🥇 While LimeFx does not dominate the forex and CFD market in Kenya, the broker is still one of the most versatile options for Kenyan traders, ensuring that it is a part of the Top 50 brokers in the region for retail traders. In forex trading, minor currency pairs or crosses are all currency pairs that do not include the USD on one side. Due to all the above, and not limited to the above, the forex trading market is today the world’s most liquid and most volatile market, with over $5 trillion traded daily. One of the biggest scammers in the market, they always close positions automatically to cause you lose, the argument is always the same technical problems 🤔, the CS team never solve problems. Only block your account or close chat window without prior notice. The only positive point is deposit & withdraw options, if you ever been lucky enough to withdraw money from this scammers.
Does LimeFx Have Low Trading Fees?
LimeFx generally does not charge fees for deposits and withdrawals, but additional charges might apply depending on the payment method you use. For example, LimeFx charges fees for deposits and withdrawals via Bank Wire below $200. It’s important to check the broker’s website for the most up-to-date information on deposit and withdrawal fees. Our goal is to provide traders with clear, factual, and up-to-date information, helping them find the best forex broker that aligns with their trading needs. LimeFx, established 15 years ago, has carved a niche in the online brokerage industry with its diverse offerings and client-centric approach.
What funding options does LimeFx offer?
This is not just for the best possible trading conditions but also the simplicity they can offer you when it comes to everything from opening an account to making deposits/withdrawals, contacting support and trading. LimeFx offers traders a wide range of learningresources and tools to help them stay up to date on the markets and makeinformed trading decisions. LimeFx’s platforms have aone-click trading feature that lets traders make deals quickly and easily withjust one click. Most LimeFx accounts don’t charge commissions, so clients don’t have to pay extra fees for each transaction. Butthere is a small commission fee for each lot sold with the LimeFx Zero Account.
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To deposit funds in an LimeFx trading account, clients can use credit cards (Visa and Mastercard), debit cards, bank transfers, Western Union or e-wallets. These apps, compatible with a variety of devices including iPhones, iPads, and Android phones and tablets, ensure that mobile users have unrestricted access to all market types and order options. LimeFx offers a diverse range of over 1,250 CFD trading products, including forex, shares, indices, and commodities. Our analysis of over 40 leading brokers’ average monthly spreads revealed that while LimeFx’s no commission spreads are competitive, there are other brokers offering tighter spreads. That said, LimeFx falls behind with its limited pricing, range of markets, and platform offering — none of which can compete with the best brokers in this space. LimeFx provides Kenyan traders with a broad choice of incentives and promotions to entice new traders to join the platform, as well as to reward existing clients and traders who remain active.
Trading Environment
Specifically, for the EUR/USD and AUD/USD pairs, LimeFx’s average spread is 1.60 pips, which is in line with the industry average, though not the lowest on the market. LimeFx has a very advanced platform in Meta Trader 4 and Meta Trader 5. These platforms work for both personal computers, Android mobile devices and also for the IOS operated devices. This gives this platform a versatility factor in usability with various devices.
Non-Trading Fees
However, crypto CFDs aren’t available to UK clients amid FCA restrictions. The LimeFx customer support experience is a shining light in the sector. The broker provides firstly for an extensive range of answers to the most commonly asked trader questions through a detailed FAQ section.
LimeFx Group is a multi-award winning globally established and regulated broker that offers tight spreads, fast execution speeds and low commission fees, for trading over 1,000 instruments on user-friendly platforms. They also provide education, market analysis tools and convenient funding options. To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process.
- If you are new to trading online and would like to learn more about the different platforms available and how to use them, LimeFx have a generous selection of tutorial videos that can help.
- LimeFx currently has more than 300 professionals, each of whom has long-year experiences within the financial industry.
- It offers a very low deposit of $5, its educational materials are among the best we have seen, there is an unlimited demo account, plus around-the-clock customer support.
- The company holds registration from the Cyprus Securities and Exchange Commission (CySEC) and Financial Services Commission (FSC).
Existing clients can get a50% Deposit Bonus up to $500 and an extra 20% Deposit Bonus up to $4,500through a two-tiered Deposit Bonus program. These bonuses are available forboth Micro and Standard accounts, and clients’ trading accounts can get them immediately. Furthermore, it isimportant for buyers to learn about the rules that apply to their area and typeof account, as rules can be different based on where traders live and what kindof account they have. A two-tier bonus offering 50% up to $500 and 20% up to a total maximum of $5,000 on top of your deposit, giving you a significant trading advantage. Fund your account now using our various payment methods.This promotion is not eligible for clients registered under Trading Point of Financial Instruments Ltd.
The LimeFx calculators allow you to make accurate assessments at the right time to make the most out of your trades. They can save hours in time over the long run which is better spent doing other things like following the latest market news and keeping track of any open positions. You can automate your analysis and gain access to the proprietary indicators by contacting your personal account manager at limefx scam LimeFx Group who will be happy to get you started and provide you with assistance. I don’t usually require assistance from the account manager as I have been trading for many years. However, it is a great option if you are new to trading and need some guidance along the way. LimeFx puts a lot of emphasis on trader educationand offers a wide range of learning tools and resources to help traders becomebetter.
BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing. LimeFx’s customer service is easy to access and provides support in multiple languages.
All of these factors help to ensure that LimeFx Group provides among the best possible trading conditions for forex traders. I find I can save a lot on trading costs and improve my trading conditions by using a forex broker on the scale of LimeFx Group. LimeFx Group provide you with very good proprietary trading tools for the MetaTrader 4/5 trading platforms.
Our clients also enjoy trading from a single multi asset platform with some of the most competitive spreads and with our no rejection of orders and no re-quotes execution policy. You can see the most recent political and social headlines that could affect the foreign exchange market under the “market overview” page. Clicking on the “News” page allows you to access articles covering the fundamental outlook on individual assets.
LimeFx Zero Account holders pay a commission fee of $3.50 per standard lot, per $100,000 traded ($7 roundturn). The LimeFx Micro and Standard Accounts are commission-free account types with spreads starting from 1 pip. Our forex comparisons and broker reviews are reader supported and we may receive payment https://limefx.vip/ when you click on a link to a partner site. This is an account that matches the needs of novice and experienced traders. The MetaTrader 5 platform has been tailored to fit the needs of LimeFx customers regardless of their preferred trading style or asset class, and this resulted in the LimeFx MT5.
LimeFx Global keeps you up to date with the latest market news and analysis which can help to provide you with some of the information that you need in order to make informed trading decisions. Trade ideas are posted which can inspire possible trade ideas that you may have otherwise overlooked. You can access technical summaries of your favourite instruments with a few clicks and stay informed of economic events with an economic calendar. LimeFx TV keeps financial market news under its radar, so you never need to miss any important news event. You can even listen to podcasts where professional traders are being interviewed and learn from their experiences.
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