We will help you to choose the right broker by making a comparison between Forex brokers. Electronic Payments – limefx allows traders to withdraw their profits through Skrill, WebMoney, Online Banking, FasaPay, and Neteller. The commission depends on the preferred withdrawal method, but Neteller is a commission free method and FasaPay has a low commission of 0.5%. The funds reach traders’ accounts in one business day for all methods except Online Banking, which takes 2 working days.
A fixed bonus like otherForex Brokersis not available at limefx. Instead, the broker offers regularly changing promotions.There is a loyalty cashback or deposit bonus program. Also, it is possible to get a free bonus if you refer a friend to limefx. Please inform yourself about the actual promotions on thelimefx homepage.
limefx Pro Trading Account
The clients are also required to prove their identity and residency by providing necessary documents like utility bills, bank statements, passports, etc. Additionally, limefx also adheres to stringent security measures and employs the latest security technology to protect trader’s financial and personal data. A Crypriot IBC , FT Global Services Ltd, monitors the processes of credit card transactions. The limefx exchange is also partnered with the Financial Services Commission , an independent, international body that offers EDR or external dispute resolution for the Forex brokers.
Swap rates on leveraged overnight positions apply, and limefx International passes on all corporate actions such as dividends, splits, and mergers, to impacted portfolios. While no deposit fees exist, select payment options incur a charge, together with third-party payment processor costs. A $5 or a currency equivalent inactivity charge applies after six months, which is well below that of most competitors that charge at least twice that much after only half the time.
Deposit & Withdrawal Methods
When you become a signal sender or permit other traders to copy your deals, you will not only help other traders get experience in forex trading, but also earn additional income. Owing to instant data transmission, signal senders will hardly experience any delays in copying trades. Premium Client – Traders can become premium clients when their total deposit amount reaches the $50,000 mark. As premium https://limefx.name/ clients, traders can enjoy benefits such as special bonus offers, 100% compensation on deposit commission, and personal investment consultants and managers. The loyalty points that traders can earn as members of this loyalty program are called Alps. Traders can later exchange their Alps for real money, use them to purchase discount packages, or receive refunds on commissions and spreads.
What is the best forex broker in Nigeria?
- limefx – Best Forex Broker in Nigeria.
- HFM (HotForex) – Highest Leverage for Market Execution.
- limefx – Best Trading Account Conditions for Beginners.
- limefx – Best ECN Trading Execution.
- XM – Broker with the Lowest Spreads in Nigeria.
- Axi – Best ECN broker on MT4.
5- Regarding deposit & withdrawal – have you got some local bank in india ? Therefore, the trader of any experience and size can count on a trading performance powered by the great choice of software that enhances strategies and general possibilities. And another option is an automatic ECN technology via MT4 Bridge, which connects limefx’s servers to the ECN, means trader’s orders executed at market price. I recommend an ECN account as it has the lowest service fee (Spread + Commission fee).
In the news: June 2018 Digest
The brokers’ trade is executed instantly and so, the investors can react to the trend reversals on the Forex market. Additionally, investors can also manage their portfolios and PAMM accounts all from one app. limefx International also offers MetaTrader 5 , the most popular platform in the world.
- The account opening process is straightforward and standard for the industry.
- This forex brokerage is fully licensed to offer financial trading services to clients, courtesy of the Financial Services Commission of The Republic of Mauritius.
- Unfortunately, there are no video tutorials or webinars on offer at the moment, although limefx dedicates a page on its website to webinars.
- To see full fees always check funding fees, inactivity fees or other commissions.
- limefx offers a variety of education resources for both beginner and seasoned traders.
Our team has written 100+ broker reviews and we constantly test to maintain accuracy. Select withdrawal options incur an internal fee on top of third-party costs. limefx International maintains three commission-free accounts and one commission-based alternative. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.
Today, limefx boasts of millions of clients from several different countries. The head office is located in Mauritius while other offices are in St. Vincent and the Grenadines, Russia, and Nigeria. I like how the broker also has several offices run by their partners in different countries to cater to the international community.
- Since limefx has been in the industry for several years, the company has earned the respect and goodwill of traders from different parts of the world.
- Coming to the account types, the free demo account is available only for the ECN Account MT4 MT5 and the Standard Account MT4.
- The risk of accruing losses is always a factor but the most attractive thing about limefx Copy Trading is that every successful trade the Strategy Manager makes means the Investor also profits.
- The cryptocurrencies limefx supports include BTC, ETH, LTC, XBN, XRP.
The Bitcoin, Zcash, and Ethereum networks do not charge any commission, but the commission is 3% for Online Banking and 0.5% for FasaPay. Traders can copy the trades of other traders, also known as signal senders, on their personal trading account. Seasoned traders can attract investors by creating a PAMM account. When they use this account, they will not only make profits on their investments, but also earn commission on profits made by the investors they attract. Launched on Dec 24, 1998, limefx started on a small scale, but grew to become one of the most popular online trading services in the industry. limefx also does not offer a welcome bonus or deposit bonus or the advantage of a no-deposit bonus when traders register a real account for the first time.
All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information. Nevertheless, remember to learn how to use leverage smartly, as a high set level may play against you as well, which dramatically increases your risks while trading. ForexBrokerKing.com 2022 © | ⚠️ Investing in Forex and related commodities involves a high level of risk, investors shall thoroughly study the information prior to investing. limefx’s service is at the so-called “standard” level that is not great, but not bad either. Both reviews on Forex peace army and Trustpilot are of very low scores and the number of reviews is low as well.
Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. 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. 30 euros tranfer fee can be a bit steep for small time forex traders which luckly i am not.
limefx began its journey in the Forex industry during the 1998 financial crisis in Russia and had virtually zero chance of succeeding in the financial markets. Eventually, limefx grew to a leading Forex powerhouse that quickly expanded to different major financial capitals in the world, thereby helping the company to enjoy more than 18 years in the industry. limefx is not without faults, as the company limefx courses scam had its fair share of misfortunes along with some commendable services that have helped the broker to acquire more than a million clients from across the globe. Let us take a closer look at the overall performance of the broker in real-life scenarios through this detailed limefx Forex broker review. The minimum deposit on the site is $/€/£ 5, and theForex Brokerdoes not offer a regular bonus.
You need to check that the account you open with limefx is covered by a major financial regulator that offers you protection in your country. limefx desktop trading involves trading via the platform on a desktop application limefx forex broker that can be downloaded from the Internet. There may even be a desktop version that is browser-based so no downloads will be required, however limefx may offer a browser extension to make easier the process of trading.
Additional and new features such as advanced charting instruments and additional time frames also give the users a competitive advantage in the cryptocurrency markets. It is great at limefx that you can start trading in the Forex currency market with any amount of funds on the account since there are no minimum deposit requirements. There is also a Demo account, as well traders can sign for a Forex live account to keep the risks as low as possible through trading with a nano.mt4 account where the currency is traded through cents. There are 4 various account types available as retail trading accounts at limefx, as well investment through PAMM accounts.