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LimeFX Review Is LimeFX a Scam or Legit ️

Jan 12, 2021 | Forex Trading

LimeFX is fair, transparent, and a well-regulated broker by the Cyprus Securities and Exchange Commission , Australian Securities and LimeFX Commission . Their outstanding array of resources will be beneficial for most traders. Our entire LimeFX review for beginners covers everything you will need to learn about trading via LimeFX. A fantastic broker can take your first LimeFXs and help to protect it from losses but also provide you a platform that can help to provide you favourable profits. If you want to earn profits, you must trade with a brokerage service that contrasts with your LimeFX goals. Beyond a watch list , news, charts, sentiment indicator, and a few other tools, the LimeFX trading platform is otherwise light.

The website itself is littered with different tabs and menus. There are seven tabs, each opening up a menu that may consist of several more tabs. The staff helps people with the technical issues as well as patiently directs their verification process and diligently answers the questions.

LimeFX broker reviews

LimeFX is one of the few brokers who promise to have no requotes, so you won’t have to worry about slippage . Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in the use of our website. LimeFX is operating though few regulated entities in its established jurisdiction and is not a scam. For Cons, there is no 24/7 support and instruments are limited to Forex and CFDs.

LimeFX Platform & Tools

The broker does not offer an ECN account, which means that there are no commissions. However, all trades will have a SWAP fee if these deals are held overnight. Furthermore, there are additional trading costs if you are using the proprietary LimeFX trading platform. These LimeFX fees include dealCancellation, Freeze Rate, and easyTrade costs, which are added beyond the market spreads. The dealCancellation cost is particularly specified at the time of opening a trade, while the Freeze Rate and easyTrade costs are incorporated into the pricing of an asset.

  • This is another area in which they really excel from my point of view.
  • This platform allows traders to use advanced trading knowledge to customize their terminals and display multiple live charts while using technical indicator overlays.
  • LimeFX does not charge a commission but is compensated through spreads.
  • I found the educational content to be basic although the content related to the brokers unique tools was very helpful.
  • Since I’m a new user at LimeFX.com the most I liked – is a very fast support.

Traders can contact LimeFX customer service for more information by phone, fax, email, live chat, or directly through the company’s worldwide offices. Skrill also allows cross-border transactions through its remittance service Skrill Money Transfer. The service enables customers to send money to a bank account in another limefx broker reviews country by using their credit card. In 2015, Skrill became part of the Paysafe Group along with former competitors Neteller and the prepaid payment company paysafecard. Yes, trading through LimeFX is a pleasant and good experience indeed. It is an excellent and intuitive platform with helpful features for your ease.

LimeFX web platform

The upper menu of the screen contains the available balance, the amount at risk, profit/loss statistics, and the CFD margin level. A “Deposit Funds” button is located on the right of these statistics. LimeFX processes all withdrawal requests within a day of receiving them. However, depending on the destination of the withdrawal, it may take between 3 to 10 business days for funds to arrive.

The trading costs in terms of spreads are quite expensive when compared with other brokers of a similar stature. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. Very High Spreads – The spreads of this broker are far too high- there are many other brokers to choose from that are offering much better choices. Thank you for reaching out to us, as feedback helps us enhance our client’s trading experience with us.

  • Also, there are no commissions and only $25 is required to open an account.
  • Overall average email support from LimeFX was satisfactory.
  • You will not have to bear any hidden costs or be a victim to any scams.
  • Most agents do not charge too much money for this particular operation.

Please be aware that this might heavily reduce the functionality and appearance of our site. When the trader’s instrument’s price reaches the level set, a buy order will be performed, and this is called ‘Buy Limit’. It is used when the price is falling, and it is assumed that it will reach a price and increase. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker.

On the flip side, a spread refers to the difference between the buying and selling price. Funding or overnight prices are those who are billed when you maintain a leveraged position for more than daily. Download the LimeFX MetaTrader 4 Program free of charge from Apple’s App Store. LimeFX customers have instant access to the Financial markets, with the ability to completely manage a Portfolio on the go. LimeFX, as a business, has a strong collection of rules for ensuring honest trading on its platform. For data encryption purposes, it provides an industry-standard secure socket layer .

