The group’s first entity was founded in 2009 in Cyprus (regulated by CySEC under license 120/10) under the name Trading Point of Financial Instruments Ltd. If you already have an LimeFx account, please state your account ID so that our support team can provide you with the best service possible. At LimeFx what you see is what you get, with no hidden terms. What we advertise is what we give our clients, regardless of the size of their investment. With ѕо mаnу орtiоnѕ fоr living life оnlinе, thеrе is no lоngеr a rеԛuirеmеnt tо bе in оnе place glued to an lарtор or dеѕktор. With variety оf роrtаblе dеviсеѕ, that саn dо so muсh, there is much mоrе opportunity tо live lifе on the mоvе.
- The graphical illustration shows the comparison of how LimeFx’s spreads stacks against the combined average spreads of all other established brokers featured on ekzaga.
- The education rooms mentioned below also serve as daily webinars in English.
- To access it, you must have deposited a minimum of $500 USD in the past three months.
- In addition to this we will also offer highly exclusive bonuses that will be made available on an invitation only basis.
- You can get start with a lowest deposit amount as low as $5.Well, 1 micro lot is equivalent with 1 thousands base currency price.
In cases of an unresolved complaint, LimeFx asks that you contact the Compliance Department of the company. Each webinar includes the title, description, date, and time as well as what you can expect to learn. The education rooms mentioned below also serve as daily webinars in English. For other languages, you will find dozens of webinars with focused topics, such as specific tools.
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We can show you the pros and cons of LimeFx and other brokers but what is suitable for you, it depends up to you. If you have a complaint, LimeFx encourages you to contact either your Client Relations Manager or the Customer Care Company. Most customer complaints can easily be resolved via this step.
- To view the schedule, simply click on the language of your choice.
- Choose from three chart types and use the technical analysis tools, which include 50 indicators plus charting tools.
- The final grade is given based on LimeFx FX broker performance and features.
- These changes were implemented by European regulators and have placed leverage changes for European Investors/Traders.
LimeFx also has 16 full-feature trading platforms for clients to choose from. Most of the education section on LimeFx is based on video content. You can dive deep into topics ranging from an introduction to financial markets through money management and trading strategies to technical analysis. Each chapter has several lessons, all available for LimeFx users only.Beyond these prerecorded materials, they offer live training both online and offline for various experience levels. LimeFx offers a bunch of algorithm-based trading tools from Trader Avramis Despotis.
You should consider whether you can afford to take the high risk as your capital is at risk.
This is further hampered by the fact that many brokers restrict trading close to news announcements. As such, the required insurance premium becomes worthless. Essentially, the margin percentage will increase as the volume per trade increases. You can view all the specific instruments available for trading on the individual asset pages. Anyone interested in trading with LimeFx should also be aware of areas where it is not available.
What Other Education Does LimeFx Offer?
One of the recent awards they have received is being named as the best FX broker in Europe in 2018 by the World Finance Magazine. If you look onto Trustpilot reviews you’ll frustrate after reading reviews about LimeFx. The site should manage spammers from this kind of irritative behavior. Do not trust at all those spam comments but also do not trust all good comments too. LimeFx can’t cover up someone’s trading losses but if they make trouble with their clients in withdrawing money then this is a problem.
If you are withdrawing via a bank transfer, then you will have to wait between 2 and 5 business days for it to be processed and there is a minimum withdrawal of $200 in place. LimeFx always have a range of promotions they are running at any given time. They have a 100% deposit bonus up to $5,000, they have free VPS services and there are no fees on both deposits and withdrawals. They offer more than 30 language options for their users and they cater for any and all levels of trader.
