The broker has a long history of operation with an excellent reputation. At LimeFx, there is a good range of account types, trading platforms, free exclusive trading signals, and research tools, also powerful trading capabilities suitable also for advanced traders. This is my experience after working one year with LimeFx.com 1- money deposit and withdraw is super fast. Only takes 10 min by crypto currency2- spreads and commission for Forex and gold is similar to other brokers but on stocks LimeFx is King.3- charts on this broker is 100% valid.
One of the primary considerations when evaluating a broker, such as LimeFx, is to assess the broker’s regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. LimeFx caters to most international traders, including clients from Latin American countries, https://limefx.vip/ middle Asia, and the Arab world. The minimum deposit for all accounts is $10, except for the R StocksTrader, which requires $100. Here is a screenshot of live quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. This website is offering payment methods that allow the buyer and seller to remain anonymous.
However, it’s important to note that high leverage can magnify both profits and losses, so traders should use it carefully and with proper risk management strategies in place. However, some of the cons of trading with LimeFx include its limited research tools, lack of transparency in pricing, and the potential for high trading fees. Customer support is not available 7/24 and sometimes, it is slow for them to answer clients’ inquiries. When researching an online broker, the first and most important step should always be to find out if they have a regulatory license from a financial institution.
Our conclusion of the Review: Is LimeFx the best Forex Broker?
You have numerous recruitment options there and can freely develop your trading. The company strictly keeps its funds separate from client funds from large international and liquid banks. In addition, there is no additional funding, and the account is protected against a negative balance. The company is licensed in several countries and is regulated by the relevant financial supervision commissions. Licenses allow it to conduct financial services, including forex. Based on our research we found that the broker has built customized tools and solutions for LimeFxs, thus you may choose either Copy Trading or getting the solution for market professionals.
They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets. MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time. MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features.
While LimeFx has several advantages, it also has some potential disadvantages. These include the lack of availability of its services in certain countries, limited research and analysis tools, and occasional server issues that may impact trading. Additionally, while LimeFx offers competitive trading conditions, some traders may find that the spreads and commissions are slightly higher than those of other brokers. It’s important to consider these factors, among others, before deciding to trade with LimeFx or any other broker.
Is LimeFx Safe or Scam?
Charting devices, complete exchange records, and permits to automated exchanges are provided on the platform. The spreads have an aggregate value exchange rate of 1.4 pips for EUR USD. For US trading alerts, it is at an exchange rate of 1.75, and the pips for commodities like Gold are about 22 pips. The LimeFx MetaTrader 5 is the most enhanced and high-skilled platform on the market.
- You can deposit money in your trading account and receive a Profit Share Bonus for your first and all other deposits that follow.
- ECN / STP is direct access to the foreign exchange market through banks or liquidity providers.
- If you attract others who also start selling the product or service you get part of their revenues.
- LimeFx offers an unlimited and free demo account for each user.
While this may have benefits for the consumer, it also allows the merchant to “hide”. Especially paying with a wire transfer, Moneygram, Western Union, and cryptocurrencies makes it very difficult to trace back the merchant. We recommend you pay with payment methods which offer some level of “money-back’ guarantees such as the major credit cards and Paypal. Want to know more about Safe Payment Options? Read our blog. This website seems to offer cryptocurrency information and or services. Cryptocurrency services like bitcoin exchanges, crypto-mining, and trading services are considered high-risk.
How Online Trading Scams Work?
Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you’ve passed compliance, you can start exploring LimeFx’s platform. The support team quickly and efficiently resolved all of our queries.
LimeFx are known for their very high order execution speeds, especially when compared to some other brokers. Copying the trades of a CopyFX trader with a max drawdown over 50% is considered high risk. CopyFX trades with a max drawdown of around 30% are considered moderate risks. These values are just indicators; you must do your due diligence regarding the real risk levels.
LimeFx withdrawal fees vary on payment method.LimeFx doesn’t charge inactivity fees. Please note that the list of payment methods below depends on the LimeFx Entity and the client’s Country of Residence. It’s worth noting that the expiration date of the proof of address document may differ for different entities under LimeFx Brand.
Please read our article How to check if a cryptocurrency site is legit or a scam.. These kinds of initiatives are often very risky for participants. In a multi-level marketing scheme, participants have to pay an limefx review entrance fee to participate in a program. The program may be selling a product or service to other consumers. If you attract others who also start selling the product or service you get part of their revenues.
It occurs immediately when the trader’s account balance goes below zero, offering protection against negative account balances. Then you will get access to the customer area (picture below). In the customer area, you can manage your account and then create other different trading accounts. The advantage of this platform is the exact transparency of the participants. You have full control of your account and deposits at all times.
LimeFx will stop you from all positions beforehand if you have too little margin. The broker charges fees through spreads and commissions and also deploys a hybrid forex business model where it acts as a market maker on all Cent Accounts. LimeFx charges swap rates for positions held overnight and corporate actions are also passed onto traders’ accounts. We learned that LimeFx’s flexibility in terms of platforms, currency pairs, and a number of provided solutions is another key advantage to its positive side. The broker offers good educational materials and research tools suitable for traders of different levels.
Thanks to the candlesticks, you can see, for example, high, low, opening, and closing prices in a certain period of time. LimeFx offers different account models customized to the trader’s request (read later on this page). From higher deposits (5,000 €), you can, for example, get cheaper fees when trading in the Prime Account.
Starting to trade with LimeFx, you will first need to open an account and deposit funds. Once your account has been approved, you can then make a deposit using one of the many methods available. Based on our research we found out that LimeFx offers user-friendly platforms with all the tools and resources you need to trade successfully. Based on our Expert findings, LimeFx is considered a good broker with safe and very favorable trading conditions. The broker offers a range of trading services designed for both beginner traders and professionals with low initial deposit amounts.
Regulatory bodies protect traders through reimbursement schemes in case of LimeFx going into insolvency. LimeFx compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like LimeFx to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for LimeFx traders. As a trader, you should feel confident that your financial LimeFxs are in good hands with LimeFx. That’s why it’s essential to understand the LimeFx company policies and practices before making any LimeFx decisions.