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LimeFx Review Is it a Scam or Legit Broker 2023

LimeFx scam
LimeFx scam

LimeFx offer a range of convenient and user-friendly deposit and withdrawal options. I have reached out to them many times over the years and always received a prompt response. This is important because you don’t want to hang around for days to get a response especially when the markets are moving fast and you have time sensitive questions to put forward. It would be good if they could extend support to weekends just like LimeFx who have 24/7 support in comparison.

The monthly trade reports can reflect significant profits when the trader applies this analysis when trading. LimeFx clients get access to the cTrader FIX API, which runs a portfolio analysis. This offering limefx broker reviews serves as a reliable tool for analyzing trading activities and diversifying the portfolio. The MetaTrader 4 and MetaTrader 5 platforms have their respective trading mobile apps for Android and iOS devices.

MT4/5 and cTrader provide few research features but the Smart Tools add-on for MT4 partially remedies this deficit. Additional research with “more insights and analysis” is available for active traders and high-volume traders. The technical analysis charts can be expanded to full screen and come with more than 70 technical indicators that you can apply over many different time frames, from tick charts to monthly charts. For example, the broker advertises that the average spread for EUR/USD on Razor is 0.13 pips and a commission will be added on to that. The average spread for the Standard account is 1.13 pips, all in. The average spread cost with an MT5 Razor account for a completed (buy & sell) €100,000 trade, where the base currency is euro, would be 0.13 pips + €5.23 commission.

CTrader is a third-party trading platform that is designed to meet the standards of an institutional trading environment. It is replete with powerful trading functionalities, including fast entry and execution, trade automation, strategy back testing, and more. The platform is designed with a fully customisable user interface to meet the trading needs of all types of traders.

LimeFx Review – Customer Service

In online trading, first, you need to decide on which market do you wish to trade on. Once you select an asset that you want to analyze, you can go ahead and open the order mask and customize your position. Afterward, you have to https://limefx.vip/ choose the order volume and then you can either buy or sell the asset. Knowing the movements of the market is very important in trading online.Your steps to a better result depending on the trend and volatility of the market.

RBI Alert List 2023 (Updated): Full list of unauthorised forex apps and websites banned by Reserve Bank of India – The Financial Express

RBI Alert List 2023 (Updated): Full list of unauthorised forex apps and websites banned by Reserve Bank of India.

Posted: Fri, 10 Feb 2023 08:00:00 GMT [source]

All mobile versions are useful but limited in functionality, which is expected, but some customers may wish for more sophisticated feature sets. As is the norm in the FX industry, clients will be charged swap fees on positions that they hold overnight. LimeFx advertises that its “overnight rates are set at the benchmark regional interest rates for the underlying product, plus our fixed charge of 2.5%,” which is applied directly to the client’s account. LimeFx does not offer guaranteed stop loss orders, and negative balance protection is available only for U.K./E.U. However, because the broker is regulated by the ASIC and FCA, there is a high chance that it is not a scam. With that being said, it still does not mean that LimeFx is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions.

The platforms offer an economic market calendar that blends in with the trading portfolio of LimeFx’s traders. A full-screen technical analysis chart developed by the platforms provides information from more than 70 indicators. LimeFx caters to its traders by offering a wide range of platforms limefx and tools that support their trading activities. The technology suite provided by LimeFx helps them instrument their trades accurately. LimeFx is also one of the award-winning forex brokers Australia, recognized by brands such as Deloitte, LimeFx Trends, and Investopedia.

Fees and costs for LimeFx Trader

They enjoy an impeccable reputation online and we couldn’t find anything to worry about. As for the education and traders resources, you would find an Education and Analysis center developed by LimeFx, where trading videos, Webinars and numerous research tools available for all. The LimeFx minimum deposit amount is 200$ for any account type of your choice. In regards to the traders from Europe or those which account are registered with LimeFx UK, as the European ESMA regulation recently lowered the maximum allowed leverage with a security purpose.

I plan to trade using using Galileo, BOT and other trading capabilities. Highest swap charging account I have is LimeFx, Im waiting to close my trades and close my account. In addition, LimeFx addiing on licenses constanly alike in 2020 acquire CySEC license as well, so that the EU clients are fully covered under its legislation. It also, add on BaFIN license at the end of the month securing German markets likewise. LimeFx Overall Ranking is 9 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers. I’m Mark Watson, born and raised in Scranton, PA. I’ve been investing online ever since I started college at the University of Pennsylvania (go, Quakers!), where I was an undergraduate student of Economics.

They also offer cTrader, WebTrader and mobile trading apps for iPhone / Android for trading the markets from wherever and whenever you want, with reliable platforms and lightning-fast execution speeds. I have had an account with them for many years now and have been very happy with the trading conditions and support they have provided. They are great for day trading when you require low spreads and are one of my top choices for running automated strategies on the MetaTrader platforms. LimeFx offers LimeFx services for trading with Forex, CFDs , cryptocurrencies, and commodities.The company offers customers a range of market opportunities with 180+ instruments available to trade. Spreads are charged in the base currency that is being traded and commission is always charged in the same currency type the traders use in their account.

