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LimeFX review: how to trade on a Forex broker platform

There is also chat support that you can use during the week at working hours. The max you can deposit via a credit card or debit card is £7,000. There is usually a commission charged on card deposits, with those made through GBP, EUR or CHF having a 1.2% fee.

  • Currently, in LimeFX Bank SA, the adjusted quotation consists of 0.5% commission.
  • All your data and transactions will be protected after the broker verifies your identity.
  • The slippage control and the absence of reqoutes are the additional advantages of the broker.
  • By proceeding further, you express your desire to be contacted in regards to our services and offers.
  • With more than 15 years of experience in the Forex market, LimeFX is regulated by FINMA, FSA and FCMC.

And for trading’s sake, make sure to book your place for LimeFX’s next Webinar, for a shot to get to know Michalis better. Proprietary Java platform, which is optimized for manual trading. It is intuitive to use, and allows use of the most popular chart indicators. Platform, which can be used for automated trading or manual trading, though it is optimized for automated trading.

One cannot use the same login to check some stuff on different charting platform. LimeFX is a broker and a bank established in 2004 and holding Swiss bank license since 2010. LimeFX is regulated by FINMA and JFSA ; headquarters are located in Geneva, Switzerland and international offices include China, Japan, Latvia, Malaysia, Russia, Ukraine, and UAE. Multi-Currency Account holders who seek to accumulate wealth above $100’000 can apply for a Private Banking Account and benefit from services designed for storage and accumulation of wealth. CFDs are leveraged products and as such loses may be more than the initial invested capital.

LimeFX TV – Hoje

E-wallet options like Neteller and Skrill are present to use. Cryptocurrencies too are available like Bitcoin , Tether , or Ether . One of these is LimeFX Bank, the original company established in Switzerland in 2004. So it is regulated by Swiss Financial Market Supervisory Authority – FINMA, the Swiss watchdog. LimeFX Bank is regulated by the Swiss Financial Market Supervisory Authority FINMA both as a bank and a securities firm. And what better organization to understand that concept better than a financial bank group is LimeFX.

After the development of the Swiss FX Marketplace in 2006, LimeFX acquired a Swiss banking license in 2010 and launched LimeFX Bank. Clients of the Bank may find the P2P service inside LimeFX Connect app under the 911 dedicated section. limefx scammers LimeFX Bank SA informs about its website’s fraudulent clone on the domain -coins.com. Please be aware that this website is not controlled and does not belong to LimeFX Bank, LimeFX Japan or any other entity of LimeFX Group.

LimeFX really ticks a lot of boxes for traders, whether they are retail or institutional clients. They are particularly well suited to active and automated traders due to their competitive spreads and discounts of high volume trading. They also give you the option to contact them using Skype so you don’t have to pay expensive fees when ringing them through the phone.

Multi-Currency Account

The only pain is getting the account open in the first place, expect to have to produce a dossier of detailed information but even this is reassuring. They are not for €500 accounts but if you are trading €10k+ definitely recommended. They have more convenient iterface and provide good polite support. I can’t say that I became a millionaire in two days with this broker, but all their conditions in general are enough to earn and see results. I’d like to admit that there almost no slippages and good stable spread.

  • LimeFX Forex broker is well-known as one of the biggest retail trading unities in the entire world.
  • Invite your friends and get rewarded for each user who opens an account with LimeFX Bank.
  • Since forex trading has already been a popular way of investing money, hundreds of organizations have started centering this business.
  • You will be hard-pressed to find a better research offering elsewhere.
  • LimeFX is a Swiss bank which also functions as a broker for trading on the Forex market.

In this way, you can earn much more money, although the risk is much higher. One of the reasons why users’ opinions recommend this broker is because it offers a trading of crypto-currencies without a digital wallet. LimeFX Bank has no risky securities, no real estate property and does not provide any credit. Then the LimeFX Trading Platform was developed by this company. Also in 2004 LimeFX forex broker was founded by Andre Duka.

A user will have an access to relevant news and sophisticated analytics to grow his/her trading sense. A user will have the option to choose any currency from the list of 23 and make his/her deposit. Tell us your experience using a LimeFX service in the comments.

