Spreads are known to increase during volatile conditions, this does not happen from our side but depends on our liquidity providers. The Company acts as a principal (therefore, the Company is the sole Execution Venue for the execution of the Client’s orders). Moreover, when the Company executes Clients’ orders, it may in turn route its own orders to regulated EU and Non-EU financial institutions. You can find a full list of all the trading instruments we offer here.
- These are several posts written by Strategy Managers in order to give their investors an overview of their trading strategy and/or trading schedule.
- Select the ‘+’ symbol on the top of your application select the category and trading instruments you want to view.
- LimeFX will be launching MT5 in the near future, we will keep our registered clients posted and will also update our website accordingly.
- As a result, it’s possible to be a tax resident of a country and not be obliged to pay taxes in that country.
- Tax residency means the country in which you’re legally obliged to pay taxes.
If this is your first withdrawal, you should ensure that the withdrawal payment is made to the same bank account used to make your initial deposit. All withdrawal requests are limefx company reviews processed by our Back Office Department within 24 hours. However, the time required for the funds to be transferred to your account will depend on the payment method used.
The IB program is for anyone with a large network of clients looking to expand their business; strategy providers, forex educators and trainers, or regional representatives. If you haven’t received your funds in more than 10 business days, you should email our Back Office department requesting an ARN (acquiring reference number). Your credit/debit card provider will then be able to track your withdrawal.
Documents required from Nigerian clients.
As a globally regulated and licensed broker, we keep your funds fully segregated and secure. Regional restrictions FXTM brand does not provide services to residents of the USA, Japan, Canada, Haiti, Suriname, the Democratic Republic of Korea, Puerto Rico, the Occupied Area of Cyprus. To help you get started or improve your trading skills, we offer education for beginners and advanced traders in a variety of formats. To get started or improve your trading skills, we offer education for beginners and advanced traders in a variety of formats.
Residents of Nigeria can also open a trading account in NGN. Yes, as long as you have sufficient free margin on your account to cover the withdrawal and any extra fees that may occur. In some cases, Credit Card withdrawals can only be made within 12months of the initial deposit. Withdrawals must be made in proportion to the deposits according to the payment method used. If this is your first deposit via Credit/Debit card you will need to upload or email a clear colour copy of the front and back of your credit card in order for us to process your request.
Yes, a MIB program allows you to refer other partners (Sub IBs) and earn rewards from their clients. You still earn your rebates even if you have one client that trades a 0.01 lot. You can start sharing your Referral link with clients as soon as you register. As long as your client keeps trading with FXTM, you keep earning.
What are your Margin Call and Stop Out Levels?
Go to the ‘My Investment Accounts’ section in MyFXTM and select the ‘Pause’ option next to ‘Account Status’. All your investments on that account will then be paused. This a brief summary written by a Strategy Manager to give Investors a better understanding of their trading style and trading objectives. If a Strategy Manager has provided a strategy description, it will appear on the Strategy Account Overview page. You can select a Strategy Manager from the table and view his performance, this information is updated once a day.
No, even if your clients earned you a couple of cents, you will still be paid accordingly. Your wallet is where you can find all the commissions you’ve earned and what is available for withdrawal. As the amount of funds from followers increases, the Strategy Manager should also increase his/her own funds and decrease the leverage on the Strategy Account.
When can I withdraw my commissions?
Generally, you’ll find that your tax residency is the country in which you live. But there are circumstances where you may hold tax residency in another country, or in multiple countries at the same time. Tax residency means you’re a tax resident of a country under its national tax laws.
You can find full details on your transactions in MyFXTM by following the steps below. If you’ve forgotten your password, you can follow the steps to create a new password here. As you’ll be practicing under real market conditions, limefx broker reviews you’ll get to see for yourself exactly what happens when prices change and learn how best to protect your trades with tools like Stop Loss. An alternative LimeFX website offers services that are better suited to your location.
Positions can be made from any account, on any instrument and in any lot size. There are three levels and these are defined by the number of qualified active traders you have in a 30 day period. Your progress is checked hourly, and your upgrade to the next level is automatic.
What should I do if there’s a problem with a specific trade?
If this is your first deposit, after completing the steps outlined in ‘How to deposit funds into my account? ’ you will need to upload or email a screenshot of your WebMoney account showing the following. Some additional steps might be asked from your payment provider. We offer a variety of local payment solutions for different regions.
’ you will be given details on how to proceed with an online payment or transfer from your bank account to FXTM’s bank account. Wallets are created automatically when you open a MyFXTM account and can be used to make deposits, withdrawals and internal transfers to and from your trading accounts in different currencies. The most important thing to remember is that wallets are not the same as trading accounts – they are just internal accounts (or wallets) designed to keep your money stored within MyFXTM. You can open additional trading accounts and access other products and services in MyFXTM. All client funds are held in segregated accounts in top-tier banks, ensuring that your investments are secure and protected at all times. While you can only open one MyFXTM account, you can open multiple trading accounts and access a range products and services in MyFXTM.
What is a strategy description?
In some countries, different categories of individuals may even have different TIN structures. No two people or entities will ever have the same TIN, so it’s an ideal way to make sure everyone has their own distinct identifier for tax matters. https://limefx.name/ LimeFX Ltd, LimeFX UK Ltd and Exinity Limited are the three entities under the FXTM brand. All entities are licenced and regulated in multiple jurisdictions around the world and offer corresponding products and services.
Trade your favourite assets with super-tight spreads, low commissions and pinpoint execution. With friendly Customer Support, the latest technology and a range of account types, we’ve got everything you need to discover better trading. We serve a global audience from close to 200 countries, with a global network of offices, spanning Europe, Africa, Asia and Latin America.
LimeFX will be launching MT5 in the near future, we will keep our registered clients posted and will also update our website accordingly. The first currency is called the base currency and the second currency is called the quote currency. So for example, EURUSD, means that the base currency is t… Put simply, Margin Level indicates how “healthy” your trading account is. It is the ratio of your Equity to the Used Margin of your open positions, indicated as a percentage.
The Company reserves the right to adjust these levels whenever it deems necessary, and to inform the Strategy Manager in advance. By selecting the ‘Switch Off’ option under the ‘Investor Setting’ tab in MyFXTM and clicking ‘Confirm’ on the pop-up. Because a small amount of risk is necessary to generate any potential profits.