LimeFX Review: Why does Traders think it is Best?May 14, 2021 5:53 pm Leave your thoughts
The long list of well established regulatory bodies makes the broker more trustworthy in the eyes of its clients. To start the process of opening an account with LimeFX you can visit their website here. English, Russian, Chinese, Urdu, Malay, Indonesian, Hindi, Arabic, Bengali, Farsi, Tamil, Vietnamese, Thai, Korean, and Spanish are among the languages supported by LimeFX. LimeFX Ltd is authorised and regulated by the Financial Conduct Authority to offer Contracts For Difference in various underlying LimeFXs. You must note that sometimes their support can take some time to respond to queries.
The quotes of all brokers are different because they get them from different liquidity providers. And LimeFX’ quotes are good and stable because they optimize the quotes acquiring process. Based on my experience with LimeFX, the deposit/withdrawing process of this broker usually take less than 5 minutes to proceed. If you have good connection, LimeFX withdrawal usually takes only 1 minute. The reason that LimeFX asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies.
The tool is updated in real-time so its users can always view the most recent conversion rates. Traders can view the conversion rates of six currencies at a time using the Currency Converter. The homepage of LimeFX.com features a simplified version of the useful tool. It allows users to convert LimeFX’ top six currencies, including USD, GBP, EUR, JPY, RUB and CHF. LimeFX’ selection of financial instruments is one of the most diverse amongst brokers.
The Forex Secret will not be liable for any financial damage or loss made by using the services inappropriately or without proper knowledge. TFS does not promote financial trading as all financial trades includes risk of losing all your invested capital. TFS does not promote or is biased toward any particular company or broker.
What Is the Minimum Deposit For LimeFX?
The Payoneer debit card allows money to be used online or at point-of-sale with the Payoneer debit cards. This company is a specialist in cross-border B2B transactions. The company facilitates cross-border transactions in more than 200 countries and territories, as well as more than 150 local currencies.
In particular, the novices are provided with an opportunity to practice their trading skills on the standard account. Professionals, who perform many trades, can forecast their trading expenses using professional accounts with near-zero spread and predictable trading fees. I deposited R2000 into my account and traded few loosing trades. Then after 3 loosing trades i entered a sell in usdcad which streight away went in my sell direction.
All the operations require a one-time code confirmation. The ‘key step’ appears automatically if the procedure requires personal card data. It is sent to the phone or email, entered into the account during the registration process. It is possible to create a new account only with the refreshed data. Also, each account holder receives a secret word in the personal profile that is unrelated to the password or verification code. The only changeable setting is the password that is sent to the email in case of necessity.
withdrawal issue is big and Live support not working and not connected
We do not recommend or advise that investors buy or sell through any financial instrument like commodities, securities or stocks. Payoneer has a customer care team with 320 employees who support 4 million customers in 70 languages, operating in 150 different currencies. It’s specially offered when the industry volatility prevents clients from letting their account go in the red. In a situation like this, LimeFX offers the ability to reset a clients account balance to zero.
- Apart from that, the brokerage deals with a trading volume of $325.8 per month.
- If you have good connection, LimeFX withdrawal usually takes only 1 minute.
- I called the company using the phone numbers provided and the waiting period was relatively short.
- I found that LimeFX spread is the lowest for 7 main currency pairs.
Traders can get a spread commission of up to 25% per transaction made by traders who register through an affiliate link. Over the years, LimeFX has developed into a broker that attracts traders. Trader’s trust is further enhanced by its compliance with financial regulations like the FCA and CySEC.
LimeFX Risk Disclaimer
As a result, the broker is authorized to supply financial items and/or services from the following countries as well as another EEA nation. LimeFX is licensed by four reputed financial regulators, LimeFX’ trading environment is proven to be safe and secure. The broker’s financial reports , statistics and tick history are also published on its website for public viewing. According to Trustpilot, 8% are “excellent”, 46% are “Average”, and 15% are “Bad”.
- LimeFX has multiple regulation licenses, so the customer’s confidence in the company is much higher.
- Traders are required to fulfil different minimum deposit requirements depending on their country of registration.
