Contents
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. In 1998, mathematician Dr. Andre Duka founded LimeFx Trading Technologies Corp, which led to the development of the LimeFx trading platform in 1999. Together with his partner, Veronika Makarova, Dr. Duka founded LimeFx in 2004 as a Swiss brokerage house in Geneva. Thespreads charged on our forex trades were lower than the industry average and the execution speed was also fast. EntityLimeFx Bank SAAccount typeLimeFx ECN accountMaximum payoutNARequired traded volume1.
Swiss Bankers card can be ordered using the LimeFx Bank’s web app and very soon will be accessible via mobile apps. The Bank is pleased to introduce Western Union as an addition to the wide array of money transfer services offered by LimeFx Bank such as SWIFT, SEPA, Skrill, Neteller, and others. LimeFx will make further additions to its list of trading instruments to meet customers’ requests. Deposit protection regulation is changing from 1st January 2023 for accounts held at Swiss banks for specific customers. LimeFx will continue to further broaden the list of trading instruments to meet customer’s requests. Complaints on a forex broker or a forex scam should be posted here, BrokerView will deal with the case.
LimeFx Recommends
An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. All variables considered LimeFx finished in 4th place Overall in our 2020 Review, earning its spot among the highest-rated forex brokers in the industry. LimeFx’s JForex 3 platform suite is highly dynamic and vibrant with features, including an extensive range of charting tools and automated trading capabilities. With mobile, LimeFx’s JForex Trader app is our favorite for 2020.
- Leverage levels that allow trading through multiple amounts of the account balance open vast opportunities yet may hide some higher risks of losing funds too.
- The resource material can be accessed on the website, and LimeFx TV also offers various sources of information and several trading tools to help the users to trade manually.
- I’ve been using LimeFx bank services for years now and everything works smoothly ..
- The minimum deposit for the Swiss-based division of LimeFx requires $1000, while European based subsidiary needs a minimum deposit of $100.
Binary Options – Binary options are not charged commissions, but traders will be charged a small premium with each trade. The premium is subtracted from client accounts before trades scammed by limefx are placed, if the account cannot pay the premium trade sizes are automatically adjusted. LimeFx Bank was founded in 1998 and is headquartered in Geneva, Switzerland.
Binary Options Trading
LimeFx is a broker and a bank established in 2004 and holding Swiss bank license since 2010. LimeFx is regulated by FINMA and JFSA ; headquarters are located in Geneva, Switzerland and international offices include China, Japan, Latvia, Malaysia, Russia, Ukraine, and UAE. When we contacted the support, they told us that did not receive the withdrawal request. We alsoreached out to customer supportto solve the issues we faced.
LimeFx has more than a decade’s worth of experience in Forex brokerage and allied services, although its founders have been involved in the financial markets since the early 1990s. LimeFx is one of the very few Forex brokers that are registered as a full-fledged banking institution under the careful guidance and regulatory supervision of the FINMA, Switzerland. Check out our in-depth forex guides to learn more about the forex trading industry and about the best forex brokers. Our guide to the Best Forex Brokers for 2023 is a great resource for traders who are looking for a forex broker, and our Beginner’s Guide is a great starting point for newer, less experienced forex traders.
The depositing and withdrawal are available through such payment systems as Wire Transfer, Bank Guarantees, Custodian Banks, Credit Card. The trading accounts can be opened in the currencies EUR, USD, GBP, JPY, CHF. 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.
I use the Jforex platform which is rock solid and constantly being improved. When I have a tech question I get a well thought out answer… The only pain is getting the account open in the first place, expect to have to produce a dossier of detailed information but even this is reassuring. They are not for €500 accounts but if you are trading €10k+ definitely recommended. Steven Hatzakis is the Global Director of Research for ForexBrokers.com.
