Both platforms are available through four methods; desktop, mobile, tablet, and through the browser-based version, WebTrader. Лайм ФХ International is an established broker that was opened back in 1998, giving them more than 20 years of experience in the Forex world. The company has grown to attract 2 million clients and opened offices in 8 global locations, across three continents.
Some withdrawals face internal costs, while third-party processing charges may also apply. With processing times of 24 hours, traders will receive their funds swiftly. It remains one of the most valuable assets at this broker and a shining example of how to ensure clients have flexibility with financial transactions, that include local options. A good broker constitutes a good service for traders in terms of many criteria including trading instruments,
deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily
mean the same thing to you. You can decide for yourself if
Лайм ФХ is a good broker for you or not by reviewing the criteria.
For all intents and purposes, the BVA FSC is not considered a forex broker regulator and applies no supervision of any CFD trading-related activities. Clients must rely solely on the reputation of Лайм ФХ, as no additional measures exist to ensure client protection. However, in a show of good faith, Лайм ФХ segregates all funds from the company’s operating capital, and it offers negative balance protection to all its clients.
But their results have not led to stagnation; today, as in the beginning, the company’s employees are constantly finding new solutions and striving to conquer new heights. The Reserve Bank of India warns the locals to avoid dealing with unauthorized online trading entities, which are listed below, due to a lack of compliance. Select withdrawal options incur an internal fee on top of third-party costs. Traders have access to 1,947 strategy accounts for Лайм ФХ CopyTrade. Despite its past difficulties, Лайм ФХ (Comoros) Ltd. remains a trustworthy broker with a distinct focus on emerging and frontier markets. Users who join the Лайм ФХ program are eligible to get up to $5 money-back on every trade they make.
Opening an Account at Лайм ФХ
Besides, to see full fees always check funding fees, inactivity fees or other commissions. Лайм ФХ charges no trading fees except the spread and the commission on the assets with which you are trading. This spread is the one found between the bid and the offer in the order books. Here is the list of the minimum spreads you obtain for every account you open.
This brokerage company was indeed launched in 1998 and was first based in Russia. The broker was growing very fast and settled in the United Kingdom and the US in 2006. Лайм ФХ is mainly regulated by the FCA (Financial Conduct Authority), which is the UK’s leading supervisory body. It has, moreover, already been sanctioned by the institution a few years ago for not having established an adequate system against money laundering. This sanction did not, however, put the broker out of the running.
Also, we simply cannot look past the dubious feedback provided by actual traders. MT4 is by far the most popular and most capable trading platform available. Лайм ФХ offers versions for Desktop platforms, as well as a Web Trader and mobile apps for iOS and Android. Given the age of the broker, it is hardly surprising that it is a well-established entity indeed.
The account is still Sharia-compliant, as long as a trader remembers to close his positions on time. Opening a demo account with this broker is convenient and only requires a few personal details, including name, phone number, email, and country. The company doesn’t offer further information, so it’s unclear whether these accounts expire or if they can be topped up. Still, using one of these free practice accounts is a great opportunity for any trader that needs to brush up on their skills.
Лайм ФХ’s trading tools are severely limited compared to other similar brokers. Лайм ФХ’s mobile trading platforms are average compared to other Forex brokers. Лайм ФХ’s non-trading fees are average compared to other similar brokers. As you can see from the table above, the trading costs on the commission-free Nano MT4 and Standard limefx forex broker MT4/MT5 Accounts are 17 USD, making these rather expensive options. While UK residents may be apprehensive about trading under a subsidiary that is essentially unregulated, Лайм ФХ is regulated by the FSC and the FSA. Additionally, Лайм ФХ offers its clients account statements that are regularly audited by external audit firms.
How does Лайм ФХ (Comoros) Ltd. work?
Лайм ФХ’s CFD offering is limited compared to other brokers, with 22 indices, 2 metals, and only 46 Forex pairs for trading. One drawback for beginner traders considering opening an account at Лайм ФХ is the lack of educational and market analysis materials, forcing traders to self-educate elsewhere. No, Лайм ФХ International does not charge a deposit fee for bank transfers https://limefx.club/ and credit card payments. Third-party payment gateways and your mainstream bank may charge you additional fees for electronic transfers. Лайм ФХ International does not cover any fees charged if you deposit funds in a currency different from the base currency of your account. Лайм ФХ International keeps client funds in a separate account which is held by a leading bank.
