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The team can be easily reached via online instant web chat, email and multiple phone lines for various locations. A frequently asked questions section is available on the website which can be a good way to get answers to your questions right away. The broker is also readily available on various social media platforms.
The broker offers the standard contact forms for traders who need help or guidelines regarding their account, funding, the market, etc. You can reach the LimeFX support team via e-mail, phone line, live chat, and even fax. The customer support is at your disposal 24 hours a day, 5 days a week. If you should have any questions or concerns, just turn to the support team which will kindly help you. Well-known within the forex broker community, LimeFX has earned its place.
- Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
- LimeFX offers following assets to be traded on MetaTrader 4, 5 and cTrader.
- Taking “short” or “long” positions for a specific stock is possible without having a physical share.
- Stay with us to mention important points about these types of accounts.
The accounts labeled “NDD” are no dealing desk type accounts, the other accounts are market maker type. All accounts offer minimum trade sizes of 1 microlot (0.01 lots). CFDs are only available for trading in the MT4 type accounts, except the MT4 Cent Account. The minimum deposit is $50 and the minimum spread is 0.8 pips.
💵 LimeFX Minimum Deposit :
Once the requisite information has been entered, clients can easily proceed through the registration process, fund their account, and start trading Forex. Most brokers provide educational and training tools to help traders understand how to use charts and platforms, how markets work, build strategies, analyse currency pairs and what are the risks involved. Overall, because of its long history of responsible behaviour, strong international regulation, and transparency, we consider LimeFX a safe broker to trade with.
Simultaneously, LimeFX lacks essential security features like SSL software or firewalls to protect its clients’ transaction and personal information. You can also access technical indicators and apply them to your chart. At the time of writing, no bonuses and promotions are offered, as CySEC, the Cypriot regulator, has banned new bonuses and promotions. As far as we are aware, the LimeFX has never offered bonuses or promotions, which we find refreshing as we feel this is often the mark of a more serious broker.
Top Features of LimeFX
All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn`t imply direct instructions for investing. TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site. Forex pairs, cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. TopBrokers.com would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
CTrade is a platform which is suitable for both professionals and new traders. It connects to the markets in real time using No Dealing Desk technology. CTrader was developed in 2010 by Spotware Systems Ltd who are a Cyprus based fintech firm founded and headed by Andrey Pavlov. CTrader is available as cTrader web which runs directly in the web browser, a downloadable Windows desktop platform and Android/iOS trading apps which can be downloaded from the relevant app stores. It is important for the Clients to understand the risks peculiar to trading transactions in financial markets which may be rather high, according to research. Trading transactions in financial markets provide ample opportunities and allow well-informed and experienced investors who are ready to run a certain reasonable risk to gain a high profit.
This platform links traders automatically to the best quotes and different liquidity providers. LimeFX promotes three financial instruments as its products. Forex, which begins with low fixed spreads on 60 different types of currencies. Consulting, simple set up and registration, and easy withdrawal and deposit options are just some of the perks. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
For more trading details and company proflies abou this broker, Plaese check our full LimeFX review. According to laws and rules enacted by FCA, CySEC and BVI FSC, a licensee shall open segregated accounts for their client funds as a protection of client assets. You must understand that Forex trading, while potentially profitable, can make you lose your money. And you definitely know that the amount of spread between currency pairs is different in different brokers. With the comparison we have made, we have mentioned the best forex broker in terms of spread in order. In the following, we will compare these brokers in terms of spread, regulation, etc., and you can choose the right broker according to the type of transactions you intend to do in the forex market.
Review of the best Forex broker in terms of Persian support
We can infer that the broker could not care less about the education and knowledge of its clients. It is essential that the financial service providers imbibe an all-inclusive education section for traders https://limefx.club/ and regularly update it. Learning the theory of trading and markets will help traders develop robust strategies and trading plans. The broker offers web and mobile trading via the MT4 trading platform.
This allows you to maximize profits while learning the patterns of the market. Automated Trading, and PAMM give traders using LimeFX more resources to increase profits and stay aware of what is going on with accounts. Convenience is import in this busy world, and LimeFX recognizes that by offering compatibility with PC, Mac, IOS, Android, and Windows. Having the ability to access accounts via apps means you’ll always have your trades at your fingertips.
- Regulation is actually an institution that monitors the performance of a broker in forex so that profit-seekers cannot commit fraud in forex transactions.
- With credit cards, there are no commissions and deposits are typically received within several hours.
- The base currencies accepted are the United States dollar, the pound and the euro among others.
- Their support is poor as they don’t call or respond to live chart.
- The broker offers no dealing desk accounts only which are divided according to platform type.
The MT4 Cent account requires no minimum deposit whatsoever, and allows trading with floating spreads starting at a minimum of 0.6 pips. This account is ideal for automated trading in very small quantities. The MT4 Fixed account requires a minimum deposit of $300 and allows limefx trading with fixed spreads starting at a minimum of 2 pips. The MT4 Floating account requires a minimum deposit of $300 and allows trading with variable spreads starting at a minimum of 0.8 pips. This account is ideal for long-term trading with variable spreads.
“Forex for beginners” is a detailed page where information is provided on important market information that will help traders gain knowledge and understand the world of forex trading better. Commissions charged on the MT4 NDD, cTrader NDD and MT5 NDD accounts range between 0.003% and 0.005% of the amount per transaction. Minimum spreads range between 0 pips and 2.0 pips, depending on the type of account.
LimeFX’s Trading Fees
Traders have to pay a fee for following a particular signal provider in addition to a subscription fee for using the service. Overall, LimeFX’s trading costs are around the industry average. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in the use of our website. Claim your profile to access Trustpilot’s free business tools and connect with customers. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations.
This has become a more and more popular way to trade online for the modern trader. The Academy brings together experienced teachers and practicing traders. Their common task is to help you understand the basic principles of the financial markets and teach you to apply the knowledge gained in practice. As directed by the regulatory authorities, all clients’ funds are held in segregated accounts. This is to prevent them from being used by the broker for operational costs. In the event that the broker becomes insolvent, client funds that have been safely kept in the segregated accounts can be returned to them.
These fees and commissions vary on each clients’ financial institution and any premade arrangements. FXreviewsaccords traders and investors with some of the best hand picked brokers that can harvest their needs for booking profits in the world of financial market. This is evident in the extensive licensing and regulation, and compliance standards at the company. LimeFX has been operational since 1998, and has an established reputation as a safe, secure and reliable broker.
Forex Awards shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the press releases or reviews made by the site contributors about the LimeFXpanies. The entire responsibility for the contents rests with the contributors and commentators. Reprint of the materials is available only with the permission of the editorial staff. LimeFX’s accounts were assessed to compare the costs to those of other forex brokers.
Some brokers claim to sail through the trading with utter transparency and honesty. But in the back, give way to malicious money minting machines. The broker claims that it facilitates a transparent trading experience and keeps its clients and customers’ security foremost. In this review, we will talk about why you should not go with LimeFX. A dedicated FAQ section is also available to clients, partners, and investors. It is also best suited to clients who don’t have a lot of money available for investing in Forex.
The MT5 and cTrader accounts come with a minimum deposit of $500. Both accounts offer deep liquidity and include some extra features (e.g. account management, etc.). LimeFX, founded in 1998, is a Forex and CFD broker headquartered in the British Virgin Islands, and regulated in Cyprus under CySEC.