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In 2006, it sponsored intra-day Forex trading competition for professional traders and students of Plekhanov Russian University of Economics, one of the first such contests in Russia. In 2011, with 35,5 thousand retail clients LimeFX was 4th largest Forex broker in Russia. The firm, however, lost its competitive edge, moving to the 12th place in 2013 and keeping this position as of 2016 with just 6,5 thousand clients. LimeFX was established in 1998 as an LimeFX consulting firm Financial Intermarket Brokerage On-Line . LimeFX started to offer online brokerage service for currency trading in 2003 adding CFDs in 2004. The cTrader platform is an award-winning trading platform with a professionally designed interface.
The broker offers the standard contact forms for traders who need help or guidelines regarding their account, funding, the market, etc. You can reach the LimeFX support team via e-mail, phone line, live chat, and even fax. The customer support is at your disposal 24 hours a day, 5 days a week. limefx broker reviews If you should have any questions or concerns, just turn to the support team which will kindly help you. The Islamic account of the brokers is the same as the overnight interest-free accounts and is the favorite of many traders. In these types of accounts, traders are exempted from swap payments.
Deposits are generally free and instant, but withdrawals are charged a 0.5% commission and can take up to two days. On the whole, this is an irresponsible move on the part of the broker. Yes, they do not offer a bunch of all sorts of lures like bonuses, promotions and all sorts of million percentages.
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- According to the methods of input and output, their commission and deadlines are decent for every taste.
- Traders are eligible to use master cards, credit cards, debit cards, Neteller, CashU, RegularPay, FasaPay.
For the same money, you can open the MT4 NDD Commission account which offers even more competitive spreads and is suitable for traders who like to use scalping and other strategies. The MT5 and cTrader accounts come with a minimum deposit of $500. Both accounts offer deep liquidity and include some extra features (e.g. account management, etc.). Cyprus became a part of the European Union during the advanced European MiFID derivatives, which further strengthened the CySEC as a leading financial regulator in the European Union. CySEC is now globally recognized as one of the best regulatory authorities in the industry, and clients have been reporting excellent services and safety of funds while dealing with Forex brokers based in Cyprus.
Trading accounts of LimeFX
Account Managers take a portion of the profits generated by the trades. LimeFX offers an account management service to its clients which allows account managers to trade on their behalf. In order to perform this service, bespoke technology or software is required, also known as MAM/PAMM. For traders that trade in large volumes , it is better to open an account denominated in USD at a digital currency bank, especially for trading on assets such as the EUR/USD. This is because when trading a USD quoted currency pair with another currency account, there will be a small conversion fee for every trade made.
The four different types of trading accounts comprise of the following. LimeFX offers tight spreads starting from 0 pips, low commissions, advanced technical solutions and sophisticated platforms. It should be noted that there will be a mark-up on the fixed spread accounts. All trading styles such as scalping, hedging and use of automated trading robots are allowed.
MT4 platform malfunctions cost money
I use automated scalping systems myself, and think the fixed spread accounts are an attractive proposal. However, the spreads aren’t the lowest on this account type but it is worth considering no commission is added on top. DailyLimeFX adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.
- We use dedicated people and clever technology to safeguard our platform.
- These accounts are the mt4 cent account, the mt4 fixed account, the mt4 NDD account, the mt4 NDD no commission account, mt5 NDD account, and the Ctrader NDD account.
- 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.
- If that is your preferred asset class, then they do have transparent trading conditions and are regulated so can be worth consideration.
Each of the valid forex brokers is under the supervision of one of these regulations. LimeFX was a prominent player on the Russian financial market. In 2005, it was one of the first Forex brokers in Russia along with Kalita Finance and Forex Club.
