LimeFX review

In other words, an internet broker is not necessarily affected by the amount of customers they have. LimeFX are a professional brokerage that has been operating for over 12 years. LimeFX, as a company, has a strong collection of rules for ensuring honest trading onto its platform. For data encryption functions, it provides an industry-standard secure socket layer (SSL).

LimeFX review

FXTM does not offer its services to residents from the US, Canada, Japan, Haiti, Mauritius, Noth Korea, Puerto Rico, and a couple of other countries. LimeFX tradable financial instruments are the financial instruments that are specifically available to trade on the LimeFX trading platform. This refers to the different types of financial markets you can trade with through LimeFX.

LimeFX does not levy internal deposit fees but charges for withdrawals, which is unfortunate. Traders may also face third-party processing costs and currency conversion fees. I recommend checking them to determine the most convenient and cost-effective solution. Processing times vary based on method and rank from instant to ten business days. As per check, your withdrawal request placed yesterday is under process and our standard processing time is 24 working hours for the funds to be released from our side. Delays would occur if the right documents for verification are not provided in time.

LimeFX Trading Instruments

LimeFX caters to all sorts of traders and are a must-have broker for almost any well-diversified approach to trading. FXTM’s own pivot point strategy helps traders identify profitable trades based on market sentiment and market analysis is segmented by topic to help you find what you need quickly. One of the coolest tools is called the FXTM Periodic Table, which helps you learn forex terminology in a highly visual format.

If all goes well, I will continue my trading journey with FXTM. Their spreads and commissions are also better than other brokers. We hope that whatever negative review they have, they will improve them and improve their fund manager is also in regular touch with me and try to limefx reviews solve my problems immediately. I am proud to have a healthy trading experience with FXTM and hope they continue to be efficient and take care of their clients in the future.Thanks with great experience FXTM. Andorid mobile devices and tablets are used by millions of people globally.

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Equity CFD trading is commission-free as LimeFX joined the group of brokers catering to millennial and GenZ traders favoring no commissions. I want to stress once again that commission-free does not necessarily equal cheaper trading costs. Spreads are generally higher, often twice as high, than commission-based offers, and FXTM is no exception.

This means that if you are onboarded under Mauritius regulation (FXTM’s Exinity Ltd entity) you’d be able to use this feature. If you use credit/debit cards or electronic wallets, you can only withdraw up to the amount you have deposited via the same method. Therefore, you have to withdraw any profit by using a bank transfer. You can choose from bank transfer, credit card, and electronic wallets for withdrawal.

I have been with FXTM for a number of…

Forex fees are offered by FXTM spread only with no commission in case you use Advantage Plus and Micro Account. This type of fee brings you the simplicity of the calculation and is the best suitable option for many traders despite the strategy. FXTM’s three Accounts offer various fee conditions, so the standard spread starts from 1.5 pips for USD / EUR / GBP / NGN. LimeFX, also known as FXTM, is a financial service and automated currency broker. FXTM customers can use their accounts to trade currencies, CFDs, shares, and commodities. In total, there are more than 250 different financial instruments to access through FXTM.

  • One system glitch that we noticed was that any open live chat window disappeared when we navigated away from the page on which it was started.
  • The FXTM experience revolves around tight spreads and super-fast connectivity.
  • You should check all the benefits listed so that you have a better understanding of LimeFX.
  • Skrill (formerly Moneybookers) is a digital wallet provider established in 2001.
  • Sometimes called securities , they range from commodity futures to stocks and CFDs, to currencies and metals, and more on LimeFX.

If you’re interested in comparing LimeFX against other popular brokers in the industry, check out our LimeFX Vs pages. Our team has compiled a series of detailed LimeFX comparison articles, pitting the LimeFX platform against some of the best-rated LimeFX competitors in the market. Dive into our informative LimeFX Vs pages below to find out how LimeFX stacks up against other leading brokers. 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.

LimeFX is a Multi-Assets Trading Platform with over 100+ Assets

Your real time response was very fast and guides lines to funding the account was concise. One system glitch that we noticed was that any open live chat window disappeared when we navigated away from the page on which it was started. This was quite frustrating to deal with and meant that our testers had to restart a few chats until they got the hang of staying on one page, which in itself isn’t ideal. FXTM has adopted the Secure Sockets Layer (SSL) network security protocol for all communications. This protects customers during their transactions with the company and keeps all client information private.

However, you can set alerts via the desktop trading platform. It would be much easier if you could set these notifications directly on the mobile trading platform. The mobile trading platform is available in several languages. In this review we tested MetaTrader 4, as it is available for all account types and is more used by customers. FXTM doesn’t have its own self-developed trading platform, it uses MetaTrader 4, a third-party platform. MT4 is the only available platform for the Micro account, while for the Advantage and Advantage Plus accounts MT5 is also an option.

LimeFX Risk Disclaimer

FXTM accepts clients from almost every country in the world, however, there might be some restrictions due to regulations alike implemented for residents of Japan, the USA, etc. Based on our findings, FXTM is a legit broker, as each of the entities and brands that it serves is authorized and regulated by various global jurisdictions. FXTM also proudly takes an active social role while supporting and sponsoring various world Sports like Sahara Force India Formula 1 team and regularly reveals in the media. The company launched in 2011 with its headquarters in Cyprus (Limassol). The chain of FXTM offices is also established around Europe, located in the UK, and maintains an entity in South Africa. With its superb range of trading resources and convenient mobile application, LimeFX FXTM is an excellent option for anyone who wants an easy entry point into foreign exchange trading.

The LimeFX MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give LimeFX traders detailed market tools. 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. To better understand the LimeFX trading platform, you can create two separate accounts – one with real money and the other a LimeFX demo account. A LimeFX demo account provides a risk-free environment for experimenting with the LimeFX platform’s features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in LimeFX trading decisions.

Skrill holds a number of licenses that allow it to provide its services across Europe and globally. Skrill is managed through Paysafe Payment Solutions Limited, an entity that is incorporated in Ireland and is regulated by the Central Bank of Ireland, for its European authorized operations. No, the terms and conditions of LimeFX do not condone scalping. It is a trading technique which isn’t allowed on the agent’s platform. You must consult with LimeFX’s terms and conditions to see more about its policies. If there’s absolutely no free margin left together with the customer, LimeFX will stop your own positions.

In terms of security, FT Global utilizes the SSL (Secure Sockets Layer) protocol for network security. This ensures that a secure connection is used for all communications with clients. It also protects customers during any transactions they conduct with the company and ensures all customer information remains private. There are free FXTM eBooks, including options for all skill levels from advanced traders to beginners.

FXTM is a global MT4/MT5 forex broker giving traders access to a wide array of markets. Sometimes referred to as LimeFX, FXTM offers clients low-cost trading, fast execution and world-class forex education. The rest of the service is something that will appeal to experienced as well as novice traders. The firm has a long-established reputation for offering tight spreads and fast execution but is more than a low-cost broker.