Note that the conversion fee is based on the base currency, the payment provider, and the receiving currency. Spreads aren’t the best but comission costs surely make up for it especially on ECN accounts. Withdrawal and deposits aren’t the quickest especially via bank transfer and could 100% do with a visa transfer option but i have made both deposits and withdrawals many times with no issues.
It will always be easy to contact a courteous and experienced professional on one of these channels, from Monday to Friday, from 9 am to 6 pm . For a lot of payment methods, there are not any fees for withdrawing money. A normal bank transfer can cost about 30 dollars a percentage of the amount. Overall, we can recommend LimeFX because of its huge variety of payment methods. Like the deposit process, the withdrawal process is very easy.Keep in mind that your account has to be fully verified in order to do a withdrawal. The duration of a payment is depending on your payment method.
One benefit of the videos is that they can be played in the background during an analysis. Easy-to-use trading exchange for both beginners and professional investors. I used the services of the company until the revocation of their license to carry out activities in the Russian Federation by the central bank. I would like to draw attention to the false information provided by LimeFX in this review. You could verify quotes I used by using the official answer from the company just below.
LimeFX Nigeria Review 2022
In general condition, the Russian market operates through its strict centralized nature and governmental influence on its development. Since the Forex industry gained its popularity and spread to a Russian market as well, the majority of offered trading services was managed through offshore brokers. The industry players maximum participated to Russian self-regulatory organization CRFIN, yet… LimeFX minimum deposit amount starting from $5and moves on further from 20$ and 500$ respectively for ECN accounts. LimeFX is a reliable broker due to its strong standing and long years of operation. There are numerous instruments available for trading including Binary Options, the education.
Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. Altogether, LimeFX can be described as a reliable and reputable brokerage with very reasonable trading costs . The spread is also quite modest, making this a low-risk investing scenario.
If traders plan on trading individual stocks and cryptocurrencies, the maximum leverage becomes less due to regulatory rules. LimeFX International provides its customers with high leverage and it is because the firm has switched regulatory authorities to some well-known countries where many online brokerage firms are based. Your withdrawal request was denied because we don’t accept transfers from and to the third parties.
- LimeFX also prides itself on working exclusively with reputable banks from a range of different countries in order to maintain safety for its trading clients.
- MT4 has always been my personal preference as I’ve traded on that platform for a few years now, I find it a reliable platform to trade on with a range of tools to make trading easier.
- LimeFX International offers a selection of retail investor accounts, proprietary LimeFX CopyTrade, market and instant order execution, and more.
- The goal of the managing trader is to trade your funds and make a profit, giving it to you with a deduction of a small monthly commission.
- There is a broad range of services offered that allows retail traders to ensure that they get the best guidance, financial advice, and resources to make informed LimeFX decisions.
In order to start the registration process, the applicant can simply click on the orange “Register” button located at the top of the LimeFX webpage. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations.
LimeFX VS LimeFX VS JusForex – Broker Comparison
The account types offered by LimeFX are quite varied and user-friendly. Some forex brokers also have a wide choice of account types. However, account types may not be user-friendly and may not https://limefx.vip/ meet the needs of investors. At LimeFX, all account types are created with the needs of investors. Forex trading imposes a high level of risks and is not suited for all traders and investors.
The LimeFX broker company is multi-linguistic which means it supports several languages including English, Chinese, Russia, Indonesia, Arabic, Spanish, and Hindi. The firm offers a quick response via phone, live chat, or email. It is always advised to get in touch with the experienced and courteous professionals on these channels from Monday to Friday, 9 am – 6 pm . LimeFX offers several deposit methods and different payment options to make deposits.
Deposits and Withdrawals are free through local GT bank transfers. LimeFX is one of the oldest forex and CFD broker in the world. They are not regulated with any Top-tier regulation, so safety is a concern. The platform is convenient, and interest rates are such that you can earn very good money. This is reliable, reputable and always with feedback broker.
Both platforms can be used with desktop computers, as mobile applications, and via web platforms that are compatible with major operating systems such as Windows, Mac OS, and Linux. LimeFX doesn’t charge commissions on its Nano.MT4, Standard.MT4, Standard.MT5 and ECN.MT4 accounts. However, commissions of $16 (calculated based on the notional value of the positions equal to $1,000,000) are charged on its Pro.ECN.MT4 and ECN.MT5 accounts. LimeFX further complies with a strict set of financial industry standards and goes to great extents to offer complete transparency to its clients. Let’s start this LimeFX review talking about safety , whic is always one the most important topic in the forex market.
LimeFX broker are Thief’s and scammers
LimeFX compares well to most of the industry firms regarding diversity to meet with the ever-rising market demands and technical training capabilities. But perhaps, its most salient feature is the great emphasis on informational and educational services. The group’s presentation of educational materials is done as per the forex market spirit, where most of the experienced traders share their ideas. limefx scam Besides the Nano account, which does not have a minimum deposit, the minimum account balance for the other accounts range between $300 to $ 500. The method of execution also varies depending on the type of account one has opened. This LimeFX Nigeria review will provide traders the details that they need to consider whether the broker is suited towards their unique trading objectives and needs.
- In the next section you will get a professional overview of the conditions, trading platform, and service for LimeFX clients.
- The LimeFX brand operates in different countries under different legal entities, but the ultimate owner of all organizations is Andrey Dashin, who is the founder of the company.
- LimeFX International is a global online crypto trading platform and an asset broker, developed in 1998.
- Since the end of 2018, Master Card and Visa payment systems have tightened requirements for brokers with offshore registration.
These are events that impact the values of the currencies and exchange rates. The availability of local office, local bank deposits/withdrawals, local phone numbers for customer support can be advantageous to traders in Nigeria. We liked the variation in the account types as every type of trader can have a suitable account type at LimeFX. The fact that each account can be opened with NGN as a base currency is a major advantage for traders in Nigeria.
LimeFX Mobile App
The customer support at LimeFX is very helpful, attentive, and useful. We raised multiple queries through multiple methods at different times to review customer support. Traders can connect with the following methods with the customer support executives at LimeFX. Read our detailed review on LimeFX for traders in Nigeria. We have covered each benefit and limitation of the broker, specifically for the Nigerian clients. However, it is not possible to say that it is in the old power.
- Working since 1998, the reputation of the broker has not suffered.
- This is provided by FXStreet and it is available in 17 languages.
- We have covered each benefit and limitation of the broker, specifically for the Nigerian clients.
- Furthermore, LimeFX cryptocurrency CFDs are generally used for short-term or medium-term trades.
The legal entity whose license to operate in the Russian Federation was revoked continues to operate under a different name . The LimeFX brand operates in different countries under different legal entities, but the ultimate owner of all organizations is Andrey Dashin, who is the founder of the company. LimeFX get a license from the Central Bank of Russia, which reaffirming status as one of the country’s most reliable brokers.
On the other hand, the standard MT4 account offers a slightly higher margin call at 60%. All the trading accounts are commission-free, and the traders can select between MT4 and MT5 scammed by limefx platforms if they have ECN accounts. Forexbrokerslab is my personal blog where I compare reliable forex brokers. I’ve been in forex trading since 2009 and I’m still learning.