LimeFX Review – Is it a Scam or Legit Broker (

Going deeper into LimeFX technology, the designed Market Explorer gives deep market insight, showing the real-time rates of 200+ instruments available to trade. The customer service team is also available in six different languages, so it is easy to find the best support through the online chat system. Access to a proprietary LimeFX trading platform and the MT4 terminal. I have been with this broker for 2 years and they seem to be reputable and friendly. But don’t be fooled by their popularity or friendly image on Facebook.

Since they were founded in 2001 and rebranded in 2016 from easy-forex to LimeFX, their philosophy has been to provide easy, transparent, accessible and friendly trading services to all traders. MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. With 256 symbols to trade, including over-the-counter FX options and forwards on 28 pairs, LimeFX offers a light multi-asset brokerage solution. Tradeable assets aside, LimeFX does provide its proprietary trading platform, alongside MT4, which helps it stand out from other MT4-only brokers.

  • Wonderful broker, there customer service, deposit , Withdrawal, trading platform like mt4 and mt5, little brokerage, this is a great broker, they are fully regulated I love it.
  • LimeFX offers all non-European traders a range of bonuses and promotions as their way of saying ‘thank you’ for choosing them.
  • Then, he either clicks up or down in the direction he thinks that the price will go.
  • If you want to further protect your accounts, you can enable Two-Step Verification as well.

The minimum deposit required by the VIP account is $2,500, although it is the best option for professional or highly experienced traders. CFDs are complex instruments and come with a high risk of losing money rapidly due https://limefx.name/ to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

The bonus amount is percentage based and linked to the client’s first deposit. To claim the bonus, the client shall contact their relationship manager and quote ‘First Deposit’ bonus. The price depends on the transaction you make, such as high volatility transactions or popular transactions, which are more expensive but still are much cheaper than losing all your money. I am happy with its risk management function called dealCancellation. So once it gets activated, you’d better use it because it is cheap and can save you a lot of money.

Trading Education Available At LimeFX

The LimeFX forex spreads are a bit expensive, but the fees for the company’s proprietary tools such as dealCancellation, Freeze Rate, and easyTrade are extremely competitive. The remainder of the account registration process can be completed through the LimeFX app. You can update your profile, upload documents, and deposit funds via the app, but make sure that all the information you enter is accurate. If possible, keep your identification documents available while completing your profile, as these documents will have to be uploaded to the broker for trader verification. You will be asked to upload all verification documents before you are allowed to deposit funds and place your first trade, which is a good initiative by the broker to prevent broker-trader conflicts.

LimeFX broker reviews

We have conducted an extensive fundamental and technical analysis to identify the best technology companies in Kenya. We have conducted extensive fundamental and technical analysis to identify the best value stocks in Kenya. The account holder will be required to confirm that they wish to trade on the LimeFX Demo account by clicking continue. The account holder can now click on the menu, located at the top right corner of the user interface. This will open a drop-down menu, where – at the bottom, Demo can be selected.

The broker does not directly host the MT4 app, but it is available for download from the official publisher, MetaQuotes. The broker will send you the login parameters, and you can use the MT4 app with an LimeFX account, just as you would with any other broker. Another feature offered in the Web/App LimeFX trading platform is the Freeze Rate functionality. It is essentially a pause button to help you decide between buying and selling an instrument at the desired price level. The web platform is a responsive interface that works well with desktop, tablet, and smartphone devices.

Nevertheless, the utility aspect and the unique list of features make the web-based LimeFX app one of the best trading interfaces. You can easily check whether you are eligible for signing up by visiting the official website or contacting the broker’s customer support department. You should click the “Sign Up” link or the “Start Trading Today” link on either the desktop or mobile version of the website for account registration. A popup window asks you for your e-mail address and phone number, and you will also be asked to create a password. By clicking on the “Submit” button, another window pops up and asks you to confirm your country of residence, after which you will be taken to the web-based LimeFX app. Their registration process is quick and simple, and it’s easy to deposit funds.