Be careful price deviations are happening, and automated trading are opening fake positions. LimeFX Ltd is regulated by the Financial Services Commission of the British Virgin Islands . LimeFX Holdings Ltd is authorized and regulated by the Cyprus Security and Exchange Commission . The CySEC regulated office operates in accordance with the Markets in Financial instruments Directive of the European Union. As a result, Amarkts broker is the best in terms of Persian support. Therefore, it is recommended to consider the issue of strong support when choosing a broker.
Analysis Material
They also offer mini gas and mini oil, which I have not seen from any of the competitors. They have a convenient multifunctional website, a convenient application, and there are also many services and PAMMs. For registration and verification, everything is fast and without trouble. According to the methods of input and output, their commission and deadlines are decent for every taste.
Payz, PaySafeCard, PerfectMoney, cryptocurrencies, Skrill WebMoney, and bank wire transfers. The MT4, MT5, and cTrader platforms offer advanced charting, analytical tools, market news, and real-time quotes also push notifications. LimeFX is a Safe forex broker, Regulated – CySEC, FCA, MiFID Company – Finotec Trading UK Ltd, To find the more best brokers reviews Listed. Richard has many years of experience in broker research, testing, analysis and reviews. He knows what to look for through years of trading himself with different brokers and listening to the feedback of others.
Among the many features showcased at LimeFX are personalised attention, unique methodologies, powerful trading systems, customisation of reports, loss limits, and LimeFX volumes beginning at $50,000. If you intend to trade in forex, you must know that you need a broker for this. Brokers are actually an intermediary for trading in the forex market. Pay attention to this important point to choose the right broker because brokers are different in terms of how they work.
MetaTrader 5 – this is the upgraded version of MetaTrader 4, and it features all trading functionality in one trading platform. There are extensive analytical opportunities available and 4 order execution types for spot metals, and currency pairs. MT4 NDD No Commission accounts allow for business activity with big-name liquidity providers. The fact that there are no fees and low spreads makes it much more beneficial to trade with this type of MetaTrader 4 account. MT4 Fixed allows for instant execution of trades, and is best for manual trading purposes.
Trading Platforms, Software and Its Features
A no dealing desk broker, FIBOGroup offers market execution, and most trades are executed in under 0.2 seconds. As you can see from the table above, the trading costs on LimeFX’s accounts are around the average seen at other brokers. Most good brokers have an average trading cost of around 9 USD per lot traded. Founded in 1998, LimeFX Holdings is a hybrid ECN/NDD market limefx forex broker maker which has been authorised and regulated by CySEC since 2010 (licence number 118/10). It is also a member of the Investor Compensation Fund , and in the unlikely event of LimeFX’s bankruptcy, the ICF will compensate traders up to a maximum of 20,000 EUR. Hi team is it allowed to get a standard account type if yes, how much I must invest on Standard account.
- When you click on the “open an account” tab on LimeFX’s website, a page opens up asking for nothing but your email address, phone number and tells you to create a password.
- The interface and apps look very similar and the two platforms are user friendly and fully customisable.
- It goes against our guidelines to offer incentives for reviews.
- The final trading cost to consider at LimeFX is the swap rate charged on positions held overnight.
- The broker offers web and mobile trading via the MT4 trading platform.
While trading with LimeFX you are offered to use leverage, or a loan is taken from the broker with a purpose to increase your trading size. Leverage brings vast capabilities and the possibility of higher gains, in case you use tools smartly and do not involve yourself in high risks. For research purposes, just news and economic calendar are available with LimeFX. Such restricted and sparse research sections and unacceptable and dissatisfactory. Research tools and material are incredibly beneficiary and constitute a crucial part of trading.
About the work of the terminal – the spreads are small, the execution is almost perfect, I did not notice requotes. The broker offers web and mobile trading via the MT4 trading platform. We do not understand why the broker relies on conventional technology when many brokers and https://limefx.group/ financial service providers have already moved to the MT5 trading platform. The trading desk is available via Internet or telephone all hours of the day Monday till Saturday . All trading software is free, and they have multiple trading platforms that offer real live trading.