LimeFx forex brokers reviews: LimeFx Review, Forex Broker&Trading Markets, Legit or a Scam-WikiFX Score:7 80

LimeFx forex brokers reviews
LimeFx forex brokers reviews

I have been sending e-mail messages to dear Rani about paying my money many times. Please pay my money as soon as possible, otherwise I will have to start a legal https://limefx.vip/ process. My primary broker sends my funds to my account even sometimes within the same day, but LimeFx, hell no, I promise that you wont get your money easy.

Is LimeFx broker regulated?

LimeFx Ltd is regulated as a Securities Dealer by the Seychelles Financial Services Authority (FSA). As such, our internal systems are in compliance with the FSA regulations, which means that your funds are held in segregated accounts to protect your assets.

LimeFx was launched in 2014, they are registered in the UK and are also regulated in multiple jurisdictions to provide financial services. LimeFx’s excellent trading conditions have also been recognized by multiple independent awards, rewarding the low spreads and commissions structure of the broker. Many points out that the cost value of the VIP and Pro accounts is favorable and very competitive with other platforms for active traders. However, their Classic welcome account could have a better fee structure, though it’s completely free to use.

Is this broker good for beginners?

LimeFx allows the usage of several strategies, which include scalping, hedging, arbitrage, and algorithmic strategies. It invites all traders who use any such trading style and technique to trade on their platform as per their trade requirements. The trading platform is a good broker that suits both the computer as well as mobile platforms that cover major platforms such as Windows, Mac, Web, Android, and iOS System. See how LimeFx compares to the leading forex brokers by reading one of the reviews below. There is no option to set alerts and notifications on the web trading platform.

LimeFx forex brokers reviews

Quality education and market research for beginners are available at both brokers, but LimeFx also provides generous bonuses and caters better to its limefx core market. This broker allows all trading strategies, including scalping. LimeFx should consider that an upgraded version would boost its appeal.

How long does LimeFx withdrawal take?

The following are the promotions currently being offered by LimeFx. Minimum deposit of 100 units of your respective base currency. Minimum of deposit of 100 units of your respective base currency. LimeFx is a global group of companies that trade in forex instruments of trade from indices, commodities, and shares among many more.

Is LimeFx a good forex broker?

LimeFx is considered trusted, with an overall Trust Score of 82 out of 99. LimeFx is not publicly traded and does not operate a bank. LimeFx is authorised by one tier-1 regulator (high trust), two tier-2 regulators (average trust), and zero tier-3 regulators (low trust).

It will be in the base currency of your wallet, and the processing time is within one working day. $100 is the minimum deposit for the Classic and Pro accounts, but if you want to use a VIP account you need to maintain a balance of $50,000 to use the VIP account. LimeFx’s MetaTrader 4 trading platform is empowered with news headlines, where you can see events relevant to your traded markets, and make your trading decision on the go. There are rollover charges imposed when the trading position is active overnight, and these charges depend on the difference between the interest rates of the traded currency pairs.

Trading ideas

The broker offers a range of trading services designed for all level traders with low initial deposit amounts. As one of the good advantages, LimeFx covers almost the globe, so traders from various countries can sign in, also with thelowest spreads. This broker’s demo account is accessible without ID verification and deposit. Traders can open one by visiting the LimeFx website and registering for a demo account. The process involves submitting personal details and specifying details such as the type of account, leverage, currency and amount of virtual money that a trader wants to use. LimeFx offers Autochartist for free to all live accounts and also the demo account on a delay of five candlesticks.

The final cornerstone of trading is client safety, and LimeFx gets that right also. This broker has partnered with Autochartist to offer free actionable trading signals. Autochartist is a top third-party online technical analysis tool that uses indicators such as Fibonacci retracements to identify chart patterns.

LimeFx Trading Platforms

No information or opinion contained on this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services. Past performance is no indication or guarantee of future performance. ForexFraud.com is an affiliate partner with various brokers and may be compensated for referred Traders. All reviews remain unbiased and objective and immediate action will be taken against any broker which is found to be in breach of regulation. These partnerships have proven to be great aids in the furthering communication between brokers and our visitors.

