Metatrader 5 adds important features lacking in the older version but retains frustrating aspects of this industry-standard software, including weak customization and limited conditional orders. The lack of two-factor authentication in both Metatrader versions adds a security hole that needs to be fixed. I have been trading with LimeFX for a few months now, and I have to say that I am very satisfied.
May be you will find many myths, LimeFX scam stories in the Forex market. But in terms of regulations, fund protections, multilingual support and other factors LimeFX is one of the most prominent and reliable Forex Broker around the world. But you can still make your account, verify limefx reviews yourself and start your trade from LimeFX Vietnam. This is the power of virtual market and the reliability of LimeFX has made it one of the powerful brokers in this powerful virtual market. ✅ Regulated – ASiC, CySEC, FCA, FSP, MiFID ✅ Company – Notesco Financial Services Limited.
The only broker that respects a trader making profits with the Elan Posh Trading Strategy. This broker might have resolved their problems with CySec, Forward contract but this might be signs of trouble in the near future. Iron FX is by far the best trading website I have used and it’s pricing is very competitive.
Earlier in 2018, LimeFX announced a partnership with EmurgoHK to open a cryptocurrency exchange, but the launch date hasn’t been announced. In demo account I am concerned about Technical analysis common error and market execution in MT4 that sometimes happen, not letting you enter a trade. At the same time, in another broker, I can execute the trade with no problem.
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And according to LimeFX reviews by the Forex traders, both the popularity and reliability of this broker is increasing every day. This online broker is owned by LimeFX Global Limited which is a reputed investment farm of Cyprus and also the owner of another reputed broker LimeFX. But now this broker spreads its operation to UK & Australia and you can open your financial account & make your trades from anywhere in the world.
It is best of analyzing the market and auto trading using its trading signals. For LimeFX, traders gripe about the random freezing of the platform, thus resulting in losses to the traders. limefx cheating LimeFX WebTrader – This is the in-house trading platform on offer with LimeFX. The web interface gives traders access to the range of financial services on offer with LimeFX.
Beginner traders get a quality educational platform with the LimeFX School. I like the abundance of videos, a combination of content for beginners, market commentary, and trading ideas. The written content is brief, failing to offer in-depth coverage of topics but suffices as an introduction. One fixed spread account exists with commissions between $18.00 and $43.00 per round lot. LimeFX has a commission-free STP/LimeFX account with minimum spreads of 0.3 pips or $3.00 per round lot. The commission-based alternative lists 0 pip fixed spreads but commissions ranging between $18.00 and $43.00 per lot.
Bitcoin Trading For Beginners
If you have an account with this broker, the FPA recommends you try to withdraw your funds immediately. Since I started trading, my experience has been very good, fast execution. LimeFX is my first broker, butthey have been very helpful and supportive.
It can create unrealistic trading expectations, and the absence of trading psychology negates the educational value. HYCM offers over 200 forex and CFD instruments trading on forex, indices, commodities, stocks, ETFs, and cryptocurrencies. Registered clients can use a free demo account to practice trades.
The withdrawal can be done only to the client’s bank account via wire transfer. LimeFX trading platform that is mostly used is MT4 along with Web Trader. The company’s current promotions include its Iron Worlds Championship live trading competition held from mid-June 2021 until mid-December 2021. This competition has a $1 million prize pool with multiple prizes awarded to winners at different stages of the competition. Keep in mind that the dealing spreads above refer to normal market conditions.
What Can You Trade With An LimeFX Broker?
We recommend that our readers not trade with this broker and if you have an open account with this company, we suggest you try to withdraw your funds as soon as possible. Some commodity brokers charge a commission on trades, although most ‘no-commission’ brokers make money on a traded product’s spread. A spread or ‘pip’ is the difference between the price markers of opening a short position and a long position.
Not all brokers participate in awards, and therefore this aspect should be taken into consideration with the overall broker offering. