The broker’s customer support team responds promptly to reviews on the Trustpilot page, indicating their commitment to ensuring the best user experience. 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, https://limefx.group/ which can take up to one hour. The proprietary copy trading service, which requires a minimum deposit of $100, presents a quality alternative to the embedded MT4/MT5 copy trading services. LimeFx also has a VIP program, upgrading the LimeFx trading experience significantly via up to 30% reduction in trading fees and increased cashback.
- This protective method significantly shields both trader funds and broker exposure risks.
- The reason for this is that the companies of online brokerages are scaled much better.
- It is intended for educational purposes only and should never be considered financial advice.
They also have a Telegram channel and email support is working properly. There is only one downside here, we weren’t able to find an online form. But since other support channels are working fine, this is just a minor inconvenience. Live chat, which is the most important support for any trader, is working well, and the personnel seem polite and knowledgeable, quickly answering questions on any topic asked. LimeFx is a globally recognised broker with 1,000,000+ customers.
What are the withdrawal fees at LimeFx?
The MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements. Below we take the main parts of any reputable online broker and compare LimeFx against Startrader, and freetrade.
Most of the robots become available for $1000 accounts, with some bots requiring $2000 and even $5000 deposits. LimeFx perpetually positions itself at the forefront of technological evolution, incorporating groundbreaking technologies to facilitate optimal trading conditions. The clientele is endowed with comprehensive tools essential for both independent and algorithmic online trading. The broker integrates modern trading platforms and advanced liquidity aggregation technologies along with STP and ECN mechanisms, offering direct access to the interbank market. The initial deposit threshold for an ECN account is pegged at a modest $200. LimeFx is a renowned online broker that provides a platform for traders to access and engage with various global markets.
The process is very simple and intuitive, just a few personal details will be sufficient to get you started. Other deposit methods you can embrace are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is a possibility also, even though it takes about 4-7 days. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
This is an essential mechanism for novice and experienced traders to learn and examine their trading strategies. The Demo Account portrays the authentic marketplace status, easily accessible by all traders. They offer different account types for various trading needs and Islamic trading options for those who want to adhere to Sharia laws. MetaTrader 5 stands as a revamped, cutting-edge multi-asset platform designed to provide an enhanced trading experience.
I also like that LimeFx ensures traders operate from a trustworthy and secure trading environment. And all the conditions are arranged to the detriment limefx review of the customer and to the destruction of the customer’s account.. The support was called and they were supposed to follow up, but there was no news..
The LimeFx phone support team was able to successfully address our questions and issues via phone. We tested the multilingual LimeFx team by making calls in various languages. LimeFx made an effort to make sure all of our questions were answered. We tested the livechat experience with LimeFx and it works well. We sent messages via LimeFx livechat via their app and web site and received a response after 10 seconds. Understand the capabilities of the mobile apps of LimeFx, Startrader & freetrade below.
Recent customer reviews of LimeFx
For the withdrawal of the original money, which was 1000 dollars, they also reduced the commission by 6 dollars..I do not suggest this broker.. Both platforms are available on desktop, web, and mobile platforms, offering flexibility for traders who wish to monitor their trades and the markets on the go. LimeFx offers 539 total trading instruments in different asset classes. This is a very competitive number for assets as traders can trade almost all popular instruments, from Forex to cryptos, with high leverage to boot. The main assets offered for trading include Forex pairs and stocks.
How do I withdraw from LimeFx?
LimeFx offers customizable demo accounts on the MT4/MT trading platforms, but the default balance of $10,000 is high. My review did not uncover a time limit, suggesting that LimeFx understands the requirements of demo trading. I recommend traders use the demo account registration of MT4/MT5 and use similar settings to their preferred live portfolios for a more realistic demo trading experience. LimeFx has four account types, one being a dedicated cryptocurrency trading account. The three commission-based options feature relatively high trading fees, between 1.3 and 3.0 pips or $13.00 to $30.00 per 1.0 standard round lot for a minimum deposit of $100. The commission-based ECN alternative delivers competitive costs with raw spreads from 0.0 pips for a $5.00 commission and requires a $200 minimum deposit.
The platform also boasts an extensive marketplace featuring custom indicators and Expert Advisors (EAs). Overnight or rollover fees, which are considered interest, are waived. All account types can be easily converted to Swap-Free Accounts except PAMM accounts, ensuring adherence to Islamic financial standards without hassle. Even so, the broker has taken steps to assure its clients of its commitment to providing a safe trading platform and securing their funds. By opting for LimeFx, you are choosing a trading partner that is devoted to offering not just a platform but an enriching trading journey.
