LimeFx deposits are free of charge, however, for withdrawals, there might be some commissions depending on the funding method the trader chooses. Withdrawal requests are processed within 1-5 days depending on issuing bank. LimeFx offers over 30,000 trading instruments with spreads starting from 0 pips and a full range of powerful trading tools. There are no minimum deposit or withdrawal limits for bank wire transfers. Deposits are processed within one business day while withdrawals can take up to 3 days. When we compare LimeFx with Roboforex, there are many differences.
It seems that the broker rebroadcasts the news from a third-party source, but does it extremely ‘awkwardly’. The only drawback is that some publications may be absolutely useless. After you open an account, you cannot change the base currency, but it is possible to open an additional account in a different currency. On LimeFx, you can open an account in one of three currencies – EUR, USD, RUB.
They offer the MetaTrader 4 (MT5), MetaTrader 5 (MT5), CQG & ROX platforms. I think all of the platforms are excellent for anyone looking to analyse the markets, place and manage positions. However, I personally prefer the MetaTrader platforms as I feel that they are the most user-friendly. I also like the automated trading features of these platforms and fact you can find a plethora of free and paid add-ons to enhance the platforms capabilities even more. That being said, the platforms built-in tools should be more than enough for most traders.
LimeFx Review – Is LimeFx Scam or a Proper Broker?
With Internet access and a smartphone with a browser, any customer can use this module for intraday scalping in DOM (Depth Of Market). There are restrictions for some methods of withdrawal (for example, debit/credit cards). In particular, the customer can withdraw funds only to the same card that was used to fund the account.
- We have scanned fees (minimal spreads) that LimeFx charges when trading popular currency pairs, here is their breakdown in pips.
- LimeFx requires a minimum initial deposit of USD 100USD on your standard account.
- The range of
assets offered is amazing, deposit minimums are attainable for most, and the
number and quality of trading platforms are unparalleled.
- The SterlingTrader Pro platform is
truly the platform for professional traders.
PayPal, credit cards, checks, money orders, and Western Union cannot be used to fund accounts. The Forex ECN and MT5 Global accounts have brokerage fees of USD 3 per lot operated and USD 2 per lot operated respectively, apart from the spread. LimeFx offers customer service on a
24/7 basis, better than what you’ll find at most other brokers. Customer
service can be contacted via an online chat function, through email, or via
LimeFx provide asset management on stock markets of North America and Europe, in collaboration with a leading Russian investment holding, FINAM. Using their trading strategies, the broker can manage client capital by investing in stocks of leading US and global companies that are traded on the major exchanges NYSE, NASDAQ, BATS, etc. The minimum amount required is $80,000 and there is an asset management fee from 20% charged based upon the NAV growth. There is absolutely zero guarantee on the performance when investing in asset management.
With that being said, it still does not mean that LimeFx is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions. Its trader development program, Try2BFunded, is unusual among brokers. It allows clients to trade on the firm’s capital with no risk and a 60/40 profit share. LimeFx is registered and regulated in the United States by the Commodity Futures Trading limefx scam Commission and the National Futures Association (NFA). LimeFx is also a member of the Securities Investor Protection Corporation (SIPC), covering investor funds deposited with the discount broker for up to $500,000. Trading on the LimeFx network is made easier by Novoadvisor, a proprietary trading platform developed by LimeFx that connects investors with the best-performing investors and trading strategies.
LimeFx Account Types
We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Accounts can be opened in a decent choice of currencies which are EUR, USD, RUB. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. I think they could improve further by adding support for some more currencies and crypto deposit like Coinexx. LimeFx offer professional customer support 24/7 via online chat, telephone and email. It was great to see that support is available on weekends as this is not something that all brokers offer and helps them to stand out from the competition.
Obviously, LimeFx isn’t your standard cryptocurrency exchange – it has a separate section for an asset and security brokerage, and also a cryptocurrency exchange part, too! The platform, however, does prove to be a great alternative for anyone who’s interested in purchasing some crypto coins for themselves. LimeFx comes with the leading platform globally, which is MetaTrader 5. MT5 offers sophisticated analytical objects, including two new types of charts, trend lines, and channels. There is a full set of drawing tools to add objects anywhere on the chart, even if it is already overcrowded with indicators or price zones.
FX and MT5 Investments
Now, to finish off the review, let’s see just how difficult (or simple) the registration process to the site actually is, and how long it takes for you to be able to start trading crypto. If you’re wondering is LimeFx safe, however, I do have good news for you – both the exchange, and the interfaces that it utilizes are completely safe to use. The transaction fee might not tell you that, though – at 0,35% per transaction, it might seem mediocre, at best. However, this is where you should make sure to read the small print – it’s 0,35%, FLAT! What this means is that the fee is fixed, and won’t be changing around due to some trading volume or any other circumstance.
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The working space is a mosaic of customizable windows, which the user can arrange according to his preferences. We counted around 40 of those, including Tradingview, Sierra, Volfix, ATAS, Multicharts, Jigsaw and other products for different trading styles. Personal account on LimeFx might not be considered to have the purest design or be as user friendly as possible, but its structure is quite intuitive. You will need to spend a little bit of time getting to know where everything is.
Its options chain emphasizes in-the-money options for quicker decision-making. Furthermore, the platform offers eleven predefined options trade structures, such as Butterflies, Calendar Spreads, Covered Calls, Iron Condors, and Straddles. Portfolios can avoid ACAT fees by first liquidating (converting all positions to cash) and closing. The money can then be withdrawn and moved to another brokerage account. As previously stated, trading bonds and mutual funds in the stock markets can be done over the phone.
We have not discovered any confirmed facts or scandals that blemish the broker’s reputation. The regulators of other countries, for example British FCA, where LimeFx ONLINE LTD offers its services, are aware of its operation. For the Russian securities market, the rate is 0.044% per day (16.6% annual). A number of top Russian brokers are ready to provide financing for the purchase of shares at less than 10% annual interest. A number of brokers offers their customers from Muslim countries a swap free option.
It has numerous options and functionalities and offers multiple technical analyses, graphics tools, as well as the possibility of algorithmic trading and automation of the operation. It’s certainly among the least expensive
online brokers in terms of https://limefx.vip/ fees and costs for trading. And with its CySEC
regulation and inclusion in the Investor Compensation Fund, you can be pretty
sure that your funds are safe at LimeFx. There is also an additional email for customer support of ROX accounts holders –