LimeFx Review 2023 High-Leverage CySEC Regulated CFD Broker
LimeFx broker is not a dealing desk broker, and online trading of a financial instrument on mobile devices can be done. LimeFx broker provides clear details regarding pending orders, swaps, spreads, Metatrader 5 availability, assets, leverage, spot metals, inactivity fee, analytical objects, and many more. Like many brokers, it gains extra preference by traders as it is regulated by Cysec. It is the best broker with license number, great market orders, and an institutional-level support team to guide you. LimeFx app provides you with comfort as you can avail the features and trading strategy from anywhere on your phone. Unlike most brokers, LimeFx has comparatively low margin requirements.
If you fund your account in a currency other than your account’s currency, LimeFx will convert your deposit automatically. LimeFx’s trading account is also available without swap, upon request. Once you’ve opened an account on LimeFx.com, contact your account manager for more information. A Forex swap rate depends largely on the underlying interest rates of the currencies in the pair that is being traded. Swap fees can be positive or negative depending on the swap rate and the volume of the open trade positions.
- In other words, LimeFx leverage profits and losses are magnified when trading.
- It is the interest cost charged on leveraged open positions that are held overnight in the Forex market.
- The ECN XL Account at LimeFx has no commission costs and spreads start at 0.0 pips.
- The next step involves submitting identification documents for LimeFx account validation and making a deposit.
Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. The risks involved may lead to incurring damage or losses that exceed the initial deposit of the trader. Should traders deem it necessary, they should https://limefx.name/ consult independent professionals for additional advice before making decisions that may lead to loss or damage. The information and products provided by LimeFx are for informational purposes only. LimeFx makes the Metatrader4 comprehensive trading platform available to traders.
Is LimeFx Available In Indonesia?
The payment method employed for funding your account might also incur a fee. In addition, currency conversion fees may apply if the LimeFx withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from LimeFx. Awareness of these LimeFx fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your LimeFx funds. The minimum deposit amount recommended for registering an LimeFx live trading account is $500 USD. This minimum deposit is equivalent to R7500 ZAR at the current exchange rate between the US Dollar and the South African Rand at the time of writing.
Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose. While learning, you can also use global trading times to practice making live buy or sell trades using LimeFx. This hands-on experience can help you gain confidence and become more comfortable with trading. LimeFx offers various funding payment methods listed in your LimeFx dashboard if available in your region. To learn more about the LimeFx funding and withdrawal options available in your area, you can explore the LimeFx website.
However, you should be aware that no investor compensation fund is available in Nevis, should LimeFx go bankrupt. The choice of payment methods depends on the company that you open an account with, and your country of residence. Please visit the company’s website for a list of all payment methods. A swap free account is an account on which the trader is not being charged or paid swap / rollover. Such an account is based on the Islamic law, also known as Shariah, which prohibits the collection and payment of interest by the account holder. It is possible that a broker may show you their swap rate as a daily or annual percentage which can be used to calculate the swap fee for the duration of your trade.
LimeFx is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to LimeFx, money is in a segregated bank account that is separate from LimeFx company’s funds. As a regulated broker, LimeFx cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by LimeFx. Instead, your LimeFx funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with LimeFx.
Is LimeFx a con?
This service is ideal for investors who trade on their clients’ behalf. The MAM package has a variety of features including five lot allocations, Expert Advisors, unlimited accounts, plus STP on the master account for bulk order execution. In addition to an FAQ section on its website, LimeFx operates a responsive live chat service that runs alongside the forex markets 24/5 and a support email address for more complex issues. Clients that prefer to talk to an authentic voice can phone the support contact number, which is free for UK based clients. Clients can practise investing on the provided risk-free demo account before committing to a full LimeFx account sign up.
Clients can trade using a Virtual Private Server, which LimeFx says can give them three main advantages, including accessibility, security, and speed. With LimeFx, traders can trade Forex, crypto, indices, metals, and energies. There are over seventy Forex pairs across minors, majors, and exotics, and the currency pairs offered start at 0 pips with a maximum leverage depending on regulation. Indices include the US Wall Street 30, US 500, US Tech 100, and other indices from Germany, Spain, France, Switzerland, Hong Kong, Japan, and Australia.
LimeFx MetaTrader 5 on Android Devices
The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website. Accepted deposit and withdrawal methods include Visa and MasterCard credit and debit cards, bank wire transfer, Skrill, Neteller and crypto transaction service BitPay.
LimeFx MetaTrader 4 & MetaTrader 5 AutoChartist
With a total of 20 available methods for deposits and withdrawals, the broker ensures that clients worldwide can top up their accounts hassle-free. LimeFx also offers a swap-free account limefx review variant for clients that cannot pay overnight interest charges due to their religious beliefs. However, equivalent costs are taken in the form of account management fees.
Speaking of the company’s advantages I…
This makes LimeFx a low-cost trading brokerage when compared to alternatives. Eight cryptocurrencies are provided, including Bitcoin (BTC), Ethereum (ETH), and Monero (LimeFxR). The minimum contract size is 1 of the respective token, for example, 1 BTC. A Multi Terminal option is available for investors who wish to manage multiple accounts on the same platform. Clients can hedge, scalp and simultaneously trade on an unlimited number of accounts.
Forex ECN is the most proficient and transparent trading method available. Our License Checker verifies the validity of EU, UK and UAE broker licenses in near real-time. Thousands of Palestinians are being held in Israeli prisons, many of them convicted of security offenses or involvement in terrorism. Muhammad Deif, the leader of Hamas’s military wing, cited the detention of thousands of Palestinian militants in Israeli jails as one reason for the Oct. 7 assault. They include civilians, soldiers, people with disabilities, children, grandparents and even a 9-month-old baby. Some are peace activists, part of collectives near the Gaza border whose members tend to be left of center and supportive of peace initiatives and Palestinian rights.
What I am seeing is a reliable broker, a good infrastructure and platform with less assets than it deserves. A good feature about this very platform is that it offers swap-free islamic accounts. But it took me too much time to find this information and I almos gave up. And it is available by request, not by default, which can take time too. This program offers high-end commissions, a customized partner site, a large selection of marketing materials, comprehensive tracking, and global payment possibilities. LimeFx treats its partners as individuals, and regional partners receive support with marketing initiatives and are also given marketing funds.
Demo users are given 10,000 units of their preferred currency to familiarise themselves with the forex and CFD markets on the MT4 platform. This account features a hybrid ECN/STP execution system to provide zero commission trading while maintaining competitive spreads. There is no account minimum and three available base currencies, GBP, USD and EUR.