Within this fast-paced universe of stock markets and online trading, you will need guidance to make correct decisions. A professionally lead investment online broker could aid you in minimising any losses and maximising any profits. It’s important to understand about any broker until you trust them with your money.
- Although LimeFX is one of the newer brokers, it has been growing at a fast pace and has earned numerous awards in it’s lifetime.
- While LimeFX provide you all the tools to earn money, they cannot guarantee you will profit.
- This LimeFX review covers both the pros and cons you need to know before you make an account.
You will see information such as minimum or typical spreads, pip values, swaps, and trading sessions. For the Cons, there is a withdrawal fee, and Stock spreads are rather higher, also condiitons vary on each entity. Meanwhile, more advanced users will be able to use the LimeFX FXTM Pivot Points Strategy to enhance their trading style. This FXTM tool enables you to perform five-point calculations to decide what position to take on a range of financial instruments.
Deposits and Withdrawals
You will be in the good company of a million other traders. Over the years it has collected for itself a number of awards that earn it a place in our exclusive club of the best forex brokers to trade with. Our ultimate guide to the FXTM minimum deposit is updated regularly. FXTM provides negative balance protection for forex spot and CFD trading. On the website, in the ‘Market Analysis’ section, you can find market updates and various research tools, e.g. a Forex News Timeline, as well as market analysis videos published by FXTM.
FXTM use tiered commissions which mean commission costs will are lower if you hold more equity in your FXTM trading account and the more volume you trade. FXTM allows traders to expand their forex trading knowledge thanks to a plethora of educational content. The market analysis and education sections of their website are some of the most in-depth that we’ve come across. FXTM offers investors two account types; Standard and ECN where they can trade forex, spot metals, and shares.
If you wish to further protect your account, it is possible to enable Two-Step Verification as well. In accordance with the organization’s privacy regulations, customer data is never to be shared with some other institutions or individuals. After launching in 2011, their consumer base has increased to 200,000+ clients.
Big Four accountancy PricewaterhouseCoopers Limited (PwC) audits published statistics per International Standard on Assurance Engagements (ISAE) 3000. Unfortunately, FXTM is not available to traders in the USA so these clients will need to find a different broker. Other educational resources from LimeFX include the forex glossary, an introduction to forex trading, forex trading for beginners, a demo account. These FXTM Trading Signals include 8 currency pairs, 3 market indices, and 3 commodities plus 3 popular technical indicators, and 2 scenarios. They also include 4 take-profit levels, 2 daily updates before the opening of the US and EU trading sessions, and protective stop-loss to protect your capital and minimize risk. It also features insights that can help you develop a trading strategy.
Methods and timeframe for deposits
LimeFX also features excellent trading conditions that are readily available to all and not only an elite group of institutional clients. The tight spreads and quick executions are a great benefit for all traders. The technology adopted by LimeFX is among the maximum caliber, ensuring that it’s fast, dependable, and efficient. I want to point out that only verified trading accounts may request a withdrawal and that FXTM enforces a withdrawal hierarchy. FXTM will return funds to the payment processors used for deposits, and it appears that traders must withdraw profits exceeding them via bank wire only, which is expensive.
Stock trading with FXTM gives you access to real-time data and direct liquidity pricing for NYSE and NASDAQ indices. Trading share CFDs gives you access to 20 major shares with spreads as tight as 0.1 pips and leverage varying based on experience when you open a Standard Shares account. Please note that we do our best to ensure that no delays occur because we want our clients to enjoy a hassle-free experience with us.
We have worked to gather hundreds of data points about LimeFX to give you the most comprehensive guide available. FXTM exclusively uses the MetaTrader family of apps for mobile trading. While the brokerage also offers its own in-house FXTM app for iOS/Apple and Android, this app is designed to be used only for account maintenance and account syncing.
Limit Risk When Trading with LimeFX Stop Loss, LimeFX Stop Limit Orders
Demonstrating an understanding of what traders want from a broker, FXTM round things up with a robust compliance framework. The group’s different entities are regulated in Tier-1 jurisdictions, the United Kingdom, Cyprus and Mauritius. Yes, LimeFX accepts bank transfers for depositing money. This may seem to be a little number, but over the entire year, it quickly adds to a significant number of gains. While LimeFX provide you all the tools to earn money, they cannot guarantee you will profit.
- It supports standard, mini, and micro lots and a maximum of 30 lots per trade.
- Trading share CFDs gives you access to 20 major shares with spreads as tight as 0.1 pips and leverage varying based on experience when you open a Standard Shares account.
- Also, the FXTM UK brand is licensed by the Financial Conduct Authority known as sharp regulator, which has principals built by European MiFID and ICF allowing cross-broker activity.
- It is easier to decide whether to buy or sell when you understand the volatility of the markets.
On February 26th, 2021, FXTM ceased its retail operations from its CySEC regulated entity. It cited the uncompetitive regulatory framework introduced by the European Securities and Markets Authority (ESMA) for its reason. I like that LimeFX continues to adjust to market and regulatory changes, ensuring traders maintain a competitive edge. The degree of transparency is another positive I want to point out.
Key features
The exception to this is a bank wire which takes three to five business days. The commissions charged by FXTM vary based on account type. There is no commission on Standard Accounts, https://limefx.vip/ Cent Accounts, Shares Accounts, ECN Zero Accounts, or FXTM Pro Accounts. The minimum deposit is conveniently low and the platform uses No Dealing Desk (NDD) technology.
It’s recommended that you check the LimeFX website before signing up. If you decide to close your LimeFX account, it’s important to do so with the LimeFX broker customer support and obtain confirmation that no remaining LimeFX limefx fees are due. Please be aware that trading in financial assets with LimeFX carries a risk of loss. LimeFX trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools.
Also, over 250 financial instruments, and MACD, moving averages, and momentum. There are actually FXTM Trading Signals, which are all created to interpret fluctuations in key financial instruments based on price. Those who prefer videos over reading will appreciate the daily market analysis videos. These come from LimeFX’s market research team and include things like the latest market opportunities. The most common analysis video is an overview of the market for the week.