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LimeFX Review 2023 Trade forex and 300+ CFD instruments

LimeFX reviews

You can choose from a good variety of flexible account conditions and generous range of funding methods. I have no problem with the provided user-friendly platforms, whilst they offer plenty of trading tools for conducting in-depth market analysis and an excellent range of resources to educate beginners. Strict regulation helps to give clients peace of mind whilst the support team is very prompt and efficient. If you want to get started, signup takes just a few minutes and the minimum deposit is only $1.

  • The freely available educational materials comprise a small selection of videos and tutorials that cover key concepts, margin trading, technical analysis, swaps, futures, and currency pairs.
  • The advisors from the LimeFX team always take the initiative to respond with this message “Thank you for choosing LimeFX”.
  • The bonus can be deposited to accounts that were opened after June 15, 2013.
  • LimeFX EU does not supply essential third-party plugins to transform the platform’s out-of-the-box functionality into a fantastic solution.
  • MT5 offers additional features such as more advanced charting tools and the ability to trade multiple asset classes on the same platform.

These accounts also work for all types of traders, allowing a trade to be settled with classical spread and no fees. The main advantage of this type of account is its universality, as often, a trader can change the trading leverage and work with a deposit size convenient for them. LimeFX EU is part of the LimeFX group of companies and received its CySEC license in 2015, after being operational since 2007.

After using their service for a long…

For ECN account the average spread is floating 1.2 and for ECN pro 0.8. Cryptocurrency is an online digital currency based on complex mathematical algorithms. It is decentralised which makes it resistant to government interference or manipulation. The FAQ section of the website has a vast range of commonly asked questions with comprehensive answers. Topics include general account questions, platform questions, trading tool questions, etc. LimeFX have a few extra add-ons for the MT4 platform including magic button and one click trading.

Almost all brokers, including LimeFX, provide the opportunity for beginner traders to work on demonstration accounts. You can open a demo account without registration and for zero cost. Trading account types differ by the methods of accounting spreads and commissions, which are picked by the trader opening an account. LimeFX offers different types of partnerships, and Introducing Brokers is one of them, where all registered affiliate partners can earn up to 67% of the company‘s profit. All they need to do is join a team to generate revenue from every trade. They also get a personal manager who provides an individual approach to developing a thriving affiliate business.

Deposit taking too long

LimeFX is a worldwide brokerage brand that offers forex and CFD trading and excellent all-around service to seven million consumers. LimeFX has established itself as one of the most well-known and rapidly rising worldwide brands with multiple high-profile sponsorships. Hello, we always advise to read all startup bonus agreeement conditions before any actions. Also you can always write to the support service to clarify any questions.

Standard accounts are relevant for standard trading terms on the forex market and function without fees. Once a trader gets access to all trading instruments, they pay a fixed spread setting a trade. A web trader branded WebIFX is listed, but no details are provided about it. It remains unclear if this is a version of the MT4 web trader or an in-house developed trading platform.

Worst experience ever.Five days just to…

It provides access to all trading instruments, where traders pay a floating spread per every deal that is 1.2 pips on average. The account of this type does not demand any spread to be paid while opening a trade but a commission is charged. For most currency instruments scammed by limefx under Insta Eurica account type zero spreads are applied. The offered price runs higher than the BID price by half of the standard spread for a given trading instrument. I like how there are over 10 ways for you to make account deposits and withdrawals.

LimeFX also insures all client money through the Investor Compensation Fund (ICF). The objective of the ICF is to secure any claims of covered clients against members of the ICF by paying its clients compensation in the event that the company is liquidated. Although LimeFX maintains permission from the FCA, this is only temporary, and so UK residents will be trading under the CySEC-based entity. A top-tier regulator, CySEC is credited with active regulation of the markets, and proactively making changes to protect clients. The trader should remember that the option price is fixed at the time of opening of the candle.

Best Cashback Forex Rebate Brokers

For final though about LimeFX we found highest levels of quality working in accordance with international laws and local standards. LimeFX trading costs offers a range of various floating spreads depending on the technology you use. Also, according to the preferences you select through your account area there are options to choose the fee method and use either spread or commission basis.

LimeFX reviews

The platform also offers a range of account types to suit the needs of different traders, including standard accounts, cent accounts, and ECN accounts. The exception remains the Insta.Eurica account, marketed as ideal for new traders and offered as an option for professional traders. The spread of 0.0 pips on major and minor currency pairs with a low commission between 0.02% to 0.07% of the deal value produces the best trading account available. It remains the sole option offering an extremely competitive trading environment and no minimum deposit is required. Experienced traders generally prefer to pay higher minimum deposits for tighter spreads. LimeFX’s four market execution accounts have higher minimum deposits, but tighter spreads – ranging between 0.5 and 1.2 pips on the EUR/USD, which is competitive.

Where is LimeFX based?

About LimeFX

It is based in Moscow, Russian Federation.

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