LimeFx forex broker: Is it safe to open a LimeFx Forex broker account from India without not letting the government know about it, or will they inform it?

LimeFx forex broker
LimeFx forex broker

LimeFx Bank operates its own liquidity pool called the SWFX Marketplace. LimeFx has access to liquidity providers, locating its servers in Equinix data centers. Both offer a relatively large number of markets to trade, providing Stocks CFDs in addition to a wide range of other markets. I’m really surprised by the negative reviews, as my experience was really positive.

One of the major differences is that the client can choose the MetaTrader 4 platform or the proprietary platform of LimeFx, the JForex 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.

NewsLimeFx Issues Alert Regarding Fraudulent Clone

The Rating Formula is based on a 4-factor mathematical model including the 4 major aspects of Trading. Learn how to trade cryptocurrencies by combining technical analysis, on-chain analysis, and crypto fundamentals… 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.

LimeFx sees profit surge of 195% in H1 2022 – Leaprate Forex Trading News

LimeFx sees profit surge of 195% in H1 2022.

Posted: Fri, 29 Jul 2022 07:00:00 GMT [source]

LimeFx will then match the investor’s sell trades with its other clients’ buy trades at the same ask price. It will match investors’ buy trades with its other clients’ sell trades at the same bid price. Thus, the investor becomes a liquidity provider and gets the opportunity to earn a share of the income.

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Our institution is currently taking all required measures and legal remedies to protect its interests and its clients’ interests. LimeFx Bank warns any person or client that may have any contact with this fraudulent organisation to avoid any cooperation with this scam company LimeFx Bank SA of Kazakhstan LLC. The total number of instruments that can be traded on the SWFX marketplace has reached 1160. All other card features remain intact and clients may continue to enjoy shopping wherever Mastercard cards are accepted and use Apple Pay, Google Pay and Samsung Pay among other payment methods. As a result of these changes, clients with Swiss Bankers cards from LimeFx Bank SA can now see real-time card balances in any of Multi-Currency Account applications.

LimeFx forex broker

LimeFx Bank is a Swiss online bank which provides online and mobile trading, banking and financial services. Headquartered in Geneva, Switzerland, it has offices in Riga, Kyiv, Moscow, Kuala Lumpur, Hong Kong, Shanghai, Dubai and Tokyo, with over 300 employees. Trading platforms available by FXCC include MetaTrader-4, Sirix WebTrader and a MAM platform but also ZuluTrade and FX StatBook. There is also a mobile version of Metatrader4 for iOs and Android devices. Automated Trading, Hedging and Scalping are all allowed and the broker offer fast execution and low slippage on execution.

The identity verification is done through videoconference at a time convenient to the client. The applicant’s ID or passport should have a machine reading zone for the video identification to be successful. IPhone/iPad platform is specially tailored for Apple mobile device users.

Types of LimeFx Trading Platforms

It really is what you can expect from a Swiss broker that can be compared to the famous Swiss watch. However, this broker does not fit to every trader and that’s why you should keep on reading. If you think this may be the right broker for you though, you can just click here to sign up at LimeFx immediately. The minimum amount to deposit for LimeFx European clients is $100, and it offers few deposit options like bank transfer, Skrill, Neteller, and several more. This broker offers the same account for individuals and companies; the account offered by LimeFx allows the users to trade with Forex, cryptocurrencies, CFDs, and precious metals.

LimeFx forex broker

Withdrawal and deposits from LimeFx is a simple process to initiate and uses various channels. These channels include bank transfer, debit or credit cards such limefx as Visa, MasterCard and maestro and also e-payment methods such as Neteller and skrill. The following are the promotions currently being offered by LimeFx.

Free Trading Education

The users can also access their banking services, which allow them to transfer money between the accounts for free. Besides, a trader can open a virtual or a plastic LimeFx card that can be used for ATM withdrawals and online and offline payments. 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. It also offers a demo account, a dedicated customer service, various types of trading platforms, which can be used by different types of traders for trading. It has also won several awards, and it is best in class across six categories, such as features and tools, commission and fees, crypto trading, mobile, and overall, for the year 2021.

LimeFxd Swiss bank is fraudulent entity, says genuine broker – FinanceFeeds

LimeFxd Swiss bank is fraudulent entity, says genuine broker.

Posted: Thu, 29 Sep 2022 07:00:00 GMT [source]

One of the most interesting Swissquote features, though, is its automatic pattern detection. The platform automatically recognizes and highlights common chart patterns on each chart and displays the pattern strength. For novice traders, this tool is an ideal way to learn the fundamentals of technical analytics.

Overall LimeFx may be seen as one of the top choices for advanced and professional Forex traders including day-traders, scalpers, and news-traders. With the growing Forex industry, the number of both regulated and unregulated companies grows as well. Everybody knows that foreign exchange is a good way to make a profit, both quick and easy.

Moreover, a trader needs to add a minimum deposit of $1000 to open a trading account with this broker. LimeFx offers the Standard, Raw Spread, Islamic and cTrader Raw accounts. LimeFx provides market analysis, Web TV , educational articles and video tutorials and an economic calendar on its website. LimeFx provides ZuluTrade and Myfxbook for social and copy trading. So far I can say that LimeFx is the most reliable broker I tried. The Jforex platform is great and very intuitive, I have absolutely nothing to object, they really try to protect their users even if at times that means to protect them from themselves .

Binary Options – There are 17 FX pairs available for Binary Options clients. Bonds – LimeFx has CFD contracts on most government bonds offered by the U.S., UK, and Germany. Bitcoin – Accounts designated BTC fundable are issued a BTC wallet limefx website and charged a 1% fee every seven days. Accounts can be opened using a range of currencies such as the United States dollar, the Great Britain pound, the euro, the Australian dollar, and the Canadian dollar among many more currency units.

  • Clients who are trading on the platform are very welcome to share their trading experience with their friends and family and they can invite them to do the trading with this broker.
  • But, as they say, it’s time to collect stones and time to scatter stones.
  • 74-89% of retail investor accounts lose money when trading CFDs.
  • This provides the users the much-needed information; it also offers video tutorials that provide topics related to the bank services, general educational content, and the webinars.
  • LimeFx offers 24/5 customer support via email, phone, live chat and video call.

The broker’s spread is market-based and the average for EURUSD is 0.3 points. There is also a turnover commission, which in terms of about $ 3 per lot. You will have to pay as much as $ 40 for withdrawing funds to a bank account, so I recommend using payment systems if the amount is small. The technical support service solves problems quickly enough – all my requests were solved literally in an hour. In conclusion, LimeFx is a very credible trader that will provide a potential client with all the right tools required to join the forex business. Its products have been specially tendered to cater for all clients from all over the globe.

Lost Backups

CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors. In addition to trading on Forex, precious metals and CFD , LimeFx provides a trading platform for binary options on stocks and Forex.» LimeFx Bank SA becomes the first Swiss bank that offers a hosted solution for money withdrawals via the Western Union network.

By using the demo account, the users can test the trading strategies by using the website’s historical and real-time information. These demo accounts are available for 14 days, but you can also request for unlimited period of usage. If you are trading binary options, LimeFx offers Web Binary Trader, which offers access to the FX marketplace. Besides, it also offers one-click trading, which is available for the trader’s benefit. As per our LimeFx review, we can say that JForex trader mobile apps offer a wide range of research tools that include various predefined screens that can be customized based on the traders’ convenience. It can also be adaptable over four different time frames starting from hourly to monthly.

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