LimeFX Forex Broker Review and Rating 2022 Detailed LimeFX information with traders reviews for 26 December 2022

One method is called “Bitcoin Cold Storage” for traders that prefer to trade with cryptocurrencies. It means that your digital money is not stored in LimeFX’s internet servers or any computer, rather inside an external device, away from online threats like hackers. We found the trading arena itself highly comprehensive, with the MetaTrader4 platform providing us with all of the required technical charting tools we required. We also liked the very fact that Eagle FX is familiar with Tier One liquidity from major financial institutions like Barclays and Deutsche Bank. This ensures that traders of all shapes and sizes are catered for, which again, is fully backed by Straight Through Processing . In the final a part of our Eagle FX review, we sought to explore the extent of customer support provided.

  • As much as trading on foreign exchange markets may be potentially profitable, it can also lead to significant losses.
  • The entire responsibility for the contents rests with the commentators.
  • It is especially beneficial for rookie traders because it provides the capacity to fully practice and test all the system tools and reenact trading strategies without the fear of losing real money.
  • MetaTrader 5 is the newest iteration of the popular MetaTrader platform.
  • Deposits to the live trading account can be made in EUR, GBP, USD, and Bitcoin .

No, but you may incur withdrawal fees from your payment processor, which are beyond the broker’s control. LimeFX currently offers the depositing methods of Bitcoin, Credit Card, Debit Card, and Wire Transfer. LimeFX warns that margin trading involves the potential for profit as well as the risk of loss. When traders use MetaTrader 4, they have a choice between three different execution modes namely instant execution, market execution, pending, sop orders, and a useful trailing stop function. For instance, should there be a 1% margin requirement on a position of $1,000,000, the trader must cover a margin requirement amount of $10,000. The margin requirement must be equal to or more than 100% for the position to be opened.

Distinctive features

Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. 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. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff. LimeFX only offers traders with the option of a single live trading account.

As a final note, the minimum deposit and withdrawal amount is that the equivalent of 10 USD/EUR/GBP. Next, we then explored what technical indicators we had at our disposal. We found the overwhelming majority of indicators by simply clicking on the ‘Insert Indicators’ button at the https://limefx.biz/ highest of the screen. This included Bollinger Bands, Moving Averages, Parabolic SARs, Standard Deviations, and even the Ichimoku Kinko Hyo. As such, highly experienced technical traders are fully catered for. It was recommended to me by a friend, LimeFX is far the best broker.

Unlike many other brokers, LimeFX charges a fixed commission on all trades, regardless of how much money the trader has deposited into his or her account. At the time of this writing, the current commission is USD 6 per lot traded round-trip, and with spreads also being fairly competitive relative to other brokers. Speaking of deposits and withdrawals, let’s see how you can make payments on/from your trading account at LimeFX.

LimeFX cheating

MetaTrader 4, also known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders. When it comes to the first LimeFX login procedure, you can easily create a retail limefx courses scam trading account, which offers you a bunch of trading benefits. For instance, you can easily select the preferred base currency within the registration panel, as well as choose the trading platform you’d like to use.

🧐 Is LimeFX a Scam?

Ripple is popular among big banks with the Ripple network a next generation real-time gross settlement system. LimeFX charges commissions from $6 per lot, round turn when trading. Trade a variety of assets at LimeFX and take advantage of uninterupted 24/7 trading. LimeFX accepts clients from all over the world, excluding some countries where restrictions apply.

LimeFX cheating

By design, however, MT5 was meant to meet the needs of non-forex and U.S. markets. In accordance with our research, LimeFX is an offshore unregulated broker. This alone does not mean it is a scam, but you should be even more careful with such a provider than with a regulated broker. In order to be sure that LimeFX is not a scam, read our trader reviews and check other popular trading related websites and forums. The source of this information is the website and the broker’s trading platform listed in the Web section of this review. The operator of this website does not verify this information and is not responsible for its accuracy, completeness, timeliness, truthfulness or the compliance of a broker with legal regulations.

Indeed, LimeFX has done that to a greater degree, and their reputation vigorously grew. They began by providing truly competitive spreads through the STP or Straight Through Processing tool, which is an electronic system for financial institutions to enable faster transactions. It assists in dampening market liquidity and volatility, which are the two main elements that affect the foreign exchange and CFD spreads. LimeFX takes pride in its tremendously fast trading process due to a unique feature called STP or Straight-Through Processing.

LimeFX Review and Information 2022

It allows you to trade in a virtual market and hone your newly-learned skills. Besides, even experienced traders can find great use of this account if they’re transitioning from one market or strategy to another. LimeFX was established in 2019 in Dominica and even though it is a new broker, it has become a popular choice limefx official site especially in African and Asian countries. LimeFX has strong partnerships with top LimeFX banks as well as dark pool liquidity execution venues, ensuring that traders have access to some of the best trading conditions possible. Our commitment to stellar customer service helps to set us apart from the rest.

In this sense, the website is as descriptive as it can get, listing all the payment options, as well as the conditions for them. After the website overview, we’ll move on to the actual trading terms and conditions that drive the whole thing. As mentioned earlier, LimeFX offers you multiple different trading instruments, including currency pairs, stocks, and even cryptocurrencies. The spreads that traders can expect from LimeFX are variable, which means that it can change depending on the financial instrument being traded and the market conditions on the day. Commissions are charged on certain instruments, often when traders are offered with variable or floating spreads, as the percentage charged counts towards the brokers fee for their services.

LimeFX cheating

The only research tools offered by LimeFX relates to the Daily Market Analysis and the Economic Calendar. For all other research tools, resources, and materials, traders can access MetaTrader 4, which offers a significant number of useful tools. MetaTrader 4 comes with a variety of powerful interactive charts provided in different styles and in multiple timeframes. There is a plethora of analytical functions that traders can use to refine their trading, including technical indicators and a variety of drawing objects.

Fees, commissions, and spreads

Another impressive feature that will be extremely helpful to beginner traders is the Guides section. It contains tons of educational materials, whether it’s website guides, MT4 tutorials, or mobile platform walkthroughs. In short, LimeFX does care about your maximum effectiveness in the market. Not only that, but the broker also allows you to select a swap-free account if you are Muslim. Since Islam prohibits trading, or doing anything, under a certain interest charge, Forex brokers go the extra mile to accommodate such requirements. Therefore, if you’re a carry trader and are restricted by your faith, worry not – LimeFX has got you covered.

Standard Trading Account

As part of their commitment to keeping costs low, there are no fees charged on deposits and withdrawals. Traders can fund a trading account and begin trading with as little as $10 and can do so using a variety of popular banking methods. LimeFX boasts one of the largest and most responsive customer support teams in the industry, offering 24/7 live support and guaranteed fast response times. Day, night, or weekend, a live agent is always available to help with any problems or to answer any questions. LimeFX offers unlimited demo accounts within which current and prospective clients can test the platform, practice strategies, or simply work on their Forex trading skills. Once the decision has been made to fund an account and begin trading, clients can rest assured that their funds are secure.

MARKETS, PRODUCTS, AND INSTRUMENTS

Besides, the profitability levels are still impressive, given how beneficial trading terms and conditions are. Therefore, the initial overview of LimeFX brokerage shows that it’s certainly worth trading with it. And finally, after the discussion about trading opportunities, we’ll determine how trustworthy these claims and the whole brokerage is.

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