The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. I think they could improve further by adding support for some more currencies and crypto deposit like Coinexx. Some fees may be charged when using certain payment methods. Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method.
The secure LimeFX back office handles all financial transactions for verified clients. Account verification is mandatory as LimeFX complies with AML/KYC requirements. Most traders will satisfy this by sending a copy of their government-issued ID and one proof of residency document. During my review, LimeFX neither offered bonuses nor promotions; a quality partnership program exists. Contact limefx company reviews us directly for further inquiries about our products and services.
TRADING STOCKS IN THE BULLISH BEARS COMMUNITY
The broker also provides a range of trading platforms including MetaTrader 4, MetaTrader 5, CQG, J2TX, and Sterling Trader Pro. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may limefx scam impact how, where and which companies / services we review and write about.
How do I withdraw money from LimeFX?
For example, the Standard account offers a reduced list of metals and CFDs in addition to forex. I like the variety of payment methods supported by LimeFX, making the broker easy to use. Geographic restrictions apply, and the deposit and withdrawal screen will only list the ones available to traders. Traders should consider potential currency conversion fees and third-party payment processor costs. The name on the payment processor and LimeFX account must match, as third-party payments remain prohibited by AML rules. The LimeFX demo account has an overly high demo account balance of $100,000, but the registration is refreshingly swift.
STOCK TRADING COURSES FOR BEGINNERS
They also offer traders the chance to find out if the broker suits their strategy before committing funds. With the MT5 Global account, you have access to 50 forex instruments, the Standard account offers 47 pairs and the ECN 45 pairs. With this variety of currency pairs, including majors, minors and exotics, traders won’t be short of opportunities. The Forex ECN account is a good option for active forex traders looking for the tightest spreads and access to popular currency pairs. The minimum deposit is $100 for the Forex and CFD Standard and MT5 Global account and $200 for the Forex ECN option. All three account types have a minimum lot size requirement of 0.1 lots and five-decimal pricing.
However, a minimum balance of $2,500 is required to begin trading. Also, the minimum amount to open a future or margin account is $2,500. And for a pattern day-trading account, no surprise here, the minimum is $25,000.
- I tested the MT5 Global account, where LimeFX notes raw spreads from 0.0 pips for a commission of $2.00 per lot.
- This 2024 review will explore LimeFX’s services in more detail, including the price per trade, deposit and withdrawal options, and UK customer service quality.
- Our only complaint is that while this broker offers negative balance protection on their Standard account, it is not available on the other trading accounts.
- In addition, we’ll guide you through account opening step-by-step.
- The FIX API is an electronic communications protocol that was developed for the real-time exchange of trade-related information.
Free daily mailout of analytical reviews and forecasts for the current date. You can keep track of current economic data using the provided Economic Calendar. You can see previous, forecasted and actual results of each economic release. This calendar can be used as part of a fundamental analysis. The Bullish Bears team focuses on keeping things as simple as possible in our online trading courses and chat rooms.
It offershigh-speed execution, customizable interfaces, and a wide range of orderrouting options (including DMA, dark pools, market makers, etc.). The Forex demo account at LimeFX isdesigned for traders who are new to forex markets. It allows for practicetrading without risking real funds, offering a way to become familiar withtheir trading conditions. However, some account types, such as the Forex ECN account, have higher minimum deposits (£200 in this case). Opening an account with the broker is a quick and easy process with a short online registration form to complete.
ROX is a sophisticated electronic order management system with instant routing to exchanges, ECNs, market makers and MTFs world-wide. ROX empowers traders by providing lightning fast access to many sources of liquidity. ROX users can benefit from competition among a large number of market centres, each of which have their very own special advantages and opportunities.