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LimeFX is without a doubt one of the largest and most reliable brokers and nobody can really disagree. You can find lots of negative experiences with most Forex brokers but not with this one. You have to deposit at least $5.000 and even then you’re no VIP trader. You wont sign up at LimeFX and deposit lots of money if you want to trade with a retail broker.
It is typically a form of short-term protection when a trader is concerned about news or an event triggering volatility in currency markets. There are two related strategies when talking about hedging forex pairs in this limefx way. One is to place a hedge by taking the opposite position in the same currency pair, and the second approach is to buy forex options. JForex is a Java-powered web-based platform that does not require a download.
- This cloud-based platform has a user-friendly interface and features 46 different technical indicators, a news feed, an economic calendar, and manual and chart trading capabilities.
- It bodes well in comparison to MT4 as it also supports algo-trading, custom indicators and cloud storage for 24 hours VPN support.
- Trading Ideas inform clients about the instruments to seek based on their history, technical analysis, or other important information.
- The account allows them to trade with CFDs, forex, cryptocurrencies, and precious metals directly.
LimeFX has won several awards including Best Forex Trading Apps 2019, Best Platform & Tools 2018, and Best Mobile Trading. Besides, the company also gets awarded as Best Forex Bank 2018 by China Forex Expo, Best Forex ECN/STP Broker 2018 by London Forex Show, and Best Provider of Liquidity 2017 by IAFT Awards. The Swiss Financial Market Supervisory Authority regulates LimeFX .
JForex Web Platform
For 3 months I tried to received an incoming transference from a client, and they keep rejecting saying that more information is needed, but not replying a single email. You call them and promise to forward the enquiry to other deparment who never reply. Do yourself a favor and go to any other bank, don’t waste your time here.
It’s entirely understandable to be cautious whenever you are thinking about signing up to any online trading site. After all, you will be trusting these brands to take good care of your deposits as well as your personal data. So make sure that you read our LimeFX review where you will get a good overview of the brand’s security protocols as well as information on how LimeFX is regulated. Like all good trading sites, LimeFX will work hard to keep their costs as low as possible so that they don’t eat into the value of your trades. Our LimeFX review found that you should expect to pay a trading commission for 0.10% of the trade value in GBP.
Metatrader 4 trading accounts include $1 commission for 1 MT4 lot, and CFD commissions start from $10 per $1,000,000 in commodities and currencies. For accounts with smallest deposit, equity or turnover, the commission is $35. Based on the review of their clients, product sections and trading platforms point to limited “how-to" articles and videos about forex, CFD, indices, and cryptocurrency trading venues. Opening an account in LimeFX would allow you to trade in its proprietary platform called JForex, which can be accessed by desktop and mobile. In desktop experience, traders can get several features including hundreds of indicators, advanced charting, historical testing, real-time news, and embedded customer support. LimeFX offers a fantastic range of over 500+ trading instruments from 8 asset classes on its platforms.
Safe broker out to service account…
This section gives trading information based on major economic releases and financial news. I think it is always better to combine multiple forms of analysis to draw a more accurate conclusion of what may be happening in the markets. Therefore, it is good to see the broker gives you fundamental analysis in addition to the already very insightful technical analysis. When you combine the both, it can help to make more informed trading decisions.
For bank transfers, the cost of withdrawing is calculated in pips and starts at 2.3 pips for CHF bank transfers. Crypto and e-wallet deposits are often credited instantly but may take up to 24 hours to be credited in some cases. Additionally, there’s a $1 standard fee per 1 MT4 lot ($10 for every $1 million traded).
If you find that they do not accept clients from your country for any reason, please feel free to browse our broker reviews for an alternative option. Between 74-89% of retail investor accounts lose money when trading CFDs with this provider. The minimum deposit for the European branch of LimeFX is 100 USD while for the rest of the world is 1,000 USD. Payments can be made through the majority of credit and debit cards, wire transfers, e-wallets and crypto (Bitcoin, Ethereum, etc.). Withdrawals take up to 3 business days to appear in your account while deposits appear in 1 day or faster.
