LimeFx Review 2023 Is Legit or Scam

LimeFx broker reviews
LimeFx broker reviews

Both HYCM and LimeFx offer MetaTrader 4 .Copy trading is not offered by either broker. LimeFx is an international broker that has been in operation for a very long time. It is lime fx regulated by the ASIC and FCA which ensures a number of stringent requirements. The MT4 platforms provided are standard and very sufficient to meet the needs of most traders.

The trading conditions with LimeFx are good and it is one of the top Foreign Exchange brokers today. Most of my trades are done in the Gold and Oil in the ECN Trading account. My trading with them is profitable as the orders get executed very fast and thus the change in the rates gives me profits and i am able to close them without any requotes. I will highly trust this Broker for my trading needs as they pay our money on time.

Deposits and withdrawals are processed fast, better than average for the industry. We tested support with a wide range of questions, covering subjects like processing times for the withdrawal of funds and the order execution model used. We made a high volume of customer service inquiries and judged that LimeFx has reliable customer service, better than average for the industry. The MT4 and MT5 trading platforms, including mobile versions and webtrader versions, are available only as the most basic versions. LimeFx developed the One-Click Trading and Level2 plugin, which enhances order placement.

The first is the ability to generate interest on your money without being limited by your time frame for investing or withdrawing funds. The second benefit is the ability to have more control over your LimeFxs because you can decide how much money goes into each sub-account and what percentage it gets. Trading financial https://limefx.club/ products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs. These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved.

The One-Click Trading and Level2 plugin displays five levels of market depth. The Financial Commission, based in Hong Kong, provides primary oversight. Equity or stock indices are actual stock market indexes that measure the value of a specific section of a stock market. They can represent a specific set of the largest companies of a nation or they can represent a specific stock market. LimeFx’s PAMM account rating will help you review the effectiveness of the PAMM Master’s work and select the best account to invest in. Moreover, since 1 August 2018 The European Securities and Markets Authority has placed investor protection measures on the marketing, distribution, or sale of CFDs to retail clients.

Trader’s Tools

LimeFx developed an ECN bridge for the MT4 trading platform in 2009, becoming the first Forex broker to do so. It offers traders access to institutional liquidity and remains a primary asset of this broker. The One-Click Trading and Level2 plugin complements the ECN capabilities.

  • A stock is a security that represents partial ownership of a corporation.
  • It can be done through different markets, but they are all interconnected in some way.
  • They are equipped with innovative technology and high-quality analysis tools to satisfy the more experienced traders demands.
  • You can also correct past mistakes to reduce the loss percentage.

As the name suggests, LimeFx still mainly operates as a forex broker. This is still its main focus today, with many currency pairs being tradable, even pairs that include the likes of Bitcoin. While the amount of tradable currency pairs is not as large in comparison with many of its competitors, it is still a good spread.

MT4 platform

As with currency exchange markets, commodity markets offer different LimeFx opportunities for traders. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of inflation or economic uncertainty. Due to LimeFx’s execution technology, variable spreads which are defined by the trading account and instrument you choose, are on offer. If you trade through an ECN account, spreads are floating and starting from 0 pips, while STP execution spreads are slightly different. Commissions are the charges imposed by an LimeFx broker on a trader for making trades on the trader’s behalf.

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Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money. For UK customers, the likes of Skrill is an option in this regard. There is a minimum deposit of £1 and the funds will process instantly. There are a few different e-wallet options, mainly Skrill and Neteller. Finally, there are some prepaid card options that can also be used.

Swap Fees

This is a brand-new trading platform that allows clients to trade five asset classes — forex, stocks, commodities, indices, and cryptocurrencies — using one trading account. It facilitates both margin trading and deliverable trading, which is achieved either directly through the platform or via a FIX, REST, or WebSocket API. The minimum deposit is only $10, which offers a Maximum balance and Maximum transaction size without limitation. LimeFx offers 50+ FX currencies, 40+ cryptocurrencies and 15+ CFD’s with transparent trading conditions. Here we discuss and breakdown all features, benefits, liabilities, advantages, and disadvantages. This LimeFx broker reviews will help you to understand all things and stay with a good broker.

