VIP client managers who offer individualized white-glove service to key clients. You may need to pay tax on any money you earn through the LimeFX platform, depending on your country’s taxation laws. LimeFX doesn’t allow hedging, a risk management strategy designed to protect you from losses. If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices.

• LimeFX gives the general impression of an efficient online broker without many bells and whistles.
• LimeFX customer support consists of a live chat button on its website.
• If you have a simple question, you may find the answer you need by checking the FAQ page on the LimeFXpany website.
• In our LimeFX review below, we’ve outlined the key pros and cons of this online broker.

It also offers forex trading, stocks and shares, ETFs (exchange-traded funds), and various other commodities. The BDSwiss Group trades using the brands BDSwiss, Swissmarkets and BDS Trading. The regulator said that BDSwiss Group used the fact that one of its firms was regulated in the UK to convey legitimacy on the group as a whole. However, 99% of UK consumers taken on by the group traded through the group’s overseas entities. Our international brand has over 24 years of experience in offering clients simple access to trade in the global financial markets. Overall, LimeFX is an excellent option for traders looking for an accessible platform with a quick, easy, and cost-effective sign-up process.

Accounts

Metatrader 4, on the other hand, is exclusively for forex trading. It isn’t suitable for people looking to trade cryptocurrencies, so let’s take a closer look at the LimeFX trading experience. We found one major disadvantage when writing this LimeFX review.

These include the proportion of traders who are buying or selling your chosen asset, which can be helpful information when it comes to making your own trading decisions. Overall, the platform’s features aren’t as advanced as those of Metatrader 4, but it keeps the trade experience straightforward. Once you’ve set up your account , all you need to do is navigate to your chosen LimeFX pair and click on the trading tab to start trading the crypto CFD. All other instruments and tradable assets have different percentage charges.

To ensure the most secure and best overall experience on our website we recommend the latest versions of Chrome, Edge, Firefox, or Safari. According to the company’s website, opening a LimeFX account can be done through credit or debit cards, wire transfers or SEPA transfers. Other deposit methods are accepted at the discretion of LimeFX, although the company does not guarantee that all transfer methods are available in the client’s country of origin. Please note that at this time, LimeFX does not accept U.S. clients. If you live in the United States, you will want to select another broker.

The platform lacks variables such as margin, leverage and dealer spreads. Once active, the trader simply picks an asset, selects the amount of capital to commit to the trade and then chooses whether to buy or sell. Thanks to its low minimum deposit of €100, it’s an accessible broker—you don’t need a large budget LimeFX Review: Is This a Scam or Good Forex Broker to get started. It also offers a demo account for its in-house platform, so you can practice trading before putting real funds at risk. The platform charges a commission fee of between 0.1% and 1% on LimeFX trading. It also charges a 1% fee on Neteller withdrawals and 0.5% on bank transfer withdrawals.

The LimeFX platform has a complete technical analysis component. The technical analysis features offered on the platform are divided into Trend, Volatility and Oscillators. In addition, the platform includes the ability to adjust the time frame on charts from one minute to one month, as well as a section on fundamental analysis. Commissions are based on the monetary amount of each trade, for example, for a trade in EUR/USD, LimeFX adds a charge of 0.011% on the dollar amount of the transaction.

This award-winning broker enables 2.2 million clients to trade across various assets. LimeFX parent Indication Investments has CySEC license suspended. Cyprus financial regulator CySEC has issued a Board Decision announcing the suspension of the CIF license of Indication Investments Ltd. Indication Investments operates the LimeFX Retail FX and CFDs brand, at website LimeFX.com. The current alleged violations are of a more serious nature against LimeFX, which remains the Official Trading Partner of EPL team Tottenham Hotspur.

Can I Make Money With LimeFX?

LimeFX offers trading on both individual cryptocurrencies and LimeFX pairs. Thanks to the popularity of its LimeFX instruments, the company has reduced its brokerage fee by 50%. Cryptoassets are a highly volatile unregulated investment product. 74% of customers loose their investment with this CFD provider.

The highest commission charges are for cryptocurrencies, with a 1.02% commission on Litecoin, 1% on BitcoinCash and 0.91% commission on Bitcoin. LimeFX is a brand for the brokerage division and trading platform of Indication Investments Ltd, a member of the Forex Club Group. Based in Moscow, the Russian Federation, Forex Club Group began operations in 1997. LimeFX has been providing clients with brokerage services in currencies, stocks, indexes, oil and natural gas, gold and commodities. As with any trading, the answer to this depends on many factors, including your choice of asset, risk management strategy, and trading style.

