Then they initiated that they will be the one to settle it with my bank so as to not cause inconvenience to me. They really did settle it and the right amount was reflected in my balance. If it was another broker, they probably won’t bother to talk to the intermediary and will just tell me to ask the bank myself. Furthermore, LimeFX developed a range of contests and promotions that complement traders along with fantastic opportunities to gain valuable prices and that is besides precious experience. On all live trading accounts, LimeFX provides Muslim traders with the option of opening an Islamic Account.
How much is commission fee on LimeFX?
LimeFX commissions start from 0.03% – 0.07% and spreads from 0.0 pips and does not charge any deposit fees or withdrawal fees. Insta Accounts have a minimum lot size of 0.01 lots and a maximum of 1000 lots. LimeFX is not a spread betting broker, so spread betting fees will not apply.
LimeFX also offers extensive training materials to make your start into the Forex world as easy as possible. You should also make use of the LimeFX demo account to start trading without risks. Cent Standard and Cent Eurica Accounts function in exactly the same way as the standard Insta accounts, however, they allow for a much smaller minimum lot size. This is the perfect choice for beginners only looking to risk a tiny fraction per trade. Compared to other brokers, LimeFX’s regulation is substandard, the training resources are inadequate and the spreads are high. Yet, the broker is trusted by over 7million traders and has over 40 excellence awards.
Support is offered for Metatrader 4 and Webtrader (see here for more on LimeFX’s trading platforms). LimeFX offers six live instant execution accounts, with higher minimum deposits linked to tighter spreads. Its entry-level accounts have a minimum deposit of 100 EUR, but high trading costs, with spreads of 2 pips (EUR/USD) on its Standard Account. Trading costs improve significantly on its commission-free VIP ECN Account with spreads of 0.5 pips (EUR/USD), but this is in exchange for a minimum deposit of 20,000 EUR.
Is Hot Forex a trusted broker?
Is HotForex Legit? Yes. HotForex is regulated by several entities, and it makes it safe and legit for traders to carry out trading.
Segregated accounts are insured up to a maximum of €20,000 in the case of default. All deposits are stored in separate bank accounts by regulatory restrictions to safeguard consumers. The bonus is free, but you must meet certain requirements to withdraw your whole winnings. Unfortunately, there aren’t many Forex brokers who will provide you with that opportunity.
LimeFX Leverage & Margin Requirements
Also, the platform acknowledges all the positive feedback and negative reviews sportingly that are provided by international traders. LimeFX takes the safety and security of its clients’ funds seriously, and therefore, it holds client funds in segregated accounts. The forex market is traditionally the buying and selling of currencies. When trading forex instruments you are speculating in the price increase or decrease of one currency against another, e.g.
- After 6 months, I decided to open a live account and deposited $1000.
- Aside from all this, the minimum deposit for most account types is zero and you can set up accounts with different base currencies, the most popular of which are USD, EUR, and RUB.
- If you want to get started, signup takes just a few minutes and the minimum deposit is only $1.
- Three unique features stood out for us during this LimeFX EU review.
There are no financial services that can guarantee you a high income or offer investments without risks. With high potential revenues from investments https://limefx.club/ always come a high likelihood of losing all your money. See how LimeFX compares to the leading forex brokers by reading one of the reviews below.
Tickmill Broker Review 2023: Are They A Good Broker?
The broker does not specifically state that it is not available for other platforms, but we could not find information on if it is available for Mac. It should be noted that if you open an MT5 account with this broker, you can only trade forex, shares, and metals. However, we will cover everything that you can trade on the standard account. The LimeFX website is quite daunting, even for experienced traders.
This account has floating spreads averaging at 1.2 pips, making it cheaper and quicker than the Insta.Standard and Insta.Eurica – however, the minimum deposit here is $100. Demo accounts are available to test the different trading platforms and conditions before opening a real account should you wish to do so. I would always test a broker on a demo account to begin with just to make sure they have suitable conditions for my strategies.
Deposits and Withdrawals
Eurica accounts do not require any spread to be paid for opening a trade for most currency instruments of this account type; zero spreads are applied. The features of the account allow trading with Micro Forex (minimum deposit of 1-10 limefx scam USD), Mini Forex (minimum deposit of 100 USD), and Standard Forex (minimum deposit of 1,000 USD). One thing to note is that the only download option is for Windows when going through the trading platforms available for this broker.
Fees are only charged for deposits on the Standard and Eurica accounts, while traders are charged for all withdrawals. However, LimeFX covers commissions for withdrawals if the sum of a transaction is above 5,000 EUR (or equivalent in another currency). A well-regulated broker, LimeFX does not process payments to third parties. All withdrawal requests from a trading account must go to a bank account or a source in the trader’s name. LimeFX reserves the right if it is not satisfied with any documentation provided by the Client, to reverse the withdrawal transaction and deposit the amount back to the Client’s Trading Account. LimeFX has two different account types suited to beginner traders.
Where is LimeFX based?
It is based in Moscow, Russian Federation.