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A good broker constitutes a good service for traders in terms of many criteria including trading instruments,
deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily
mean the same thing to you. You can decide for yourself if
LimeFX is a good broker for you or not by reviewing the criteria. In general,
LimeFX provides trading service in
Forex , CFD , Stocks , Indexes and Crypto . As for the payment methods, you can choose between
Apple Pay, Credit/debit cards, Neteller, PayPal and Wire transfer. The customer support is available via
Email, Live chat, Office, Phone, Telegram, Web form and WhatsApp.
We’re looking forward to seeing new developments in this area. LimeFX charges spread and overnight fees when a trade is opened with leverage. I can’t withdraw any money because of verification of bankstatements and documents.I’ve submitted the documents a month ago and still in review. LimeFX returns money by the same payment method you used to fund your account initially. This means, that if you use the bank transfer method, the broker will send your money back to your bank account. If you use a credit/debit card, they will transfer money back to the card you used.
Account Options
Having strong customer support is very important for any broker. LimeFX has partnered with customer support experts Zendesk who offer multiple different resources and options for clients to troubleshoot issues, log tickets, and speak directly to representatives. LimeFX’s news feeds are very useful, allowing you to find all the relevant news stories for your research stocks. There are lots of bite-sized stories to help you see what is happening in the markets. Investing requires emotional intelligence as well as technical knowledge. Now and then, we all need a little help to know when we are making investment decisions based on emotional biases.
A good feature for those looking at slightly longer-term positions. One thing I quite like though is that instead of relying on third-party software, the LimeFX trading platform is built in-house, and if you want something you can ask for it. For example, previously on the app you could https://limefx.club/ see where an asset is as a percentage relative to the daily range. So, that was quickly integrated so that you can now toggle between percentages and points. A small thing, but indicative of a broker that can do things and does do things, rather than just logging a helpdesk ticket.
Most importantly, LimeFX is a member of the Financial Services Compensation Scheme (FSCS). Put simply, this means that were the broker to collapse, your funds would be protected up to the first £85,000. When it comes to setting up an order at LimeFX limefx scammers – you will have access to various options. This allows you to gain exposure to new and exciting public-companies without needing to own the stock. At the other end of the spectrum, if you feel that the IPO was overvalued, you short-sell it at LimeFX.
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- For example, if you spot a last-minute trading opportunity that needs to be acted on right away – you simply need to opt for a market order.
- Also, LimeFX allows you to either open a demo account and test trading strategies or to open a live account to enter forex markets.
- Price alerts can be set on any stocks you are invested in or just interested in with a click of a button.
- LimeFX is a global broker founded in 2016 that specialises in CFDs trading with an offering of more than 4,000 different assets along with several trading platforms (TradingView, MT4, MT5 and their own).
- LimeFX offers 24/7 customer support via live chat, email, WhatsApp, Telegram, Viber, and Facebook Messenger to their traders.
The order types are exactly the same too and the order window is very neatly laid out. The main distinguishing factor of the Professional Account is the access to higher leverage and you do not have negative balance protection. This means that you can lose more than the money in your account during a trade and will need to deposit more money to clear up any negative balance in your account. Two apps are available at LimeFX, a stock trading app and a CFD trading app, and you can switch between accounts from within both. The app is available on both the Apple App Store and Google Play.
Can I use a debit card to deposit to LimeFX?
This includes Peter Hetherington as UK CEO, the former CEO of IG Group and Schroders Wealth Management. The LimeFX platform also allows you to determine how you enter a trade. For example, if you spot a last-minute trading opportunity that needs to be acted on right away – you simply need to opt for a market order. This means that LimeFX will execute your position instantly. While a buy order simply means that you think the asset will rise in value, a short-selling position allows you to speculate that the instrument will decline in price.
Yes, you can use PayPal to deposit money to your LimeFX trading account if you live in the UK or the European Union. There are trading statistics on LimeFX’s trading platform, such as the most traded or most volatile assets. LimeFX’s research limefx company reviews tools are available on its web trading platform. Just like the platform itself, every tool is easy to use and the language options are the same as on the web platform. Be careful with forex and CFD trading as the preset leverage levels are high.
