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HomeUncategorizedLimeFX Review, Forex Broker&Trading Markets, Legit or a Scam-WikiFX Score:1

LimeFX Review, Forex Broker&Trading Markets, Legit or a Scam-WikiFX Score:1

One major form of trading is through a contract of difference that offers commodities, forex, indices, stocks, and crypto trading. They also offer Metatrader 4, which is very useful for new and experienced traders. This broker provides market insights by researching and analyzing the market. Both LimeFX and Trading212 offer powerful trading apps which are available on Android and iOS devices. The two trading platforms are regulated and offer hundreds of CFDs, including cryptocurrencies and commodities. Moreover, both platforms share similar fee structures and do not charge commission fees on trades.

On top of that, LimeFX offers helpful tools like an in-depth market news feed and an integration with SignalCentre to help you trade better. LimeFX is a well-established broker, suitable for different types of investors, but the use or navigation through the platform may be more difficult for some traders. However, traders are likely to enjoy its commission-free trading, good customer support, a wide range of assets on CFDs. 74-89% of retail investor accounts lose money when trading CFDs. You should ensure you are aware of the risks involved in trading and if you can afford to take the high risk of losing your money. Since its launch, LimeFX has continued to grow and offer trader innovative features and access to over 250 tradable instruments.

  • MT 4 platform and the mobile trading app is available to get access your trading account from anywhere.
  • The broker is operated by FXBFI Broker Financial Invest Ltd, which is regulated by CySEC.
  • The entire responsibility for the contents rests with the contributors and commentators.
  • What you would like to see in an efficient online brokerage firm?
  • The maximum amount of compensation that may be paid to a covered client is EUR 20,000 for covered service.

LimeFX is a new, yet well regarded, forex broker that has been operating since 2020. Based in Cyprus the broker owned by FXBFI Broker Financial Invest Ltd. It caters to clients in the EU, EEA, and Switzerland under a license from the Cyprus Securities and Exchange Commission . This is very pathetic and I felt so bad losing my LimeFX. I did a due diligence test before investing with them but guess what I ended up getting burned.

I like the range of financial instruments offered by the broker. You need to spend only 10 to 15 minutes in the account opening process. Some brokers may offer a wide variety of trading products, while other brokers may specialize in one area, such as foreign exchange. Traders should trade with well-regulated brokers and reputable brokers.

LimeFX launched a new account tier this year called bronze trading account. Spreads are pretty much the main way the platform earns the bulk of its revenue. As previously mentioned, spreads become progressively thinner as you move up from SIlver to Gold and then Platinum accounts. It is that kind of account which enables the traders to practice their strategies by using digital funds.

MetaTrader 4 desktop application

The broker offers free demo account with 100k virtual currency. You have to visit official website of LimeFX and sign up and get free access to demo account. The mobiles we all use daily are the most comfortable and reachable option for CFD trading online. The trading platform is accessible and could be used on different devices using the browser. LimeFX broker does not charge any kind of commission or deposit fee from its clients. This is because traders are not supposed to pay commission for their trade and can freely enjoy the perks of the trade.

Offering CFDs, both LimeFX and Plus500 offer a similar asset to trade with CFDs ranging from cryptocurrencies to Forex and commodities, stocks, indices and metals. The platforms’ fees are similar, as are most of their payment methods. As we have discovered during our review, LimeFX is a reputable broker that offers you accessible terms and a good trading environment. By registering for an account, you’ll have the opportunity to trade hundreds of instruments, including CFDs on forex, stocks, commodities, Index, metals, and even cryptocurrencies.

Alerts can be pushed to your device’s home screen, making it easier to stay on top of the market without constantly watching the charts. One thing to note about LimeFX’s demo account is that it requires you to set up a full brokerage account and to make a $250 initial deposit. As a result, the demo account isn’t a great option if you simply want to test out LimeFX before committing to the platform. The WebTrader platform’s charting interface was simple to get started with, although it isn’t the most powerful technical trading software we’ve seen. You can choose from a handful of different chart types, including standard candlestick, line, and bar charts. WebTrader allows you to place orders without leaving your charting window, but you don’t have the ability to create orders or price alerts simply by clicking on a chart.

Meta4 is the trading platform used for mobile, web, PC as clients can access it globally. LimeFX provides you with the opportunity to trade over 250 financial instruments, including CFDs on forex, stocks, commodities, cryptocurrencies, indices, and metals. The broker also supports MetaTrader 4, boasts a wide range of research materials, and offers three different account types.

When trading CFDs, there is a higher chance that traders lose money rapidly, due to leverage. Between 74% – 89% of retail investor accounts lose money when trading CFDs with LimeFX. You should ensure that you understand how CFDs work and be able to afford any potential losses before investing in such instruments.

