No, withdrawal through Local Bank Transfer is currently not available. Wire transfers should be sent to Stratos Global LLC, click here for more wire details. With Lime Fx, each deposit by card is considered a “purchase.” Therefore, there is no need to change a card on file. This helps to protect the card holder in the event their Visa card or account number is lost or stolen. In the rare case that your account would not be “unlocked”, your funds would be returned to their originating source. No, we do not, however we do have a number of other options to make a deposit.
Is Lime Fx regulated?
In order to initiate the transfer, please email email protected with your broker’s bank details and your Lime Fx account number. Neteller If you have funded via NETELLER you may withdraw via NETELLER. Skrill If you have funded via SKRILL you may withdraw via SKRILL. Please log in to MyLime Fx to then click on ‘Withdraw’ to view instructions on how to submit a SKRILL withdrawal request. The fastest way to find the correct SWIFT code is to contact your bank and ask them.
You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money. Filippo Ucchino has developed a quasi-scientific approach to analyzing brokers, their services, offers, trading apps and platforms. He is an expert in Compliance and Security Policies for consumer protection in this sector. Filippo’s goal with InvestinGoal is to bring clarity to the world of providers and financial product offerings. Between 74-89% of retail investor accounts lose money when trading CFDs.
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- With its headquarters in London, Stratos Markets Limited (“Lime Fx”) has grown to have multiple international offices and is licensed in several major regulatory hubs globally.
- There is a very high degree of risk involved in trading securities.
- The range of products available to you will depend on which global entity under the Lime Fx Group houses your trading account.
- On Lime Fx, traders and investors can open three different types of accounts.
- Lime Fx maintains an excellent choice of trading platforms with a distinct focus on algorithmic trading.
- Filippo Ucchino created InvestinGoal, a comparison site and educational portal for the online trading and investing industry.
Lime Fx’s in-house education is above average, and primarily takes the form of articles, videos, and content produced for its Lime Fx YouTube channel. Lime Fx has a knowledge section that consists of research or market analysis tools and education. Trading with Indices allows you to reduce the risk of your exposure when trading volatile instruments. Lime Fx has a trust score of 78, from its regulation, reputation, and reviews. This platform is a worthy alternative to Trade Station and MetaTrader. An Lime Fx No Dealing Desk Brokers determines the best execution means which can result in Lime Fx acting as a market maker or using a dealing desk.
Trade with a Regulated Broker
Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Lime Fx is also a great option for beginners, due to its wide range of educational materials and easy-to-use platforms, including its latest integration with TradingView.
Experienced Australian forex traders that require a very specific niche forex platform should consider Lime Fx. Those that require high leverage or are looking for low spreads/fees should review our Best Forex Brokers In Australia and a provider like Pepperstone for advanced traders. When making a deposit into your account with a credit card or debit card (Visa or MasterCard) there is a minimum of $50 per deposit and a limit of $30,000 per month for all Lime Fx clients. These stats show that Lime Fx completes your orders with no slippage more than 60% of the time. The majority of clients will use their Standard Account, which is designed for retail traders’ high volume traders will prefer their Active Traders account to save on costs. Other account types available include an Interest-free account, which are Swap Free Islamic Accounts designed for those who can’t pay swaps.
How to Open an Lime Fx Account – A Step by Step Guide
While you may not withdraw the amount immediately, you can use it for trading within the platform. If you’re interested in discovering more brokers offering deposit bonuses, you should read our article. The payment will be processed according to the waiting period of the deposit method you use. Once your deposit has cleared into your account you can begin trading.
Lime Fx also added services by FinTech firm eFXplus, featuring simulation and Forex trading recommendations by sell-side analysts from major banks, Quant models, and insights. I could not find any time limitations on these accounts which is excellent, making them ideal for testing algorithmic trading solutions and new strategies. I want to caution beginner traders against using a demo account as a full educational tool. It can create unrealistic trading expectations, and the absence of trading psychology negates the educational value. Although it can be helpful, new traders should complete their education with a real money account before becoming overly confident.
Review Methodology
Once the deposit has been processed, the “Account Activity” section will show the deposit into your account. Lime Fx has an online application form, which is the standard operating procedure. I rank trading costs among the most defining aspects when evaluating a Forex broker, as they directly impact profitability. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community.
The minimum deposit for an active trader at the broker is $25,000. In Lime Fx mini account you can deposit $ 50 as a minimum deposit here. If you have a mini account, you will find a dealing desk here. Lime Fx ranks among the most competitive brokers industry-wide, especially for high-volume traders using algorithmic trading solutions.
In addition, Skrill requires submission of ID and Proof of Residence to complete the application. To avoid delays in depositing, the client should complete their application with Skrill prior to funding via Skrill. The minimum deposit amount is 50 currency units and the maximum deposit amount is 20,000 currency units per transaction. Accounts funded via credit or debit card will be required to receive withdrawals via limefx the same credit or debit card. The time frame for the funds to be deposited into your personal account is largely affected by your bank or card issuer.
Lime Fx offers two VPS solutions, charged at $30 or a currency equivalent per month. Traders who limefx forex broker exceed $500K notional trading volume for three consecutive months will get the fee reimbursed. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. Yes, Lime Fx is a well-regulated service provider that offers negative balance protection for retail clients under selected regulated entities. Lime Fx provides multiple trading platforms, including MetaTrader 4, Trading Station, NinjaTrader, and ZuluTrade, catering to different trading styles and preferences.
