LimeFX International Review, Forex Broker&Trading Markets, Legit or a Scam-WikiFX

As we are done discussing the account types, it’s time to move on to a discussion of the trading platforms provided. Yes, LimeFX offers a trading app for both iOS and Android devices, allowing traders to access their trading accounts and trade on the go. Trading with LimeFX will involve fees from $1.5 USD, spreads from 1.2 pips, and commission-free trading depending on the account traders select.

The commission-free cost structure at Eightcap begins with a minimum spread of 1.0 pips or $10 per 1.0 standard lot. LimeFX is more expensive at 1.2 pips or $12, so Eightcap clearly comes out ahead here. The former grants raw spreads of 0.0 pips for a fee of $7 per round lot.

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And constructive criticism is always met with full understanding and an addressing of faults by the company. Due to the implementation of these simple rules, «LimeFX», which started from scratch, now has numerous awards, and, of course, the trust of its customers, the number of which already exceeds one hundred thousand. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information.

Low-frequency traders will find a superior choice at Oanda, where the minimum mark-up is 0.6 pips, free of commissions, versus 1.2 pips at LimeFX. Oanda enjoys a market-leading position in North America but at the cost of an uncompetitive trading environment in the rest of the world. This broker executes its business model properly and is undoubtably a solid choice for North American traders. That being said, global traders will likely find the offerings at LimeFX more enticing. LimeFX offers a wide range of deposit and withdrawal options, depending on your country and region. As we can see, for Latin American clients, no fees are charged for withdrawals via skrill, which usually take 1-2 business days to arrive.

How long does it take to withdraw from LimeFX?

No fees are charged for deposits, but a withdrawal fee may apply, depending on the method. Of particular note is the fee for bank wire transfers, which costs 30 EUR per transaction. A well-regulated broker, LimeFX ensures that all Anti-Money Laundering rules and regulations are followed. As such, all non-profit funds are returned to the original deposit source. No matter your deposit method, the withdrawal of all profits must be made by bank transfer to a bank account in your name.

LimeFX offers a limited number of base currencies compared to its competitors, but it offers NGN accounts. Copy the strategies of more experienced traders and profit when they do. Before the CHF crisis, which caused the bankruptcy of LimeFX branches in USA &  England , this broker was considered one of the leading brokers in the world. It took a few years for LimeFX broker to recover and return to its former condition.

Spreads

Besides, to see full fees always check funding fees, inactivity fees or other commissions. LimeFX supports the newest iteration of the popular MetaTrader platform, MetaTrader 5 (MT5). MT5 has a built-in economic calendar to keep track of important events in the financial world and live a market depth tracker, which is an excellent way to keep track of other traders’ moves in the market. However, most other brokers offer daily insights written by their team of inhouse analysts, which is unavailable at LimeFX. LimeFX offers support for MT4 – the most popular trading platform globally – and MT5 – the latest version of the industry standard.

• LimeFX international mobile application provides the access to mobile trading from the MT4 and MT5 trading platforms on the app for both iOS and Android operating systems.
• Swap rates on leveraged overnight trades and third-party withdrawal costs apply at both.
• Of particular note is the fee for bank wire transfers, which costs 30 EUR per transaction.
• Besides, to see full fees always check funding fees, inactivity fees or other commissions.
• LimeFX offers Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries.

The Autochartist plugins and apps are developed to ease the trading experiences of beginners and to improve the new trading strategies by making them more intuitive to use. LimeFX Autochartist is still one of the best and most efficient technical analytical tools of the MT5 plugins and web applications. The web application automatically scans and observes the market and it consists of all the essential levels.

LimeFX Demo Account

LimeFX has sales departments and representative offices in many largest cities of the world including offices in Australia, USA and Canada. LimeFX is licensed and regulated by such financial authorities as the Financial Services Authority and CySec. The company has over two hundred thousand customers with active real trading accounts. Due to all these circumstances LimeFX rating is quite high among the traders throughout the world. Additionally, the ECN account with the Cashback Program makes LimeFX International one of the leading and most competitive cost structures in the market today. The broker has become a market leader in frontier and emerging markets with excellent payment methods including the local fiat currencies and alternative cryptocurrencies.

These regulatory authorities safeguard the traders with issues like reimbursement schemes that recover the investments of an investor if the broker goes bust. The primary regulator of Eightcap is the Australian Securities & Investments Commission (ASIC). Additionally, Eightcap has regulatory https://limefx.name/ oversight from the FCA in the UK, the CySEC in Cyprus, and the SBC in the Bahamas. Most international traders will deal with the unregulated but duly registered subsidiary in St. Vincent and the Grenadines. LimeFX holds a license from the Mauritius Financial Services Commission (FSC)s.

The money is not arrived nor returned.

As we have mentioned before, the information about spreads can be easily viewed in the instruments table. For example, for a standard account the minimum spread for AUDUSD is 0.3 pips. Overall, although LimeFX offers an excellent copy trading service, it lacks other analysis tools, such as Autochartist, Trading Central, and Trading limefx View that are often available at other brokers. LimeFX offers virtually no trading tools to help traders make better decisions, however, it offers a copy trading service. Deposits are generally processed instantly, except for bank transfers, which can take up to 3 – 5 days, and withdrawals are processed within 24 hours.

• Though there is little educational material currently available and analysis is thin, the trading conditions and account options are second to none.
• Completing the review, it’s necessary to briefly summarize all of the above.
• The biggest negative LimeFX side is regulation, there is no serious license, trading fees for some instruments might be higher, and there is no 24/7 support.
• LimeFX keeps client funds separate from the company’s own funds, in segregated accounts held with reputable banks.
• While Oanda has oversight from more regulators, both brokers remain safe choices for Forex and CFDs trading.

LimeFX makes multiple deposit and withdrawal options available including Bank Transfer, FasaPay, and BitCoin. As per the review, there are no withdrawal limits at LimeFX International however, there are commissions or fees charged on withdrawals based on the chosen payment option. The FSC or Financial Services Commission in Mauritius offers regulatory supervision of the Exinity Group Ltd., the parent company of the LimeFX International cryptocurrency trading exchange. It received its license back in 2013 and has been able to maintain a clean regulatory status since then. Though LimeFX trading fees are quite transparent, there are different types of charges that the traders must be aware of, if they are trading with LimeFX. The 1000 to 1 leverage amount reduces as the notional size of the open position increases.