One also gets to trade in a variety of commodities including silver, gold, oil, and natural gas. However, the broker platform of LimeFX does not allow cryptocurrency trading. The Cayman Islands Monetary Authority mandates firms to conduct their business under strict regulations. LimeFX LTD is obligated to segregate the money that private clients deposit in order to prevent the use of client funds by the firm for its own account. ATC ensures that additional measures are taken to guarantee clients money is held in a separate account away from any accounts belonging to the firm. In the unlikely event of a default, the segregation of clients funds will return the money to the clients rather than be treated as a recoverable asset by general creditors of ATC.
Depending on the LimeFX account type selected, on average an individual and joint account takes 1-2 business days and a corporate account takes 3-5 business days. Traders can simply complete an online application to apply for an LimeFX trading account. LimeFX allows scalping trading on all their trading platforms. No, LimeFX accounts include paying of swaps and therefore LimeFX does not provides Islamic trading accounts. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Been with LimeFX for 2 years now – no issues with them.
- The process of CFD Rollover refers to the switching transition from the contract of the current month that is almost about to expire to the contract of the next month.
- One also gets to trade in a variety of commodities including silver, gold, oil, and natural gas.
- The users may log into the platform through the app and make transactions for stp execution of deals in the markets smoothly.
- Select your choice of Account Registration between Individual Account and Corporate Account.
- Multiple factors are contributing towards economic uncertainty.
The MT Pro software obtains the trading data from your account and provides a variety of report types. The list below is a sample of what can be viewed from the data collected. Diversify into Contract for Difference products allowing for the opportunity to trade limefx website in the indices and commodities markets. Access the precious metals to take advantage of expanding your portfolio with non-currency products. The economic calendar provides you with the schedule of economic indicators that moves the global financial markets.
In order to allow us to keep developing Myfxbook, please whitelist the site in your ad blocker settings. On August 30th, 2010 the Commodity Futures Trading Commission announced the issuance of final rules regarding the regulation of off-exchange retail foreign exchange transactions and intermediaries. The rules go into effect on October 18, 2010 and implement provisions of both the CFTC Reauthorization Act of and the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act). All in all, I’m happy I found LimeFX, and looking to increase my funds with them. I used it since 2009 and now they blocked my account without any notification. Since their commission is per any currency unit, not USD based, it actually makes them one of the cheapest out there.
This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Access to a complete charting package with built-in indicator libraries. Customize the charting layout and design as you see fit for your trading preference.
LimeFX provides access to a range of forex and CFDs to investors across the globe. It is regulated in several districts and complies with strict regulatory guidelines to safeguard your funds. Clients will benefit from the online brokers use of ECN technology which brings tight spreads and quick execution speeds to your investing. All in all, the effects of COVID-19 on the economy and the financial markets will continue for a long time.
The MetaTrader 4 also allows for importing and activating custom indicators directly into the software. View the historical curve of profit or loss of the account as a percentage figure or pip value. View the amount of trades that closed with a win, lose or break-even amount for a specific period. Obtain the tools required to run your business efficiently. Enhanced MT Pro software for MetaTrader with a complete back office access.
Obtain the tools required to run your business efficiently.
LimeFX accepts all major credit cards, including Visa card, Mastercard and China UnionPay. A deposit fee of 2.9% is generally charged while there is a $0 fee for withdrawals. Clients from all around the world can use LimeFX to start forex trading. This does exclude countries from the OFCA list and from other jurisdictions where the regulation might be a bit too strict.
- I tried to sign up for an account and they email me saying that I will be signing up with LimeFX.
- DO NOT USE THIS BROKER, They block accounts when you withdraw full balance.
- No, LimeFX accounts include paying of swaps and therefore LimeFX does not provides Islamic trading accounts.
- The clients of LimeFX are charged with inactivity fees if they do not conduct any buying or selling transactions for six months in a row.
- The max slippage is less than 0.5 pips while other can be 5 pips or more.
- In CFD Rollover, the traders of LimeFX allow the CFD contracts to rollover automatically to the subsequent liquid contracts prior to the expiry of the current contract.
