limefx Review and Experiences
Contents
A negative is high charges and spreads and account requirements are quite high, but this is not a problem form me because I am a long time trader so spreads don’t affect me. During this term, I hadn’t any problems, because all of them were fastly resolved by support. The best sides of that broker are constantly improving execution and very high level of quality limefx website like a usual swiss bank. limefx features live economic news calendar, news stream by MarketPulse and Reuters, SWFX Sentiment Index, and a host of other tools for traders. limefx offers proprietary JForex 3 trading platform which supports algorithmic trading, custom indicators, and has hundreds of apps available for it at limefx app store.
Can I transfer money from Binance to my bank account?
Binance accommodates for fiat withdrawals for any amount available in your account via different payment methods. To withdraw money from your account to a bank account, you can choose either the Bank Transfer SWIFT method or Instant card withdrawal.
limefx Bank offers two types of current accounts—Standard Current Account and Mobile Current Account . Dormant Account Policy – limefx encourages clients to prevent their accounts from going dormant. The FX broker is required by law to report all dormant accounts that have more than https://limefx.club/ CHF 100 to a data bank accessible only by the Swiss Banking Ombudsman. In addition to this protection, limefx Bank protects trader deposits by carefully managing its liquidity and assets. It does not have any real estate property or risky securities and does not provide credit.
limefx Review – Pros and Cons
The name on the card must match the name on the account and deposits cannot exceed $10,000 USD. limefx does not charge a fee for deposit but the bank’s processing partner will. Gold Accounts – limefx Bank clients can deposit physical gold if they choose. There is no cost to open the account but limefx charges a 1% annual maintenance fee for custodial services.
limefx Bank offers a number of trading platforms that enables access to the Swiss Forex Marketplace . These platforms are designed in such a way that traders can easily make decisions and act upon them in any market condition. They support a variety of trading orders, including Stop, Limit, Market, Take Profit, Trailing Stop, Stop Limit, Stop Loss, Place Bid/Offer, and others.
- limefx offers 24/6 customer service via phone, e-mail, and live chat, and traders have reported a positive experience in reaching out to this broker by using all of the three channels.
- The chatting facilities can be operated seamlessly, it also offers technical indicators for trading and mobile trading for its traders.
- Moving on to the positives of this limefx Review, clients from most other countries worldwide are accepted and have at least some form of real trading capabilities with the brokerage.
- It doesn’t cost anything to open a 14-day demo account at limefx.
The broker’s impressive trading community with resources and research materials, as well as numerous contests that are diverse even to the trader’s hobbies. Along with great support not only by their multiple teams around the world but by plenty of research sources, diverse learning and analytical data. One should know that Forex trading or any other kind of trading involves high risks, and is not suitable for everyone.
A mystery how this “bank” even exists
Account holders cannot withdraw any physical gold from their accounts, only the equivalent value in their selected currency. If you are interested in opening a gold account, you can contact your account manager. The procedure lasts a few minutes, and the account holder should be at least 14 years old.
The Japanese branch is limefx Japan K.K, which is a Type-1 licensed broker located in Tokyo and regulated by the Financial Services Agency of Japan . This is a big institution, with several branches and sometimes with complicated procedures. I’ve had to spend a lot of time to understand all the structure limefx courses scam and get all the information and this means they suck at user-friendliness but don’t worry, it’s not a deal-breaker. All information on 55brokers.com is only published for general information purposes. We do not present any investment advice or guarantees for the accuracy and reliability of the information.
limefx Alternatives
It’s a good idea to contact customer support to request assistance before signing up for an account. To conclude, we can say that limefx is the best choice for advanced traders, as this broker provides research, unique features and tools, and competitive rates for its users. It also offers a demo account, a dedicated customer service, various types of trading platforms, which can be used by different types of traders for trading. It has also won several awards, and it is best in class across six categories, such as features and tools, commission and fees, crypto trading, mobile, and overall, for the year 2021.
- ECN accounts, trading fees, bonus programs, trading platforms, Gold accounts, managed accounts, social signal trading and various other options are provided.
- Throughout their active position in the industry and engagement into social activities through communities, the broker gained a reputable place in the market.
- The Swiss brokerage has added one more location to its global network.
- Leveraged margin trading and binary options entail a high risk of losing money rapidly.
There’s also an iPhone app for everybody who wants to trade with his mobile. Traders are provided with extensive research, consisting of written content and charts, in a well-presented format. The Trading Ideas main page is where all the research material can be accessed. limefx TV is another source of valuable information, while numerous trading tools enable manual traders to find their next trade. limefx video tutorials cover three topics related to the bank’s services, while webinars provide the general educational content. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
limefx.com Switzerland Based Forex Trading Broker Review
Fees provide a small negative in this section of our limefx Review. Card deposits are charged at 2% with withdrawals at €1.50 + 2.5%. With ewallets, both deposits and withdrawals are charged at 2.5%.
If a trader refers to a friend, they enjoy a 100% discount for their future trading activities and commissions. Top forex brokers, and if you are looking for country-specific, like UAE forex brokers, & get details on various platforms. limefx Bank accepts deposits with a wide range of currencies for forex trading. One of the quickest and simple ways to fund the account is through wire transfer, which is cleared in 1- 2 working days.
Types of limefx Trading Platforms
One of the major differences is that the client can choose the MetaTrader 4 platform or the proprietary platform of limefx, the JForex platform. limefx is a Swiss Forex and CFD broker with multiple options for traders. Along with trading services, they also offer other banking services of interest to FX traders, corporations, and institutions. Services apart from FX and CFD trading include but are not limited to foreign exchange, credit cards, and e-banking.
They can also use the online form provided on the website for a callback, email, fax, or contact them through the phone. Moreover, the withdrawal cost for a payment card is 1.5Euro with a 2.5% flat commission, while the withdrawal cost for Neteller or Skrill is 2.5%, and the withdrawal cost for Bitcoin is USD 30. Deposits made through e-wallet and crypto are credited immediately, but it may take up to 24 hours to be reflected in their account. The first step would be to visit the website of limefx, and the trader needs to register on the website.
DEMO
The Forex European account only requires a minimum deposit of $100. There are minimal benefits that open up with a more significant deposit. You can choose to open an account either on the JForex platform or on the MT4 trading platform. limefx is an award-winning Forex, CFD and options broker, based in Geneva, Switzerland with subsidiaries in Europe and Japan.
The coding of the automated trading feature can be done by using Java programming language, even though traders can also place their trades manually. limefx is not the only online brokerage firm out there, as there is a large number of trading platforms available. FIt can take you a while to browse through them all to identify the best online broker that suits your needs the most. This review should give you an good overview of limefx, how it works and what they offer.
This is because they operate a tier system that depends on a number of factors. Clients categorised by monthly trading volume, net deposit, and a number of other factors. Additionally, the fees differ for clients trading on their own and for clients trading with an external manager or attorney.