LimeFx is one of many brokers that offer MetaTrader 4 and one of the few that offers MetaTrader 5. You can view our MetaTrader 4 vs MetaTrader 5 comparison to see which of the two most popular forex platforms is more suitable for your scalping requirements. Finally, LimeFx has a number of useful online resources for those who want to learn more about the markets before trading. The full range of market analysis and education tools can be found on the LimeFx website. If you’re confident trading on margin, LimeFx offers the maximum amount of leverage permitted by regulators. All indices are spread only products meaning there are no commission costs.

  • The MetaTrader 4 and MetaTrader 5 platforms have their respective trading mobile apps for Android and iOS devices.
  • There are several forex broker comparison tables each feature on separate areas including leverage and FX platforms offered.
  • I know I might be sounding like a broken record but regulation and a long history in the business are paramount for a broker.
  • If LimeFx could explain me, or us, a little what is this about, please, maybe I’ll feel completely comfortable.
  • Add to that smart notifications to maximise opportunities and better manage risk, and much more.

For clients who were exposed through open positions, LimeFx’s systems liquidated these positions, thus helping them avoid their balance going into negative. LimeFx is regulated by 7 national authorities including top-tier regulators such as the FCA in the UK. At the same time, the company is not listed on any exchange, does not disclose financial information and does not have a bank parent. You can find trading ideas based on technical tools and read market reports written by LimeFx’s research team. MetaTrader Signalslets you access thousands of trading strategies and signals from other traders.

Cant withdraw BUT gladly accepted my deposit!!

Millions of people enter the trading landscape for high-value financial instruments such as CFDs on commodities, indices, and forex currency pairs. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any LimeFxs. Rates, terms, products and services on third-party websites are subject to change without notice.

Thanks for taking the time to leave your feedback, and we are sorry to hear you’ve had a bad experience with us. Stop – A pending order where the entry is at a predetermined point above or below the prevailing market rate depending on whether it’s a buy or sell. Limit – A pending order where the entry is at a predetermined point below or above the prevailing market rate depending on whether it’s a buy or sell.

LimeFx scam

In the future, we’d love to see LimeFx open forex trading to U.S. traders or potentially allow traders to directly purchase shares of stocks or funds without the use of a CFD. However, despite these limitations, LimeFx is an easy-to-use broker with a focus on reasonable pricing and responsive customer service. As technical analysis focuses on price trends over time there is a central focus on charting. LimeFx offers three types of charts including a line chart that connects one closing price to another. This helps identify the direction of the market over a given time.

One consideration when choosing this platform is that one cannot trade CFD stocks. These data centres are run by Equinix and are located at NY4 in New York and LD4 in London. Placing servers in the same data centre reduces latency as the distance data needs to travel between their servers and the liquidity providers servers are greatly reduced. If you are unsure which LimeFx account is best for you, our Razor vs Standard guide comparing the two accounts may help you decide.

Platforms

All trading styles, scalping, hedging, algorithmic trading, and news spike trading are supported by LimeFx. Listed LimeFx instruments include over 1200 CFD on Forex, Indices, Stocks, Commodities, ETFs, Cryptocurrencies, and Currency Indices. I’ve been trading with LimeFx for some time, maybe over a 1 year, and so far they’ve been a great broker in all matters.

Pepperston account holders get direct access to other traders in forex currency markets. For LimeFx, it varies based on the type of financial instrument being traded. To get access to the margin requirements, the platforms run a margin calculator service in its secure client area section for tools. The client area section also holds other trading tools that can process the trading costs with this broker. The company also provides funding options without any fees for its traders.

It is available as a desktop application for Windows and Mac computers, WebTrader, and a mobile trading app that is compatible with Android and iOS devices. The MetaTrader trading platform suite is the core component driving the success of LimeFx. The company offers a licensed use of MetaTrader 4, MetaTrader 5, and TradingView. These smart trader tools have extensive technical functionalities, and they also sync well with other platforms and third-party plugins. The MetaTrader suite of apps is best used to assist trade execution, conduct market research, and develop an in-depth market analysis. The trading platforms utilize automatic stop-out systems to eliminate negative balances, but the website admits that “losses may exceed your deposit amount” in volatile market conditions.

It also provides the cTrader platform to help its users stand out in the global arena of forex brokers. Thanks to LimeFx’s multiple liquidity providers from tier 1 banks and institutions, the broker offers competitive quotes with low spreads from 0.0 pips and deep liquidity on a wide range of instruments. This allows the broker to charge low trading costs and commission fees to all clients. It also ensures that you get your trades executed without delay at the best available prices on the market. Generally, I find LimeFx to have very competitive all-round costs, especially considering the excellent range of platforms and tools that you get free access to when you trade with them.

Kwakol Markets Review

Every trading account opened with LimeFx gets charged with swap fees on positions held by account holders overnight. The company advertises that these overnight rates are based on the benchmark regional interest rates. A daily pre-market forex report generated by LimeFx gets emailed to the clients at the beginning of every trading session. This personalized research service helps clients in capturing a wide array of trade opportunities.