Don’t use this broker I promise, they gonna rob you. Is licensed and regulated by the Monetary Authority of Singapore (Licence No. CMS100917). Is regulated by the Central Bank of Ireland , registered with the Companies Registration Office , and is a member of the Irish Investor Compensation Scheme .
It has a good reputation, but it doesn’t disclose financial information and isn’t listed on any exchanges. For verification, all users have to provide a colored copy of their national identification document. This can either be a passport or a driver’s license. LimeFX account opening is fully digital, fast and straightforward. You can fill out the online application form in 20 minutes.
For the Standard and Micro accounts, which is very low. There is no account fee, and LimeFX charges no withdrawal fee in most cases, though bank withdrawals below $200 carry a $15 fee. Then, you choose the type of trading platform you want in the Trading Platform Type list and the type of account you want in the Account Type list. As we mentioned above, there are three types of accounts. After you choose the most suitable one for you, you click the Proceed to Step 2 button. The Broker web site comes with an extensiveResearch and Education pagewhere you can find daily market analysis, analysis tools, educational videos and tutorials.
LimeFX trading fees on CFDs are low while trading with currencies is considered average. Forex traders in Kenya stand to gain from a few exclusive offers at LimeFX Forex. Deposit limits are set at a minimum of $5 for all methods except for Western Union and Moneygram which have minimum deposit limits of $100. C) Investor Traders can also gain LimeFX points, which can be exchanged for cash or for bonuses. This is the LimeFX Loyalty Program, which is only open to Real Account holders. Points can be earned on every lot traded without upper limits, and these points can then be redeemed either for real cash or credit bonus rewards.
You’ll then provide the front part of your ID as the proof of identity while the back part of the ID acts as the Proof of Residence. You will have to upload a document for Proof of Identity. Passport, official state ID, driver’s license are accepted. Note that place and date of birth should be visible on the document. For Proof of Residency, a recent utility bill or bank statement that shows your full address will be sufficient. Cybersecurity built for startups and small business in an affordable, all-in-one suite of tools.
Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. Now, you are on the registration page where you will be required to input your personal details and choose your account type and preferred trading platform. You scammed by limefx have read the review and decided that LimeFX is the right broker for you. Now you wan to open trading account and start investing in forex through LimeFX. XForex- xForex is an online retail forex broker and trading solution that holds several tools to trade profitably for the sake of assisting the customers.
For instance, if you deposit $100 into your trading account, your balance on the trading platform will show up as $100. This is different from other popular cent accounts where if you deposit $100, your balance on the trading platform shows up as $10,000. LimeFX is one of the most popular forex brokers in Kenya. The account opening process is fast and easy. It will take you less than 10 minutes to register and start trading forex with LimeFX Forex.
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Not even a single notice and I had not gone against any of their terms and conditions. Better to go with a more reputable company and build up your account status and not have the stress of gaining a high status and have it removed without further notice. The LimeFX platform is going to be a thrill to use for those who want to partake of the special features and simplicity of the MT4 platform. The trading contests can also be a good mechanism for traders to make money and add to their trading capital.
Additionally, it is much easier to open an account at LimeFX and get verified by just using your ID. To begin with, make sure the address you provide is as closely resemblance to what is at the back part of your ID. After all the pestering questions, I decided to do this LimeFX broker review piece to share my experiences with this broker. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence.
Minimum Deposit: $5
I believe that LimeFX is among the most professional and respected brokers in the industry. Add around ten years of investment services experience to those features and LimeFX becomes a real gem in an industry where a new scam company appears every day. Therefore LimeFX is one of my favorite limefx website forex brokers and where I do majority of my trades. LimeFX Forex is the #1 recommended forex broker and for good reasons too. The account opening process is easy, has low transaction and trading fees, awesome customer support, and a lot of great offers/bonuses for new traders.
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. It is advised not to post comments and reviews which do not reflect reality as it simply does not help other readers. Very fast millisecond time execution, fast server, Ive been trading with LimeFX and I’m very happy. When I call the customer support they did not do anything to help me. I talk to manager on duty and explain that my phone and computer and the internet was working fine and this is not the first time this has happened.