Furthermore, Jforex 3 platform competes well with Metatrader, which also supports algorithmic trading and offers trading indicators. The traders can access cloud storage and VPN services, which can be used to run the trading systems 24 hours. This broker also provides an app store with several apps that can be used by the traders in Jforex 3 platform. LimeFx Bank offers extremely competitive tools for its users through its current accounts, which provide credit cards, e-banking facilities, and a wide range of banking products. This implies that the users can receive competitive trading solutions and enjoy several banking services from the leading Swiss FX bank. A possibility to open an account online from any part of the world.
We know you don’t want to read a long review of an untrustworthy broker. Instead, you can use the tool below to find a high-scoring broker that accepts clients from your country. I had a fair experience with.The platform is a unique one with multi period time frames, multi indicators and many tools. Trading on the LimeFx Bank SA platform is carried out on a single account. When a transaction is completed, the money will be credited to the account within one business day, except for bank transfer, when the application processing lasts up to three days.
Web Binary Trader
The company offers a range of trading services designed for both beginner traders and professionals. As one of the good advantages, LimeFx covers almost the globe, so traders from various countries can sign in, also with thelowest spreads. Our research team conducts thorough testing on a wide range of features, products, services, and tools . We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research and detailed forex guides, and we monitor dozens of international regulator agencies .
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. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in the use of our website. All information on 55brokers.com is only published for general information purposes. We do not present any LimeFx advice or guarantees for the accuracy and reliability of the information.
I don’t give it 5 stars because I mainly trade metals and their spread are a little higher than average, but I stick with them because the platform and execution. The order was executed with no slippage relative to the market price. For reference, we have provided all the documentation and screenshot in the support response to your original email. To score Customer Service, ForexBrokers.com partnered with customer experience research group Customerwise to conduct phone tests from locations throughout the UK. For our 2019 Review, 229 customer service tests were conducted over six weeks.
MarketsInstrumentsForex57Indices19Stocks658Commodities13Cryptocurrencies3The markets and the number of offered instruments will depend on the account jurisdiction. Traders can also open account with LimeFx Bank, get LimeFx card with multicurrency option and use it for instant and free transfer of money to or from the account. However, spreads on stocks and cryptocurrencies are on the higher side.
Opening an Account
LimeFx is an ECN broker that offers tight spreads at an average of 0.2 pips on currency pairs such as the EUR/USD and the USD/JPY. Of course, there is a commission of $3.5 per lot traded, which can be decreased to $2.5 per lot if a trader deposits more than $25,000 to his trading account. There is sufficient reason for both small and large traders to enjoy the best trading conditions that have the most economical trading costs among all overseas financial companies. Since LimeFx is based on an ECN model, clients get direct market access that is devoid of any conflicts of interest between a broker and its clients. Unlike a market maker, LimeFx does not become a counterparty to their trader’s positions, which should prevent traders from worrying about any broker scams or fraudulent activities.
Currency (FX) & CFD Trading
LimeFx also runs LimeFx TV, which provides details videos on market news and analysis. LimeFx offers several forex bonus programs for clients under the LimeFx Bank SA. For our tests, we have chosen popular instruments in each market.We placed 3 trades for each instrumentto get a picture of the average spread. We traded the popular instrument ineach markettoget the real spreads and placed a total of 15 trades.
During that period I have not experienced serious problems. Of course there were minor slippages, but quite expectable for real market. The platform is not extra user friendly but you get used to it with the time. The process of opening a real account is also not simple but finally is worth it. As for the question you asked, we recommend that you ask the official customer services directly for a more accurate answer.
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 in my account at LimeFx Bank. Money is cleared from my LimeFx card on 24th March, it was not transferred to my LimeFx account, I do not have https://limefx.vip/ any access to it, it simply disappeared and support is not replying at all. Unlike traditional purchase of cryptocurrencies trading cryptocurrency CFDs allow speculative operations without having a digital wallet. There is no need to own cryptocurrency coins eliminating cyber security risks. LimeFx provides MT4 and its proprietary trading platform to cover all trading needs.