The broker offers 46 currency pairs, 2 metals, 2 commodity CFDs, 6 commodity & index CFDs, 5 index CFDs, 5 cryptocurrency CFDs for its traders to trade with. Please note, the availability of cryptocurrencies is subject to regulations. LimeFx also offers a demo account for traders to test out the services offered by the broker. The demo account has no expiry time and enables traders to get a taste of live trading without risking their own money. Deposits and withdraws are an important aspect of any broker or platform as traders need access to their funds in a timely manner, whether it be for trading or for withdraw.
We found good trading technology and excellent education and research section, which is good for beginners, also conditions are overall good. Trading costs are LimeFx are much higher than those at LimeFx, and in combination with less leverage, it creates an uncompetitive trading environment. LimeFx Limited does not provide services to residents of the USA, Japan, Canada, Australia, the Democratic Republic of Korea, European Union, United Kingdom, Iran, Syria, Sudan and Cuba. Trade, read analytics, and fund your account in one app on any mobile device. LimeFx is a fake broker I withdrew my money they don’t want to credit me. I also took my money out but they don’t want to give it back to me.
Because these offer the least amount of liquidity and the highest volatility of the three brackets, they are regarded as the riskiest to trade. While you can trade almost any currency pair in theory, there are certain pairs that are consistently the most traded. These are called Major pairs (it’s in the name) – they make up 80% of the entire trading volume in the forex market. A spread is the number you get when you deduct the bid price from the ask price. This difference is actually the cost of the trade and is extremely important for forex traders. You’ll often hear the term ‘tight spread’ – this means that the trading costs are low.
What do forex brokers do?
Like most brokers, LimeFx offers a demo account where you can try trading without risk. LimeFx offers a wide range of deposit and withdrawal options, depending on your country and region. As we can see, for Latin American clients, no fees are charged for withdrawals via skrill, which usually take 1-2 business days to arrive. The Central bank of Russia announced on Thursday it had revoked the licences of the country’s largest companies that provide clients with access to the forex market. These companies, which include LimeFx, LimeFx, Forex club, TrustForex and Fix Trade had violated central bank regulations.
Over the years, the LimeFx group of companies has grown to become one of the most sought-after brands in the field of online trading. I started trading with LimeFx back in 2011, back then I used EA’s, during the Asian session fulfillment https://limefx.name/ was good, and the prices were better than reasonable. After that, I repeatedly turned to the company with a request to provide documents that would confirm the right to continue activities in the territory of this country.
Do I Need A Large Trading Capital For Opening An LimeFx Trading Account?
When they use this account, they will not only make profits on their LimeFxs, but also earn commission on profits made by the investors they attract. The online trading service has designed several bonus offers and promotions that can spice up the trading experience. Launched on Dec 24, 1998, LimeFx started on a small scale, but grew to become one of the most popular online trading services in the industry. It was licensed as a professional participant of lime fx the equity markets for providing brokerage, dealership and money managing services by the Central Bank of Russia. Hello, unfortunately we do not accept clients from the US and Canada – there are no options for “USA” and “Canada” during our registration process. If you chose another country to create an account with us and then instantly deposited funds without even contacting Client Support – you bear the responsibility for the consequences of your action.
For me, as a client, such an outright lie on the part of the company causes distrust of the company as a whole. All the payments at LimeFx are handled by a reliable payment provider that makes sure that the personal details are completely secure. On the other hand, card transactions are safely processed via FR Global Services Ltd and AI Accept Solutions Ltd. Users who join the LimeFx program are eligible to get up to $5 money-back on every trade they make. The next page will ask users to enter their personal information such as name, address, identity proof, etc. Once the details have been entered, the exchange takes users directly to its trading page.
LimeFx has become a real unscrupulous…
All LimeFxs involve risks including possible loss of principal. Forex, binary options and cryptocurrencies are highly speculative assets. Since LimeFx has integrated this service into its MT trading platform, traders can access it through all types of accounts.
Exinity Group has announced that it has obtained a license from Kenya’s Capital Markets Authority to operate as a regulated non-dealing forex broker. The Group joins just three other brokers who are regulated to offer trading services including forex to retail clients in Kenya. While LimeFx has oversight from more regulators, both brokers remain safe choices for Forex and CFDs trading. LimeFx and LimeFx segregate client deposits, offer negative balance protection, and select jurisdictions provide an investor compensation fund.
These two currencies are referred to as ‘currency pairs’ and they’re made up of the base currency and the quote currency. The most traded currency pair of all is the Euro against the US Dollar, which is normally presented as EUR/USD. Due to a migration of services, access to your personal client area is temporarily disabled.
