Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. As for the experienced traders, this company won’t be able to offer them something interesting.
The cause of this is that the companies of online brokerages are scaled better. In other words, an internet broker isn’t necessarily affected by the amount of clients they have. Another concern with financial brokers with regards to security may be manipulation of trading. This is highly disadvantageous to users on these platforms. Nonetheless, this is much more widespread in the example of Market Maker brokers who compete with users on the stage. If you would like to trade with LimeFX, you will require a minimum deposit of $100.
The MetaTrader 4 trading platform is designed for Forex and futures trading. With MetaTrader 4, traders can analyze financial markets, perform advanced trading operations, run trading robots and copy deals of other traders. Traders should also seek out brokers who offer a free demo account, as this will allow them to conduct a test run of the broker’s features before deciding to sign up for a live trading account. The forex industry is populated by a vast array of traders with various trading needs, which most brokers aim to meet through the provision of suitable accounts.
However, it is possible to withdraw the money only in case all the rules of the offer are observed. If you receive a $100 bonus, the traded volume must amount to 30 lots, and if you received a $1,000 bonus, the traded volume must be 300 lots, etc. All the questions we had as we were preparing this review were quickly resolved. The response by email took about an hour, which can be considered a good result. The customer support is available in English, Russian and Spanish. Noteworthy, the broker has not adjusted the list of currencies to suit its core audience.
After you register, you need to choose your account type. For this, you need to go to the Fund Account tab, where the broker will offer you to choose a suitable account. In addition, you can choose here the suitable platform , preferred leverage and account currency. There is no minimum deposit requirement on LimeFX. The broker also does not have any restrictions on minimum transactions, depending on the payment methods. Therefore, LimeFX is well suited for the beginners and customers with small capital.
Then it can become part of your principal – for trading and for withdrawing to your card. Richard has many years of experience in broker research, testing, analysis and reviews. He knows what to look for through years of trading himself with different brokers and listening to the feedback of others.
Does LimeFX have a wikipedia page?
You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements. Many less reputable brokers try to pressurise customers into bigger funding for superior services.
I know that many traders do not try to study the functionality of the terminal and other details that are included in the service of a brokerage company as accurately as possible. But this is important because it can give you new opportunities for money management and direct trading. The reason why I started trading with this broker was very banal. I think 80% of traders that choose LimeFX do so because of the brokerage brand name. This company is really very popular in Europe and the broker is well known in the trading industry, that’s true. That’s so called goodwill and company is using it to atract the clients.
The brokerage has different courses, and I didn’t know which ones would best suit my trading level. And you can’t get any emotions when working with virtual money. Is it possible to feel the risk when you know that you can deposit your account for any amount? And it will be without spending a single dollar in case of failure. LimeFX charges an unacceptable 40% fee of the “trader’s reward” for traders who wish to become signal providers. LimeFX offers a sub-standard 210 assets across five sectors.
I don’t really understand all the hype around this company. All that this company attracts is, of course, various bonuses and cashback, which always interest traders who work with small capital. And in general, yes, this is an advantage because this “money” can be used as part of the capital while actively trading or can be used for copying. I have never been interested in finance or, to put it correct, to work in this area. And my love grew along with the growing needs of mine. I wanted my own business, but there were circumstances that got in the way.
These may include commission-free accounts, low spread accounts, and managed accounts. LimeFX also features excellent trading conditions that are available to all and not only an elite class of institutional customers. The tight spreads and fast executions are https://limefx.group/ a fantastic advantage for all traders. The technology adopted by LimeFX is among the highest caliber, ensuring that it is fast, reliable, and efficient. LimeFX is a forex broker headquartered in Cyprus and provides a range of instruments for trading.
I don’t copy trades here, although this service is aggressively promoted. I’m a conservative trader and prefer to trade manually. I like the process and enjoy each time I forecast the market correctly. I can’t say anything bad about this brokerage service.
