LimeFxFX Broker Review 2023 I Trade platform, MT4, fees and more

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Just deposit money into your account, pick a successful trader, and start an invention. You will get additional money to increase your margin if you activate the bonus. But first of all, you can not pay out the bonus, you can only use it to make more profit. For withdrawal of the bonus, you have to do a certain turnover in trading volume (The bonus amount in lots divided 2).

  • SSL encryption secures every user’s private information as well.
  • All payments made to LimeFxFX by traders are securely held in a segregated bank account.
  • This may seem like a small number, but over the year, it quickly adds to a significant number of gains.
  • Trading instruments may perhaps be too limited for some although the forex offering is probably adequate for most forex trader needs.

But, it must be said that depositing funds and holding your capital with LimeFxFX is definitely a higher risk than trading with other, more regulated brokers. What we can tell you is that LimeFxFX does have segregated accounts which is the minimum you would expect to see from a broker as you don’t want them to be able to access your funds. They also claim to have highly skilled security engineers and technical specialists to ensure your data is safe. There was one slightly different trading platform, which is the LimeFx CopyTrading software. This allows CFD and Forex traders to either copy other traders’ trading signals or let you broadcast your own trading signals to other traders on the social trading platform.

3-D Secure technology adds an authentication step for protecting your online VISA/Mastercard payments. Dear Ravichandran B,We deeply regret the delay in our response. We would like to take this opportunity to express our heartfelt gratitude for your positive feedback regarding our prompt payment methods. It brings us immense joy to know that you are enjoying our services.

What are the funding methods for LimeFxFX?

These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their LimeFxFX clients’ funds. You can sign up for a demo account to acquaint yourself with LimeFxFX platform. Visiting many broker websites, all of which have different language uses. Technical language and terminology can be confusing with brokers like LimeFxFX.

An LimeFxFX MT5 account is perfect if you are a more innovative trader. Below you will find an overview of the key similarities and differences between the two account types. Overall, the differences are rather minimal, and which account type you choose is ultimately a question of your personal preference. In just another couple of clicks, our demo account was open, and we could now have access to the trading platforms. There is a total of 35 currency pairs to trade for most traders across the globe, but only 28 pairs are available if you live in the European Union. While 35 pairs mean LimeFxFX offers all the popular pairs to trade with, less popular pairs can be more volatile which means more opportunity to profit from this volatility.

  • The type of commission to be charged from the traders is subjected to the type of account they choose.
  • Between 74-89% of retail investor accounts lose money when trading CFDs.
  • Client funds are held in segregated accounts in accordance with international regulation standards.
  • Whilst not leading the market in this area LimeFxFX do put in a solid performance but the lack of 24/7 support might be significant to some traders.
  • The LimeFxFX Demo account does not expire and is available without limit.
  • If this doesn’t concern you and you assume swaps costs are going to be unfavourable, then this account will encourage you to trade mid-term and long-term.

To open an account, you need to use your name and email as well as a strong password. If you do not provide your full name and email address, the account will not be created. LimeFxFX helps customers to know the basics by using the mobile trading app in the market. The mobile trading app encourages the customer to increase investment.

Can you trade metals with LimeFxFX?

The broker’s low minimum deposit, competitive spreads, and comprehensive educational resources enhance its accessibility and attractiveness to different kinds of traders. However, it’s important to note that LimeFxFX doesn’t offer trading in certain instruments like ETFs and stocks. LimeFxFX is best suited for both beginner and intermediate traders due to its easy-to-use platform, educational resources, and low minimum deposit requirement. The broker provides comprehensive trading tools and features that traders can leverage to optimize their trading strategies.

Who Is LimeFxFx?

Don’t be scared off by brokers like LimeFxFX charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms. Our research team conducts thorough testing on a wide range of scammed by limefx features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.

However, ensure that you understand how to make the most of your cash before investing in larger sums. In the following table we take the main parts of any good broker and compare LimeFxFX with Startrader, and freetrade. In accordance with the company’s privacy regulations, customer data is never to be shared with some other institutions or individuals.

LimeFxFX Minimum Deposit

LimeFxFX broker doesn’t charge users fees when they register with their trading platform. Additionally, there are no pre-mandate trading fees applicable on joining the platform. LimeFxFX trading fees spread, and commissions start from US Dollar 7 with spreads as low as 0.6 pips. However, all accounts on LimeFxFX are swap-free and they do not charge any fee.

Any processing fees from your bank will have to be incurred by you. With this digital LimeFxFXdemo account, you can experiment in any way, to whatever period you wish. You might also open positions, examine different trading strategies, and more. If trading currency pairs is of interest to you then LimeFxFX offer over forex pairs. Moreover, the withdrawn money will be transferred directly to the accounts you use to create deposits. Thus, if you used a credit card for deposits, the withdrawn cash will be sent into the cardLimeFxFX will ask you to provide other withdrawal methods if your details have changed since your deposit.

Overall, there is a lot to like about LimeFxFX and the range of quality trading conditions that they provide. You get convenient access to the markets via powerful and fully customisable trading platforms with accounts to suit all types of trader. The trading costs are very competitive whilst customer support is prompt to answer questions.

With this in mind, the demo accounts are effectively a practice account. You can use all features including all the trading products available for trade and Expert Advisors for automation. The broker uses a no-dealing desk trading model which means they send your trades directly to the liquidity providers who will be the counterparty for your order.

It brings us great joy to be able to provide opportunities for our clients to accumulate lots and claim gifts through this promotion. At LimeFx, we continuously strive to enhance our brokerage services by introducing various promotions, offers, and bonus packages. We are committed to providing outstanding services and ensuring that our clients have access to a wide range of benefits and opportunities. We would like to know what more would you like to suggest to enhance our services to be able to get a complete 5-star rating from you. Please get in touch with us via live chat or email () if you have any queries or require any information.

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