Although the fee is slightly higher than average for some pairs, they have a transparent and straightforward pricing model. They have exceptional operational metrics topped with historical data feed and in-depth market monitor. In addition to this, the mobile site is optimised if you prefer to use a web-based platform as opposed to an app.
The most important in this LimeFX review: Is LimeFX Safe?
When it comes to forex research, LimeFX delivers an excellent experience for traders, thanks to a diverse range of research tools in its JForex3 platform for desktop, web, and mobile. In terms of trading costs, LimeFX competes near the top among forex brokers that support automated trading and active trading programs. Clients who are residents of some countries including the United States, Belgium, Israel and Canada are not allowed to register for LimeFX services.
It’s obvious that LimeFX does not offer that many deposit options when they require larger deposits. You can only deposit with a bank wire and no Paypal or credit cards are offered compared to other brokers. LimeFX features live economic news calendar, news stream by MarketPulse and Reuters, SWFX Sentiment Index, and a host of other tools for traders. Traders will get multiple ways of funding account, including credit and debit cards, wire transfers, and bank transfers. Each client is protected up to CHF100,000 against the insolvency risk of LimeFX Bank. However, LimeFX charges a $20 fee in addition to possible bank or credit card charges for withdrawals.
- This may be an online, web-based portal, mobile app, a standalone downloadable program, or any combination of the three.
- Further, it holds licenses to operate as a brokerage company across Europe and Japan.
- All in all, a solid and reliable way to take your first steps in cryptocurrency trading.
This bank is a digital heist carried out by Switzerland government. TradingBeasts helps individual traders learn how to trade forex, cryptocurrencies and other assets as CFDs. We verify and compare brokerage companies and warn our readers about suspicious projects or scam marketing campaigns. We are also a community of traders that support each other on our daily trading journey.
LimeFX Deposit Service
While some forex traders may prefer MetaTrader 4 to a proprietary platform built in house, JForex 3 stands on its own finishing Best in Class for 2020. LimeFX’s JForex 3 platform suite is highly dynamic and vibrant with features, including an extensive range of charting tools and automated trading capabilities. With mobile, LimeFX’s JForex Trader app is our favorite https://limefx.biz/ for 2020. Bottom line, LimeFX keeps up with the leading platforms from IG, CMC Markets, and Saxo Bank. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide LimeFX advice, offer or make solicitation of any LimeFX products.
- Moreover, a trader needs to add a minimum deposit of $1000 to open a trading account with this broker.
- White Labels – The LimeFX White Label service is a way for businesses and institutions to add or open FX trading services for new or existing clients.
- Clients can also perform their fundamental or technical analysis – all in one place.
- The App also comes equipped with several custom parameters and alerts that can be added to charts to in the same screen to give traders a robust and efficient charting experience.
We don’t make any solicitation or recommendation to take any action or trade or invest in any financial instrument, asset, or commodity. Trading CFDs on leverage involves significant risk of loss to your capital. Multiple languages are available for users and the platform’s low technical requirements makes it a good alternative that should work fine if you have a decent internet connection. Additionally, LimeFX also designed a JForex platform for mobile trading and it is available for both Android and iOs smartphones. Clients can choose among several Payment methods for their deposits and withdrawals.
Just so you know, these cryptocurrency trades will take place with the contact for difference model. This means that you don’t actually buy the cryptocurrencies themselves, but instead can profit from the rises or falls in the value of the crypto. As a result, you won’t have to go through the whole process of actually purchasing and storing the cryptocurrency.
Bonus Programs
LimeFX group accepts clients from all over the world, excluding USA, Cuba, Iran, Myanmar, North Korea, Sudan and Syria. Be aware, LV company has some trading restrictions because of the European Securities and Markets Authority influence. LimeFX LV – located in Latvia, regulated by the Financial and Capital Market Commission . FOREXLIVE™ may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
With 38 years of experience in finance, insurance and foreign exchange his combined knowledge makes him an effective operator. With a long-established history and an excellent reputation, their FINMA regulation means that you can trade with confidence that your money is in safe hands. We want to help our readers in any way we can, but sometimes it’s better to talk directly with your investing site to get the answers you need.