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LimeFx Review 2023 Expert Trader Insights LimeFx Review 2023 From An Expert Trader

Whether you are a beginner, intermediate or professional, you choose one of the best-suited account options for you and start trading. On the other hand, there’s a 2 USD commission per traded lot per side. The available trading platform is MetaTrader 5 with a minimum initial deposit of 100 USD. There are 50 currency pairs available for trading on this account in addition to indices and commodities. LimeFx offers several customizable and sophisticated trading platforms that are appropriate for traders of different styles and levels.

They offer the MetaTrader 4 (MT5), MetaTrader 5 (MT5), CQG & ROX platforms. I think all of the platforms are excellent for anyone looking to analyse the markets, place and manage positions. However, I personally prefer the MetaTrader platforms as I feel that they are the most user-friendly.

  • In another attempt to understand the services and standards of LimeFx as a brokerage service, it is important to do a comparative analysis of LimeFx with other trading platforms.
  • Our review indicates that traders on the platform can trade up to 90,000 futures and futures options instruments.
  • The broker immediately gives you access to an MT5 user id and password for the web, desktop and mobile app separately along with $100,000 in virtual funds.
  • In this broker US review, we will be vetting the truthfulness of these claims, analyze the brokerage products and detail the nature of its services.

In this regard, it is very important to consider customer reviews while evaluating LimeFx as a competent brokerage service. Moreover, another positive aspect of LimeFx is that it is a regulated and licensed firm with EU authorization for the security of customers’ funds. A major part of any broker’s legitimacy and reliability depends upon the legal framework it follows. Hence, LimeFx can be said to be a trustworthy name when it comes to legit online brokers. Hence, according to AFM evaluation criteria, any trader be it a novice or a seasoned investor can invest with LimeFx brokerage services for a profitable trading experience.

Fact-checking Standards

LimeFx offers a wide range of handy methods to deposit and withdraw funds from your trading account, totalling more than 20 options. Bank wire, credit card and debit card, and online payment platforms such as Neteller and Skrill are all acceptable payment methods. Please keep in mind that some deposit and withdrawal options are only available to residents of specified countries and that not all methods are accepted for both deposits and withdrawals.

  • However, it is time-consuming and exhausting to find one reliable, licensed, and legitimate brokerage firm for trading investments.
  • Customer assistance is available by phone, fax, email, and live chat.
  • You may need to verify your account to remove limits on particular methods in some countries.
  • After evaluating LimeFx based on the above-mentioned criteria it was observed that it is a firm that has passed these tests.
  • The set standard remains the same for the brokers so that there is no prejudice or bias while the evaluation process takes place.

At Asia Forex Mentor (AFM) Evaluation, we try to analyze various brokerage platforms that are operating in the financial markets. Each broker and its services are researched and assessed thoroughly to come to a conclusive opinion so that the traders and investors can make up their minds regarding their investments. LimeFx is an often overlooked brokerage firm that provides day traders and other frequent investors with competitive pricing and a large suite of trading tools. It’s worth checking out because it may rival or even beat your current broker. In this LimeFx review, we attempt to quantify the value it provides to various types of traders. You will find that LimeFx have a great variety of flexible and powerful trading platforms suitable for all styles and levels of traders.

Binance.US Halts USD Withdrawals

If a trader can put up with these drawbacks, they enjoy reduced commission rates. LimeFx’s minimum initial deposit is somewhat for the industry at $2,500. Once an account is opened, clients must maintain a balance of at least $2,000 or else their capability to trade ceases until they deposit more money.

Is LimeFx a trusted broker?

We may be compensated but this should not be seen as an endorsement or recommendation by, nor shall it bias our broker reviews. Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method.

Software Fees

We use dedicated people and clever technology to safeguard our platform. In order to start trading with LimeFx limefx official site , you have to deposit at least 100 USD. Transfers in from one account – say the IRA – to the account are free.

Established in 2007, LimeFx is a forex broker with headquarters in Limassol, Cyprus. Now don’t get me wrong, it doesn’t mean you’re guaranteed to lose money. I’m just saying that you need to be aware of what you’re getting yourself into. But if you mess up and miss a trade even one time, your month can turn sour pretty quickly. That was until a few years ago when I discovered a way to make money online by actually helping real people. All I really wanted, was to actually enjoy life – more vacations, less stress, buy myself nice things without worrying about the cost… but that was something my 9-5 couldn’t provide me.

Stock CFD trading on LimeFx

So, if the broker fails to settle claims of investors or folds up, they are secured up to $500,000 and €20,000 correspondingly. Both platforms, MT4 and MT5, are available for desktop as well as mobile versions, Android and iOS, for use on smartphones and Tablets. Customer service is friendly and
professional, and having the ability to contact them on the weekends is a real
bonus for those who have general questions or basic concerns. The education and research offered by
Trading Central are broad and deep, covering both fundamental and technical
research, along with economic and news-based indicators.

Alike, trading futures or options through CQG will cost you $1.50 commission per side. Yes, LimeFx is a reliable and trusted broker that is serving over a million customers worldwide. Moreover, this broker is also bound to follow the legal framework of the European Securities and Markets Authority (ESMA) and is also a member of the Investor Compensation Funds. This enables the broker to provide the best possible services to traders and investors worldwide. Moreover, traders also have the option to connect to their own API while trading stocks with this broker.

LimeFx is regulated in Cyprus, offering more than 30,000 instruments for trading. There’s a wide range of account types available, including the full set of MetaTrader platforms and traders get 24/7 online customer support. LimeFx is a global online broker that provides a variety of trading goods and services. Clients can trade Forex, commodities, cryptocurrencies, stocks, indices, energies, metals, bonds, options, futures, and CFDs, among other asset classes. Since 2006, LimeFx has been providing an online trading platform to millions of clients from 130 countries.

With offerings of a wide range of trading instruments, LimeFx has made its name as a reputable broker in the financial market. There are multiple withdrawal options available on the LimeFx platform. From standard options of credit and debit cards to traditional bank transfers all these withdrawal methods are provided by this broker. Along with this, major e-wallets and online transaction applications such as Skrill Neteller, and CashU are also available on the LimeFx trading platform. LimeFx offers a wide variety of trading instruments and asset classes for its customers.

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