Users are also able to reach out to the online broker community and liquidity providers through the app for assistance with LimeFX in assets. The regulated ECN broker mobile application of LimeFX is available at the app stores of Apple and Windows, and Google Play store of Android devices. It is compatible with every operating system and can be installed on mobile devices like smartphones, tablets, computers, and laptops. For the advanced types of retail investor accounts at LimeFX, the platform has to make a minimum deposit of $10,000. Now that you are aware of the key features of the platform, it is time to explore the structure of fees LimeFX uses to prepare a budget for trading and investing in different assets. LimeFX allows trading with competitive average variable ECN spreads on the currency pairs of EUR USD currency.
How to open an LimeFX Account – Step-by-Step Guide
In comparison to other brokers, including Interactive Brokers, that offer a huge range of instruments, this is quite a small range of assets. LimeFX is a widely regulated online forex and CFD broker. The instruments offered are not as diverse as other leading online brokers, and there is a high minimum deposit requirement of $5,000. Whilst we appreciate comments and feedback to improve our operations, we do not appreciate misleading and false information made to the public due to the lack of knowledge from the end user. This particular post is far from the truth, as anyone who has established a relationship with our firm can attest that we want our clients to succeed. As we are not a market maker, like most brokers in the industry, we earn our revenue from commissions.
Whether I have a million-dollar account or just a few hundred dollars, LimeFX makes no difference and treats all customers the same. Have to make a correction to my former post here; the commission is ALWAYS $8 standard lot RT, regardless of currency pair. I did some very expensive, https://limefx.group/ both money and time wise, MT4 broker research at the time and found them to be the best. My EAs placed more than 3000 trades by now and they all were properly executed with lowest spreads. I trade live with ATC since May 2011 and thought it is time to put in a good word.
One may consult the Position Rollover Calendar on the official website of the broker platform to take note of the upcoming CFD rollover dates. The dates may vary depending on the liquidity level and the occurrence of unprecedented changes at the exchange forums. Accounts that are set with limit or stop orders need to modify the prices during the expiry month to take the prices of the upcoming months limefx website into account. In CFD Rollover, the traders of LimeFX allow the CFD contracts to rollover automatically to the subsequent liquid contracts prior to the expiry of the current contract. Customer support service is available 24×7 over email, phone, and live chat on LimeFX. One may even receive personal assistance by paying a visit to the head office of the firm at 1 Fore Street Avenue, London.
Complete the application in a few simple steps
The argument put forth by SCAM brokers in the past went something like “We are located in a different time zone and, therefore, we use a time that does not match New York time.” Absolutely ABSURD !! Can you imagine Charles Schwab using California local time for their charts instead of NY time because Schwab’s headquarters is located in California ??? It’s been pointed out in suits against forex brokers during the past as a very unscrupulous practice. And where are most of the so-called “government regulatory agencies” on this issue?
I don’t want to make this a review of Nial Fuller or his website, but he does do a great job of explaining in more depth why using New York time is so important for any serious forex trader. I find it ironic that LimeFX will ignore a UK-based professional trader on this matter (and others!). All the while, coupling themselves as an Introducing Broker with a parent company that uses the wrong Market Watch time.
Here is how it might play out if you got ten fold the leverage to the minimum balance in your account. The LimeFX support team is offered in a limited range of languages. It holds a double AA grade support rating, and the team can be accessed through live chat and support. Traders will gain access to forex, metals, and CFDs through an LimeFX account. What you will actually be able to trade with this brokerage, however, is a bit more complicated.
LimeFX Customer Support ☎
The platform accepts USD, GBP, and EUR and charges 2.9% of the minimum deposit amount as an initial deposit fee for making payment via debit or credit cards. Trading in products of Contract for Difference may be risky but LimeFX makes it profitable for traders by providing them with a host of CFD trading risk management tools. Trading CFDs allows traders to venture into the financial markets of commodities and indices. The trader can select from a wide variety of major indices and get access to Brent and WTI Crude Oil for capital LimeFX and various trading purposes. The commission charge is around $0.60 round turn for 10,000 lots and $6.00 round turn for 100,000 lots.