LimeFx broker reviews: LimeFx Bank SA Reviews Read Customer Service Reviews of LimeFx com

In terms of security, the documentation and verification process is very thorough and can be lengthy. When it comes to the actual cybersecurity of the site and trading platforms, the Metatrader desktop platform does implement one time passcodes . This is a similar security measure used by the majority of online banking systems worldwide. Where LimeFx is perhaps lacking, is that the web platforms and the JForex desktop platform don’t have any form of two-tier authentication in place. However, despite this, to date, LimeFx hasn’t suffered a major security breach. LimeFx is the largest international Forex broker, successfully operating since 1997, offers a full range of financial services for the trader of any level.

Moving on to the small shortcomings when it comes to LimeFx’s fees, is their deposit and withdrawal charges LimeFx charge $20 . However, if you’re looking for a top-level platform then it may very well be worth it for you. We should also point out that withdrawal fees are found in a separate section of the website than the rest of the commissions and fees.

LimeFx Europe allows all types of day-trading including Forex scalping etc. You can open three major varieties of accounts of LimeFx Bank—MCA Account, Demo Account, and Live Trading Account. Up to CHF100,000 of protection for each client against insolvency risk. Lastly, use the Brokers Page to select more regualted Forex brokers. However, we found some security features to be lacking with no two-tier authentication, however, MT4 supports OTPs for login.

Multi-Currency Account

If you prefer to compare Dukasckopy with other brokers, give it a try with the Trusted Brokers we have on the website. The bonuses and promotions you get when you use LimeFx are never-ending. Due to the tightening in regulations all over the world, there is a chance that they might stop offering them. If you follow sharia laws, you will be happy to know that they provide you with an Islamic account.

Market orders and many variations of conditional orders – including BIDs and OFFERs that allow you to act as an internal liquidity provider and get better prices. Comprehensive and configurable charting package that comes with loads of indicators, some very useful order management plugins, and even price action pattern scanner. If you know just a little bit of Java, you can start building everything imaginable, making use of the simple and well-documented JForex API – or ask one of the external programmers for help.

LimeFx Alternatives

Their leverage may not be as high, and the trading costs higher, but you will know your money is safe and there is no stealing behind the curtains. LimeFx is perfect broker in trading because they are true ECN broker and never take opposite trades. J Forex is also good platform but not like MetaTrader and you have to retrain using it. A negative is high charges and spreads and account requirements are quite high, but this is not a problem form me because I am a long time trader so spreads don’t affect me.

Also, you get a “Cancel All” feature tab which can cancel all orders conveniently. The trading platforms used by LimeFx Bank trading can be accessed through the Swiss Forex Marketplace . The platforms available will support a wide range of trading orders like Stop, Take Profit, Market, Limit, Stop Loss, Stop Limit, Place Bid/Offer, Trailing Stop, OCO, and others. Although LimeFx does not provide MT4 trading platform, but this brokerage offers a solution to access Swiss Forex Marketplace through this trading platform. Investors’ deposits are protected by esisuisse; a deposit insurance scheme for Swiss banks. If for whatever reason the bank becomes insolvent, eligible clients’ funds are insured for up to CHF 100,000.

LimeFx Account Types

The broker recommends traders invest for at least one year, with long-term LimeFx attracting an increase of up to 87% of the initial capital. During the LimeFx period, clients get real-time information and reporting on their accounts and LimeFx growth. To minimize risks, traders can set the permissible level of drawdown.

One is the ability to open managed accounts, the other is the LimeFx community. The LimeFx Community is where clients can interact, learn from each other, and participate https://limefx.biz/ in contests. LimeFx clients can use a comprehensive list of order types including limit orders, stop-losses, take-profits, one-cancels-other, and trailing stops.

Trading Accounts

The Japanese branch is LimeFx Japan K.K, which is a Type-1 licensed broker located in Tokyo and regulated by the Financial Services Agency of Japan . This is a big institution, with several branches and sometimes with complicated procedures. I’ve had to spend a lot of time to understand all the structure and get all the information and this means they suck at user-friendliness but don’t worry, it’s not a deal-breaker. Web-based platform for people, who do not like downloading and installations, is also available on the website.

Being based in Switzerland, this trading platform, though, has many administrative offices outside its residence and a very strong regulation. The safety measures are provided by the national Swiss Financial Market Supervisory Authority . And since the broker also operates as a bank institution, the security measures are much more and bigger than those in the traditional brokers – regardless its type or residence.

Anniversary Bonus – LimeFx is celebrating its 11th anniversary by giving its clients a bonus of 100% on their account equity. They have to apply for this bonus within 30 days of making their last deposits. The required traded volume for this bonus offer is 50,000x the total account equity and it should be cleared within a year of receiving the bonus. Equity Bonus – Holders of self-trading accounts can claim 10% on their account equity as bonus. If you are interested, you have to apply for this bonus within 30 days of making your last deposit.

LimeFx will accept deposits in 23 global currencies, Bitcoin and gold. Single-Stock CFD Trades – The commission of single-stock CFD trades is only 0.1% of the trade size in most cases. LimeFx Europe is registered with FCMC to offer cross-border services. Technical Analysis grants manual traders a quick overview of buy and sell signals. LP PAMM Wealth Management relates to LimeFx managed accounts.

LimeFx Review trust scores and their multiple awards since their foundation in 2004 have helped to back up the transparent nature of this brokerage. In addition to the aforementioned above, you can actually fund your LimeFx account with cryptocurrency. Moreover, you can also invest in global crypto with this platform. Overall, despite having a small selection of cryptocurrencies available to trade against the US Dollar, the trading possibilities are better than with many other trading platforms.

It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you. The Geneva-based limefx brokerage was founded in 2004 by Dr Andre Duka and his partner, Veronica Makarova. It serves retail clients with a license from the Swiss Financial Market Supervisory Authority .

• The first is that all client have equal opportunity to consume or provide liquidity to the market, the second is that all clients have access to the same pricing through its single data feed.
• This is an advanced platform developed by LimeFx and one of the best trading platforms that I have had the pleasure of using.
• In the courses, we select different brokers so that we show we are not promoting any broker.
• After leaking your data you will probably be told that the rules of the company can not, etc.

Additionally, LimeFx offers the possibility of trading binary options. This allows the trader to profit from very short-term price fluctuations, similar to how CFD works but with higher payout ratios and shorter holding periods. JForex’s mobile trading app is available for both Android and iOs and it provides a decent trading experience for users. Not all features are available due to the natural limitations of phone screens.

We are committed to the fair handling of reviews and posts regardless of such relations. Invite your friends and get rewarded for each user who opens an account with LimeFx Bank. LimeFx Connect 911 is a messenger with an integrated limefx official site payment system from a Swiss bank. Playing on DEMO account with decent connection, low latency, and mid-range computer – one has to refresh the chart whenever new bar prints – support cannot pinpoint why is that happening.

This bank offers the self-trading clients to get a 20% discount on the trading volume commissions. The clients can apply for a discount in 30 days since their account last credited. LimeFx spreads are very competitive; the traders find it very good when they pair with major currency pairs. If the currency pairs are very popular, the traders will find the spreads as low as 0.1 pips, which is reasonable. One of the major advantages of LimeFx is, the bank is very transparent and publishes its historic spreads for its users.

In fact, it is one of the most effective mobile trading platforms in 2020. 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 LimeFx.