Type of Accounts
The rеаѕоn is thаt these рrасtiсеѕ аrе аgаinѕt the Islamic rеligiоn, which LimeFx ѕtrivеѕ to rеѕресt. Therefore, if this seems appealing tо уоu аnd you dо wаnt a ѕwар-frее account аѕ well, all you nееd tо dо iѕ ореn a ѕimрlе trading ассоunt аnd thеn diѕсuѕѕ уоur options with ѕоmеоnе frоm LimeFx’ѕ ѕuрроrt team. We recommend LimeFx for forex and CFD traders who prefer MetaTrader platforms and seek a great account opening experience. These charting tools can be found on the MetaTrader trading platforms.On the negative side, the design is outdated and some features are hard to use. For example, it was hard to figure out how to remove an indicator from the chart. With Islamic accounts, a flat commission is charged if you hold your leveraged position overnight instead of the percentage-based financing rates.LimeFx doesn’t offer corporate accounts.
They have a wide ranging section for education, including free weekly webinars that are interactive. It is an ideal learning ground for beginner traders and with three different account types, they cater for all kinds of traders depending on what their specific needs may be. With LimeFx the amount of fees and commission that you have to pay will be dependent on what sort of account you have with them. You have two accounts which are free from commissions – Standard and Micro accounts, while the LimeFx Zero account is based on commission. LimeFx offers widespread brokerage services to trader’s novice to expert level.
LimeFx Group has evolved into an online multi-asset broker offering 57 currency pairs and 1000 CFDs. Five CFDs on cryptocurrencies are also offered covering Bitcoin, Dash, Ethereum, Litecoin and Ripple. The minimum deposit/withdrawal amount is 5 USD (or equivalent denomination) for multiple payment methods supported in all countries. However, the amount varies according to the payment method you choose and your trading account validation status. You can read more details about the deposit and withdrawal process in the Members Area.
BrokerChooser gave LimeFx a 4.5/5 rating based on analyzing 500+ criteria and testing via opening a live account. As you can see LimeFx broker forex spreads are fairly competitive versus its direct competitors especially when it comes to trading equity indices, commodities, and stocks. They have a substantial offering of more than 700 different assets and instruments to their users.
It supports all order types and spreads start at 0.6 pips. Although MT4 Multiterminal is technically a variation of MT4 for LimeFx, it has additional functionality. This platform is specifically designed to let traders handle more than one MT4 accounts from a single terminal. The MetaTrader 4 platform for LimeFx gives you a range of features. There are more than 1,000 instruments available to trade via this platform.
Hedging takes place when you open a LONG and a SHORT position on the same instrument simultaneously. All our systems are built and updated with the client in mind. Starting from our account opening procedure, to managing your account, depositing or withdrawing funds and finally trading, it’s all straightforward simple and easy to use for all our clients. Although LimeFx broker limefx website is classed as a retail broker it does have ECN broker qualities and offers no-requotes and no rejections on orders. Yes, only for an international bank wire transfer for a deposit /withdrawals of less than $200 (equivalent denomination). If you are in the UK or EU it is easier to fund the account via your debit/credit card, Skrill, Neteller payments or even Money bookers.
You can deposit money in any currency and it will be automatically converted into the base currency of your account, by LimeFx prevailing inter-bank price. Requote means that the broker with whom you are dealing with sometimes will not be able to execute/fill your order at the price you requested https://limefx.club/ because they can’t negotiate that price with the liquidity providers. Majority of brokers that have a dealing desk (DD) and therefore at times of volatility can’t offer the best prices to their users. ECN brokers offer no-requotes they have direct access to liquidity providers.
However, if demo account is inactive (i.e. not placed any trades) for more than 90 days then it will be closed. The main headquarters of the company are located in Limassol but they also have offices in other countries such as the United Kingdom, Hungary, and Greece. The company was established in 2009 and it is regulated by CySEC. The private company behind the LimeFx brand is Trading Point Holdings. LimeFx provides real stocks for clients onboarded under LimeFx’s IFSC-regulated entity. You can trade stocks only using the Shares Account.It is a big addition compared to its competitors.
For those who typically engage in telephone trading, the dealers may give a margin call. This is essentially advisement to either deposit funds or close positions. LimeFx also has a margin call policy that ensures the maximum possible risk never exceeds the account equity.