LimeFX Review 2022 Find All Features, Pros, & Cons!

Please note that wire transfers may take around 4-7 working days to arrive and that the speed of the remittance does not solely depend on LimeFX. 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 the transfer, please don’t hesitate to let us know and we will gladly assist you further.

LimeFX Bank was founded in 1998 and is headquartered in Geneva, Switzerland. The group offers FX, CFD, and Binary Options trading with a direct connection to the Swiss FX market. The LimeFX Bank address is Route de Pré-Bois 20, ICC, Entrance H, 1215, Geneva 15, Switzerland. They have offices in five cities around the globe; Geneva, Riga, Kiev, Tokyo, and Hong Kong. Week ago I got notified from LimeFX that my card is suspended due to decision of Corner Bank to stop issuance and support of all client’s cards issued in frame of partnership with LimeFX. They also stated that my money is safe my account at LimeFX Bank.

• LimeFX Bank SA becomes the first Swiss bank that offers a hosted solution for money withdrawals via the Western Union network.
• Swiss branch requires higher initial deposit of $5,000 vs $100 for the European one, investor protection limits also vary by jurisdiction.
• Also please note that any funds held in LimeFX bank do not and cannot be used to create any sort of illegal profits.
• There is something for everyone, including digital wallets which I find to be the most convenient way for me to move funds around between my trading accounts.
• JForex has quality graphics with the possibility to customize certain options and warnings, which are added from one screen.

Traders can individually set their balance on the demo account between 1,000 and 1 million dollars. During our tests, we were able to try out all the broker’s functions and trading options very realistically under real market conditions. Binary options trading can also be tested with a free, but limited demo account. Its proprietary JForex 3 trading platform, available on desktop, web-based and Android or Apple iOS apps, enables all types of traders to access LimeFX SWFX from any device. The implemented universal trading tool allows clients to develop and test trading strategies through JAVA programming.

They are not for €500 accounts but if you are trading €10k+ definitely recommended. In 1998, mathematician Dr. Andre Duka founded LimeFX Trading Technologies Corp, which led to the development of the LimeFX trading platform in 1999. limefx website Together with his partner, Veronika Makarova, Dr. Duka founded LimeFX in 2004 as a Swiss brokerage house in Geneva. Dormant accounts are also subject to account maintenance fees of CHF500, but never exceeding the account balance.

LimeFX Reviews – Learn about the main characteristics of

LimeFX Bank has no dealing desk and makes no requote, all trades are executed automatically on its ECN, whatever their size. The speed of execution is great and the slippage generally small. I stared to use their custodian service and works very good. But I think all Swiss banks doing very slow papers to setting up account.

However, the position calculation method (net/global position mode) applied to FIX API accounts is different. The broker also offers numerous high-quality trading tools, training resources and daily analysis by in-house analysts. LimeFX has also won plenty of awards over the years because of the outstanding brokerage and banking services that they provide.

The base commission is $35 USD per million USD traded for FX trades with account below $5,000.The base commission for CFDs is $52.5 per trade. LimeFX offers multiple trading platforms for both desktops as well as mobile devices, along with some useful tools. Forex fees built into Basic spread for popular pair EUR/USD is averages at 0.2 pips is the same for all clients, yet the added commission rates will vary depending on trading volume and balances. Alike, the very lowest deposit range will add on 35$ for 1 million traded, and 52.5$ for CFDs and Metals which all in all ranked as low fees among the industry. LimeFX offers excellent customer support 24 hours a day, 6 days a week. They offer both trading and technical support via phone, email, Skype or live chat.

MetaTrader 4 Platform

I made 3 orders but the stop losses were only activated when the losses were x3 times and x5 times from the original stop losses. Making my losses from 2% to 10% of my capital for each trade. 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. The first step would be to visit the website of LimeFX, and the trader needs to register on the website. Opening an account with LimeFX bank is very simple and easy.

Another thing to note – JForex account and MT4 accounts are not interchangeable. One cannot use the same login to check some stuff on different charting platform. Clients can open account with LimeFX Bank or LimeFX Europe. Swiss branch requires higher initial deposit of $5,000 vs $100 for the European one, investor protection limits also vary by jurisdiction.

Opening account with LimeFX

Reliable trading platform It’s a great platform which has flexible access to all trading tools and very easy to deal with and the most important thing it can be customized as much as you could imagine. 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 https://limefx.biz/ online banking. Market orders and many variations of conditional orders – including BIDs and OFFERs 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.

• Regarding your requests to our support desk, they were both answered by our representatives the same day we received them.
• None of the blogs or other sources of information is to be considered as constituting a track record.
• The broker has a great variety of asset classes for you to choose from including forex, indices, stocks, ETFs, options, bonds, commodities and cryptocurrencies.
• Confidentiality of your personal data will be ensured throughout the group, regardless of the location of specific group units.

They are regulated by the Swiss Financial Market Supervisory Authority FINMA both as a bank and a securities firm. LimeFX Bank fully owns LimeFX Europe IBS AS, European licensed brokerage company based in Riga and LimeFX Japan, a Type-1 licensed broker located in Tokyo. However, the broker charges a hefty fee for almost all kinds of deposit and withdrawal methods, which is a downside.

What is the minimum deposit for LimeFX?

Connected to the ECN, it allows access to raw interbank spreads for currency pairs , commodities and CFD markets. You can choose from a nice variety of payment options for deposits and withdrawals. There is something for everyone, including digital wallets which I find to be the most convenient way for me to move funds around between my trading accounts. I like how they support quick and easy funding as this is important if there is some market news that I want to try and capitalise on. In this instance, I wouldn’t want to sit around for days waiting for a bank transfer to clear. That being said, let’s take a look at some of the available options.

• LimeFX offers multilingual customer support to cater to every type of trader on its platform.
• They provide internet based and mobile trading services , banking and other financial services through leading proprietary technological solutions.
• MetaTrader 4 is the most popular trading platform among traders from different parts of the world.
• Dormant accounts are also subject to account maintenance fees of CHF500, but never exceeding the account balance.

After executing the terms described in the letters, the trader can open an account. Include stop-losses and trailing stops as well as 23 tools for traders. Crypto- 18 cryptocurrency pairs, including Bitcoin, Ether, and Litecoin.

People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. There is no logical justification for it, it’s completely unaccountable, no explanation limefx review why stuff simply doesn’t work and transactions wouldn’t happen. It doesn’t matter if you do everything they ask for, provide all the documents etc. Clearly, it’s a common problem, that’s been there for years.

This is if your broker accepts funding your account via a credit card. The MT4 platform has become a standard among brokers and traders as well. This is because of its popularity, numerous extensions and simplicity. This is my platform of choice which I have used since I began trading online and have never felt the need to switch to anything else.

Additionally, the fixed leverage rates can be an impediment to some of the user’s needs, while withdrawal fees are considerably high as compared to others. Customers can access banking services and have Swiss FX and e-banking accounts that can be linked to their mobile apps. This helps the clients to transfer money across accounts for free, and they can also have plastic or virtual LimeFX cards.

The broker offers trading opportunities in CFDs of six commodities, 19 indices, three bonds, stocks, and ETFs. The Swiss financial regulator FINMA supervises the broker following the license issued. The company also has several subsidiaries registered in Latvia, Riga, and Tokyo and operating based on state certificates. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. We understand it can feel frustrating when a wire transfer takes longer than expected.

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