Online Trading in the financial market and trading in CFDs LimeFx Online Forex Broker

LimeFx does not list bank wires as a deposit or withdrawal method, which surprised me, but I like the available selection of payment processors. Deposit payment processing times are instant, except for cryptocurrencies, which can take up to one hour. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database. Unfortunately, we do not provide services to citizens and residents of this country. Withdrawal fees depend on the payment processor, and LimeFx processes all requests within 24 hours.

  1. The interests of LimeFx’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim.
  2. I always recommend that traders check these before evaluating the total trading costs.
  3. Terms and conditions apply, and I recommend traders read and understand them before requesting any bonus or promotion.

A competitive ECN trading environment with audited and verified order execution. We’re committed to continuously improving our products and services, as evidenced by multiple international awards. After the registration of your trading account, you will see your login/password (they will be also sent to your email address).

About LimeFx

I always recommend that traders check these before evaluating the total trading costs. The minimum deposit is $100 for all account types except for the ECN account, which requires $200. Terms and conditions apply, and I recommend traders read and understand them before requesting any bonus or promotion.

Миссия LimeFx:

LimeFx explains its services well, and I recommend the FAQ section before contacting support. I miss a direct line to the finance department, where most issues can arise. LimeFx is also a member of the Hong Kong-based Financial Commission, which has a compensation fund of up to €20,000 per client.

I like the overall range of assets, as it provides most traders withall they need to achieve cross-asset diversification. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights in the commission-based ECN account. The most ignored trading costs are swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade.

Trading Platforms

Most traders will pass it by uploading a copy of their government-issued ID and one proof of residency document. Swap rates on leveraged overnight positions are also competitive, making LimeFx an excellent choice for all trading strategies as long as they select the ECN option. LimeFx supports credit/debit cards, cryptocurrencies, ADVcash, and Perfect Money as payment methods.

Verify My Trade and Autochartist company verifies and audits order execution monthly, which traders can access. The secure and user-friendly back office handles all financial transactions for verified traders, and nine payment processors exist. The swift https://limefx.group/ LimeFx online account application takes less than 30 seconds to complete and asks for a name, e-mail, phone number, and desired trading platform. I appreciate that LimeFx does not engage in unnecessary data mining as part of its registration process.

Traders get the MT4/MT5 trading platforms as customizable desktop clients, lightweight web-based alternatives, and user-friendly mobile apps. Traders should always use appropriate risk management with leveraged trading to avoid magnified trading losses. Negative balance protection exists, meaning traders can never lose more than their deposits. I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability. LimeFx has two expensive, commission-free cost structures and one competitive, commission-based alternative. The fixed-spread account starts with minimum spreads of 3.0 pips, or $30.00 per 1.0 standard round lot, versus the floating-spread alternative of 1.3 pips or $13.00.

Both are expensive, but the commission-based ECN option shows raw spreads from 0.0 pips for a commission of $5.00 per round lot. LimeFx is a member of The Financial Commission, an independent external dispute resolution (EDR) organization. The interests of LimeFx’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim.

Minimum withdrawal amounts vary based on the payment processors, but all are low. Deposit and withdrawal currencies are US Dollars and Euros, plus all supported cryptocurrencies. Per AML limefx broker reviews rules, the name on the payment processor and LimeFx account must match. LimeFx offers 24/7 customer support, and traders can reach out via e-mail, phone, Telegram, or live chat.

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