LimeFX Review 2020
Traders must verify their account to be eligible for withdrawals. The broker offers both fixed and variable spreads depending on the specific market being traded. If a client’s account has funds, he/she can log into “MyAva” and follow the withdrawal procedure outlined there. Following the withdrawal of funds, the client EURNOK can email his/her account manager or customer support and request closure of the account. The firm provides phone support with separate numbers provided for each country where LimeFX operates and a live chat option is also available. The firm also charges inactivity fees of $50 for 3 consecutive months of non-use.
It is important to note that the interface cannot be customized. None of its elements can be moved to suit the users’ preferences. You can open an account with LimeFX by clicking on the Register Now tab on the broker’s homepage. Standard Account – This refers to CFD accounts opened with LimeFX’s entities outside of Europe. Retail Account – This includes access to CFD trading and Spread Betting . We also phoned the UK telephone number on the contact us page and were connected to a live agent within 20 seconds which is very fast.
Also, the broker is a sponsor of Manchester City which shows me seriousness. LimeFX provides a great range of video tutorials covering topics suitable for beginner and advanced traders. There is also a large database of articles covering technical analysis indicators and strategies that are well limefx website written with images. LimeFX scored highly in this category with good customer support which is available in a variety of languages, through phone, live chat or email Sunday evening to Friday evening 24 hours a day. The mobile app allows you to place pending trades or enter live at the market.
How To Open An Account?
LimeFX employs favorable trading conditions for their traders which has helped them climb to the top among online trading brokerages. LimeFX does not charge any commissions, but rather generates their fees from the spread. Traders have the choice between two different pricing models, fixed spreads or floating spreads. The fixed spreads are not the lowest in the industry at 1.9 pips for the EUR/USD major currency pair. However, for more active traders with more experience, they can choose to trade with floating spreads which are typically 0.7 pips for the EUR/USD currency pair. LimeFX rewards those who are serious traders with deposits over 100,000 USD, EUR, GBP or equivalent, as well as traders with $100 million in quarterly trading volume.
With the help of Negative Balance Protection, all of your positions will be automatically closed once your balance nears zero. This way, you won’t be able to lose more money than you already have on your trading account. MetaTrader 4, known as the most popular trading platform, provides flexibility and power to satisfy traders of all experience levels and trading knowledge. The platform accommodates you to trade in you ideal trading environments. There are quite a few traders who are opening and closing their trades on the same trading day. They are called day traders, keeping their positions less than 24 hours.
Another hours after, ava cs apac came back again and asked me the exact same information that already replied. LimeFX is a solid broker that is regulated in a lot of countries. In my opinion, the main drawbacks of LimeFX are the excessive inactivity fees and the fact that it does not offer as many products and assets as other providers, such as DEGIRO, XTB, and LimeFX. There are daily webinars for the actual market situations and professional analysis with good trading ideas. Furthermore, LimeFX got professionally educated employees which can help you to understand and trade the financial markets successfully. FX Options is a popular financial product to earn a high profit in a short time horizon.
Deposits And Withdrawals
First of all, the broker requires that you have sufficient trading activity throughout the past 12 months with LimeFX. Meaning that the trader should have carried out transactions in significant size at an average frequency of 10 per quarter. The markets eligible are leveraged CFDs, Forex, or Spread betting. Furthermore, the broker asks for the financial instrument portfolio exceeding 500,000 EUR, which includes both cash savings and financial instruments.
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This will expire after 21 days but you can open a new one after. LimeFX’s platforms include a web-based and mobile trading app called Webtrader. WebTrader is the company’s proprietary trading platform, along with a platform AvaOptions, designed for forex CFD traders. They offer traders a variety of financial instruments including commodities, bonds, cryptocurrencies, stocks, and stock indexes, all covered by the platform’s CFD products. LimeFX provides the ability to trade on the MetaTrader suite of trading platforms. These are considered to be the most popular trading platforms in the world.
The LimeFX rating was primarily affected by the introduction of these platforms. LimeFXGO even claimed the title of the most innovative technology and for a reason. The platform allows traders to connect global trading markets with social trends and live feeds. The primary advantage of the platform is a reduced risk of trading and simplicity of use.
