By test September 6, 2021
In late 2017, Global Brokerage filed for Chapter 11 bankruptcy, but LimeFx Group is not involved. Other than the issues with former U.S. clients, LimeFx has not faced any other investigations or issues in recent years. Overall, the platform is recognized for its support of over a dozen languages, ease of use, and strong reputation. Filippo Ucchino is the founder and CEO of the brand InvestinGoal and the owning company 2FC Financial Srl. Filippo Ucchino started his trading career in Forex trading in 2005.
LimeFx Slippage And Execution Speed
Withdrawals are completed via credit or debit cards or bank transfers. The amount you withdraw to a debit/credit card cannot exceed the amount originally deposited. Withdrawals via cards do not have fees, but there is a $40 fee for bank wire withdrawals. This also tends to be the quickest method, taking about 3-5 business days. Card withdrawals may take between 5 business days and a billing cycle. Deposits by debit or credit card typically take 1 business day, although it can be less.
Other trading platforms
However, this Forex broker promotion bonus amount cannot be withdrawn immediately. A major advantage of using the free demo account is that it allows you to understand and get to know how LimeFx works without having to spend any money. If you are new to Forex trading, the free demo account is a great way to get to know more about trading Forex as a beginner. I rank trading costs among the most defining aspects when evaluating a Forex broker, as they directly impact profitability. To save your time, if you’re looking for ETFs, Stock, commodities, Futures, Options or a wide variety of cryptocurrencies, you’ll find LimeFx’s offering quite limited.
Commissions and fees
The most loved feature in this area is how the buy / sell prices are displayed at the top of the page with the spread right in the middle. Additionally, their charting tools are extremely fast, smooth and responsive. LimeFx is uniquely positioned with this product in the fact that they can https://limefx.name/ actually function as a liquidity provider for other equities including brokers. Overall, this is a very respected service in the industry and it is commendable of LimeFx to offer this additional service free of charge. Tradingview is a third party software which is available through LimeFx.
LimeFx Standard Account
This is a minimal offer for the customer, so there will be no problem if you do not comply. On this page, you will learn about the LimeFx minimum deposit, payment methods, and conditions. With LimeFx spreads and commissions, the broker only offers floating spreads, so fixed spread trading is not available here.
A bank wire deposit can take 1 or 2 business days for domestic transfers and 3-5 business days for international ones. The minimum deposit for debit/credit cards is $50, with a maximum of $10,000 per transaction or up to $20,000 per calendar month. LimeFx dates back to 1999, making it one of the earliest forex brokers. Despite originally opening in the U.S., LimeFx is not currently available to U.S. clients, although it is available in a range of other markets worldwide. Since 2015, Leucadia has been the majority economic owner of the broker, adding to the platform’s scale.
- Automated trading solutions often require a VPS service to operate effectively around the clock.
- An LimeFx inactivity fee is charged, however this only happens after a period of 12 months with no client-initiated activity.
- Here you can experience exactly what it is like to trade live but without any of the risk.
Step 2) Click on ‘Deposits’ on the account summary and choose your preferred deposit method. We also use different external services like Google Webfonts, Google Maps, and external Video providers. 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. Click here to go deeper on the LimeFx account types guide in case you want to find more on the topic. The following step is for the applicant to complete a selection of general information, including their preferred account option.
The following table summarizes the different investment products available to LimeFx clients. LimeFx is one of the most popular brokers for minimum deposits online. If you are thinking of maximizing profits, you can create an account with this broker and make a deposit.
59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Traders must deposit into their LimeFx trading account before using it. While the LimeFx minimum deposit requirement is only $50, it optimally requires a larger deposit to be able to trade effectively. Therefore, traders should consider higher deposits and plan additional ones until their portfolio grows to support an income that warrants the investment of time and capital.
On the more traditional trading side, LimeFx allows both scalping, and hedging, and of course, you can open a spread betting account if you are trading under the UK entity of the company. Such tools include a range of additional APIs like Rest API, Java API, and FIX API, as well as limefx review ForexConnect, all aimed at improving your algo-trading experience. Crypto trading at LimeFx is also available with 7 crypto assets up for trading. These include 1 cryptocurrency index, and 6 cryptos in the form of Bitcoin, Ethereum, Litecoin, Stellar, Ripple, and Bitcoin Cash.
LimeFx also offer AUD, CHF and more base currencies, however, this depends on the LimeFx entity you register with. Here is a closer look at exactly what the broker makes available in this respect. When it comes to LimeFx awards, they have won more than 25 over the years.
As a trader, you want pricing certainty and execution certainty. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. These are all best for advanced traders due to the limited information available on their use. Whenever it comes to an online brokerage platform, traders and investors are concerned with its safety and legality.
There is no compulsory minimum withdrawal amount, and it takes about 1-2 business days for you the funds to arrive your bank account. Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms. He is an expert in Compliance and Security Policies for consumer protection in this sector. Filippo’s goal with InvestinGoal is to bring clarity to the world of providers and financial product offerings. Education exists via free online forex trading courses, webinars hosted by LimeFx Senior Market Specialist Russel Shor, and written content with exceptional quality. The Trading Guides provide more detailed educational content, and new traders get considerable material to deepen their knowledge base.
This means you can use bank wire transfers, credit/debit cards that are Visa or MasterCard, Union Pay, and eWallets in the form of Neteller or Skrill. Withdrawals may take up to 48 hours to complete and again there is a withdrawal tutorial video available if you encounter problems. Further to having some of the best regulatory oversight in the industry, LimeFx’s regulated entities also make a number of other considerations to help protect you as a trader. This protection means that you are unable to lose more than the money available on their account.
Before making the LimeFx minimum deposit, traders should consider the pros and cons of LimeFx. They should evaluate the trustworthiness of the broker and the security of funds. LimeFx offers one of the best selections of platforms for traders to choose from. Its flagship platform, Trading Station, is available as a web, desktop, or mobile platform, or you can use MetaTrader 4, NinjaTrader, or ZuluTrade. Trading Station is an LimeFx proprietary platform and therefore not used by other brokers. If you are an LimeFx broker user, you should know about the commission and free of this account.