LimeFx Review, Forex Broker&Trading Markets, Legit or a Scam-WikiFX admin marzo 31, 2021
LimeFx Review, Forex Broker&Trading Markets, Legit or a Scam-WikiFX

broker LimeFx

The processing time basically depends on the payment option you choose, ranging from several minutes to several days. As of December 2019, LimeFx has provided services for no less than 232,000 active traders globally, with a monthly trading volume passing $1 trillion. The company is also known to focus on complete transparency by consistently publishing its financial reports, which are reviewed by the Big Four accounting firm Deloitte, as written on its website. That means Deloitte would verify the existence and accuracy of all account funds and perform additional procedures, such as reconciliation of the funds and substantive testing of bonuses.

broker LimeFx

As we already said, the website is quite quick, but another thing about it is that it’s well-organized. The sections and sub-sections are intuitive and let you learn what you need to know quickly. The minimum spread on a Standard and Pro account is 0.3 pips and 0.1 pips respectively. For instance, you can open a total of 400 Standard accounts, which include 100 MT4 demo accounts, 100 MT4 real accounts, 100 MT5 demo accounts and 100 MT5 real accounts in one Personal Area. The Trader’s Calculator tells you all the basics you need to know about your trading positions.

What are the differences between Standard and Pro account types?

The boss came to take care of the behavior of the experts, so he took the duty of his own position to bully the customers. We would like to contact a specialist, the system is very good so that we can’t make any complaints, your subordinates hurt your customers. I believe the manager is a good person, but he doesn’t know what their subordinates do to many customers. Always That is printed in this because there is no other way for us to send messages to those who will maintain the interests of LimeFx customers that we can contact. As you can see from the table above, trading costs are average across all three of the Standard Accounts – most good brokers’ entry-level accounts have a trading cost of 9 USD per lot of EUR/USD traded. However, with no real minimum deposit requirements to speak of, these are still good accounts for beginner traders.

  • Then, you will be asked to verify your profile by completing phone and email verification, filling in an Economic Profile and providing proof of identity and proof of residence.
  • I always recommend that traders check them before evaluating the total trading costs.
  • To help you with your choice, the next part of our review will briefly go over the account types to help you choose the best one for you.
  • Almost any trading style is allowed in LimeFx, making your prefered strategy available and possible to be performed at LimeFx which is a great plus.

LimeFx understands the importance of getting educated before investing real money on trading. Therefore it has established the LimeFx Academy, an education hub for traders to discover everything about trading and develop their skills. Having a VPS means you can connect to a remote terminal that has a server in close proximity to LimeFx’ main trading servers in Amsterdam. This enables you to trade from the remote platform as if you were trading from your PC.

How to withdraw money from LimeFx?

Based on selected timeframes, TC Indicator will display the latest Trading Central articles, whether on an intraday, short-term, or mid-term basis. Traders can program and fill in orders based on the TC Indicator levels directly from their MT4 screen. More advanced traders may prefer MT4 or MT5, both available at LimeFx, which allows traders limefx scammers to customise their indicators, has many more chart types, and has algorithmic (or automated) trading. For the purposes of this review, we tested all three platforms – LimeFx’s web trader platform, MT4, and MT5. We will keep working to provide a good user experience.You can follow us on Facebook and Twitter to get the latest information.

Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader. The maximum leverage available on your account depends on the effective margin of your account.

broker LimeFx

I am using it and the thing I like the most in it is that it has instant withdrawals and deposits. I recommend beginners who want to trade with LimeFx seek in-depth education from third parties available for free, including trading psychology, before opening an LimeFx trading account. Education is not available, but LimeFx targets experienced traders, making the absence of educational content irrelevant to the business model of LimeFx.

LimeFx Alternative Brokers

The Social Trading mobile app is a platform that allows investors to replicate active traders (also known as strategy suppliers) to profit from profitable transactions. Although Social Trading does not come with its trading platform, it acts as one when investors copy deals. With its constantly-improving trading conditions and multilingual customer support, LimeFx has bent over backwards to offer its customers the ultimate trading experience. Therefore, the broker may adjust your margin requirements and maximum leverage prior to weekends, holidays, and important industry news announcements to minimise your risks. Last but not least, the broker ensures the security of traders’ funds by segregating its clients’ accounts from corporate funds. Also, the size of LimeFx’ funds is always several times larger than that of its clients’ capital.

This allows you to enjoy full market exposure even when your funds are limited. LimeFx Zero account holders are offered spread-free trading for the broker’s 30 most actively traded financial assets 95% of the day. LimeFx’ customers can enjoy trading a range of the world’s most talked about financial assets, including forex, energies, cryptocurrencies, metals, indices and stocks. Established in 2008, the LimeFx Group is a multi-asset broker providing financial services to over 200,000 monthly active clients from around the world.

Almost any trading style is allowed in LimeFx, making your prefered strategy available and possible to be performed at LimeFx which is a great plus. Both MT4 and MT5 support all devices including PC and MAC, so the choice is yours which platform you prefer to use either industry standard or its new developed version MT5. Good to mention again that each account supports both limefx forex broker platforms, so there is no need to specify, you can use two at the same time, which is great. The payment options including the possibility to use either method so you can always choose a suitable one. LimeFx typically does not charge any deposit fees or internal charges, you payment provider according to the residence might add on some fee, so make sure to verify it.

