LimeFX minimum deposit & payment methods 2024 Guide

When questioned further, the same customer support person couldn’t verify if we could deposit via a credit card and advised us that we could probably use cryptocurrency to deposit. Definitely odd so understandably we were less than impressed. A wider spread means paying more every time you open a trade. Our spread module indicates that with LimeFX, you are paying more than your competitors, so it may be better to consider trading with other brokers. We found LimeFX spreads to be largely average for major FX pairs, and disappointing for cross-pairs.

This makes it perfect for new traders and those beginners starting out. If you are trading from outside the EU, the minimum deposit will be $25 with the LimeFX Micro account. One of the best choices for your first steps as a forex trader with LimeFX is an MT4 Micro Account.

What Platforms does LimeFX offer?

They need you to go through a verification process where you submit documents like proof of identity and address. This is their way of confirming that you’re the actual account holder and following regulatory requirements. The reasoning behind this is likely to do with the stringent ESMA regulations in place and a desire from all the best forex brokers to remain completely transparent and compliant. LimeFX handles customer queries through multiple channels including a live chat function, email, and phone support.

How does the LimeFX minimum deposit compare with other major brokers?

But, even for simple questions, we didn’t find the customer service options impressive. LimeFX also offers the chance to trade energy products like Texas Crude, Brent Crude, and Natural Gas. The MT4 platform has ultra-intuitive charting options and all the most common technical indicators. It’s very simple to enter buy and sell orders, as well as set stop-losses, you can even use Expert Advisors (EAs) for automated trading.

LimeFX Deposit and Withdrawal: All You Need to Know

This wasn’t good, and we’d like to see LimeFX improve greatly in this department. If you’d like to trade stock market indices, pick from one of ten major global indices. These include the SP500, Nasdaq, French CAC40, and Australian SPI 200. We tried to go through the process of opening and funding an account as an Australian limefx resident (where we are located).

1. All regulated brokers, not just FOREXimf, need to know their customers or their KYC (Know Your Customer).
2. For more experienced traders, LimeFX provides advanced analytical tools, including charting capabilities and various technical indicators.
3. LimeFX fees spread, and commissions start from US Dollar $7 USD / R110 ZAR with spreads as 0.0 pips.
4. This means you can open positions with as little as $1,000 and this amount can be further reduced if you are trading on leverage.
5. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
6. The broker’s low minimum deposit, competitive spreads, and comprehensive educational resources enhance its accessibility and attractiveness to different kinds of traders.

This offer allows the customer to start a business with a minimum deposit. Both social and copy trading limefx scammers is well provided for at LimeFX through their own proprietary copy trading service. The only real difference here being that as a master you can earn commission.

The information provided by the applicant must be accurate, relevant, and up-to-date. After all the required details have been completed and submitted, a confirmation email will be sent to the applicant’s account. One thing I really appreciate about LimeFX is that they don’t hit you with those overnight charges. It’s a relief not to worry about those eating into your profits.

These trader-friendly policies lead to LimeFX receiving a top rating for its deposit and withdrawal procedures. LimeFX platforms incorporate advanced charting tools, promote ease of use, and support algorithmic trading. Although not proprietary, the platforms provide opportunities for copy trading, allowing users to replicate successful strategies from other traders. LimeFX only supports two deposit currencies to fund traders’ accounts. Apart from these two currencies, no other currency can raise funds. The minimum deposit in a trading broker is one of the conditions that help each broker to specify the portion of the deposit.