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LimeFX Review 2022 Pros and Cons Uncovered

door jun 3, 2020

Additionally, it includes availability of all trade types and execution methods, complete trading account control, and optimization for iPads. It also includes detailed trading history, 21 timeframes, 3 chart types, support for 18 languages, over 300 tools, real-time quotes, reliable data protection, and one-click trading. 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.

LimeFX offers desktop, Apple, mobile, and tablet versions of the industry-leading trading platforms MetaTrader 4 and MetaTrader 5 to meet a wide range of traders’ needs and increase their trading flexibility. If traders prefer to trade directly through their browser, they can use MT4 and MT5 on PC and Mac To trade, WebTrader – no download required! For traders with multiple accounts, LimeFX also offers traders a Multiple Account Management System on MT4 for easy management and ultimate convenience. To meet different investors’ LimeFX needs and trading experience, LimeFX has set up several account types. The different types of LimeFX UK accounts, including Micro Account come with a minimum deposit of just $50. ECN Advantage account and ECN Advantage Plus account both come with minimum deposit of $500.

LimeFX costs are Fees are mainly built into a spread also defined by the account type you use. In addition, you should always consider other fees like non-trading fees, withdrawal fees which we will see in detail further. And then is also based on the trader experience and knowledge, so always check with customer support team first which one is applicable for you. LimeFX is a good broker well-known and regulated worldwide, there are numerous regulated entities of LimeFX. Account opening is easy, LimeFX has on of lowest deposit requirements and trading conditions are good with low spreads and excellent customer service and Forex education.

MetaTrader supporting all kinds of devices including PC, MAC as well as accessible Multi Terminal that is useful for money managers. Hence you will always have access to your account at personal convenience. LimeFX trading technology and toolbar use the industry’s leading software third party providers, which doesn’t require a presentation, as these platforms are MT4 and MT5. Also note, every bonus program applies specified terms and conditions on how it should be used or accessed. Despite this, there is no deposit fees and some withdrawals are free as well, which we will see in our LimeFX review further, so all in all LimeFX fee structure is quite transparent and well built. LimeFX offers separate accounts for Forex trading and Invest Accounts.

LimeFX Main Features

The availability of deposit methods other than bank and credit cards is different based on whether the client is from the EU, the UK, or is non-EU. To have a clear overview of LimeFX, let’s start with the trading fees. People who https://limefx.name/ write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Finally they made me withdraw amount back to a Skrill account and the exchange fees was outrageous.

There are a wide selection of payment methods provided by Fake LimeFX. It accepts deposit via VISA, Skrill, VISA, MASTER and more, and withdrawal with MASTER, PerfectMoney, Skrill, VISA and etc. More specific information about the fees or processing time can be found on this brokers official website. Many investors limefx cheating have multiple trading accounts, depending on the brokers services. They include bank wires and a broad range of domestic banking solutions for countries, which I find excellent. Traders may also use Skrill, VLoad, TC PayWallet, Alfa-Click, Neteller, WebMoney, Yandex.Money, QIWI, Perfect Money, Konnexone.

Make sure you file a complaint in time and be careful with the limitations your credit card or payment methods have set. Our blog post on Safe Payment Methods discusses all payment methods offered. LimeFX Minimum Deposit levels are really very much at an entry level with users able to get involved for as low as just $5. Using LimeFX for all your trading needs may not be the optimal solution as the range is optimised towards what they do best. From a forex standpoint we would be hard pressed to find a better range of accounts and services at the kind of deposit levels that LimeFX require. The Market Execution option means that LimeFX are merely acting as a buffer between your account and the market and sending the trade via Straight Through Processing .

This scheme can compensate ForexTime clients up to €20,000 if the broker fails or runs into financial crisis. Any referrals to 3rd parties may have computational rewards. The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose.

These LimeFX Trading Signals include 8 currency pairs, 3 market indices, and 3 commodities plus 3 popular technical indicators, and 2 scenarios. They also include 4 take-profit levels, 2 daily updates before the opening of the US and EU trading sessions, and protective stop-loss to protect your capital and minimize risk. As mentioned, ForexTime supports mobile trading for convenience.