Clients may contact customer support 24/5, and Saturday and Sunday between 1200 and 2000. While the FAQ section attempts to answer all questions, the live chat function represents the most convenient contact method. Traders may also call, send an e-mail, or connect via Telegram, but Лайм ФХ (Comoros) Ltd. maintains a well-managed operation, and most traders are unlikely to require customer support. The Mauritius Financial Services Commission (FSC) provides regulatory oversight of Exinity Group LTD, the owner of Лайм ФХ (Comoros) Ltd. It obtained its license in 2013 and has since had a clean regulatory record.
The company will support you entirely by phone, email, or live chat. It will always be easy to contact a courteous and experienced professional on one of these channels, from Monday to Friday, from 9 am to 6 pm (EST). In the trading world, the fees and spreads are major determining factors of your profitability rate, especially when trading with such high degrees of leverage. The pro account, on the other hand, gives you unrestricted access to all trading products and features but requires an account size of at least $ 10,000. It’sIt’s best to think in advance about what you expect from your Лайм ФХ account and what you can do with it.
Лайм ФХ fees: How much does it cost to trade?
The effect of leverage on profits and losses magnifies them in both directions. In other words, Лайм ФХ leverage profits and losses are magnified when trading. For instance, using CFDs, you use the Лайм ФХ trading platform to buy/sell $10,000 worth of Apple Computer Inc.
The 1000 to 1 leverage amount reduces as the notional size of the open position increases. If the notional value touches $8 million, the leverage amount falls to a minimum level of 25 to 1. If traders plan on trading individual stocks and cryptocurrencies, the maximum leverage becomes less due to regulatory rules. These are, without a doubt, the biggest scam artists I have ever come across in the industry.
- Лайм ФХ has also been into sponsorships of athletes, professionals, and sports tournaments.
- Overall, Лайм ФХ’s range and depth of trading instruments are limited compared to many other brokers.
- For clients who require tighter spreads, the Pro account may be more suitable, with a minimum deposit of $50 and spreads starting from 0.4 pips.
- Established on 24th December 1998, Лайм ФХ has started from a small group of men who are looking to start a business in finance in one of the most economically precarious years in Russia’s history.
To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the Лайм ФХ offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker. The new and updated version of MT5 boasts state-of-the-art features including options for hedging, while MT4 is slightly less advanced and more suited to traders who are new to the markets.
Лайм ФХ offers trading for Fix-Contracts that is both effective and simple with an excellent beginner-friendly interface comparison to other best forex brokers in the market. The trades can be done using only two buttons and this makes the platform exceedingly intuitive. Most of the Fix-Contract functionality is, however, available in the Fix-Contracts application only. Лайм ФХ International also offers MetaTrader 5 (MT5), the most popular platform in the world. All in all, the exchange provides a thrilling trading experience to all kinds of investors.
The vast majority of these reviews describe the «Лайм ФХ» withdrawal process as smooth, but when there are delays or difficulties, the reviews often refer to the banks or payment systems. Like most brokers, Лайм ФХ offers a demo account where you can try trading without risk. Лайм ФХ offers a wide range of deposit and withdrawal options, depending on your country and region. As we can see, for Latin American clients, no fees are charged for withdrawals via skrill, which usually take 1-2 business days to arrive. Besides excellent performance statistics, Лайм ФХ (Comoros) Ltd. developed Лайм ФХ CopyTrade, its in-house retail portfolio management system. The minimum investment is just $100, or a currency equivalent, and portfolio managers set the performance-based fees.
Лайм ФХ’s MT4 and MT5 apps allow traders to work from anywhere, with nine timeframes, 30 indicators, and interactive currency charts. Functionality to close and modify existing orders, calculate profit/loss in real-time, and tick chart trading further empowers traders while on the move. Лайм ФХ does not charge fees for deposits, but it charges relatively high withdrawal fees, depending on the method (click here for more on Лайм ФХ’s deposits and withdrawals). For example, a fee of 1.2% + 2.9 EUR is charged for withdrawals via debit cards/credit cards. Another cost to consider are the swap fees for holding a position open overnight. When trading a currency, you are borrowing one currency to purchase another.
Is Лайм ФХ trading Legit?
We want to ensure you have all the knowledge necessary to use the Лайм ФХ trading tools confidently, from depositing and withdrawing funds to executing trades. The multi-lingual service is provided via email, live chat and social media. The live chat is available 24/5 from Monday to Friday and on Saturday and Sunday within some defined hours. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews.
These products range from currency, stocks, precious metals, and indices to cryptocurrencies. Moreover, interestingly, when you use Лайм ФХ, your trades will be routed directly to the interbank market via its Straight Through Processing (STP) protocol. Лайм ФХ International is a Forex brokerage firm whose parent company, Exinity Limited is registered with the Financial Services Commission (FSC) of Mauritius.