However, LimeFX offers a limited number of tradable assets, which may leave some traders dissatisfied. In all fairness to LimeFX, account funding options is an area they really excel in. You can make deposits and withdrawal using a generous range of payment options.
Like most brokers, LimeFX offers a demo account where you can try trading without risk. LimeFX’s experts provide detailed market analysis to help traders keep on top of the latest trading news. Clients that lack the time or knowledge to trade themselves can use LimeFX’s PAMM accounts and portfolio service, used by more experienced traders. I don’t like how LimeFX only has offshore regulators as these could be considered to be inferior to that of the FCA, ASIC, or CySEC. Most traders and experts advise against trading with offshore regulated brokers. You can check out our broker ratings for some alternative brokers with additional regulations.
Ridiculous support, stay away.
However, I still prefer the MT4 as I find it more user-friendly with a simple user interface. Both versions are free for you to use and available as desktop applications, WebTrader and as mobile apps. The application https://limefx.group/ interface of both platforms is very similar, both on mobile and on computers. The major difference is that the MT5, being the newer version, has more features and capabilities than the older MT4.
This holds true for its stock CFD offering, in addition to the number of commodities on offer. When making this calculation, we used one lot of EUR/USD as a benchmark as it is the most commonly traded currency pair and it usually has the tightest spread. Yes, LimeFX is a safe broker for UK residents to trade with. It maintains regulation from the Financial Services Commission of Mauritius, the Financial Services Authority of Seychelles, and is also incorporated in Saint Vincent and the Grenadines. Wise is the trading name of Wise, which is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011, Firm Reference , for the issuing of electronic money.
Trade like a PRO with the World’s best Forex VPS. This is what you get!
One drawback for beginner traders considering opening an account at LimeFX is the lack of educational and market analysis materials, forcing traders to self-educate elsewhere. I personally observed how they opened deals to me in a rollover not at the market price, that is, when buying an asset, the price opened 5-10 pips higher than the sale price! The spreads of the demo account and the real one are different. The LimeFX customer support team works from Monday to Friday. I appreciate that the support team speaks over 30 languages.
With a mission to ensure your safety, LimeFX offers instant executions, competitive spreads and modern trading technology solutions. I found the trading conditions to be acceptable although there are better forex brokers out there from my experience. LimeFX is an online brokerage firm with a global client base, range of flexible trading platforms, investor accounts and limefx scammers trading tools. However, regulation could be improved as could the number of trading instruments offered. Before you begin your trading journey, it’s very important that you understand LimeFX International’s margin requirements. Based on the margin requirement for the specific account, you can also calculate the maximum leverage you’ll be able to wield whilst trading.
JSC ‘LimeFX BANK’ SWIFT Code Details
LimeFX uses MetaTrader 4 and MetaTrader 5, which offer great flexibility, extensive charting tools and a user-friendly interface. For clients with larger trading volumes, LimeFX also offers the LimeFX International direct platform, which has superior conditions. The minimum deposit required to open an LimeFX Account is $100 USD.
- You can choose from the list of PAMM accounts that are arranged according to age, the number of investors, ranking, and returns.
- We accept Credit/Debit Cards, PayPal, Skrill and Coingate (Bitcoin & Cryptocurrencies) payments.
- On our website, you can see that a lot of users have reported scams.
- The primary difference I found is that the newer MT5 has more features just like the desktop version.
- Signal providers are rated within the MT4 or MT5 platforms.
Wise has not carried out any enquiries on the legal standing of any of the banks and financial institutions listed. If you think you’ve used the wrong SWIFT code to send money, you should get in contact with your bank right away. If it’s too late to cancel, you might have to contact the recipient yourself and request that they return your money.
Can I trust Interactive Brokers?
Interactive Brokers is considered highly trusted, with an overall Trust Score of 99 out of 99. Interactive Brokers is publicly traded, does not operate a bank, and is authorised by eight tier-1 regulators (high trust), one tier-2 regulators (average trust), and zero tier-3 regulators (low trust).