LimeFx’s trading fees include spreads, commissions, swap charges, and inactivity fees. There are no commission charges on the Micro and STP accounts, but the ECN account charges at least $1.5 per lot per side, while the crypto account charges 0.5% per side. LimeFx provides traders with the MetaTrader 4 platform, which is seen as the industry standard.

The range of options you have does vary somewhat depending on the type of account you have signed up for. You have access to the likes of common CFDs that track the price movements of market indices, crude oil and stocks. Whether you are an experienced institutional trader or just starting forex trading, it is important to understand how to open an LimeFx account. Opening an LimeFx account is easy, and you can complete the process in just a few simple steps. Gather all your information, such as your name, address and bank account details.

LimeFx broker reviews

A good reputation encourages traders to trade on the platform happily. There are more than 200 markets for you to invest in and study. You can certainly trade your minimum deposit to lower the risk of your loss in the early stages of your trading career. There are hardly any company disadvantages mentioned in the LimeFx review. There are almost no technical support defaults as per user reviews. There has been good response about Arab technical support and other customer services.

LimeFx Customer Reviews

I found this useful especially if you wish to keep expert advisors running and want to access your MT4 platform remotely from anywhere in the world with an internet connection. I have my own VPS that cost around $30 per month and is great for remotely running trading robots on multiple platforms at the same time. You can use the commission calculator to get instant commission calculations per half-turn or per round-turn for any FX currency pair or metal. You can specify the lot size you want to work out the commission for and click individual currency pairs for the detailed formulas behind the calculations. LimeFx AU is regulated by the Australian Securities and LimeFxs Commission .

Just watch the market well and when the trend stabilizes and analyze the market well, then you can make the decision to open deals. LimeFx Broker has the Best Trading conditions that it gave me and this is why i choose to trade with them. As far as the spread is concerned, I’ve found the spread on different pairs is very small, which is a good thing for this company. There’s been talk a lot about the credibility of that company see you my personal experience with them to know that.

LimeFx might charge a rate of 0.005%, 0.0025%, or 0.0018% depending on the customer’s balance thresholds but no less than 0.005% when trading commodity CFDs. Evaluation CriteriaWe all know that brokers play a vital role in asset trading. Selecting a broker can make or break your trading chances in the global market. Therefore, evaluating a broker through limefx scammers various lenses before settling on one is important. Through this evaluation process, you’ll be able to decide which one meets the standards you’re looking for. The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.

LimeFx is very Good and Reliable Forex Broker which offers True ECN Trading Technology. Due to this Advanced ECN Trading technology that this Broker offer me i am making a good income from my trading. Since they have Inter Bank Liquidity i am able to execute my trades at the prices i want. I placed a withdraw request of 1200USD using Web Money and it was done in under 2 hrs which allowed me to get the money in cash in my place in local Bank account. LimeFx is a Reliable ECN Broker which allows me to do my trades with Profits.

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This includes 2.29% on credit and debit card deposits, and 3.5% + 3.50 USD on withdrawals. As stated, the broker offers service to most countries around the world, and currently features live traders from more than 100 nations. The only notable exception, as with most all brokers, is that residents of the United States are not allowed to trade. The minimum deposit required by LimeFx varies depending upon the account type you choose. They feature a 1 USD minimum deposit for opening a Micro Account. When it comes to the STP and Crypto accounts, the minimum deposit requirement is 10 USD, and finally for the ECN Account, a 100 USD minimum deposit is needed.

It also offers many features like copy trading and social trading, making it easy for novice traders to start Forex trading. MetaTrader 4 has been one of the most common trading platforms since 2005 and is well known for being user-friendly and fully loaded with lots of indicators and tools for complex market analysis. Data suggests that most forex brokers use MetaTrader 4 which accounts for a large majority of all retail forex transactions. LimeFx was one of the first brokers to use the MetaTrader 4 platform to provide direct access to interbank liquidity and ECN trading to their users way back in 2009.

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