When we registered for a new live account, we were offered a 100% deposit bonus on our first payment and a 55% reward for every deposit thereafter. There were also competitions for luxury items such as cars and electronics for traders who deposit at least £1000. You can opt into bonuses and promotions when adding funds to your live profile or via the ‘Campaign’ area.
LimeFX appeals to all classes of traders – beginners, experienced and professionals. The subsidiaries include Instant Trading Ltd, Instant Trading EU Ltd, InstaVestor Ltd, Insta Service Ltd, and Insta Global Ltd. The regulators include CySEC, the British Virgin Islands Financial Services Commission, and the Central Bank of Russia.
Customer Support
The Cyprus Investment Firm (CIF) comes under the MiFID directives, which allows it to offer its services to the other countries within the EEA and outside the EU. The CySEC regulations also bring the LimeFX broker under the membership of the Investor Compensation Fund (ICF). The LimeFX MetaTrader 4 platform is a user-friendly interface available in 39 languages and is accessible on all computers and mobile devices. Clients can also register for bonuses, actively participate in the contests and promotions, and win prizes worth millions of dollars every year. These include Best Broker in Asia, Western Europe and CIS Countries, with the most recent accolade being the Most Active Broker in Asia 2020 by AtoZ Markets.
UK traders can fund accounts using credit and debit cards, wire transfers, plus cryptos such as Bitcoin. Wire transfer deposits can take up to four days while payments made by bank cards are usually processed within 24 hours and cryptocurrency payments take three hours. Deposits and withdrawals are processed limefx reviews by the broker between 8 AM and 5 PM (UTC+00) Monday to Friday. The MetaTrader 4 and MetaTrader 5 terminals are also both available as mobile-compatible apps. However at the time of writing, both applications are only available to download on Android devices due to Apple App Store restrictions.
Eurica Accounts
For instance, wire transfers can take up to four working days while bank card withdrawals can take up to six business days. LimeFX does not provide traders with the opportunity to carry out social trading. However, clients can copy the trades of professionals and successful traders from the broker’s trading community. The platform comes with a clean user interface, is accessible in 10 languages, and supports CFDs in FX, precious metals and shares. You can execute both intra-day or carry positions until expiry with a minimum deposit of $1.
- On the flip side, the trading costs – especially the spread – are very high, the helpdesk could be better, and the email delivery system needs improvement.
- If a copied trade is in-the-money, a follower pays commission that is determined by every trader.
- Users can download the proprietary MobileTrader app to iOS and Android (APK) devices.
- On the downside, the number of apps is bordering on overwhelming and may confuse new traders.
- The $1 minimum deposit and free demo account will also appeal to beginners.
- This LimeFX review will cover how to deposit to a live account and place a trade.
LimeFX is a global broker well-known for its welcome bonuses and trading promotions. UK traders can take positions on 300+ instruments through the MT4 and MT5 platforms, plus a proprietary WebTrader. This LimeFX review will cover how to deposit to a live account and place a trade. Our experts also evaluate the account types, minimum deposits, client cabinet features, login security, market access, and fees. LimeFX offers a range of welcome bonuses and trading contests to new and existing users. The $1 minimum deposit and free demo account will also appeal to beginners.
LimeFX Account Types
LimeFX cryptocurrencies trading is accessible from MetaTrader 4 and InstaTrader’s proprietary IFXBIT platform. However, the CFD broker offers a limited choice of only five digital currencies, comprising bitcoin, bitcoin cash, Ethereum, Litecoin and Ripple. In comparison, individuals registering for the other two account types – Insta Eurica and Cent Eurica – do not have a bid-ask difference. Scalpers and algo traders may find the spreads a little high for their liking, despite the broker not charging a commission. One way to avoid the high spread is to choose either the zero spread Insta or the Cent Eurika Accounts.
For more experienced investors, there are daily market insights from over 30 forex analysts, news reports, technical overviews, and forecasts. Dividend calculators and https://limefx.group/ profit & loss forecasting tools can also help with trading decisions. In addition, LimeFX TV has several interviews, trade breakdowns, and strategic guidance.
- Forex copy trading on the LimeFX platform is beneficial to both copy traders and followers.
- LimeFX is a CFD broker providing access to forex, stocks, cryptocurrencies, commodities, energies, indices, and more.
- We found it intriguing that LimeFX has not provided telephone numbers for individuals or clients to get in touch, except for those registering in Europe.
- Depending on current availability, offers can include a 30% to 100% welcome deposit bonus, a demo contest, and monthly participation in a deposit rebate scheme.
- Scalpers and algo traders may find the spreads a little high for their liking, despite the broker not charging a commission.
UK traders should be aware that this licensing is not top-tier, and customer safeguarding may not be as prominent as seen by FCA-regulated brokers. Note, the MultiTerminal service is also compatible with MT4, allowing clients to manage several trading accounts at once. The browser-based terminal can be used to make tick trades with 6-digit quotes and an intuitive look and feel. Other charges to take into account include a £5 monthly fee after six months of no account activity, plus swap fees for positions kept open overnight.
Two-factor authentication (2FA) can also be enabled when logging in to trading platforms. In addition, you can view the IP addresses that access your account so you can monitor client area logins. MT4 supports all browsers – Windows, Linux, macOS, and the handheld Android and iPhone devices. All the platforms come with reliable data protection and free access to the MQL5 community.
Is LimeFX A Good Choice For UK Traders?
Users can download the proprietary MobileTrader app to iOS and Android (APK) devices. This all-in-one solution allows clients to manage accounts, open and close positions, analyse the markets, and access live news streams. The broker offers traders the choice of CFD and binary options on 300+ products comprising FX, commodities, cryptocurrencies, indices, shares and futures.
LimeFX Review 2023
Retail investors in Europe receive protection and compensation of up to €20,000 if the broker fails to settle claims or goes into administration. European residents signing up with the broker are also eligible for negative balance protection, limefx stringent client privacy, and data security framework of the regulator. The LimeFX MT4 mobile trading application is accessible on Android smartphones, iPhones and iPads and has most of the features of the computer-based terminals.
The CFD broker provides 24/7 client support in more than 30 languages, and the website is also accessible in 22 tongues. LimeFX is an active participant in various international expos and financial conferences and has taken part in more than 50 such events so far. If you are a crypto enthusiast, LimeFX offers the IFXBIT platform to trade cryptocurrencies, while binary options enthusiasts can access the exclusive InstaTick Trader.
You can choose the copying scale, the currency pair, and set the daily limit for copying. This comprehensive approach allows us to recommend the best brokers for different experience levels, trading styles and budgets. Our experts were impressed with the wealth of educational content, particularly for beginners. The website hosts a variety of video tutorials, key term glossaries, online training courses, and a full knowledge base of articles and resources.
LimeFX vs Other Brokers
If you are a professional trader, you have a choice between high trading costs, the zero spread account type, the security of deposits and competitive brokerages. LimeFX is regulated offshore by the British Virgin Islands Financial Services Commission (BVI SVG). The company does not offer negative balance protection or provide access to compensation schemes in the case of business failure. There is also no negative balance protection and some of the broker’s bonuses come with tough volume requirements. LimeFX offers reliable customer support, available around the clock in 17 languages.