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Additionally, the company has a unit registered in St. Vincent and the Grenadines. Established in 2003 Academy has provided millions of traders worldide with top-tier offline and online educational services. You can open an account by entering your name, email address, national security number, and a copy of your passport or driving license.
But the good news is that LimeFX is one of the most cost-effective, especially with its 50% discount on LimeFX instruments. When choosing your trading broker, it’s crucial to consider the different deposit and withdrawal options. In this LimeFX review, you’ll discover one of this platform’s main advantages is that it doesn’t charge fees for making deposits. Because the broker only offers CFD trading, it’s much easier for you to diversify your portfolio by speculating on a wide variety of different assets.
- It is highly recommended to cautiously consider your investment goals, experience level, and risk appetite before deciding to invest in foreign exchange.
- LimeFX has been providing clients with brokerage services in currencies, stocks, indexes, oil and natural gas, gold and commodities.
- To ensure the most secure and best overall experience on our website, we recommend the latest versions of Chrome, Edge, Firefox, or Safari.
- We found one major disadvantage when writing this LimeFX review.
The mobile features include an in-app live chat feature for 24/7 customer support. Clients can also opt-in to receive daily news and market update notifications. The proprietary trading platform is also easy to use, especially if you take advantage of their free demo account. You can navigate to the instruments or assets you want using the tabs in the top search bar at the LimeFX website. This trading platform has numerous selling points for those looking to start LimeFX trading. In this section of our LimeFX review, you’ll find the key advantages of this online broker.
LimeFX Trade Experience
Unlike the website, the customer live chat feature is available in English, Portuguese, German, Dutch, French, and Spanish. 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.
You can choose which of these platforms you want to use when creating your account. If you’re wondering whether it’s the trading platform for you, you’re in the right place. In this LimeFX review, we’ll cover everything you need to know, from its trading fees to its customer service. Founded in 1997, LimeFX is one of the biggest names in the business.
Thanks to the platform’s low fees, however, it is possible to make money with LimeFX. When writing our LimeFX review, we found that educational resources are one of the broker’s weak spots. As well as its demo account, you’ll find a small selection of webinars and some FAQs. These cover the basics of trading, but if you’re looking for more detailed information, you may need to look elsewhere. No reputable broker platform is entirely free, so you should always expect to pay a certain amount of money in fees.
With around 50 LimeFX CFDs available, it should be on your radar, especially if you’re keen to start trading crypto. It’s a platform that’s tried and tested — and has the customer reviews to prove it. Any trading platform will ask for access to highly sensitive data, from your Stock certificate bank details to your passport number. That means it’s vital to choose a company that places the utmost importance on security for you as a customer. Besides its native trading platform, the broker also supports Metatrader 4 — electronic trading software licensed to different brokers.
The platform lacks variables such as margin, leverage and dealer spreads. Once active, the trader simply picks an asset, selects the amount of capital to commit to the trade and then chooses whether to buy or sell. Thanks to its low minimum deposit of €100, it’s an accessible broker—you don’t need a large budget to get started. It also offers a demo account for its in-house platform, so you can practice trading before putting real funds at risk. The platform charges a commission fee of between 0.1% and 1% on LimeFX trading. It also charges a 1% fee on Neteller withdrawals and 0.5% on bank transfer withdrawals.
What Trading Platforms Does LimeFX Offer?
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 offers all the instruments and assets that LimeFX advertises on its website.
VIP client managers who offer individualized white-glove service to key clients. You may need to pay tax on any money you earn through the LimeFX platform, depending on your country’s taxation laws. LimeFX doesn’t allow hedging, a risk management strategy designed to protect you from losses. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices.
The EUR/USD rate makes up the lowest rate on major currency pairs, with USD/RUB, the highest at 0.41%, followed by EUR/RUB at 0.386%. We expect our partners to open branded office of our company to support existing leads and clients as well as find new ones. You can make deposits using bank transfers, credit or debit cards, e-wallets, and a range of vouchers.
It also offers forex trading, stocks and shares, ETFs (exchange-traded funds), and various other commodities. The BDSwiss Group trades using the brands BDSwiss, Swissmarkets and BDS Trading. The regulator said that BDSwiss Group used the fact that one of its firms was regulated in the UK to convey legitimacy on the group as a whole. However, 99% of UK consumers taken on by the group traded through the group’s overseas entities. Our international brand has over 24 years of experience in offering clients simple access to trade in the global financial markets. Overall, LimeFX is an excellent option for traders looking for an accessible platform with a quick, easy, and cost-effective sign-up process.
LimeFX Cons
The low €100 minimum deposit fee is excellent for beginners who don’t want to jeopardise large sums of money. In our LimeFX review below, we’ve outlined the key pros and cons of this online broker. When you trade using CFDs, you can trade assets without investing in the underlying currency . It is a popular way for people to speculate on foreign currencies, as it removes the need to own each asset outright.
LimeFX offers trading on both individual cryptocurrencies and LimeFX pairs. Thanks to the popularity of its LimeFX instruments, the company has reduced its brokerage fee by 50%. Cryptoassets are a highly volatile unregulated investment product. 74% of customers loose their investment with this CFD provider.
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. LimeFX gives the general impression of an efficient online broker without many bells and whistles. The company is regulated by CySEC, thereby helping ensure the safety and segregation of customer funds, which is a big plus. In addition, the company’s award winning dealing platform, which includes an excellent news feed, is easy to use and ideal for novice traders to use. LimeFX uses its own proprietary web-based trading platform, which is extremely user-friendly.
LimeFX Deposits And Withdrawals
To ensure the most secure and best overall experience on our website we recommend the latest versions of Chrome, Edge, Firefox, or Safari. According to the company’s website, opening a LimeFX account can be done through credit or debit cards, wire transfers or SEPA transfers. Other deposit methods are accepted at the discretion of LimeFX, although the company does not guarantee that all transfer methods are available in the client’s country of origin. 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.
How Can I Deposit Into A LimeFX Account?
These include the proportion of traders who are buying or selling your chosen asset, which can be helpful information when it comes to making your own trading decisions. Overall, the platform’s features aren’t as advanced as those of Metatrader 4, but it keeps the trade experience LimeFX review – Scam or legit forex broker? straightforward. Once you’ve set up your account , all you need to do is navigate to your chosen LimeFX pair and click on the trading tab to start trading the crypto CFD. All other instruments and tradable assets have different percentage charges.
Because the broker has been active for over 20 years, it’s built up a strong reputation in that time. Almost 90% of its 1,810 reviews are ‘excellent’ or ‘great’, and the company generally has a positive reputation. While deposits typically process immediately, e-wallet withdrawals can take 24 hours, and bank transfers up to 5 working days. According to CoinMarketCap, Bitcoin is currently worth over $57,000 — and although it’s possible to buy a percentage of 1 BTC, it can still be costly. CFD-trading lets you cash in on the crypto hype without having to invest in your chosen asset outright.
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 forex by checking the FAQ page on the LimeFXpany website. Besides the charting techniques, the LimeFX trading platform also shows you a range of useful statistics.
From the 6th January 2021 and onwards, the platform has been unable to offer its LimeFX instruments to retail clients in the UK. Its crypto instruments are still available to UK institutional clients and retail traders from elsewhere in the world. The platform offers CFD trading on around 50 crypto assets, forex, stocks and shares, and EFTs (exchange-traded funds). Users of the mobile app can access the same features as traders who use the desktop version.
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. It’s also an increasingly popular way to trade cryptocurrencies. Currently, the LimeFX trading platform offers more than 50 cryptocurrencies.