LimeFx Reviews Read Customer Service Reviews of LimeFx com

Both trading platforms also give access to a vast library of automated trading strategies (“Expert Advisors”) and technical trading indicators via a built-in marketplace. In order to withdraw money from your account, you will need to verify your account and your payment method. Just log in to the account that you will be using as a payment method and screenshot the account, then send it to LimeFx support. After this process is done and everything is verified, users will be able to withdraw their funds.

This is actually very impressive as there are numerous robots provided. The only requirement is the minimum deposit needed to download the robot from the website. Most of the robots become available for $1000 accounts, with some bots requiring $2000 and even $5000 deposits. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about.

1. These zero spreads are great for traders who love to open multiple trades throughout the day.
2. Unlike certain other brokers, LimeFx does not charge any fees for accepting deposits via any of these payment methods (other than the fees charged by the payment provider).
3. Make sure you enter your information as requested by the broker and the account is ready in seconds.
4. Account verification is mandatory at LimeFx, as it complies with global AML/KYC requirements.
5. Depending on the trading strategy, it may become the most significant fee per trade.

For clarity, LimeFx used to accept clients from Europe, but not anymore. LimeFx accepts clients from all over the world, excluding USA, UK, European Economic https://limefx.group/ Area and some countries from the OFAC list. If you decide to open an account with LimeFx, we will provide all the necessary steps in detail below.

The process is very simple and intuitive, just a few personal details will be sufficient to get you started. 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. No matter the economic status and situation, raw materials are always important and affect the economy of all countries.

Trade globally with LimeFx

Traders get the MT4/MT5 trading platforms as customizable desktop clients, lightweight web-based alternatives, and user-friendly mobile apps. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. LimeFx has two expensive, commission-free cost structures and one competitive, commission-based alternative. The fixed-spread account starts with minimum spreads of 3.0 pips, or $30.00 per 1.0 standard round lot, versus the floating-spread alternative of 1.3 pips or $13.00. Both are expensive, but the commission-based ECN option shows raw spreads from 0.0 pips for a commission of $5.00 per round lot. LimeFx is an offshore CFD & forex brokerage company registered in the Cook Islands, Saint Vincent and the Grenadines, and Mwali in the Comoros.

Contacting customer support at LimeFx should also be a hassle-free experience in most cases. The broker has provided contact information for Telegram, in addition to a regular web-based live chat, email, and a UK phone number. The broker also assures clients that limefx their support line is open 24/7, which is something we appreciate. The spreads are dependent on the account type the trader is operating on. For ECN accounts, spreads start at 0 pips but for each lot, there is a small commission charged for each side of the trade.

LimeFx Reviews

Unlike certain other brokers, LimeFx does not charge any fees for accepting deposits via any of these payment methods (other than the fees charged by the payment provider). Trading instruments offered for ECN accounts are the same as for Standard accounts, with the difference only being in spreads and commissions. LimeFx is part of the Investors Compensation Fund and keeps clients’ funds in segregated accounts.

Reviews from traders

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. Per AML rules, the name on the payment processor and LimeFx account must match. LimeFx offers 43 currency pairs, a choice suitable for most traders. Traders also get 18 commodities, 16 indices, 27 cryptocurrencies, 2 bonds, and 437 equity and ETF CFDs.

LimeFx Standard account

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. Traders should always use appropriate risk management with leveraged trading to avoid magnified trading losses.

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. This feature was designed specifically for traders who use several accounts, and for Investment managers who manage multiple Investment accounts. Besides research from Autochartist, LimeFx publishes quality in-house research with actionable trading recommendations.

I like the overall range of assets, as it provides most traders withall they need to achieve cross-asset diversification. 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. LimeFx is a member of The Financial Commission, an independent external dispute resolution (EDR) organization. The interests of LimeFx’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim.

All instruments that are offered by LimeFx can be traded on either the MetaTrader 4 or 5 (MT4/MT5), which are the two only desktop trading platforms this broker supports. One positive consequence of not being regulated by any government agency is that the broker’s sign-up process is quite simple, without the need to submit and verify a lot of documents. Be aware, however, that the issue of document verification often arises when it’s time to withdraw money from offshore brokers. A Demo account enables traders to trade live markets with virtual funds.