Mobile trading platform

This includes the MetaTrader 4 and MetaTrader 5 applications for both iOS and Android devices. One very useful part of the ForexTime website is a comparison between MetaTrader 4 and MetaTrader 5. That way, clients can choose which platform from MetaQuotes will work best with their LimeFX trading experience. It also means that there is a wealth of resources and tutorials available, both from ForexTime and other sources.

  • Where LimeFX do really seem to get it right here is in the model that their strategy managers receive commission from their followers.
  • One very useful part of the ForexTime website is a comparison between MetaTrader 4 and MetaTrader 5.
  • ForexTime offers a loyalty program in the form of Loyalty Cashback.
  • Equity CFD trading is commission-free as Forextime joined the group of brokers catering to millennial and GenZ traders favoring no commissions.
  • The customer support team provides multilingual service, as do the personal account managers.

LimeFX maintains one of the best selections of offered payment methods industry-wide. Trading with a regulated brokers will limit the potential for fraud and malpractice. I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. Our mission is to provide online investors with the most unbiased, comprehensive reviews and ratings of self-directed brokers. LimeFX spreads and commissions are available as floating spreads only. The lowest spread is 0 pips, but it is only on the LimeFX ECN Pro account, which requires a minimum deposit of $25,000.

Deposits and Withdrawals

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. Costs with LimeFX when looked at holistically are very reasonable and are comparable to some of the best forex brokers in the industry. The major spreads have come down considerably after the recent LimeFX review but if you are looking for value then you wanting to be trading ECN Zero with LimeFX to get the best of commissions and spreads.

  • This method lets ForexTime clients create their trading strategy or choose the strategy of someone else.
  • And you can always reach out to us if you need any assistance.
  • This way, you can be sure to choose a deposit method that is in line with your withdrawal cost expectations.
  • Negative slippage got as low as 14.18 percent in the same month.

However, be prepared to offer us solid proof of your business. That means, please introduce yourself first and be transparent. They don’t trust websites that don’t show transparency, such as the location of the business, team, or any other physical existence. Our algorithm gave the rank based on 50+ relevant factors, from the quality of the customer service and public feedback to the technology used and domain authority.

Moreover, traders can find a comparison of the two trading platforms with the broker. They help traders analyze and choose the one that suits their LimeFX. One of the most favorable aspects of LimeFX is that the minimum deposits required by the broker are very low. In fact, these start at $10 for standard accounts depending on the type, rising to $200 for ECN accounts, again depending on the type of account. If you trade with higher volumes, you will also be able to open the LimeFX Pro Account, however, a minimum deposit of $25,000 is required.

I deposited using their crypto method and I did not see my account credited for few days. Thus, I email the support and they replied will resolve this issue asap. It had been 20days and I still did not see my deposit in my account. Whenever I emailed to ask update, they just entertain me by saying as fast as possible and never provide any ETA nor reason why is this taking so long. I never face issue depositing in other Broker and I highly doubted if this broker is legal.

Is this broker good for beginners?

The available stock markets are NYSE, NASDAQ and the Hong Kong Stock Exchange. LimeFX hasclear portfolio and fee reports.You can easily see your profit-loss balance and the commissions you paid. If you use credit/debit cards or electronic wallets, you can only withdraw up to the amount you have deposited via the same method. Therefore, you have to withdraw any profit by using a bank transfer. Both FP Markets and Markets.com offer more base currencies.

Is LimeFX a Scam

There is no last-look pricing and this account takes advantage of deep liquidity right from ForexTime’s tier-1 providers. For each of these, you can find the notional value for USD, EUR, GBP, or NGN, as well as the leverage offered and floating margin as a percent. To view the full contract specifications for all trading instruments, go to the Trading Instruments portion of the ForexTime website.

The spreads are also higher on a Cent account also at this lower level of entry so proportionally you are paying a little more than needed for every trade versus the ‘Standard’ or ECN accounts. The pricing and extra charges of the broker are minimal; a trader does not need to worry about LimeFX. The account holders have to zero or a low commission with the trading accounts of the forex broker.

This allows LimeFX to attract native speakers of a wide range of languages. The minimum deposit for the LimeFX Pro account is $25,000, but spreads start at 0 pips and again, if you trade with MT4 you will be able to use LimeFX Invest. Commissions on this account start at just 0.1 pips on stocks, making it a great stock trading account when compared to other major brokers.