You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Between 74-89% of retail investor accounts lose money when trading CFDs. Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe,
Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting,
and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients. LimeFx is a reliable platform that can be considered trustworthy due to its strict regulatory practices.

  • The payment method employed for funding your account might also incur a fee.
  • Yes, FXC is regulated by Cyprus Securities and Exchange Commission (CySEC) company considered low risks trading broker.
  • In addition, there is a range of ECN trading accounts that are designed to suit their own needs and requirements.
  • The task becomes even more daunting when considering the vast number of online brokers like LimeFx available, each with unique features, fees, and regulations.
  • Traders of any level and expertise can learn even more deeply through the provided range of educational resources and analysis in two distinct forms technical and fundamental analysis.

Brokers like LimeFx must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances. LimeFx is a global trading platform in the sense that it operates
in 194 countries
including nations in
Africa, Asia, Oceania, and Europe. Major countries LimeFx covers include
the UK, Germany,
South Africa,
Thailand, the United States China and Australia.

You will be exposed to a high risk of loss regarding leverage and margin-based trading. However, remember that you won’t be able to make trades on LimeFx until you have passed compliance, which may take several days, depending on your circumstances. It’s essential to complete the LimeFx KYC compliance process as soon as possible to avoid any delays in accessing the LimeFx platform’s limefx forex broker features. It’s worth noting that the expiration date of the proof of address document may differ for different entities under LimeFx Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you’ve passed compliance, you can start exploring LimeFx’s platform.

What does it mean to have your funds in LimeFx deposited in a Tier 1 bank?

The LimeFx phone support team proved to be helpful and able to resolve our queries and issues over the phone. We also tested the multilingual support provided by LimeFx and found that they could assist us in various languages. In addition, we tested LimeFx support services in various countries and languages and found that LimeFx were able to effectively resolve our customer issues. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in the use of our website. It goes against our guidelines to offer incentives for reviews. We use dedicated people and clever technology to safeguard our platform.

  • As a regulated broker, LimeFx cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by LimeFx.
  • LimeFx has a reputation for efficient and reliable fund transfers, and adhere to the rules of the financial regulators they are regulated with.
  • LimeFx has been facilitating trade on the financial markets for over 15 years.
  • Withdrawing money from LimeFx processing time varies depending on the method but averages 1-5 days.

With the LimeFx MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing LimeFx traders to stay on top of their trades and react quickly to changes in the market. With the LimeFx MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market. MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting. You cannot trade real assets like stocks, shares, commodities, indices and ETF’s on the LimeFx MetaTrader 4 (MT4) trading platform.

The LimeFx team did resolve and answer our queries, but the email support from LimeFx was overall average compared to other brokers we have tested. Explore the LimeFx platform and train yourself to think systematically and logically about the markets. Experienced LimeFx traders can trade high risk CFD trades to hedge items in their portfolio. On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, LimeFx leverage magnifies both profits and losses in trading.

Unlock Your Trading Potential with MetaTrader4

If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed. CFD trading on LimeFx allows traders to speculate on the price movements of various financial instruments against the broker LimeFx, without actually owning real assets. With CFDs, LimeFx traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset. LimeFx offers various funding payment methods listed in your LimeFx dashboard if available in your region. To learn more about the LimeFx funding and withdrawal options available in your area, you can explore the LimeFx website.

It’s essential to note that the trading instruments offered under the LimeFx brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the LimeFx trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.

LimeFx review

However, this amount may vary based on the specific account a user has opened. With the ECN and STP execution methods offered by the platform, traders using LimeFx can enjoy tighter spreads and greater transparency when it comes to the pricing of their trades. It’s important to note that LimeFx requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps LimeFx maintain a trustworthy financial environment for its 10,000 users. Detailed information on the LimeFx trading platforms is available on their website.

Does LimeFx offer an Islamic account?

It establishes a transparent environment for trading with minimal interference from the broker.it is also a very budget friendly platform, which is another great advantage for a lot of traders out there. In December 2010, LimeFx completed an initial public offering and began trading on the New York Stock Exchange under the ticker symbol, LimeFx. Share prices started at $14 with 15,060,000 shares for a total share capital of $211 million.[24][25][26] In its IPO prospectus, LimeFx described its no dealing desk trade execution. Overall, strict financial regulation is essential for ensuring that trading platforms like LimeFx operate fairly, transparently, and responsibly, which ultimately benefits all LimeFx stakeholders involved. Trading financial instruments is a high-risk activity that requires careful consideration and risk management.

After logging into your LimeFx account, you’ll find a range of trading platform options available below. If you want to trade currency pairs on global Forex markets, LimeFx offer over currency https://limefx.name/ pairs. LimeFx requires a minimum deposit of 500 GBP/USD/EUR when opening an LimeFx trading account. LimeFx is regulated,
governed and supervised by reputable financial regulatory bodies.

LimeFx customers have instant access to the financial market and can completely manage a Portfolio on the go. You can start using the MetaTrader 4 platform with LimeFx in multiple formats including through an online web platform,
Through a downloadable application for Windows PCs and Apple Macintosh computers. LimeFx allows traders to trade on mobile devices
through Android and iOS devices like the iPhone. LimeFx is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5.

On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features. Brokers that operate under the supervision of regulatory authorities like LimeFx are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors’ deposits.

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