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Financial spread betting is a tax-free product under UK law and a popular alternative to CFD investments. The spread bet markets available with the Edge account include Forex currency pairs, shares, spot indices, spot metals and spot energies. The spread bets offer much tighter spreads than the traditional financial assets. The tax-exempt status coupled with the low initial deposit makes spread betting very attractive. LimeFX has the bonus of being able to offer a trading platform designed for spread betting.

Browsing my broker’s FAQ, I recently ran into puzzling advice. https://limefx.club/ suggestion is to keep it close to at least $1000, which is about ten times higher than other Forex and CFD brokers’ minimum deposit requirement. I can’t stay aside and have some thoughts to share in this regard.

What is the offer for clients?

The entire withdrawal process can take up to five working days to complete. So which one you choose for your LimeFX business account is entirely up to you. Forex traders can engage in trading with little risk by using this method. Margin trading is also an option for traders, and the type of account determines the requirements. Its LimeFX Trading Academy is perhaps its most notable feature. It is designed explicitly for educating users about forex trading.

• For example, the EUR/USD pair has an average spread of just 0.1 pips.
• Against any queries or trading problems, LimeFX customer help support is available 24/7.
• LimeFX has an award-winning customer support service available around the clock whenever the markets are open.
• The LimeFX broker allows users to deposit a minimum deposit of $ 100 but they also recommend depositing $ 1,000 or more.
• Most brokers have adopted this platform, due to the comprehensive range of tools and features integrated into the platform.

LimeFX is a well-known trustworthy and reliable broker regulated by the FCA, CySEC, FSCA, and SCB. Furthermore, client funds are kept in major international limefx scam banks and are fully segregated from the company’s own funds. Click here to see more information on the processing times of each payment method.

LimeFX Support in Line

To get the best trading services, LimeFX recommends that you deposit at least $1000. In addition, there are a few other minimum deposits that depend on the account type you have selected. Therefore, your account selection should be carefully considered. If you want to use bank transfers to deposit, you can use a wire transfer from your bank to the bank account provided by LimeFX. LimeFX requires a minimum deposit of $100 for all account types except for VIP account.

• For this reason, you will find spreads are wider than brokers that have ECN pricing and added commission costs.
• The MT4 and MT5 mobile version platforms contain native features and are standard from the developer.
• The minimum deposit for LimeFX broker is $100 which is relatively high compared to what other brokers offer.
• What do you usually pay attention to when searching for a suitable Forex broker?
• To deposit funds, you must first log into your account and select “deposit fund or deposit wallet.”.
• You’ll go through a process that requires proof of identity and proof of address.

It is a great way to navigate the platform and do all your trading with ease. Traders are offered access to six asset classes with Tier 1 capital, which exceeds 100 million euros. Keep in mind that approximately 77% of the traders on LimeFX, lose money. No a minimum deposit of $100 is required to open a live trading account with LimeFX.

Customer Supports Offered By LimeFX

The commission-based pricing is decent, but there are other good brokers out there offering lower commission (E.g. Pepperstone commission is $3.5 per 100,000 unit traded). LimeFX charges $4.5 per side for each 1 standard lot traded or a $9 round-turn commission. Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs. These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved.

The MetaTrader 4 platform is considered the standard forex trading platform in the industry. Most brokers have adopted this platform, due to the comprehensive range of tools and features integrated into the platform. The MetaTrader 4 platform supports multiple languages, giving users the freedom to customize the platform interface with the preferred language.

LimeFX Review

GBP transfers between UK banks usually reflect within the same business day and there are no fees. Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Opinions, market data, and recommendations are subject to change at any time. Regardless of the payment method, it will take approximately a maximum of one hour. However, for overseas wire transfers, it can take 3-5 days for the transferred amount to be reflected in the LimeFX wallet.

The entire process is digital, allowing you to log in online and submit the credentials needed. You’ll go through a process that requires proof of identity and proof of address. Modern regulations state that brokers are not allowed to give any bonuses or promotions. If you find some promotion on the internet claiming to be from LimeFX, it is probably a scam trying to take you for your money. It is safe to say that the trading experience when working with LimeFX is satisfactory. They provide material for research and education if you need it.

How to fund your LimeFX account: steps by steps tutorial

The cTrader platform design enables traders to access spot markets using interbank rates, and enables efficient ECN trading. The LimeFX Markets platform is meant for traders who trade directly from the desktop or tablets without making any downloads, and it allows multitasking within the platform. There is also a difference in average transfer time for different deposit methods. While credit/debit card and e-wallet transfers are usually instant, bank transfers may take 2-3 business days to arrive. LimeFX will never charge any fees for the withdrawals or the deposits. Within a maximum of 5 days, funds will appear in your wallet via bank transfer or any other payment method.