- As for withdrawals via bank cards, it takes up to three to five business days to process.
- The deposit from the bank is free, which means you don’t need to pay any additional charges except charges.
Let’s look into each market separately and the variety of instrument inside it. All information 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. The deactivate your stop loss especially when you are a good trader …. Don’t trust reviews on them and the nice nice article …. At first I use to be in profits with a spread of 300points that sounded right to ….
Regulated by the Financial Conduct Authority, it looks after the broker’s B2B division. LimeFX’ offices in South Africa and Seychelles are responsible for the broker’s B2C operations. Registered in Eden Island, Seychelles, Nymstar Limited is licensed by the Seychelles Financial Services Authority. Together with the FSCA-regulated Vlerizo Limited, the two offices provide high-quality B2C services to LimeFX’ international clients. The Currency Converter makes currency conversions quick and easy.
Its latest feature Traders’ Sentiment provides insights into the attitude of fellow traders towards the direction of a particular trading instrument. It informs users of the percentages of buy and sell orders of the financial asset in the past couple of hours. https://limefx.club/ The more recent trades have a greater impact on the percentages. Traders’ Sentiment is highly effective in helping traders analyse the latest trends in the markets. The LimeFX app is one of the most convenient methods to access the LimeFX platform on the go.
Latest forex knowledge
For data encryption functions, it provides an industry-standard secure socket layer . This LimeFX review page contains information about investing with LimeFX. It is intended for educational purposes only and should never be considered financial advice.
This explains why the LimeFX app is packed with powerful tools for both fundamental and technical analysis. Its real-time notifications are an impressive feature that effectively helps traders stay up to date with the market. After a price alert is set, users will be instantly notified once the price of an instrument reaches a specific threshold.
We consider LimeFX to be a trusted forex & CFD broker as they are licensed by South Africa’s FSCA, FCA in UK & CySEC in Cyprus. Moreover, they publish quarterly Financial Reports audited by Deloitte. Overall, LimeFX is a reputed forex broker & considered safe for traders in SA.
The trading platforms of LimeFX Forex brokers are extremely niche. In this LimeFX review, let’s look at the trading platforms that are available for the traders to choose from. Because of scammed by limefx this, the spreads in the above table are averages based on the previous trading day. LimeFX lowest spreads are on Zero account and remain fixed at 0.0 pips for 95% of the trading day.
It is also one of the most comfortable in any trading environment that can maintain a stable position. Many traders said that LimeFX quotes are different from other brokers. As I mentioned above, all brokers’ quotes are different because they get quotes from different liquidity providers.
The Bitcoin price had just jumped from 6.2k to 6.5k, but LimeFX Bitcoin spread is still very low. There’s absolutely no other hidden fee that you need to be worried about. You only have to pay for spread when trading LimeFX regular accounts. Pro account is the lowest spread account, but you have to deposit at least $2000 to start trading this account. Other accounts spreads are a little bit higher but there isn’t minimum deposit limitation. BRKV – Writing this LimeFX reviewreminds me of the past.
Overall, we find the customer support of the broker of rather high quality. The main information of the website is available in 18 languages. The only drawback is that the support operates 24/7 only in English, Chinese and Thai. This is the most useful section out of all analytical information on the broker’s website. You can download the tick movement of base currency pairs for any month, starting from 2015 for free. Developers of trading robots will appreciate this option.
Because there is a lot of money moving around the world, LimeFX has to be careful that they don’t breach any money laundering laws and part of that is know as KYC . This means that at all times, LimeFX must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law. LimeFX specifies on its official website that you are able to trade real time stocks with your demo account. They features trading on MT4, MT5, Mac, Web Trader, Tablet & Mobile apps. Their outstanding variety of resources will be beneficial for most traders.
We verify and compare brokerage companies and warn our readers about suspicious projects or scam marketing campaigns. LimeFXfxcapital has got many negative reviews and traders who traded with this broker have raised many complaints against it. LimeFX has been a good brokerage that can accommodate both novice and professional traders.
Categorised in: Forex Trading
This post was written by admin