The videos listed under Education are help videos and do not provide educational content. Live webinars are the sole educational tools, but no information exists. Copy trading is available via the proprietary LimeFX Invest platform. Client protection follows well-established industry standards. The asset selection remains limited, and so does the leverage, and the educational content is of low quality. LimeFX also publishes an economic calendar with the most important events in the global economy.
- Top-tier financial authorities regulate all operations.
- The response by email took about an hour, which can be considered a good result.
- I like how this version of the platform is always up to date and I can access it from any device.
- I started trading with LimeFX in 2015, with $200 deposit, than I add $15,000 to my account.
- LimeFX offers a sub-standard 210 assets across five sectors.
The LimeFX company undoubtedly enjoys great prestige among traders and investors. I, like many, also could not bypass it, so I opened a trading account there. At first I traded on my own, but then with free time it became quite stressful, because I had a small child in my family, and I retrained as an investor. The ESMA regulatory framework prohibits EU-based brokers from offering bonuses and promotions. LimeFX maintains a three-tier VIP program for clients with deposits above $50,000. It includes a rebate program, but competitive brokers offer more for fewer requirements, making them better destinations for active traders.
Analyzing reports and macroeconomic indicator parameters is an integral part of the fundamental analysis, these terminals offer all you need for that. Moreover, the use of analytical means allows users to perform systematic trading activities and reduces in that way the influence of human emotions. MetaTrader 5 is an all-in-one platform for trading Forex, Stocks, and Futures. 30 built-in technical indicators and 24 graphic objects are available for the most comprehensive analysis of price dynamics.
Can I try LimeFX before I buy?
I’ve been trading in financial markets for a long time. I heard that it’s one of the crucial services provided by this company and it’s even more popular than manual trading. The process is fully automated, so you only need to choose a successful trader to follow. I like the fact that LimeFX is good for beginners but they also take care of professional traders with all the attentiveness to our needs. Variable spreads policy works great, experienced profitable traders get a chance to participate in traders rankings for free and attract new capital as real professional funds managers. LimeFX comes with an extraordinary customer service centre where traders can expect fast, friendly, and professional service, regardless of the query or request you might have.
The company will double the amount deposited by the user. In addition, local wire transfers are available for the customers from Malaysia, Thailand, Vietnam and India. Deposit and withdrawal fees depend on the payment service you choose. Transactions via debit/credit cards or electronic wallets are instant, while a wire transfer will take some time . There is only one drawback in terms of this aspect of the broker – low number of base fiat currencies. It is hard to find other substantial drawbacks in terms of registration and trading accounts on LimeFX.
These conversion fees can occur both when trading and when withdrawing funds from your trading account. As with all brokers, the processing times for deposits and withdrawals will depend on the selected payment method. The No Dealing Desk, or NDD Account, offers immediate access to the interbank market without the intervention of a dealing desk.
- Client funds remain segregated, and an investor compensation fund exists, together with negative balance protection.
- It’s all really accrued and used by almost all of the company’s customers.
- When I realized that he was pouring all the money clients offshore, I quit.
- The Demo Account button stands separately from the main registration.
On his orders, we had to replenish customers through offshore LimeFX. I told clients that here you will not pay taxes, that it is better, etc. Then he connected clients to those traders whom Sergey Shamraev told us. As it turned out, it was just his pawns that he gave the signal to and they poured deposits, and if they didn’t limefx review do this and the customers wanted to take the money, he forced us to do it. The forex spread is the difference between a forex broker’s sell rate and buy rate when exchanging or trading currencies. Spreads can be narrower or wider, depending on the currency involved, the time of day a trade is initiated, and economic conditions.
One thing to remember is that you don’t necessarily have to have any money in your account. At the time of writing this LimeFX review, and despite LimeFX’s impressive offering, the company has surprisingly not garnered any awards to date. LimeFX acknowledges the significance of having a fast order execution.
You’ll acquire adept at all of the concepts of online trading and brokerages as you continue trading. For starters, you need to choose the right broker who’ll constantly be clear with you. This LimeFX review page contains information about investing with LimeFX.