From this point of view the Forex broker can be considered a pattern. LimeFX is a well established CFD and Forex broker that has grown considerably over the past few years. Through a combination of low fees, advanced technology and efficient customer support, LimeFX has managed to expand into over 100 countries. They have opened up to 300,000 accounts and achieve $4bn in daily volume. Another important note within LimeFX Review is a range of account types through which you will access trading. Eventually, the broker offers two account types that also define trading conditions and the platform that is used for trading itself.
- This is a slightly more advanced version of MetaTrader4, and it offers a larger selection of features for more advanced traders.
- If you’ve opted to open a Pro Account, you’ll find yourself using the MetaTrader5 trading platform.
- You’ll need to provide proof of name and address, and accepted documents include driving licenses, passports and utility/phone bills.
- The offering to the clients is wide and even comprehensive since proposes the same if not more investment opportunities to the world trading community.
- Check out our honest and detailed review of LimeFX Nigeria before opening your account.
LimeFX forex platform is registered in Saint Vincent and the Grenadines under license number IBC 2011, but its operating center is run out of Jakarta, Indonesia. 0.5% commission is paid for a perfect money deposit, but there is no commission charged for any other deposit or withdrawal method. The withdrawals generally take 1-3 hours for approval and 30 minutes for fund transfer. It’s available 24 hours a day, 5 days a week, so it’s pretty consistent with most other online brokers I’ve come across.
Meta trader 5 – Offers high speed, accuracy and advanced tool on top of features offered by MT4. Execution determines whether you get to win a trade or not. Your Forex and commodity of choice should fill you at or close to the market price you see when you click the “buy” or “sell” button.
What Do You Need To Know About LimeFX Review?
Cryptocurrencies are available on the Micro and Pro accounts but not on the ECN account. This review will be updated accordingly if and when this happens. With cTrader, you can also set up to 28 different chart timeframes, and I like how you’re able to save these charts as templates. LimeFX Review: Is forex broker LimeFX Scam or Not? For example, you’ll find yourself able to access the FIX API. I do like the added functionality of MetaTrader5, and there are plenty more options when it comes to setting up your own trading bots and algorithms. The biggest part of their educational offering is their videos.
At the time of writing, they offer just 28 different currency pairs, and this is way less than the vast majority of online brokers I review. LimeFX is regulated with Cysec, so trading with them is considered safe. They have local Bank, Online transfer deposit & withdrawal option in Nigeria, without any extra fees. LimeFX offer negative balance protection to their clients. Choosing an online broker like LimeFX can be difficult.
Pro Fx Reviews
Customer support via phone is available in a number of languages, including English, Indonesian, Malay, Thai, Hindi and Urdu. To get started, simply press on the chat bubble icon, enter your name and a brief description of your query and you’ll be connected with an operator in a matter of seconds. The live chat facility works well and can be accessed from all pages of their website. Withdrawals are equally as straightforward, although you will need to make sure that your free margin exceeds the withdrawal amount before proceeding.
Basically, all you need to do to start trading forex is to open an account and download and install trading platform or sign in to the MT4 or cTrader web based terminal. Demo account allows you to practice risk free, while with a real account you will be able to experience real market with minimum deposit as low as 25 USD. Traders have received $2,847,729 in bonus funds so far. Low spreads allow you to earn 25% more than at other Forex brokers. Enjoy features such as 0% commissions, 50% deposit bonus, and loyalty program.
There’s plenty of ways to make deposits and withdrawals at LimeFX. As I’ve already mentioned in this LimeFX review, there are three main account types. When it comes to investment options, LimeFX offers a fairly decent selection of assets to choose from, although their forex section could be more comprehensive.
Since its start in 2004, BeeOptions has emerged as a leading player in the industry of online brokerage. BeeOptions has an extremely competitive and full-featured trading website that is focused on forex, indices, metals, stocks and commodities. LimeFX is a forex broker headquartered in St. Vincent and the Grenadines and provides a variety of tools for online trading.
LimeFX Review 2021: A Must Read Before You Trade With LimeFX
The Pro Account runs on the MetaTrader5 trading platform, and there are no markups or commissions. This appears to be the most popular account available at LimeFX, although the minimum deposit is slightly higher. This company is located in Cyprus and exists so that the online broker was able to acquire a license in Cyprus to operate. Evolution and the new form of technologies have created the conditions for new modern form of investment, always more accessible and fast, one among all being Social Trading..
