is LimeFX a good broker

LimeFX offers 3 account types to customers, Retail, Professional, and Corporate Accounts. In the UK, LimeFX is trusted by traders because they are regulated in multiple jurisdictions by Top-Tier financial regulators including the FCA. They also score low on risk for traders in the UK because of the protection by FSCS. To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).

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The level of research offered by LimeFX far and away exceeds the amount of research offered by the majority of brokerage services. Not all brokerages are created equal and every new trader must select the right brokerage for them. Each brokerage account will provide its users with its own unique set of tradable assets, subject them to its fees, and implement its tools and resources for users to inform their trading decisions. Many clients will use the broker to trade CFDs because it has an attractive minimum deposit of $20, which makes LimeFX’s trading account one of the most affordable accounts compared to rivals.

Deposit & Withdrawal Methods

If you decide to open a professional account (this is met with specific criteria), there are added risks, such as no investor compensation schemes, and you can lose more than you deposit. Client funds are routed through the best and most secure data environments. LimeFX is a heavily regulated broker that you can safely trade with. The charts are user-friendly and a variety of technical indicators are available. Furthermore, the broker has fantastic news feeds that can be found under the ‘Discover’ menu option.

  • From surveys, it has been seen that financial platforms with mobile accessibility attract more bonuses as compared to traditional platforms.
  • It shows the credibility and positive approach of LimeFX toward its users.
  • LimeFX just asks you a few basic questions (name, date of birth, country of residence, questions to assess your risk profile, etc.) and once you’ve passed this section, you can start trading.
  • LimeFX instantly sends the funds after proper verification from the users to ensure the safety of the funds.

Sign in to your account, find “withdrawals” select the withdrawal methods that you want, and select the account where you want the money to be received. Note that LimeFX processes withdrawal requests within 24 hours, but depending on the payment provider, you may receive your money in 1-5 business days. After a thorough LimeFX financial broker review, we do consider it a safe and reliable global cfd broker that any trader would want to get involved with. We would say that there is a clear consistency in the broker’s statements and all of the information on the website is definitely accurate. Finally, probably the easiest way to trade is the Webtrader, where you only need to sign in to your trading account and find the WebTrader. Using the Webtrader you do not need to download and install any other software to your device, all is done online on the webpage.

Pro #4: Top-Notch Desktop & Mobile App

The minimum deposit is 20 EUR, 20 USD, 20 GBP, or 100 PLN for all payment methods, except wire transfer, which has a 250 EUR (or the equivalent in the currency of your trading account) minimum. The broker offers a pretty wide range of instruments traders can choose from based on their needs and use LimeFX’s user-friendly portal to benefit from trading. Personally, I add funds to my LimeFX account from my N26 bank account, so I’m not charged any currency conversion fees, but whether you are or not will depend on your bank. Overall, LimeFX’s approach of having an extremely low minimum deposit is ideal. LimeFX broker withdrawals are done without any commission, and similarly to the deposits, the broker covers any fees imposed by the bank for the wire transfer.

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This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.

About BrokerChooser

This gives you the opportunity to introduce yourself to the broker and test your trading strategies to see if the broker fits your trading needs. Bear in mind, though, that demo accounts can lead novices to make poor trading decisions, especially if the account virtual funds are large. It may also result in false expectations about the trading environment. These leverage rules are implemented by the company to limit the various risks that a trader (mostly the beginners) goes through. For example, overextending a trading position without having sufficient capital can be very risky.

Is Capital a good stock broker?

In addition to its reliability, LimeFX has also won various awards. These awards indicate that the broker is well respected and could be considered a good provider in the market. Here are some of the key awards LimeFX has won: “Best Spread Betting Platform” by the ADVFN International Awards (2022)

A customer representative replied to our email within 10 minutes and the answers to our questions were relevant. The strategies covered in this guide include scalping, swing trading, position trading, trend trading, and day trading. By going through this guide, you are guaranteed to get a basic and intermediate knowledge of how to trade these CFDs. In addition, you can know how long it will take you to complete a lesson or a whole topic. The average time required to complete each lesson is displayed before you begin so it is easy to plan your time. Step 7) Upload your Identity and Address verification document to verify your account.

$10 000 demo account

For this reason, regulatory bodies significantly restrict the use of leverage for retail traders as risks to fall into negative scenarios are very high if you don’t know how to use leverage properly. Options are a much riskier investment type that should only be used by professional traders. If you’re a beginner trader just starting out, I recommend using Capital’s Demo Mode limefx to gain some experience, since investing can be risky and you don’t want to lose money if you can avoid it. Unlike other brokers, some of which have dozens of account types with different fee structures and capabilities, LimeFX keeps it simple with a single account type, making it very easy to use. ” and I felt the same way before I started trading with LimeFX.

Is capital good for scalping?

Spreads at LimeFX are tight, confirming the availability of deep liquidity, ideal for scalpers and high-frequency traders.

Additionally, there are thousands of plugins and tools available for MT4. The minimum deposit is 20 EUR, 20 USD, 20 GBP, or 100 PLN for all payment methods, except a wire transfer, which has a minimum of 250 EUR (or the equivalent in the currency of your trading account). The award follows a period of sustained growth for LimeFX, which in the first half of 2021 saw a 400 per cent growth in new clients compared to the second half of 2020.

Good broker,fast withdrows

LimeFX beat more than 100 global brokers to grab top spots across several categories at the 2022 BrokerChooser Awards. Connect LimeFX to TradingView, explore and enjoy the best of both trading platforms. There are no trading signals on the platform or app, but you do get access to Refinitiv reports on US stocks, which give you a good overview of historic and potential future financial health. She got in touch with the capital team and they was very quick to resolve this issue.

is LimeFX a good broker

Who is the most successful stock broker?

Warren Buffett is often cited as the most successful investor of all time through his holding company, Berkshire Hathaway.