You can also use Bitcoin to make deposits in 24 hours without paying any commission. The traditional method of Bank Wire Transfer is also available, https://limefx.biz/ but the deposits will take up to five days to hit the account. Free eBooks – LimeFX has free eBooks for beginners as well as advanced traders.
- Margin calls are at 60 percent and stop outs at 40 percent.
- Please note that by investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk and you can lose all your deposited money.
- However, it lacks some popular features such as price alerts and trailing stop-loss orders.
- Forex broker LimeFX has recently announced that it got a license from the Financial Services Commission in Mauritius.
The cent account is a variation on the standard in that all deposits are displayed in cents regardless of amount funded. It also comes with free mirror demo account and requires just £10 or equivalent to fund the live version. This could be considered the original or “classic” LimeFX account type. Available for use with MT4 or MT5, it comes with a mirror free demo account and requires just £100 or equivalent to fund the live version. Trading spot metals with LimeFX allows you to trade gold or silver against major currencies 24/5 with varying degrees of leverage based on experience. Spreads go as low as 0.4 on XAG/USD or 5.0 on XAU/USD when you open an ECN account.
LimeFX Trading Hours (GMT+
While no demo account can simulate live trading conditions, the options available at LimeFX come as close as possible to doing so. Equity CFD trading is commission-free as Forextime joined the group of brokers catering to millennial and GenZ traders favoring no commissions. I want to stress once again that commission-free does not necessarily equal cheaper trading costs. Spreads are generally higher, often twice as limefx review high, than commission-based offers, and LimeFX is no exception. For example at the MENA 13th forex show held in Dubai in 2014, LimeFX won the award of being the “Fastest Growing Broker” as well as the broker with the “Most Innovative Product”. In 2018, LimeFX bagged awards from international financial industry reviewer WORLD FINANCE for being the “Best Fx Broker Asia” and the broker with the “Best Trading Conditions”.
- LimeFX does not have their own propriety trading platform, instead choosing to provide MetaTrader 4 & 5 as options.
- We do not present any LimeFX advice or guarantees for the accuracy and reliability of the information.
- LimeFX has a good live chat.We got clear answers even for more difficult questions, like how financing costs are calculated.
- Those who prefer videos over reading will appreciate the daily market analysis videos.
- LimeFX account opening is easy and fully digital.The online application takes roughly minutes and our account was approved within one business day.
There is fast execution and the availability of micro and mini lots. With LimeFX, traders are able to trade a nice range of instruments. Although ForexTime is one of the newer brokers, it has been growing at a fast pace and has earned numerous awards in it’s lifetime. ForexTime is a forex broker geared to a range of skill levels which was founded back in 2011 by Andrey Dashin. Need a good and reasonalble feedback from your management as im funding and trading my money to your company.
High-volume and experienced traders certainly benefit from the tight spread and access to an electronic communications network account or ECN account that allows them to gain access directly to the market. In addition to forex, CFDs, commodity, indices and spot metals trading, LimeFX offers different account types to fit just about any kind of trader. The MT4&5 platforms feature state-of-the-art technical analysis and charting options.
Most recently in 2018, the broker won awards for “Best Online Forex Trading Company Nigeria” and “Reputable Invested Education Forex Broker Award”. This service is registered and regulated in the UK, South Africa, and Cyprus but does not serve customers in the USA, Canda, Japan, or a handful of other countries. Another exciting promotion is available at LimeFX, where for every trade placed, the traders can get a winning ticket of 1.5K in their credit. However, only 10 lucky winners will be chosen to win this promotion. Choose an LimeFX pro account or any other one, and add additional personal details like level of education and current address.
LimeFX Referrals, Promotions and Loyalty Program 📝
Precious metals have traditionally been a hedge against inflation and geopolitical uncertainty, and some currencies are influenced by shifts in their value. Depending on the deposit method chosen, transfer time ranges from 1 to 24 hours on average. Depending on the deposit method chosen, transfer time ranges from instant to five business days.
