A professional, direct LimeFX plan could aid you in minimising any potential losses and maximising any returns. It is important to know about any broker until you trust them with your money. You will have access to multiple trading platforms using one account. With the flexible broker LimeFX I am trading in Forex market since 2 years.
- These are determined by the actions you undertake in your accounts.
- On their website, you may see the most recent margin and leverage details.
- The story of LimeFX (E-Global Trade & Finance Group, Inc) brand begins in the year 2007, back when majority of Forex Brokers were based in Europe with UK having the most dominant amount of brokers.
- However, withdrawal fees do apply for some payment methods and the broker does charge inactivity fees after 24 months of no trading activity.
The cost structure at LimeFX is above-average across all account types. LimeFX has implemented a series of features to ensure the safety and security of client deposits. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. Please keep in mind, that order’s execution is performed on server side, and then result of this action displays in trading terminal.
You’ll also need to answer a few questions regarding your trading experience, so set aside at least 10 minutes to finish the account opening procedure. LimeFX offers support in many languages like English, Russian, Spanish, Chinese, Hindi, and Indonesian. If you are not a resident of Asia or CIS country, there are more suitable brokers with less funding and withdrawal limitations.
Does LimeFX have a wikipedia page?
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your LimeFX objectives, level of experience and risk appetite. And if we speak ‘bout some troubles, they handle them quick. I recommend LimeFX for all beneficial trading conditions they offered me.
- This may impact how, where and which products / companies / services we review and write about.
- Positive reviews are varied, and mostly come from traders, who tend to emphasise their extensive trading experience.
- LimeFX puts all client funds in a segregated bank account and uses tier-1 banks for this.
- The lower a stop out level is, the more money a trader can lose, if no proper risk management has been implemented and trades are left unattended.
- We do not see any reason why anyone shouldn’t try LimeFX.
- When you’re first starting out in the world of Forex trading it’s highly likely you are looking for a way to test the waters without risking huge amounts of cash.
As you can see, LimeFX’s minimum EUR/USD spread is 0.1 pips, which is low when compared to the average EUR/USD spread of 0.70 pips. Guarantees order execution ‘at any cost’, at the first available price – in other words, whenever broker has enough liquidity on a specific level to fill the order. Traders who prioritise getting an ordered filled at any relatively close price should always choose Market Execution. The account opening process with LimeFX is simple and surprisingly fast. In order to receive login credentials and be able to log into the Client Area, trader has to fill out a short registration form and provide your phone number.
FAQ About LimeFX
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. According to many online reviews, as well as our research LimeFX customer service responsiveness and quality is well below average. LimeFX offers a number of methods for deposits and withdrawals. All deposits and withdrawals have https://limefx.club/ to be done using accounts own accounts, no third-party payments are allowed. All trading accounts are subject to very low stop out levels, regular accounts have a stop out level of 10%, and NDD/STP accounts are 20%. The lower a stop out level is, the more money a trader can lose, if no proper risk management has been implemented and trades are left unattended.
This can look like a small number, but over the entire year, it adds to a substantial number of gains. While LimeFX provide you all the tools to make money, they can’t guarantee you will profit. You can use debit or credit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron.
We do not test trading skills of our clients, but for every Leader there is full statistics of his trading history. Indeed currently MT5 platform is not available when trading on LimeFX. However we’re working on adding it to our list of platforms. Unfortunately, as this is ongoing project, we can’t share possible time period of MT5 implementation.
LimeFX.com offers over 35 currency pairs, gold, silver, cfds, bitcoin and other cryptocurrencies for your personal LimeFX and trading options. My story with forex for you broker started about one year ago and all i remember is only negative experience. I was searching for a job opportunity throughout the internet and came across this dc. After checking dozens of POSITIVE (???) feedbacks from “real” traders i decided to make a deposit.
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TheClassic Account, like the Cent Account, also offers instant execution. Except for the fixed spreads, which begin at 2 pip, the account features are nearly identical. Opening a demo account is a good option before opening a live account where you trade with real money in real-time.
The funds can later be used to make payments to merchants, other Skrill customers, or converted into cryptocurrency. LimeFX is a great broker, and its users may vouch for it. The highlight of the platform is its fast order execution on trades. The reason that LimeFX asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, LimeFX has to be careful that they don’t breach any money laundering laws and part of that is know as KYC . This means that at all times, LimeFX must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
Clients with Classic or Cent accounts will also have access to copy trading services offered by Share4you. Clients can follow the top traders on the platform and directly copy their trades or choose to become leaders and allow other traders to copy their activity, each time paying the leader a commission. There is a range of research and educational materials limefx courses scam available which include Trading Central and AutoChartist services, Trading School, News, Articles, Trading Videos and more. There are attractive bonuses and promotions including a monthly Trading Hero Contest, 100% first deposit bonus and 50% Cashback Program. The broker offers multilingual 24/7 customer support via Phone, E-mail, Live Chat and WebPhone.
These reports can be downloaded in PDF format from their webpage. LimeFX is a reputable brokerage firm that goes to great lengths to provide a safe, dependable, and technologically sophisticated marketplace for its users. The shown growth demonstrates the effectiveness of its strategy. The traders that you copy are extremely volatile and they almost always blow out your account.
LimeFX Broker Review
The LimeFX broker also provides the downloadable LimeFX mobile app for Android, iPhone and iOS. Mobile apps are preferred by the majority, since they provide easy access and can be used at any time. Established in 2007, LimeFX is one of the brand names used by E-Global Trade and Finance Group Inc., which is registered in the British Virgin Islands. The trading name of LimeFX is licensed and regulated by the FSC. The specialty of this broker is providing online trading services for traders all over the world, but so far, it has remained one of the smaller players.
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- It includes a host of features such as forex charts, dozens of trading pairs, in-depth analysis, real-time updates, and EAs for automated trading.
- For Islamic countries like LimeFX Indonesia offers opening Islamic accounts.
- The bonus offer that LimeFX is currently offering is a reward for frequent foreign currency traders.
- The Cent Account is suitable for beginners who lack the experience or willingness to risk large sums of money.
With this account, it is possible to manage one or more investor funds. Finally, there is the PAMM investor account, which will give you the opportunity to profit from the Forex market without the worry of making trades. For its platform, LimeFX has chosen the ever-popular MetaTrader 4, in all its favourite guises. There is also a specially designed LimeFX mobile trading platform that allows clients to trade using their smartphones or tablets. When placing funds into a trading account a choice has to be made regarding the % credit bonus.
Minimum Deposit Required
LimeFX claims that over 70% of all copied trades are profitable, which would make it one of the most successful copy trading services available. Since there are no restrictions from LimeFX regarding strategies, Share4you Leaders may use automated trading solutions. Skrill also offers cross-border payments through its remittance services Skrill Money Transfer. It allows customers to transfer funds to a bank account in another country using their bank card. It was in the year 2015 that Skrill became part of the Paysafe Group along with former competitors Neteller and prepaid payment provider paysafecard.