Hong Kong equities face additional fees, which also remain very low. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending limefx scammers on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs.
EEA clients can trade with any of the other subsidiaries. I like that Forextime continues to adjust to market and regulatory changes, ensuring traders maintain a competitive edge. The degree of transparency is another positive I want to point out. Big Four accountancy PricewaterhouseCoopers Limited audits published statistics per International Standard on Assurance Engagements 3000. When you first click on the live support button, you will have to option to chat on WhatsApp, Telegram, Messenger, Viber, live chat, or request a callback. The basics of trading like currency pairs, time zones, technical analysis, spreads, and other concepts are covered in detail.
The main objectives of the project are to meet the needs of cryptocurrency projects and users, and to provide access to LimeFx product. LimeFx offered a $30 welcome bonus but canceled the promotion. The price given for any given CFD is obtained from third-party external sources. The prices are calculated by reference to the price of the relevant underlying asset.
I was deceived. Everything is a scam
It also charges an inactivity fee and in most cases, a withdrawal fee. The product portfolio is limited, as it lacks some asset classes like ETFs, bonds, mutual funds, etc. BrokerChooser gave LimeFx a 4.3/5 rating based on analyzing 500+ criteria and testing via opening a live account.
As a regulated broker, account verification at Forextime is a mandatory final step. Most traders will satisfy this by sending a copy of their ID and one proof of residency document. I like that LimeFx does not incorporate unnecessary steps or questionnaires.
Based on our findings, LimeFx is a legit broker, as each of the entities and brands that it serves is authorized and regulated by various global jurisdictions. The company launched in 2011 with its headquarters in Cyprus . The chain of LimeFx offices is also established around Europe, located in the UK, and maintains an entity in South Africa. There are many review of 5 green stars and also one star red. All processes and steps regarding this have been clearly mentioned and relayed to you several times.
- Please note that by investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk and you can lose all your deposited money.
- Below this are general statistics, including total trades, profitable trades by percent, average trade length, consecutive wins.
- Applied to some of the payment methods, while others may be provided with 0% commission.
- Trading currencies is just one of the many financial instruments offered by LimeFx.
- In terms of MetaTrader 5, clients get access to Level II data and all execution modes.
- While we understand that fake products are a lot cheaper and therefore interesting to buy, be aware that many fake product sellers also do not deliver.
LimeFx also offers Islamic trading accounts, although they are only available with MT4 and not with MT5. As there is no rollover fee to be fully compliant with Sharia law, LimeFx may apply an additional fee to the account. Also, it is not possible to trade exotic currency pairs with this account. That said, the account is fully Islamic trading compliant. The minimum deposit for the LimeFx Pro account is $25,000, but spreads start at 0 pips and again, if you trade with MT4 you will be able to use LimeFx Invest. When it comes to trading costs with this account, spreads start at just 0.1 pips, with an additional $2 commission per lot.
This calculator has you input your LimeFx amount, your expected profit, your profit share, and your gross withdrawal amount. This will give you the amount paid to the manager based on the profit share and the net withdrawal. It also features insights that can help you develop a trading strategy. Of course, it also includes expert forex and commodity technical analysis. LimeFx delivers an analysis of the market that includes LimeFx Trading Signals.
Please note that equity markets open and close each trading and are not operational continuously like Forex and cryptocurrencies. A $5 monthly https://limefx.club/ inactivity fee applies after six months of dormancy. I find this reasonable and acceptable, and active traders will never face this cost.
How to Trade in LimeFx?
The exception to this is a bank wire which takes three to five business days. Withdrawals can be made using the same methods allowed for deposits, except for wire transfer, which is not available. This means that you will be able to use credit/debit cards and a variety of eWallets. In Europe, you can withdraw funds in EUR, while in the rest of the world you can choose between EUR and USD.
Hence you will always have access to your account at your personal convenience. Since the LimeFx platform is MT4 or MT5 software, both offer various versions available either as WebTrading platforms or the one that can be installed directly on any device. In terms of funding methods, LimeFx offers numerous payment methods which are a very good plus, yet check according to its regulation whether the method is available or not. LimeFx Fees are ranked average with an overall rating of 8.8 out of 10 based on our testing and compared to over 500 other brokers.
Example Commissions on ECN MT4
Also remember that using MT4 you can also take advantage of LimeFx Invest. LimeFx or Forex Time has been named as one of the world’s fastest-growing and best Forex and CFD brokers, with a large number of clients and quality offering overall. The broker establishes its core on reliable trading conditions and detailed education and brings trading across the world with its accessible trading globe, regardless of the trader’s knowledge. We are specialists in leveraged trading, giving you the potential to generate financial returns on both rising and falling prices across FX, indices, commodities, shares and cryptocurrencies. Whether you’re an experienced trader or completely new to it, we’re here to help you find freedom in the financial markets.
By trading with LimeFx, you will be able to take advantage of a variety of deposit methods. These include bank transfers, credit/debit cards, such as Visa, MasterCard, or Maestro, and various eWallets , such as Skrill and Neteller. It is also possible to deposit funds via Western Union and other local payment methods depending on your region, particularly in Asia, Africa, and South America.
I recommend checking them to determine the most convenient and cost-effective solution. Processing times also vary based on method and rank from instant to ten business days. Different LimeFx account types determine the kinds of instruments you can trade, fees per trade, transaction size, deposit and withdrawal methods and leverage. LimeFx spreads and commissions are available as floating spreads only. The lowest spread is 0 pips, but it is only on the LimeFx ECN Pro account, which requires a minimum deposit of $25,000. Other than that, the minimum spread on non-ECN accounts is 1.3 pips, for the standard account.
Customers can reach them using the website’s built-in live chat feature, by calling, or by sending an email. LimeFx does not charge internal fees, but third-party payment processor costs may apply. Opening an account at LimeFx is fast, and the first step requires only a few seconds. Traders must submit their name, country, a valid mobile phone number, e-mail address, and desired password. LimeFx will send a confirmation PIN to the entered mobile number to complete the process.