrast, the ECN accounts are geared towards professional day traders and have lower spreads, but require a higher minimum account deposit. But why, exactly, have over two million clients chosen to trade with LimeFx?
LimeFx International also offers MetaTrader 5 (MT5), the most popular platform in the world. LimeFx deposit fees are 0$ for some of the payments, including 0% fee for Cryptocurrencies like Ethereum, Litecoin and Zcash. LimeFx provides various withdrawal options, however additional payment methods may incur additional charges and depend on the provider and region you sending from.
LimeFx provides the most popular and well-known MT4 trading platform, as well as its advanced generation MT5. It makes no difference which device you use because there are versions for PC, Android, and iOS devices that allow you to earn from anywhere. Before you can request any withdrawal of account funds or balance, your account must be verified with LimeFx. At LimeFx, you can withdraw your profit using the following methods; Bank Transfer (24 hours), Credit/Debit Cards ($3 transaction fee), and E-Wallet Withdrawal via Neteller, Skrill, or WebMoney. LimeFx offers an ECN account that allows you to have a more transparent, flexible, and efficient trading experience than ever before.
The apps are developed for iOS and Android devices and can be downloaded from the respective app stores. Languages spoken by the support team include but are not limited to, English, Russian, Chinese, Hindi, Arabic, Indonesian, and Spanish. The ‘education and learning’ section of the site is relatively limited. https://limefx.club/ What is available is of good quality, professionally presented and available in a variety of formats. There are 5 Metals to trade and LimeFx note, not only the trading spread but the financing rates as well. Sign up to our newsletter in order to receive our exclusive bonus offers and regular updates via email.
The Mauritius Financial Services Commission (FSC) provides regulatory oversight of Exinity Group LTD, the owner of LimeFx International. It obtained its license in 2013 and has since had a clean regulatory record. FT Global Services LTD, a Cypriot international business company (IBC), processes credit card transactions. LimeFx International is also a member of the Hong Kong-based Financial Commission, an independent, international body which provides external dispute resolution (EDR) for Forex brokers. Another point of appreciation is the collection of trading instruments offered at LimeFx. E-wallets do not cost a penny but for a standard bank transfer, the withdrawal fees can cost almost 30 dollars, a percent of the fund amount.