LimeFX offers 5 different account types to facilitate its clients. These account types are Prime, ECN, R Trader, Pro-Cent, and Pro-Standard. Each account type provides unique features and varies based on the spread and product range.
LimeFX also accepts a wide variety of e-wallets for deposit and withdrawals. Some of the supported e-wallets are Skrill, Neteller, WebMoney, and Jeton. Many e-wallets also support transactions in different currencies other than the US dollar.
CTrader is a great choice for professional and experienced traders as it provides a clean design and excellent charting tools with a great execution speed. It brings in the STP access to the Forex market along with 52 technical indicators and level 2 pricing. You also get to build the flexibility of position management and building your trading robots. In addition to the desktop-based application, CTrader is also available for ISO and Android platforms. The Prime account is geared towards more experienced and advanced traders. Using this account, you can trade 28 currency pairs, CFD stocks, metals, indices, and cryptocurrencies.
What Are The Account Types?
LimeFX supports over 30 cash vouchers, including Efecty and Carulla. There is no processing fee for a cash voucher but has a limit of $500. You can also trade major commodities, including Coffee, Cocoa, Wheat, Sugar, Soya bean, and So forth. LimeFX precious metals range is also decent and includes Gold, Silver, Platinum, and Palladium. Finally, LimeFX also provides cryptocurrencies and crypto indices. The spread on Forex with Prime and ECN accounts starts from 0 and goes as high as 1.5 pips.
You can trade American and European stocks along with ETF’s using various trading platforms. However, the lack of a tier-1 regulator can be a serious concern for more experienced traders. The withdrawal cost, especially for e-wallets and local transfers, is also on the slightly higher side. As a trader, you will get a decent choice of trading platforms with LimeFX.
The maximum withdrawal amount using the SEPA network is $50,000. On the other hand, the local bank transfers provide a faster processing time of just 1 day. You can trade a range of currency Medium of exchange pairs with LimeFX, which include all major and minor currency pairs and some of the exotic currency pairs. The CFD stock range makes the LimeFX product list fairly long.
Opening An Account With LimeFX
Finally, the LimeFX R Trader range is equally excellent as through its terminal services, and you get the option like Strategy Building and Copyfx. R Trader account type is available with LimeFX’s proprietary Web R Trading platform. There are Trading day almost products, and is the ideal account type for trading multi-assets. Keeping your trading cost lower helps you build your portfolio. LimeFX assists you with that by offering a very low commission structure and spreads that starts from zero.
In our view, LimeFX is a very decent broker to open an online trading account. As a matter of fact, the LimeFX is around for over a decade; it is regulated and follows the walls of a true jurisdiction. Its product range is huge and meets the requirements of any trader. The trading platforms range is extensive, and account types are flexible as well. Finally, its spread and commission structure is ideal for keeping the trading cost low. In a nutshell, LimeFX has everything that one may require to become a successful trader.
Making a deposit or withdrawal request with LimeFX is one of the easiest processes. You can simply do that from your member area by click on the appropriate links. There are multiple options to deposit including bank transfer, e-wallets, cash vouchers, credit cards, and so on. Similarly, the withdrawals process is also simple, you can withdraw the funds to your bank account or to the same source that was used to deposit the funds. Withdrawals using bank transfers can usually take 3 to 5 business days. Both platforms are available with MetaTrader Market that gives you the ability to buy Expert Advisors and achieve your trading goals.
In the first step, you will provide the basic information, including your first name, phone, and email address. In the second step, you will be asked to choose an account type, leverage, and enter your address. After this simple process, you will be redirected to the member area to manage your account. Note that the LimeFXpliance department will review your application at this stage, and you will have to provide verification documents, including a photo id. Once all that process is completed, your account will be activated, and you can fund your account to start trading.
