The amount of Cash Back you receive will depend on your trading volume, commission you pay and the coefficient rate specified in the above sections. After 90 days passed, Cash Back rebate amount will be automatically added to your commission account that is open automatically. Note that the cashback rate limefx reviews is 2.4 pips for STP accounts and 15% of commission for ECN accounts. The Cash Back promotion is available for all account types of LimeFX including ECN, STP, Crypto, Micro, PAMM ECN and PAMM STP. Signup and open a live (real) account for the first time, and get 90 days Cash Back directly to your account.
The company was founded as an educational center offering courses in the field of technical analyses and financial markets. The launch of brokerage services in 2005 was a natural progression to satisfy the growing need for fair and transparent trading conditions combined with excellent customer support. LimeFX STP account is best suited for experienced retail traders looking to trade only with the bid and ask prices, without any added commissions. The LimeFX STP account allows trading of 50 FX pairs, plus Gold and Silver, and is available only with the MT4 platform. Spreads are also floating, starting at 1.0 pip for major pairs, with no trading commissions and STP accounts can be opened with a low initial deposit – 10 USD.
Furthermore, this makes them a useful option for novice traders seeking to learn and seasoned professionals seeking to test new strategies, indicators, and expert advisors with minimal risk. Add your trading account in the member area MyPBFX to track rebate history and access all features, if not yet member please Sign up first. It may seem small, but in fact it’s the biggest factor that gives the trader less than a 50% chance of winning any particular trade. This seemingly small cost can be devastating when compounded, and in the long term if the trader relies on luck alone they are sure to continually lose on their investment.
- LimeFX and its affiliates do not accept any liability for any delays, inaccuracies, errors, or omissions in any data provided to clients in connection with VPS hosting.
- The customer support team provides innovative solutions via phone call, live chat and email 24 hours a day and 5 days per week for any trading problem their clients face.
- These fees are the cost of borrowing money to hold a position and are calculated based on the interest rate differential between the two currencies in the currency pair being traded.
The coefficients must be multiplied to the total cash back amount in the end of the promotion, and will decide the actual cash back amount. Then there are coefficients which you need to multiply the Cash Back amount accumulated during 90 days promotion period. Useful article for getting additional benefits from interaction with a broker. If you have used more than $1,050,000 of margin, then you won’t receive any Cash Back Rebate from LimeFX. Here are the main rules and conditions of LimeFX’s Cash Back Rebate promotion.
What is the minimum deposit required to open an account with LimeFX?
The ECN account allows trading of 50 FX pairs, plus 25 cryptocurrencies CFDs, and is available with the MT4, MT5 and TickTrader. Spreads are floating, starting at 0.0 pip on major FX pairs and a trading commission of 1.5 units per lot traded. The Forex cashback rebate process offers traders a percentage of their trading commission back as a rebate. The rebate amount is based on the trading volume and varies depending on the broker. The MetaTrader 5 platform is another trading platform that LimeFX provides traders with access to financial markets. It offers a range of features, such as the ability to execute orders, test trading strategies, and analyze markets.
All trading styles, including scalping, news trading, automated HFT, and expert advisors, are permitted, with no restrictions imposed. The absence of a dealing desk implies that the system matches your order against an opposing order from another participant of the ECN. Therefore, the broker does not trade against you, and there is no conflict of interest between https://limefx.biz/ the trader and the broker. Although LimeFX does offer some educational resources, it is important to note that it does not have as extensive a range as some other brokers. Setup your rebate method to automatically or manually in the member area MyPBFX. Then select payment system to wire transfer, or e-currency such as Neteller, Skrill, Perpect Money or Paypal.
Furthermore, the importance of the demo account lies in its ability to allow traders to gain experience and confidence without risking their funds. LimeFX employs top liquidity providers (exchanges) to aggregate liquidity and hedge client exposure risks. With high leverage and a low initial deposit of $10, Forex STP accounts can benefit from a genuine ECN trading environment, even for traders with modest and medium-sized capital.
Regulation & Company Information
Working from the very beginning with the world’s most wide-spread and user-friendly trading platform MetaTrader (MT4) LimeFX had gained the deepest knowledge possible about the technology. On this basis LimeFX team started to look for and eventually developed a solution settling the conflict of the interest between Brokers and Traders. This company provides cutting-edge, convenient and secure ECN model financial market services as well as modern and fast trading platforms. LimeFX offers free Forex VPS services for one month to clients who maintain equity of at least $5,000 in their accounts at the end of the month or have traded volumes of $10,000,000 per calendar month.
