LimeFX review 2023 ++ Good forex broker or not? Test

July 2020

First of all, new traders can start with a free demo account on the site, while more advanced traders can choose between a Micro account, Classic, Pro, and an ECN account. To open a real account, you will need a minimum deposit of at least $/€/£ 5. LimeFX also offers a demo account that you can use to practice and become familiar with their platform.

After installation, you can log in directly and start trading immediately. Even with your smartphone LimeFX Internation will give you access to more than 250 markets directly. The advantage of mobile trading is that you can check or manage your trading portfolio 24 hours per day. Using the MT5 plugin helps you clearly outline your parameters, and then the plugins will be responsible for notifying you when vital levels are broken.

Join an industry leader and trade over 250 Forex & CFD instruments that keep the world moving.

The pro account, on the other hand, gives you unrestricted access to all trading products and features but requires an account size of at least $ 10,000. It’sIt’s best to think in advance about what you expect from your LimeFX account and what you can do with it. This web application is responsible for automatically scanning and observing the market, consisting of all essential levels as well. As a result of this, it aids in predicting very likely events. This tool can be used as a significant advantage to either augment your usual analysis or improve upon a new set of strategies.

• In the next section you will get a professional overview of the conditions, trading platform, and service for LimeFX clients.
• Live Chat is clearly visible on the website making it easily accessible to traders.
• The broker was growing very fast and settled in the United Kingdom and the US in 2006.
• Agents are highly-responsive, easy to talk to, and pick calls almost instantly to respond to inquiries from traders.
• From our experience, fraud can be excluded by reviewing the history of the company and the regulations.

It has, moreover, already been sanctioned by the institution a few years ago for not having established an adequate system against money laundering. This sanction did not, however, put the broker out of the running. LimeFX is a member of The Financial Commission, an international organization engaged in the resolution of disputes within the financial services industry in the Forex market. Yes, LimeFX is regulated by several financial regulatory authorities, depending on the jurisdiction where the client is located.

Deposits and withdrawals

Here is the list of the minimum spreads you obtain for every account you open. Like the deposit process, the withdrawal process is very easy. Keep in mind that your account has to be fully verified in order to do a withdrawal. The duration of a payment is depending on your payment method.

• To avoid losses in the event of a bankruptcy of the broker, traders should pay attention to the security aspects of the provider before the registration and deposit of funds.
• LimeFX has 8 global locations across three continents with more than 2 Million registered users worldwide.
• The fee is not charged if you trade with the demo account or your trading balance is 0.
• You can invest your funds in the accounts of experienced traders so that you don't have to trade yourself.
• Additionally, the company also offers binary trading where binaries can either be in spot metals or currencies.

Finally, validate your payment information on the following screen. Altogether, LimeFX can be described as a reliable and reputable brokerage with very reasonable trading costs (against renowned currency pairings). The spread is also quite modest, making this a low-risk investing scenario. limefx website This brokerage company was indeed launched in 1998 and was first based in Russia. The broker was growing very fast and settled in the United Kingdom and the US in 2006. LimeFX is mainly regulated by the FCA (Financial Conduct Authority), which is the UK’s leading supervisory body.

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Last year, the company introduced LimeFX Mobile Application in an effort to provide traders with unbeatable financial markets’ information. Trading Forex, CFD, Binary Options, and other financial instruments carry a high risk of loss and are not suitable for all investors. 66-84% of retail investor accounts lose money when trading CFDs with the providers presented on this site. The information and videos are not investment recommendations and serve to clarify the market mechanisms.

However, you will find out by reading the clauses well, that the Non-Dealing-Desk (NDD) option only refers to Pro accounts. With education from LimeFX, you will gain valuable theoretical knowledge which you will be able to apply when trading. Moreover, you will find out about money management, learn https://limefx.vip/ to keep your emotions under control, discover how trading robots can be useful, and much more. You can take part in our courses online from the comfort of your own home. The LimeFX website is straightforward to use, and traders can view it in Indonesian, English, Chinese, Portuguese, and Russian.

LimeFX Loyalty Program

Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. If you stop trading for more than 6 months or more, LimeFX International will charge an inactivity fee of $/€/£ 5. The fee is not charged if you trade with the demo account or your trading balance is 0. In the trading world, the fees and spreads are major determining factors of your profitability rate, especially when trading with such high degrees of leverage.

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