Moreover,LimeFX has also collaborated with Myfxbook to provide you with advanced trading options through the AutoTrade platform. The brokerage also offers their clients with VPS service so that they can install their preferred EAs and run them on any device. You will be able to acquire the VPS package at an expense of £20 per month.
These bonuses give additional trading funds to the lucky winners who also can withdraw the bonus money to their personal account. LimeFX is a Forex broker established in 2015 in Seychelles. The broker brings together a team of professional traders whose experience in this field has started off back in the 80s, therefore, the new clients of LimeFX are already in good hands. LimeFX provides its customers with Meta Trader 4 or MT4 trading software.
Bonus1)$30 Welcome Bonus – $30 bonus shall be credited to your trading account when you open a real account. You do not have to deposit any more to get this bonus and the profits are withdrawable. $30 Welcome Bonus– $30 bonus shall be credited to your trading account when you open a real account. First of all, you need to have a very impressive portfolio which needs to exceed the amount of EUR 500,000. Secondly, you need to have a trading volume of 10 trades in every quarter over the past four quarters. Lastly, you need to have a working experience of at least a year in the financial sector to become a professional client of LimeFX.
This means that even the beginner traders can fire off their career on LimeFX without breaking the bank. I have been in trading business for almost 30 years and the latest 15 years of this period has been devoted to foreign exchange trading. LimeFX alsoallows you to open an Islamic accountwhich is fully compliant to the Sharia Law. To have an Islamic account, Ask price you will have to open any of the aforementioned accounts and request the brokerage to convert it into an Islamic account. The trading conditions for the Islamic accounts are same as the previously mentioned account types. Overall our online LimeFX review was conducted with the details obtained from the demo trading and the forex brokers website.
Apart from the government bonds, you will also be able to trade on more than 62 currency pairs, commodities like gold, silver, crude oil, 15 different equity indices and also Bitcoin when with US dollar. As a matter of fact, all the trading instruments are equally available for both UK as well as Seychelles accounts. The only difference lies in the requirement of minimum deposit. Furthermore, the maximum leverage that is available for UK accounts is 30 to 1 as per regulations of ESMA. On the contrary, the maximum allowable leverage in Seychelles is up to 500. The demo account is a primary step to look out for while deciding on a brokerage firm to trade with.
Will My Funds Be Protected At LimeFX?
In order to do so, install an MT4 platform in different folders on your computer for each of your trading accounts. We were also pretty pleased when we came across 5 different account types on the website. All of them are designed for specific limefx forex brokers reviews users and make trading a once-in-a-lifetime experience for them. AAFX Trading gives me all key features of a decent brokerage. I like the high leverage as I can profit on scalping without putting too much pressure on the account balance.
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LimeFX Languages And Trading Software:
Founded in 2014, the company has various branches and employs over 150 people in their firm. One of the most helpful things that the brokerage firm does is to offer new clients with ademo account which is free of any risk. Apart from the complete access to the MT4 platform, the demo account also provides you with all the assets that can be traded. Apart from that, the demo account also shows the real-life volatility as well as prices to help you to get acquainted with the market. The best thing about LimeFX is that it offers you to trade in a large variety of instruments listed under CFDs including four different German Government bonds.
- This means that even the beginner traders can fire off their career on LimeFX without breaking the bank.
- We offer FIX API connection to our large private clients and institutional clients.
- With the online finance market experiencing a huge customer base, it has been difficult for the regulators to bifurcate the legit brokers from the scam brokers.
- Thus, they have modified the offerings as per the location and economic conditions of their clients.
When setting out to start trading Forex, stocks, or other tradable assets, one of the first things every trader should think about is a broker. In order to open a real account and start trading, you are required to verify the account. First, go to your e-mail address and validate your e-mail address through the confirmation e-mail. Once you verified the e-mail address, you are enabled to login to the customer area. As for the LimeFX bonus, the broker offers multiple promotions to its clients, ranging from the $30 Welcome Account, Trader of the Month, and many more.
And then there’s the CySEC license as some sort of cherry topping as it’s also a very strong licensing material from within the EU. In short, all three of the licenses make sure that the broker abides by the strictest financial rules. And actually going through these institutions can reveal a lot.
The brokerage understands that trading conditions are not similar across the globe. Thus, they have modified the offerings as per the location limefx forex broker and economic conditions of their clients. LimeFX allows the traders to trade with LimeFX Seychelles if they need high leverage.
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And those who can comply with the regulations of ESMA can obviously join the UK or Europe branch of the brokerage. In other words, you will be able to achieve complete flexibility as a trader with LimeFX. Trading financial instruments carries high level of risk to your capital with the possibility of losing more than your initial investment. The data within this website is not necessarily real-time nor accurate and do not represent the recommendations of the employees. Before deciding to trade currency or any other financial instrument please consider consider your investment objectives, level of experience, and risk appetite.
Updated Information About LimeFX Forex Broker
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First of all, you have to choose the regulator that your live account is going to be registered to. The clients living outside European Union should select FSA of Seychelles whereas European clients should proceed with FCA of the United Kingdom regulator. You will also be able to deposit money throughSkrill, Neteller, PaySafeCard, Fasapay, China UnionPay, Dotpay, Qiwi Wallet, NganLuong and GlobePay.
Should You Trade With LimeFX?
2)Trader of the Month – LimeFX chooses the best among existing clients and award the best performing trader with a $1,000 prize every month. Verification is the last step on the road to open a live trading account at LimeFX. Once it is completed, you are going to be able to add live trading accounts and fund your account through the client panel. Trader of the Month– LimeFX chooses the best among existing clients and award the best performing trader with a $1,000 prize every month. With LimeFX, you will also be able to choose from at least 5 different real money account types.
Believing that remarkable achievements deserve special acknowledgment, every month we choose the best of the best among our skilled clients and award the top 2 traders with a$1,000 prizeeach. Though many brokers do not allow placing stop and limit orders close to market prices, we allow you to do just that. Trade 62 currency pairs, 16 CFDs as well as Gold and Silver on your VIP account with spreads starting from 0.0 pips.
LimeFX Review : Faq
For instance, when seeing that one of the main regulators of LimeFX is the UK’s Financial Conduct Authority, all the LimeFX scam suspicions or suggestions are instantly dissipated for us. There’s just no way of being a scam and having this level of regulatory oversight monitoring your activities. Reportscam.net limefx review can have advertising and affiliate relationships with some of the trusted recovery companies and may be compensated through them . Reportscam.net is committed to the fair handling of reviews and posts regardless of such relations. You have to upload documents for proof of identification and proof of address.
Official ID card, passport and driver’s license are accepted by LimeFX for the proof of identity. Please note that the Broker requires only one of those documents, not three of them. As a proof of address, you should upload the copy of either a utility bill or bank statement on which your address is fully disclosed. You should remember that the proof of address documents should not be older than 180 days in order to be considered valid by LimeFX.
This adds yet another red flag for LimeFX in this review. LimeFX also allows traders to become professional clients if they can log high trading volumes. However, there are a few conditions that you must fulfil to become a professional client. This2021 Forex Broker Reviewhas been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers.
It just takes a little effort and research into the broker’s offerings to assess their credibility and make the right decision. If you have an account in LimeFX thenyou will be able to deposit and withdraw money through differentchannels. The UK headquarters is located in London and the accounts registered to this office are controlled by theFinancial Conduct Authority or FCA. The best thing about the UK accounts is that they come with protection up to an amount of £50,000 deposit.