Generally speaking, withdrawals at LimeFX are processed within 3 hours. However, you must make your withdrawal back to the same payment method that you deposited with. In general, LimeFX offers some of the lowest spreads around – especially when compared against many of their main competitors. You should be careful to choose the account with the fees that best complement how you trade. However, I read that they are looking to expand upon their LimeFX offering, and it’s likely they’ll be offering more in the near future.
That’s pretty impressive, and a quick look at their reviews online shows this to be largely true. There generally aren’t any fees to make withdrawals, plus LimeFX will often cover the fees charged by payment companies like Skrill and Neteller. Deposits are mostly credited to your account instantly, although those made via bank transfer can take a few days to process. I should also point out that if you’re running a Micro Account you may end up having to pay a swap fee at times. When it comes to CFDs and equities, unfortunately, LimeFX only offers indices.
If you run out of money, it’s easy to reset your account, and this gives you the perfect opportunity to try out all three trading platforms risk-free. It takes just a couple of seconds to set up, and once active, you’ll be given a large sum of money so you can try out the trading platform without risking any of your own money. In most cases, at least an amount between 100 and 200 Euros is required, which must be chosen as the minimum deposit to the trading account.
Details: LimeFX Review
The broker uses separate accounts to keep protected customers funds segregated from the company’s balance sheets. LimeFX is one of the leading digital Forex trading platforms. Initial deposits are not too high and a variety of instruments for trading.
Withdrawal And Deposits
Their low spreads and fees also make for great trading, and I’ve also got to complement their customer support facility – it’s one of the best I’ve had the pleasure of reviewing. Trading glossaries are something I’m seeing increasingly often at online brokers, and they’re designed to provide you with a complete A-Z overview of trading terminology. Every online trading platform has a few ups and downs, and no OptionWeb review would be complete without having a balanced approach. This OptionWeb review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect. LimeFX Review For A Pure, Low-Cost ECN Trading Experience.
LimeFX Nigeria Review 2021
I was pleased to find that LimeFX offers a few cryptocurrencies, although they’re all major ones, namely Bitcoin, Litecoin and Ethereum. Still, they do offer all major currency pairs and a few minor ones, but don’t expect to see many exotic pairings. However, you won’t be able to Stock place trades directly from LimeFX’s app. I also found that orders are processed far more quickly when compared to the MetaTrader4/5 platforms. It’s one of the most sophisticated platforms I’ve come across, however it can take quite a bit of work and time to get to grips with.
Since its establishment in 2014, LimeFX has emerged as a top-tier player in the field of online broker. LimeFX has a highly competitive and full-featured trading site that is focused on forex, indices, metals, shares, commodities. LimeFX offers three different trading accounts to clients in order to meet the demands of different trading styles and requirements from traders. All of these three accounts have virtually no minimum deposit requirements.
I don’t have any issues with recommending LimeFX to traders both new and old, and I’ve seen nothing to indicate that the site is untrustworthy. It also means that LimeFX is not able to use client funds to run their business, so in essence, your funds are protected at all times. I was pleased to see that LimeFX segregates Seasonal spread trading all client funds in special accounts. If you choose to open the Pro Account, the minimum deposit is $500. To create an Islamic account, you just need to check the “swap free” account when you’re registering your initial account. LimeFX also offers an Islamic account, and this account is 100% Shariah compliant.
LimeFX is designed for all traders; beginners and experienced, with easy to open accounts. It is authorized and regulated by top authorities in the Forex trading arena; hence is very safe and secure to use. LimeFX also provides educational research tools to guide you as you run your trades. LimeFX is recognised globally for offering the lowest spreads in the industry and prides itself on its award-winning trading conditions. LimeFX is an excellent provider of CFD and Forex trading to clients in over 100 countries.
It has put into consideration and improved each and every factor that can affect Forex trading. With its customized trading platforms, you have assured nothing less than the best experience. Try it out today and enjoy effective and profitable online Forex and related commodities trading. LimeFX is a relatively well-known and well-established online broker that offers customers the ability to trade a number of assets, most notably forex currency pairs.
What differentiates these accounts are the spreads, commission, minimum deposit and assets available to trade, as discussed later in this review. LimeFX also has swap-free accounts for Islamic traders who cannot pay or receive interests based on swap-rates. Go for Forex and commodity brokers offering different accounts type so that your trading styles are not limited. Various account types will allow beginners to use beginner-level accounts and transit easily to other accounts after advancing their skills. Also, expert traders will have the freedom to use any account for maximum benefits. BeeOptions is a foreign exchange broker headquartered in Cyprus and provides a range of tools for online trading.