Forex traders must have valid identification and proof of residential address as part of the “Know Your Client” or KYC and Anti-Money Laundering processes to ensure a secure trading environment. LimeFX makes use of stringent security protocols and guarantees client fund security by keeping funds in segregated accounts, separate from the broker’s own funds. Yes, LimeFX is not regulated in Europe as a forex broker according to the official website.
- Easily adjustable proxy servers allow quick connection from any location, overcoming any barriers.
- Forex traders must have valid identification and proof of residential address as part of the “Know Your Client” or KYC and Anti-Money Laundering processes to ensure a secure trading environment.
- Operations in the international foreign exchange market Forex contain a high level of risk and are not suitable for all investors.
- If the broker should become insolvent, it means that client funds are kept safe.
Commission payable is based on 0.003% of the transaction amount, but are a little different for the MT5 NDD trading account. Discover a broker you can trust by reading our in-depth and honest reviews, created by industry experts. Yes, LimeFX has an educational section for beginner forex traders offered on the official website. Deposit/withdrawal of funds is possible through plastic cards, bank transfers, online payment services. Detailed information on financial operations is displayed in the personal cabinet of the client.
Does LimeFX have a deposit bonus?
Then complete a few simple steps to register an actual trading account, which will provide you with a full service package and the ability to make money on Forex. LimeFX has been operating in the Forex industry since https://limefx.name/ 1998. There are two main centers of operation, both of which are licensed and regulated. In Europe, LimeFX Holdings Ltd is a company with offices in Limassol Cyprus, and as such comes under the regulation of CySEC.
● if you’re a profitable trader then don’t go with this broker. Make a deposit on the account in the section “Methods of depositing and withdrawing funds.” Guaranteed execution of limit orders, stop losses (S/L) and take profits (T/P) at stated price.
$10 No Deposit Bonus – Open a Live STP account, $10 Bonus is automatically added to your account
An economic calendar is an important tool used by forex traders. It provides forex traders with an in-depth view of announcements and other economic information that is scheduled to be released. Events such as these could impact financial markets and subsequently, the trades of forex traders. Forex traders will receive an email to the address that they provided with their login credentials.
LimeFX Ltd is registered in the British Virgin Islands where it is licensed to provide LimeFX services and regulated by the FSC. There are various offices located throughout the world including Singapore, Mosco, Munich, Vienna Kiev, and Shanghai. When the company first came into existence it was known as Financial Intermarket Brokerage On-Line and started life as an LimeFX consulting firm in 1998. It wasn’t until 2003 that internet trading in the Forex market was added as a service.
By applying leverage, forex traders can open larger positions despite their initial deposit on their trades. With a LimeFX account, forex traders are provided with NDD technology, tight spreads, modern trading technologies, and more. That being said, we found both the international and European versions of the broker’s websites very easy to navigate and really quite fun. LimeFX have enjoyed a good reputation over the years and the fact you can open various demo accounts means you can try everything before risking your own money.
Trading conditions, deposit/withdrawal of funds
There are a good range of trading products available making it possible for most traders to find something to suit them. A deposit bonus is often granted to forex traders as a percentage back on their deposit. According to the LimeFX website, under Promotions, LimeFX previously offered a deposit bonus. However, there are no announcements regarding when the broker plans to offer this again.
The broker has been on the market for more than 20 years and continues to develop, attracting the attention of more and more clients. In 2023, January through December, all of our clients can participate in a ‘Triathlon’ competition with a Managed PAMM account funded with $25000 as a reward, and even more! But the main prize for everyone is a new trading experience and useful knowledge you’ll get. I have been trading with the LimeFX for over a year under My friend recommendation.
CTrader was developed by a British company, and has been designed from the bottom up for ECN trading. Some traders also prefer the cTrader platform over MetaTrader, arguing it has a better and more intuitive limefx official site user interface. Spreads and commissions are payable on all trading accounts apart from the MT4 NDD no commission account. Spreads for this account can be wider and start from a minimum of 0.8 pips.
All times in the site will be translated to your local time. Compare broker See what benefits one offers over the other. Find Your Broker We helped new traders to find their path. According to the official LimeFX website, the broker does not currently run any contests. There is no indication of whether LimeFX has offered such contests in the past or whether it may be in development for the future. There is a weekly $50 fee per standard lot on certain forex pairs whereas others will have a fee of $150 applied.
Does LimeFX have a mobile app for Forex trading?
I’m a forex enthusiast turned writer from the University of North West, South Africa. Born on 11 November, 1987 – when I’m not behind my writers desk I enjoy reading about entrepreneurship, woman led startups and blockchain technology. I have account with this broker, I didnt have any problem with fibo yet now. Watch the most common forex scam videos and how to avoid them starting right now. 100% Deposit Bonus – Receive a 100% Bonus on Deposits (Max Bonus $5,000). LimeFX accepts clients from all over the world, excluding USA, Great Britain, Belgium, Austria, Australia, Iraq and North Korea.
What platform does FiboGroup offer?
However, forex traders must note that this option is only available on the MT4 Fixed Account. According to a Forex Suggest review on LimeFX, in terms of security, trading speed, online support, and for cryptocurrencies, LimeFX is a good broker. No, LimeFX does not have a forex traders dashboard on the official website. Good spreads, tons of pairs, fast execution.LimeFX also has the best deposit and withdrawal system I have ever seen.Instant and no charge. Please read LimeFX Reviews below and share your live trading experiences with this broker. Everything a trader needs to conduct successful trading in financial markets – and much more.
Forex trading imposes a high level of risks and is not suited for all traders and investors. As much as trading on foreign exchange markets may be potentially profitable, it can also lead to significant losses. Ensure that you have enough trading experience, knowledge and full comprehension of potential risks involved. Most derivative contracts have high leverage and low margin requirements.
When using a demo account, it is not necessary to deposit real money. Optimal selection of trading accounts, each offering different conditions for executing orders, in order to achieve the best results in the chosen trading strategy. We offer accounts with execution at the declared price and market execution , both with a commission and without it. Our trading platforms are supported be Windows, Android, iOS and web-browsers. They grant access to trading and offer an impressive set of analytical instruments to build your own trading strategy. Install our FIBO Drive app to manage your accounts from any Android or iOS device.