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Is LimeFx a genuine trader or not?

LimeFx review
LimeFx review

Be aware leverage can amplify your losses or profits, be very careful to select the leverage that fits your trading appetite and risk tolerance. The minimum deposit according to an LimeFx rep is $20, but they recommend $100 across all types of account. It’s our pleasure to provide services to customers like you, and we’re glad that this commitment is reflected in your feedback. We’ll ensure to pass it on to our team as, undoubtedly, it will leave smiles on their faces. You can also reach out to us at for more information, and our team will be happy to assist you anytime and keep you up-to-date. LimeFx always complies with payment obligations, and we’re committed to resolving this unexpected inconvenience quickly.

LimeFx review

These banking options refer to both, depositing and withdrawal. Internal Transfer where no commission is charged and waiting time does not exceed two hours. A currency pair combines two different currencies, with the value of one currency quoted against the other. For example, EUR/USD, which reflects the value of the euro measured in dollars. MT4 also allows users the convenience of trading directly from the chart.

Assets & Leverage

Moreover, LimeFx now factors in all types of advanced traders and offers a variety of trading account types for their trading activity. Additionally, LimeFx is one of the most sought-after platforms due to its no commissions offer. LimeFx also has promising complex instruments, CFD tools that have high-scale competitive valuations, and insightful data for their users’ informed trades. LimeFx also has the DOW index tradable instruments on Metatrader 4 and MT5 trading platform.

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 offer premium client service which rewards clients with benefits. Plan your trades effectively with our wide range of free trading tools. Complete flexibility for traders of all risk appetites and trading volumes.

Can you make money on LimeFx?

It takes determination and hard work to establish yourself on the trading as a trader easy and there is no guarantee of profit in any situation. By following the above tips, you will be better able to approach the market in an organised, level-headed, and professional way and earn money online from your trades.

Since its establishment in 2014 they have emerged as a top player in the industry of online trading. LimeFx has a highly professional and full-featured trading site that is focused on forex, indices, metals, sharesand commodities. When engaging in online trading with platforms such as LimeFx, it’s crucial to carefully assess LimeFx as your broker, as this choice can significantly impact your success. Selecting the right broker is vital for your LimeFx LimeFxs to prosper. However, be cautious of fraudulent and untrustworthy brokers hiding in the shadows, ready to exploit naive traders.

How to open an LimeFx account – Step by Step Guide

LimeFx is fairly well established in relation to some of the other Forex brokers however they don’t hold any licensing and regulation from recognised sources like CySEC and the FCA. They do state that they act following international legislation and regulation standards. This doesn’t appear to have done them any harm, and they have over 100,000 traders with new members signing up regularly. They state that they are committed to providing good customer service, and there doesn’t seem to be any reason to believe that they aren’t a broker that you should trust. LimeFx or Octa Markets Inc. was established in 2011 in St. Vincent and the Grenadines. Since then, they have grown to provide their Forex trading services in over 100 countries worldwide and claim to offer the lowest spreads in the industry.

LimeFx review

For example, if you are on the Micro account then you may have to pay a swap fee. This could be a fee or a rebate as it is tied to interest rate differentials outside of the control of LimeFx. LimeFx seems to offer most of the standard asset classes including Forex, Commodities, Equities and Crypto.

Copy trading

This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. All content on comparebrokers.org is intended for educational purposes only and should never be considered financial advice.

BC: LimeFx wins Best Mobile Trading Platform at Forex Brokers Award 2022 – Punch Newspapers

BC: LimeFx wins Best Mobile Trading Platform at Forex Brokers Award 2022.

Posted: Tue, 31 May 2022 07:00:00 GMT [source]

LimeFx acts in full compliance with the standards of international financial regulations and legislation. For many of their major Forex pairs these spreads are close to zero. More in-depth issues can be addressed by sending the broker an email. We found that the questions we asked via this method were fully addressed within 24 hours. On the account monitoring page of the LimeFx website you can select an account or nickname and view its performance, charts, profits, orders and history. The profit calculator lets you choose a trading instrument and enter the position details for a quick and easy calculation of the potential profit.

LimeFx Platforms Review

They can be reached on live chat for some quick-fire questions, or more complex questions can be sent to the phone or email team. For traders relying on some support throughout their trading journey, finding a good support team will be crucial to your experience. This account is run on limefx forex broker the MT4 platform and offers the lower minimum deposit amount at just $100. Therefore, traders looking for the best fees in addition to more tradable instruments should consider the MT5 pro account. LimeFx spreads are higher on the MT4 account with only 37 tradable instruments on offer.

