All in all, if you’re looking
for a reliable online trading brokerage to trade forex and other financial
assets, LimeFX could be the broker for you. To support its clients, the technical assistance of these trading platforms is available online. These platforms can be used 24/7 and are free to use in every country in the world.
The online platform designed by LiteFinance is a one-stop trading system that provides a trader with all necessary tools and does not require installing. We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of how we review LimeFX’s product offering. Central to that process is the evaluation of the broker’s reliability, the platform offering of the broker, and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.
We also rate the daily market insights and forex tutorials for beginners. Traders receive independent market news and analysis from third-party provider, Claws & Horns. Available for free to all LimeFX clients, Claws & Horns provides fundamental and technical analysis, video reviews, and various signals. It also provides recommendations for trade opening with entry/exit points that are updated throughout the day, which are intended for medium-term trading strategies. LimeFX‘s mobile trading platforms are average compared to other similar brokers.
Most efficient Forex patterns: a complete guide
LimeFX supports mobile trading by
providing their clients with an entire suite of proprietary mobile trading
applications. The mobile applications available include; Forex Analysis, Forex Signals,
Trading Strategies, Mobile Trading, Forex Digest, and Currency Rates. LiteFinance trading blog is a popular and full source or regularly updated information, essential to trade successfully and improve your trading skills all the time. LiteFinance analysts discuss the future of BTC, look into expert price… Note that the content on this site should not be considered investment advice. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted.
It runs an updated news blog on the world market to notify every risk warning to its clients. It has a margin calculator and a Fibonacci https://limefx.name/ calculator for executing accurate trades. The company gives its client additional access to the expert support of Claws & Horns.
This broker has invested substantially in the functionality and navigability, which makes an excellent first impression on would-be traders. The LimeFX site features extensive information about the account types and assets available to buy and sell using its platform. Customer service contact information is prominently displayed for smooth communication with the support limefx scammers team. This company is a registered broker operating from Cyprus, an EU member state located in Southern Europe. As such, all trading and client activity is regulated by the Cyprus Securities and Exchange Commission. As noted above, this jurisdiction offers investor compensation up to EUR 20,000 on non-professional trading accounts in the event of brokerage liquidation.
Does LimeFX (Europe) accept USA clients?
The broker offers its services at a minimum deposit of $50, and all payments are usually processed within 24 hours from the request time. Clients can use cryptocurrencies such as Bitcoin to add money to their accounts. Every financial transaction made with the broker must be above a $10 deposit. For bank deposits/wire transfers, the minimum deposit should be at least $100.
In regards to the review, an automatic withdrawal service of LimeFX has been evaluated on its ability to execute withdrawal of up to $100 of clients’ funds every day. Every withdrawal is processed limefx company reviews to the bank accounts within 24 hours through e-wallet apps such as Skrill, Neteller, and Perfect Money. However, some charges are applicable on every withdrawal, depending on the provider.
LiteFinance (ex LimeFX)
Overall, tighter spreads and cheaper commissions are offered at other brokers, such as XM. The web terminal allows for trading without any software installation. Web users have the same access to real-time quotes, charting tools, and trading history directly from their browser. The terminal is compatible with any operating system, including MacOS, and is accessible once you have your account login details. The MT4 platform is the go-to choice for many individuals, whether they are new to trading or seasoned professionals.
- Note that withdrawal requests are processed manually by the Financial Department during its working hours and are processed within one working day of the date of submission.
- As a result, their profit margins get lowered, and the trade profitability reduces by being active only on weekdays.
- The crypto charging of Lite Forex accounts can be done by using Bitcoin, Bitcoin Cash, Ethereum, Bitcoin Gold, Monero, and Litecoin.
- CTrader is a trading platform with an intuitive interface, advanced chart analysis tools and unique options for algorithmic trading.
LimeFX does not charge fees for deposits, and as a bonus, it covers deposit fees imposed by the provider. Overall, the account opening process at LimeFX is similar to other international brokers. We suggest you read LimeFX’s customer agreement before opening an account. As you may have already noticed, a great deal of Internet blogs is devoted to trading psychology. The Trading Psychology section of our Forex tutorial deals with the question of what the psychological pitfalls of trading are and why it’s so important to work on yourself. You can start with only $50 but Forex ultimate guide suggests that you start with at least $1000 to effectively reduce the risks of Forex trading.
Deposits & Withdrawals
The spreads and commissions offered by the company are based on a unique fee structure. According to online trader reviews, the EUR/USD spread starts very low at 0.0 pips for the ECN account holders. This commission is likely to increase to $30.00 per lot if the currency pair performs exceptionally. The spread commissions on commodity CFDs are in the range of $0.50 and $20.00 per trade. For the commission-free Classic account, clients get elevated floating spreads, which start at 1.8 pips.
Concerning the findings from this review, LimeFX is a good broker for forex markets. The Marshall Islands-registered broker has been in the industry since 2005, and its continued presence shows why it is arguably the first in the list of reliable forex brokers in the world. The review finds this company a key player and a well-established component in the industry.
ECN trading accounts, traders will see floating spreads as low as 0.9 pips and
average spreads of around 1.1 pips. For classic trading accounts traders see
average spreads of 1.8 pips and on Cent accounts, the floating spreads can
reach all the way up to 3 pips. According to the client reviews, LimeFX clients can top up their funds directly into their accounts using their credit cards or debit cards. Online payment gateways and wallets such as Skrill, Neteller, CentrePay, and WebMoney are also available to deposit money instantly. The clients can choose from options such as Yandex, Alipay, and Dengi.
Along with the above topics, trading blog covers many other additional complementary issues of trading for professionals – money management rules, risk management system and trading psychology. The customer onboarding process employed by this brokerage is simple, with users offered the option of signing up for a demo account that is compatible with MT4 and MT5. Depositing and withdrawing funds is also straightforward and should pose no difficulties to traders regardless of their experience level. LimeFX users can choose between MetaTrader 4 and MetaTrader 5 as platforms for their trading activities. This ensures data privacy and software stability while granting users access to mobile and desktop trading 24 hours a day.