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AVA trade limited is licensed to operate in the British Virgin Islands by the British Virgin Islands financial services commission. The Islamic account is an account type that has been created to suit the needs of its clients of the Islamic faith. This account operates in accordance with the sharia law which prohibits some financial transactions, especially which attract an interest.
State-of-The-Art Trading PlatformsLimeFx provides multiple platforms including MT4, MT5, DupliTrade, WebTrader, AvaOptions and the LimeFxGO mobile app – there’s something for everyone. Traders also enjoy real-time updates to stay on top of the market. Just in with the platform,I think it’s really a good platform,nice interface, user friendly and good customer service. A big thanks to #Alev Nazli, one of their Team representative, her call and support was a good one 👍 even though I’m still new to the trading industry.
This team gives highly competitive spread and a huge range of assets LimeFx, daily market analysis research instruments, affiliate programs & 0.9 pips is an average spread cost. The broker provides different trading platforms such as WebTrader, Meta Trader 4 / Meta Trader 5 , AvaOptions, etc. WebTrader and Avaoptions are its trading platforms, whereas MT 4/MT 5 are third-party limefx forex brokers reviews platforms. You can trade most ETF and individual stock CFDs only on the MT 5 platform. We found out that the mobile app which LimeFx absolutely proud of is LimeFxGO, which is simple to use and offers a wide circle of tools at the same time. The App features a friendly dashboard with advanced tools and step-by-step guidance for trades opening, activity feedback, and support.
What is the minimum deposit at LimeFx?
71% of retail traders CFD accounts lose money when trading with this provider. You should consider whether you understand how CFD works and whether you can afford to take the high possibility of losing your money. LimeFx offers various deposit and withdrawal options, all of which are free of charge.
While LimeFx processes withdrawal within 24 hours, it may take up to ten business days for traders to receive their funds. The overall process remains swift, but I would like LimeFx to add cryptocurrencies as an option. LimeFx offers traders a familiarity with MT4/MT5, is a leader in algorithmic trading, and is equipped with an integrated copy trading platform. It also deploys its proprietary WebTrader and mobile app LimeFxGO, where it embeds services provided by Trading Central, additionally available as an MT4/MT5 tradind platforms.
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Web Trading Platform
The rebranded and updated MT4-based app includes enhanced social trading capacity but a limited feature set that’s generated dozens of complaints on Google Play. The app is also geared toward newer and less skilled traders, providing “step-by-step guidance on opening trades” and a feedback system that experienced traders aren’t likely https://limefx.name/ to use. The broker touts no commission trading which would mean that client trades “crossing” the bid/ask spread is the principal means by which LimeFx generates revenues. Retail traders are charged higher spreads than professional traders but the requirements are such that few clients will be able to obtain that latter designation.
- WebTrader and Avaoptions are its trading platforms, whereas MT 4/MT 5 are third-party platforms.
- LimeFx trading platform with headquarters in Dublin, Ireland.
- Retail traders are charged higher spreads than professional traders but the requirements are such that few clients will be able to obtain that latter designation.
- LimeFx provides trading in various financial instruments such as forex, stocks, indices, etc.
The broking firm provides negative balance protection and AvaProtect for losing trades when the market turns opposite. However, the FCA does not regulate it, which is known for its strict market regulations. It does not provide 2FA (two-factor authentication) to log in to its trading platforms. The bulk of customer support at LimeFx consists of its FAQ section and its chatbot. E-mail and phone support are equally available, and the multi-lingual customer support team stands by during market hours.
Costs
LimeFx has one of the best customer service departments that offer support in more than 12 languages. To learn more about the broker’s services and account specifications, read our comprehensive LimeFx review. There are no account management fees at LimeFx, and deposits and withdrawals are also entirely free. However, the inactivity fee is quite costly at $50 per quarter after only 3 straight months of inactivity. Furthermore, 12 months of consecutive inactivity will result in an administration fee of $100.
You should consider whether you understand how CFD works and whether you can afford to take the high risk of losing your money. LimeFx offers a dedicated and excellent multilingual customer support team supporting 14 languages. This team is available 24X5 over the phone support, live chat, and email.
LimeFx offers traders a broad range of trading platforms, including a dedicated options trading platform and its proprietary mobile app and social trading platform. The available assets present a balanced mix, offering clients in-depth cross-asset diversification from a commission-free pricing environment. LimeFx spreads start from 3 pips, which is incredibly expensive when compared to other market maker brokers. The lack of an ECN account further complicates things for larger traders, in particular for those who seek Direct Market Access conditions with tight spreads and fast executions.
However, the platform feels outdated and some features are hard to find. For example, it took us a while to figure out how to add an asset to the watchlist. However, it’s not customizable; for example, you can’t change the size and position of the tabs. Please note that although depositing with credit/debit cards is usually instant, your first such transaction may take up to 1 business day to go through (it took us about 4-5 hours). This is because LimeFx carries out a security verification for each card when it is used for the first time.
LimeFx main highlights
Spread betting account is only offered in United Kingdom and Ireland. It has several offices in Australia, Ireland, China, Japan, Italy, Mexico, Poland, Mongolia, South Africa, and several other countries. You can limefx broker reviews use different order types to trade, and you must consider using stop-loss orders when opening a trade position. These days, they claim that pamm h has a lot of investors and they’re afraid to loose in the market. Know more on, remove timehsare
What Can I Trade on LimeFx?
Traders at LimeFx can invest in stocks, indices, commodities, and ETFs by either buying or selling these instruments as CFDs. Using the MetaTrader 5 platform, customers can trade the full range of instruments available at LimeFx. Investor protection is offered to EU clients with the Central Bank of Ireland offering up to €20,000.
Non-trading fees
Being able to access your funds, and fund your account with an initial deposit through a bank account with no complication is another core of options trading. And while choosing a broker you should consider that point too, so here there are also good options offered by LimeFx. The AvaOptions app, powered by Sentry Derivatives, offers LimeFx clients an exceptional mobile trading platform for forex options. The mobile experience given by LimeFx’s proprietary apps will satisfy the majority of traders . However, they are not quite as complicated as the mobile apps offered by industry leaders. However, LimeFx continues to advance in this sector and offers a comprehensive array of applications.
LimeFx does not accept U.S. clients due to regulatory constraints which, coupled with the fact that it is not FCA regulated, is cause for a bit of concern. LimeFx is not regulated by the FCA, a highly regarded regulatory entity with a reputation for being strict in ensuring that market practices are fair for both individuals and businesses. We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners.
