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The company provides 24/7 WhatsApp chat and email help, but there’s no phone number for sales inquiries. Plus500 also offers a Trading Academy, market news, and risk management resources. ForexTime has instituted a $10 minimum deposit requirement for new users on cent accounts. The company works to improve its users’ trading circumstances. For people who desire to make money without being a professional trader, LimeFx provides a transaction copying service.
Also, the broker has fully embraced cryptocurrencies, offering at least 10 of the most-traded coins. These cryptos are paired with top fiat currencies such as the USD and JPY. Be empowered to trade CFDs on FX, Stocks, Commodities, Crypto, Indices & Options. Get advanced tools, personalised support, uncompromising security.
E-wallet like Skrill and Neteller take up to 24 hours and have a minimum withdrawal amount of $10 and $4 respectively. The guardian angel feature will give you the best trading feedback. We would like to inform you that LimeFx have recently acquired an unprecedented number of new clients. As a result, your account verification process may take longer than usual. Before that I tried other companies, but all the time I faced some troubles. At least I had already withdrawn money here and I saw that the money came to my card the same day.
AvaProtect gives trader peace-of-mind, knowing their trades are protected against sudden, adverse market movements. However, in this case the simplicity does come with a compromise on functionality. Many brokers offer a greater depth of products to trades in each asset class, though there are only a handful of brokers that offer more products across all these asset classes. In this sense, LimeFx can be said to offer a wide choice across the major asset classes, but not to as significant a depth of some of their counterparts. Check how much leverage the broker offers as you need leverage to open larger positions with small capital.
Contacts of LimeFx
XM is considered are moderate risk forex broker because of their lower regulations compared to other CFD brokers, but they are a large broker in terms of trading volume. XM customer support is available 24/7 via live chat and email. They also have a help center page where you can find answers to some of your questions. HFM is a regulated with FSCA, and they have low trading fees with Zero Account.
Forex pairs aside, LimeFx offers traders access to 1260 CFDs while LimeFx has 440 available CFDs, a difference of 820. There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Yes, your money is as safe with LimeFx as it would be with any online broker that is globally regulated in top-tier jurisdictions and authorized to hold its client’s funds. LimeFx is trusted by over 400,000 customers with millions of dollars in deposits.
The Forex pairs are divided into three main groups – majors, minors and exotic pairs. The main difference between the pairs is their liquidity which is a result of the trading volume of these pair. E.g., the major currency pairs are the most traded pairs and each include the USD and another currency, while the most traded https://limefx.club/ minor pairs include one of the three major non-USD currencies . When trading Forex, you are buying one currency by using another. Therefore, the forex trader is trading currency pairs and not each currency individually. Take for example the EURUSD, when buying the pair – it means you are buying EUR using USD.
Web trading platform
LimeFx is a multi regulated forex broker that is considered low risk. Their trading fees is also low with most account types, and the trading conditions are okay. LimeFx offers various deposit and withdrawal options, all of which are free of charge. It also has diverse and user-friendly research and education tools. On the flip side, the product portfolio is limited as it consists only of forex, various CFDs (for stocks, indexes, commodities, etc.) and cryptos.
- A robo-advisor that maintains a diversified portfolio of stocks and bonds may be the ideal alternative if you seek an automated LimeFx option.
- BrokerChooser does not provide LimeFx or any other advice, for further information please read our General Terms and Conditions.
- We have taken an unbiased approach to create this on best Forex brokers in South Africa taking all important factors into consideration.
- This broker provides trading in bond futures and individual stocks of corporations with headquarters in the US and Europe for investors interested in those markets.
- Plus500’s mobile and desktop software includes all features, allowing for charting with technical indicators and deposits/withdrawals via the app.
Traders can consult the broker ratings created by the analysts at Traders Union when choosing a firm to trade with on the stock market, in binary options, or on the foreign exchange market. Being a CFD broker, LimeFx does not support trading in actual equities. In addition, it only permits trading in the CFD version of such limefx scam products, not the possibility to buy ETFs or other LimeFx funds. Unlike other account types, transactions in a Micro account are executed instantly. The broker’s support staff is renowned for responding to traders’ questions promptly. Commodity, cryptocurrency, ETF, stock, and stock index markets are some assets.
Access to various LimeFx vehicles is beneficial since it promotes diversification and reduces risk. Instead of picking the platform with the most alternatives, choosing one that provides investing options that support your LimeFx strategy is critical. The best platform for you will depend significantly on your trading history. It is advisable for beginners to use platforms that offer fundamental instructional materials, quick customer service, and allow paper trading as practice before actual trading.
Forex Rates
The software is downloaded from the broker’s website, installed on the trader’s computer, and used to manage transactions. The platform’s ability to give you rapid access to your money after you deposit it—or the requirement that you wait for the deposit to clear—is another crucial thing to consider. By assessing many areas of businesses, including their trading circumstances, dependability, customer service, and technical assistance, Traders Union makes sure that the ratings are impartial and accurate. Holders of an Active Trader Account can take use of specialized account managers, separate customer accounts, sophisticated reporting, VPS hosting services, and personalized solutions. Also, LimeFx will assess a tiny amount of interest on any open positions at the end of the day. With the well-known third-party programs MetaTrader 4 and MetaTrader 5, LimeFx provides a straightforward online broker for trading using a browser.
You can easily see your profit-loss balance and the commissions you paid. However, the platform feels outdated and some features are hard to find. For example, it took us a while to figure out how to add an asset to the watchlist. To get a better understanding of these terms, read this overview of order types.
To have a clear overview of LimeFx, let’s start with the trading fees. We wish to highlight we could not identify a registration based on your username; therefore we sincerely ask that you to contact us via Live Chat from our website or cs@LimeFx.com quoting with more details please. We look forward to hearing from you and find out more how we can give you better experience.
LimeFx uses the best and advanced trading platforms that enable you to execute your trades efficiently. The trading platforms are the MetaTrader 4 platform, the automated trading platform, the mobile platform, and the web trading platform. LimeFx provides traders 55 currency pairs (e.g., EUR/USD) compared to LimeFx’s 41 available pairs.
2030 Forex Trading Platform Market Growth Strategies and Insights
For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates. Deposits and withdrawals are free, but inactivity fees are quite high. Also, look for platforms that include various customer support services, such as a help center with commonly asked questions, in case any problems arise. The Traders Union team regularly performs research, updating and establishing new broker profiles.
They also look at the testimonials left by brokers’ clients on the TU website. The portal also provides reviews of bitcoin exchanges, digital banks, and payment methods. Also, the Traders Union provides free legal assistance in resolving disputes between clients and brokerage firms to its members who sign up with a broker through their referral link. The site also offers a user-friendly app, with a rating of roughly 4.5 on Google Play and the Apple App Store, for Android and iOS smartphones and tablets.
Customer support is available 24/5 via live chat, email, and call. Deposits and withdrawals are easy to execute and are compliant with a host of channels such as bank transfer debit and credit cards among others. Accepted channels include Visa, MasterCard, Neteller, skrill among many others and withdrawals will cost a little amount with no charges at all for deposits.
You can use a lot of deposit and withdrawal options, all free of charge. We also liked that you can use many user-friendly tools for research. LimeFx is packed with lots of quality materials to educate yourself, and also offers a demo account.
