Active Traders pay commission fees of $50 to $60 round turn per million worth of trade. With this account status, you get cash rebates when your trades exceed US$10 million in a month and receive up to $10,000 in rebates depending on the instruments you traded and the notional value of the trade. To open an account with Lime Fx, visit their website, complete the registration process, submit required documents, and make a minimum deposit of $50.
If you funded your account with a credit card or debit card, it is required to withdraw the principal amount (deposit amount) back to your credit card. The credit card issuer may take from five business days to one billing cycle (approximately thirty days) to post back to the credit or debit card used for funding. When requesting a withdrawal to a credit card, please consider if that card is closed, expired, or a different credit card number has been issued, to choose an alternative method of withdrawal. Newer traders can access a wealth of educational resources, an unlimited demo account and reliable customer support, while algorithmic traders can take advantage of Lime Fx’s automated trading software.
For over two decades, Lime Fx has stood as a stalwart in the online brokerage industry, earning a solid reputation for reliability and expertise. Since its inception in 1999, Lime Fx has continuously empowered its clients with access to a diverse portfolio featuring over 40 currency pairs and an extensive array of CFDs. Alongside these offerings, Lime Fx takes pride in delivering competitive spreads, budget-friendly commissions, and unwavering customer support. One of Lime Fx’s notable attributes is the depth and variety in its list of tradable instruments, making it appealing to users who want to diversify across various segments or to employ multiple trading tactics. While forex remains a core aspect, Lime Fx extends its coverage to stock indices, commodities, digital assets (in applicable regions), and individual equity CFDs.
Fees and Commissions
International wires arrive to Lime Fx approximately 3 to 5 business days, often less, after the request has been initiated from your bank. Domestic wires arrive to Lime Fx approximately 1 to 2 business days, often less, after the request has been initiated from your bank. Please note that the credit card used for funding will be the same card used to return fund to when a withdrawal is requested.
- By offering a spectrum of accounts, Lime Fx ensures each participant finds an optimal match aligned with their particular trading profile.
- Meaning, that funds will be returned to the same card used for the deposit as a ‘purchase return’.
- However, users can only trade a limited selection of forex and CFDs, and the mobile and desktop platforms are lacking in usability when compared to the competition.
- Lime Fx customers who use their Lime Fx platform for trading and making profits do not have to pay any clearance fees because the Lime Fx trading platform does not do so.
- Requests will need to be submitted via email to email protected from the email address on file with your trading account.
- No, Lime Fx does not accept clients from the United States due to regulatory restrictions.
Opening an Account
All these features make Lime Fx an excellent choice for limefx review anyone looking for a reliable broker in 2023. Launched in 1999, Lime Fx has evolved dramatically in both size and international reach, now catering to the needs of tens of thousands of users operating in a multitude of global regions. Lime Fx offers competitive trading fees, including low spreads of 0.6 pips on popular currency pairs like AUD/USD.
If the card you previously used is linked to your new card, you can proceed with a withdrawal back to the card on MyLime Fx. (It is best to confirm with your bank that your new card is linked to the same account as your previous, expired/replaced card). Meaning, that funds will be returned to the same card used for the deposit as a ‘purchase return’. These types of financial institutions are considered high-risk for money laundering. The SWIFT Code is a standard format for Business Identifier Codes (BIC) and it’s used to uniquely identify banks and financial institutions globally – it says who and where they are.
Lime Fx also offers a demo account so traders can practice their skills before investing real money in the markets. This is a great way to gain confidence in your trading skills before risking your hard-earned money. Moreover, Lime Fx offers low spreads and commissions which make it one of the most cost-effective brokers out there today.
- Combined with VIP discounts for active traders, Lime Fx proves to be a cost-effective option.
- You may fund your account once you receive your username and password.
- Lime Fx serves more than 200,000 Global clients and provides 24/5 client support.
When investing in crypto CFDs with Lime Fx, the trading fees are included in the spread and there are no commission fees when opening and closing positions. Our researchers open personal brokerage accounts and test all available platforms on desktop, web, and mobile for each broker reviewed on ForexBrokers.com. And deposit this $50 in ZAR which will convertedwhile making deposit. To get this benefit, you need to make a deposit of $300 in your trading account balance and have a minimum of 500,000 units trading volume within 3 months period after claiming the promotion. Lime Fx is a reputed forex broker that has been around for quite long time.
Great customer support is essential for increasing the company’s client base. Lime Fx offers professionally trained limefx official site customer service agents that are available 24 hours a day, 5 days a week. You can send them an email, call, or chat using their web page or WhatsApp. There are 1.3 pips average spreads on EUR/USD, and commissions are not charged for trading.
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