LimeFx Review Updated YEAR : Broker Pros & Cons Reveale

Initially serving traders in the Commonwealth of Independent States (CIS), the broker quickly grew to include customers from Asia, Latin America, and others worldwide. However, you must verify your identity and funding method before funding your trading account. You can deposit funds into your trading account via your browser’s area or the LimeFx app.

1. As you know, LimeFx works with good conformation to regulations.
2. Traders also get 18 commodities, 16 indices, 27 cryptocurrencies, 2 bonds, and 437 equity and ETF CFDs.
3. A stop-out threshold between 20%-40% acts as a safety measure by automatically closing out on all trades if there’s any chance for a negative balance entry into your account.
4. Per AML rules, the name on the payment processor and LimeFx account must match.
5. The swift LimeFx online account application takes less than 30 seconds to complete and asks for a name, e-mail, phone number, and desired trading platform.

Since its start in 2016 they have emerged as a top player in the field of online trading. LimeFx has a highly aggressive and full-featured trading site that is focused on currency, indices, metals, shares, commodities. It’s essential limefx courses scam to be vigilant and methodical in your LimeFx broker selection to protect your hard-earned money. Performing your due diligence and researching the credibility of LimeFx, its track record, and reputation is vital.

Traders should review the details provided by LimeFx to understand the full scope of features available to them. Safety starts with regulations and depending on how many regulators are overseeing the broker, we can determine how safe it is to hand our capital over to them. LimeFx is regulated by the Financial Services Authority (or FSA) in St. Vincent and the Grenadines. Regulated by any authority is already a big thing for Forex brokers, but having only one overseeing authority is still not enough. In today’s review, we will discuss all the necessary details for traders to know before opening an account with LimeFx and see what they offer. Skrill has several licences that permit it to provide its services across Europe and globally.

Why does LimeFx ask for my passport?

LimeFx also has the MT4 MultiTerminal for asset managers and traders with multiple accounts. A competitive ECN trading environment with audited and verified order execution. LimeFx boasts a diverse portfolio of tradable assets, catering to the various interests and strategies of traders. Commodities are known to be a safe haven during an economic crisis like the current global situation. LimeFx offer soft and hard commodities, as well as metals and other goods. There are 18 total commodities available as of now including oil, coffee, corn, wheat, and many others.

This service stands as a testament to the innovative blending of simplicity and functionality. Withdrawal fees depend on the payment processor, and LimeFx processes all requests within 24 hours. Minimum withdrawal amounts vary based on the payment processors, but all are low. There are no maximums, except for credit/debit cards at $3,000 daily. Deposit and withdrawal currencies are US Dollars and Euros, plus all supported cryptocurrencies.

While it is relatively cheap to trade your favorite cryptos on LimeFx, spreads on cryptos are always high and can increase to $12 per BTC for the BTC/USD pair. All content on comparebrokers.org is intended for educational purposes only and should never be considered financial advice. We do not recommend or advise that investors buy or sell through any financial instrument like commodities, securities or stocks. Skrill (formerly Moneybookers) is a digital wallet company that was founded in 2001. It provides a variety of online payment and money transfer services.

Is LimeFx a good broker?

Pros can use the Demo account to test their trading strategies before applying them to real markets. Each of these accounts has got some advantages and disadvantages according to spreads and fees. LimeFx is part of the Investors Compensation Fund and keeps clients’ funds in segregated accounts.

Which Markets Can You Trade with LimeFx?

Everything is real during a demo trading, except the funds are fake. A demo account can be traded without risking real money or having to fund your account. Payoneer, an American financial services company, offers online money transfer and digital payment services. Aside from trading charges, online brokers also bill non-trading fees.

These platforms are packed with a range of features tailored to accommodate varying trading styles and strategies. The app will require login before you can access any of its features. MetaTrader 4 and 5 can be used on all devices as well, offering both desktop and mobile apps. They offer the flexibility of using https://limefx.vip/ the same credentials for all devices, making it convenient to monitor your trading activities from anywhere. But mobile apps come with downsides as they are generally limited by the number of available indicators and analysis tools. The spreads are dependent on the account type the trader is operating on.

Because of this, brokers should offer different account types to appeal to all trader types. Scalpers prefer the lowest spreads, while day traders want to trade with lower overnight costs and smaller commissions. Andorid mobile devices and tablets are used by millions of people globally. The Android LimeFx MetaTrader 4 application enables traders to make the most of multiple advanced trading features which enables them to monitor and trade quickly on the go, simply and securely.

✅There are 11 commodities mentioned, typically energy, agriculture, and other raw resources, allowing traders to bet on price swings in critical and frequently used items. Yes, currency conversion costs may apply to transactions in a currency other than your account’s base currency. LimeFx’ withdrawal costs vary by method, with some incurring charges. Overnight fees, or swaps, are payable when positions are maintained open for more than 24 hours, and the costs vary depending on the item exchanged. These fees are industry-standard and change in response to market underlying rates. For busy traders who require a constant connection and portfolio management capabilities, the LimeFx app is a practical tool that proves highly useful.

The broker provides an extensive educational section on its website, which includes beginner guides, webinars, video tutorials, and in-depth articles on trading techniques and strategies. Furthermore, they offer a comprehensive glossary of trading terminologies and an FAQ section to assist newcomers to the trading world. For advanced traders, LimeFx provides technical and fundamental market analysis, as well as access to Expert Advisors for automated trading strategies. This focus on education demonstrates LimeFx’ commitment to supporting its clients at every stage of their trading journey. You may use this feature to build your faith in the machine as well as yourself and your trading strategies. MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser.