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Online Trading in the financial market and trading in CFDs LimeFx Online Forex Broker

Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. 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. The proprietary copy trading service, which requires a minimum deposit of $100, presents a quality alternative to the embedded MT4/MT5 copy trading services.

  1. LimeFx is also a member of the Hong Kong-based Financial Commission, which has a compensation fund of up to €20,000 per client.
  2. LimeFx also has the MT4 MultiTerminal for asset managers and traders with multiple accounts.
  3. LimeFx also pays a bonus for traders who switch from another broker and if they want to transfer open positions.
  4. Supported account currencies are the US Dollar and the Euro, while the cryptocurrency account is a Bitcoin-denominated option.

scammed by limefx supports credit/debit cards, cryptocurrencies, ADVcash, and Perfect Money as payment methods. Supported account currencies are the US Dollar and the Euro, while the cryptocurrency account is a Bitcoin-denominated option. The automatic stop-out level is at 20%, except for the EXN account, which is at 40%. My review did not uncover malpractice or fraud, and I rank this broker as a legit and safe brokerage with an excellent score for transparency.

I always recommend that traders check these before evaluating the total trading costs. The minimum deposit is $100 for all account types except for the ECN account, which requires $200. Terms and conditions apply, and I recommend traders read and understand them before requesting any bonus or promotion. Besides research from Autochartist, LimeFx publishes quality in-house research with actionable trading recommendations. It also maintains a Telegram signal service and explains its trades well. I rate the well-structured LimeFx research section among the best in the industry in quality and quantity.

How do I withdraw from LimeFx?

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, which can take up to one hour. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database. Unfortunately, we do not provide services to citizens and residents of this country. Withdrawal fees depend on the payment processor, and LimeFx processes all requests within 24 hours.

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Account verification is mandatory at LimeFx, as it complies with global AML/KYC requirements. Most traders will pass it by uploading a copy of their government-issued ID and one proof of residency document. Swap rates on leveraged overnight positions are also competitive, making LimeFx an excellent choice for all trading strategies as long as they select the ECN option. MT5 offers advanced trading functions and superior tools for comprehensive price analysis, algorithmic trading and copy trading.

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The secure and user-friendly back office handles all financial transactions for verified traders, and nine payment processors exist. The swift https://limefx.name/ online account application takes less than 30 seconds to complete and asks for a name, e-mail, phone number, and desired trading platform. I appreciate that LimeFx does not engage in unnecessary data mining as part of its registration process. LimeFx offers educational content on its blog, with quality written articles. It lacks coverage of core topics and provides readers with reasons to trade Forex rather than educating beginners on how to get started.

I like the LimeFx trading environment for its low trading fees in its ECN account, VPS hosting, volume-based rebates, and cutting-edge trading infrastructure. The research section ranks among the best industry-wide, and Autochartist is also available. LimeFx presents a secure and trustworthy trading environment, and I appreciate its transparency and client protection. Over the past 16 years, LimeFx became one of the most competitive Forex brokers.

About this app

LimeFx LTD is registered in Saint Vincent and the Grenadines with registration number BC 2015 and the relevant registry operated by the Financial Services Authority (FSA). LimeFx’ execution qualityis confirmed by VMTand complies with bestexecution standards.

LimeFx also has a VIP program, upgrading the LimeFx trading experience significantly via up to 30% reduction in trading fees and increased cashback. Providing brokerage services in Latin America, Asia and CIS, LimeFx focuses on offering high-quality services and comprehensive support to its clients and partners. Our experts take an active part in various industry conferences and events, where they discuss trends and prospects of financial markets. Besides the volume-based cashback rebate and VIP programs, LimeFx features a promotion allowing traders to earn money, which they can transfer as a bonus to live trading accounts. LimeFx also pays a bonus for traders who switch from another broker and if they want to transfer open positions. LimeFx has four account types, one being a dedicated cryptocurrency trading account.

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