It is a high degree of risk to trade securities and derivatives. You should be aware of the risk before you start trading. Brokerschecked.com does not provide any investment advice. Some data in the reviews are verified but data can vary from time to time. Yes, according to this review X-Trade Brokers delivers good broker services, is secure, provides online support, and offers trade with several cryptocurrencies. Risk Warning – Between 74-89% of retail investor accounts lose money when trading CFDs.
To open a Forex Trading account with X-Trade Brokers, a trader should follow the steps below. The broker has several identity theft and credit card safeguards in place, and the website also uses True-Site identity assurance and complies with AICPA WebTrust assurance standards. ECN – An introduction to ECN and why ECN is a great tool for traders.
All of which makes buying bitcoin and other cryptocurrencies relatively easy for a newbie to the market. Withdrawals follow the same route as deposits and as long as AML documents are in place, withdrawals are easy. You should consider whether you can afford to take the high risk of losing your money. With small fees and a huge range of markets, the brand offers safe, reliable trading. Open an account or log in to receive full access to the news section.
LimeFX has its own very unique and proprietary platform to assist their clients in their transaction needs. This particular platform can be used in a browser or as a mobile app, similar to other broker firms like FXCM and Plus500. The platform guarantees a friendly user experience for traders. It has a one click access to the user’s assets and asset options, current open positions, historical record and data and the various tools one needs to trade. Everything is secured by the latest servers, so everyone is ensured that their personal information and trading history remains private. LimeFX believes in providing an easy solution and a friendly environment for all traders.
Find A Broker:
Your review will be checked by a moderator and published on this page. The trading process is quite smooth and I don’t have problems with withdrawing funds. It came from the same location in Israel used by LimeFX’s representative to the FPA. We hope you found our review of the LimeFX brokerage firm useful. If after reading this LimeFX review, LimeFX does not fulfill your needs check out these LimeFX Alternatives. You can trade a wide variety of instruments with LimeFX over 50 instruments infact.
- The fixed-spreads at LimeFX are the highest in the industry.
- The software is licensed to foreign exchange brokers who provide the software to their clients.
- It does not levy internal costs for deposits and withdrawals, but third-party charges apply.
- After agreeing with the terms and conditions, you can submit the request to open the account.
Accounts can be opened in several currencies including the US and Canadian dollar, Yen, Euros and Swiss Francs. LimeFX grants the clients multiple promotions to enhance the trading experience. New clients can benefit from the unique welcome package. It consists of the deposit bonus up to $6,000, $50 cash bonus for phone & account verification and also protects the first trade from losses with $120 cashback promo.
Plus500 is an online trading software available for Windows that allows users to trade online right from their Personal computers. Looking beyond Forex’s impressive share of X Trade’s assets, there are over one hundred additional choices. Each choice has its own minimum margin requirement and bid/ask spread dynamic, making trading very individualized and unique. LimeFX preserves simplicity in terms of account options. Traders are not overloaded with multiple account packages, but instead can only choose between Real and Demo.
Yes, the X-Trade Brokers Traders Dashboard gives traders an overview of current market events and updates on the latest news from the currency markets. Yes, X-Trade Brokers publishes a free news blog on its official website. This X-Trade Brokers official news blog provides updated global financial news as well as daily analysis videos that assist users to analyse important market events which may impact their trades. Client accounts are opened under the Investor Compensation Fund , which covers traders up to €20 000, should the broker be unable to pay out earnings.
Whilst there are many brokers that lack innovation, LimeFX shows an absolutely new way to trade the markets. The company was founded in 2010 and it has grown tremendously since then. When preparing our review, we found out that LimeFX is officially regulated by CySEC, MiFID, ASIC, IFSC and FSB. In addition, the website provides a lot of open info in the “About Us” section. We have also learned that LimeFX headquarters is located in Limassol, Cyprus. Considering all this, it is possible to conclude that LimeFX can be trusted.
