Accepted Deposit Currencies for Your Trading Account

22 Nov Accepted Deposit Currencies for Your Trading Account

You have your watchlists, indicators, and other tools on the left side of the window, a chart screen on the right, and account info at the bottom. Round-turn means that half of the commission ($9 in the first case and $5 in the second) is charged when a position is opened, and the other half is then charged when the position is closed. The values listed below are for one full contract (100,000 units) of the base currency. From the client portal, navigate to “Transactions”, select ‘withdraw’ and follow the instructions. The company’s past and present sponsorships with global brands, such as the Korean diving team and sailing athlete Marilena Makri, have set it apart from other brokers.

Is LimeFx regulated?

To delete your LimeFx account, you would typically need to contact their customer support or follow the account closure procedure outlined in their terms and conditions. When evaluating LimeFx’s offerings and investments, one can observe a diverse range of 425 CFDs spanning various asset classes, including equities, ETFs, commodities, metals, forex, and cryptocurrencies. The LimeFx website is available in many different languages, while the MT4 platform can be opened in even more, which makes it suitable for traders from all over the world. When registering their account, LimeFx can opt for the following languages – English, German, Spanish, French, Italian, Portuguese, Polish, Russian, Japanese, Arabic, Korean, and Chinese. LimeFx gives its clients great exposure to global markets and industry-leading companies from the United States, Europe, the United Kingdom, and more.

How to get started with a forex broker

Through exceeding client’s expectations and setting the bar so high, the broker has been rewarded with numerous awards for their innovative and advanced trading platforms. If you partner with a broker that charges high fees, most likely the fees will significantly reduce any of your profits. So, do your research and consider all the pros and cons of your top favorite brokers, before settling for one.

What did our traders think after reviewing the key criteria?

At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. LimeFx offers an outstanding collection of educational materials, including developed in-house eBooks, trading courses, webinars, seminars, market analyses, and more. It also incorporates the sophisticated TradingCentral service, which is a comprehensive market research tool. I checked LimeFx’s multiple educational materials and found them highly practical.

Overall, LimeFx’s tools are severely limited and its VPS service requires a high minimum deposit. LimeFx’s trading tools are limited compared to what’s available at other brokers. Overall, LimeFx’s non-trading fees are high when compared to other brokers. Clients can also download MT4 Advanced, which comes equipped with front-end terminals and back-office reporting functions, as well as automated strategies and the ability to use Expert Advisors (EA). EAs are automated trading bots, which can be customized by the trader and used for robot trading based on preset rules and conditions.

1. LimeFx allows accounts to be denominated in 13 different base currencies, depending on the account chosen.
2. I also love how cost-effective this platform is, the broker has beginners in mind.
3. The platform also supports one-click trading, which allows traders to execute orders fairly quickly.
4. Payments typically take up to 24 hours, though wire transfers may take up to five business days.
5. The method you used for depositing funds is also generally the same one used for withdrawals of profits and any remaining account balance.
6. On the other hand, LimeFx or its parent company are not traded as a public company.

Traders need to ensure that they understand their risk exposure and determine whether the risk involved is suited to them before making trading decisions that could result in loss of capital. Trading with LimeFx will involve fees from $100 USD, spreads from 1.6 pips, and commission-free trading depending on the account traders select. Yes, LimeFx does offer a free demo trading account for beginners to practice forex trading.

Join more than 1.2 million clients by signing up and registering for an account with LimeFx. Yes, LimeFx is regulated by reputable financial authorities including CySEC, the FSC of Mauritius, and previously the FCA of the UK. In assessing LimeFx’s safety and regulatory framework, it is crucial to consider the extent of its authorization by Tier-1 regulators and the implications of its regulatory status on client protection. LimeFx is authorized by one Tier-1 regulator, providing a level of regulatory compliance. The firm operates under EU regulations through the MiFID passporting system, enhancing investor protection. Overall, LimeFx has proven to be a reliable and trustworthy brokerage firm, providing a secure and user-friendly trading experience.

It lets you execute CFD and forex trades easily, which then get reflected automatically on other platforms. Also offers zero-commission trading for UK residents with fairly competitive dealing spreads that can either be fixed or variable, depending limefx broker reviews on the account type you select. The Absolute Zero Account is an STP account and has no commissions on trades. The minimum deposit required for this account is $500 and once again, clients can register SD, EUR or JPY as their base currency.

A much faster alternative is to make a deposit through a digital wallet. Digital wallets or e-wallets are fast, secure, and convenient methods to send and receive electronic payments. LimeFx accepts several different e-wallets such as the widely popular Neteller and Skrill, as well as FasaPay, a Malaysian e-wallet that is accepted by various FX brokers. In addition, the broker accepts several instant banking transfer services, which are available locally – Union Pay for Chinese customers, DotPay for Polish traders, etc. The other alternative is to use the Personal Multi Account Manager (PMAM) but it is available only to professional traders and money managers. The platform allows clients to manage unlimited accounts but as we have said, it is designed for professional traders only.

Traders can use the free MT4 download to install the platform on desktop devices, including Mac. Overall, LimeFx can be summarised as a trustworthy and regulated broker that is authorized and regulated by the Financial Sector Conduct Authority. Yes, LimeFx does accept Muslim Traders and offers Islamic Account Options. LimeFx can be contacted on local toll-free phone numbers, live chat, and email. With a long history of responsible behaviour, some of the strongest international regulation, we consider LimeFx to be a safe broker to trade with.

The Financial Sector Conduct Authority (FSCA) is a financial institutions market conduct regulator in South Africa. Compare LimeFx with the top 3 similar brokers that accept traders from your location. Withdrawal times vary depending on the banking provider but range https://limefx.group/ from the same day to 10 days. Mobile users benefit from total trade management without having to sacrifice functionality. The mobile offering also comes with the LimeFx Research app which gives users an overview of the financial markets and major news events.

LimeFx provides a generous range of 500+ trading products from various asset classes such as forex, CFDs, stocks, indices, and commodities. However, the broker lacks other asset classes such as cryptocurrencies, options, bonds, and ETFs. If you are looking to trade any of those instruments, then you may want to consider AvaTrade as an alternative broker. You will find that they have an excellent variety of convenient deposit and withdrawal methods to meet everyone’s needs. Some clients may find the online payment processors more convenient and faster.

To put bluntly you have done your money and when you complain you get a call no it can’t be stopped but if you deposit some you may get a profit. The primary difference between live floating/live fixed trading accounts and the ECN/STP model is market execution. Real accounts use instant execution with re-quotes, whereas STP/ECN accounts use market execution, so no re-quotes are involved.