LimeFX focuses on the safety and security of its clients and has received licenses from leading regulatory agencies around the world. The broker claims that its main priority is the safety and security of the client funds. CFDs and trading in forex on margin, carries with it significantly high levels of risk and might not be compatible for all the investors. It is possible to lose some or all of your money and investment. Practice caution and see financial advice when unsure because what we offer here is NOT financial advice. We provide objective and unbiased reviews, analysis and commentary.
Forex Account Types: Which One Should You Choose?
Actually, I am very interested in this LimeFX broker, I often read articles related to this broker. If you’re looking for a quick and easy option, credit/debit cards might be your thing and I agree with the above comment. But they can be a little pricey and some banks might have some rules about how much you can deposit or withdraw.
Your login details to the MT5 will also give you access to the LimeFX WebTrader in addition to the desktop (downloadable) MT5 and the accompanying apps. Please note that forex (or currency) trading is available on all LimeFX Platforms. This LimeFX bonus amount is in the form of a $30 welcome bonus or the equivalent amount based on your account.
LimeFX Broker Review 2024 – Pros and Cons Uncovered
It was an easy task to sign up and choose the account for trading. I mean, with minimum deposit, I deposited more, because it’s impossible to trade with $5. Trades are executed quickly, nos, range of tools and number of platforms is okayish for me.
What is the Maximum Trade size of LimeFX?
But, any profits or losses from trading will still be in the account’s base currency, which is usually USD. Technically you do not need money to open a forex account unless the account you open has commission fees. The minimum deposit you need in your account depends on the broker you trade with. With LimeFX, you can start trading with as little as $5, or the equivalent in your currency.
- If you already have an LimeFX account, please state your account ID so that our support team can provide you with the best service possible.
- I remember when I used this broker’s demo account I wasn’t sure I would improve in my trading skills but it was easy and stress free.
- As we have already mentioned, LimeFX Is a global Forex broker, offering services to citizens of over 190 countries.
Cent accounts are unique in that they let you trade in smaller lot sizes denominated in cents rather than dollars. This account type is ideal for beginners or those with limited capital who want to limefx review practise trading in a live environment with reduced financial risk. Cent accounts provide you with the valuable opportunity of experimenting with different risk levels.
The payment account holder must match the account holder’s name. For joint accounts, the LimeFX account must be opened in the name of any one of the joint account holders. To fund your LimeFX account, you’ll first need to create your LimeFX account or log in to your existing account.
Clients who choose the MT5 platform have access to a wide range of instruments ranging from limefx forex broker currencies, stock indices CFDs, gold and oil CFDs, as well as stock CFDs. By opening a trading account, you will be automatically emailed your login details that will give you access to the LimeFX Members Area. Hi, I’m Alex Oke and I’m a forex trader, software developer, and strategy tester. I love creating and refining trading strategies to navigate the forex market effectively. While Most E-wallet could take from few minutes, Card methods and Bank transfers will surely take longer, for example, 1-3 business days. LimeFX Broker has four account types with Islamic alternatives available for each account type.
