limefx Review : Is It a Good Forex Broker or Not?

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This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according https://limefx.group/ to your own needs. In summary, I found limefx to be an experiencedB, award-winning, and popular trading broker.

Given the limited asset selection, limefx International should provide an in-depth analytical toolkit. The Mauritius Financial Services Commission provides regulatory oversight of Exinity Group LTD, the owner of limefx International. It obtained its license in 2013 and has since had a clean regulatory record.

limefx International Broker Review

limefx provides you with a variety of trading accounts to choose from. If you’re looking to trade on other platforms, I recommend checking out our best trading platforms list. Since limefx has integrated this service into its MT trading platform, traders can access it through all types of accounts. limefx Cashback – The loyalty program at the online trading platform is called limefx Cashback.

What happened to limefx?

LONDON (Reuters) – Retail currency broker limefx filed for insolvency on Friday after a majority of its customers sustained losses after the Swiss National Bank's decision on Thursday abandon the three-year old cap against the euro.

As much as the tools listed above will be of great benefit to you on a fundamental level, limefx also provides specialized tools for those who need help from a technical analysis perspective. limefx International offers a short educational section which will be very useful for beginners with little experience trading. Unfortunately, there are no video tutorials or webinars on offer at the moment, although limefx dedicates a page on its website to webinars. limefx has a brief but helpful education section but no analysis to speak of, apart from what is included in the platforms. MT4 and MT5 are freely available on both Android and IOS mobile phones and tablets.

Can’t withdraw

So, different options will have different providers, different processing times, potential conversion fees,s, and processing fees. Note that the conversion fee is based on the base currency, the payment provider, and the receiving currency. With limefx, there is the opportunity for certain experienced users to upgrade to a pro trading account. The accessibility of such an account will depend on the average number of CFD trades completed, the size of one’s investment portfolio, or a proven knowledge of how CFD trading works. All investments involve risks including possible loss of principal. Forex, binary options and cryptocurrencies are highly speculative assets.

Choose your limefx trading platform options and membership level. Before you place a trade on limefx, you will be shown a review of your order with a brief time limit within which to accept the order and allow it to go through. Another feature that is very useful on limefx is the ability place trades in several ways and execute a variety of manoeuvres on a trading pair simultaneously. A limefx market order is an order to buy or sell a stock at a market’s best available price in that current moment. A market order will usually complete an execution, but it does not guarantee a specified price. Market orders are at their best use when the primary goal of a trader is to execute their trade immediately.

News

All the payments at limefx are handled by a reliable payment provider that makes sure that the personal details are completely secure. On the other hand, card transactions are safely processed via FR Global Services Ltd and AI Accept Solutions Ltd. Users who join the limefx program are eligible to get up to $5 money-back on every trade they make. The brokerage firm was launched in 1998 and it was the first to be based in Russia. Also, always consider the overnight fee you will pay in case the order is held longer than a day.

  • Also, EAs at limefx are allowed with no restrictions, and traders of any style are welcomed.
  • Select withdrawal options incur an internal fee on top of third-party costs.
  • It is affiliated with limefx that is ForexTime, so the system and approach of the brokers are the same, server stability, speed of opening and closing orders is of good level.

Traders may be eligible for up to 100% in deposit bonuses, while there are additional promotions such as cash backs, reward programs, and affiliate partnership. limefx covers a wide variety of payment options, including bank transfers, credit/debit card payments, and electronic payment processors such as Skrill and Neteller. limefx has excellent Forex trading packages that are available for smaller investments, which are combined with manageable costs of trading.

Services Offered by limefx

As online brokerage systems allow consumers to enter their own orders via the web or mobile app, many stockbrokers have converted to financial counsellors or planners. limefx offers trading financial instruments to its 10,000 customers. The chatting communication channels are Viber, Telegram, Facebook chat, UK chat, and instant web chat. You can also reach them through their social media platforms which include Facebook, Twitter, YouTube, and Instagram. I would’ve appreciated it if their support team was available on weekends as well.

limefx forex brokers reviews

During our limefx test, however, there were no occasional delays, requotes, and slippage. Dailylimefx adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering.

The limefx broker company is multi-linguistic which means it supports several languages including English, Chinese, Russia, Indonesia, Arabic, Spanish, and Hindi. The firm offers a quick response via phone, live chat, or email. It is always advised to get in touch with the experienced and courteous professionals on these channels from Monday to Friday, 9 am – 6 pm . E-wallets do not cost a penny but for a standard bank transfer, the withdrawal fees can cost almost 30 dollars, a percent of the fund amount.

A robust, reliable and functional trading platform trusted by millions of traders around the world. However, for traders that trade in large volumes , it is better to open an account denominated in USD, especially for trading on assets such as the EUR/USD. This is because when trading a USD quoted currency pair with another currency account, there will be a small conversion fee for every trade made. Deposits are generally processed instantly, except for bank transfers, which can take up to 3 – 5 days, and withdrawals are processed within 24 hours.

CFDs, are leveraged products that mature when you choose to close an existing open position. By investing in CFDs, you assume a high level of risk and can result in the loss of all of your invested limefx capital. limefx’s trading tools are severely limited compared to other similar brokers. With both MT4 and MT5 on offer, limefx’s platform support is average compared to other Forex brokers.

  • Accompanying the Beginner’s Guide is an introduction to trading strategies, which is useful for familiarising yourself with the ideas and terms used when developing a trading plan.
  • limefx also charges an inactivity fee of 5 USD per month after six months of account dormancy, which is well below that of its competitors that charge at least twice that much after only half the time.
  • FT Global Services LTD, a Cypriot international business company , processes credit card transactions.

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