Is LimeFX a good Forex broker or they scam out of everyone?

Bank transfer, credit/debit card , and PayPal are available for transactions. The cTrader platform is also an important offering limefx review by LimeFX. This trading platform is streamlined with all the trading tools required to execute trades on the web.

The low commissions also deliver on the commitment of the company in helping traders achieve their goals. In the global market for forex trading, LimeFX is a broker that does this exceptionally well. LimeFX is one of the best services available to traders. There are many aspects of the broker that make it a sought-after choice among beginners and seasoned traders. Here is an all-embracive LimeFX review that not only explores its plus-points but also identifies its shortcomings. Today, LimeFX is also based in the City of London and Dubai and prides itself on the award winning service it delivers to over 89,000 clients worldwide.

These brokers not only manage the portfolio of their traders but also provide them with investor protection and competitive benefits. Today, dozens of financial instruments can be traded for high profits. However, every trade does not guarantee a profitable return. Millions of people enter the trading landscape for high-value financial instruments such as CFDs on commodities, indices, and forex currency pairs. Beginner traders have an in-depth collection of articles, supplemented by webinars and two trading courses. It grants new traders a high-quality introduction to financial markets.

LimeFX forex broker

On August 6, 2020, the company revealed that it had been the subject of a data leak. Hackers used malware to compromise a computer used by an external service provider of LimeFX. In addition, you can participate in webinars, access educational content, and learn from platform tutorial videos in a dedicated MetaTrader 4 Course. There are also educational videos available on LimeFX’s YouTube channel. At LimeFX, you can trade 600+ US stocks as share CFDs, includinglarge-cap companieslike Boeing, Facebook, Apple, Exxon and Alibaba.

How to Open a Trading Account with LimeFX

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. LimeFX offers negative balance protection, which is mandated under ESMA rules that went into effect in 2018, for its U.K./E.U. Clients do not receive negative balance protection, and no stop loss is guaranteed. The broker does have two-factor authentication but does not offer bio-metric authentication for its mobile application.

LimeFX forex broker

Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. LimeFX’s cTrader is a streamlined trading platform that is available as a download or web-based interface, which is stable and easy to access from any browser . This platform provides an updated look and feel, one-click trading, and full integration across desktop and mobile platforms, which enhance the trading experience for all types of traders. The minimum to open an account is 200 units of the base currency. Funding options are comprehensive and include Visa, MasterCard, POLi, Bank Transfer, BPay, PayPal, Skrill, Neteller, and Union Pay.

Can you open an account?

This plugin, however, can be properly accessed only from the desktop versions of the trading platforms. CTrader comes with an updated UI that offers features such as one-click trading, payment gateway integration, and real-time data processing. The trading platform also enhances the trading experience for new traders with its easy-to-navigate working application. These platforms are third-party but offered in their white-label by LimeFX.

LimeFX forex broker

The company is regulated by the FCA UK, ASIC Australia, CySEC Cyprus, DFSA Dubai, CMA Kenya, SCB Bahamas and BaFin Germany. Regarding European traders and those whose accounts are registered with LimeFX UK, the European ESMA law has recently reduced the maximum permitted leverage for security reasons. LimeFX requires a minimum deposit of $200 to open a live account. 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. But what worries me a little, is the fact that my account was transferred, from Australia into another country, I didn’t know it existed, Bahamas maybe or something like that. If LimeFX could explain me, or us, a little what is this about, please, maybe I’ll feel completely comfortable.

This way you’ll receive automatic notifications when emerging and completed chart patterns such as triangles, wedges, tops and bottoms are identified. Lastly,DupliTradecollects all the above services into one. DupliTrade lets you tap into other traders’ expertise for new techniques. However, you will have to deposit a minimum of AUD 5,000 to access DupliTrade’s strategy providers. A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers.

All you need to do is select your base currency as GBP when signing up. LimeFX’s trading fees may be on the high side for some instruments but they do not charge account inactivity fees or funding fees. They also offer a variety of CFD instruments in good numbers.

Breaking News

Your withdrawal of USD has been converted to USDT at the live conversion rate. This rate is subject to fluctuations as it is a live conversion. Please assist in providing ways for me to withdraw free of charge and close my LimeFX account.

  • These instruments include forex pairs CFDs and even cryptocurrencies CFDs.
  • LimeFX offers traders CFDs for over 60 most popular U.S. corporate stocks as well as total market index funds from 14 stock markets around the globe.
  • Customer service is great, providing lightning-fast and relevant answers.

If the losses exceed the deposit amount under volatile market conditions, LimeFX does protect the EU traders from balance deficits. Based on the commissions, the Razor account charges a minimum of $7 for a round-trip trade of 100k lot. The rollover swaps of both accounts are based on the trading platform and the market rates. LimeFX’s Razor account fits well for algorithmic traders and scalpers. LimeFX offers its services through the Standard account and the Razor account.

Who LimeFX Is For

Customer service is great, providing lightning-fast and relevant answers. Deposit and withdrawal are a breeze, with no fees charged in most cases. It is a mirroring service that allows you to copy other trades from other trading systems. LimeFX is primarily a forex broker with a good selection of other CFD products including cryptos, popular shares and commodities. After you download the MT4 mobile trading platform, you have to access the LimeFX-Live server. If you prefer trading at high volume, you may want to check out the Active Trader program.

LimeFX uses five execution venues according to our research. These venues are constantly reviewed to make sure the best prices are provided. LimeFX is considered low risk for traders in the United Kingdom because they are regulated in the region. limefx website In addition, they also have another top-tier regulator in the Australia Securities and LimeFXs Commission . Let us take you a little deeper into LimeFX’s regulators. If you are looking for a cTrader broker than LimeFX is a perfect choice.

In this blog post, we will take a closer look at the different types of spreads that are offered by LimeFX, so that you can make an informed decision about which account is right for you. LimeFX offers a standard account type, oriented towards smaller accounts, and a Razor account with tighter spreads for more advanced and Expert Advisor algorithmic traders. The Autochartist program generates trade ideas based on technical analysis patterns. The platform additionally provides traders with the option of “copy” or “social” trading, which can be accessed through the desktop trading platform, and also automating their own strategies. LimeFX offers a broad range of platforms to suit every LimeFX and trading style.

The market calendar developed by LimeFX’s trading platform offers distinct sections that run the market analysis. These sections represent data in charts and statistics to help the users understand the changing markets easily. LimeFX offers low commissions, which start from $0.02 per share, allowing traders to be long or short on these CFDs without any major risks.

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