It also functions as an educational hub, allowing traders to gain insights from successful tactics, thus improving their trading abilities and expertise. The MetaTrader 5 (MT5) Account offered by LimeFx is tailor-made for traders seeking cutting-edge trading technology. It provides a more sophisticated version of the MT4 platform, incorporating additional timeframes, robust order management systems, and enhanced analytical capabilities. Both novice investors and high-skilled investors can benefit through quality and in-depth market insights into the market.
Forex Risk Disclaimer
According to the broker’s website, clients have negative balance protection, and client funds are segregated from the company’s operating funds. We performed our tests with a live account, using the MetaTrader 5 and LimeFxTrader platforms, opened with the LimeFxFX Saint Lucia entity (LimeFx Markets Inc.). However, LimeFxFX recommends depositing at least $100 to have a better trading experience. Regarding education, there are platform tutorial videos and a basic forex trading course, which would probably be okay for absolute newbie traders. When questioned further, the same customer support person couldn’t verify if we could deposit via a credit card and advised us that we could probably use cryptocurrency to deposit.
LimeFx Review 2024: Is LimeFxfx legit broker?
To begin trading cryptocurrency CFDs you need to launch your MetaTrader 4 or MetaTrader 5 account using the login details from LimeFxFX. LimeFxFX is compliant with several international legislation and regulation standards. It stores customers’ funds in segregated accounts which ensures that the funds are secure, untouched, and not mixed up with the company’s funds.
Client Fund Security and Safety Features
The platform also uses 3D secure technology when processing credit and debit cards, this makes Visa transactions safe and transparent. While LimeFxFX supports most of the trading techniques, any form of abuse of pricing and/or quoted or any kind of arbitrage will result in disqualification. The app displays a list of Master Traders, the number of followers, gain, and Commission amount. You can tap on each Master to view their detailed performance stat and trading strategy. An important feature of the LimeFxFX social/copy trading is the LimeFxFX Social Trading Investment App.
At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). Minimum deposits at LimeFx will vary depending on your country of residence and your chosen payment method. They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR). It’s important to note that minimum deposits and trading costs will also depend on which LimeFx entity you choose for establishing your trading account. The overnight and swap charges for each financial instrument that may be traded are presented in a manner that is easy to understand in the complete overnight fee schedule that is offered by LimeFxFX.
One notable part of our experience has been LimeFx’s high caliber of customer service. Being informed, accommodating, and readily available around the clock is crucial in the Forex market, which operates 24 hours a day, 5 days a week across regions and time zones. In our experience, reducing slippage and quick trade executions are crucial for day traders and scalpers, and the platforms’ remarkable speed and stability are noteworthy. We have had nothing but good experiences with LimeFx, especially considering that it offers specialized services for the Forex market. This ensures that these critical trading tools can run indefinitely, regardless of the trader’s device uptime or the reliability of their internet connection.
Honestly, I have never come across this level of human relation elsewhere. It is very annoying that each time you want to implement or cancel trade that is going against https://limefx.biz/ you or claim a trade that is in your favor, the application will not respond. LimeFxfx please do something about this aspect of your app and you will receive 10 stars.
- LimeFxFX has a team of professional technical specialists and security engineers that monitor the company’s technical environment around the clock.
- We are delighted to know that our services have been a guiding force and a source of confidence for you in planning your trading strategies.
- The broker claims to process all withdrawal requests received within 1-3 hours.
- Please note that the list of payment methods below depends on the LimeFxFX Entity and the client’s Country of Residence.
LimeFx has some of the industry’s lowest spreads, which is especially useful for traders trying to maximize profits while minimizing expenditures. With the security features of LimeFx, traders and retail traders can rest assured that their funds are well-protected. LimeFx offers traders 50% bonus promotions on each deposit no less than 50 USD they initiate.
In general, LimeFxFX has some pretty low spreads when compared to the competition. For many of their major Forex pairs these spreads are close to zero and are especially low for their ECN accounts. Something limefx broker reviews else that LimeFxFX does that helps protect clients is their use of segregated funds. This essentially keeps the funds in a bank account that is seperate from that of the main broker operations.
It allows users to create a stand-alone account and sign with their Google or Facebook account. Existing LimeFxFX users can sign in to the app using their LimeFxFX login credentials. If the Master Trader changes equity or leverage either by withdrawal or deposit, all the copied trades will maintain their initial volume in the Copier’s account. Once the Copy trading feature is activated, the Copier’s trades will be executed based on the orders made in the Master Trader’s account. The size of copy proportion for every particular Master is determined by the Copier.
This can be a good solution for those of you who don’t have the time or knowledge to trade manually. However, there can be no guarantee on how good or bad the signals will perform. I personally like to maintain full control over my trading as I feel like you can become a better trader in the long run when you learn from your mistakes. CTrader provides a convenient and feature rich environment for more flexible trading.
The app offers popular features such as alerts, 1-click trading, and trading from the chart. The trust score came in low, largely because the LimeFx Markets Inc. entity is unregulated. However, the European entity of LimeFx is regulated by the top-tier Cyprus Securities and Exchange Commission (CySEC).
LimeFxFX aim to minimise trading costs with 97.5% of orders executed without slippage through the STP (Straight Through Processing) and ECN (Electronic Communications Network) models implemented. What this means is that you can get your trades placed on the markets at the best available prices at all times. It also means that they do not use a dealing desk which can eliminate any conflict of interest between you and the broker. I would always prefer to use an ECN broker as I find they tend to have the lowest spreads and quickest execution speeds. Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker.