LimeFX Review

With more than 20 years of experience, it’s a tried and tested platform. To ensure the most secure and best overall experience on our website, we recommend the latest versions of Chrome, Edge, Firefox, or Safari. Since 1997 we have successfully expanded our business footprint across 27 countries worldwide.

But the good news is that LimeFX is one of the most cost-effective, especially with its 50% discount on LimeFX instruments. When choosing your trading broker, it’s crucial to consider the different deposit and withdrawal options. In this LimeFX review, you’ll discover one of this platform’s main advantages is that it doesn’t charge fees for making deposits. Because the broker only offers CFD trading, it’s much easier for you to diversify your portfolio by speculating on a wide variety of different assets.

One of company’s priorities is to conduct business in strict compliance with global and local regulatory requirements of the targeted markets. Provide a customized localized mobile and web trading platform. Signing up for a LimeFX account is quick and easy, although you will need to verify your identity to comply with the platform’s anti-money laundering policy. Once you’ve entered your name, email address, and national ID number, you’ll need to submit a copy of your passport or driving license to confirm that you’re the owner of the account.

The low €100 minimum deposit fee is excellent for beginners who don’t want to jeopardise large sums of money. In our LimeFX review below, we’ve outlined the key pros and cons of this online broker. When you trade using CFDs, you can trade assets without investing in the underlying currency . It is a popular way for people to speculate on foreign currencies, as it removes the need to own each asset outright.

Our 400 employees of 37 nationalities support clients from over 110 countries worldwide. Currently mourning the loss of credentials to 70,000 DOGE coins. Thankfully, we found in this LimeFX review that the site and app are secure with full data encryption. It uses the security protocol SSL to keep your information safe from cyber-criminals or data leaks.

LimeFX Cons

Because the broker has been active for over 20 years, it’s built up a strong reputation in that time. Almost 90% of its 1,810 reviews are ‘excellent’ or ‘great’, and the company generally has a positive reputation. While deposits typically process immediately, e-wallet withdrawals can take 24 hours, and bank transfers up to 5 working days. According to CoinMarketCap, Bitcoin is currently worth over $57,000 — and although it’s possible to buy a percentage of 1 BTC, it can still be costly. CFD-trading lets you cash in on the crypto hype without having to invest in your chosen asset outright.

Do I Pay Tax On LimeFX?

Thanks to the platform’s low fees, however, it is possible to make money with LimeFX. When writing our LimeFX review, we found that educational resources are one of the broker’s weak spots. As well as its demo account, you’ll find a small selection of webinars forex and some FAQs. These cover the basics of trading, but if you’re looking for more detailed information, you may need to look elsewhere. No reputable broker platform is entirely free, so you should always expect to pay a certain amount of money in fees.

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money Please read our full legal disclaimer. LimeFX gives the general impression of an efficient online broker without many bells and whistles. The company is regulated by CySEC, thereby Ask price helping ensure the safety and segregation of customer funds, which is a big plus. In addition, the company’s award winning dealing platform, which includes an excellent news feed, is easy to use and ideal for novice traders to use. LimeFX uses its own proprietary web-based trading platform, which is extremely user-friendly.

The EUR/USD rate makes up the lowest rate on major currency pairs, with USD/RUB, the highest at 0.41%, followed by EUR/RUB at 0.386%. We expect our partners to open branded office of our company to support existing leads and clients as well as find new ones. You can make deposits using bank transfers, credit or debit cards, e-wallets, and a range of vouchers.

From the 6th January 2021 and onwards, the platform has been unable to offer its LimeFX instruments to retail clients in the UK. Its crypto instruments are still available to UK institutional clients and retail traders from elsewhere in the world. The platform offers CFD trading on around 50 crypto assets, forex, stocks and shares, and EFTs (exchange-traded funds). Users of the mobile app can access the same features as traders who use the desktop version.

The mobile features include an in-app live chat feature for 24/7 customer support. Clients can also opt-in to receive daily news and market update notifications. The proprietary trading platform is also easy to use, especially if you take advantage of their free demo account. You can navigate to the instruments or assets you want using the tabs in the top search bar at the LimeFX website. This trading platform has numerous selling points for those looking to start LimeFX trading. In this section of our LimeFX review, you’ll find the key advantages of this online broker.