The flexibility of the MT4 platform to be tailored to individual trading preferences has made it exceptionally popular. Additionally, it incorporates algorithms that can automatically execute and terminate trades based on pre-set parameters. Deposit your account using any method is available in your broker, then trading normally, and rebate will be paid automatically according to payment schedule or you can withdraw it manually. The amount of compensation can be up to 150% of the base affiliate commission from each completed transaction.
New users will need to fill in a simple form, selecting the account type (Demo ECN, Demo STP or Demo Crypto), and the initial deposit. The broker requires also some basic information, like a valid email address, and a phone number. Please note that to open a demo account, traders do not need to upload any verification document(s) to LimeFX, unless they are ready to open a live account.
How to Open a Forex Cashback Account with LimeFX (via SAShares)
When we refer you to LimeFX to open a new trading account or link an existing trading account under our referrer (when possible), LimeFX pays us a commission which is mostly paid back to you in the form of cashback. LimeFX forex rebate is a must for any forex trader since https://limefx.vip/ it increases your profitability and cuts down costs, and unlike some of our competitors, your trading terms such as the spreads or commissions you pay never change. For example, you can receive a cashback of 0.5 pip for each EURUSD trade but no cashback for GOLD trades.
- Overall, LimeFX is an excellent broker well-suited for traders with moderate to advanced experience levels.
- 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.
- On this basis LimeFX team started to look for and eventually developed a solution settling the conflict of the interest between Brokers and Traders.
- PAYBACKFX does not accept applications from residents of the Iran, Iraq, Israel, Lebanon, Syrian Arab Republic.
- Currently we have a relationship with all of the most popular broker’s across the globe.
PAYBACKFX does not accept applications from residents of the Iran, Iraq, Israel, Lebanon, Syrian Arab Republic. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. The information on this website is not intended to be addressed to the public of Belgium and Japan, or any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. You can confidently
trade with us knowing we have your best interests at
heart. No, LimeFX fees and spreads will not increase when using the Cashback Rebate feature.
Rebate conditions, information
Negatively, some LimeFX users complained about the broker’s spreads for the Micro and STP accounts, stating they were slightly above industry average, especially during the Asia session when compared to other brokers. LimeFX offers a demo account on the STP, ECN, and Crypto Accounts for traders who wish to test the trading platform and practice their strategies without risking real money. The demo account provides access to the same trading platform, tools, and market conditions as live accounts. LimeFX reviews by verified customers, cashback rebates, expert ratings, spreads & fees, leverage, demo accounts, downloads, trading platforms and more. LimeFX MT5 trading platform is currently supported only with the LimeFX ECN account. LimeFX is a highly reputable broker that offers a wide range of account options, competitive spreads, and multiple high-quality trading platforms.
LimeFX applies overnight fees, also known as rollover fees, to positions held open overnight. 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. Overall, LimeFX offers cashback of between 15% and 50%, 2.4 and 3.4 pips on the ECN, STP, and Crypto Accounts, along with their PAMM variations. The traders can access pool of interbank liquidity under STP model in Market Execution format.
Traders can trade virtual funds and experience trading in a simulated environment. A demo account is an essential tool for novice traders learning about the forex market and experienced traders who want to test new strategies or refine existing ones. LimeFX Ltd, is a member of the Financial Services Compensation Scheme (FSCS), an independent compensation fund of last resort for customers of authorised UK financial services firms. The ICF is an investor compensation fund for retail clients of CIF registered financial firms, and its functions are regulated by the directive DI87-07 of the CySEC. Forex cashback rebates are a type of reward offered to traders for their trading volume.
On the downside, LimeFX deposit/withdrawal fees (5% + 0.15 USD / 5% + 0.15 EUR / 5.5% + 40 RUB for card deposits, for example) are criticised by the trading community along with the exchange rates. Also negatively, a few traders signalled the inefficiency of the LimeFX customer support services with technical questions. Since 2015, over 1,500 traders have won cash prizes and bonuses with a total amount of $200,000.To check out the current LimeFX contest, or to register for the next available one, follow the available tournaments link. Established in 2005, and with offices in the UK and Australia, LimeFX is one of the world’s leading and fastest-growing Forex brokers. The broker offers its customers attractive trading conditions, fast and error-free order execution and the industry’s most advanced and innovative technological solutions for both retail and institutional clients.
Currency Conversion Fees
LimeFX offers various accounts types, from the Micro account, suitable for novice traders, to the Crypto account – tailored for cryptocurrencies investors. With a global presence, LimeFX offers great trading conditions and fast execution times, and customers can enjoy a tailored trading experience that perfectly suits their needs. Trading with LimeFX can be done via the MetaTrader 4, the next-gen MetaTrader 5 and the TickTrader platforms, all available as a standalone web trader version, desktop terminals, and complemented with the mobile versions for Android and iOS. LimeFX verified customers – with a live trading account – recommend the broker for its range of complete trading accounts, together with the low minimum deposits required to open a live account. Traders were also very pleased with LimeFX’s funding options, especially the electronic payments accepted and they had mixed opinions about the broker’s customer support service, some praising it, and others complaining about its efficiency. Also on a positive note, traders praised the broker for its low spreads of the ECN account.
While its educational resources may be limited, its low fees and solid track record make it an attractive option for experienced traders. We have chosen to focus on the more reliable, competitive and trustworthy brokers. If we were to add every forex broker that approached us we would have at least several hundred. Currently we have a relationship with all of the most popular broker’s across the globe. As a customer-focused company our paramount concern is that we send clients to broker’s where they will be able to withdraw their funds easily when the time comes; and experience fair trading conditions and good customer service. LimeFX ECN account is the broker’s most competitively priced account, suitable for all traders, but particularly useful for scalpers, high-volume traders and those who trade with Expert Advisors (EAs).
Once you receive confirmation of the transfer from LimeFX, you can create an additional trading account. If you have an existing LimeFX account, you can get a cashback rebate by following these easy steps. If you do not have an existing account with LimeFX, you can easily obtain a cashback rebate in three easy steps. Unlike other Forex brokers, LimeFX was created by a group of traders and has come a long way from its roots as an educational center to become a major Forex brokerage company that continues to expand rapidly.
Which LimeFX rebate program is the best?
Clients can also connect with LimeFX on social media platforms such as Facebook, Twitter, and Instagram to ask questions and receive updates on the latest news and events. Once LimeFX processes the withdrawal request, the funds will be transferred to your selected account or payment method. Traders can enhance their trading skills and knowledge by using market analysis, market news and Forex calendar as well as educational materials for higher success rate.
Rebates per lot:
Please check LimeFX official website or contact the customer support with regard to the latest information and more accurate details. Immediately after crediting, these funds can be withdrawn or used for trading. They provide Electronic Communication Network (ECN) services without any re-quotes and under No Dealing Desk Scheme in which prices are fed by trustworthy liquidity providers with high accuracy without any delay. If you used more than $1.05 million margin, you won’t earn any cash back amount as the coefficient rate is 0%. The Cash Back Rebate amount will depend on the account type and the margin used within the promotional period. You can get up to 3.6 pips cash back rebate which is the highest rate available in the industry.
The minimum deposit required to open an account with LimeFX varies depending on the account type. For example, the minimum deposit for a Micro account is $1, while the minimum for an ECN account limefx forex brokers reviews is $100. LimeFX currently only pays rebates on Forex and Cryptocurrencies, which limits what traders can earn. Therefore, adding other asset classes could benefit traders, partners, and LimeFX.