Their customer support is highly responsive, providing assistance in multiple languages, which enhances the overall trading experience. LimeFX has four account types, one being a dedicated cryptocurrency trading account. The three commission-based options feature relatively high trading fees, between 1.3 and 3.0 pips or $13.00 to $30.00 per 1.0 standard round lot for a minimum deposit of $100. The commission-based ECN alternative delivers competitive costs with raw spreads from 0.0 pips for a $5.00 commission and requires a $200 scammed by limefx minimum deposit. Founded in 2007, LimeFX is a global brokerage firm that has established itself as a reputable provider of trading services across a wide range of financial markets. The company offers access to Forex, commodities, indices, stocks, and cryptocurrencies, appealing to both novice and experienced traders.

The Analytics in 3 Minutes series focuses on the US dollar and covers major market themes such as central bank policy. Head of Analytics Tim Deev does a good job of explaining key economic data and major support and resistance levels. The web platform uses market-leading TradingView charts featuring 11 time frames, 11 chart types, and over 100 technical indicators.

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A margin call happens at LimeFX when your account equity falls below 50% of the margin needed to maintain open positions. ✅There are 11 commodities mentioned, typically energy, agriculture, and other raw resources, allowing traders to bet on price swings in critical and frequently used items. However, withdrawal fees vary based on the method chosen, with certain alternatives incurring a price to cover processing expenses.

Islamic Account

Here, in-house analysts cover major markets from a mostly fundamental perspective. The content provides trade ideas with a long or short bias, along with suggested take profit and stop loss levels. With 11 funding and withdrawal methods, including credit cards, digital wallets, and cryptocurrencies, LimeFX makes transferring money in and out of your account easy.

Are Fees at LimeFX Competitive?

LimeFX offers an Islamic Account designed specifically for Muslim traders that follow the principles of Sharia law. This account suits proficient traders who engage in high-volume trading or employ scalping techniques. Traders who appreciate predictability prefer the Fixed Account because it has fixed spreads, making it easier to evaluate expenses upfront. This removes any possibility of fluctuations and provides peace of mind, thus making it limefx broker reviews more user-friendly. If you suspect unauthorized activity, please get in touch with LimeFX customer service to help safeguard your account. Verification of My Trade conducts regular audits certifying adherence to best execution standards with audit findings publicly accessible for transparency.

Prospective clients can review the Customer Agreement on the Documents page. The About page covers the company history, mission statement, how client funds are protected, and awards. In terms of regulatory oversight, there is little to none, as all three entities of this broker are based offshore.

1. The secure and user-friendly back office handles all financial transactions for verified traders, and nine payment processors exist.
2. Embedded at the core of LimeFX’ ethos is a mission resonant with global inclusivity and financial empowerment.
3. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.
4. LimeFX could improve by offering private account insurance from Lloyds of London and cutting their withdrawal fees.
5. Per AML rules, the name on the payment processor and LimeFX account must match.

The table below lists the protections and benefits by entity, regulator, and region. Yes, the broker is regulated by several authorities, including MISA, FSA, FSC, and is a member of the Financial Commission. It’s important to remember that your trading decisions should be based on your own research and preferences, empowering you to take charge of your trading journey. After completing these steps, you can verify your email and phone number, & provide the necessary details and documents to finalize your account verification.

LimeFX supports credit/debit cards, cryptocurrencies, ADVcash, and Perfect Money. Account verification is mandatory at LimeFX, as it complies with global AML/KYC requirements. Most traders will pass it by uploading a copy of their government-issued ID and one proof of residency document.