LimeFX Minimum Deposit: A Guide to Choosing the Right Account in 2023 The Most Reliable Forex Trading Educational site

After the form is filled with personal details and the 2 documents verified, you can use the demo account. The identity and address supporting government-issued documents are actually required for opening the LimeFX account. They send the login details to access your account after that and you can reach the demo account.

• Its fundamental analysis consists of daily news on significant political and economic events that impact the world markets.
• Additional payment systems to deposit or withdraw money include QIWI, M-Pesa, Boleto Bancario, Africa Mobile Money, and AdvCash.
• Additionally, its Indian clients will be trading under the LimeFX subsidiary registered in Saint Vincent and the Grenadines, which provides virtually no regulatory oversight.
• LimeFX Investments Limited, on the other hand, is an established global CFD and forex broker.
• Apart from the high trading costs, other drawbacks are that LimeFX charges high withdrawal fees.

As of 2020, LimeFX has over 500,000 clients who trade with the broker actively daily. The company is headquartered in the Marshall Islands and has been operating from there. The LimeFX group also holds its branch offices in Kenya, Tanzania, Myanmar, Nicaragua, Indonesia, India, Ghana, Iran, Vietnam, Nigeria, and the Philippines. It’s evident that

the brokerage takes the success of their clients very seriously as they do

everything in their power to help their traders succeed.

Does LimeFX Charge Demo Account Opening Fee?

LimeFX does not charge fees for deposits, and as a bonus, it covers deposit fees imposed by the provider. Overall, the account opening process at LimeFX is similar to other international brokers. Like other brokers, LimeFX requires customers to submit their KYC (Know Your Customer) documentation in order to open an account. It maintains regulation from the Cyprus Securities and Exchange Commission (CYSEC), and is registered in the Marshall Islands and Saint Vincent and the Grenadines. It is important to note that the information provided in this review may be subject to change due to the constant updating of the company’s services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then.

It starts with opening a new LimeFX account and making a minimum deposit to select a trading account type. To open a trading account, users need to fill up an online registration form available on the company’s website. A KYC-based verification is conducted online, which activates the account. For clients in some countries, the verification period may extend to 5 days. However, traders should note that LimeFX’s trading costs are higher than other similar brokers.

Forex Brokers in Canada

The LimeFX minimum deposit requirement is just one of several important factors to consider when choosing a trading account with LimeFX. Consider the deposit methods available, the account types offered, and the trading conditions, to determine which account type is right for you. As a registered financial service provider, LimeFX Investments Limited offers a plethora of tools and brokerages to its clients. It facilitates their successful trading with an exclusive economic calendar tailor-made to meet the goals of the clients. It runs an updated news blog on the world market to notify every risk warning to its clients. It has a margin calculator and a Fibonacci calculator for executing accurate trades.

LimeFX offers two account types, which is average when compared to other brokers, and the accounts are more suitable for beginners than experienced traders. LimeFX offers both MT4 and MT5 trading platforms, which are widely recognized and trusted by traders in the industry. These platforms provide a user-friendly interface and a wide range of features and tools, making it easy for traders to analyze and execute trades.

LimeFX caters to beginner traders by

providing them with extensive educational material in their comprehensive

education centre. Traders have access to a Forex glossary, eBooks, tutorials,

trading strategies, trading indicators, and a blog with loads of helpful

information. In addition to the educational resources, traders also have access

to an economic calendar, analytics, various financial calculators, economic

news, and currency rates. All in all, traders at LimeFX are given everything

they need to succeed. The materials are prepared by the well-known independent analytical agency Claws&Horns, which has established itself as a professional in the area of market analysis. Open an account with LimeFX and gain access to quality analysis for free.

Best CySEC Forex Brokers

Compared to other brokers, the minimum deposit amount that LimeFX requires when traders register a live account is low. LimeFX offers traders various payment or deposit methods that can be used when funding accounts. Withdrawals usually must be returned by limefx courses scam the same method used to deposit and to the same bank account. When considering the trading conditions at LimeFX, it’s important to consider the leverage offered, the spreads available, the range of trading instruments, and the trading platform and tools.

Overall, trading costs at LimeFX are higher than average on both account options. LimeFX also insures all client money through the Investor Compensation Fund (ICF). The objective of the ICF is to secure any claims of covered clients against members of the ICF by paying its clients compensation in the event that the company is liquidated. However, under the current regulatory environment, British traders will not benefit from this compensation. The online platform designed by LiteFinance is a one-stop trading system that provides a trader with all necessary tools and does not require installing.

Deposits and Withdrawals

To support its clients, the technical assistance of these trading platforms is available online. These platforms can be used 24/7 and are free to use in every country in the world. The support staff is unable to deliver timely results under such conditions. If clients consider trading stocks at the weekends, then there is no customer service at their disposal. As a result, their profit margins get lowered, and the trade profitability reduces by being active only on weekdays. Changes in the standard trade hours are immediately reflected in the broker’s services.

LimeFX features a live demo account for traders

to practice on and awards new traders with a bonus up to 50% for depositing

funds. LimeFX

is a large and established online trading brokerage who serves the

international markets by accepting traders from around the world and offering

their services in over 10 languages. The brokerage specializes in https://limefx.club/ the trading

of forex and has been providing reliable and innovative forex trading services

since their establishment in 2005. LimeFX utilizes ECN trading technology while also

supporting social trading and facilitating copy trading. The brokerage cares

deeply about their clients and makes it easy for every type of trader to get

started with them.

However, LimeFX does not offer e-wallet options, which is a popular payment method among traders, and the information on withdrawal processing times is limited. Additionally, local bank transfer is not available in some countries. Overall, LimeFX is a dependable, CySEC-regulated broker with two low-deposit accounts that are suited more to beginners than experienced traders on the MT4 and MT5 platforms. According to the client reviews, LimeFX clients can top up their funds directly into their accounts using their credit cards or debit cards.

Can I make automatic withdrawals from LiteFinance?

However, some charges are applicable on every withdrawal, depending on the provider. It is important to note that clients cannot use PayPal for the withdrawal of money from their LimeFX account. The reviews revealed that LimeFX makes money from the fees included in the spread. Each spread has a specific fee assigned to it based on the account and the asset being traded. The Classic account holders get charged with a spread-based fee while the ECN account holders get charged based on commission. LimeFX’s spreads are quite competitive, but some major forex pairs get a spread of 2 pips, which is considerably high.