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This account has a range of 36 currencies, CFD and U.S. stocks, CFD on oil, Metals, and cryptocurrencies. The LimeFX broker organizes various contests with prize pool up to several thousand USD for its customers regularly. Moreover, the clients can get a big number of pleasant bonuses. For example, you will be deposited $30 for additional verification of your account, first deposit bonus with cash rewards from 50 up to 115%.
In addition to the account tiers each trader is eligible to join the VIP program. This program has three levels – Silver, Gold, and Platinum, with each giving an increase in bonuses and cash-back. The Bronze level is activated once a client’s account balance reaches $3,000 and it gives a 20% cash-back bonus, a dedicated account manager, and improved order conditions for those using a VPS. As a further protection the broker has obtained additional insurance to meet the obligations to its clients at all times. This international license is issued by an organization with offices in Hong Kong and the U.K. The purpose of TFC is to provide a neutral arbitrator when needed, and to provide clients with insurance coverage up to €20,000 in the event of financial distress in the company.
Deposit & Withdrawal Fees 💳
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If you’re unsure about exactly what to look for in fees, it’s best to read our guide on commissions and spreads. LimeFX generates revenue through the spreads and commissions it charges on its range of more than 9,400 assets. This is a normal method used by scammed by limefx forex brokers to make a profit and keep the lights on. LimeFX uses a hybrid forex business model that positions it as a market maker on its Cent Accounts as the small trade size is lower than the minimum needed for its straight-through processing model.
Offer of the month
LimeFX is a market maker broker with a wide variety of accounts, including ECN options. It offers excellent trading conditions, with low minimum deposits, low commissions, and tight spreads on its ECN accounts, and average trading costs on its commission-free accounts. It also provides support for numerous trading platforms, including MT4, MT5, c-Trader, and R-Trader, and a host of trading tools. LimeFX is a leading provider of online foreign exchange trading, CFD trading and related services. We start with a focus on customers where specialised expertise, attention to detail, and follow through are seen as important aspects to all of our interactions.
Step 3 – Even though you are automatically assigned an MT4 Standard & ECN Account upon registration, you can opt to open a new account with different conditions. In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focused on how long the broker has been in business, the company’s size, and how transparent they are in terms of readily available information.
Is LimeFX Safe?
Don’t forget that leverage not only increases the potential of high income, but it increases risks as well. As of 2019, the number of users has reached 3.5 million, and it still continues to increase at a swift pace. As our LimeFX review shows, the company is constantly developing and changing. WikiFX Internet and its mobile products are an enterprise information searching tool for global users.
- This means that even the account managers are either not real, or they are just lazy.
- The RAMM functionalities of the site are well aligned with the LimeFX goals of C-suite traders.
- CTrader is one of the most beginner-friendly third-party trading platforms available.
- Besides the four direct trading platforms offered to clients there are an additional two social trading platforms that clients can take advantage of at LimeFX.
- According to the Bonus program rules, the Company has the right to deny a client in receiving the bonus.
Soft commodities are those that are a result of agricultural activities, such as wheat and flour. These include everything from gold and silver to crude oil and energies. Also, trading with high leverage might get very risky for beginners.
LimeFX Withdrawal Methods
This broker allows Expert Advisor Automated forex trading on their metatrader4 and metatrader5 trading platforms. This forex broker provides MetaTrader 4 software which is the best currency platform according to traders reviews. The broker also charges commissions per traded lot on instruments from different asset classes on a Prime account. The commissions on currency pairs and gold are mostly low compared to the broader industry; on crude oil and CFD shares they are high, while the commissions on indices are average. As a whole, LimeFX’s account types fall into two categories in relation to its trading costs—those with lower spreads but higher commissions and those with no commissions but higher spreads. Some of the strictest regulators in the industry mandate brokers to have compensation schemes to protect their clients against their corporate risk and liabilities.
- For ECN accounts, the minimum spread starts from 0.0 pips, and up to 15% of the company’s revenue is rebated.
- This is because when trading a USD quoted currency pair with another currency account, there will be a small conversion fee for every trade made.
- Feel free to use currency pairs, oil, gas, popular shares, and indices, precious metals in the form of trading instruments.
- This diversity of instruments makes the broker equally suited for both risk-averse traders and high-risk takers, while the several available platforms cater to the needs of all types of chart artists.
Additionally, payment processing times are around the industry average. LimeFX has four CFD account types and one LimeFX account . Some accounts are suitable for beginners and others for more experienced traders. At Trading.com, we’ve focused on simplicity, without sacrificing precision.
Other account types will see varied access to the assets on offer. For example, most account types have access to 36 different currency pairs. They also have CFDs on several stocks, indices and crude oil. The ProCent platform https://limefx.vip/ only has access to the 36 currency pairs, and metals. Besides the four direct trading platforms offered to clients there are an additional two social trading platforms that clients can take advantage of at LimeFX.
Staying on top of important market news announcements and being aware of big themes can be very helpful. The rating system provides a clear picture of how well your broker fulfills this service. In turn, the R StocksTrader, Pro, and ProCent accounts are a better fit for high-volume traders who execute fewer trades. They can benefit from commission-free trading and minimise the charges incurred from the higher spreads. In order to achieve your trading goals, you need to choose the right account. We evaluate each broker’s account types, how easy it is to open an account with them, and the steps involved, so you can decide if it is worth your time to open an account.
CTrader, which is very popular among experienced traders, is also offered by LimeFX. If you prefer order execution speed and unconventional instruments to implement your trading strategies, this platform might be a perfect choice for you. You will get access to 54 technical indicators and 14 timeframes, in addition to the rare types of orders. LimeFX offers traders a wide range of high-performance trading software, mainly MT4, MT5, cTrader, R Trader, LimeFX terminal. CTrader is suitable for experienced traders and has 54 technical indicators, 14 timetables, secondary pricing, and rare orders.
The spread is normal and the internal VPS service is really bad. It crashes often and you have to reset everything every time. The execution times that should be instantaneous in some cases even reach several minutes. It’s really true, you have an order and it opens or closes even 4 minutes after it hits that level.
The swap rates for leveraged traders are the cheapest I have seen anywhere, and the overall pricing environment for Forex traders is ideal for scalpers and high-frequency traders. If you have any complaints about order execution or trading platform operations, you can address/write them to our Company’s Dealing department and describe your issue in a ticket. In case you have any complaints about order execution or trading platform operations, you can write them to the Company’s Dealing department and describe your issue in a ticket. The only disadvantage, and huge one, is that you MAY have chance 2 times per month for a free withdraw, and the amount is strictly limited. Considering almost every broker allows unlimited free withdraw.
Therefore, the company took additional measures to ensure compliance with its obligations to the clients. By opening a demo account at LimeFX, you can test our trading conditions – instruments, spreads, swaps, execution speed – without investing real money. The company is very good for Forex traders, as it offers more than 120 currency pairs. For others, the broker offers bonuses on first deposits, profit share bonuses, welcome bonuses, cashback, special competitions, and many others.
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