We are committed to the fair handling of reviews and posts regardless of such relations. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. It’s very good that my expectations about the broker have been successfully met. So, I would like to continue trading with this company.
- Another advantage of this company is Webtrader.
- But profitable.is is an authentic spot for putting your funds.
- Especially for first-time traders, this platform gives you excellent information on your trades and even does some of the work for you.
- LimeFX does a great job of giving their users the most tools needed to reach their potential.
The General Fees document lays out how these fees are calculated for each type of contract, and which other fees may apply to your account. It is worth noting there are no deposit fees, and withdrawal fees depend on the account type you hold. All account types get at least one free withdrawal, and the VIP account offers unlimited free withdrawals.
We are thrilled that your are happy with your trading experience on LimeFX. In order to see all the trading instruments to try trading, you need to open a LimeFX demo account. You will trade as in real life, but only with virtual money. We don’t have our own personal experience with LimeFX. However, because the broker is regulated by the CySec, there is a high chance that it is not a scam.
Although trading with a regulated broker is a priority, it is not sufficient reason to trust it. There have been numerous brokers whose licenses have had to be revoked by regulatory bodies for not acting in the best interest of their customers. The available methods for both deposits and withdrawals are credit/debit cards, e-wallets and wire transfers.
Should I Open An Account With LimeFX?
A comparative analysis can put things into perspective so that you are aware of what to expect. LimeFX has over 100 trading instruments to support all types of traders. These tools are lively and convenient for both new and seasoned traders.
I don’t understand traders that chase some short-term success trying to catch each and every market move. Upper timeframes make miracles with profitability. Investing instead of speculation doubles the miraculous effect. It’s very intuitive and comes with all the necessary functionality. I just require Awesome Oscillator, Alligator, and Ichimoky.
But even taking into account the problems I have a lot more pluses. Even the withdrawal fee is very acceptable in comparison with many companies. Please keep our support email support- for future use and feel free to contact us for any queries or issues you may come across.
Based on this information, it’s safe to assume that LimeFX enjoys an overall positive reputation among the people that took the time to review the broker. To give you an example, their EUR/USD spread is “as low as” 3.2 pips and is floating, meaning it can become bigger, depending on market conditions. However, this spread only applies to the Basic account, so if you open a higher account, you will get a spread discount, albeit not a very big one.
It is processed within 24 business hours after the withdrawal is successfully initiated. The status of withdrawal can be checked from the banking section tab in the account. On the top right side, there is a chart of candlesticks that provides an overview of the current scenario of the selected currency pair.
You may use this feature to build your faith in the machine as well as yourself and your trading strategies. Depositing cash on the LimeFX trading platform is easy. You just need to finish a single-user profile survey to start depositing money into your trading account.
Leverage, given by the broker, enables trading with a bigger exposure to markets compared to your initial balance. CySEC provided regulatory cover for a large number of binary options scam brokers as well as for some forex broker scams that https://limefx.biz/ stole large amounts of money from their clients. The broker is great for me to trade stocks and commodities. The LimeFX broker offers many opportunities to build an effective trading strategy and allows you to trade the way you want.
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A deposit amount of €25,000 is prohibitive for most retail traders. The EUR/USD spread narrows to 2.7 pips and the oil spread shrinks to 0.11 pips for these two pairs. I trade solely in the long-term and therefore I’m not interested in tight spreads.
It allows me to shift from one asset to another very fast. So, when scalping I can quickly change up to 20 assets. It’s nearly impossible to do the same on Metatrader. Also LimeFX provides a mobile version of its WebTrader platform.
- Trade more than 6,000 markets without commissions and professional platforms.
- The broker has a representative office that is based in Poland and is part of the XTB group (X-Trade Brokers).
- You apply and within 24 hours the required amount comes to my bank card.
- Trader Protection specialises in assisting victims of online trading scams in getting their money back and getting their lives back on track.
- On the top right side, there is a chart of candlesticks that provides an overview of the current scenario of the selected currency pair.
Based in Nicosia, the company is licensed and regulated by CySEC (Cyprus Securities & Exchange Commission). It feels like you are right and the broker really doesn’t offer an iOS app. What’s more, it doesn’t provide an Android app as well. If you’ve got near zero results, it can shift your performance in a plus-zone. Yet, from the way it sounds, you’d better work on your strategy a little bit further before you increase the capital. Of course, you can switch to the Gold account if $25,000 is an affordable deposit amount for you.
FXTB withdrawal charges vary with the type of account you have. For VIP account holders every withdrawal is free. Platinum account holders can make 3 withdrawals for free each month. Gold account members can make one withdrawal for free each month.
I do not understand why such a sum, because many others have $ 100 each. LimeFX has been accused of pushing traders to make a deposit by pressuring them with endless calls. The broker lacks transparency and has rude management that does not care for its customers. Basic account holders are limited to just one free withdrawal, which is a trick to attract more fees to unaware traders. Crafty fees are a significant problem for many people who use an online broker. Several licensed and regulated brokers take advantage of you by imposing hidden costs.
LimeFX has a wide variety of over 100 instruments available for you to trade with. In the event you are withdrawing cash in various currencies from USD, a conversion fee is also important. The conversion fee will depend on the currency you are opting to withdraw in.
A Basic account requires a $250 deposit, while a VIP account requires a shocking $250,000. Most traders would consider the VIP account’s “seven SMS notifications per day” not entirely worth it. LimeFX is a broker licensed and regulated by the CySec. limefx broker reviews While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that LimeFX is not a scam, read our trader reviews and check other popular trading related websites and forums.