Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. WhatsApp, email, live web chat, trading desk, physical international offices, and international free customer service phone numbers. To withdraw a deposit from an LimeFx broker we need to consider a little amount of fee under some conditions.
Not only LimeFx is upgrading its client-oriented services but also over the years it has achieved tremendous prestigious awards for its dedicated customer service. Starting from Forex currency pairs to shares, indices, and commodities including cryptocurrencies are open for any trader to execute the trade. Only verified accounts can make the LimeFx minimum deposit, and the name on the payment processor must match that of the LimeFx account. LimeFx credits most deposits within 24 hours, but e-wallets and credit/debit cards usually take minutes.
And the steps leading to access to the platform only take a few easy steps. Internal processing times for most payment processors are almost instant, but LimeFx states up to 24 hours, except for bank wires, which can take up to five days. There are over 10 languages supported by the broker website when you are trading with them. These languages include English, French, Spanish, and Arabic with an excellent support also in place for a variety of Asian languages including Chinese, Indonesian, and Vietnamese. LimeFx is uniquely positioned with this product in the fact that they can actually function as a liquidity provider for other equities including brokers.
Traders should differentiate between account base and deposit currencies to avoid confusion and potential currency conversion fees. The former is the base currency denomination of a trading account, and the latter are currencies available for deposits through payment processors. LimeFx notes it accepts all available deposit currencies supported by payment processors. Traders must deposit into their LimeFx trading account before using it. While the LimeFx minimum deposit requirement is only $50, it optimally requires a larger deposit to be able to trade effectively. Therefore, traders should consider higher deposits and plan additional ones until their portfolio grows to support an income that warrants the investment of time and capital.
- Trading Station mobile and MT 4 together provide a stable mobile trading experience, packed with features like the comprehensive trade ticket that allows for one cancels other orders.
- LimeFx wallet will allow you to gauge your withdrawal progress by running the live report.
- With LimeFx a trader can trade Forex, CFD, or commodities with the flexibility to choose to trade platform which meets his needs the best.
- Between 74-89% of retail investor accounts lose money when trading CFDs.
This lack of data is a potential deterrent for traders, but it is by no means a huge concern. Users also get free educational content when they sign up for the demo account. Keep in mind that the demo account is only available in a limited number of countries. There’s a market scanner feature that uses technical indicators to show traders when it’s a good opportunity to buy/sell. Unfortunately, the market scanner only works for a limited number of products.
How Is LimeFx Customer Service?
The limefx reviews requirement for the individual account types, CFD and Active Trader is $50 or a local currency equivalent. Corporate, Trust, and IRA accounts, if geographically available as an option, require a minimum deposit of $50,000. Demo accounts are the ideal place to begin trading with any broker. Here you can experience exactly what it is like to trade live but without any of the risk. Trading with virtual funds, you will also be under no obligation to deposit any real funds while you are using a demo account.
Other trading platforms
LimeFx has a history of fraudulent business practices that lasted from 2009 to 2014. Namely, the company offered its users a no dealing desk platform and gave them misleading information that damaged their trades. It is important to highlight that the most famous payment methods are offered with no fees charged from LimeFx’s part. Steven Hatzakis is https://limefx.group/ the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor.
Trading Platforms 💻
LimeFx Group is regulated under several jurisdictions and the broker has strong regulations. To stand straight as a prestigious and trustworthy brokerage firm, LimeFx is regulated by FCA, ASIC even FSCA. If we want to know about LimeFx from a bird’s-eye view, then we should consider some basic but important aspects. And one of the major pieces of information about LimeFx is the broker originated in 1999 and has its headquarters in London, UK.
The demo account and the lessons are great if you are a beginner at forex trading and you want to practice with virtual money. Trading Station mobile offers a richer trading experience than MT 4 overall but has a couple of drawbacks. There are no push notifications and real-time alerts on the Android version, which are available on most other great mobile trading apps. Trading Station mobile and MT 4 together provide a stable mobile trading experience, packed with features like the comprehensive trade ticket that allows for one cancels other orders. There are plenty of available platforms at LimeFx such as Seer Trading Platform.
Here, the commission rate is $25 per million and there are also other smaller discounts for Active Trader account users. The customer service representatives are very professional and respond quickly. Users can contact customer support via email, live chat, and phone. LimeFx is currently owned by the reputable Jefferies Group, formerly known as Leucadia National Corporation. The brokerage is regulated by multiple regulatory bodies to include the Financial Conduct Authority (FCA) and the Australian Securities & Investment Commission (ASIC).
Effective risk management plays a very important role in trading with any broker. Through LimeFx and their trading platforms you will be able to set a number of tools in motion to help you stay protected when you are trading. If you are interested and want to learn more about these account types, then feel free to check out our article on the best Islamic forex brokers. Further to having some of the best regulatory oversight in the industry, LimeFx’s regulated entities also make a number of other considerations to help protect you as a trader. This protection means that you are unable to lose more than the money available on their account. Ninja Trader has a few interesting features aside from the plentitude of trading and analysis tools.
Active Trader Account 👤
Having been regulated by the top regulatory bodies denotes the fact that our money and investments are safe under LimeFx. Because the broker stores its clients’ funds in a segregated account so that no hamper or stealing takes place. LimeFx offers bank wires, credit/debit cards, PayPal, Google Pay, Apple Pay, Open Banking, Skrill, Neteller, Klarna, Rapid Transfer, China UnionPay, and cryptocurrencies, as deposit methods.
