LimeFx Review Is it a Scam or Legit Broker
Performing your due diligence and researching the trustworthiness of LimeFx, its track record, and reputation is vital. Moreover, ensure the LimeFx broker’s offerings, trading tools, fees, and regulation align with your preferences. Visit LimeFx offers retail trading on a choice of top trading platforms. LimeFx offers retail trading on a choice of top trading platforms. LimeFx offers the Share4you service, where leaders provide trading signals to followers who want to copy their trades.
This LimeFx review breaks down each of the applicable non-trading charges for you in detail. At the time of writing this LimeFx review, and despite LimeFx’s impressive offering, the company has surprisingly not garnered any awards to date. We recognize that well-informed decisions with LimeFx are the cornerstone of successful trading. As such, we’ve provided this comprehensive LimeFx review. So, settle in, grab a cup of coffee, and immerse yourself in learning about LimeFx and how it can work to your advantage, or if LimeFx might not be the right fit for you.
LimeFx offers a range of commission-free and commission-based account types. Cent and Classic accounts are commission-free but have larger spreads whereas Cent NDD and Pro STP are commission-based and have much smaller spreads. This is on top of the additional features limefx forex broker found in the MetaTrader Market place which can be accessed from the MT4 platform such as programming services for auto trading. MetaTrader 4 also known as MT4 is one of the top trading platforms on the planet and has been in active use on financial markets since 2005.
Within this review, we have attempted to collate some of the vital aspects of LimeFx. This guide will help you to learn whether LimeFx is a good fit for your LimeFxs or not. We’ve tried to breakdown all the qualities and charges for your advantage. LimeFx is a world class trading partner that was founded in 2020.
LimeFx vs Other Brokers
Withdrawals can be made from the client portal via payments methods such as Debit/Credit card and e-Wallets such as Neteller, Skrill and Webmoney, as well as Fasapay, Nganluong, Netbanking and QR. Funds can be deposited via payments methods such as Debit/Credit card and e-Wallets such as Neteller, Skrill and Webmoney, as well as Fasapay, Nganluong, Netbanking and QR. The education material available is both vast and informative with https://limefx.biz/ videos and articles suitable for beginner and advanced traders. The content is regularly updated, and clients also have the choice of attending in-person seminars across LimeFx’s various partners and country offices around the world. Clients can access News, Trading Central and AutoChartist services via the client portal whereas the Economic Calendar and WebTV can be accessed via the Education section of the broker’s website.
Bitcoins available for trading on real accounts Dear clients, Today we are launching trading cryptocurrency on real accounts for our clients. Now every LimeFx client will be able to trade on world most popular cryptocurrency – Bitcoins. Withdrawals and deposits are very simple and you can use the various compatible fund transfer channels that have been approved. These channels are like credit cards, wire transfer, electronic transfer, and e-wallet channels. The transactions are quick and the maximum it takes is for bank transfers which can take up to three days.
Along with everything, LimeFx has multiple benefits to new and verteran traders and should be investigated. There’s no minimum time over which a transaction has to be kept available. The brokers provide premium client service which rewards customers with benefits. 79% of retail investor accounts lose money when trading CFDs with this provider. LimeFx, on the other hand, provides a free demo account that you may utilize to experiment and familiarize yourself with their platform.
- Please keep in mind, that order’s execution is performed on server side, and then result of this action displays in trading terminal.
- They require clients to comply with anti-money laundering and anti-terrorism financing laws.
- The Financial Services Commission of the British Virgin Islands regulates E-Global Trade & Finance Group, Inc., the owner of LimeFx.
- Skrill also allows cross-border transactions via its remittance service Skrill Money Transfer.
Trading in this type of account is virtual in that the conditions are real but the funds are virtual. Payoneer, an American financial services company, offers online money transfer and digital payment services. The broker offers a Demo account, which presents a great opportunity to traders to get a feel of the setup and platform, without risking any real money.
