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Trading cryptocurrencies is only available for professional account types. Keep in mind that trading crypto through LimeFx is not available during the weekend. The traditional crypto exchange is open 24/7, so you’ll lose out in a few days of trading. The MT4 desktop platform is the gold standard in forex trading software. The platform is available for both Windows and MacOS (so long as you’re running Mojave (v. 10.14) or earlier), ff you use later versions of MacOS, you’ll need to make use of an emulator or WINE.
In the UK, customers can access 38 major and exotic forex pairs and 12 CFD instruments. The broker designed mobile app is known for its intuitive interface and intuitive LimeFx performance through different account types. The users may log into the platform through the app and make transactions for stp execution of deals in the markets smoothly. 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.
Overall, never had or can find any issues and their system is stable too. LimeFx Education ranked with an overall rating of 6 out of 10 based on our research. The broker does not provide seminars, market news, research, insights, etc. For beginner traders, we recommend getting the necessary learning materials from other well-known brokers. For instance, trading decisions made on a 15-minute or 30-minute chart could be dependent upon what is happening on the current 4-hour or Daily chart. See how LimeFx compares to the leading forex brokers by reading one of the reviews below.
This is beneficial for those who regularly trade, such as daily or weekly trading. LimeFx are a professional brokerage that has been trading for over 6 years. They offer a large range of options in their customer accounts.
All contents on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalised advice before you make any trading or investing decisions. Daytrading.com may receive compensation from the brands or services mentioned on this website. You can deposit funds within the client portal via bank transfer, credit/debit cards, Skrill, and Union Pay.
Offers Demo Account
They are most appropriate for investors who are searching for a variety of assets. Social and easy to use trading solutions are the heart at LimeFx. After taking a thorough look at LimeFx, our review team found that the platform has its good points and bad. There is little question over its legitimacy, as it is backed by some of the world’s leading regulatory bodies for financial markets and it has a pretty solid reputation dating back to 2005. The website itself is easy to navigate and ATC users the industry-leading MT4 trading platform, which offers traders everything they need to hit the markets.
If that platform happens to offer a good forex service, it’s difficult to see why they would need to use ATC. LimeFx Ltd is a forex broker offering ECN spreads on the MT4 and MT Pro trading platforms. Before you log in and download the terminal, follow this review for details on leverage, minimum deposits and commission fees.
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. LimeFx is a online brokerage that provides access to the global financial markets, with a focus on Forex, CFDs, Indices and Futures. The company is headquartered in Miami, FL and was founded in 2005 by CEO Robert Lande.
Jenna joined TradersBest.com last year and now heads all of our trading content, working remotely from her home in Massachusetts. LimeFx provides an Economic Calendar, some learning topics about Forex and CFD trading, MT4 trading platform, Forex Charts, etc. However, the broker does not provide comprehensive educational materials, seminars, webinars, research, and analysis which are crucial for beginner traders. LimeFx Platform is ranked good with an overall rating of 8.5 out of 10 compared to over 500 other brokers. We mark it as good since it offers a popular MT4 professional trading platform.
For example, when asking about the different accounts, the platform responded with leverage options and pushed to set up a call to go over the options and features they provide. While that makes things a little more personal, the actual question was never answered. With forex trading, leverage is an important tool to understand. Leverage is usually one of the first things a trader wants to know more about. Novice and professional traders alike do their due diligence for leverage, so they can get the best feasible options available.
Many traders across the world choose LimeFx for their scalping services. They offer trading on MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps which allow this. Any processing fees from your bank might need to be incurred by you. Withdrawal of cash is possible at any moment from your LimeFx account. It’s possible to withdraw sums up to the sum of your account balance, keeping aside the perimeter utilized. 1 thing to remember is that you don’t always have to have any money on your account.
Other considerations about sweep accounts
Trading in products of Contract for Difference may be risky but LimeFx makes it profitable for traders by providing them with a host of CFD trading risk management tools. Trading CFDs allows traders to venture into the financial markets of commodities and indices. The limefx forex broker trader can select from a wide variety of major indices and get access to Brent and WTI Crude Oil for capital LimeFx and various trading purposes. These bodies have rules that ensure that trading platforms have steps in place to maintain investor’s assets procured.
