LimeFx Review 2023, Safety, Platforms and Fees
LimeFx charges no fees when using either Neteller, Skrill, or WebMoney when deposits are made into the trading account. However, there is a 2.8% plus 0.5 USD fee charged with Debit/Credit card transactions. This account offers similar features to that of the Cent Account, except for fixed spreads which start from 2 pips and much faster execution speeds. A forex account is a trading account held by a trader with a company like LimeFx that is primarily issued with the purpose of trading currencies. Forex broker services are also provided for institutional clients and large companies such as LimeFx banks.
LimeFx is not a secure broker because it is registered offshore and does not hold a proper Forex broker license. While we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious and might operate its services from an absolutely different location. As a Nasdaq owner, LimeFx offers indices and shares CFDs to trade.
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Trading on the Forex market involves significant risks, including complete loss of funds. Please read and ensure you fully understand our Risk Disclosure. Our mission is to provide online investors with the most unbiased, comprehensive reviews and ratings of self-directed brokers.
LimeFx derives most of its revenues from spreads and commissions. Both the Cent Account and the Classic Account feature a commission-free minimum mark-up of 2.0 pips. The Cent NDD and Pro STP accounts grant traders access to 0.1 pips for a commission of $0.10 per micro lot and $8.00 per standard lot, respectively.
LimeFx is certainly one of the best forex brokers for beginners. As a beginner you can start with minimal risk with using the LimeFx micro pips. The support, payment options and additional options (raw materials, CFD, etc.), are all arguments for registering at LimeFx. This website includes information about cryptocurrencies, contracts for difference and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money.
It allows anyone to copy trades of successful traders and allows profitable traders to become so-called „leaders“ and share their trades with others for a generous reward. It’s a really great service that has all the necessary features for copy trading, and at the same time is very simple and intuitive. LimeFx offers traders two bonuses and one promotion, which remains essential to its marketing strategy.
TopBrokers.com would like to remind you that the data contained in this website is not necessarily real-time nor accurate. Bitcoins available for trading on real accounts Dear clients, Today we are launching trading cryptocurrency on real accounts for our clients. Now every LimeFx client will be able to trade on world most popular cryptocurrency – Bitcoins. The pro STP account is an account type for professional traders and is suitable for traders with large trading volumes, traders who want to scalp as a strategy or traders with expert advisors. Forex traders can complete the online application by filling in the required fields. A verification code will be sent to the mobile number that forex traders provide, and this must be entered into the field provided for this purpose.
LimeFx Education and Training
Trading accounts can only be denominated in US dollars or euros, there are no other base currency options. All trading accounts provide similar trading conditions, except for a few differences that come from the type of execution. LimeFx has long been quite popular among retail traders because of its commitment to providing quality service to every single trader regardless of their trading volume. It is also one of the few forex brokers that have Cent accounts, which are ideal for novice traders with a small budget. The most important feature of LimeFx is that no minimum deposits are required for any of their accounts.
Equity Stop Loss is the ideal solution, it allows you to forcibly close all trades as soon as the stock reaches a certain level. This feature is also available for MetaTrader, but only as an additional Expert Advisor. Last but not least is liquidity pool monitoring, which displays the available amount of liquidity at prices from different liquidity providers. No order can be opened or closed unless the trader accepts a certain price. This is the most suitable option for traders who value execution at a specific price.
The broker offers clients access to over 150+ markets across Forex, Indices, Commodities and Shares through its own proprietary trading platform as well as the MetaTrader 4 platform. The focus of this review is on , however, there are some services such as copy trading offered by which are also covered in this review. Additionally, traders can also trade using the LimeFx desktop trading platform, the LimeFx web trading platform, and the LimeFx mobile app.
LimeFx Forex Trade Platform and Broker Review
It offers forex traders an in-depth view of economic information that is scheduled to be released. Events such as these can impact financial markets and subsequently, the trading activities of forex traders. LimeFx offers forex traders its own proprietary trading https://limefx.group/ platform along with the use of the popular MetaTrader 4. Forex brokers are also known as retail forex brokers or currency trading brokers. Retail currency traders in turn use these brokers to gain access to the 24-hour currency market for speculation purposes.
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- I’ve been working with this broker for almost six months, and I can say that I’ve never had any difficulties with withdrawal or deposit.
- This may impact how, where and which companies / services we review and write about.
- Traders who are not used to instant execution should keep in mind that not every EA is capable of trading with instant execution.
- Part of this is also ensuring that clients do not risk more than the original funds they invested.
In order to allow us to keep developing Myfxbook, please whitelist the site in your ad blocker settings. Once more we would like to point out that LimeFx core values are transparent and honest execution and we always provide execution details in full – tick history and execution logs. According to the above logs you can see that your orders were in fact triggered since the price became available, however, were further rejected within just a seconds time. With all of LimeFx Terms and Rules , LimeFx Scam my money untill now. Regarding the Regulation rules 4.10.2, please be informed that the paragraph provides a technical description of the order processing not execution and must be read in context with the whole paragraph 4.10.
Does LimeFx Have a News Blog for Forex News?
The Management Assertion Report with Independent Limited Assurance Report is available from the website as a downloadable PDF document. LimeFx is a trustworthy broker and takes steps to ensure its clients have a secure, reliable and technologically advanced trading environment. The success of its approach is evident in the displayed growth, as audited by KPMG. Client fund security is of utmost importance and all client funds are kept in segregated accounts, separate from LimeFx’s own funds. No, LimeFx does not have a forex traders Dashboard on the official website. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital.
The minimum that can be withdrawn is $ 20 or 20 Euro with a maximum of $ or EUR. The minimum that can be withdrawn is $ 1 and there is no maximum withdrawal limit. LimeFx offer the choice of deposits and withdrawals through Neteller, Skrill, WebMoney or Credit/Debit cards. LimeFx provides traders with a choice between four different accounts, Cent, Classic, Cent NDD and Pro STP accounts.
This can be useful, but it is essential to discern what a proper bonus is. Execution-only brokers, that is a broker that does not involve in any personal LimeFx advice and gives traders complete control over how they trade the markets, tend to have lower commissions. Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size of the position, and the leverage applied to your trading account. The broker does charge inactivity fees of 10 units of the base account currency after 24 months of no trading activity.
Multiply your income by sharing your trades
Copy traders will find the propriety service at LimeFx with 1,000+ strategies and 70%+ profitability a competitive offer to consider. LimeFx’s deposit bonus is back limefx courses scam and it’s bigger than ever! Avail up to 100% worth of deposit bonus to boost your trading funds an … Hello everyone it is possible to retrieve your stolen bitcoins.
Traders who are not used to instant execution should keep in mind that not every EA is capable of trading with instant execution. In addition, trading during news and high market volatility can be very difficult or even impossible because there is no guarantee that the selected price level will have enough liquidity to execute the order. LimeFx deploys its proprietary trading platform, LimeFx Desktop, LimeFx WebTrader, and LimeFx Mobile, alongside the out-of-the-box MT4 trading platform. Manual traders will find the LimeFx platform an attractive alternative amid its added functionality and clean user-interface. The slippage control and liquidity pool data are notable features.
In conclusion, this is among the best forex traders that you can come across. Its credibility is supported by the many awards it has won and also the favorable LimeFx customer comments and reviews. Its many account types will give a client a range of choices of what to pick befitting him or her. A very recommendable trader to all types of traders both experienced, professionals and newbies.