The online broker is licensed and regulated by the Financial Services Authority (SVGFSA). Our experts confirmed incorporation on 15th September 2011 and found an active regulatory registration under the trading name. It is important to note that SVGFSA does not regulated Forex trading nor binary options trading. This means that all Forex trading done through LimeFxFX.com is unregulated. Make sure to check all bonus terms and conditions before participating.
- You can find copy trading applications and an in-house trading application here.
- Clients also won’t have to pay any hidden fees or commissions.
- ➡️ The account holder can now make their first deposit and the account has been successfully created.
This is a significant advantage for investors using mid-term and long-term strategies as charges will not be applied for any positions held overnight. The average spread for the EUR/USD currency pair is 0.7 pips, while the USD/CAD is offered at 0.8 pips. Major indices, including the NASQAQ, are offered at an average 0.6 points, which is competitive. Spot gold and silver were offered at an average of 1.8 pips. When we used LimeFxFX’s trading terminals, the new order process was similar and relatively straightforward. You can utilize either market watch or one-click execution.
A trading account is where you store funds and trade currencies or other assets. You can create multiple trading accounts for your LimeFx profile, each with its own balance and leverage. To open your first LimeFx trading account, sign up and follow the instructions. You can always open more trading accounts on different trading platforms for free. LimeFxFX provides an accessible minimum deposit amount for many traders.
If you have little to no experience, it’s better to avoid trading during major news releases, as the market tends to be highly volatile. You should also consider learning about the basic risk management techniques, as they will help you avoid losses from. LimeFxFX established its legal entity in Cyprus and each gets a license from the local CySEC, which also applies regulations according to European ESMA standards. Under the European CySEC license, the broker also operates global offerings from international entities. Besides that, there is also a copytrading account if you are a professional and want to earn extra money.
Minimum Deposit For LimeFxFX By Account & Payment Type
Founded in 2011, LimeFxFX has amassed more than 6 million users all over the world. With its swap-free offering and attractive incentives and bonuses, it keeps gaining more and more market share. We looked into this broker to see if the commission-free and swap-free MT5 trading environment lives up https://limefx.group/ to its boasts. Overall, The minimum deposit amount required to register an LimeFxFX live trading account is $100 USD. The bespoke software enables users to track master traders and their live performance, control portfolios on the go, view how their funds are invested and manage risk in real-time.
- The most popular platform is MetaTrader 4 (MT4), which is available for desktop, web, and mobile devices.
- The texts on this page are not are not investment recommendations.
- LimeFxFX is not regulated by the Central Bank of Nigeria (CBN) even though the broker has a local office in the region.
- Considering so many aspects, one can understand how important minimum deposit plays in CFD and Forex trading.
Please if someone can explain because as far as I know, this broker is free of charge for deposits and withdrawals… To traders, it is helpful as a popular broker and minimum depositor. There are three types of trading opportunities that are provided to traders with trading accounts. The accounts are ECN account, micro account, and pro account. Each account type has different trading platforms and leverages.
LimeFxFX.com does not accept European clients as this market is specifically appointed to LimeFxFX.eu (regulated by CySEC). It covers third-party deposit and withdrawal fees (such as Skrill, Neteller, and others). LimeFx Markets Incorporated, the broker’s international entity, is based limefx website in St. Vincent and the Grenadines, where the regulator offers little to no protection. The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.
LimeFxfx Minimum Deposit – Start Trading
For traders who prefer to trade on the go, LimeFxFX has a mobile trading app that is available for both Android and iOS devices. The app provides access to the same trading instruments available on the desktop platform, including forex, commodities, indices, and cryptocurrencies. The app is easy to use, making it a popular choice for traders who want to stay up to date with the markets while on the move. Depending on the chosen payment method, the minimum deposit LimeFxfx ranges from $25 when funding with a Mastercard/Visa or €50 when using Neteller/Skrill to as high as 500,000 NR. Your country of residence and the LimeFxFX business with whom you register a trading account will decide if there are any minimums that apply. While LimeFxFX is an international and offshore forex broker that is registered in Saint Vincent and the Grenadines, it is a reputable name in the financial industry.
Accepts Nigerian Traders
This broker can be a good choice for you if you live within the EU and are satisfied with its limited selection of tradeable assets. It can also be a good choice if you are looking for a company that makes forex copy trading as easy as possible. If you prefer a broker that gives you access to a large selection of tradeable assets, then you are better off choosing another EU-regulated broker.
If there is any other currency in the account then it has to be converted into that currency. These deposits are usually processed almost instantly but sometimes take up to 30 minutes. Depending on the withdrawal method used, withdrawals can take up to three hours according to the official LimeFxFX website. After choosing a platform, the applicant will press continue in order to finalize account creation.
You can sign up and login to the LimeFxFX copy trading service in a few easy steps. Once you login to your personal area, you can set up your copy trading profile and deposit to your wallet. You can also sign in to your new account using the Android app. LimeFx Markets Incorporated is registered in St Vincent and the Grenadines.
LimeFxFX isn’t a publicly traded company, and it doesn’t run a bank. LimeFxFX is regulated by none of the tier-1 (high trust) authorities, one tier-2 (medium trust) regulator, and none of the tier-3 (low trust) regulators. An adjustable risk management tool known as the drawdown percentage (DDP) is also available. The DDP will close the copiers’ position if the Master Trader loses money. Copiers have the ability to manually close open positions, allowing them to be in control over their own portfolios. Deposits for LimeFxFX account users must transact in USD ($) and Europe (€).
The Pro account works with the MetaTrader 5 offering 28 pairs of currency, 2 energy and metals, 10 indices, and 3 cryptocurrencies as instruments available for trading. On this account, there is a floating spread starting from 0.2 pips with no commission and a required minimum deposit of $500. The only thing we can do is find the lowest possible cost. When traders deposit funds into their trading account, these funds are sent to segregated accounts which are held and overseen by top tier banks. Frequent audits must be carried out to ensure that brokers such as LimeFxFX comply with all the necessary regulations and that they can fulfil their financial obligations. Our experts were pleased to see no withdrawal fees at LimeFxFX.
This account is also useful for beginners, because they just have to follow the master’s trading position. Yes, as stated above, LimeFxFX allow partial withdrawals, meaning you can withdraw funds from your account even if you have open positions. The minimum withdrawal amount depends on the method you choose. Enter your LimeFxFX PIN and click “Request” once you’re done. If users have any problems or inquiries, the LimeFxFX customer support team is available 24 hours a day, Monday to Sunday. They can be contacted via live chat, phone, email, regular mail, WhatsApp, and Telegram.
Note, demo accounts are deactivated after 30 days of inactivity. Please note, there is no commission charged for the deposit. The platform has got lots of training materials for both beginners and veterans. So if you are a beginner interested in forex trading, head to the LimeFxFX website and explore a world of possibilities. Take advantage of low trading costs with no transaction fees or currency exchange rates. All client deposits are kept in segregated accounts with top-tier banking institutions.