Contents
Traders will get multiple ways of funding account, including credit and debit cards, wire transfers, and bank transfers. Each client is protected up to CHF100,000 against the insolvency risk of LimeFX Bank. However, LimeFX charges a $20 fee in addition to possible bank or credit card charges for withdrawals. Depending on LimeFX services used by the clients, commissions may apply. Commissions and spreads are calculated through a declining tier system, with clients categorized by monthly trading volume and net deposit.
LimeFX provides over various trading products, including over currency pairings. We’ve summarised all of the numerous types of instruments supplied by LimeFX below, along with comparative instruments from IG and XTB. Now I am passionate about reviewing and comparing forex brokers.
The broker’s clients have access to the largest pool of interbank spot forex liquidity available for banks, hedge funds and institutions which makes trading much more effective. To ensure the customer’s accounts safeness the broker provides highly secured connectivity through PIN codes, fix IP-addresses authorized list, https connection, and case-sensitive login password. The slippage control https://limefx.group/ and the absence of reqoutes are the additional advantages of the broker. Additionally, the level of regulation and the fact that they are focused mainly on institutional clients means that funds are more secure than with any other broker. The Java Platform is designed for those who like trading without the aid of automated strategies with all information being centralized on a single screen.
Which trading platforms are supported by LimeFX?
I think managed accounts can be a good way for those who do not have the time or knowledge to trade the markets by themselves. However, I actually prefer to maintain control over my trading activity as I feel this can be the best way to learn from mistakes and improve as a trader in the long run. It should be noted that past account performance is by no means a guarantee of future performance. LimeFX offers multilingual customer support to cater to every type of trader on its platform. There are also several contact forms including a “call back “ request, a “send us a message” form and a ”Report and Issue” form.
Market news and analysis is presented daily which can be a great way to find opportunities. There are managed accounts for money managers and investors who want to take a hands-off approach. Deposits to trading accounts through bank wire transfer are free. But international withdrawals are charged $50 per withdrawal. Overall, LimeFX is suitable for the highly experienced and high-volume traders. Higher than average trading costs could undermine beginner and retail accounts, who may have to look elsewhere for building skill levels due to weak educational resources.
Offering of LimeFXs
LimeFX group accepts clients from all over the world, excluding USA, Cuba, Iran, Myanmar, North Korea, Sudan and Syria. Be aware, LV company has some trading restrictions because of the European Securities and Markets Authority influence. I am very sorry to hear that you have faced some troubles with your account and transfers. I would love to help you with any issue you might be facing right now, and also I would like to take a look at your account to understand what was the reason for the delay/rejection of any transfer. Checking other reviews looks like it is a very common issue.
- LimeFX Bank is a licensed bank and online broker with an electronic platform that is very intuitive and easy to understand, even for beginners.
- In this LimeFX Review, we are going to take a look at the offer that this broker prepared for its traders.
- The premium is subtracted from client accounts before trades are placed, if the account cannot pay the premium trade sizes are automatically adjusted.
- LimeFX was established in 2004 by Andre and Veronica Duka.
- Perhaps the web-portal is a bit overloaded with graphic elements.
The company provides a 24/6 support team through phone and live chat. They maintain active social media portals as well as a dedicated support forum for JForex and automated trading. This ECN-Marketplace represents the advanced generation of liquidity aggregators in the industry. LimeFX has a unique technology to hedge instantly any clients’ trades directly with other liquidity providers. The company is currently connected to Bank of America, Commerzbank, Nomura, Barclays, Currenex, Deutsche Bank, JP Morgan, and other liquidity providers. LimeFX has headquarters in Hong Kong, Japan, Latvia, Malaysia, Russian Federation, Switzerland, Ukraine and United Arab Emirates.
Account types
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the LimeFXpanies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
Once the form is filled , the funds get credited to the account. In the majority of cases, the reason for the delay in receiving the money is the unfilled self-declaration form. I selling some products online and i received around 200$ to my LimeFX account they’re holding amount, i provided my store link and my sales report and they’re still holding money. Trading CFDs on margin, Forex, precious metals by using leverage is not suitable for everybody. Investing in these instruments involves a high risk of loss.
DIVERSIFY LimeFXS WITH DUK+ DEPOSIT
LimeFX’s JForex 3 platform suite is highly dynamic and vibrant with features, including an extensive range of charting tools and automated trading capabilities. With mobile, LimeFX’s JForex Trader app is our favorite for 2020. Bottom line, LimeFX keeps up with the leading platforms from IG, CMC Markets, and Saxo Bank.
A minimum deposit of $5000 is required to establish a live account. LimeFX, on the other hand, provides a demo account that you can use to experiment and become acquainted with their platform. LimeFX offers trading services with forex, indices, commodities, cryptocurrencies, and stock CFDs instruments. TradingBeasts helps individual traders learn how to trade forex, cryptocurrencies and other assets as CFDs. We verify and compare brokerage companies and warn our readers about suspicious projects or scam marketing campaigns. We are also a community of traders that support each other on our daily trading journey.