LimeFX Trading Platform Options
As for the trading platform, it is really convenient and fast software. I have checked several times on the websites of independent quote providers. For more than 10 years, LimeFX has helped clients make trade payments, access liquidity, and manage risk.
If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. LimeFX has been facilitating trade on the financial markets for over 18 years. LimeFX offers clients Forex trading, and CFDs trading. All funds deposited to LimeFX are held in segregated tier 1 bank accounts for security.
Be aware that different entities under the LimeFX Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client. Additionally, the trading instruments offered limefx review by LimeFX may vary depending on the trading platform you choose to trade with. If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.
If a clients trading account does not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due. We have checked and LimeFX is regulated and supervised by reputable organisations. You are able to check every LimeFX supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with LimeFX. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client’s investment in the event the broker becomes insolvent. Try creating two accounts when you are working with LimeFX.
Does LimeFX Offer A Demo Account?
So, all client funds are separate from the broker’s assets. It is, therefore, safe to assume that LimeFX ensures comprehensive security and guards your money against any possible theft. It also has an efficient and hassle-free withdrawal process, so anytime you are unsure about continuing, you can leave.
You should also note that an account has to be properly verified before any withdrawals can be made. Risk Warning – Trading CFDS, FX and Cryptocurrencies involves a high degree of risk. You should consider whether you can afford to take the risk of losing your money. Phone support is responsive but the chat experience is a bit more erratic. It isn’t uncommon, for example, for live chat requests to be redirected to an email form instead. A phone number is easily available on xStation 5 and chat support can be launched from the trading platform, which is very convenient.
I spent about a week and decided to open a demo account with one of the many brokers, and then a real account. At the moment I only tried myself in commodities trading. LimeFX offers swing trading strategies first-rate bonuses and incentives for traders and nearly one hundred asset choices, each with its own Bid/Ask spread dynamics, minimum margin requirement, and leverage amounts.
LimeFX fee structure is all built into variable standard spread, and is discounted for higher account types. Forex currency pairs are traded also like Contract for Difference and including major, minor and exotic pairs. Previously LimeFX has Cyprus CySEC and FSCA regulated entities in South Africa that provide constant overseeing over the broker operation. For now, since LimeFX is solely offshore based broker there is no enough regulations and strict transparency.
It is, however, only added to your trading account when you have accumulated the required number of trading points, and if this condition is not met within 30 days the bonus will expire. 77% bonuses on all deposits made in the first 7 days – Sign up and become a LimeFX customer and Ronaldo will give you a whopping 77% bonus on every deposit you make within your first seven days. In addition, every broker we surveyed was required to fill out a 320-point survey about all aspects of their platform that we used in our testing.
Trading with this broker is not very difficult, but I traded for a long time on a demo account to learn how to use all the LimeFXr functions. The trading platform has all the necessary set of tools for trading and analysis. The LimeFX minimum deposit is 200$, yet you should calculate and cover necessary expenses since the variety of trading instruments offers different margins and spreads. E.g. to open a new position at equity, account must exceed the trade’s initial margin level requirement.
You do not have to worry about how to execute payments as you have unlimited options. The mentioned are among the many reasons as to why you should trade with LimeFX Forex brokers. Among other benefits that come with trading with LimeFX are a no-fee charge on deposits and withdrawals. The withdrawals are also approved in less than five days. The broker offers the traders several options of transacting, which is making deposits and withdrawals. Credit/debit cards are allowed, PayPal and Webmoney to mention a few.
Broker By Country
Trading fees are charged when you place a trade and include spreads, commissions, overnight and rollover fees, sometimes also currency conversion fees. Clients’ funds are kept segregated from the company’s, which means that the clients’ and company’s assets are clearly distinguished, providing monetary security to traders. Clients’ funds eur usd are kept segregated from the company’s, providing monetary security to traders since the company’s and clients’ assets are clearly distinguished. If you should have any questions, concerns, comments, or inquiries that this LimeFX review doesn’t offer answers to, contact the customer support service and assistance via e-mail or phone.