Device-free habits to increase your productivity and happiness.

LimeFx runs its own LimeFx Academy designed to support and educate traders from all over the world. Thre are free and simple to use apps suitable for iPhone and Android devices, supporting MT5 and MT4 versions as well, so you can remain updated about trading on the go. Apps are highly regarded and well developed, so you can apply full customization on your phone, as well as check account status, request withdrawals and see fee reports, all from your mobile. You can access both via Web Trading or on other versions more suitable for your need, which is free from download or installation platform accessible via the browser.

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This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. I have not received my withdrawal from last 40 days..worst broker..they don’t allow your bullshit answer when you talk on support..worst support.. Leverage levels always depending on the instrument you trade, as well defined by the regulatory restrictions and your personal level of proficiency. Overall, we consider LimeFx a safe broker to trade with, though with some misgivings. Its retreat from the EU/UK market due to tougher regulation is a concern, but it is regulated in multiple regions.

A powerful tool provided by Trading Central, a global leader in financial research, WebTV is your gateway to the most up-to-date market information. You can observe multiple currencies simultaneously using the Economic Calendar. If the upcoming news and events are going to trigger higher margin requirements, they will be marked with ‘flame’ icons to alert traders. Strategy providers are free to set their own commission rate at anywhere between 0% and 50%.

What really makes the broker stand out from the crowd is its tight spreads, instant withdrawal and low initial deposit requirement. Since LimeFx is a market maker, it provides one of the tightest spreads amongst global brokers, even when the markets are being impacted by fundamentals. Lastly, the Professional ECN account features raw spread plus the commission per trade making it a good option for experienced traers. See some of the examples below for a better understanding of LimeFx costs and comparison with other brokers, as well compare fees to another broker FBS. LimeFx is a Forex Broker brand name of the global brokerage firm that delivers its services through three main offices in Seychelles, BVI and South Africa.

Extensive Review

The LimeFx Group is a global multi-asset broker headquartered in Cyprus. It offers its traders exposure to a wide range of financial instruments, including forex, cryptocurrencies, metals, indices, energies and stocks. The broker gives its customers access to the leading trading platform MetaTrader 5 (MT5) to support its trading services. Together with its excellent executions and tight spreads, LimeFx’ worldwide success comes as no surprise. LimeFx boasts a dedicated customer support team available 24/7 to assist traders with any inquiries or technical issues.

  • I find that approach ideal, which allows LimeFx to focus on maintaining and improving its core trading environment while delivering value-added services via trusted third-party providers.
  • In addition, they offer calculators to help traders calculate trading costs and potential profits.
  • LimeFx forex prioritizes the security and protection of its clients’ funds.

By trading indices, you can speculate on an entire financial market without trading individual instruments. A reliable source of wealth during times of uncertainty, precious metals are always one of traders’ favourites. LimeFx’ transparency and licences are indicators of reliability and a safe and secure trading environment. It is recognised as one of the most trustworthy brokers in the trading industry. As a global broker, LimeFx’ services are available in numerous countries and regions across the globe. The company has established an extensive footprint in Asia over the years, with countries such as Thailand and Vietnam being its most important sources of customers.

Is LimeFx a good Forex broker?

Support is useless because they’ll just say its company policy and that they can’t help you. Not trustable at all, also they’re based off of Cyprus which is very fishy. Hope this can help others, do not make the decision to join them as you will end up regretting it, like many others. LimeFx is a multi-regulated broker, and account verification is mandatory.

You will only be able to trade Forex and metals with this account, and the MT5/LimeFx web trader trading platforms are not supported. LimeFx does not levy internal deposit or withdrawal fees and processes most withdrawal requests to e-wallets within seconds, but it may take up to 24 hours. Bank wires can take up to three business days, and credit/debit card withdrawals up to five days. The name on the payment processor and the LimeFx account must match, and if traders use multiple payment processors to deposit, they must withdraw in equal proportions.

LimeFx’ customer service operates around the clock, meaning there’s minimal trading downtime for users. Based on our Expert finds, LimeFx provides good trading conditions suitable for various traders including African clients and good service for Forex beginners. Also, changes in regulations and Broker licenses enlarging changes and differences traders may see on trading accounts, thats why better to verify whether this is suitable for you. LimeFx relies on Trading Central services and FXSreet for trading signals, market coverage, and economic news.

But now, people are relying more and more on online brokerage firms that provide various options for investors to buy and sell mutual funds, bonds, and equities. Online brokers have also allowed customers to keep an eye on the trades they are involved in. The multiple options available on the internet have given investors an edge to manage multiple positions at once. The online brokering system has opened the doors to the world of LimeFxs for people all over the world. LimeFx is a veteran in the industry, and as such, it’s clear the firm knows what it’s doing. Although we judge older brokers more harshly, it passes our test by every possible standard.

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