Check LimeFX BANK Swift Code BIC Before Money Transfer

This amount is often lowered substantially when leverage is applied. LimeFX FOREX adheres to high standards of activity in the international foreign exchange market. The broker is regulated by Russian legislation and services are provided based on a license from the Central Bank of the Russian Federation. LimeFX forex broker operates under the strict oversight of Russian legislation, with its services provided under a license from the Central Bank of the Russian Federation. In addition to adhering to Russian legislation, LimeFX FOREX is governed by a series of licenses that validate its commitment to professionalism and ethical conduct. While LimeFX may not have an active Trustpilot page, there are a couple of notable platforms where traders have shared their experiences.

This broker accepts two basic payment methods – debit/credit cards and wire transfers. Additionally, you can transfer money from one account to another within the same company free of charge. The company offers banking, brokerage, asset management services, and more. The Client Agreement («Framework Agreement of LimeFX Forex LLC») establishes the rights and obligations of the parties – the broker and the trader. Thus, clause 5.7 says that you are liable to the forex dealer for any losses incurred by him through your fault, including the ones caused by the untimely submission of documents or misrepresentation of information.

Major Currencies to RUB (Russian Ruble) Today in Ufa

The Central Bank’s interest rate will play the key role in the domestic market. Yesterday, there was news that the ministry of economic development proposes to increase budget expenditures for the next years. If the government agrees with such proposals, it will mean that inflation risks will increase, and the Central Bank will continue to raise the key rate. But for an investor, it is important how the interest rate develops. I don’t expect a big strengthening, because there is still a fiscal rule that sterilises additional raw material revenues.

Once your Account is approved and verified, you can fund your trading account. Opening a trading account with LimeFX is a straightforward process. Navigate to the official LimeFX website using your preferred web browser.

Withdrawing Profits From Your Broker Account

Before sending an international wire transfer to LimeFX BANK Moscow, please be sure to verify the SWIFT code for the account you’re sending to. Before sending an international wire transfer to an account at LimeFX BANK Moscow you should confirm the correct IBAN or SWIFT code for that location. These codes are used when transferring money between banks, particularly for international money transfers or SEPA payments. Banks also use these codes to exchange messages between each other.

Brokers offer a variety of trading accounts, or they may only offer a single account, in which they provide certain trading conditions that appeal to a variety of traders according to their trading needs and objectives. “About a third of emerging market currencies are strengthening against the US dollar this https://limefx.name/ year, and the ruble is among them. According to the ACRA forecast, the average value of the ruble against the US dollar is expected to reach 73,1 this year. Since the beginning of the year, it has amounted to 74,3, so we expect that in the absence of external negative events the strengthening will continue.

Compare prices for sending money abroad

If it’s too late to cancel, you might have to contact the recipient yourself and request that they return your money. When sending or receiving limefx money, always check the SWIFT code with your recipient or bank. Yes, LimeFX offers a proprietary mobile app for Android and iOS.

In this LimeFX review, we will examine this broker closely to help traders understand if it’s the right platform for them. By tradition, by August, the population of Russia is wary of the behaviour of the national currency. For some reason, it is this month that the national currency most often collapses, the economy is reshaped, inflation gets a new round. Some superstitious investors prefer to wait out this wonderful time so as to avoid a “black swan” event.

Trading accounts of LimeFX Forex

A noteworthy advantage of trading with LimeFX FOREX is that they do not charge commissions for trade executions. This applies specifically if you replenish your Account with cash at the LimeFX cash desk or transfer funds from a LimeFX Bankcard. Unfortunately, The broker’s website does not provide clear information regarding other potential fees, such as inactivity or account maintenance fees.

• LimeFX FOREX does not accept clients from the United States as well as some other jurisdictions.
• LimeFX FOREX offers only one standard live trading account as well as a demo account that can be used by beginner and more advanced traders to first practice trading on.
• MetaTrader 5 is the latest and the best product of MetaQuotes Ltd.
• “The trajectory of the national currency exchange rate will depend on what monetary policy the Fed will pursue.
• However, prior to that, we’d like to invite you to read our reviews of FXTM, HFM, and Equiti brokers.

Unfortunately, LimeFX Forex does not support traders from the United States. They have representative offices in more than a hundred cities, making their services easily accessible to individuals from various regions. Being part of LimeFX Investment Holding, which was established in 1994, gives LimeFX a solid foundation.

Trading Denominations on LimeFX

LimeFX BANK SWIFT codes may be required when you want to send or receive money across international borders. If you want to receive international remittances in your LimeFX BANK account, or if you want to send money to someone who holds a LimeFX BANK account in another country, you would need the corresponding SWIFT code. LimeFX BANK uses SWIFT codes to securely communicate with other banks about international remittances and to route international transfers to the correct destination.