Commission And Fees Explained
Besides online banking, wire transfer is an opportunity also, though it takes approximately 4-7 days. There are a number of methods to fund your account with LimeFx. The process is effortless and quick, with various payment methods in your fingertips. The reason that LimeFx asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, LimeFx has to be careful that they don’t breach any money laundering laws and part of that is know as KYC .
A quick execution will allow users to exchange without worrying about slippage safely. Of course, there is no sure-fire way to guarantee profits; thus, you should carefully assess your broker before you choose them. It is a common misconception that all agents are exactly the same, but that’s not true.
Typically, it’s not compulsory for brokers under this jurisdiction to segregate client funds. Nonetheless, LimeFx does claim to hold client funds in a segregated account and also claims to undertake annual audits by a Big Four accounting firm. Traders must provide their name, e-mail, phone number, and a desired password.
© 2023 Trading.biz – Cryptocurrency, ICO, OTN, digital options, CFD, ETF and forex, broker rating, trading platform reviews, and useful information on how to become a successful trader. The Classic Pro Account gives you complete freedom and LimeFx spreads as low as 0.1 pips. It also offers level 2 quotes, hedging, market execution, and no requotes. You get access to more than 120 instruments, with 500 as your maximum lot. This website includes information about cryptocurrencies, contracts for difference and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money.
Compare Trading Instruments
The classic fixed account suits advanced traders and other individuals who like to trade without assistance. You can also use this account if you wish to excel as a Share4you leader. The cent fixed account is a special account that allows you to trade in cents, which makes it very cost-effective. You can test your new indicators, new strategies, and new advisors with this account while only risking small amounts. The Big Four accounting firm audits LimeFx’s accounts every year.
They are making losses to the venders and they don’t want to send money to their customers. Don’t be fooled by investing money in these companies and doing business. Education is where LimeFx delivers a competitive product.
This LimeFx review has been updated for 2023 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about LimeFx to give you the most comprehensive guide available. The broker offers access to more than 150 tradable currency pairs. The LimeFx desktop trader is an interesting addition, since it seems to be competing directly with MT4 for the attention of the broker’s clients. In regards to real money accounts, there are no fewer than 5 options on the table. With more than 11 years’ experience under its belt, LimeFx supports some 8 different languages and 10 secure payment methods.
New traders have an in-depth trading school, broken down into four sections, consisting of 59 quality lessons. It is one of the most comprehensive ones available and is free of charge. Complementing the school are 17 video tutorials and 21 additional articles. The overall educational value provided by LimeFx represents one of the most significant asset this broker offers to clients and sets it above the competition. Technical support in LimeFx is slow and often misleading. During high activity, orders open perfectly and do not close (waiting for a response from the server, as a result, a wild slippage and you’re in the wild minus).
What Can You Trade With LimeFx in 2023?
In order to be sure that LimeFx is not a scam, read our trader reviews and check other popular trading related websites and forums. First of all, the client’s fund is protected under the regulation of Financial Services Commission and segregated & separated from company’s operating fund. Besides, funds are also kept in different banks simultaneously to decrease risk. Finally, clients can use trading tools by themselves to maximize the profit & limit the losses. The Share4you copy trading system is a unique feature at LimeFx.
LimeFx has also a wide range of other payment methods available to clients in different countries. The broker offers a variety of fee-free deposit methods including Debit/Credit Card and e-Wallets such as Neteller, Skrill and Webmoney. Other deposit methods do include fees, and withdrawal fees do apply for some of these payment methods. A free demo account is offered for traders who want to test drive the platforms, compare the different execution modes and test strategies, all within real market conditions. Only virtual money is used, meaning you can place simulated trades without risking real capital. Like other brokers, LimeFx also has some bonuses for its traders.
These partners do not control the content on the page beyond providing us with datapoints to ensure that the information in our database is accurate. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to our users. Our proprietary rating algorithm takes all of the datapoints to generate the rating.
Offers Demo Account
The research tools offer traders another competitive advantage, with sources from FXStreet, DowJones, Trading Central and Autochartist. Traders may choose between the MT4 trading platform and the proprietary LimeFx trading platform. The generous bonuses add appeal, and the in-house-developed Share4you copy trading system attracted over 1,000 signal providers.