Variety of deposit withdrawal methods

Yes, so that Muslim traders can use this broker without paying or receiving interest, in compliance with Sharia law. If you want to use this account type, you’ll need to open a standard account first (with no obligation to use it) and then submit an limefx reviews application. A 24-hour customer service helpline is available from Monday to Friday. LimeFX promises to provide support for customers in their native languages, though it’s not clear quite which or how many languages this service is available in.

On the minus side, the absence of protection from any major regulatory body for clients outside the EU and UAE is likely to be off-putting for a lot of traders. Other important issues around security are unclear – for instance, the broker states that its client funds are stored in top-tier banks but does not name them. It does, however, offer a thorough approach to client verification, so you can be confident that thieves will find it difficult to access your account. Besides having the client as the main focus of the company, LimeFX broker is also using one of the best platforms for trading on Forex market.

Demo Account

Bank wire transfers can take up to five working days to be processed, depending on the sender’s and beneficiary’s banks’ operation speed. Mobile forex apps make forex trading easier by enabling traders to create filters and get the latest information only for selected trading instruments. These apps feature analytical support for precious metals, oil, and a wide range of currency pairs. Today LimeFX is one of the most successful and dynamically developing companies. The broker has been working all over the world for over 10 years, providing qualitative services and profitable trading conditions. In many respects, the company’s success is confirmed by a large number of positive responses (many traders really recommend LimeFX).

• To open an account, the Manager will need at least $ 200, for an investor-from $ 10.
• Spreads on these accounts are often wider than those with higher minimum deposits.
• The minimum deposit for all accounts is $50 with LimeFX, which is relatively low compared to most other Forex brokers.

Other popular features include Expert Advisors, automated trading support, strategy backtesting, customisable charting, indicators, and copy trading functionality. LimeFX offers support for an average number of trading platforms compared to other brokers. LimeFX offers a limited number of payment methods, and while LimeFX charges no commissions on deposits, it charges fees for most withdrawal methods. The reviews revealed that LimeFX makes money from the fees included in the spread. Each spread has a specific fee assigned to it based on the account and the asset being traded.

Best Forex Brokers in UK (United Kingdom)

LimeFX’s non-trading fees are average compared to other similar brokers. It maintains regulation from the Cyprus Securities and Exchange Commission (CYSEC), and is registered in the Marshall Islands and Saint Vincent and the Grenadines. Note that the content on this site should not be considered investment advice.

Leverage consists of funds that are lent to the trader by the broker, allowing them to open larger trade positions. Clients of the Muslim faith can open a swap-free, Islamic https://limefx.biz/ account, which does not apply swap fees, as this type of interest is prohibited by Sharia law. Deposit times will vary depending on the chosen payment method with LimeFX.

Supported Platforms for LimeFX

The LimeFX Company does not charge commission for topping up a trading account. In order to top up the account with the help of your bank card, you can use several intermediary payment systems. A fee is charged for holding a position open overnight or over the weekend to account for the change in comparative currency interest rates over this period. If you have an Islamic account, you will not have the option of keeping positions open like this, so you will not incur these fees.

The biggest concern around this broker relates to its regulatory framework. If it is to break through to join the big league, it will have to do more to make people feel safe about trading there. The amount of leverage you use is established when you initially set up your account. It’s possible to change it later without having to close your open or pending orders first.