LimeFX com Belize Based Forex Broker Review LimeFX Review LimeFX Broker Review

LimeFX does not support automated or social trading, and provides only limited trading tools to clients. The introduction of its products and services remains sloppy. Traders will find significantly superior conditions elsewhere. The education center at LimeFX features https://limefx.group/ video tutorials on how to use the trading platform. LimeFX notes several features in the register and interface video, which it fails to mention elsewhere on the website. As such, it remains unclear what exactly remains available after this broker implemented changes.

Being given the opportunity to try something for real, rather than just reading someone else’s experience, is worth its weight in gold. So we’re always going to advise you to try LimeFX with the help of their demo account, if you like what you’ve been reading in our LimeFX broker review. As for trading skills, I’m still in the process of acquiring them.

WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located. These people are really depressed, my deposit is only 36500, now I have no money, the operation broke down. Open an account or log in to receive full access to the news section. Wide range of global markets, including Forex, Indices, Commodities, ETFs and more.

The trading platform is powered by WebTrader, and no download or registration is required. Additionally, there is also a mobile trading app which is available at the App Store or the Google Play Store and it’s also available for Windows Phone. Traders can use the platform to trade indices, commodities, currencies and stocks. Reliability, credibility and transparency are features of the state-of-the-art trading platform at LimeFX.com.

Completing the mandatory account verification process unlocks an additional 20% deposit bonus; limited to $1,000, it will be credited within 48 hours of the initial deposit. It should be noted that it appears that LimeFX allows clients to make a deposit without account verification. LimeFX also provides a cashback bonus of at least $10 if a trader completes 10.0 standard lots per month. Terms and conditions do apply, and traders must read and understand them before requesting a bonus from LimeFX. There is only a single type of trading account at LimeFX that starts with a $100 minimum deposit and a huge range of attractive LimeFX bonuses for deposits and successful account verifications.

• Forex pairs, cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money.
• The commission-free trading environment features unacceptably high fixed spreads of up to 5.0 pips on the EUR/USD.
• Since I use quite an aggressive trading method, I take advantage of the flexible leverage that LimeFX provides for the wide variety of assets in the trading platform.
• Basically, what you find is easy and fast deposit and withdrawal, education, daily analyses, a lot of assets to trade on a swiftly working platform.
• All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn`t imply direct instructions for investing.

While LimeFX introduces it as a next-generation trading platform, it lacks core functionality, including support for automated trading solutions, as it only serves manual traders. It makes bold claims inspired by marketing efforts but does not provide details. A one-page trading platform introduction only shows a clean user-interface.

What does peer review mean in the arts, humanities and social sciences?

Choosing a broker for forex trading is not an easy process. I usually try to spend a bit of time before making a conclusion as further results of trading might be very vulnerable to the first choice. You are probably a beginner and are just thinking about opening a LimeFX account. You don’t need to download software to your computer. So when comparing order execution speeds, of course, I didn’t measure to milliseconds, but I can say that I definitely didn’t notice any difference in execution speed. I can even say that webtrader platform is faster on many points, for example when trading on the news, orders open very fast and slippage does not seem to be a problem.

There are only 2 accounts at LimeFX, namely Real and Demo. Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Copy trading is a great option for beginner traders who can’t trade full-time or lack experience with Forex trading.

Desktop platform

The tools are technical analysis indicators and charts. LimeFX is a trustworthy broker that delivers full transparency and favorable trading conditions. Their platform is well-designed and offers an innovate way to trade Forex. In addition to all this, LimeFX has several bonuses and promotions that might be interesting for traders.

Plus, there are also up to 77% bonuses on a wide range of deposits made during the first 7 days of trading. The VIP trading package is equally enticing and includes valuable gifts, discounts on spreads, generous promotions and bonuses and special financial terms, among others. Another important aspect we consider when comparing brokers is the cost of trading. When evaluating trading costs, we always consider the minimum deposit required to open an account and the ongoing trading costs, including the spreads and commissions. When calculating trading costs, we measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit. The cost includes both the spread and any commission charged.

