LimeFX Review 2022 Is Legit or Scam
Contents
Such distribution and inclusiveness are hallmarks of big companies and LimeFX is one of them. LimeFX is an established online trading broker founded by a group of traders in 2005. Since then they have grown to become one of the leading brokers across the globe with over 1 million accounts opened in more than 100 countries. They have ECN liquidity which ensures you get tight spreads and fast trade execution speeds. There are low commission fees across multiple instruments and markets including CFDs on Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals & Energies.
They always deducted the money almost instantly whenever I made a deposit, but when it came to making withdrawals, they put a chain on my neck. I have forfeited the money knowing full well that the name „LimeFX“ will always ring „SCAM“ in my ears. The funny thing is that most of the reviews on this site are by their employees. LimeFX offers a number of valuable trading tools that assist in increasing trading efficiency. These can also be used to aid in financial planning and market analysis. There are tools that can help you plan your trading, evaluate prospective profits/risks, and optimize your lot sizes by providing exact estimations of pip value, swaps, margin, and fees.
The Forex broker also features a cashback program that allows traders to get an additional refund for any kind of like loss-making. The cashback will be included in your Commission account that automatically opens without even doing https://limefx.name/ anything. All the traders of LimeFX can choose from a wide selection of payment options. They can deposit or withdraw through Credit/Debit Cards, Bank Wire Transfer, Neteller, SkrillMoneyBookers, WebMoney, SEPA, and Payza.
- This process can be completed within just a few minutes, and all that is required to get started is your verified email address and password.
- There are frequently updated market news and analysis on the LimeFX website, which can be used to help identify trading opportunities.
- Due to legal constraints, some LimeFX broker services and products described in this LimeFX review might not be accessible to users from specific countries.
- UK customers can select an account type and start trading with LimeFX platform’s available methods.
- LimeFX also provide mirror trading via the popular social trading website Myfxbook.com.
I’m lucky that I found out pretty quickly, if not then I may be in for a big surprise. They also claim to have good latency as well, but I find it pretty slow, there are even times when my order goted due to connections issue on their parts. They also have vast options for deposit and withdrawal as well. LimeFX is a brokerage company offering trading services for clients since 2003 with offices in Australia, Cyprus and United Kingdom. This is one of the reasons why LimeFX’s ECN account has become a trader favorite. The broker performs well as they give free VPS service supports by automated trading solutions.
One-Click Trading and Level2 Plugin
I have had a wonderful trading experience with them and now it is my main broker. The main reason is the Liquidity that it provides so that we can just focus on our trades without any major problems at all. The funny thing is that many of the positive reviews on this site are by LimeFX employees. They have very Good and International Support for Small traders like me. I am trading with LimeFX Markets from 2 years and 5 months and they offer me ECN trading with starting of just 100 US Dollars.
Degrees of liquidity, depth-of-market statistics, order flow are examples of data that is streamed directly from market servers. The act of doing commerce is the subject of trade-related information. The FIX protocol is used to convey data between order input, confirmation, and execution processes. Post-trade data is used to help with the recording, processing, and transfer of financial assets in market-based trades. UK customers can select an account type and start trading with LimeFX platform’s available methods.
In collaboration with FX Instructor LimeFX also offers educational lessons on FX trading. The membership at FX Instructor costs 25 $ / month and is optional. As well, LimeFX does not provide advanced educational materials with Webinars or Seminars, yet technical analysis, News feed and other research tools are in the package. Besides, comprehensive LimeFX opportunities either through their own trading strategy or by following of PAMM account may be interesting for both beginning and professional traders. LimeFX minimum deposits is 1$ for Micro Account, which is indeed fantastic for the traders of any size and experience level. Crypto trading available through 24 currency pairs BTC, LTC, NMC, PPC, ETH, DASH, EMC, with commissions of transaction volume 0.25% through the first deposit of 10$.
Fees
LimeFX is a dynamic broker which never stops growing and developing as a company. LimeFX began operating as the educational center on technical analysis in Egypt back in 2013. Not long time has passed after in 2015, the company shifted to operating as a brokerage firm. LimeFX is a brand that unites several brokerage firms located in different regions worldwide. The company holds two regulations from the high authorities in the United Kingdom and Australia.
