The questionnaire contains questions regarding the experience of the trader and knowledge for better trade with the broker. The second step after registration is to fill in the information and the questionnaire that the broker requires for a regulated trade and all the necessary details of the investors. If you are trading with the web version of Forextime, the layout and setting is the same as the Metatrader for Desktop.
- This is a clear indicator that something is not right, although our LimeFX review hasn’t discovered exactly what.
- This question is indeed the most crucial one, as investor accounts lose money and if you trade with an unregulated entity the high risk to lose funds is dramatically high.
- Add the amount you wish to withdraw and the reason for your withdrawal.
- Clients will have full control of their funds and only pay the strategy manager a fee when he makes a profit.
However, these withdrawal fees are still considered to be on a low level compared to other industry offerings. Applied to some of the payment methods, while others may be provided with 0% commission. LimeFX is a good broker well-known and regulated worldwide, there are numerous regulated entities of LimeFX. Account opening is easy, LimeFX has one of the lowest deposit requirements and trading conditions are good with low spreads and excellent customer service, and Forex education. The different types of LimeFX UK accounts, including Micro Account come with a minimum deposit of just $50. ECN Advantage account and ECN Advantage Plus account both come with minimum deposit of $500.
What is the minimum deposit for LimeFX?
The following step is to upload documents for verification by the broker. It is a simple step for identity verification, where the trader gives a document of residence proof or identity card etc. The most impressive thing about this offer is the free webinars. There is a professional analyst teaching how to read and analyse a chart, basic trading strategies and how to use correctly some indicators in order to pursue a perfect market analysis. The broker also gives the possibility for its users to trade with the Metatrader 4 and Metatrader 5 App.
There are also a lot of account types you can choose from. Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees. LimeFX invest is an interesting addition for copy trading ( this isn’t available in the UK though) which not a lot of brokers, apart from LimeFX, include in their offering.
A Forex News Timeline, as well as market analysis videos published by LimeFX. LimeFX hasclear portfolio and fee reports.You can easily see your profit-loss balance and the commissions you paid. If you are not familiar with order types, readthis overview. You can use the basic order types.You will not find very sophisticated orders like the 'one cancels the other' order. Add the amount you wish to withdraw and the reason for your withdrawal. You can't open an account at LimeFX if you live in Finland.
Is LimeFX a legit company?
Also, all are provided with good research and excellent tools. Based on our findings, LimeFX trading technology and toolbar use the industry’s leading software third-party providers, which doesn’t require a presentation, as these limefx website platforms are MT4 and MT5. LimeFX minimum deposit requirement is $/€/£ 100 for Account Standard and only $10 for a Cent Account. Also, all deposit fees are covered by the company which is great for your smart money management.
The brand LimeFX has established its core competencies in global markets and conditions with inclusive education giving traders of all levels around the world access to the markets. You can contact them in a lot of ways and they give fast and relevant answers. You https://limefx.vip/ can decide if you want to be an Investor or a Strategy Manager. When you select a Strategy Manager, you have the option to filter them based on risk level, success fee, all-time profit, etc. Strategy Managers can receive a commission on every winning trade.
Thanks to the ability to use a protective stop-loss and choose profit levels, you can plan your trades. There is also the option to buy or sell as a way to boost profit potential. In terms of statistics related to clients and customer service, the average wait time is less than 12 minutes.
Did You Lose Money To A Crypto Scam?
Yes, specifically, ForexTime Limited is authorized to provide services within South Africa by the FSCA. The UK and Mauritius branches do not have that authorization. I got my funds after being denied withdrawal on many occasions through in the profile.
But, the query that arises here is which to select from the list of brokers out there in the financial market. Here, in the article, we have discussed the best broker that has an all-in-one service. The mix of low spreads and commissions make the broker very competitive in the market. The minimum deposit is very low and gives the opportunity to everybody to test their trading skills. The operators we have talked with are all very helpful and competent. The waiting time is always below 10 minutes and the chat can be started directly when you are into your account.
I was stupefied to find out the fund minus conversion rate (23% of the amount) was return to my trading account 2 days before. I did not received any notification by email about it from my broker. I contacted backoffice and asked for explaination but i just received an answer telling me they will check the problem. After 3 days i contacted them again and they told me the money was returned by my bank after conversion rate was cut. I live in Ivory Cost my currency is CFA and my LimeFX account is EURO so there is a conversion rate.
