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Read our honest LimeFX Review and find out if this broker is good!
January 10, 2022
Read our honest LimeFX Review and find out if this broker is good!

In addition to its excellent range of CFDs, XTB stands out for its choice of trading platforms and free features. XTB offers a choice of 2 trading platforms, its proprietary award-winning xStation 5 CFD trading platforms, which offers instant execution with an average trading execution speed of 85 ms, no requotes and MetaTrader 4. As forex and CFDs are derivatives and therefore complex instruments, trading comes with a high level of risk. LimeFX’s ‘tier 1’ regulators mean the trader’s funds are secure and the broker can be trusted by investors. The broker follows all local regulations, such as disclaimers and segregated client funds with additional protections in certain areas. Our review of the Foreign exchange / CFD Forex Broker LimeFX exhibits that they provide traders the traditional MetaTrader4 buying and selling platform.

LimeFX forex brokers reviews

They circulated advertisements on social media featuring falsified celebrity endorsements. As a result, the FCA came down on the companies swiftly and harshly with a complete ban, revoking the passporting rights that had allowed the CySEC licensed brokers to offer services there. The UK regulator believes that fraudulent advertisements may have led UK investors to lose hundreds of thousands of pounds. Since it has an offshore entity, we have to warn its clients to be very careful, because an offshore office usually means avoiding the regulation rules. LimeFX is relatively safe for the clients coming from the EEA zone. However, in other places it is operating under the regulation of Belize, offshore regulation considered highly unsafe.

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The SSL encryption protocol, applied by this company, helps the implemented systems for higher trading safety and connections. Various bonuses and promotions are provided to boost their clients’ profit and gain. Many former clients complained of withdrawal delays, and the broker themselves say that withdrawals can take up to seven working days, significantly longer than with comparable brokers. Trading Forex and CFDs with leverage poses significant risk of loss to your capital. This simulator provides analysis and profit-and-loss results on tested strategies. This allows detailed testing to be done quickly whether automatic or manual trading.

LimeFX forex brokers reviews

One should know that Forex trading or any other kind of trading involves high risks, and is not suitable for everyone. Before trading Forex or any other financial tool one should be aware of the risks, know exactly his LimeFX goals and limits and acquire a fine level of risk understanding and risk management. DailyLimeFX adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.

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For the month of the suspension, the broker would be unable to take on any new clients. They were also unable to run any advertisements for their LimeFX services. With Global.LimeFX, spreads are quite low, which means the broker doesn’t rob its clients of their funds. 0.7 pips on the EUR/USD Forex pair means that the price difference is very shallow and traders don’t lose an awful lot in trade commissions. With Global.LimeFX Forex broker you can get free access to mobile trading apps for both iOS and Android. This way, wherever you are, you can fire up an app in your smartphone and start trading Forex pairs, stocks, commodities, and indices in a single platform.

The minimum deposit is 250 USD/GBP/EUR.For inactivity of trading accounts are charged fees. Overall, the LimeFX broker offers powerful technical options to trade, along with automatic trading solutions that can be considered by many traders, as well the beginner traders. The variety of trading accounts brings possibilities to choose the most convenient conditions to you needs and strategy you use which is a good plus. CFDs on Commodities, Indices with leading indices from Europe, the US and Far East markets. CFDs on Stocks with popular and attractive shares from a range of local and international markets. LimeFX offers multiple instruments across forex, commodity, CFD, index, and stock markets.

  • They also have applications that can be installed on iOS and Android mobile operating systems.
  • Typically, the Forex market abounds with a diverse range of traders, including beginners, intermediate-level traders, seasoned pros, and institutions, so that there are many types of accounts on offer.
  • In addition, the FCA says that many UK investors were misled about the risks involved in trading CFDs, one of LimeFX’s primary assets.
  • The EUR/USD currency pair is the best indicator for a broker’s spreads in general.
  • There are also dedicated training courses dedicated to each level of trader experience.
  • This was followed by LimeFX who have ‘After work’ seminars to educate and keep traders up-to-date with elements impacting markets.

If this brokerage is run by individuals skilled in web-commerce and finance, these skills are not wholly obvious. Most services offered return a blank page and there is no excuse for that. This is further supported by the abnormally high loss rate listed at over 81.65%; other brokers range between 65% and 75%. Another misstep remains the listing of maximum leverage for professional clients, when the majority of traders if not all, will fall under the retail category. This company offers strong and highly reliable trading services on major financial market assets from Currencies, Commodities, Indices and Stocks through high tech trading platforms. WebTrader – This a web-based trading platform that is available for the traders at all times and places.

