LimeFx Review 2023: Is It the Most Trusted Broker?

However, the broker platform of LimeFx does not allow cryptocurrency trading. The multi-asset broker platform also provides traders with comprehensive trading reports of profits and losses, performance in the metals market, time analysis, and more information. With MT4, traders get access to the Market Depth model along with an extensive charting package for the in-depth analysis of assets and financial markets which can help you in your trading need. LimeFx is a MetaTrader 4 trading platform specialist whose key feature is their tight ECN/STP like spreads. We would summarise LimeFx, offering as relatively generic, they offer the essential features needed for trading.

The platform of LimeFx operates in association with National Westminster Bank for the safe custody of the trader’s money that also includes minimum deposit fees and withdrawal fees. The platform accepts USD, GBP, and EUR and charges 2.9% of the minimum deposit amount as an initial deposit fee for making payment via debit or credit cards. It is therefore advisable for traders to conduct trading regularly or close the account altogether by applying for closure at the customer support help desk. It is mandatory to clear every due while closing the account at LimeFx. LimeFx accepts various payment modes and allows the trader to conduct the minimum required deposit and withdrawal of funds directly between the platform and the bank account.

LimeFx forex broker

Remember, leverage is a risky tool and can lead to significant losses when things go wrong so make sure you are aware of the risks when using this instrument. LimeFx LTD. is authorised and regulated by the Financial Conduct Authority in the United Kingdom . ACTBrokers introduces a variable minimum initial balance to open an account based on the branches. DO NOT USE THIS BROKER, They block accounts when you withdraw full balance. Enhanced MT Pro software for MetaTrader with a complete back office access.

USD/CAD H4 Chart

You already know the account minimum is 2,000, 3000 or 5,000 USD, depending on where you’re located. Users can currently only deposit funds in their accounts through either bank wire or UnionPay using either USD or EUR. Unfortunately, the brokerage firm does not accept popular payment methods such as PayPal, ChinaPay, Klarna, Mastercard. If you are in the USA and some other countries, you can’t even use a credit card.

  • Users are also able to reach out to the online broker community and liquidity providers through the app for assistance with LimeFx in assets.
  • If you want to withdraw your funds, you’ll need to go to your LimeFx account and select “Withdraw funds.” Keep in mind that when you remove your funds, ATC charges a withdrawal fee.
  • He has worked within the foreign exchange trading industry for several years and for several of the largest banks globally.
  • Select from the majors to the exotic currency pairs that suits your trading needs.

Wire transfer in USD, EUR and GBP is accepted and the card payment is limited to Visa, UnionPay, Skrill, and Mastercard. There are no transaction fees for card withdrawal but deposit and withdrawal in any other modes attracts processing and transaction fees. Your withdrawal request applied from the website will be processed in 1-2 business limefx official site days. Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. LimeFx offers many products, which include forex trading, metals, and CFDs, and Contract Specs.

CIMA Regulated

In CFD Rollover, the traders of LimeFx allow the CFD contracts to rollover automatically to the subsequent liquid contracts prior to the expiry of the current contract. Customer support service is available 24×7 over email, phone, and live chat on LimeFx. One may even receive personal assistance by paying a visit to the head office of the firm at 1 Fore Street Avenue, London. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You can search the FAQ section or connect with the customer service through email, fax or phone call.

LimeFx forex broker

LimeFx are best for serious traders since minimum deposits start from $2,000 which is quite high. Open an account with the demo trading interface of the mobile or desktop version to conduct trial trades before venturing into the live asset markets. Demo trading through the demo account is beneficial for beginning traders as well as experienced traders. Users at LimeFx engage in the trading and LimeFx of 35 international currency pairs that include major and exotic currencies as well as CFD indices like S&P 500 and Dow Jones. One also gets to trade in a variety of commodities including silver, gold, oil, and natural gas.

Understand what the market is expecting and make the right calls. Taking the MetaTrader 4 to the next level, by providing you with additional features that optimises your trading experience. During tomorrow’s Asian session, we are to get China’s Caixin manufacturing PMI figure for January.