You can trade with third party trading platforms or even opt for LimeFX proprietary trading platforms. The third-party trading platforms include the trusted MT4 and MT5 as well as the high-end CTrader. In LimeFX proprietary platform range you have the R Web Trader and R Mobile Trader. You can also deposit and withdraw the funds using a credit or debit card.
LimeFX accepts a wide variety of cards, including Visa, Master, and JCB. The minimum deposit restriction is $10, while the maximum withdrawal limit is $10,000. The deposits are processed instantly, while the withdrawal may take 1 to 10 days. LimeFX R Web Trader and R Mobile trader bring further depth in the range of its trading platform. The R Web Trade runs on all mobile and desktop browsers, while the R Mobile Trader also matches a desktop terminal’s functionality.
Globally Licensed & Regulated
Pro-cent is a great choice for beginners as well as experienced traders. It uses the Cent as the base currency and is highly regarded for testing the trading strategies. The account comes with a floating spread that starts from 1.3 pips. A proc-Cent account provides the highest leverage ratio than the Prime, ECN, and R trader accounts.
- You can also deposit and withdraw the funds using a credit or debit card.
- LimeFX offers 5 different account types to facilitate its clients.
- So by having a low commission, narrow spreads, no inactivity fee, and almost no processing fees you can grow your portfolio without having to worry about the trading cost.
- Note that the LimeFXpliance department will review your application at this stage, and you will have to provide verification documents, including a photo id.
- It has all the basic tools as well as the advanced tools that you would need once you learn more and step up the ladder.
The spread on the Pro-Cent and Pro-Standard account start from 1.3 pips. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. As a LimeFX account holder, you will get full access to its research and analysis tools. An economic calendar is also available on the LimeFX website. The broker is also part of IFC , an international organization that mediates between the broker and the client in the event of a dispute.
Refer A Friend To LimeFX
Choose experienced traders, follow them, and sit back while they do all the work. Your investment portfolio will grow with every successful trade, while you save your time and effort. Pro-Standard is one of the most popular account types LimeFX Review: Is This a Scam or Good Forex Broker and is suitable for beginners. Ideally, for beginners, MetaTraders provide a very good learning experience. It has all the basic tools as well as the advanced tools that you would need once you learn more and step up the ladder.
You also get one-click trade execution and the option to create your trading robots. In addition to the desktop and web-based applications, both platforms are available for mobile devices as well. LimeFX is an international broker that has been around for more than a decade. It is regulated in Belize by the IFSC to provide trading facilities in securities and commodity-based derivatives. In terms of trading platforms, LimeFX stands tall among its competitors.
Regular Contests & Promotions
The account is available with MT4, MT5, and LimeFX Web Terminal. You can trade Forex, metals, and cryptocurrencies with this account. LimeFX ECN account type provides you the direct access to the market participants via interbank trading prices with just a minimum deposit requirement of $10.
Wide Range Of Trading Instruments
LimeFX is also a member of the IFC compensation fund that protects clients’ funds up to €20,000. If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. Due to a migration of services, access to your personal client area is temporarily disabled. An alternative Alpari website offers services that are better suited to your location.
You will get market execution with the spread starting from 0 pips onwards. The Prime account has the highest order volume of 500 lots and has no restrictions on the number of open positions. The Prime account is available with MT4 and MT5 trading platforms. Seasonal traders can use MT4 and MT5, while the traders looking to build and test trading strategies can use CTrader and R Trader.
The ECN account has the highest execution speed and offers a tight spread to the professional traders. In addition to the MT4 and MT4 ECN account is also available with CTrader which is known for the great execution speed. With an ECN account, you can trade 36 currency pairs and nearly all other products offered by LimeFX.
Even the highest start spread on their Prime account (1.3 pips) is very competitive. So by having a low commission, narrow spreads, no inactivity fee, and almost no processing fees you can grow your portfolio without having to worry about the trading cost. The bank transfer gives you the option to deposit and withdraw using multiple currencies. Using the SEPA, you can make a minimum deposit of $500 and a maximum of $100,00.