The lack of two-factor authentication in both Metatrader versions adds a security hole that needs to be fixed. The LimeFx trading platforms are designed to facilitate a practical, powerful and efficient trading experience. Bespoke technologies empower our clients to trade with precision, without slippage and re-quotes. Account holders can send or receive funds via an ewallet, virtual bank account number in local currency, or a reloadable prepaid MasterCard debitcard. The Payoneer debit card allows money to be used online or at point-of-sale with the Payoneer debit cards. The company specializes in facilitating cross-border B2B payments.
LimeFx has an extremely reputable and full-featured trading site that is focused on currency, indices, metals, stocks and commodities. When engaging in online trading with platforms such as LimeFx, it’s crucial to meticulously examine LimeFx as your broker, as this choice can significantly impact your success. Selecting the right broker is vital for your LimeFx investments to prosper.
- Some clients may find the online payment processors more convenient and faster.
- They provide fast trade execution speeds with no requotes and spread starting from just 0.0 pips.
- LimeFx is an acclaimed fintech company, which operates with transparency.
- The free LimeFx Research app allows clients to look at stock market data, financial viewpoints, and videos in an easy-to-use format.
In general, LimeFx does not charge high fees compared to other online agents. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a smaller sum. This can be beneficial for people who regularly exchange, for example daily or weekly trading.
Benefits of using LimeFx in 2023
If that was the case, I wouldn’t want to be waiting around for days whilst a bank transfer clears. The broker provides you with top class global customer support in over 30 different languages. Friendly representatives are hand to answer all of your questions 24 hours a day, 5 days a week via phone, email, and online chat. The responses arrive in a prompt and efficient manner from my experience. They take a customer focused approach and are committed to providing the highest standard of services with full transparency to clients.
All of the information about the brokers you see reviewed on comparebrokers.org come from our partners, some of whom we have an affiliate relationship with. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to their users. In addition, every broker we surveyed was required to fill out a 320-point survey about all aspects of their platform that we used in our testing. Many of the online brokers we evaluated provided us with in-person demonstrations of their platforms at our offices. It takes just $100 to open a Micro account, increasing to $2,500 for a Premium account and $20,000 for a VIP account.
If your country is not accepted, please feel free to take a look at our broker comparison tool for alternative options. The broker is regulated in multiple jurisdictions by some top-tier regulators. This means that they must comply with stringent national and international regulatory authorities and demonstrates their commitment to maintaining high business standards and ethics. Trading with a regulated broker can give clients confidence peace of mind that they have full security, by using a company that operates with the upmost transparency and integrity. I would personally have no issue in trusting them with my funds and can therefore trade without worrying. These partners do not control the content on the page beyond providing us with datapoints to ensure that (as far as possible) the information in our database is accurate.
For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. Payoneer has a customer care team with 320 employees who support 4 million customers in 70 languages, operating in 150 different currencies. If your balance is unfavorable, LimeFx indicates that you promptly contact client services. If you want to trade with LimeFx, you will require a minimum deposit of $500.
Pro’s & Con’s Of Trading With LimeFx
For data encryption functions, it supplies an industry-standard secure socket layer (SSL). LimeFx acknowledges the significance of having a fast order execution. A fast execution will allow users to exchange without worrying about slippage safely. These benefits are what sets LimeFx apart from all other online brokers.
Other deposit methods you can adopt are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is an opportunity also, though it takes approximately 4-7 days. The process is effortless and quick, with various payment methods in your fingertips. The LimeFx phone support team was able to effectively address our questions and issues on the phone.
Minimum Deposit Required
75.35% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Where many brokers only offer a few accounts, LimeFx have a great range of different trading accounts to cater to the needs of many different styles of traders.
Many less reputable brokers try to pressurise customers into larger funding for premium services. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the more benefits will become available.
They could improve by adding some crypto payment options but that is not really a deal breaker from my perspective. This is another area in which the broker really excels in my opinion. You will find that they have an excellent variety of convenient deposit and withdrawal methods to meet everyone’s limefx broker reviews needs. Some clients may find the online payment processors more convenient and faster. I personally use digital wallets as they allow me to move my funds around faster. This can be vital if there is a scenario where there is some major market news that I need to try and capitalise on.
The conversion fee will depend on the currency you are opting to withdraw in. This LimeFx review breaks down each of the applicable non-trading charges for you in detail. On the other hand, a spread refers to the difference between the buying and selling price. Funding or overnight rates https://limefx.club/ are those who are charged when you hold a leveraged position for longer than a day. Below we take the main parts of any reputable brokerage and compare LimeFx with Startrader, and freetrade. LimeFx, as a company, has a strong set of rules for ensuring honest trading onto its platform.
There may be fees charged when using certain payment methods but I generally found them to be negligible. Of course, if you are moving large amounts then you might notice more of a difference. Trading accounts can be opened in a generous range of currencies which are USD, EUR, GBP, AUD, JPY, BTC, PLN and CZK. The various different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.
The platform offers you one-click trading functionalities and the facility to set trading alerts and trading signals. You can also use the build in indicators the make complex chart analysis. Client security is a key aspect of the groups philosophy with client funds being held in segregated accounts in accordance with strict policies and procedures, separate from their own funds. Each clients account is provided with a unique code which is used to ensure that the funds are only for the funding purposes. One thing in particular I like that sets LimeFx apart from many other trading brokers is their admirable support for a wide range of philanthropic and charitable activities. Going beyond daily operations, they engage with local communities, assisting in medical research and education.
You will not have to bear any hidden costs or be a victim to any scams. If you are still skeptical, you can start a eToro demo account and evaluate the trustworthiness of the platform on your own. If you want to further protect your account, you can empower Two-Step Verification also. LimeFx safeguards its clients’ private and sensitive data under SSL encryption.