  • While we’d like to see more technical studies made available in WebTrader, the platform’s ease of use and flexibility makes up for any shortcomings.
  • If you are a new trader dabbling in CFDs, you certainly want to drop anchor with the right broker from the get-go.
  • Broker claims on its website that it complies with KYC and AML (Anti-Money Laundering) policies and standards.
  • Despite having a relatively short history, LimeFX has already acquired hundreds of clients.
  • With that said, and at the risk of repeating the obvious, you also have to keep in mind that CFDs are inherently complex financial instruments.

When you go to withdraw money from your account, you can withdraw using any of these same payment methods. LimeFX’s economic and earnings report calendars are much less impressive than the broker’s news feeds. You can’t look ahead to the rest of the week or the rest of the https://limefx.club/ month, and there’s no way to sort data by event type or country. MetaTrader 4 also lets you use built-in or custom indicators to build forex signals or forex robots. Alternatively, you can turn to the MetaTrader marketplace to buy already made signals with proven track records.

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What’s more, these products come with competitive spreads and zero commissions. LimeFX also offers ultra-fast execution speeds, educational resources, and tools that can boost your potential, such as indicators and signals. LimeFX offers brokers access to a comprehensive limefx official site educational section. The educational section is geared towards to different types of traders to enhance their skills and knowledge. Yes, LimeFX is a trustworthy and well-established broker. Additionally, LimeFX is a member of the Investor Compensation Fund.

LimeFXforex broker

A comprehensive list of supported countries is not currently available on LimeFX. However, you can check whether your country is allowed during the initial sign up process. Please note that the Company’s policy is to refund back to the source of the original deposit. • Margin level after the withdrawal is processed should always be above 100%. LimeFX has added feathers in terms of awards like the best cryptocurrency broker, the best new broker in Europe, Finance Magnates Listed FMD and many more. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.

Supported

This is to create awareness, not everybody can be as lucky as I was. Thanks to a recovery specialist, she’s a private investigator and wealth recovery expert…Contact her on Hack-assets via google mail for more inquiries. Email; (), Thought someone might find this information useful. Deposits and withdrawals can be processed within 2 to 3 days by the Broker. The range of markets includes multiple products such as forex CFDs, cryptocurrency CFDs, commodities CFDs, stocks CFDs, index CFDs, and metals CFDs. WebTrader – a browser-based trading platform with quick-click functionality.

  • LimeFX is a MetaTrader broker, which means that it supports all versions of the world-leading software.
  • WebTrader is a trading platform that enables traders to have access to the market without needing to install extra applications to their devices.
  • The trader is also required to set a password for the account.
  • You need to spend only 10 to 15 minutes in the account opening process.

When using the WebTrader, traders get access to various features including analysis tools, charting tools, all from their modern web browser. Using the MT4 downloadable application, traders have access to one of the most reputable trading platforms. The platform has been around for over ten years during which time it has earned a reputation for being reliable, secure, and comprehensive.

nvesting fees

AppAdvice does not own this application and only provides images and links contained in the iTunes Search API, to help our users find the best apps to download. If you are the developer of this app and would like your information removed, please send a request to your information will be removed. First things first, let’s start our in-depth LimeFX review by checking out the broker’s background and regulatory measures.

LimeFXforex broker

In addition to tons of built-in research tools, MT4 also allows you to take advantage of the biggest trading community in the trading industry. Here, you can find extra indicators and robots for automated trading. For your safety, LimeFX also offers you fund security measures, such as negative balance protection and account segregation. The broker is also a member of the Investor Compensation Fund (“ICF).

Regulations and License

Even though the platform offers an extensive range of tools and trading platforms it charges competitive fees. If you feel that this broker is suitable for you, you can become LimeFX trader today. At the same time, all accounts needed a minimum deposit of $250. The broker offers commission-free trades across all the account types. It also provides a wide range of base currencies which includes AUD, GBP, USD, EUR.

Whilst the platform lets you invest in Bitcoin CFDs you are not able to buy or sell actual Bitcoin on the site. • Free Margin level shall be more than 100% in order to submit the withdrawal request. LimeFX will go through your information and documents and will assess your eligibility and therefore proceed with your account verification. The features and functionalities of the MT4 Web Trader on LimeFX are very similar to the desktop version. Available in over 18 languages, the web version is oftentimes seen as more convenient, and both versions are equally safe.

According to me, the account opening process is a little bit complicated. I started doing trading with LimeFX from last year, I haven’t found any difficulties. The first few challenges can be what looks to be a complex mobile or online trading platform, difficult-to-understand LimeFX terminology, and perplexing cost arrangements. Apart from this, the broker uses the segregated bank accounts of the top financial banking institutes for depositing its clients’ funds.

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