LimeFx Review2023 Is LimeFx Regulated or a Scam Broker️

With our Expert finds and overall review we rank LimeFx as a good Broker for Forex or CFDs trading. We found good trading technology and excellent education and research section, which is good for beginners, also conditions are overall good. limefx website Hereby,
LimeFx offers you
MetaTrader 4 (Limited with 10 days of inactivity) and MetaTrader 5 (Limited with 10 days of inactivity). We know how much you care about your money – that’s why we have a wide range of options for you to manage it.

Deposits are generally processed instantly, except for bank transfers, which can take up to 3 – 5 days, and withdrawals are processed within 24 hours. No fees are charged for deposits, but a withdrawal fee may apply, depending on the method. Of particular note is the fee for bank wire transfers, which costs 30 EUR per transaction. LimeFx’s accounts are suitable for beginners and more experienced traders.

How can I get started trading Forex?

LimeFx provides traders with LimeFx ideas, trading tips, and market analysis every day. Thanks to the FXStreet event calendar and insightful commentary offered by Dow Jones, traders have access to up-to-date and trending economic information. LimeFx also offers seminars and webinars to traders to ensure that they have all the necessary trading information. https://limefx.vip/ To accommodate the needs of traders who are always on the go, both MT4 and MT5 trading platforms are compatible with mobile trading apps. As a result, traders can visit Apple App Store or Google Play Store to download trading applications. You can invest your funds in the accounts of experienced traders so that you don’t have to trade yourself.

You can choose from different traders and strategies that you would like to copy. I have to reiterate that past performance is by no means guarantee of future performance. LimeFx is proud to present you with the popular MetaTrader (MT) platforms.

Overall LimeFx Ranking

LimeFx offers Islamic swap-free trading on 4 trading account levels. LimeFx offers Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries. LimeFx makes 4 life trading account types available, Standard, Micro, ECN, and Pro. They pride themselves in the success of traders and offer unmatched services such as free VPS Service and Signals.

Like most brokers, LimeFx offers a demo account where you can try trading without risk. LimeFx offers a wide range of deposit and withdrawal options, depending on your country and region. As we can see, for Latin American clients, no fees are charged for withdrawals via skrill, which usually take 1-2 business days to arrive. LimeFx offers a number of deposit and withdrawal methods, including credit cards/debit cards, bank transfers, and e-wallets such as Bitcoin, Skrill, Neteller, Webmoney, and Perfect Money. A well-regulated broker, LimeFx ensures that all Anti-Money Laundering rules and regulations are followed.

I didn’t expect this old platform, which I used to trust, to be so unreliable

On the other hand, the commission can be viewed on the commissions page. For example, on the MT4/MT5 ECN account, the commission for Forex is 3USD/2.6EUR/2.35GBP. The commission for cryptocurrencies is the highest, 15USD, 12.5EUR, 11.5GBP. For the purposes of this review, we found the customer service responsive and well-informed. Accompanying the Beginner’s Guide is an introduction to trading strategies, which is useful for familiarising yourself with the ideas and terms used when developing a trading plan. LimeFx has a brief but helpful education section but no analysis to speak of, apart from what is included in the platforms.

LimeFx is an online broker with a global client base that can provide you with a range of flexible trading platforms, investor accounts, and trading tools to help you with your market analysis. However, I believe that the regulation could be improved as could the number of trading instruments offered which are limited compared to other online brokers like LimeFx. The minimum deposit required is relatively low at just $5 and free demo accounts are also available if you want to give them a try before making a commitment. A good broker constitutes a good service for traders in terms of many criteria including trading instruments,
deposits and withdrawals, as well as customer support.

Mobile apps

Both brokerages accumulated over twenty years of market experience and have become household names in the Forex industry, but are on decidedly different paths. LimeFx is home to over 2,000,000 clients and has earned a sound reputation for PAMM accounts. LimeFx has grown more quietly, and remains more popular among North American traders. Demo accounts – Demo accounts are only available for the Standard and ECN account options. Virtual funds can be topped up on request and demo accounts do not expire unless no trading takes place for over 14 days, in which case it is deleted. LimeFx offers six live accounts, including three commission-free instant execution accounts, a commission-free market execution account, and two market execution ECN accounts with a commission per lot.