The number of payment methods to fund the trading account will allow you to transfer funds quickly by the use of bank transfers, credit cards, and some electronic wallets. 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. We follow strict regulations when it comes to the security of our client's funds to ensure that the funds arrive to you safely. The spreads are also higher on a Cent account also at this lower level of entry so proportionally you are paying a little more than needed for every trade versus the ‘Standard’ or ECN accounts. Having an MSc in international economy and finance, he focuses on equities, cryptos and newcomer financial services.
All of the client funds are kept in EU banks of the top tier. FT Global never uses customer funds in any LimeFX, including operations, to ensure the protection of fund at all times. FT Global also has multiple bank partnerships to add a level of security to client funds. As mentioned before, more than 90 percent of the feedback from clients regarding ForexTime is positive. This is a very strong indicator that the company has great customer service and client satisfaction. There are actually LimeFX Trading Signals, which are all created to interpret fluctuations in key financial instruments based on price.
LimeFX does not have their own propriety trading platform, instead choosing to provide MetaTrader 4 & 5 as options. These are well establishes pieces of software so you should feel right at home with them. ForexTime has a vast amount of educational resources on hand, including a section all about learning how to trade forex. This section explains the fundamental concepts within the forex trading industry. When you use LimeFX Trading Signals, you can choose a strategy based on your trading style and risk profile.
This will give you spreads from 0 pips, the fastest execution, and your choice of mini, macro, or standard lots. Many traders appreciate the ability to engage in both stock trading and stock CFD trading with ForexTime. They have an award-winning VPN service, protecting your privacy, securing your identity, and preventing third parties from tracking your device.
Additionally, it includes keeping data integrity and ensuring all data stays unchanged throughout a transmission. To participate in the program, register your account with ForexTime. Then, go to MyLimeFX where you will find the option to join the promotion. There are at least several workshops or seminars every week, so there should be one that appeals to most clients. They can also enjoy the ability to be unaffected by system errors, power outages, and connection cuts.
LimeFX Review: Pros and Cons
The only point is that regulatory standards and protection vary based on the entity. LimeFX Overall Ranking is 9.3 out of 10 based on our testingand compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers. They have asked me to put more money in before I receive my profits which is called theft/Fraud. Asking me to put in a lot of money before I can even take a dime out. Please note that all withdrawals are processed and sent from our side within a maximum of 24 working hours, as long as your LimeFX Account & Payment Method is completely verified.
There is a tool called LimeFX Pivot Points Strategy that helps you to analyze price direction and market sentiment. The available stock markets are NYSE, NASDAQ and the Hong Kong Stock Exchange. You might want to dig deeper and check LimeFX trading fee calculations in more detail. To read much more details about the broker's services and features, expand on the sections below. For a tailored recommendation, check out our broker finder tool. Answer a few simple questions and get a list of the most relevant brokers.
LimeFX offers spread only with no commission in case you use Advantage Plus and Micro Account, see LimeFX spreads belowThis offers traders simplicity and full transparency against each trade. Micro Account – is a basic account with low minimum deposit $10 & instant execution, zero commission and spreads from 1.5 pips. Absolutely, the brand LimeFX is a legit broker, trading under the forextime ltd and Exinity limited entity. Both entities and the brands that it serves are authorised and regulated by top tier global jurisdictions.
The most common analysis video is an overview of the market for the week. At the time of writing, each of these graphs displays the statistics for each month of 2018. Order execution speeds are lowest for Pro trades, which get limefx as low as 0.050. LimeFX shares its performance statistics on its website to deliver transparency and show potential clients what they can expect from the broker. As mentioned, ForexTime works with WebTrader for MT4 and MT5.
Standard accounts are classed as ‘instant execution’ with LimeFX whereas the ECN range provides ‘Market Execution’. The registration process is as easy as you would expect, taking no longer than about 60 seconds to get started and testing once you verify your account email/phone. The economic calendar and community chat are particularly useful tools for the novice trader as they allow a more integrated approach to the information that can help you.