We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. If you funded your account with a credit card or debit card, it is required to withdraw the principal amount (deposit amount) back to your credit card.
Deposits and Withdrawals
Local Bank Transfer will be received by Lime Fx in USD and the local currency (PHP) equivalent amount will be debited from your bank account. You will be redirected to log into your online banking account to authorize the payment and the requirements may vary by bank. Funds will typically be credited into your trading account within 1 business day. International wires arrive to Lime Fx approximately 3 to 5 business days, often less, after the request has been initiated from your bank.
Lime Fx doesn’t apply any deposit limitations, however our local partners and/or your bank might apply limits. Please log in to your account in MyLime Fx and select Local Bank Transfer in order to check for limits. Please read your bank’s online banking instructions carefully.
What is the offer of the Lime Fx broker?
Card deposits will appear on your card issuer’s statement as a “purchase.” The origin of funds using gift cards or prepaid cards cannot be verified and therefore are not accepted. Card deposits will appear on your card issuer’s statement as a “purchase”. Contacting your bank or card issuer will give you a better idea of their specific time frames. In order to be fair to all of our clients, withdrawals are processed in the order that they are received.
If you wish to call Lime Fx, there are 42 country-based numbers one can call from. Countries range from South Korea, United Arab Emirates to Venezuela. Please note that due to FCA regulation, UK retail traders are not able to trade cryptocurrencies with UK brokers.
He has also published a book in 2023 on on investing and trading. Lime Fx operates four subsidiaries around the world that are overseen by different financial authorities. The leverage you are able to trade with depends on whether you sign up to the UK, European, Australian or South Africa entity. Commissions with most other brokers are $7.00 round-turn, while Active Traders can be as low as $5 round-turn. If you subtract 0.2 pips from each spread, then the spreads appear to be more competitive.
Lime Fx Customer Reviews
While Lime Fx offers eight account base currencies, most traders only get US Dollar accounts unless they reside in a country where the other seven currencies are the default choice. Traders should differentiate between account base and deposit currencies to avoid confusion and potential currency conversion fees. The former is the base currency denomination of a trading account, and the latter are currencies available for deposits through payment processors. Lime Fx notes it accepts all available deposit currencies supported by payment processors. Finally, some of Lime Fx’s educational content is only available if your balance exceeds certain minimum thresholds.
- The execution speed of an Lime Fx Withdrawal will depend on the withdrawal option selected.
- Generative AI tools are not a part of our content creation or product testing processes.
- For traders who appreciate advanced trading tools and quality market research, Lime Fx is a winner – especially for algorithmic trading.
- 39 currency pairs, for example, would put Lime Fx at the lower end of the broker for currency choices.
- If you are a high-volume investor, then the Active Trader account may be for you.
Steps for Sending the Lime Fx Minimum Deposit
The Lime Fx Python package is offered exclusively for the REST API and consists of CFD Python wrappers to simplify algorithmic trading solutions. This broker also provides market data, further supporting third-party automated trading solutions. Entry-level data is free of charge, while premium data comes at a (reasonable) price.
A $40 withdrawal fee will be charged for all Bank Wire requests. You can check the status of a withdrawal online by running a report from MyLime Fx. You may fund your account once you receive your username and password. To review your deposit options, please log onto MyLime Fx and click “Deposit Funds”. When you withdraw funds, the amount deposited from each card will be returned to each card.
The referee must trade 200 or 500 contracts, respectively, within 90 days, making it a challenging low-payout bonus to receive. Only the St. Vincent limefx reviews and Grenadines subsidiary offers bonuses. I recommend traders read and understand the terms and conditions before accepting incentives. Education exists via free online forex trading courses, webinars hosted by Lime Fx Senior Market Specialist Russel Shor, and written content with exceptional quality.
(Most banks have this information on their website and/or within your online banking page with them) Lime Fx will not research to find your SWIFT code for you. Be sure to always update your banking details with correct, accurate information to prevent delays. If you do not have an open account, we will place your deposit on hold and email you a request for a new application. We do have a number of easy deposit methods, such as Wire or Card. You can check the limefx courses scam status of your deposit online by running an “Account Report” on MyLime Fx.
One of the key features of the Zulu trade is the social element. The feature gives users the ability of traders to share ideas and strategies and help other traders. Zulu Trader has over 1 million users, making it one of the larger social trading communities available. Lime Fx standard spreads generally fall in the midrange when compared with other brokers with the most competitive spreads on offer appearing to be for AUDUSD and AUDJPY currency pairs. As a more experienced trader, it allows you to test any strategies that you may have. This means that even after you open your standard account, you can continue using the demo account to test your trading strategy.
Lime Fx minimum deposit is an opportunity for you to invest very little. This forex broker allows the client to deposit a minimum of $100 in the first instance within the average range. Lime Fx was not asked to make a minimum deposit by imposing anything. If you want to check a broker then the minimum deposit is the only best solution. Lime Fx Broker offers you one, which allows you to trade in the first instance with a minimum deposit as a broker’s client.
If you deposit funds in a currency other than the base currency of your trading account, Lime Fx will convert the funds prior to completing the deposit. Funds will typically be credited into the corresponding trading account within 1 business day. Traders should also consider potential third-party payment processing charges.