Usability – User-friendly trading at LimeFX
Under their market maker model, they earn from the bid/ask spread that you pay when you trade on their platforms. For the other model, they share the spread fees with another market maker they send your trade to. Card deposits on LimeFX are credited instantly while e-wallet deposits take 48 hours to reflect on your account and it takes about 3 business days for bank wire transfers to be credited. To speed up the process for your bank deposits to be credited, you can send an email to customer support with proof of payment. You also do not pay any commission fees with the Professional Account, spreads start from 0.6 pips for major currency pairs, and you pay swap fees for holding a position open overnight. The company is also registered with Financial Services Compensation Schemes which insures the deposits of clients offering financial services, up to £85,000 for retail clients.
- On top of its native web-trading platform, LimeFX also offers a mobile trading app.
- You can deposit funds into your LimeFX trading account by bank transfer, credit/debit card, or alternative methods such as Apple Pay or PayPal.
- Overall, LimeFX has a decent offering of research that would benefit from more depth to the individual stock financials and metrics.
- For example, you might be trading HSBC stocks at LimeFX that are currently priced at 380p each.
- Based on our thorough review, LimeFX offers better pricing than Interactive Investor for share dealing.
Another great advantage is the low minimum deposit which makes it a perfect choice for beginner traders. Broker’s award-winning online trading platform is designed for trailblazers searching for the ultimate trading experience. Along with this platform, traders get access to over 75 technical indicators, multiple trading chart types, and extensive drawing tools. LimeFX is a truly comprehensive trading platform that offers more trading instruments than any other broker we have tested at strafe.com. This broker’s growth is immense but they appear to have the goods to back it up. Trading fees are incredibly low and this broker offers more than just CFDs.
LimeFX Video Review
These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers. Let’s take an overall look at how LimeFX compares to its peers when it comes to platforms, fees, account opening and education tools. Placing an order is equally user-friendly and there are only basic order types that keep things simple for new traders – market, limit/stop, stop loss/take order, and Guaranteed stop.
The most likely reason why you can’t withdraw from LimeFX is due to an issue with your verification process. LimeFX being a regulated broker by several governmental bodies is required to comply with several laws and especially those related to AML (Anti money laundering). If you correctly verify your identity by providing your ID, proof of residence and proof of funds (only if requested to do so) then most likely your withdrawals will be processed without an issue. The only requirement to do so is being a verified customer by having submitted your proof of identity and proof of address before any withdrawal occurs. Additionally and if the amounts deposited or withdrawn are large, LimeFX may present other requirements such as proof of source of funds. It should be noted though that professional clients may lose more than they deposit and they are generally not afforded the same level of regulatory protection.
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device,
anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools
to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned
trades. Besides lots of currency pair,
LimeFX also offers some instruments you would like to trade on, such as
Forex, CFD, Stocks, Indexes and Crypto for your best choice. Somehow, remember that different instrument
has different trading conditions. In this case, you have to make sure that your strategy is well
suited for the instrument you chose. On the one hand, there is very little — practically nothing, in truth — with regard to the microeconomic details of the individual companies, such as financials, ratios or ownership.
These accounts differ in services and additional functions available for the traders. Also, LimeFX allows you to either open a demo account and test trading strategies or to open a live account to enter forex markets. You can deposit funds into your LimeFX trading account by bank transfer, credit/debit card, or alternative methods such as Apple Pay or PayPal. Just go to ‘Fund my account’ inside the client area or in the mobile app and choose your preferred method. For our 2022 Review, we assessed the best trading platforms in the UK for online share dealing. Comparing online share dealing platforms side by side is no small task.
This broker has decent spreads (1.3pip on GBPUSD, 3pip on GBPJPY for example). Deposits are immediate – within 5 seconds generally.All around great broker. My only grudge is the fact spread is 1.3 on GBPUSD where on other brokers its 0.3 – bit greedy but It’s outweighed by the fact theres excellent slippage protection and guarantees of levels.
After scoring the best share dealing accounts across 46 different variables, our analysis finds that Interactive Brokers is better than LimeFX. Professional traders are brilliantly serviced with the tools and capabilities of Interactive Brokers. Less-experienced traders benefit from the low commissions and excellent research available in the web-based Client Portal platform. The platform is user-friendly, easy to navigate and equipped with abundant professional-grade features.