Prospective clients can review the Customer Agreement on the Documents page. The About page covers the company history, mission statement, how client funds are protected, and awards. In terms of regulatory oversight, there is little to none, as all three entities of this broker are based offshore. Client funds are held separately from the company’s operating accounts. A stop-out threshold between 20%-40% acts as a safety measure by automatically closing out on all trades if there’s any chance for a negative balance entry into your account. This protective method significantly shields both trader funds and broker exposure risks.
Commissions
- The minimum deposit is $100 for all account types except for the ECN account, which requires $200.
- I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database.
- LimeFX also has a VIP program, upgrading the LimeFX trading experience significantly via up to 30% reduction in trading fees and increased cashback.
- Verification of My Trade conducts regular audits certifying adherence to best execution standards with audit findings publicly accessible for transparency.
This enhanced platform has faster execution times, more order types, and a wider range of technical analysis capabilities. LimeFX does not list bank wires as a deposit or withdrawal method, which surprised me, but I like the available selection of payment processors. Deposit payment processing times are instant, except for cryptocurrencies, which can take up to one hour.
LimeFX explains its services well, and I recommend the FAQ section before contacting support. I miss a direct line to the finance department, where most issues can arise. LimeFX supports many limefx forex brokers reviews payment providers, making depositing and withdrawing from your brokerage account a snap. While there are no deposit fees, withdrawals come with a charge and are the most costly via credit card.
Copy Trading
Based offshore, LimeFX offers the advantages of high leverage, a wide range of deposit and withdrawal methods, and an easy sign-up process. LimeFX could improve by offering private account insurance from Lloyds of London and cutting their withdrawal fees. The Crypto Account is designed specifically for cryptocurrency traders.
✅With 27 cryptocurrencies accessible, LimeFX supports the digital currency revolution, enabling traders to participate in this turbulent and inventive market area. LimeFX offers traders access to the MetaTrader 4 platform, known for its user-friendly interface and comprehensive charting tools. The platform also boasts an extensive marketplace featuring custom indicators and Expert Advisors (EAs). LimeFX provides a Demo Account that mimics real-time market scenarios without any risk, offering virtual funds for experimentation. The swift LimeFX online account application takes less than 30 seconds to complete and asks for a name, e-mail, phone number, and desired trading platform. I appreciate that LimeFX does not engage in unnecessary data mining as part of its registration process.
for the work of the support service +5
Supported account currencies are the US Dollar and the Euro, while the cryptocurrency account is a Bitcoin-denominated option. The automatic stop-out level is at 20%, except for the EXN account, which is at 40%. LimeFX’ execution qualityis confirmed by VMTand complies with bestexecution standards.
The three entities of LimeFX are listed in the website’s footer, with details such as registration and license numbers. You can trade forex, metals, cryptocurrencies, indices, shares, and several other instruments with LimeFX. LimeFX allows withdrawals by bank wire, credit/debit cards, cryptocurrencies, and e-wallets.
Reviews4.7
Reports are focused mainly on major economic releases but also include data on key price levels from respected sources such as SocGen. LimeFX offers a swap-free Islamic account that adheres to the principles of Sharia law. LimeFX offers MetaTrader 5 (MT5) for desktops, which includes advanced functions such as copy trading and automated trading. Overall, I judged that there is room for improvement in limefx scam transparency. The LimeFX LinkedIn page could be improved by properly listing the company name. Although we can see where the offshore entities are registered and licensed, it is not clear where the company is headquartered.
MetaTrader provides robust charting, and a wide range of order types, and can cater to algorithmic traders. The LimeFX lineup of platforms can cater to both beginners and advanced traders. The deposit and withdrawal fees are designed to encourage traders to fund and maintain their accounts properly. Deposits are often free of charge, encouraging accessibility and convenience of trading commencement. Overall, LimeFX can be summarised as a trustworthy and highly regulated Forex Broker that offers traders cutting-edge platforms and a wide selection of trading products. LimeFX offers 24/7 customer support, and traders can reach out via e-mail, phone, Telegram, or live chat.