LimeFX Commissions And Fees
In addition, you need only one trading account to log in on any device. The LimeFX platform can be used by advanced traders, and the spreads are competitive, close to the industry average; it offers trading from a tablet, desktop, web platform, mobile, MT4, and LimeFXGO. Also, it provides an automated trading platform and conducts several free webinars for traders of all levels. More experienced traders have an option to register a professional trading account instead of the standard one with an LimeFX Forex broker. However, the clients should satisfy certain criteria in order to become eligible and create a professional account.
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It does not charge any trading fees, deposit fees, or withdrawal fees and bears all the trading costs. Once the traders are ready to trade with confidence, they can switch to real trading at their own discretion. Traders should, however, be careful that the market is volatile and sometimes accounts lose money in huge amounts due to leverage.
You should consider whether you can afford to take the risk of losing your money. Ava Select customers enjoy express withdrawal, customized trading terms and benefits, and a Stock exchange tailored educational program. LimeFX manages to cater to the needs of a wide range of traders with a great array of trading platforms, for both manual and auto trading.
How To Start Trading With LimeFX
The quickest and easiest way to contact customer support is through live chat, which is available 24/5. LimeFX considers trading and education a crucial component of its ability to allow traders to trade with confidence. The LimeFX ebook, “Forex First Steps”, was written with new clients in mind, as it introduces the Forex trading realm to first-time traders. LimeFXr– A fully customisable platform that is very user-friendly, and comes complete with all the necessary tools, whether trading on a desktop computer, tablet or mobile phone. You can open a demo account and test the platform’s potential without obligation if you want to try LimeFX and give your personal opinion to the broker.
They have been operating in the industry for more than a decade, giving them substantial experience that has led to an enviable reputation. LimeFX is licensed and regulated by the Irish Financial Services Regulatory Body, as well as being authorised limefx company reviews by the FCA. This online broker has come a long way since its inception in 2006, and now has a number of offices worldwide including in China, Australia, Nigeria, Spain, Italy and Japan. It boasts trading volumes of more than $60 billion per month.
Here at ForexBrokers.com, we maintain the largest independent regulatory database available on the web. Using 28 different variables, we have created a proprietary score of overall trustworthiness, which we call the Trust limefx cheating Score. Ava Capital Markets Pty is regulated by the prominent regulatory organization of South Africa — South African Financial Sector Conduct Authority . Easy search functions and intuitive research tools are available.
While this type of dealing has a bad reputation, all UK spread betting providers will operate this model. Some brokers will also offer a Direct Market Access solution but this will mainly be for professionals. The overnight swap fees were also in line with the industry average. This fee is important for long-term traders, as overnight fees can add up if you are holding trades for a long period of time. LimeFX’s trading fees for Forex and commodities are competitive and better than the industry average.
Yes, beginner traders will find a lot of resources and help to support them. With a wealth of research and education available, along with fast and helpful customer support, LimeFX is worthwhile considering. With LimeFX, you can access a wide range of educational materials through articles and videos.
The first step in recovering is providing a piece of concrete evidence and a review of the evidence. That is why I’m going to recommend a cyber firm that specializes in fund recovery using digital forensic coupled with the different strategies to tackle online scammers. Their service can be used to dispute credit card transactions as well as escalate the discord to governmental bodies such as ombudsmen services and financial authorities.
When it comes to withdrawals, you can take your funds via the same methods as mentioned above. Note that withdrawals may take up to 5 business days to process. Launched in 2006, LimeFX is one of the oldest online brokerages operating worldwide. MetaTrader 4 – the most popular platform on the market, which is claimed to be quite intuitive and simple to be operated with for the customers.
This account is mostly similar to the standard account but it doesn’t offer cryptocurrencies, and Rollovers are only available for certain exotic forex pairs. Users who want to try out the platform can start with LimeFX’s demo account. The demo account is available regardless of which account type you sign up for and has $100,000 of virtual money.
- Sadly, LimeFX Go did not make it into our list of best apps for forex trading.
- The AvaSocial mobile app is also great if you’re interested in social trading and copying the trades of other traders.
- LimeFX has a dedicated webpage which provides information in the form of answers to FAQs.
- We do not present any investment advice or guarantees for the accuracy and reliability of the information.
LimeFX provides an economic and earnings calendars and limited research through Sharp Trader. A brief (2 to 4-minutes) daily Trader’s TV video comprises the core of research materials, with the script then transcribed as a Daily Market Review. Trading Central provides intra-day updates and short-term technical signals while a blog keeps the client updated on market events.