Spreads And Commission
All e-wallets – 100% covered; all major credit cards – 100% covered; wire transfers above 200 USD covered. Zero Fees on Deposits & Withdrawals –LimeFX covers all the commission and fees for your deposits and withdrawals. All e-wallets – 100% covered; all major credit cards – 100% covered; wire transfers above 200 USD covered.
LimeFX’s crypto offering includes 16 different coins. Although crypto fees are cheap, you can only withdraw… The Mirror Trader platform allows investors to mirror professional traders on their own trading limefx scam accounts, and execute trades manually, semi-automatically, or automatically. 4) Zero Fees on Deposits & Withdrawals – LimeFX covers all the commission and fees for your deposits and withdrawals.
LimeFX Forex Review
Those documents are needed for ensuring that you are the genuine applicant and owner of the account. Being founded in 2009,LimeFX has the essential experience and servicesto provide traders a secure, state of the art and convenient trading environment. The Broker is regulated by three major wLimeFXhdogs of the industry and financially very strong. I recommend LimeFX to traders with any experience level without any hesitation. Low commissions starting at $02 with no added spreads, ticket charges, platform fees, or account minimums.
On the other hand, forex fees are average, and there is a fee for inactivity. Kenya Forex Firm is a forex trading and training company based in Nairobi Kenya. Since our inception in 2014, we’ve trained more than 1000 students who’ve gone on to become successful forex traders in Kenya. LimeFX Forex is our #1 Recommended forex Forward contract broker in Kenya with low minimum deposit ($5), accepts Mpesa, and is regulated in top-tier jurisdictions. You’re reading this article because you probably searched for LimeFX forex review in Kenya. LimeFX Forex, also known as LimeFX trading or LimeFX Global is a next-generation forex broker that offers forex and commodity trading.
LimeFX Forex Broker Review
Further, MetaTrader comes with more than thirty technical indicators which would help traders to make high odd trades. You must understand that Forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose! Trading with leverage can wipe your account even faster.
- The following calculations were made using the Standard account.
- Both the MT4 and MT5 platforms are accessible through Windows/Mac desktops or on the smartphone.
- AUD, HUF, PLN, RUB, SGD, ZAR as base currencies.
- The Broker web site comes with an extensiveResearch and Education pagewhere you can find daily market analysis, analysis tools, educational videos and tutorials.
- Please submit your normal e-mail address that can be used to contact you.
- XForex- xForex is an online retail forex broker and trading solution that holds several tools to trade profitably for the sake of assisting the customers.
LimeFX also offers live training both online and offline for various experience levels. The LimeFX platform has a rich library of educational material for traders. They host webinars on a regular basis, both for seasoned as well as new traders. The LimeFX website also has no known security issues. As a user, you are required to confirm your email address to open a demo account, but you don’t have to sign up for any email updates. Apart from an identification document, customers must also provide a utility bill that is as recent as three months for proof of address.
When depositing from your currency, it will automatically be converted to the base currency you chose when you opened your account. They have above-average customer service and are known to have a personalized approach to every client. There are several things that we don’t particularly like about LimeFX trading that we believe the company can improve upon.
Compare LimeFX Vs LimeFX And See What Are Their Differences
When trading currency pairs you can do so on over 55 different pairs, including JPY, USD, GBP and EUR pairs. Withdrawals are normally processed in 24hours, with no fees payable when taking money out of your wallet. I have tried to hunt everywhere for information that LimeFX Forex is an LimeFX/STP broker, but unfortunately, it seems like this particular forex broker is a market maker.
We also provide reliable forex signals as a paid service. If you’re in Kenya, you will most likely sign up for LimeFX Trading services using the LimeFX Global Franchise. This particular franchise is regulated by the International Financial Services Commission . Traders can get access to a $100,000 free and unlimited demo account.
Another fraud and Scam is on FIA and NAB instead of chasing LimeFX afterwards must act now before innocent public is robbed by them
— Arooj Hassan (@aroojfia) June 17, 2021
Invest globally in stocks, options, futures, currencies, bonds and funds from a single integrated account. Fund your account in multiple currencies and trade assets denominated in multiple currencies. Access market data 24 hours a day and six days a week.