One of the most important is understanding risk management and how it applies to forex trading. MetaQuotes’ MetaTrader 4 trading platform was released in 2005. MetaTrader 4 may be used to trade a variety of markets via CFDs, including indices, forex, commodities, and commodities, but it is most usually linked with FX trading. The fact that MT4 can be tailored to your own trading preferences has made it immensely popular. It is also used to manage your trading by utilizing algorithms that make and terminate deals on your behalf based on a set of predetermined parameters. All current online browsers and software platforms, such as Mac OS and Linux are supported by MetaTrader 4 Web Trader.
In this case, you have to make sure that your strategy is well suited for the instrument you chose. Besides lots of currency pair, LimeFX also offers some instruments you would like to trade on, such as Cryptocurrencies for your best choice. Besides lots of currency pair, LimeFX also offers some instruments you would like to trade on, such as Forex and Gold & silver for your best choice. Education resources on a trading platform can be a great help for new users. LimeFX offers an economic calendar, market news, articles about different topics on trading, and more. The economic calendar for the fx and stock markets is a list of major economic events and major announcements throughout trading sessions.
Once you open the LimeFX website, you will find that it is regulated by the Financial Conduct Authority FCA. You can start trading right away after signing up on the platform. Trading sites are the most common form of traditional stock exchanges. A trading site is a marketplace where buyers and sellers trade securities, commodities, and other financial instruments. Trading sites play a crucial role in the world of finance as they provide liquidity to those who need it most. Trading sites facilitate people to trade equities, bonds, and other assets with one another.
MetaTrader 5 Platform
Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends. This article will cover extensive details on the LimeFX review.
Few brokers are unaware of crypto accounts, social trading, minimum deposits, very tight spreads and active account. Only risk capital is meant to be closed if you are going for high risk LimeFXs. Before joining a trading site, it is necessary to know more than just a demo account. Risk is a major concern that stops many people from trying out trading platforms. LimeFX is an online trading platform where you can trade forex, shares, commodities, indices, cryptocurrencies etc. You will find different trading accounts along with various financial markets on LimeFX markets limited.
In order to be sure that LimeFX is not a scam, read our trader reviews and check other popular trading related websites and forums. The rewarding programs of the brokerage firm LimeFX contain three various promotions including cashback, bonuses, and trading contests. Each of these comes with generous rewards and a set of conditions and rules that are applicable to participating traders. This2022 Forex Broker Reviewhas been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers.
LimeFX UK – still open to me
Moreso, the money had been deducted from my min account wallet. LimeFX is definitely not legit and I wouldnt recommend them to anybody. The annoying thing is that this is the same limefx company reviews Card I used to make numerous deposits into my LimeFX acct. Not to talk of the rigorous process of so called “verification” they put me through just to effect the 80usd withdrawal.
For increased speed the VPS is cross-connected to the LimeFX servers. If a VPS is important for your trading, you can get access to a free VPS from other brokers, including Switch Markets. LimeFX also provide mirror trading via the popular social trading website Myfxbook.com. You can set your account to automatically copy the trading signals of other traders listed on Myfxbook. When a trade is placed on the providers account, the MT4 terminal will send a signal to your account to duplicate the trade. Charts across all markets can be displayed in multiple timeframe as bars, candles or lines.
The STP account is a type of account that allows a person to set up an unlimited number of sub-accounts, where the funds in one account can be transferred to another account. The benefits of using this type of account are usually two-fold. 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.
- The customer service department of the broker is open for 24/5 from 7 to 16 GMT.
- Both of these services allow anyone to copy the transactions of experienced traders.
- This plugin allows you to quickly place trades at the best price with a single click.
No, LimeFX is not a scam, it is regulated broker by top-tier authotiry like FCA and is considered low-risk broker for Forex and CFD trading. CFDs are complex instruments and come with a high risk of losing your money. Thanks for taking the time to leave a review and for sharing your positive experience of LimeFX. I just wanted to Invest in PAMM or MAM account not free trade. Opening account was a bit better than some other sites I looked at.
LimeFX auto trading
The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the LimeFXpanies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff. Furthermore, we have to mention in our review of LimeFX Forex broker that the firm incorporates Cashback Program. The program allows traders to get additional refunds on loss-making trades.