  • If you just want to trade forex with minimal fuss and in a regulated environment, they could be a great choice of broker.
  • This means your trades are automatically processed via Straight Through Processing .
  • The platform covers topics revolving around fundamental and technical analysis.
  • We value transparency and openness in the way we review the partners.
  • In comparison, the Pro accounts pricing is similar with an RT commission of only $4 per round-turn standard lot.

Note that you can only make a deposit or withdrawal after uploading documents for identity verification and proof of address. It takes about 24 working hours for the documents to be verified and your trading account approved. You can initiate deposits and withdrawals by logging into your account, and on the LimeFx client area or dashboard, click on deposit or withdrawal on the left side menu. As a broker founded in 2014 and regulated by five different jurisdictions, including the Financial Conduct Authority in the U.K., we know that LimeFx is doing something right. That’s why there are over 160,000 clients trading with the broker. The regulated entities of LimeFx Group hold the client funds in segregated bank accounts with top international banks.

LimeFx review – Regulations, Platforms, Instruments and User Ratings.

You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees. Another thing to keep in mind is that the currency of the base currency of your account plays a vital role in every withdrawal. For instance, when a user makes a withdrawal request from the client area, the withdrawal will be processed in the base currency of your account. The deposit and withdrawal can be made directly from the client area. The process of deposit and withdrawal, ranges from an instant to 24 hours depending on the method of deposit or withdrawal and the country of operation. The time taken for a bank transfer may differ from a transfer through other methods.

The trader with the most profit is given a prize of $1,000, and the names of the winners are announced and added to the website’s hall of fame every month. This is a competition among all the traders on LimeFx’s website, which awards the best-performing trader every month. The cash rebate amount varies between $0.25 and $0.75 depending on the traded lot.

LimeFx offers an Advanced Trading Toolkit to complement and enhance some features of the MetaTrader desktop platform. In design and functionality, the MetaTrader 4 desktop platform is almost the same as the web trading platform. You can’t set alerts and notifications on the LimeFx web trading platform. This feature is available only on the desktop trading platform. You can find assets grouped into various categories, but we missed the usual search function where you can type in the name of an asset manually. However, the platform feels outdated and some features are hard to find.

All of the three types of account are available in a swap-free format which is fully Sharia law-compliant. Those who want to set up such an account have to open a regular account, as described above, after which they have to request the conversion of this account into an Islamic one. The best way to find out more and explore the reasons for the firm’s popularity is to try out a risk-free LimeFxdemoaccount. LimeFx currently operates in more than 200 countries and has more than 350,000 registered customers and 2000 employees. Reports show that it has executed more than 385m trades and records monthly trading volumes well above $195bn.

LimeFx forex brokers reviews

There are no commissions for CFDs trading for major stock indices, futures, and bonds. Further, commissions for VIP and Pro accounts are highly affordable, assuming that limefx spreads for these accounts can start with as minimum as 0.0 pips. LimeFx’s fees overall are low, average and high based on which other broker they’re compared with.

What makes the broker forum of LimeFx better than other top forex brokers in the market is the low commission fees that the brokers charge for their services. The low commission fees help the users minimize the transaction cost irrespective of their trading strategy. LimeFx is currently focusing on the reduction of the swap rates to enable the users to keep the trading positions open for a long time without compromising on profitability. LimeFx offer a good selection of deposit and withdrawal methods including bank transfer, credit card and online payment processors. Withdrawals must be made via the same method used to deposit.

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You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. LimeFx supports deposit/withdrawal via bank transfers in the UK. LimeFx offers commission-free deposit and withdrawal options that can be performed on the broker’s trading platform. The minimum withdrawal amount for all payment methods is 25 USD. LimeFx also has a Zero Fee policy and will reimburse traders for any third-party fees charged up to 100 USD on deposits of over 5,000 USD.

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