Webinars cover important, yet basic topics regarding trading and are offered a few times every week. Support can be contacted from Monday through Friday, 7 am to https://limefx.group/ 7 pm GMT, but many brokers do offer 24/7 support. The trading of gold and other precious metals involves hard commodities that are contract-based tradable goods.

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He’s played a crucial part in developing the site and helping it grow. In his role as writer and consultant, John’s keen to help others get ahead in the ever-changing world of binary options and forex trading. He’s always happy to advise others, whether it’s complete beginners learning the ropes or more experienced traders looking for some hints and tips.

  • This standard platform has a wide array of features that have made it the most popular choice for many online investors.
  • Hoch Capital Ltd is regulated by the Cyprus Securities and Exchange Commission while is governed by necessary regulatory requirements under for the provision of LimeFX services within EEA zone and beyond.
  • Since entering the world of work, he’s continued to put his degree to use.
  • The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the LimeFXpanies.
  • Established in 2017, Global.LimeFX is a brokerage that has become pretty popular on the internet.

In addition to low costs, Fusion markets offer ‘white gloves’ friendly customer service and leading technologies such as a blazing fast trade execution speed of 0.2 ms and MetaTrader 4 forex trading platforms. Unlike ECN or Non-Commission accounts, the best forex broker for beginners are fixed spread accounts that don’t have floating spreads. This means that traders know the fees a broker will charge over time adding certainty when training. Often fixed spread brokers also will have other risk management tools included such as guaranteed stop losses.

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They also have applications that can be installed on iOS and Android mobile operating systems. Because of the comfortable trading experience, I am giving them a Platform score of 9/10. When the Rip-off Broker Investigator critiques a CFD Foreign exchange Forex Broker to see if they’re a scam or legit, the very first thing we search for is a legitimate Forex Brokers license. The primary cause traders all the time use a licensed and controlled Forex Broker is to ensure that your funds are secure and stored in segregated accounts. The gold, platinum, and Islamic accounts also come with a manager who’ll facilitate the relationship between the trader and the brokerage company. And you can set up your account within minutes as soon as you’ve uploaded the documents required.

However, you should always click on the ‘view website’ button and review the information on the site first to ensure the broker suits your trading needs. Check out our in-depth forex guides to learn more about the forex trading industry and about the best forex brokers. Our guide to the Best Forex Brokers for 2022 is a great resource for traders who are looking for a forex broker, and our Beginner’s Guide is a great starting point for newer, less experienced forex traders. Furthermore, Global.LimeFX broker offers floating spreads for all real account types. There is nothing bad in floating spreads and most of the time they will be lower that fixed spreads offered by other Forex brokers.

  • The library is expanded with free EA’s and other tools, but traders should be extremely cautious.
  • The drop-down menus are specific enough to help you get the information you need quickly and effectively.
  • The brokers used misleading marketing and promotion strategies which resulted in numerous complaints and has failed to carry out appropriate assessments of the compatibility of its products and its customers.
  • CTrader by Spotwareis an all-in-one CFD and forex trading platform with enhanced tools and features.

They are also operating in accordance with the guidelines of MiFID in the European Union. Aside from offering the chance to trade forex via a suite of MetaTrader 4 platforms, they also provide a great deal of package for their clients. Are they able to offer something new and competitive in this marketplace? No, LimeFX is positioned toward more experienced traders as its initial minimum deposit is fairly high and it does not offer as many educational tools as other brokers.

In our opinion, this is a healthy amount that doesn’t go too overboard while it’s also not too low to make us suspicious. Speaking of deposits, there is a diverse platform limefx official site of financial mechanisms used for payments. The Islamic account, also known as swap-free, is designed especially for Muslim clients who follow the rules of Sharia law.

You can use your Visa, Mastercard or pre-paid cards, to top up an account as well as send the funds via a wire transfer. It is, also possible to deposit using popular e-wallets like Skrill or Netteler. Instead, the price for selling euros and buying dollars for you would be smaller than the price for buying euros and selling dollars .

It’s my the second brokerage and it’s better than my first one in all regards. Forex brokers which do not provide research tools are usually geared towards seasoned and professional traders, who will rely more on the broker’s analytics offering to execute trades. As a customer, you can enjoy full 24/5 support and a variety of financial services which encompass Forex and stocks, commodities and indices. The presentation of the MT4 trading platform constitutes another critical failure that sums up what LimeFX has presented consistently.