From credit/debit cards to e-wallets and bank transfers, you can choose from a range of options. If you’re new to the platform, their $30 no-deposit bonus is an excellent opportunity to familiarize yourself. Engaging in trading and potentially generating profits without using your capital is possible. After entering the necessary payment details, carefully review the information to ensure accuracy.
- This involves some security checks and confirming your identity, which takes a bit of time.
- By understanding the distinct features of each account type, you can make an informed decision that best suits your trading needs.
- Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms.
- When you choose wire bank transfer as your payment option, you’re essentially transferring funds directly from your bank account to your LimeFX trading account.
- Any LimeFX client can hold up to 8 trading accounts of their choice.
You get access to the same features, with built-in news provided. As with any other broker, the LimeFX account opening is quite easy and fully digital. All you need to do is make sure that you are giving the correct information. You will also have to be prepared to offer proof of identity and proof of address. Withdrawal of amounts that are under $200 falls subject to a $15 administration fee. However, it is a little unusual as it forces the smaller depositor to consider when to make the withdrawal and when to sit tight and wait for the profits to go above $200.
To create this account, you will be required to deposit a minimum of $10,000. To open this account type LimeFX, you will be required to deposit limefx forex brokers reviews a minimum of $5. As we have already mentioned above, LimeFX is one of the safest FX brokers in the market today. One of the things that guarantee the safety and security of the clients of LimeFX is the regulatory framework that the broker has to follow. In terms of research, LimeFX offers its clients access to technical analysis tools, an economic calendar, and a section dedicated to research and education alone. One downside is that they do not have fundamental data for those who may need it.
LimeFX Broker Deposit Methods
Aside from that, any deposit of above $200 via bank transfer is also included in the zero fees policy. The options depend on the country in which you live and each method has a different set of rules to consider. To protect the client’s fund in the event of extreme volatility, LimeFX presents each account type with Negative Balance Protection. Minimum deposit of $5 applies to Standard, Micro, and also Ultra-Low Accounts. Traders who open accounts in LimeFX are enabled a condition similar to a Cent Account environment in the Micro Account, in which the Contract Size for every lot is only 1,000 units.
The broker offers traders the ability to create up to 10 trading accounts and limefx forex broker 1 shares account. The main drawback is that LimeFX’s Indonesian clients will be trading through LimeFX’s Belize company, which has less regulatory oversight. LimeFX offers five live accounts, which is more than any other broker, and has relatively average trading fees. All LimeFX accounts, except the stock accounts, have a minimum deposit of 5 USD, making them accessible to beginners. No commission is charged for Forex trading on three of the five accounts, and traders will find spreads between 0.8 pips and 1.7 pips (EUR/USD), depending on the account. LimeFX covers all transfer fees and does not include hidden fees or fees for deposits and withdrawals.
LimeFX Account Base Currency
The LimeFX broker is very good and reliable as it is well regulated by the necessary regulatory bodies.
LimeFX Ultra Low Account
Available to work on various scopes related to trading; from beginner’s guide, technical analysis, broker guides, to fundamental insights. LimeFX is a group of regulated brokers and it is owned by Trading Point Holdings Ltd. Entities under LimeFX have significant experience as financial services providers worldwide. LimeFX’s deposit bonus program is a significant highlight for traders embarking on their journey.
Top LimeFX Additional Features
Since its founding, the broker has experienced a lot of changes, including the addition of the Ultra-Low Account and EN Live Edu that is instructed by 16 global experts. However, with various options available, it can be overwhelming to decide on the account type that suits you best. In this article, we will explore the different forex account types and help you understand which one may be the best fit for you. You can also view which broker have the best no deposit bonus in our selection of the best no deposit bonus forex brokers.
The broker also offers traders two of the best-known trading platforms in the market, MT4, and MT5. These trading platforms are very well-known around the world and are used by the majority of Forex traders. I was amazed by the variety of payment options offered by LimeFX, ranging from wire bank transfers to e-wallet transactions. It’s great to know that we can choose a payment type that suits us best for our LimeFX account, and it’s reassuring to hear that LimeFX ensures the safety of our transactions. I also noticed that LimeFX provides additional payment options like Western Union and MoneyGram, although their availability may vary depending on our location. As for LimeFX, they might offer trading accounts in other currencies for the convenience of clients in those regions.