Trading in Crypto CFD

You can also request a call back from the customer support team if you prefer to use this method. They offer competitive spreads, especially when it comes to those placing a lot of trades. It is one of the leaders in terms of overall costs for active trading or automated trading in the sector today. The LimeFX trading platform launched in 1999 as part of LimeFX Trading Technologies Corporation. The Swiss brokerage house aspect of the company was started in Geneva during 2004.

LimeFX forex broker

In order to linkage between the MT4, LimeFX Trading offers a simple plug-in for the existing trading platform. With the plug-in, trading signals from MT4 can be instantly transferred to platform in LimeFX Trading, executing the transferred signals. Having the plug-in, customers shall be free to trade in any platforms they preferred. They are constantly changing the types of bonuses they have for their customers. They offer both traditional trading accounts and ECN options as well. LimeFX offers a total of 653 symbols to trade across multiple markets covering forex and CFD traders with 60 forex pairs and 593 CFDs.

Our overall Verdict on Interactive Brokers

All the tools offered by LimeFX are listed on the left side of the website. In this way, it is really easy to access all the available information (slides, online charts, real-time bonuses). If you prefer not to download any application, you can choose to trade with JForex Web 3 from its website. You will have the multi-platform interface, the immediate communication service and the JForex market analysis tools. To trade on the Forex market through this broker, you can access the platforms from your computer as well as from your smartphone. LimeFX is compatible with Windows, Linux and Mac, as well as with the mobile operating systems iOs and Android.

Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. All variables considered LimeFX finished in 4th place Overall in our 2020 Review, earning its spot among the highest-rated forex brokers in the industry. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Tether is joining Ethereum as a cryptocurrency that can be deposited/withdrawn by the MCA clients directly from/to their crypto wallets.

Many investors are wondering about LimeFX account types, spreads, bonuses and deposit and withdrawal methods. Customer service is generally good with LimeFX, and is offered via options ranging from social media to a live chat. Clients can also put in a request for callback at their convenience. A variety of CFD instruments – and a large range of CFDs for each instrument category allow traders more opportunities for profitable trading. The best brokers will have thousands of CFDs to trade, covering all these instrument categories.

Leveraged margin trading and binary options entail a high risk of losing money rapidly. The opinions of the clients of this broker for trading and operations of Forex currency, recommend to follow certain steps. In order to open an account quickly, the users’ opinions advise to provide all personal information per line and make an initial deposit of at https://limefx.biz/ least 1,000 USD. During years of presence in the brokerage market, the popularity of the company has been significantly increasing among individual and institutional clients. They fully rely on LimeFX Bank’s unique execution quality. Furthermore, LimeFX Bank has expanded its services in offering market information via LimeFX Forex Online TV.

Deposit protection up to EUR 20’000

As in other brokers, the accounts vary from each other according to the amount of money you want to deposit. The deposits of the clients of LimeFX Europe are protected by EU regulation in the amount of up to €20.000 for each client. This means you get compensation and extra protection over your funds which is an advantage since that option of protection isn’t provided by all regulatory services with the brokers. Perhaps surprisingly, deposits and withdrawals can only be made through credit and debit cards, and bank wire transfers. Transaction fees may be charged by partner banks that vary depending on the currency, ranging from 1.2% to 2.3%.

The other thing I enjoyed very much – they have many IB which started a war who will give highest rebates. I started with forextradingchoice.com and now my profit rate is much higher. A couple a years ago this really wouldn’t be my first choice for an ECN broker. But now the things have really improved, the liquidity is much higher than before and no problems getting executed. All reviews represent only their author’s opinion, which is not necessarily based on the real facts.

Depending on the activity carried out through this broker, one or the other fee will correspond. For those who wish to trade through the MT4 platform, the commission will be $1 per MT4 lot. You must remember that it is imperative that LimeFX can corroborate your identity. However, to open an account quickly, users’ opinions recommend to deposit not less than 1000 USD. If you already have a Swiss bank account, the verification process is even easier.