You should consider whether you are fully aware of the risks involved and the high probability of losing your money. This broker offers a series of deposit and withdrawal options. From local payment options for India, Pakistan, Vietnam, Thailand, etc. to credit card and e-wallet payments including Skrill, Neteller, PayZa, OKPay, and many more. We provide commission-free trading and spreads as low as zero on major FX pairs and gold.
This affords you the ability to trader from anywhere with an Internet connection and from any computer, even if the software isn’t installed. While it may seem that MT4 is lacking behind MT5 they are different platforms and offer unique differences and preferences. Similar to the demo account, the best way to understand each is to take a test drive and find the one that fits you best. The first difference is in order execution as MT5 has 4 different types but MT4 only allows for 3. MT5 allows for partial fills and the fill policy for MT5 is fill, kill immediate or cancel return, compared to MT4 that is fill or kill.
What Sets LimeFX Apart from Other Brokers?
ForexTime users can trade the markets through the MT4 or the MT5 platforms. The MetaTrader4 platform is the more popular among the two, but the MT5 interface offers more advanced features and trading flexibility over the MT4. Although the MT5 misses out on a few key features compared to the MT4 terminal, the MT5 has one of the best trading conditions for ECN accounts. The MetaTrader is indeed the most preferred trading platform for FX & CFD trading, and the platform offers access to all major assets through the MT4 version. The MT5 platform only offers access to Forex currency pairs and Spot Metals. The deposit and withdrawal methods are pretty much what one would expect from a broker of LimeFX’s caliber.
I find it well-structured and an excellent starting point for new traders. The four-member research team at Forextime provides market commentary and analysis in written format, short YouTube videos, and podcasts. They offer a brief overview and an informative take on market events. LimeFX also maintains its LimeFX Trading Signals service for traders seeking actionable research.
Usually, the profits hit traders’ personal accounts in just 24 hours. CFDs on Indices and ETFs – LimeFX allows its clients to trade ETFs through their authorized participant and gain access to funds invested on stock exchanges. ForexTime has designed several types of accounts to suit different trading styles. The two main types of accounts at the broker are Standards Accounts and ECN Accounts. The company permits you to withdraw all your winnings and zero commission using skrill, Neteller, and China Union pay. Additionally, you can perform withdrawals on reduced commissions in a 1% to 1.5% range.
LimeFX offers metals as well, on the other hand ETF CFDs and bond CFDs are not available. Similarly to the web trading platform,LimeFX provides only a one-step login. You can choose from bank transfer, credit card, and electronic wallets for withdrawal.
- It has spreads from 0.1, a SWAP-free option, and the same currency options as well.
- There is no doubt that these awards helps to demonstrate the fact that LimeFX is one of the forex brokers in the industry that manages to live up to its corporate philosophy.
- Regulated in multiple jurisdictions, we take the protection of client funds seriously by segregating these funds from the rest of the company’s assets.
- Then, you get your own Manager page to display trading statistics and start sharing your trading results via social media.
- LimeFX Trading Signals were developed by the ForexTime Head of Education.
ForexTime UK Ltd is also regulated and authorized by Financial Conduct Authority . Each withdrawal method guarantees to process the withdrawal request on the same day, except Skrill may take 1-2 business days to complete. Answer a few financial questions, experiences, and background questions, then fill out a form about financial knowledge. The LimeFX brand is also regulated and authorized in several jurisdictions.
Research and Education
The website is very well organized and available in numerous languages. The customer support can be reached around the clock via e-mail, phone, live chat and social media . Exinity Limited is a member of Financial Commission, an international organization engaged in a resolution of disputes within the financial services industry in the Forex market. • Get the very latest updates on what’s moving the markets, including notifications on major company news and announcements that could impact your trades. • Access your MyLimeFX portal – the place to open your trading account, fund it and take any potential profits, all from a single app for an easy trading experience. You can also use Visa, MasterCard, and Maestro by paying a commission of $3.
At BrokerChooser, we consider clarity and transparency as core values. BrokerChooser is free to use for everyone, but earns a commission from some of its partners with no additional cost to you . In MyLimeFX, you can also use some more technical research tools. There is a tool called LimeFX Pivot Points Strategy that helps you to analyze price direction and market sentiment.