Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Next, click the “Open account” window in the top right corner and provide essential documentation to prove your identity. After the initial registration, you will be emailed with login details corresponding to a login on a trading platform matching your type of account.

This is highly disadvantageous to consumers on these platforms. Nonetheless, this is more prevalent in the case of Market Maker agents who compete with users on the stage. You can make use of an option for 2 Factor Authentications (2FA) with LimeFx for heightened security.

  • We have tried to breakdown all of the qualities and charges for your advantage.
  • 👉 LimeFx provides Fixed and Variable spreads to Nigerian traders, which is unusual among forex and CFD brokers.
  • As one of the brokers established for so long, everyone would expect them to have a trusted license.
  • So take the time to research LimeFx thoroughly and make the most of your online investing experience.
  • On the other hand, a spread refers to the difference between the buying and selling price.
  • 👉 Nigerian traders can register a demo account with LimeFx, giving them access to virtual funding and a risk-free environment where they can still experience live trading conditions.

It is still a downside for LimeFx not offering any educational materials, making it harder for beginners to learn how to trade. But for the advanced traders who know what they are doing, the broker has plenty of tools to assist. You can deposit money using Visa, Mastercard, Neteller, crypto, AdvCash, Perfect Money, Fasapay, and TopChange. All the methods have their pros and cons, but we won’t go into details. Cryptocurrencies became very popular lately and LimeFx provides their traders with a number of cryptos to trade.

It is also worth mentioning that Forex trading is actually prohibited in India. The broker is not regulated by any regulatory body in India, that’s why money safety may be the issue here. TradeSanta is a cloud-based trading platform that allows individuals to get involved in automated crypto trading. Skrill holds a number of licences that permit it to provide its services in Europe as well as globally.

NETELLER is an electronic payment service operating across the world, equally prized by legal entities and individuals for the ease and rapidity it allows them to send money to other users online. 👉 LimeFx has over 3,000 Affiliates from around the globe and the broker has already paid out $30,000,000 to date, with over 500,000 clients who have been referred through the affiliate program. 👉 Monthly audits of LimeFx’ execution quality are conducted by an independent third-party – Verify My Trade – to ensure that we are adhering to the best execution standards. LimeFx is obliged to submit 5000 transactions each month for comparative study against first-tier liquidity providers to keep this accreditation. This versatile app sports the highest market execution speed of any platform currently in use, as well as automated trading and embedded strategy testers. MT4 was first put online in 2005 and has seen incremental development over the years.

Can you trade agricultural shares with LimeFx?

The next step involves submitting identification documents for LimeFx account validation and making a deposit. Once completed, LimeFx users can download the trading platform of their choice. To open a trading limefx courses scam account with LimeFx, individuals can sign up on the LimeFx website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The pros of trading with LimeFx include regulation, a range of trading platforms, educational resources, account types, and customer support. The cons include limited products, inactivity and withdrawal fees, limited promotions, and limited research and analysis. There are three trading platforms provided for traders, namely MetaTrader 4 (MT4), MetaTrader 5 (MT5), and LimeFx proprietary mobile trading app for both Android and iOS devices. MT4 and MT5 are two of the most popular professional platforms among traders the world over. They offer advanced features to analyze charts with various tools to choose from. Expert Advisors or EAs are allowed on both platforms, and LimeFx are even providing their own trading EAs for traders wanting to use trading robots.

  • LimeFx is regulated,
    governed and supervised by reputable financial regulatory bodies.
  • Instead, they can monitor the markets through their mobiles whenever they are.
  • Read more about St. Vincent and the Grenadines regulation by the link.
  • It’s important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.
  • Based on media reports and customer reviews, LimeFx is a reliable and honest broker for trading strategies and making good money.

In addition, client funds are held in segregated accounts, separate from the company’s operational funds, which adds an extra layer of security. In addition to the above account types, LimeFx also offers an Islamic account option, which is designed for clients who follow Islamic principles and require swap-free trading. This account type is available for all account types except the Fixed Account.

What you will need to open an account with LimeFx

LimeFx offers 539 total trading instruments in different asset classes. This is a very competitive number for assets as traders can trade almost all popular instruments, from Forex to cryptos, with high leverage to boot. The main assets offered for trading include Forex pairs and stocks. Other interesting instruments offered include cryptos, metals, ETFs, and two bonds. LimeFx is part of the Investors Compensation Fund and keeps clients’ funds in segregated accounts.

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To view the LimeFx payment options available, you can log into your LimeFx member’s area. In addition, currency conversion fees may apply if the LimeFx withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from LimeFx.

There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. The broker does not hold any license from the regulatory body in India. This means, that the investments with the broker might be at risk.

How can I contact LimeFx customer support?

Between 74-89% of retail investor accounts lose money when trading CFDs. LimeFx is overseen by the top tier financial regulators International Finance Corporation (IFC) so can be considered a good broker. Throughout our comprehensive LimeFx review, we have covered a lot of ground and provided an in-depth analysis of the platform’s features and functionality. Trading financial instruments is a high-risk activity that requires careful consideration and risk management.

Does LimeFx Offer a Demo Account ?

If you like to pay a predetermined sum for each deal, this is the best option. The account is best suited for long-term positions and position trading strategies. The withdrawals are not outlined clearly enough on the website, however. This might mean that the withdrawals are dependent on a certain trading volume, or have hidden fees and charges. LimeFx does have a few scam warnings looming, so you should exercise caution when dealing with this broker. On the negative side, it only provides trading with metals and currency pairs.

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. LimeFx charges a deposit fee for transferring money into your trading account. For additional trading platforms, the inactivity fee depends upon the type of account you’ve selected. The inactivity fee is subjected to a lot of conditions and needs to be revealed clearly by the agent beforehand. This LimeFx review breaks down every one of the relevant non-trading fees for you in detail. The minimum deposit that you need to get started on LimeFx is $250.

Account Registration

The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to our users. Our proprietary rating algorithm takes all of the datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones for their needs. Skrill (formerly Moneybookers) is an online wallet service that was established in 2001. It offers a variety of online payment and money transfer services.