To deposit funds and start trading, I had to complete the standard KYC procedure by submitting Proof of Identity (POI) and Proof of Residence (POR). Once submitted, my account was approved in under 24 hours. LimeFX also provides negative balance protection and segregates client funds for EU and non-EU customers, helping to safeguard your funds from excessive losses limefx scammers and misuse.
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Commissions start at $1 per share, with a limit of 50 lots for open or pending orders. It allows for many open or pending orders, with a cap set at 300 items, allowing traders to execute their trading strategies. The account retains the same average spread of 1.7 pips on key currency pairings such as EUR/USD while charging no commissions. The maximum number of open or pending orders is limited to 300 lots, with a minimum trade volume of 0.1 lot. This broker is dedicated to furnishing its clientele with a safe trading milieu and utilizes several advanced security features.
What types of forex pairs can I trade with LimeFX?
A dedicated Shares account is available for those who wish to focus only on direct stock trading and investing with no leverage, not CFDs. This is only available if you are trading under the IFSC regulatory umbrella. Thank you so much for taking the time to review LimeFX, we are pleased to hear that there are on point without delays.
Customer Reviews
- The platform also fosters engaging dialogues about equities and innovative market concepts.
- It places a paramount emphasis on security, offering login options based on device compatibility, such as fingerprint and face recognition.
- LimeFX also offers a comprehensive suite of educational resources, including tutorials, webinars, and seminars, to guide beginners through the fundamentals of trading, market analysis, and risk management.
You can use most of the same methods you used to deposit, with the exception of credit/debit cards. Processing times are usually quick, taking 5-30 minutes, and there’s a weekly withdrawal limit of $5,000 per method. If you need to move larger amounts, you can request a higher limit.
I feel well-equipped to navigate the markets limefx and enhance my trading skills. LimeFX offers a user-friendly trading platform with intuitive features. Their customer support is excellent and always available to assist. Their platform is intuitive, and their range of trading instruments is impressive. The mobile application is meticulously crafted to deliver an uninterrupted and seamless trading experience to users on both Android and iOS devices. It places a paramount emphasis on security, offering login options based on device compatibility, such as fingerprint and face recognition.
There is a complaint that FPA does not approve all positive reviews and only approves negative ones for the sake of their business. To understand the real reviews, traders should focus on the content of the reviews. Typically, fake, paid, or competitor reviews are generic. While you should consider these reviews as part of your research process, you shouldn’t make decisions based solely on them. For instance, if you encounter any user complaints, you might discuss them with the broker to verify if such issues exist. Additionally, you should review the broker’s policy and terms of service.
Here, my first payout was a while ago, went good , nobody even asked me anything. While LimeFX excels in Forex and CFD trading, Options and ETF trading options are currently limited. However, their product range is constantly evolving, so keep an eye out for future offerings.
It’s important to note that LimeFX, while demonstrating a global commitment to compliance, does not currently offer services to residents of the United States. Trading Point Group, LimeFX’s parent company, launched a separate platform, Trading.com, specifically for the US market to adhere to US regulations. LimeFX offers a strong selection of trading platforms and tools, including MetaTrader 4 and MetaTrader 5. The rating for platforms and tools is average, making it a viable option for most traders.
They might be aware of upcoming features or suggest workarounds. However, their social trading platform is pretty basic. But if you’re into social trading, they’re not the best option. It’s just a shame the spreads can get so wide sometimes. But the spreads can definitely be better, especially during volatile times. LimeFX’s educational materials have helped me learn so much.