LimeFx Forex Broker review

Actually I am very interested in this LimeFx broker, I often read articles related to this broker. Starting from guaranteed trading security at this broker, to the many account choices offered by LimeFx. Actually, I am very interested in this LimeFx broker, I often read articles related to this broker. To reach LimeFx customer service, you will need to use telephone numbers, email, or their live chat function. Sometimes, you will not get the best answers you are looking for.

But, any profits or losses from trading will still be in the account’s base currency, which is usually USD. LimeFx also offers the ability to trade standard or micro lots, and the same execution quality across account types. There are free and regular intra-day market updates plus technical analysis. There is also multilingual customer support plus Personal Account Managers.

All client withdrawal requests will be processed in the currency in which the deposit was originally made. If the deposit currency is different from the transfer currency, the transfer amount will be converted by LimeFx to the transfer currency at the prevailing exchange rate. Another thing to consider is that brokers often prioritize the safety and security of your funds. They want to make sure that everything is in order and that there are no issues or potential risks when it comes to processing your withdrawal. This extra caution might cause a slight, but it’s ultimately for your protection.

If the deposit currency is not USD, the amount indicated should be converted to the deposit currency. LimeFx Forex broker doesn’t accept Paypal as a deposit and withdrawal option. Depositing money to your LimeFx account is not user-friendly compared to similar brokers. Figuring out where and how you have to make the transfer is a bit complicated.

  • These fees are LimeFx’s cover, but like we said for monthly and yearly fees, you have to pay them yourself.
  • The primary reason for this requirement is to ensure the security and prevent any potential fraudulent activities.
  • These include a user-friendly interface, an impressive range of trading instruments, and the availability of different account types to suit various trading styles.
  • The minimum deposit is something that may have a big impact on how you trade.

It is therefore crucial for Kenyan traders to visit LimeFx’s official website or contact customer service for the most accurate information. When compared to other trading platforms, LimeFx’s minimum deposit requirement is competitive, making it an attractive choice for traders on a budget. LimeFx offers you deposits and withdrawals that take as little as two or three days to process. When withdrawing money, this is critical as the user gets their money very quickly compared to other trading platforms.

Our LimeFx Minimum Deposit Revealed:

The amount deposited in the bank account will be credited to the forex account within two to five business days. The minimum deposit means that you will need to transfer this amount to your brokerage account from your bank account to start trading. Trading Forex, CFD, Binary Options, and other financial instruments carry a high risk of loss and are not suitable for all investors. 66-84% of retail investor accounts lose money when trading CFDs with the providers presented on this site. The information and videos are not investment recommendations and serve to clarify the market mechanisms. The texts on this page are not are not investment recommendations.

We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be limefx reviews aware that this might heavily reduce the functionality and appearance of our site. The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds.

  • LimeFx has one of the most diverse payment method portfolios among all Forex brokers.
  • LimeFx does not offer its unique cTrader or Webtrader platform unlike Pepperstone’s cTrader or XTB’s xStation5.
  • LimeFx, however, does not apply additional charges on Islamic Accounts.
  • Forex, the biggest financial market in the world, is a click away, and anyone can enter it without investing a fortune.
  • If you’re a resident of the EU it may look as if you are short changes by the considerable leverage changes.

Please note the different leverage offerings to European (EU) and International Investors/Traders. Bаѕеd on thе specific account type you choose, уоu will еithеr bе рriсеd аt a fixеd оr vаriаblе ѕрrеаd. The main headquarters of the company are located in Limassol but they also have offices in other countries such as the United Kingdom, Hungary, and Greece.

Losses can exceed deposit

Finally, the Advanced Education Room is open to anyone with a funded LimeFx Account. To access it, you must have deposited a minimum of $500 USD in the past three months. This room delivers real trading experience using real-time simulated trading conditions. Visiting this room helps clients actually use time frame techniques, charting techniques, indicators, and more. These include trailing stops, stops, limits, and market orders.

LimeFx Zero account

LimeFx offers customer service in a variety of languages including English, Spanish, French, German, Italian, Portuguese, Russian and Chinese. LimeFx also offers support through a number of methods including telephone, email and live chat. The customer service team is available 24 hours a day, 5 days a week. In the event that a complaint is received, LimeFx will work with the customer to resolve the issue as quickly as possible. LimeFx takes pride in offering outstanding customer service and is always looking for ways to improve the customer experience.

What is Forex and how does it work? Simple example.

LimeFx also has 16 full-feature trading platforms for clients to choose from. This includes also the payment methods and base currencies accepted. Below is a table summary of the LimeFx broker minimum deposits depending on account types. The LimeFx minimum deposit amount is 5 USD (or equivalent denomination).

LimeFx has a risk management system implemented, which will ensure that the trader’s loss will be limited to the amount deposited with LimeFx only. For Sofort Banking, deposits are only accepted in Eur & GBP. Though the minimum amount is $5, and there are no fees, the deposit processing time will vary depending on the country. For a conventional Bank transfer of deposit amount in the forex account, at least two hundred USD or equivalent will have to be deposited in the forex account at a time.

The management team of LimeFx has visited more than 120 cities to meet with partners and clients. Fantastic Execution policy- LimeFx broker vouches on having 100% execution rate with no rejection and re-quotes on orders that have been established in 2010. Re-quotes are a nuisance factor to deal with for any trader especially when you want to take advantage of volatility.

LimeFx deposit fees and deposit methods

This means you can effectively start trading without any real money. While you cannot withdraw the bonus funds, you can withdraw any profits made from them. Credit card deposits are available through both Visa and Mastercard at LimeFx. These are accessible to traders around the world with a minimum deposit amount of just $5.

It has headquarters in the Republic of Cyprus and is registered under the name Trading Point of Financial Instruments Ltd. LimeFx is a large and well regarded company with some good offers and is well regulated so you can feel safe when choosing this broker to trade with. LimeFx is an international broker offering clients access to more than 1,000 instruments across 7 asset classes. LimeFx has high liquidity and no requotes or rejections of orders. LimeFx gives clients access to a long list of algorithmic trading tools. Although MT4 Multiterminal is technically a variation of MT4 for LimeFx, it has additional functionality.