• Overall, although LimeFx offers an excellent copy trading service, it lacks other analysis tools, such as Autochartist, Trading Central, and Trading View that are often available at other brokers.
• This requires clients to enter a unique code, generated by an authentication app on their smartphone, in addition to their login details.
• However, for traders that trade in large volumes (more than 10 lots a month), it is better to open an account denominated in USD, especially for trading on assets such as the EUR/USD.
• When they use this account, they will not only make profits on their LimeFxs, but also earn commission on profits made by the investors they attract.
• I like how there is a list of strategy managers along with their performance statistics to assist you to make a choice.
• You can make a profit on the Forex market when the value of a currency drops as well as when it increases.

There are 4 various account types available as retail trading accounts at LimeFx, as well LimeFx through PAMM accounts. LimeFx is a reliable broker due to its strong standing and long years of operation. There are numerous instruments available for trading with quite good conditions with our opinion, this including Binary Options, also education is good. Research and analysis section is just great, LimeFx is good for beginning traders, also provides automatic trading and participates in various projects. Because to increase the chance to profit, it’s important to know as much about the markets and the trading strategies behind them as possible.

Traders tend to be more comfortable working with regulated brokers than with the unregulated ones. Regulated brokers strive to maintain high standards of transparency and can offer viable recourses to traders in the event they become insolvent. LimeFx offers a wide range of broker products including Commodity CFDs, Index CFDs, Stock CFDs, Spot Metals, and ETF CFDs. Additionally, the company also offers binary trading where binaries can either be in spot metals or currencies.

Therefore, the trader of any experience and size can count on a trading performance powered by the great choice of software that enhances strategies and general possibilities. At Standard Account provides spreads from 1.2, the spread of Micro Accounts is from 1.7, and ECN Account and Pro Account have spread from 0.4. A trader can open an account in LimeFx and opt to trade currencies (FX majors, FX minors, FX exotics, and FX RUB), spot metals, spot commodities, stock trading, spot indices, and crypto-currencies.

I found the assets listing of LimeFx to be very small compared to that of top-tier brokers like IG. I believe improvement is much needed on the training resources provided as many people prefer video lessons like those provided by Fortrade. When compared to other brokers, I found LimeFx to have a limited number of tradable assets. Only the forex majors, minors, and exotics are available for trading. There is a decent selection of forex currency pairs along with spot metals, spot CFDs, and a a limited range of cryptocurrencies.

LimeFx’s Financial Instruments

Besides lots of currency pair,
LimeFx also offers some instruments you would like to trade on, such as
Forex, Gold & silver and CFD for your best choice. Besides lots of currency pair,
LimeFx also offers some instruments you would like to trade on, such as
Forex and CFD for your best choice. Besides lots of currency pair,
LimeFx also offers some instruments you would like to trade on, such as
Forex, CFD and Crypto for your best choice. Besides lots of currency pair,
LimeFx also offers some instruments you would like to trade on, such as
Forex for your best choice.

• LimeFx also charges an inactivity fee of 5 USD per month after six months of account dormancy, which is well below that of its competitors that charge at least twice that much after only half the time.
• Beginners often do not want to risk trading large sums of money, and will generally not be able to trade full-time during the workweek.
• The major difference is that the MT5, being the newer version, has more features and capabilities than the older MT4.

If you want to practice trading online to get a feel for the broker, the platforms and what they have to offer, there is the option of a free demo account. I think this can be a great way to practice your trading strategies and build your confidence before opening a real trading account. LimeFx offers high-frequency traders lower pricing with minimum spreads of 0.4 pips for a commission of just $3 per round lot. It represents one of the most competitive offers available in today’s marketplace. Low-frequency traders will find a superior choice at LimeFx, where the minimum mark-up is 0.6 pips, free of commissions, versus 1.2 pips at LimeFx. The LimeFx spreads represent one of the best commission-free structures.

Traders need to ensure that they understand their risk exposure and determine whether the risk involved is suited to them before making trading decisions that could result in loss of capital. Most recently, LimeFx modernized the configuration it uses on its various trading accounts. limefx forex brokers reviews The new, improved, and up-to-date technological solutions have considerably improved execution speeds. The best part is that LimeFx’s new execution speed isn’t affected a lot by News. In summary, I found LimeFx to be an experiencedB, award-winning, and popular trading broker.

Undergoing reorganizations in 1959 and 1987, the bank appeared in its current form in 1990 after the passage of banking rules upon declaring independence from the Soviet Union. The bank’s activities are regulated in the Banking Code enacted in October 25, 2000. The support staff is highly-knowledgeable and offers support services in English, Russian, Indonesian, Portuguese and Chinese.