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LimeFX review

However, you will find out by reading the clauses well, that the Non-Dealing-Desk (NDD) option only refers to Pro accounts. Also, it is possible to get a free bonus if you refer a friend to LimeFX. Please inform yourself about the actual promotions on the LimeFX homepage. As much as the tools listed above will be of great benefit to you on a fundamental level, LimeFX also provides specialized tools for those who need help from a technical analysis perspective. So i started an account and funded with all docs submitted no problem. The problem started when i wanted to withdraw it, everyday they will ask for new documents or ask me withdraw from different ways, and whenever i try that then that specific service is down.

LimeFX has named these “ALP” points and these can be used for a number of things on the LimeFX platform. For example, you could exchange them for a number of different discounts and improved trading conditions. I tried to get hold of some support agents through their online chat function. Responses were slow and the chat connectivity broke a number of times. Moreover, it felt as if the agents were mostly reading from a script.

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The account opening process is straightforward and standard for the industry. Traders have access to 1,947 strategy accounts for LimeFX CopyTrade. LimeFX International lists just 93 assets under Contract Specifications plus an unspecified amount of direct stock trading. It advertises 250+ assets, making it uncompetitive in this category. Despite its past difficulties, LimeFX International remains a trustworthy broker with a distinct focus on emerging and frontier markets.

LimeFX review

In addition to their product offerings, LimeFX also places a strong emphasis on education, offering a range of resources and tools to help traders improve their skills and knowledge. From webinars and video tutorials to market analysis and trading signals, LimeFX’s educational resources are comprehensive and accessible to traders of all levels. After going through this limefx courses scam, I think its clear now the answer to the most asked question I get is LimeFX regulated? Different trading products are offered when trading with LimeFX which provides the traders with different options. This section of the LimeFX review is where I will break down the different trading tools offered by LimeFX.

How to deposit money to LimeFX?

Besides, to see full fees always check funding fees, inactivity fees or other commissions. While MT4 is the most demanded platform to trade in forex and CFDs, came in the next-gen MT5 provides more advanced options than its former platform. Since MT4 is more suitable for traders who are new to the markets, what differentiates MT5 is it includes state-of-the-art features including options for hedging. The difference between them

is the platform you decide to trade on, your minimum trade size and processing type. While many forex brokers offer similar trading features, you may be considering opening an account with LimeFX.

LimeFX review

Whereas the withdrawal methods are of the same variety and great speed to make sure your withdrawals will be in your hands as soon as possible. Using either the live chat boxes or by contacting them through the highly visible phone number, you can reach customer support between

the hours of 5 am and 7 pm GMT. This small Forex broker, established in 1998, has now been operating for over two decades. During this time, they have

expanded and developed their offering consistently to be at the forefront of the industry, with over two million customers in 150

countries worldwide.

Trading Platform

From there, you can scroll through their time line and view many of their important events throughout their twenty-year history. You can also view items such as their regulatory information and details regarding the team behind the company. Posting the latest news, reviews and analysis to hit the blockchain. Yes, they are a member of the financial commission but without a governmental body watching over them, clients cannot be certain that you are fully protected.

  • Overall, LimeFX appears to be a solid broker and allows you to trade on the various platforms.
  • The trading options seem to be suitable for almost everyone, including beginner and professional traders.
  • A feature that continues to grow in popularity as financial technology expands is trading signals.
  • In other words, the amount of funds that you need to cover a position is only a mere fraction of the size of said position.
  • CFD stock trading also incurs a commission, which is based on the volume of the trade.

If you are going to be paying in a currency that is different than the one that you are funding in then it will have to be converted by LimeFX. They have a handy currency conversion tool that you can get in your account. This is because the agency does not require the broker to meet minimum requirements in terms of reporting, capital buffers other client protections. Despite their reach, there are some countries that LimeFX cannot accept clients from. The company used to have their head office in the UK as well as a operate a UK broker entity. However, due to a shock announcement in 2015 by the Swiss Central Bank, their UK entity had to close down their operations.

Is LimeFX International legit?

There is complete control of choosing the Strategy Managers and the amount the trader wants to invest. Copy trades also track records and monitor the investment accounts in real-time and can be accessed from any part of the world. LimeFX International functions as a web-based MT4 (MetaTrader 4) and MT5 (MetaTrader 5) platform and a dealing desk. Both the platforms provide flexibility, simple navigation, and intuitive and modern charting tools and instruments. The brokers’ can be used on any device including Android, Desktop, WebTrader, and iOS.

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Autochartist is one of the most effective technical analysis web applications and MT5 plugins. If you trade with LimeFX then you have access to both the app and the plugin. While the tools above will help inform your trading on a fundamental level, LimeFX also has tools that will help you from a technical analysis perspective. Similarly, as is the case with the deposits, you cannot withdraw your funds into a third party account.

LimeFX Trading Platforms

To deposit money into the trading account, LimeFX offers different payment options. In addition to the classic credit card and bank transfer, fast payments are also possible via the digital payment system Neteller and Skrill. These offer the advantage that the deposited amount is immediately available on the trading account. Review 2023: Must Try AI-based Trading Bot! – CryptoNewsZ Review 2023: Must Try AI-based Trading Bot!.

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The commission-free Micro and Standard MT4 Accounts commence from an above-average mark-up of 1.7 pips and 1.2 pips, respectively. The commission-based ECN Account shows a minimum spread of 0.4 pips for a cost of just $3.00 per round trip, making it one of the most competitive offers available. LimeFX International also features a Pro Account, which is commission-free for a mark-up of 0.4 pips but requires a minimum deposit of $25,000. The commission fee may differ depending on the financial asset, trading type, and user’s trading account level. LimeFX offers some of the narrowest spreads in the market, with several major currency pairings offering spreads as low as 0.1 pips. Your chosen account type will determine the spreads for each trade.