Open real account or open demo account with LimeFx

The robot will be available in 2022 as soon as market tests are made public. Access to the world’s financial markets from one trading account. You can contact customer service through chat or email and learn more about trading through the site’s Learn section. ATC could probably do more for its users, but it’s a step in the right direction. The introducing broker platform also ensures the confidentiality of personal information and safeguards the customers against third-party users and hackers. For withdrawal, the platform has to visit the My Account section to withdraw money directly to the bank account after closing the trade.

This is what many brokers with the best spreads do, so in theory, LimeFx spread should match these brokers, but for whatever reason, their published average spreads don’t compare well. These minimum deposits for opening an account are really high, especially when compared with other brokers around the globe. Many brokers give users the option to open an account for free or have very low minimum deposit amounts. Users are also able to reach out to the online broker community and liquidity providers through the app for assistance with LimeFx in assets. The regulated ECN broker mobile application of LimeFx is available at the app stores of Apple and Windows, and Google Play store of Android devices. It is compatible with every operating system and can be installed on mobile devices like smartphones, tablets, computers, and laptops.

LimeFx forex broker

Get in touch with the brokers and the customer service team for help with trading and LimeFx. Consumers choose the assets for trading and set the interface of the platform with the parameters of their choice to conduct business in your styles and preferences. Traders wanting a richer trading experience will notice what they are missing. For example, the range of financial instruments for trading is quite limited, they only have 38 currency pairs, 9 indices and no share trading. It would also be nice if they included copy or social trading tools and VPS, a more extensive education library and market analysis tools. Every month, we gather the average spreads popular forex brokers list on their website for major currency pairs.

Beware of ATC

It is recommended to make minimum deposits via bank transfer as bank transfer deposits do not require any additional minimum deposit fee or withdrawal fee. For withdrawal, the fee is 25 GBOP or 30 EUR or 40 USD for international bank transfer. However, if one seeks quicker withdrawal of money, they need to make an extra payment of 10 GBP for faster payment via card withdrawals. Visit the official website of LimeFx and click on the “Start Demo Trial” button to start demo trading that is trading in assets without making any deposits.

Trading robots

LimeFx is a Forex brokerage firm based in the United States and was established in 2005.With the aim of providing transparent trading to its clients, it is registered by CFTC . The broker focuses on protecting the customers’ best interests with its commission based agency model, while offering more than 38 forex pairs for trading. Soegee is a broker regulated in Jakarta for more than 20 years and managed by Stephanus Paulus Lumintang. Following the new regulations in force concerning trading robots in Indonesia, the team of Pantheratrade has approached the Broker Soegee Furures in order to form a partnership. Thus the ATG and ATC robots will be available from Soegee very soon. Select from the majors to the exotic currency pairs that suits your trading needs.

Other highlights for the day:

LimeFx has received ‘Best Trade Executions’ Forex award for the year 2011 and the ATC Trader platform was once again nominated in 2013. MT4 Plus plugin- Since LimeFx is a meta-trader only broker, it offers the software MetaTrader 4 apart from FIX API as a single trading platform. But you’ll need to install Microsoft Visual Studio in order to set 3 different bracket orders and MT4 Plus plugin to operate. With a minimum initial deposit of $5,000, LimeFx offer 3 main types of accounts- individual, joint and corporate, keeping to its minimalistic interface. Opening an account is a breeze- you can apply online with no additional fees, and within 1-2 business days, you will have an individual or joint account, whereas it takes 3-5 days for a corporate account.

Users can also automate their trading through the use of EAs, also known as Expert Advisors. There is no shortage of features and trading tools available with the MT4 desktop platform. The broker platform is accessible to most countries across the world and you may freely select the country of your residence without worrying about geo-blocking restrictions.

Tinggalkan Komentar

Alamat email Anda tidak akan dipublikasikan. Ruas yang wajib ditandai *