• The broker has introduced its own trading platform – LimeFXr Pro.
• In my opinion, it’s just a waste of time, as demo trading brings nothing to your life and doesn’t affect trading skills development.
• All video content is short, and quantity trumps quality.
• The bulk of assets consist of 280 equity CFDs, complemented by 13 index CFDs.

Now we encourage you to read about trading accounts as the part of our LimeFX review. The info in “About us” section seems to be transparent. LimeFX was founded in 2011 with its headquarters in Belize, Cyprus. This broker is already presented globally with 5 offices accepting clients from over 140 countries. Unfortunately, LimeFX does not accept US clients due to strict regulations. If you are curious to learn more about the company, you can open a pdf file on the LimeFX website that contains some additional information.

Unable to withdraw

LimeFX offers a limited choice of assets, placing it near the bottom compared to all brokers. LimeFX notes an investor compensation fund without providing details. It also has an office in South Africa but does not list an operating license by the FSCA.

LimeFX has better educational support than LimeFX. LimeFX offer educational support for more experienced traders and LimeFX does not. A standard account requires a minimum deposit of $250. Although, I appreciate that there are numerous deposit options available, making it convenient for clients from all over the world. All withdrawal requests go via the secure back-office, and traders can access it from the trading platform.

LimeFX Review

The first step merely asks for a name, e-mail, and phone number. Since LimeFX is a regulated broker, account verification is mandatory to comply with AML/KYC requirements. A copy of the trader’s ID and one proof of residency document usually satisfies this final step. We found the experience very friendly, and the site was definitely user-friendly and informative. Everything was very clearly explained, which is of course going to be a great benefit for beginners.

The broker has pleasantly surprised me with the quality of executions. The platfrom is webtrader which is rather intuitive and definitely is enough for daily market analysis and active trading. I didn’t have much reasons to test the support service, which I guess can be counted as an advantage too.

Therefore, all you will have to consider for trading is the broker’s spread. Finally, I think that a broker has to deliver fresh analysis and actual market updates for its clients. I can’t say i did’t have any experience at all when I started trading here.

In this case both LimeFX and LimeFX offer copy trading. It’s a pity the broker doesn’t offer any of the MT platforms though. limefx website So when I checked the conditions at LimeFX I treated it with cautions too because my experience told me to do so.

Some brokers also often offer interactive webinars where traders can learn from experts in the field. Trading with this broker is not very difficult, but I traded for a long time on a demo account to learn how to use all the LimeFXr functions. The trading platform has all the necessary set of tools for trading and analysis. Additional costs like non-trading fees, funding fees and inactivity fees are ranked below.

However, the proprietary platform gained numerous rewards, from both industry professionals and the traders, thus you may try and then never leave LimeFX platform. However, the trader will have a better price offering from the LimeFX broker as long as account size or type increases. Thus, the spread of the common EUR/USD pair is fixed to 5 pips in Standard Account, 3 pips in Premium and Platinum, 2 pips in VIP account. In fact, LimeFX through the long operation spread around globally while serving clients from a vast number of countries. As a recognized company in online trading with years of experience and worldwide presence, the firm confirmed its status by many awards and industry achievements.

LimeFX acts as a market maker, where all market orders are opened as contracts between the broker and the trader. There is no ECN or Direct Market access option; therefore, LimeFX has some amount of conflict of interest with its clients. Demo account helps traders study trading and test new trading ideas or strategies. Sometimes I come across new trading strategy on net and test it on demo account.

We found that LimeFX charges a withdrawal fee and LimeFX does not. Overall, LimeFX has better deposit and withdrawal processes than LimeFX. Below is a list of the most common review questions that traders ask about this currency trading broker. Right after joining this broker, checked out video tutorials, which are proposed here.

I’m not afraid to trade here and I’m not afraid to deposit big money. I am very glad that I found this company for Forex and CFD trading. And then I realized that it did not seem to me) This is so. In terms of LimeFX leverage offering, as there are two main regulatory obligations the clients of different jurisdictions will fall under specific levels of leverage. No, LimeFX considered safe broker because is authorized by CySEC to provide lower risk Forex and CFD trading.