LimeFx outlook 2023 made by LimeFx – FinanceFeeds

LimeFx outlook 2023 made by LimeFx.

Posted: Wed, 01 Feb 2023 08:00:00 GMT [source]

We have over 20 years of experience when it comes to trading online so we know what to look for. Islamic swap free accounts that comply with Sharia law are available. It is great to see the broker supports clients https://limefx.name/ with different religious beliefs although this is pretty standard nowadays. Any processing fees from your bank will need to be incurred by you. Yes, trading through LimeFx is a nice and decent experience indeed.

Even smaller losses like 10 pips can result in an extremely negative impact on an account, making high leverage unsuitable for all traders. While MT4 is the most popular out of the two platforms, the cTrader platform does offer more advanced features that are particularly suited to retail and institutional traders. CTrader platforms are more suited to the ECN platform, which basically lowers spreads to almost 0, not including the commission rate per trade.

The lowest spreads, real-time market execution and true ECN offset are among the top advantages of LimeFx. Virtually all leading forex brokers maintain subsidiaries offshore. This allows them to offer competitive terms in emerging markets in Asia and Africa.

We see that LimeFx follows the latest inventions in the market and really tries to provide as many options to its customers as possible. They provide both, the downloadable and web-based versions of these platforms. Also, LimeFx mobile apps for the trading platforms are available for iOS and Android devices, including iPhone for MT 5. The forex market is a worldwide trading market that trades currencies. It is the largest market in the world in terms of the trading volume. The foreign exchange market includes selling, buying, and exchanging currencies.

LimeFx has a reputation for being proactive in satisfying customer issues by coming to a reasonable solution. In addition to all these regular updates, there are irregular short pieces published in reaction to trading events with detailed technical insight. LimeFx has an excellent Market Insights section which is updated frequently. Regular posts include a Daily Forecast, a Daily Review, and Weekly Review. These posts frequently offer predictions of future market movements – but be cautious and do your own research before acting on any predictions. Alongside industry standards such as an Economic Calendar, Profit, and Trading Calculators, LimeFx also offers an Account Monitoring tool and Autochartist.

  • Click here for a full list of our partners and an in-depth explanation on how we get paid.
  • LimeFx broker has been recognized as the Best trading desk type ECN, STP Broker by FXdaily.
  • You can make fast deposits and withdrawals, instantly log in to your trading profile and access your terminal to trade simultaneously in all of your accounts.
  • The swap-free trading system at LimeFx is one of the best special features they offer.

The firm has expanded its reach successfully with its combination of low fees, responsive customer support, and advanced technology. Today, the firm serves customers across 100 countries, and has opened up around 300,000 accounts with an impressive daily volume of $4bn. The site features a range of short tutorials covering everything you need to know to get started – from Forex Fundamentals to Predicting the Market. Each tutorial is a mix of video and text and is well-packaged and easy to understand; learners are tested frequently on the material and the entire website is free of charge.

The MT4 and MT5 trading platforms are available on both Android and iOS mobile devices and tablets. There is some loss in functionality when compared to the desktop versions of these trading platforms, including reduced timeframes and fewer charting options. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money.

Can LimeFx be trusted?

LimeFx is considered high-risk, with an overall Trust Score of 69 out of 99. LimeFx is not publicly traded and does not operate a bank. LimeFx is authorised by zero tier-1 regulators (high trust), two tier-2 regulator (average trust), and zero tier-3 regulators (low trust). Learn more about Trust Score.

Moreover, you can code your own trading algorithms and bots on the MT4 platform. This is through the use of the their MQL4 programming language which was developed specifically for this platform. For example, you have advanced order forms where you can set parameters around your positions. You also have numerous technical analysis indicators and studies that you can overlay your charts with. If you are on the MT5 Pro account then you won’t pay a swap fee but you will have to incur what they call their “Three Days Fee”. This is charged every third rollover, that is, every third night at Midnight.

But, ensure you know how to make the most of your cash before investing in larger amounts. LimeFx are a reputable broker that has been trading for over 9 years. LimeFx admits the significance of owning a fast order execution. A fast execution will allow users to exchange without fretting about slippage safely. This lime fx page contains information about investing with LimeFx.

How much does LimeFx charge?

We do not charge any commissions for trading.

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