Forex Trading

LimeFX Review 2022: Scam Or Safe? Detailed Overview

Having WebTrader aswell as the downloadable desktop versions, is another sign as to user centric approach. You have the option as to whether you want to access in browser with no download, or via the dedicated program. LimeFX Invest is the copytrading or social trading solution implemented by LimeFX to compete with the industry stalwart LimeFX. LimeFX have recently launched added another platform to their repertoire, LimeFX Trader, but as this is a mobile trading or app option, we will cover this elsewhere. We will explore the different LimeFX account types in a later section of this review so if you would some more clarification, please skip ahead a little. The standard ECN account has commissions payable of 4$ per lot ($2 on the buy side of the transaction and $2 when you come to sell).

This lets you access the markets on a PC or Mac without the need to download any software. LimeFX Pro Accounts allow for trade volumes of 0.01 to 250 lots, with 300 pending orders and unlimited orders. Margin call is at 80 percent and stop out is at 50 percent. Below this are general statistics, including total trades, profitable trades by percent, average trade length, consecutive wins. Additionally, there are statistics on the greatest win in pips, average daily trades, deals with stop loss, deals with take profits.

Is LimeFX a Scam

Enter your personal data first and last name, country of residence, email, phone, etc. The process of opening account is pretty simple and requires you to follow the LimeFX sign-up link where you will be guided through a simple account opening process. LimeFX accepts clients from most geographic locations, however the usual restrictions apply to residents of the USA and Japan. The main entity ForexTime Ltd is regulated byCySEC of Cyprus, authorised by FSCA ofSouth Africa, and additional offshore authorityFSC in Mauritius.

Till this day I had the best experience with them I hope this continues to the future. Note that the processing time is longer, with deposits taking over three days and withdrawals taking up to six days. Withdrawal of funds is also possible with the above-given credit/debit cards, e-wallets, and bank wire transfers. A trader can easily withdraw the funds from the accounts by informing the broker in advance for verification and security purposes. The fifth step of the process is to wait for verification by the broker, and once done then traders can get access to their activated account, deposit funds, and begin the trade.

The brand was launched in 2011 and has achieved global status with a focus on content localization. The LimeFX brand headquarters is in Cyprus while other offices are in London, Nigeria, etc. LimeFX states that it has over one million registered trader accounts from all over the world.

LimeFX (ForexTime) Review

This LimeFX review clearly shows that it can be hard to tell whether your account falls under the authority of a good financial regulator. Anyone choosing the LimeFX forex broker will be happy to find some minor and exotic pairs available. There are many CFD options for LimeFX stocks, with over 100 different US and European stocks to choose from.

Is LimeFX a Scam

The fees vary depending on the type of account you decide to open. There are ECN Accounts, MT5 Accounts and Standard Accounts. In terms of cryptocurrencies offered, the broker is seeking to extend the range of cryptocurrencies offered. At the moment, LimeFX has only 4 cryptocurrencies available on its assets. The demo is available on the App version and the web version too. In both, the amount of money, spreads and leverage are the same.

LimeFX Review 2023 | Is LimeFX Legit or scam. Find out

Since its launch, the platform has won more than 25 awards such as, best trading platform, best Forex broker and best customer support. Having won awards for their customer support, you will find the LimeFX team very willing to help. With the extended contact options available however you should find the LimeFX support team both willing and able to help. If your support query is in relation to deposits or withdrawals then you are best off contacting their back office department directly via livechat or email.

In the future we would like to see a wider range of instruments on offer to keep all our trading needs under one platform. Overall, if you are trading forex, the LimeFX reviews tell us they are performing as one of the better brokers out there but there is always room to improve. LimeFX Minimum Deposit levels are really very much at an entry level with users able to get involved for as low as just $5. LimeFX have proven to have a customer centric approach in their support and services and their customer support options are also extensive.

Unfortunately, LimeFX is not available to traders in the USA so these clients will need to find a different broker. There is a good range of instruments to trade including the usual Forex and shares option. For those who cannot attend any of the workshops or seminars, ForexTime also offers free trading webinars to its clients. These take place nearly every single day and are in a range of languages with a variety of topics.

