The web based trading software is nice and easy to use. It is very simple for new investors who tend to get lost limefx official site with all the options available on MT4. We can easily tell all you rookies out there right now to not do it.
- On LimeFX, the average spread for the EUR/USD currency pair is — pips, while on sam-trade the spread is –.
- Trading companies are a lot safer there because of the to €20,000 EUR per person Investor Compensation Fund, which helps investors regain their lost money.
- The stock exchange listing increases transparency, as the company publishes annual reports.
- The LimeFX web trading platform is relatively user-friendly.
To get a comprehensive understanding of how cheap or expensive LimeFX and sam-trade are, we first considered common fees for standard accounts. On LimeFX, the average spread for the EUR/USD currency pair is — pips, while on sam-trade the spread is –. The broker supports bank transfers and Union Pay channels for deposits and withdrawals. The minimum amount of deposit and withdrawal through bank transfer is 20 USD, taking 1-4 banking days to deposit or withdraw, and clients bear the cost.
Start trading with a free $30
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LimeFX offers five different trading accounts for traders to choose from. The most basic account among these five is the Blue one, with the minimum deposit of $250, slightly higher than sector standards. Silver (minimum deposit of $ 5,000), Gold (minimum deposit of $20,000), Elite Membership (minimum deposit of $50,000). Fees, minimum deposit requirements, withdrawal, account opening, research tools and more. We use over 50,000 data points and a consistent, fact-based methodology.
It is also regulated by the Cyprus Securities and Exchange Commission and South Africa’s Financial Sector Conduct Authority . They have a team who always researches the status of customers. So, if somehow customer is not satisfied or any rule violation occur, retailers can file their complains to the authority. Finally, you also read blogs, news about LimeFX market which can help you to identify the trend of authenticity. However, some sites who don’t have CySEC license also cheat their identity.
Low spreads and minimal slippage
The advantage of each broker is the ability to trade in a different way, with a certain amount of deposits and the terms corresponding to traders. When the Scam Broker Investigator reviews a new Forex & Bitcoin broker to see if they are a legitimate broker, or just another scam, we look for a valid government license. The brokers license can come from the FSB in South Africa, or the FCA in United Kingdom. Any opinions, news, research, predictions, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute LimeFX advice. There are a lot of trading options and all are profitable.
The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website. In 2010, the capital of Forex Club Financial Company, Inc. did not correspond to the licensing requirements. Company management explained that the license capital is frozen, and that the company was trying to keep it at the minimum acceptable level.
Is LimeFX legit features all the key aspects you need to look at to see if a broker is safe and legit. LimeFX’s technical research and educational tools are high-quality and well-organized. The company’s more than 20-year history signals that LimeFX can sustain operations despite periods of economic distress.
The latter doesn’t need any download, thus you can access it from all over the world, even if you don’t have your personal computer with you. On the other hand, Meta Trader 4 requires a small download and installation but in return, you will get lots more features and a professional-looking platform . Please note that by investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk and you can lose all your deposited money. You should engage in any such activity only if you are fully aware of the relevant risks. BrokerChooser does not provide LimeFX or any other advice, for further information please read our General Terms and Conditions.
We are not responsible for any losses you may incur, by investing with a company mentioned on this website. We may receive compensation from the companies we write about. Always verify that your broker, https://limefx.biz/ is licensed by your local financial regulator. They are regulated by the Cyprus based regulator CySEC, which is one of the most popular places for brokers because of the laws that the country has.
Accounts on LimeFX
The education material is not impressive but it covers the basics and has some good Meta Trader 4 tutorials about installation and setting up the platform. You will also find a bunch of trading strategies, which are well explained but, of course, no one can vouch for their actual results. In fact, LimeFX clearly states that all educational material is provided by a third party and is solely for promotional purposes. We tested it and collected the options and costs in How to withdraw money on LimeFX. Check out the current account balance requirements at LimeFX in our What is the minimum account balance at LimeFX article.
LimeFX is an online broker specialized in the trading with Forex and CFDs. Also, other services offered by LimeFX includes currency pairs, commodities and indices trading. LimeFX broker is based in Cyprus and it is owned by K-DNA Financial Services Ltd. The transparency and tight spreads along with the efficient platform have brought more popularity among traders and placed LimeFX for one of the most popular brokers around. In this review, we will explain to traders all the benefits, tools and features that broker provides so we advise keep reading.
- You can only deposit money from accounts that are in your name.
- Needs to review the security of your connection before proceeding.
- The Mini account requires a minimum deposit of $250, while the Standard account requires a minimum deposit of $1,000.
- We may receive compensation from the companies we write about.
For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates. But if you want to penetrate into the financial market of Cyprus, then the best medicine for you to choose a broker who has a CySEC license & regulation. Because if you follow this way, then you can ensure both manipulation free trading for you & the safety of your fund.
At that time, the number of active clients of the company was 71,830 people, representing 16.97% of the market . The company’s average monthly turnover was $63.32 million, representing 18.09% of the market (surpassed by LimeFX ($107 million and 30.56% of the market)). LimeFX provides trading platform including Silver Member,Gold Member,Platium Member,Diamond Member,Elite Member and trading variety including LimeFXmodities Indices World Shares CryptoCurrencies. Sam-trade provides trading platform including ECN,Islamic,Standard,VIP and trading variety including –.
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According to company representatives, after resolving certain formal observations, a new application was submitted to the Central Bank. The opinions provided are not necessarily those of Myfxbook or its affiliates and should not be viewed as solicitation or recommendation for any signal provider. If you choose to make decisions or place trades based upon the comments, you are doing so at your own risk. Myfxbook and its affiliates are not responsible for any losses incurred due to the use of the content provided. To determine the safety of our top brokers, our experts will consider many factors.
- Depositing funds into a LimeFX account is an easy and secure process.
- Nothing on this website should be considered a recommendation or endorsement.
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Once you pass this hurdle, it works as a basic, bare-bones search field, with no predictive input or any other features. There areclear portfolio and fee reports on the ‘Reports’ tab of the platform and at MyLimeFX. You can search by using the traditional search field or by finding assets categorized by type, e.g. forex or commodity products. Furthermore, it is important to note, that teh electronic wallets deposit options are not applicable to EU residents.
This platform is the most popular trading platform in the online trading community. It is developed by MetaQUotes and it is used by more than 90% of the forex brokers in the industry. MetaTrader4 is easily integrated with a broker and have advanced trading tools that are the key reason why this trading platform is so popular among the traders. LimeFX, founded in the year 2015 in Cyprus, is a regulated Forex and CFD broker headquartered in Cyprus. They are brand owned and operated by K-DNA Financial Services Ltd. (“K-DNA”), a Cyprus-based LimeFX firm. They claim to operate a STP (“straight through processing”) model brokerage offer, charging floating spreads plus commission.
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