It also offers forex trading, stocks and shares, ETFs (exchange-traded funds), and various other commodities. This means that LimeFX became one of the leading applications and trading platforms for EU Wall Street reform traders in terms of amount of cryptocurrencies available. LimeFX ‘s offering focuses on CFDs, but it also includes forex, commodities, cryptocurrencies, stocks, indices, and exchange-traded funds .
LimeFX is a regulated broker and therefore authorized to operate in the CFD and forex industry. All account deposit methods are instant, with the exception of wire transfer payments, which require 3-5 days to deposit. This can be advantageous because it allows the trader to better determine the position’s entry and exit prices.
Minimum deposit is the minimum amount that one requires to open a Libetex account brokerage account. Brokers like LimeFX that charge a minimum deposit always offer additional premium services that are not available to free account holders. As with any trading, the answer to this depends on many factors, including your choice of asset, risk management Bond (finance) strategy, and trading style. Thanks to the platform’s low fees, however, it is possible to make money with LimeFX. This broker has award-winning customer service, which includes 24/7 support via live chat, phone, and email. If you have a simple question, you may find the answer you need by checking the FAQ page on the LimeFXpany website.
ForexIndicators.net is not only the best resource for all things indicators. We have reviewed the top forex brokers on the market today and come up with a list of select few. All the brokers are regulated and offer competitive trading services on state of the art trading platforms. The platform charges a commission fee of between 0.1% and 1% on cryptocurrency trading.
There is a variety of LimeFX MetaTrader 4 advanced trading tools designed to offer an improved trading experience and offer users a competitive advantage. In total, there are 20 advanced trading tools ranging from sophisticated notification alarms, innovative market data, messaging facilities, and feature-rich trade execution & management programs. Brokers that do not charge or charge lower minimum deposits are always geared towards attracting more clients to their platform and may not offer any advanced research tools and trading features. Since its founding in 1997, LimeFX has forged an exceptional reputation with its user base growing to more than 2.2 million clients in 110 countries. The platform offers CFD trading on around 50 crypto assets, forex, stocks and shares, and EFTs (exchange-traded funds). Overall, LimeFX is an excellent option for traders looking for an accessible platform with a quick, easy, and cost-effective sign-up process.
What To Trade On LimeFX
The profit is determined by your financial market investments, which are based on the fluctuation of the prices of tradable assets on the LimeFX platform. Trading leveraged products such as CFDs involves substantial risk of loss and may not be suitable for all investors. 83% of retail investor accounts lose money when trading CFDs with this provider. Trading such products is risky and you may lose all of your invested capital. All these work together to give traders a secure trading ecosystem free from potential online threats.
- It is used to access financial markets and offers a streamlined way to manage a portfolio.
- This can be advantageous because it allows the trader to better determine the position’s entry and exit prices.
- Once you’ve selected a trading tool, you can choose whether you want to see area charts, Heiken Ashi charts, line charts, or candlestick charts .
- Being a commission-only platform, LimeFX charges a small commission on all trades completed on the platform.
LimeFX is known for having zero spreads on all trading instruments and accounts. In a Zero Spread, there is no difference between the bid and ask price. Zero Spread accounts have predetermined entry and exit levels which users must agree to when opening the accounts.
What Can I Trade On LimeFX?
The names on the card must be similar to those used to register the LimeFX account. Please note that at this time, LimeFX does not accept U.S. clients. If you live in the United States, you will want to select another broker. Thankfully, we found in this LimeFX review that the site and app are secure with full data encryption.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money Please read our full legal disclaimer.
The minimum required threshold drops to € 10 after the first payment of money. Both for the more experienced traders, who can evaluate the trading platform before deciding on one. As a result, when you invest with LimeFX, you’re buying derivative contracts based on the underlying rather than actual assets on the stock exchange. There is also an FAQ section partitioned into several sections like trading transactions, trading platforms and terminals, trading conditions, verification, and banking.
