LimeFX Review Is It A Legit CFDs Broker?

The firm was established to offer numerous unmatchable trading services with top-notch quality educational content for all the users on their site. The trader should be aware of the inactivity fees levied by the platform. If there is no trading activity for 2 months, the trader is charged around 160 Euros, and if there is an increasing level of inactivity, it might go up to 500 Euros a month.

  • Actual product may vary.For those who enjoy trading on the go, LimeFX offers a functional and convenient mobile application which works on both Android and iOS systems.
  • With $250 in your account, you’ll be able to create a solid trading plan that suits your budget.
  • During that time, my account manager Guy directly caused the loss of all of my deposits.
  • Yes, LimeFX is a trustworthy and well-established broker.
  • It is imperative to ensure that when you are going through a broker application, you clearly read all of the brokers’ terms, conditions and policies.

It was thanks to 101 that I was able to survive the pandemic quite comfortably, because it was trading that gave me a source of additional income. The platform is owned by a registered company and regulated by CySEC. Transactions and data transfers are encrypted and the platform is protected with a firewall which prevents cyber attacks. The best way to stay informed about the platform’s latest news is to become a fan of their social media pages. In addition, be sure to check out Cryptimi News for any important updates.

The trader is also required to set a password for the account. The trader who wants to open an account should go ahead and click on the heading. The LimeFX official website at its top right-hand side has the heading “open account”. They can start with the basic facilities to go high in risks and rewards.

Contact LimeFX by phone, email, or live chat

The broker is also a member of the Investor Compensation Fund (“ICF). This fund compensates covered clients, up to €20,000, should the broker fail to fulfill its obligations. Creating a live trading account with LimeFX involves just three quick steps. First, you’ll need to click the Open Account button and provide personal details, such as your name and email address. After that, you’ll need to give some more information and complete a short questionnaire about your economic profile and experience.

On top of that, LimeFX offers helpful tools like an in-depth market news feed and an integration with SignalCentre to help you trade better. As per our review, this broker offers an exhaustive range of educational resources to enhance users’ skill and knowledge. Some of them include e-books, videos on demand, courses, tutorials, economic calendars, and several more. These educational resources are very helpful for experienced users as well as the new traders. By reading this material, it is helpful for the users to forecast on the asset prices, do fundamental and technical analysis, and analyze the market’s price movements.

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The platform might also require you to provide payment documents to verify the origin of funds. The support team is typically quick to respond and you can expect to get an answer to your query within an hour at most . The list of cryptocurrencies includes Bitcoin , Ethereum , Cardano , Bitcoin Gold , Ethereum Classic , Litecoin , NEO , Ripple , Stellar , Monero , Zcash , Verge , and others. Based on your account type, you can open leveraged positions.

Spreads on popular currency pairs start as low as 0.03 pips, which is impressive when you consider this is not an ECN broker. Rollover swaps are also competitive, and there are discounts available for certain account holders. LimeFX is a MetaTrader broker, which means that it supports all versions of the world-leading software. This includes the downloadable MT4 trading platforms for Mac or PC, the browser-based WebTrader platform, and the MT4 apps for iOS and Android. Contracts for Difference let you speculate on price or fall of the underlying asset without to have any ownership rights on the underlying asset itself.

LimeFX forex brokers reviews

The LimeFX platform offers a dedicated and professional customer support team who are available 5 days a week. They are highly knowledgeable, and they can be reached through live chat, email, and phone. If the trader has any issues or problems, these are sorted out immediately. Due to commission costs, investors generally find it prudent to limit the total number of trades that they make to avoid spending extra money on fees. Certain other types of LimeFXs, such as exchange-traded funds, carry fees in order to cover the costs of fund management.

nvesting Trading Instruments

The easy-to-use global platform delivers a one-stop-shop experience for users looking to purchase, sell, swap, or trade cryptocurrencies. These cover a variety of trading topics from trading platforms to trading strategies and more. There’s also a Daily News section that’s updated several times a day and will help keep traders informed on the latest developments in financial markets.

