As Sharia law prohibits the accumulation of interest, traders with Islamic accounts do not pay or receive interest rates. A legit broker will never try to make you wait by holding withdrawals for no reason. It is the duty of the broker to facilitate all the resources to carry out trading operations without any issue. If there are complaints about withdrawal issues then you need to investigate the problem. This is because some brokers do not have the capacity to facilitate withdrawals quickly.
The larger the bonus chosen, the higher the trading turnover required. The bonus takes the form of a credit that allows a larger trade volume. Once trading has been taking place for 3 months, a trading turnover will be apparent, and for each trade, part of the spread commission is given back. The bonus cannot be used until the Forex trading target has been reached.
Trading Platforms, Software, and its Features
Both app download links can be found in the Google PlayStore or Apple AppStore. 79% of retail investor accounts lose money when trading CFDs with this provider. We have included a list of some of the most common funding options that LimeFX provides to its traders. LimeFX is a global forex & CFD brokerage company https://limefx.club/ set up in 2007, and currently based in the British Virgin Islands where it is regulated by the BVI Financial Services Commission . Advanced traders are adopting MetaTrader 5, the multi-award-winning Forex&CFD platform MetaTrader 5. Because it integrates with other exchanges, it has more features and better execution.
For customer support via telephone in other languages consult the website. Potential traders need to be assured that the broker company they chose can offer the necessary support and help whenever they may need it. LimeFX strictly prohibits third-party payments and the account from which deposits are made and to which withdrawals will be made must be registered in the same name as that of the trading account.
Mobile, Web, PC and Mac functionality makes it especially easy to enjoy trading services. This forex brokerage has its headquarters in the British Virgin Islands, and with a rich history spanning 11+ years, clients are assured of credible trading with dynamic trading platforms. In 2013, Forex 4 You launched its social trading platform known as Share 4 You. This limefx cheating groundbreaking development allowed anyone to enjoy the benefits of social trading services. Fast forward to 2016, Forex 4 You announced the launch of its liquidity aggregator and order execution technology known as MarketPlace. In 2017, the company expanded across Asia with new offices in Vietnam and Thailand, and the Share 4 You orders topped 50 million.
The source of this information is the website and the broker’s trading platform listed in the Web section of this review. The operator of this website does not verify this information and is not responsible for its accuracy, completeness, timeliness, truthfulness or the compliance of a broker with legal regulations. Please verify whether the broker is authorized to provide its services in your country of residence in accordance with the legal regulations that apply to its business. When it comes to funding methods, choices are a bit more limited with LimeFX than with many other brokers. However, the broker still accepts most standard methods, such as bank transfer, credit & debit cards, as well as the e-wallet platforms Skrill, Neteller, and WebMoney. Unfortunately, however, crypto deposits are not accepted by this broker.
The support, payment options and additional options (raw materials, CFD, etc.), are all arguments for registering at LimeFX. However, the broker is regulated by the BVI FSC which does not provide as strong protection to traders as 1st tier regulatory bodies . Considering that there are hundreds of brokers with stronger regulation and quite highly possibly with better trading conditions too, it makes little to no sense to trade with LimeFX.
Spread & Commission
The Autochartist MT4 plugin upgrades the MT4 trading experience.
- Access to the liquidity pool – this allows traders to view the available liquidity amount on prices that are provided by a variety of liquidity providers.
- LimeFX derives most of its revenues from spreads and commissions.
- Understand the trading resources available with LimeFX, freetrade & LimeFX below.
LimeFX like most brokers, charges a fee based on the spread, or the difference between the bid and ask price of an instrument. LimeFX puts all client funds in a segregated bank account and uses tier-1 banks for this. LimeFX has been established since 2007, and has a head office in the British Virgin Islands. LimeFX is a forex broker located in the British Virgin Islands, regulated by the BVI Financial Services Commission . LimeFX requires you to deposit $1 in order to open a Dealing Desk Account.
Because there is a lot of money moving around the world, LimeFX has to be careful that they don’t breach any money laundering laws and part of that is know as KYC . This means that at all times, LimeFX must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law. In general, LimeFX does not charge high fees in comparison to other online brokers. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a smaller amount.
The success of its approach is evident in the displayed growth, as audited by KPMG. The education material available is both vast and informative with videos and articles suitable for beginner and advanced traders. The content is regularly updated, and clients also have the choice of attending in-person seminars across LimeFX’s various partners and country offices around the world.
Somehow, remember that different instrument has different trading conditions. 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, Oil, Stocks, Futures and Indexes for your best choice.
During high activity, orders open perfectly and do not close (waiting for a response from the server, as a result, a wild slippage and you’re in the wild minus). Terms of deposit and withdrawal of money with huge commissions. You can only trade using scripts or advisors that do not transfer stops and takes to the broker.
- Kiran, please specify do you have already account with our company.
- Reprint of the materials is available only with the permission of the editorial staff.
- With the flexible broker LimeFX I am trading in Forex market since 2 years.
- The FAQ section answers the most common questions, and many traders may not require assistance at this well-managed broker, as it explains trading aspects properly.
- Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.
In accordance with the organization’s privacy regulations, customer information is to not be shared with any other institutions or individuals. Over the past 2 years, LimeFX has become one of the top online brokers available to the public. This LimeFX review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about LimeFX to give you the most comprehensive guide available. Your funds are at risk of getting trapped with this broker, poor support too. Scammers, they will do their best to frustrate clients,once you make a deposit you won’t be able to withdraw your money.
The commodity pairs, or commodity currencies, are those forex currency pairs from countries with large amounts of commodity reserves. Traders and investors looking to gain exposure to commodity price fluctuations often take positions in commodity currency pairs as a proxy LimeFX to buying commodities. Well, there are bad brokers out there that simply want your broker funds for themselves. Your funds can get stolen if you don’t know how to prevent them from happening at all times. Before deciding to trade Forex or any other financial instrument, you should carefully consider your LimeFX objectives, level of experience, and risk appetite. Forex is a high-risk trading instrument which is not suited for all traders and investors.
Moreover, since 1 August 2018 The European Securities and Markets Authority has placed investor protection measures on the marketing, distribution, or sale of CFDs to retail clients. The bonus is just a reward for the trader’s choice that gives some of these expenses back to the trader, once proving himself as an active trader. LimeFX cater to beginner, professional and advanced traders. Comparebrokers.co needs to review the security of your connection before proceeding.
Classic & PRO STP accounts are suitable for traders with real-life experience and confidence in their trading style, or have Expert Advisors which are ready to be deployed in the live environment. LimeFX is a British Virgin Islands-registered company, regulated by the FSC. They offer access to over 150 limefx forex broker markets on Forex, indices, commodities, and stocks through their proprietary trading platform and MetaTrader 4. An Islamic Forex account is a halal trading account that is offered to clients who respect the Quran and wish to invest in the Islamic stock market following the principles of Islamic finance.
The ultra-small trading volume has been infamous for traders who want to trade in a real account with very minimal risk. However, the numbers of broker offering Cent features are gradually lessening as retail traders seem to keen on taking more risks. Yet, LimeFX maintains their Cent Account offering, not only in one type but in two types of execution so beginners can make their own choice on spread over commission or otherwise. LimeFX offers the MetaTrader 4 foreign exchange trading top platform. LimeFX.com offers over 35 currency pairs, gold, silver, cfds, bitcoin and other cryptocurrencies for your personal LimeFX and trading options. Deposits are waived for some payment methods, LimeFX offers a selection of popular payment methods such as Debit/Credit card, and e-Wallets such as Neteller, Skrill and Webmoney.