In general, the platform accepts both retail and institutional clients. Retail clients, also known as personal investors, buy or sell assets for a personal account. Institutional clients trade assets for accounts that they manage on behalf of other people. Besides its native trading platform, the broker also supports Metatrader 4 — electronic trading software licensed to different brokers. You can choose which of these platforms you want to use when creating your account. Many reviews say it’s a good place to start investing, from the demo account to the live account.
In addition, withdrawals from inactive accounts attract an additional 2% of the total amount withdrawn on top of the regular withdrawal fee. In addition to bank wire and credit/debit cards, LimeFX allows users to withdraw using Skrill, Sofort, Teleingreso, Rapid Transfer, Multibanco, P24, and Ideal. You can make deposits using bank transfers, credit or debit cards, e-wallets, and a range of vouchers. While deposits typically process immediately, e-wallet withdrawals can take 24 hours, and bank transfers up to 5 working days. The broker accepts a variety of credit and debit cards, including Visa and MasterCard.
The software offers a feature-rich, user-friendly interface that can be customized to fit different trading environments. MT4 has been designed to help users fulfill their trading needs as well as boost their trading performance. As a vote of confidence in LimeFX’s security capabilities, traders in 27 countries across the globe have trusted the platform with their information and funds. In addition to its more than 20 years of experience as a market maker, LimeFX’s regulated and licensed status with CySEC lends further credence to its reliability. LimeFX has been licensed under the stringent EU regulation that places much emphasis on investor protection. Another way LimeFX users can earn extra money is through the Forex Trading Affiliate Program.
Once you’ve selected a trading tool, you can choose whether you want to see area charts, Heiken Ashi charts, line charts, or candlestick charts . You can also choose the timeframe you want to see, ranging from minute-to-minute to month-by-month. What we loved in our LimeFX review is how easy the website, platform, and app are to use.
LimeFX Inactivity Fees
Bitcoin, Ethereum, Ripple, Monero, Dash, and other popular cryptocurrencies can all be traded on the platform. LimeFX offers no Islamic accounts for personalized Islamic trading. There are various fees on LimeFX that vary from one payment method to the other.
Cryptocurrency traders have a reasonably good choice when using this trading platform. The broker offers around 50 cryptocurrencies at the time of writing, limefx scammers including 32 individual cryptos and 17 cryptocurrency pairs. Currently, the LimeFX trading platform offers more than 50 cryptocurrencies.
Forex Online Brokers
With more than 20 years of experience, it’s a tried and tested platform. To withdraw funds from your account, go to the top right drop-down menu and select “Withdraw Funds,” then create a new request. This regulation establishes that the company exists and is subject to the jurisdiction of the Cyprus authorities.
Although it is not a 100% guarantee, a scam broker would almost certainly not be registered with CySEC. We have seen a strong need for better media coverage in the industry as the rise and popularity of digital currency is at an all-time high. Captain Altcoin is made up of investors and digital currency enthusiasts. Torsten Hartmann has been an editor in the CaptainAltcoin team since August 2017. He gained professional experience as a PR for a local political party before moving to journalism.
Companies like eToro, Capital.com, and XTB offer no trading commissions in exchange for an increase in market spreads (bid-ask price). Being a regulated trading platform, users can rest assured that their money is in safe hands. The regulatory status of a broker is one of the key factors that traders consider when selecting a broker.
LimeFX offers up to 8 languages on its platform making it easily accessible to many traders around the world. All trading instruments listed on LimeFX are zero spreads meaning the listed price is what traders pay for without ask prices and extra biding. This helps traders to determine beforehand the exact entry and exit levels. The LimeFX web trader platform is a feature-rich clean trading interface. The platform has several analysis tools to help the trade make informed data-backed decisions when making trades. The registration process is also fairly short and simple requiring only an email and a password.
LimeFX Quick Summary
Other details collected include banking details used to fund and withdraw funds from your wallet. Depositing funds into your accounts is also streamlined and only requires e-wallet or credit/debit card details. One of the leading and most experienced brokers, having been in the industry since 1997. The broker has helped investors to invest in a wide range of investment instruments. Users can use a wire transfer or a credit card to deposit funds in their LimeFX wallet.