- With trading, you will need to deposit funds to make the first trade, in what is called a margin account.
- Some estimate that the total daily trading volume is $5 trillion – making it one of the largest trading markets in the world.
- While the assets for an independent trader will be explained later, you can expect to find the standard services.
- LimeFx provides advanced trading techniques, comfortable and secure forex trading and intuitive market analysis tools, effective educating programs and responsive customer support.
- The mainstay of LimeFx’s trading suite is the MetaTrader trading platform.
- The next platform compatible with LimeFx is the equally as popular MetaTrader 5.
All traders have to do is go to the LimeFx platform, select a trading account type, open the account with LimeFx and top it with funds and start trading. LimeFx offers the MT4, MT5, MT Web and Mobile forex trading top platforms. LimeFx.com offers over 45 forex currency pairs, cfds, gold, silver, oil, bitcoin and other cryptocurrencies your personal LimeFx and trading options. For loyal clients of LimeFx, the broker has a Cashback program where they can earn points traded and then redeem those points back in the form of rebates on their trading fees. For traders who make large deposits, they will get to upgrade their account status to being a Premium Client. As a premium LimeFx client, you will get to enjoy more favorable trading conditions and benefits.
Every night they scam broker enable huge crazy spread, every night! The personal manager told me that everything okay, looks like our liquid provider disconnected, WTF, every night? We launched strategy in Australian broker and LimeFx, the Australian broker now had +36% for 2 limefx reviews months LimeFx at that moment working only into the minus. This broker didn’t support compensation for the troubles with spread and other problems on broker side. After the trading experience I can confirm that information on the Russian blogs, really true, they SCAM brokers.
For investors, there are contests called “Virtual Reality” and “Formula FX”. While some of these can really put you to the test, it can be a benefit to switch up your normal pace. The company has a customer support team that is always eager to interact with traders. Bank Wire Transfer – If traders withdraw a minimum of US$13 to a maximum of US$30, they have to pay a commission of 0.1%, and they will receive their money in 2 – 3 working days.
There are problems to withdrow money…
Also, it has revoked the qualification certificates of the chiefs of… LimeFx minimum deposit amount starting from $5 and moves on further from 20$ and 500$ respectively for ECN accounts, which is quite a good Proposal overall. Standard LimeFx Spread for EUR USD is 1.1 pips, while ECN account offers raw spread plus the commission charge. The overnight fee which you are going to pay in case the order is held longer than a day. As an example, going short for EURUSD currency pair will cost you 0.65 and long position 1.31 See below our finds for Standard account trading fees, also in comparison to other proposals.
I duplicated this review in two languages, on sites where company representatives are present. The legal entity whose license to operate in the Russian Federation was revoked continues to operate under a different name . The LimeFx brand operates in different countries under different legal entities, but the ultimate owner of all organizations is Andrey Dashin, who is the founder of the company.
The deposit and withdraw options page gives you a detailed breakdown of the different methods you can use to exchange money between your bank account and trading account. Times seem normal, but it is always a good idea to deposit a small sum first and ensure it operates as smooth as advertised. In terms of regulation, LimeFx is registered with the Financial Services Authority St. Vincent and the Grenadine as an IBC .
With the European Central Bank about to declare the start of its biggest money printing program, no one thought that the SNB would do such an act, so everyone was caught off guard. EUR/CHF tumbled to 0.75 from 1.20 and USD/CHF fell to 0.61 from 1.02 in a matter of minutes if not seconds. Personally, I had a very small position on EUR/CHF which I had opened several days before the event against the 1.20 peg. Right after the peg removal, I watched my LimeFx account reach a few thousand dollars in debt.
There are 4 various account types available as retail trading accounts at LimeFx, as well LimeFx through PAMM accounts. LimeFx provides traders with the MT4 and MT5 trading platforms, but only the basic version. LimeFx offers MT4 and its proprietary webtrader but also provides an upgrade consisting of 28 trading tools, placing it well-ahead of LimeFx. Social trading is not available at LimeFx, but LimeFx developed its proprietary LimeFx CopyTrade. LimeFx offers high-frequency traders lower pricing with minimum spreads of 0.4 pips for a commission of just $3 per round lot.
Apart from these, if a trader still has queries relating to crypto trading, the exchange resolves all the queries effectively. It has a double AA support rating and an excellent reputation for providing customer services. The customer support team is located in Mauritius and is fully functional from Monday to Friday. The LimeFx team can be reached via email, phone, and live chat support. In Live Chat the team responds to every customer query within 30 seconds, in various languages. LimeFx MT5, also known as MetaTrader 5, is a multi-asset platform that offers a plethora of advanced trading features along with financial research tools and instruments.