Used for several years now, Account works as advertised with good spreads and low slippage. Easy Deposit with loads of different options, and no problems withdrawing either. All information limefx broker reviews on 55brokers.com is only published for general information purposes. We do not present any LimeFx advice or guarantees for the accuracy and reliability of the information.
There are also very few complaints regarding the site’s performance – it is quick to load and our LimeFx review found no dead links. The simple design of the site also makes it easily portable to mobiles and tablets without losing functionality. Whilst the US regulation of LimeFx is less stringent than that https://limefx.biz/ of other authorities, it is enough for traders to be confident that LimeFx USA is not a scam. I have been trading there since 2014, and i have not needed any other broker. Alex is great and gives me the best services, I enjoy having the relationship and have recommended a few of my friends to trade with them.
- Metals are usually linked to global economic health and make a good way to diversify your portfolio diversifier.
- There is a small number of contracts for trading gold and silver – with potentially more to be added – but ultimately, for US customers ATC is just a forex trading platform.
- The traders need to make a minimum deposit of at least $5000 to start trading in assets.
- LimeFx has a wide variety of over 107 instruments available for you to trade with.
- The global brokerage platform can help you achieve success in the online trading and LimeFx business.
All content on comparebrokers.org is intended for educational purposes only and should never be considered financial advice. We do not recommend or advise that investors buy or sell through any financial instrument like commodities, securities or stocks. LimeFx, unfortunately, does not provide guaranteed stop loss. LimeFx gives an opportunity to its dealers to close their trades at their given price. Apart from this, LimeFx doesn’t offer guaranteed stop loss. LimeFx is an excellent agent, and its own users can vouch for this.
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One thing to be aware of when opening an account with LimeFx USA is the reasonably high initial deposit requirement. This is considerably higher than the $50 required from its rival firm that we discovered in our LimeFx review, yet a great deal lower than the $10,000 minimum deposit for CitiFX Pro accounts. LimeFx USA is regulated by the National Futures Association, which was set up to oversee the derivatives markets and offer protection to investors. Whilst there are some mixed LimeFx opinions on the web, the platform benefits from some fairly robust regulation and offers a good selection of tools and features. The aim of this LimeFx review is to take an in-depth look at the platform and assess everything from its trustworthiness to the usability of its trading platform.
When you transfer money into your trading account from the bank account, a deposit fee can be charged by the broker. In addition, the withdrawn money will be moved directly to the account you use to create deposits. Generally, LimeFx does not charge high fees in comparison to other online agents. For operations other brokers fee for, they do not charge a brokerage fee, or they charge a lesser amount.
The company launched a service in October 2019 that allows small and medium-sized companies to send money anywhere in the world fast and cheaply. Payoneer has a customer care team with 320 employees who support 4 million customers in 70 languages, operating in 150 different currencies. If you want to further protect your account, you can empower Two-Step Verification as well. On the other hand, a spread refers to the difference between the buying and selling cost. Funding or overnight prices are those that are billed when you hold a leveraged position for more than daily. Ability to set a pre-determined stop equity loss on each account to limit the level of risk.
LimeFx USA Customer Service
We have attempted to breakdown all the features and charges for your advantage. If you are new to the world of online trading and brokers, so many details will no doubt be perplexing for you. Getting into the area of trading online demands expert assessing skills and thorough knowledge. You’ll get adept at all of the concepts of trading online and brokerages while you keep trading. For starters, you need to choose the right online trading platform who will constantly be clear with you.
You can apply for a demo account by clicking on ‘Demo Request’. LimeFx follows an STP model, providing instant execution to top liquidity providers. The broker offers forex and CFDs instruments using innovative technology that suits both new traders and institutional clients. NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site.
Traders need to ensure that they understand their risk exposure and determine whether the risk involved is suited to them before making trading decisions that could result in loss of capital. LimeFx allows traders to Diversify into Contract for Difference products allowing for the opportunity to trade in the indices and commodities markets. LimeFx also does not offer a welcome bonus or deposit bonus or the advantage of a no-deposit bonus when traders register a real account for the first time.
The maximum trading requirements differ according to the trader and the instrument. LimeFx provides over 50 different trading products, including over 38 currency pairings. We’ve detailed all of the numerous types of instruments provided by LimeFx below, along with IG and XTB’s instruments for comparison.