The trading platform is awesome and it’s a nice way to open a bank account in Switzerland. You hereby agree that your demo account information will be shared with such representatives allowed to take contact with you. You hereby waive limefx scammers the benefit of Swiss banking secrecy in this respect towards the above mentioned persons and entities. Confidentiality of your personal data will be ensured throughout the group, regardless of the location of specific group units.
It is not easy to get the Swiss Financial Market Supervisory Authority license, which points up the reliability of this company. We have scanned fees that LimeFX charges when trading popular currency pairs, here is their breakdown in pips. White Labels – The LimeFX White Label service is a way for businesses and institutions to add or open FX trading services for new or existing clients.
LimeFX Europe IBS AS is an EU licensed LimeFX brokerage company based in Riga, Latvia, regulated by the Financial and Capital Market Commission of Latvia . The major advantage of the web version is that it runs on all operating systems and requires no downloads. Also, it is always the latest version of the software that needs no updates. JForex website is best supported on modern browsers such as Google Chrome, Safari and Opera. It maintains most of the features of the desktop version except automated trading and the ‘net position’ mode. Before deciding to trade Forex or any other financial instrument, you should carefully consider your LimeFX objectives, level of experience, and risk appetite.
The amount and display of information is confusing and the design is pretty poor as well. Neteller deposits or withdrawals of $40 and below attract a fee of €1 while above $40 is charged at 2.5%. This is a calendar that shows the time for economic events that have impact in the market. These events happen from different countries around the world. You can conveniently filter the economic calendar by impact, country, and currency or you can perform a search.
- The company is currently connected to Bank of America, Commerzbank, Nomura, Barclays, Currenex, Deutsche Bank, JP Morgan, and other liquidity providers.
- The fee may be a fixed fee when you deposit a specific fiat currency to your account.
- Download the Metaquotes MetaTrader 4 Program for free of charge from Apple’s App Store.
- The trading fees comprise commission and spreads that vary depending on the equity deposit and trading volume.
Trading platforms offered include MetaTrader 4 and JForex, which is a trading platform specially designed for automated trading using the JAVA programming language. Currently, it is connected through FIX API to 20 major banks, offering deep liquidity to the markets. LimeFX is a direct access Forex broker based in Switzerland that offer their services mainly to clients who trade large volumes on a regular basis. However, they do accept private traders as long as they are active and are willing to make the minimum $1,000 deposit required for retail accounts. As per our LimeFX reviews, we can say that this broker offers its users many research and educational tools, written content, technical charts, and it is presented in a good format.
LimeFX Bank SA Review 2022
The web version of the Java-based software triggers security warnings in Chrome and other browsers, while JForex mobile versions allow easy syncing between platforms. I’ve been using Dukas for over 5 years, never had any issues with money withdrawal. I haven’t found a broker with the same high level of performance. I have a real account with LimeFX since October 2018 and I really enjoy trading on its flagship platform . I deeply recommand this broker for every one who is looking for a honest and serious broker. In the form that opens, indicate the details of your bank SWIFT, address (can be found on the bank’s website), withdrawal amount, and IBAN of the account to which you withdraw money.
In this case, you have to make sure that your strategy is well suited for the instrument you chose. Besides lots of currency pair, LimeFX also offers some instruments you would like to trade on, such as Forex, Gold & silver and Cryptocurrencies for your best choice. LimeFX is both broker and bank that is why it offers a lot of options and that is an advantage. I appreciate transparent pricing environment here and stable server without any breaks. It allows reacting without delay under various market situations.
Transaction fees may be charged by partner banks that vary depending on the currency, ranging from 1.2% to 2.3%. Minimum deposit amounts also varies depending on the account type, but starts from USD 100 and from USD 1000 . SWFX also allows an opportunity to hedge clients’ trades with other participants in the same network. This opens the possibility of trading high volume in an automated mode.
I think it is always better to combine multiple forms of analysis to draw a more accurate conclusion of what may be happening in the markets. Therefore, it is good to see the broker gives you fundamental analysis in addition to the already very insightful technical analysis. When you combine the both, it can help to make more informed trading decisions. Investors’ deposits are protected by esisuisse; a deposit insurance scheme for Swiss banks. If for whatever reason the bank becomes insolvent, eligible clients’ funds are insured for up to CHF 100,000. LimeFX is a member of the International Swaps and Derivatives Association which is an organisation that promotes high standards and integrity in the derivatives market.
This is an important tool to help a trader make a calculated risk before embarking on trades. If you are in a rush or just not very good at maths, these calculators can be a quick and easy way to help plan your trades. The broker gives you really insightful daily market analysis on different assets. It uses the price action of the selected instrument to try and accurately predict the next price movement. Technical indicators are also used to analyse the charts of the instruments for pending setups.
