Bitcoin Storage Fee – LimeFx charges 1% every 7 days for all Bitcoin deposits. SMS Fees – LimeFx’s clients are charged a small, 0.07 EUR fee for all SMS messages they receive. LimeFx Europe is registered with FCMC to offer cross-border services. They can also use the online form provided on the website for a callback, email, fax, or contact them through the phone. Deposits made through e-wallet and crypto are credited immediately, but it may take up to 24 hours to be reflected in their account.
LimeFx accounts can be funded using credit/debit cards, bank wires, and e-wallets. All deposits and withdrawals may have additional fees for transfer that can cost anywhere between 1 to 3% of the transaction amount. At times, the broker might cover these fees for deposits, but withdrawal costs are to be borne entirely by the trader. Therefore, enquire about the costs of financial transactions before making a deposit or withdrawal, as you may lose a significant amount of money if you are not careful. LimeFx clients can access their trading accounts through the JForex or the MT4 trading terminals, both of which are accessible on both desktop and mobile trading platforms. LimeFx mobile traders may use the WebTrader for remote access to their trading interfaces or use the LimeFx mobile apps that are available for both iOS and Android.
The resource material can be accessed on the website, and LimeFx TV also offers various sources of information and several trading tools to help the users to trade manually. This provides the users the much-needed information; it also offers video tutorials that provide topics related to the bank services, general educational content, and the webinars. Thanks to its JForex platform suite, LimeFx provides forex traders industry-leading trading tools and market research, which includes our favorite mobile app for 2020. Drawbacks include unreliable customer service and a narrow offering of tradeable markets. LimeFx is right there among the best of the lot in the Forex trading market, having been a consistent and reliable service provider throughout its many years of exposure to the financial markets.
Securities dealers in Switzerland should be licensed as a broker. The best part of the broker is that LimeFx clients’ funds are protected up to CHF 100,000 if the broker goes bankrupt. 75.2% of retail investor accounts lose money when trading CFDs with this provider.
Author of this review
As per our LimeFx review, LimeFx Bank is a Swiss financial establishment founded in 2004, which offers services in banking, trading, and online brokerage for Europe and Asia clients. They mainly focus on offering CFDs , binary options, Forex, and cryptocurrency trading, for its customers. There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.
- LimeFx will accept deposits in 23 global currencies, Bitcoin and gold.
- The clients of the Bank showed increased interest in these cards during the preliminary survey.
- The chatting facilities can be operated seamlessly; it also offers technical indicators for trading and mobile trading for its traders.
- By partnering with Western Union , LimeFx Bank enriches its offer of money transfer possibilities.
In addition, the broker does not charge a commission for depositing or withdrawing funds. However, banking organizations through which financial transactions pass can charge a fee of 1.2 to 2.3%. I am very satisfied with the broker because they always make their best to help. You just should keep in mind that withdrawing money from trading account with open trade should be approved by human. If you have open trade, It may take up to 48 hours, especially if you do it on weekend.
LimeFx BROKER REVIEW
After the registration procedure and the arrival of documents at the company’s office, you access the trading platform (login/password / PIN). Besides deposits, investors should pay some fees on withdrawal, as shown in the below image. LimeFx is a Swiss broker regulated by the Swiss Financial Market Supervisory Authority . We have found FINMA as a strict and trustworthy regulation during our review, and we did not find any information regarding the breach of regulations by LimeFx.
Once your account is activated and proven, follow with the money deposit. We found that throughout its active position in the industry and engagement in social activities through communities, LimeFx gained a reputable place in the market. Its achievements have been recognized, https://limefx.biz/ and for the last few years, the bank has been honored to receive multiple leading awards that are counting. Please come back often as broker services are very dynamic and can improve or deteriorate rapidly. For Forex instruments their spreads are really competitive.
Popular Forex Guides
The company offers a range of trading services designed for both beginner traders and professionals. As one of the good advantages, LimeFx covers almost the globe, so traders from various countries can sign in, also with thelowest spreads. Our research team conducts thorough testing on a wide range of features, products, services, and tools . We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research and detailed forex guides, and we monitor dozens of international regulator agencies .
Furthermore, Jforex 3 platform competes well with Metatrader, which also supports algorithmic trading and offers trading indicators. The traders can access cloud storage and VPN services, which can be used to run the trading systems 24 hours. This broker also provides an app store with several apps that can be used by the traders in Jforex 3 platform. LimeFx Bank offers extremely competitive tools for its users through its current accounts, which provide credit cards, e-banking facilities, and a wide range of banking products. This implies that the users can receive competitive trading solutions and enjoy several banking services from the leading Swiss FX bank. A possibility to open an account online from any part of the world.
How to Trade Double Tops and Double Bottoms in Forex
The card product that becomes available to LimeFx Bank’s customers is called Swiss Bankers Travel card. This is a truly international card that can be used in more than 70 million outlets around the globe. More details about the card and the issuer can be found here. Western Union provides online money transfer services in more than 200 countries and territories with hundreds of thousands of Western Union agent locations. The clients using the service will benefit from the vast offer of destination countries and the instant availability of transferred funds. LimeFx is both broker and bank that is why it offers a lot of options and that is an advantage.
The LimeFx Community is where clients can interact, learn from each other, and participate in contests. JForex 3 – An newer version of JForex optimized for quick access and fast trading. This platform is a streamlined version compared to the original JForex and does not have all the same features. LimeFx will accept deposits in 23 global currencies, Bitcoin and gold. Foreign Exchange Fee – The base fee for foreign exchange is 1.0% of the transaction value for all exchanges less than 10,000 of the base currency.
And last but not least, LimeFx offers a strong regulation that guarantees my money and my personal data. LimeFx does not have an education or training center but it does have some other features attractive to clients. One is the ability to open managed accounts, the other is the LimeFx community.
And last but not least, the connection to servers is reliable. Execution of trade orders, deposit and instant withdrawal of fund on request with amazing online banking. Market orders and many variations of conditional orders – including BIDs and OFFERs limefx forex brokers reviews 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.
It is in fact influenced by multiple parties, such as the sender, recipient and intermediary banks and the moment the funds leave LimeFx we cannot track them further. We kindly ask you to wait for the money to be credited and remain in contact with your account manager. Should there be any further delay in receiving limefx broker reviews the transfer, please don’t hesitate to let us know and we will gladly assist you further. Alternatively, you may want to contact your receiving bank asking for more details. Their execution is top notch and I simply love their own platform, Jforex . I have simply never had a problem with LimeFx, Swiss efficiency!