Digital banks offer bank accounts in several currencies with great currency exchange rates as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone. Fill out the form with your name, email, and phone number and submit it. You are then logged into the online trading platform, can make a deposit, and start trading. The broker connects counterparties with market-leading traditional trade for CFDs on shares, commodities, forex, and indices.
- LimeFX is ideally suited to traders that want a manageable range of low-cost offerings, multiple choices of user interfaces and account types, and efficient customer support.
- I like the trading process here but it’s too early to celebrate.
- Our team of industry experts conducted our reviews and developed this best-in-industry methodology for ranking online platforms for users at all levels.Click here to read our full methodology.
- With LimeFX, you have the ability to trade in over 52 currency pairs, at least half of them exotic pairings that you might not find when you use another broker.
- If you open an account from outside Europe, you can also open a Swap-free/Islamic account.
As you can see, LimeFX has taken the benefit of offering bonuses fully onboard and offer a great array of special offers. But as you can also tell there are a number of onerous terms and conditions, limefx official site which is what often trips people up. Nevertheless, as long as you take the time to read the special conditions and understand what is involved these bonuses are definitely worth considering.
While the broker does have an office in South Africa, it does not list a license with the South African Financial Sector Conduct Authority . Reituca Marketing Ltd, a Cypriot-registered international business company , processes all LimeFX International Ltd payments. You see, I am a fan of the Forex market and it is interesting to trade with different brokers.
- Utility bills or bank statements are accepted as proof of residency.
- Traders have access to 24/5 customer service, with the live chat function the most convenient form of contact.
- Your withdrawal shall be processed via the same method that the deposit was made.
- I undertake the obligation to inform immediately LimeFX in writing in case of any change to that information and to provide any other data or documents, if necessary.
A bank transfer can take several business days, while payment with credit/debit cards and electronic wallets is instant. You can only deposit money from sources that are in your name. The fee charged for credit/debit card or electronic wallet deposits depends on your country of residence. The fee charged for these transfers is usually up to 2%. For example, for UK customers, credit/debit card transfers are free of charge but USD transfers via electronic wallets carry a 2% fee.
Is XTB regulated?
The quickest and easiest way to contact customer support is through live chat, which is available 24/5. It seems that celebrities have decided a good way to support certain causes is to become an official ambassador. No wonder businesses and enterprises across the globe are following suit, and it has even filtered into the world of Forex trading.
Index products have a spread of 6 pips for the Russell 2000 and 3 pips for the US 500. The minimum spread for bond products is 2.2 pips and for ETF products is 2.1 pips. LimeFX offers a more than decent level of customer support and it’s available 24 hours a day, 5 days a week, regardless of where you might be located. There is the option of sending an email, a fax or calling one of the many international telephone numbers. Education also seems to feature very high on the list of priorities with an extensive range of tutorials, courses, and entry to the LimeFX Academy. This broker offers customers unique trading platform which is designed specifically for LimeFX.
Can I Trade Forex & CFDs on A LimeFX Mobile App?
The broker is also regulated by other international bodies like South Africa, IFSC and ASIC in Australia. LimeFX is additionally an award-winning broker, which speaks volume about its reliability. Some forex brokers offer more of the bells and whistles that more seasoned traders require, including advanced order types and full-featured charting platforms with a wealth of analytical tools. LimeFX offers uncomplicated access to the markets which allows the client to focus on the complicated task of trying to successfully trade the markets.
- To see how LimeFX ranks against other industry-leading trading platforms see our comparison charts.
- On the other hand I feel comfortable trading cross pairs and exotic pairs and therefore my percentage of profitable trades is higher than what I demonstrate on majors.
- Overall, LimeFX maintains an unacceptable pricing environment.
- The bonus usually compensates traders for choosing a certain broker, since once the account is active, the trader will have the same expenses as any other.
- There are tons of various courses and learning materials for all levels of traders.
Demo accounts with a balance of virtual money that sport real-time prices and trading conditions allow traders to practice trading before opening a live account. LimeFX was first established in 2003 and is owned by XFR Financial Ltd, a company licensed and authorized to operate by CySEC, to offer Contracts for Difference. It also offers trading services on shares, commodities, indices and foreign currencies. It has offices across five continents and clients from more than 140 countries.
In its place, traders receive a snapshot of the asset and its recent price action. While a blog is available, the last written update was made in October 2019, while https://limefx.club/ the most recent video submission was in December 2019. It also has a cryptocurrency section, but LimeFX does not offer cryptocurrencies as tradable instruments.
At first I had a standard account, now I have a premium account here with a minimum deposit of 1,000 euros. Here conditions are still better, there is a welcome bonus, and there is a personal account manager. So, I came here and started trading cross pairs and exotic pairs, but then I noticed that they have something else worth trying. Now I can say that I trade them as often as cross pairs. I should stress that I never bother myself with fundamentals when trading ETFs because I try to make things simpler.
The ‘Stocks screener’ uses 15 factors to filter stocks you may want to trade, including market capitalization, P/E, beta and debt-to-equity ratio. Another tool, the ‘Heatmap’, visualizes winners and losers. Changing the leverage manually is a very useful feature when you want to lower the risk of your trade. Be careful with forex and CFD trading, as preset leverage levels may be too high. XStation 5 (XTB’s own platform) mobile platform is available for both iOS and Android. Similarly to the web trading platform, we tested xStation’s own mobile application, using an Android device.
In order to never miss an opportunity, LimeFX developed a powerful mobile platform that is available on iOS, Android and Windows. The mobile platform is a customer-friendly and supported by alerts and professional charting tools. And I want to share my impression of its work.All services operate without any problems and quickly.
It’s not the best broker ever, but what’s considered best for me for you it’s average or below average. So there is no point in defining the best broker of all time. LimeFX provides FX trading as part of its CFD products portfolio, and is not a dedicated FX broker, unlike other mainstream LimeFXpanies. LimeFX acts as a market maker, where all market orders are opened as contracts between the broker and the trader. There is no ECN or Direct Market access option; therefore, LimeFX has some amount of conflict of interest with its clients. My friend once have advised me this company to consider it for trading.
This does not mean, however, that the VIP status is not available. Those who wish to have more personalized approach can obtain the limefx review VIP package as the part of the promotional program. Overall, the account registration is rather easy and does not take much time.
The broker has introduced its own trading platform – LimeFXr Pro. LimeFX platform is web-based and thus does not require any software to be installed on the PC. Platform successfully operates on all major browsers. Generally, their Web-Trader is definitely worth your attention.
To withdraw, you need to use the exact same method that you worked with to make a deposit. Withdrawals typically take up to five business days to process, although, if there are delays outside LimeFX’s control due to third parties, the deposit may take longer. Withdrawals must follow the same method as the deposit. Comparebrokers.co needs to review the security of your connection before proceeding. These people are really depressed, my deposit is only 36500, now I have no money, the operation broke down.
It delivers a powerful in-house trading platform that complements its institutional strength, practical expertise, comprehensive technology, and unparalleled network. With LimeFX, there are a variety of different customer support options, including live chat, phone, and email. LimeFX has representatives available 24/5, and these reps speak six languages. You will find the website is even more comprehensive, as it supports sixteen languages and contains a wide variety of tools and education to help.