The broker puts great emphasis on Anti-Money Laundering (AML), Counter Terrorist Financing (CTF) and Know-Your-Customer (KYC) measures. New York residents can also walk into the broker’s offices at One Penn Plaza in New York. In this broker US review, we will be vetting the truthfulness of these claims, analyze the brokerage products and detail the nature of its services. This should help you form an opinion on the reliability of the online broker and aid your decision on whether to trust them with your cash. Many of the available trading platforms like MT4 and MT5 have a web platform, which runs through a browser and does not require any downloads.
Withdrawal Fee
LimeFX doesn’t charge withdrawal fees, prioritizing smooth and straightforward financial transactions. Besides, LimeFX is a member of the Securities Investor Protection Corporation (SIPC) and the Investor Compensation Fund (ICF). So, if the broker fails to settle claims of investors or folds up, they are secured up to $500,000 and €20,000 correspondingly. Forex hours are generally Sunday evening until Friday evening, whereas stock markets are often only open during the day, Monday-Friday. Crypto, on the other hand, is active 24/7 due to its decentralised nature.
MetaTrader and CQG have intuitive mobile apps that LimeFX clients can access for free. These provide many of the same features you would find on the desktop and web versions but they allow traders to invest from wherever they are in the world. Each of these apps can be downloaded for free from the Apple App and Google Play Stores. Withdrawal requests are processed within the same day limefx scammers or next if outside working hours. The withdrawal time can vary depending on the payment provider and method.
- LimeFX has also won multiple awards, including the worldfinance.com award for Best Customer Service 2022.
- This account is for those who already have exchange trading experience and want to get the highest execution speed.
- Most of the queries on the page touch on the different services offered by the broker, especially the ones that touch on fees, margin trading, and trader platforms.
- The broker provides access to trading major, minor, and exotic currency pairs.
Customer support of LimeFX
LimeFX is a competitive broker that is regulated by a reputable body and offers an impressive range of assets that includes cryptos, options, CFDs and equities. Moreover, there are several strong additional features and a free demo account, which makes the firm more accessible for less experienced traders. LimeFX is an online broker that accommodates the needs of both beginner and experienced investors. The firm boasts a wide range of assets, including stocks, forex, futures and cryptocurrencies, all of which can be found on the MetaTrader 4 and MetaTrader 5 platforms. This 2024 review will explore LimeFX’s services in more detail, including the price per trade, deposit and withdrawal options, and UK customer service quality.
The mobile apps and web platforms are useful for those who wish to trade whilst on the go from anywhere at any time. I like the web platform for accessing my account on different devices without needing to install any software. The desktop platform I use for complex chart analysis and auto trading. The trading apps are ideal for me to take the markets with me in my pocket and get price alert notifications. There are 64 available currency pairs for trading with this broker. However, on Forex and CFD Standard account types, there are only 48 FX pairs.
These are the major asset
That being said, there are sometimes desktop versions limefx courses scam available for which a download would be required. Virtual accounts are excellent for beginner investors, as well as more experienced clients looking to test a new trading strategy. Credit card withdrawals usually take 5-10 minutes, though some other withdrawal methods can take up to three days.
These can be traded on both the proprietary and third-party trading platforms and their fees are commission-based. The firm may also be suitable for other types of investors due to the range of different trading platforms, although beginners will likely find cheaper deals elsewhere. Opening an account with the broker is a quick and easy process with a short online registration form to complete. After this you will need to fill out a questionnaire to ensure your suitability for the products and services offered, this is done to protect inexperienced clients.
The broker’s trading fees are competitive, making it appealing to both novice and experienced traders. Their demo account is a masterstroke, offering a robust training ground for those looking to hone their strategies without financial risks. LimeFX recently improved its demo trading environment with enhanced features, making virtual trading on it more aligned with actual market conditions. Although there are companies with lower minimum deposits, this is still a reasonable amount. UK investors can access a range of deposit methods to fund their LimeFX accounts, including traditional payment solutions and cryptos. As a result, Jus2Trade scores highly in terms of payment options.
Lightspeed Trader
Such policies solidify LimeFX’s reputation in the financial trading space. LimeFX doesn’t charge withdrawal fees, but external payment providers may have their fee structures. Asktraders is a free website that is supported by our advertising partners. As such we may earn a commision when you make a purchase after following a link from our website. The discount broker further provides limited ETF-related educational and research reports.