  • The company launched in 2011 with its headquarters in Cyprus .
  • Also, all are provided with good research and excellent tools.
  • You can use the basic order types.You will not find very sophisticated orders like the ‘one cancels the other’ order.

The ECN offering by LimeFX is a confidence booster that there are no conflicts possible in the trade and execution is both timely and transparent. Where LimeFX do really seem to get it right here is in the model that their strategy limefx scam managers receive commission from their followers. Whereas other brokers’ are working on a model of trading volume of followers, LimeFX has their strategy managers working on a performance basis similar to forex account managers.

here again LimeFX cheating me by taking…

Our ultimate guide to the LimeFX minimum deposit is updated regularly. LimeFX is regulated by several financial authorities globally, including the top-tier Financial Conduct Authority . LimeFX is regulated by several financial authorities, including the top-tier FCA.

Is LimeFX a Scam

As of 2020, LimeFX charges no commissions and dealing charges. To have a clear overview of LimeFX, let’s start with the trading fees. First, let’s go over some basic terms related to broker fees. What you need to keep an eye on are trading fees and non-trading fees. We ranked LimeFX’s fee levels as low, average or high based on how they compare to those of all reviewed brokers.

This way you are minimizing your exposure to the broker, and building some experience on how the platform and accounts function without so much of your own capital at risk. There are more than 2million traders now using LimeFX as their broker of choice and it is in no small part due to their commitment at each stage to deliver what the user needs. Demo accounts are possible on Standard, Cent and ECN accounts to give you a real feel for what you will be getting into once you deposit and start trading for real. They imply that they cater to all kinds of traders and want to provide them the best option, given that these are some of the top trading platforms in the market. Review

There are other brokers who operate as market makers that you would want to steer clear of due to their rumours of conflicts but LimeFX are a cut above. The only major deposit method missing is bank transfer but as it is a pretyy major one for some users, we will hace to mark LimeFX down on that. If you are depositing or withdrawing via any other method, you will be really well served. Minors and Exotics with all brokers come with wider spreads due in large part to the liquidity and you will see that the minimum spreads for these is from 5pips.

With Shares Accounts, the trade volume can be between 0.01 and 10 lots. Margin call is at 40 percent and stop out is at 20 percent. There is also a section where the Strategy Manager tells you about the Strategy and any other additional relevant information. Below this, you will find charts and graphs detailing returns and monthly statistics by trades. To become a Strategy Manager, you register for an ECN Zero Account and verify your profile. Then, you get your own Manager page to display trading statistics and start sharing your trading results via social media.

Many traders appreciate the fact that automated trading ensures you do not miss any opportunities if you cannot watch the markets 24/7. Cent Accounts also have instant execution, tight floating spreads, and a SWAP-free option and work with MT4. They are available in EUR cents, GB pence, USD cents, or NGN kobo. They feature Cent Lots and have a minimum deposit of just 5 EUR/USD/GBP.

More than 84 percent of client funds are processed within just five minutes. LimeFX receives feedback that is more than 90 percent positive. The MT4 version includes support for 18 languages, one-click trading, an intuitive user interface, 9 timeframes, real-time quotes, comprehensive account history. It also includes advanced analysis tools, real-time quotes in MarketWatch, and reliable data protection. In terms of MetaTrader 5, clients get access to Level II data and all execution modes. They also get an extensive range of order types and trading signals with MQL5.

That way, you will earn a percentage of their profits, as much as 50 percent. Cent Accounts have minimum deposits of $/€/£ 10 or ₦1,000, with no maximum deposit. You can view every single one of the margin and leverage requirements for ForexTime trades on the appropriate page on the broker’s website. All the info is under the main category of Trading Accounts. With LimeFX, traders are able to trade a nice range of instruments.

It is their job to provide you with this platform, which should be equipped with the tools and features that are useful in the trading process. LimeFX offer the limefx forex brokers reviews chance to trade Shares, the fee is accounted for in the spreads and is the only charge. The shares fee is quite competitive compared to industry standards.

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