This platform is widespread among traders due to its simple structures and graphical tools with numerous advanced features and indicators. Your trade is executed instantly
through our wide range of liquidity providers streaming
real-time prices. Apply for a free VPS (see Terms &
Conditions) for enhanced trading flexibility and speed. This is because SA Shares aims to negotiate the most competitive commission rates with brokers such as LimeFX to ensure you get the most back from your trading activities. Traders can qualify for a free Forex VPS by maintaining equity of USD 5,000 in their accounts at the end of the month or by trading volumes of USD 10,000,000 per calendar month. Furthermore, the MT5 Strategy Tester tool allows traders to design their platform strategies.
You can expect some of the highest commissions if you work through SA Shares to earn Cashback Rebates from LimeFX. It is impossible to determine the exact number of traders using the Cashback Rebate feature with LimeFX. LimeFX offers trading in Bitcoin and Litecoin against the US Dollar, Euro, or Russian Ruble in the form of CFDs. LimeFX and its affiliates do not accept any liability for any delays, inaccuracies, errors, or omissions in any data provided to clients in connection with VPS hosting.
LimeFX also complies with client money handling regulations and employs strict policies and procedures regarding the maintenance and operation of these accounts. For these reasons, LimeFX clients’ funds are kept in top-tier international banks, such as the Commonwealth Bank of Australia, Barclays Bank Plc and Lloyds Bank Plc, fully segregated from the company’s funds. Yes, LimeFX offers SWAP-free Islamic accounts compliant with Sharia laws for Muslim traders. Currency Conversion fees will apply if traders deposit and withdraw in currencies other than their set base account currency. Both novice and experienced traders can benefit from the advanced charting package with technical indicators and drawing tools, trading algorithms (including neural networks), and social trading, enabling traders to follow others.
How can I qualify for a free Forex VPS with LimeFX?
LimeFX UK has been rendering broker services since 2005, with top priority in development and enhancement of innovation solutions for trading. With its MT4 ECN innovative trading platform launched in 2009, LimeFX has become one of the first brokers to provide retail traders with access to interbank trading floor via MetaTrader platform. LimeFX Cashback service – Receive up to $15/lot traded for the registered clients. Overall, LimeFX is an excellent broker well-suited for traders with moderate to advanced experience levels. LimeFX’s services and features show its commitment to providing a high-quality trading environment.
Brokers by Regulation
LimeFX demo account gives users the chance to test the broker’s services and pricing on several financial instruments, without risking any real money, for an unlimited time, as the demo account is non-expiring. LimeFX guarantees a demo that mimics real market conditions, allowing the correct testing of multiple trading strategies, and even automated trading. A LimeFX demo account is 100% risk-free and the funds (up to $5,000,000) are virtual – including both winnings and losses, of course. Register for free and test your trading strategies, open an LimeFX demo trading account with no risk and no obligation now. With LimeFX investors can trade with different trading platforms, the classic MT4 and the next-gen MT5, and the more complete TickTrader platform, allowing all types of strategies, automated trading and to suit all kinds of traders. Starting our LimeFX review, we will outline some of the key features of this popular CFD broker.
For all new traders of LimeFX, the broker offers direct Cash Back Rebate for the first 90 days. PAYBACKFX provides real-time reports of each of your cashback (when possible) so you can be rest assured that each and every rebate you should receive is paid to your account. Important to note that each broker has different cashback rates for account types and instruments. All of the regulated LimeFX entities, the LimeFX Ltd (UK), LimeFX AU PTY Ltd (Australia) and LimeFX EU Ltd (Cyprus), offer a default Negative Balance Protection. They offer lucrative partnership including Introducing broker, Regional representative and white label to boost their support services.
Once the deposit is processed, the funds will be credited to your LimeFX account, and you can start trading. If the interest rate of the currency being bought is higher than that of the currency being sold, the trader will earn a rollover credit. Conversely, if the interest rate of the currency being bought is lower than that of the currency being sold, the trader will be charged a rollover fee.