PAYBACKFX provides you the best LimeFX cashback service, starting from the
cashback level and down to customer service. In case of any issues arise, we are always here to help and
can even step in and help with any issues you may have with LimeFX. Accounts can be opened in a great selection of currencies including USD, AUD, CHF, EUR, GBP, JPY, RUB, SGD, Gold, mBTC. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. I like that most deposits made via electronic payment systems are added instantly as sometimes I need quick access to my funds. There is no dealing desk as your order is matched against an opposite order from another ECN participant and therefore there is no conflict of interest with LimeFX.
- When a consumer purchases something using a credit card the vendor incurs a fee of between 1.5% – 3% which they pay to Visa.
- Currency Conversion fees will apply if traders deposit and withdraw in currencies other than their set base account currency.
- On the downside, LimeFX deposit/withdrawal fees (5% + 0.15 USD / 5% + 0.15 EUR / 5.5% + 40 RUB for card deposits, for example) are criticised by the trading community along with the exchange rates.
- Opening a LimeFX demo account takes less than 5 minutes, and is available for the MT4 and MT5 terminals and TickTtrader platform.
- LimeFX was initially established by a group of Forex traders as an educational center.
- If you want to trade cryptos, then I would also consider Vantage as another option.
Pending orders, stop losses, and take profits can be placed within just a few pips of the market price and even within the spread. Setup your rebate method to automatically or manually in the member area MyPBFX. Then select payment system to wire transfer, or limefx official site e-currency such as Neteller, Skrill, Perpect Money or Paypal. The cashback can be then withdrawn with the available options in the withdrawal page. LimeFX has 4 group companies, non-regulated LimeFX Markets Limited in St. Kitts & Nevis and 3 highly regulated.
You can specify the lot size you want to work out the commission for and click individual currency pairs for the detailed formulas behind the calculations. I like how the web version of MetaTrader allows you to trade directly from your web browser without needing to install or run any additional software. The MetaTrader 4 web trader has the familiar interface of the desktop MetaTrader 4 terminal and supports all modern web-browsers and operating systems including Windows, Mac OS and Linux.
What execution speeds can I expect, and what is your execution policy?
To start using ZuluTrade, you need to provide your name and LimeFX account number. They will then send LimeFX a signed Letter of Direction (LOD), authorising ZuluTrade to perform automatic trading in your account. It is very important to note that past signal performance is by no means a guarantee of future performance. There is an economic calendar that allows you to keep up to date with the latest market news. Each news release displays a volatility impact expected along with the actual, consensus and previous results. Knowing what news is approaching and the markets it may impact is often used as part of fundamental analysis and can help you make informed decisions.
This can help you to save time and plan your trading, estimate potential profits/risk and optimise your lot sizes. It would be great if they could implement some more market analysis tools in the future. An ECN account is an electronic communication network that connects traders directly with liquidity providers.
It became a maxim for LimeFX to offer what its clients wanted, not the other way around. It offers cashback rebates to traders who meet certain trading volume requirements. LimeFX is regulated by reputable authorities and uses advanced price aggregation technology to ensure its ECN offers optimal trading conditions, such as low spreads, fast transaction execution, and affordable commissions. LimeFX have a few useful trading tools that can help to improve trading efficiency. I appreciate that these tools are offering precise calculations of things such as pip value, margin, swaps, and commissions.
Does LimeFX offer Islamic accounts for Muslim traders?
All ECN participants have equal execution rights and transactions take place in a completely transparent environment. The rebates are 20% of the commission on ECN accounts, 0.24 pips on STP accounts and 20% of the commission on Crypto accounts. LimeFX currently only pays rebates on Forex and Cryptocurrencies, which limits what traders can earn.
- Multiple order and execution types are supported including market, pending, limit, stop loss, take profit, trailing stop, etc.
- If we were to add every forex broker that approached us we would have at least several hundred.
- LimeFX UK is authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom.
- LimeFX provides SWAP-free Islamic accounts that adhere to Sharia laws for Muslim traders.
Tickets to LimeFX’s sales, finance, trading desk and support departments are answered between 7am-16pm GMT on working days. Support are happy to answer your questions related to LimeFX’s products and services. There is a knowledge base on the website that covers many frequently asked questions which can save you from needing to contact support. The website displays a list https://limefx.group/ of all the PAMM accounts available to follow which can be filtered according to your own preferences such as gain, drawdown and trading days. It is very important to emphasise that the PAMM results are historical and there is absolutely no guarantee of future performance. For those of you who need managed accounts, Eightcap and ACY Securities are also worth consideration.
Financial Instruments and Leverage offered by LimeFX
There is a very wide selection of 70+ FX currency pairs including majors such as the EURUSD & GBPUSD, minors and exotics. If you plan on trading forex using strategies that require the lowest spreads at all times, LimeFX have spreads from just 0.0 pips on major currency pairs. LimeFX offer a free VPS to clients who maintain an equity of at least $5,000 or trade $10m in volume each month. However, there is a $30 fee that you will be charged to cover the cost of the VPS if you do not meet the requirements but are using the free VPS.
This ensures traders can focus on their trading strategies without worrying about logistical or technical obstacles. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. Another thing that I found slightly confusing is that each trading account type has different.
Just like with any cashback, you get paid back for performing your regular transactions with the service (a forex broker in our case) and get paid back part of the cost you’re being charged by LimeFX. In the case of the ‘Monthly cash back’ rebate option, monthly payments can be paid via bank wire, Paypal, Skrill, Sticpay, China Unionpay, and Neteller. Some payment methods such as bank wire carries fees and often traders set a custom minimum payment amount in order to accumulate rebates and withdraw their rebates less often than monthly. Cryptocurrencies such as Bitcoin and Ethereum have proved to be popular for speculators, due to their high volatility. Through LimeFX you can trade Bitcoin and Ethereum, against the US Dollar, Euro or Russian Ruble, in the form of CFDs.
How to open an Account with LimeFX
If a VPS is important for your trading, you can get access to a free VPS from other brokers, including Switch Markets. The broker welcomes clients from all over the world but do not provide services to United States residents due to strict US regulatory restrictions. This is not unusual since the USA is pretty strict in their financial regulations.
In terms of regulation, Plus500 have are one of the most well-regulated brokers that you can trade with. TickTrader is our new technologically advanced multi-asset trading platform for
the most demanding of traders. Your trade is executed instantly through our wide range of liquidity providers streaming real-time prices. Apply for a free VPS (see Terms & Conditions) for enhanced trading flexibility and speed.
LimeFX were one of the first trading brokers that I opened an account with, remaining one of the most established and well-known brokers today. I feel secure knowing that they have regulation from some of the most respected authorities. They incorporate advanced price aggregating technology limefx scammers that helps to ensure their ECN environment offers you some of the best possible trading conditions including low spreads, fast trade execution speeds. You can trade with minimal hassle on user-friendly platforms and apps, with a decent amount of markets for you to choose from.