You still have to do your own due diligence and research, but it’s another layer Public adds to its app to help protect investors. They are one of the most trusted market players in terms of both customer support and market analysis. The broker provides a number of options for contacting customer service representatives. Additionally, fill out the contact form and submit your question. In addition, you can get in touch with phone, email, and live chat options.

LimeFX forex brokers reviews

A robo-advisor is an automated, hands-off option that typically costs less than working with a broker or financial advisor. Once a robo-advisor program has your goals, risk tolerance level, and other details, it automatically invests for you. If you’re just beginning your career, an LimeFX goal could be to increase the amount of money in your account.

The mobile app can be synched with other instances of MT4, which allows traders to place trades on the desktop and close it via the mobile app. Via the mobile app, traders can access all order types and executions, trading history, 9 different time frames, charting tools, chat support, and much more. Risk Warning – Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you are fully aware of the risks involved and the high probability of losing your money. By creating this review of LimeFX, our experts have unearthed another well-established forex broker. With a wide range of instruments, accessible fees, and minimum deposit limits, and a huge variety of research and educational tools, LimeFX stands out from the crowd.

Besides, there are no charges to buy or sell any asset, and they offer more than 30 tools for users. If you are over 18 and have at least 250 EUR to deposit, you can easily register for an account with this broker. Traders from some countries are not able to benefit from LimeFX’s services, however. This includes those residing in the United States, Belgium, and France.

Trading Platform

However, clients are charged withdrawal fees from the broker. Spreads may vary for different accounts, financial assets, and instruments. For example, forex spreads 0.7 pips for EUR/USD, for EUR/GBP spreads 0.9 pips and for GBP/USD 1.3 pips. Traders can invest with platinum accounts and gain the benefits of the advanced services of the broker. LimeFX has partnered with SignalCentre to offer its clients buy and sell signals as market conditions change throughout the day.

Our reviewers were happy to see rarer asset classes included such as indices. Indices offer you a great chance to diversify your portfolio and LimeFX’s selection is impressive. Alongside huge global indices , you can also trade European indices such as the CAC 40, Euro Stox 50, and the FTSE 100.

You can make your deposit via credit or debit card, bank transfer or e-Wallet. The minimum deposit with LimeFX is 100 USD/GBP/EUR if you decide to deposit funds via a debit credit card or via an electronic wallet. If depositing via wire transfer, the broker maintains a minimum amount requirement of 1000 USD/GBP/EUR. LimeFX does not have any restrictions regarding the maximum amount a client can deposit. LimeFX offers variable spreads, meaning the buy and sell price of an asset fluctuates when the market becomes volatile.

  • The minimum deposit that is required to deposit is $250, and the trader can use different base currencies such as USD, EUR, AUD, GBP, and several more.
  • LimeFX is MiFID-compliant and regulated by CySEC and the National Bank of the Republic of Belarus.
  • To create a comprehensive review of LimeFX, we tested the MetaTrader 4 platform on several devices.
  • LimeFX allows to trade in mega-companies like Apple, Google, Tesla, Emirates, McDonald’s, and more.
  • Moreover, LimeFX offers users to trade on the most popular trading platform in the market, the MetaTrader4 .

What is your objective to choose a particular broker whether to trade Forex pairs, stocks, crypto or commodities? All these questions you need to ask before signing up for a broker. Here we are going to talk about the LimeFX in detail to give you a perspective on this broker.

Knowing if a stock is riskier or not allows you to make an informed decision about whether or not to invest in that stock or ETF. Have a question limefx reviews for a CEO of a company you’ve invested in or are thinking about investing in? With Public’s Town Halls, you can connect with founders and CEOs.

This broker offers Metatrader 4, one of the most popular trading platforms for people in the trading industry. This software can be downloaded, and it needs to be installed. Each account has several features that cater to different types of services to the traders.

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