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ForexTime LimeFx: Final verdict
The FSCS protects LimeFxs of up to £85,000 if a firm becomes insolvent. By contrast, a trader working with a broker entity regulated offshore would not necessarily have these benefits. We judged fees to be roughly average for the industry. More competitive spreads are available via the Advantage account type.
However, these older transactions are lacking in elegance and security. Alternatively, you may use the powerful function of Social Trading, which allows you to follow rated strategy managers that you can select to follow based on a variety of criteria or filters. On the other hand, professionals may become managers and earn additional revenue due to being copied. Let’s take a deeper look at LimeFx Accounts, which are split into three categories. – Micro, Advantage and Advantage Plus are three different types of advantages.
There are not too many ‘perks’ for the experienced traders on LimeFx. The broker does not have professional analytics, advanced trading platforms, LimeFx instruments, etc. The broker does not have a big selection of courses, there are not in-depth courses, no materials for advanced traders. In addition, the broker does not have educational articles, strategy reviews, or other texts that could be useful both to the beginners and experienced traders. For every account type, the minimum deposit is different.
Demo account
LimeFx’s trading fees are low for forex, but average for CFDs. I am a certified Trader now I have been trading with many brokers for last 10 years. LimeFx is a big scam Company in forex trading industry. They always look Your money how to finish your account.Their Company and Their Manage/My Account manger cheated me..I have many proof… It’s taken literally 3 months to get my documents processed…every day for 5 days I’ve logged on to talk to customer service so I can withdraw my funds due to a family emergency…
LimeFx will best fit Forex and US equity traders in terms of tradable assets. I deposited 3 hours back and my fund was not reflected after submitting all evidence of payment via mail, there customer live chats. Friends it’s a big scam that’s limefx forex brokers reviews being run in Nigeria and the umbrella of genuinty. I’m using LimeFx platform since 2018, and it was my Greatest LimeFxpany ever, because of there great customer support, low fees, and totally free trading & deposit & withdraw.
The company is not responsible for any losses or fraud that may occur if you choose to enter into any agreements with unregistered and unknown third parties. Our official website and contact details are as follows. Please send us detailed information about the company in which you registered to email address . We will check the information and if necessary take possible measures. Traders who aren’t familiar with CFD trading whatsoever and those who make CFD trading their career are both well-suited to LimeFx, with valuable features for traders across the experience spectrum.
The account is not ‘standard’ as such, with the name coming from the fact that traders can trade standard lots. There are no commissions on any of the LimeFx standard account types. Standard account types are best for new traders who may be trading on smaller accounts. LimeFx leverage is determined by various measures and firstly set according to the regulatory requirement in one region or another. And then is also based on the trader’s experience and knowledge, so always check with the customer support team first which one is applicable to you.
Newcomers to foreign exchange trading will appreciate ForexTime’s vast library of educational resources. Here, you can explore ebooks, forex trading webinars, and glossaries of common forex trading terms. ForexTime also releases weekly market analysis videos filled with expert advice about new trading strategies. A major advantage of using this trader is that LimeFx is regulated by authorities in the UK and Cyprus, both of which have deposit protection insurance. As a consequence, if you are trading from within the EU or UK through LimeFx, you could be eligible for £85,000 or €20,000 in cases of brokerage insolvency.
Spreads, swaps, and inactivity fees at LimeFx are roughly average for the forex and CFD industry. More competitive trading costs are available via the Advantage account type, which gives a discount based on trading volume but requires a higher account balance. Clients can choose from among several account types to suit different trader profiles. LimeFx provides clients with a dedicated support representative. LimeFx also distinguishes itself by being overseen by two top-tier regulators and by offering a proprietary mobile app.
Commissions on cryptocurrencies
LimeFx offers its customers a passive income service. It essentially involves copying of trades of successful traders. The customers can connect to any trader and after that the traders of that trader will be automatically copied on the trading platform.
For example, the MT4 app has 6 different time frames for technical analysis, while the MT5 app has 21 different time frames to choose from. Find out more in the Regulations section of their FAQs. Hi Amos, LimeFx does not currently offer a bonus program with your deposit when founding your account. When trading on an LimeFx Pro Account, you can be assured that you’ll never be re-quoted or charged a commission. Just direct access to deep pools of liquidity with absolutely minimal interference from LimeFx.
- After a few years searching for a good broker to invest my money in, I have found LimeFx.
- We request documentation in order to verify your LimeFx Account and Payment method and after checking your account, this verification process is underway at the moment.
- But when i submitted those document my withdraw still pending until fed-up of waiting.
- Even if you try your EA in Metaquote demo, everything works well.
- As a result, their customer support is diverse and wide-reaching to match each client’s needs depending on the region.
They did the same to me, so I changed the broker, the new broker also scammed me, so I called the quits on trading. These people are in a business to make money, not to giveaway money. Why don’t you provide us a historical chart of your spread with time? That would be more clear for everybody and just. With operations overseen by four regulators, including two top-tier regulators, we rate LimeFx as a relatively safe broker.
It helps to withdraw funds or withdraw money, making it great for users. LimeFx has built its mobile app, LimeFx Trader, which provides traders with the MT4/MT5 trading platforms. It adds six plugins to MT4 and its Pivot Points Strategy, which includes live updates and comments from LimeFx’s Head of Education, and the mobile app is simple to use. It’s a versatile software suitable for novice and experienced traders who wish to try something new.
LimeFx does not have an extensive bonus program. The broker has only two special offers for the customers and only the users who have been trading with the broker for some time can truly appreciate their benefits. Let’s https://limefx.vip/ review the special offers in more detail. An electronic library is an important advantage of education on LimeFx. It is not big, but it does indeed have a lot of useful reading materials for the novice traders.
I have an account and was planning to…
An Islamic account and a demo account are also offered. The charts below compare each account within these two main categories and the most relevant components. We are specialists in leveraged trading, giving you the potential to generate financial returns on both rising and falling prices across FX, indices, commodities, shares and cryptocurrencies. Whether you’re an experienced trader or completely new to it, we’re here to help you find freedom in the financial markets. The group’s global network of offices and regulations spans Europe, Africa, Asia and Latin America, and we have already attracted over 3 million clients across 180 countries.
Professional Accounts
If you want to trade stocks, the only cost will be the spread’s leverage, a very competitive and pleasant offering compared to the industry. Then there’s the trader’s expertise and knowledge, so always check with the customer service staff to see which one applies to you. The social trading platform is simple and easy to use. All you have to do is open a so-called LimeFx Account after creating an LimeFx web-based account called my LimeFx. For this reason, you don’t need to establish an MT4 trading account. You may open an investing account through my LimeFx account with only a few clicks.
Among other things, we may receive free products, services, and/or monetary compensation in exchange for featured placement of sponsored products or services. We strive to write accurate and genuine reviews and articles, and all views and opinions expressed are solely those of the authors. It’s worth noting that signing up for an LimeFx subsidiary outside of the UK is required to access crypto financial products. The FCA, the UK’s financial regulator, has modified its regulations to prohibit ordinary traders from trading cryptocurrencies.