Sign up to get the latest market updates and free signals directly to your inbox. Both brokers remain reliable choices, but Eightcap has a clear superiority in its regulatory position. Therefore, it is recommended to consider the issue of strong support when choosing a broker. When you call your broker, they should answer you correctly and treat you with complete courtesy. A broker with poor support will not be responsible if you encounter serious problems.
What is the minimum deposit for limefx?
Deposits can only be made in the name of the limefx account holder. The minimum deposit amount is 5 USD. The maximum deposit amount per transaction is 3,000 USD and there is a monthly limit of 5,000 USD.
limefx team is doing their best to ensure that the customers are fully informed to take the correct trading decisions. limefx also offers a demo account for traders to test out the services offered by the broker. The demo account has no expiry time and enables traders to get a taste of live trading without risking their own money. Founded in 1998, limefx is a leading pioneering online forex and CFD broker in the industry. The broker was one of the first brokers that adopted the popular MetaTrader 4 trading platform. Hence, it is not surprising that limefx is currently the largest MetaTrader based forex broker in the world.
Many other clients had open buy positions in this pair as well, thinking that they had the SNB covering their backs. So when the SNB removed the peg, thousands of accounts were floating in red with huge losses and the brokers had to close the open EUR/CHF buy trades. When my open position was closed by limefx my account was about $2,500 in debt.
To see full fees always check funding fees, inactivity fees or other commissions. I felt that limefx wasn’t a good broker and wanted to withdraw my money from their platform altogether and https://limefx.group/ headed to their website to withdraw money. Shock on me when i was informed that VISA wasn’t supported and that I should withdraw with Mastercard and that the form must be bank signed.
limefx Account Opening Process
Forex trading widely relies on MetaTrader 4 platform because it is more user-friendly and offers a broad range of useful tools. More importantly, MetaTrader 4 has an all-inclusive charting package designed to help traders analyze various market trends. Traders tend to be more comfortable working with regulated brokers than with the unregulated ones. Regulated brokers limefx reviews strive to maintain high standards of transparency and can offer viable recourses to traders in the event they become insolvent. limefx offers a wide range of broker products including Commodity CFDs, Index CFDs, Stock CFDs, Spot Metals, and ETF CFDs. Additionally, the company also offers binary trading where binaries can either be in spot metals or currencies.
- The Pro and ECN Accounts have spreads starting at 0.3 pips on the EUR/USD, with a round turn commission of 3.2 USD, making them some of the lowest-cost accounts in the industry.
- In addition, traders within the limefx are able to perform account-to-account transfer in USD, EUR, and GLD currencies with no commissions.
- Two Types of Wallets – limefx is home to two types of wallets—energy wallet and capital wallet.
- If you’d allow us to, we would like to look into your inquiry and give you a full explanation of your situation.
- A broker with poor support will not be responsible if you encounter serious problems.
- Launched on Dec 24, 1998, limefx started on a small scale, but grew to become one of the most popular online trading services in the industry.
limefx’s MT4 and MT5 apps allow traders to work from anywhere, with nine timeframes, 30 indicators, and interactive currency charts. Functionality to close and modify existing orders, calculate profit/loss in real-time, and tick chart trading further empowers traders while on the move. Opening a trading account at limefx is a fully digital process and is hassle-free compared to other brokers. limefx’s non-trading fees are average compared to other similar brokers. As you can see from the table above, the trading costs on the commission-free Nano MT4 and Standard MT4/MT5 Accounts are 17 USD, making these rather expensive options.
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Due to all these circumstances limefx rating is quite high among the traders throughout the world. Since limefx has been in the industry for several years, the company has earned the respect and goodwill of traders from different parts of the world. Its large portfolio of financial products and services makes it ideal for all categories of traders—beginners as well as expert traders. While beginners can start with demo accounts, seasoned traders can open PAMM accounts and earn extra income. As mentioned above, the broker also allows seasoned traders to open PAMM accounts so that they can manage the funds of other investors in exchange for a fee.
What is a Pamm broker?
What are PAMM Account Brokers? PAMM Account Brokers are Brokers offering PAMM or Percentage Allocation Money Management as a management module that conducts managed accounts on behalf of the investor and performed by the account manager.
limefx deposit fees are 0$ for some of the payments, including 0% fee for Cryptocurrencies like Ethereum, Litecoin and Zcash. limefx provides various withdrawal options, however additional payment methods may incur additional charges and depend on the provider and region you sending from. limefx is a reliable broker due to its strong standing and long years of operation.
Finding a capable and reliable broker is essential for successful online trading. Investors must ensure that a broker is not unreliable or fake to avoid losing their investments. With the growing cryptocurrency market, there are too many brokers out there, making selecting the best broker a Herculean task. In this limefx review, we will dive deeper into limefx’s features, pros and cons, account opening process, deposit and withdrawing processes, and many more. Overall, limefx offers a range of accounts with higher minimum deposits linked to lower ongoing trading costs and increasing account benefits, which are suitable for beginners and more experienced traders.
Who is the owner of limefx?
– Andrey Dashin, owner of limefx and limefx.
With both MT4 and MT5 on offer, limefx’s platform support is average compared to other Forex brokers. limefx offers a limited number of base currencies compared to its competitors, but it offers NGN accounts. In order to withdraw funds, limefx requires individuals to submit a copy of their National ID or Passport with the signature page, as well as a copy of a recent utility bill or bank statement.
But other than that this is a solid all round broker that is good to use long term. limefx International fees vary based on the chosen payment options for withdrawals. Every broker has its own set of withdrawal rules on how money can be withdrawn from the trading accounts.
A realistic growth would be 1% 3% 2% -3% 5% but this was daily 2.5% then deduction. Then it was delivering monthly returns of 35% and YTD 1250% I was sold out to the numbers. As I write this review May 25, 2020 the account is in Drawdown of -negative and was closed with people money lost for good. Before it got to that I had successfully removed by money from that PAMM account but not from limefx HEIST. The Company does not interfere with Clients’ trading activity and provides correct data that the company receives from liquidity providers.
The FSC or Financial Services Commission in Mauritius offers regulatory supervision of the Exinity Group Ltd., the parent company of the limefx International cryptocurrency trading exchange. It received its license back in 2013 and has been able to maintain a clean regulatory status since then. Though limefx trading fees are quite transparent, there are different types of charges that the traders must be aware of, if they are trading with limefx.
- A Crypriot IBC , FT Global Services Ltd, monitors the processes of credit card transactions.
- The trades can be done using only two buttons and this makes the platform exceedingly intuitive.
- Now if you try deposit with VISA on limefx it works but you can’t withdraw.
- With a range of accounts on the MT4 and MT5 platforms, limefx caters well to professional traders who are prepared to pay high minimum deposits for low ongoing trading costs.
Whenever registered users invest funds, buy trades, and deposit funds, they will receive points that can be redeemed for real money. To join the loyalty program, traders only have limefx forex broker to create an online trading account. The forex broker automatically includes demo account holders into its cashback program and also creates a real money account for them.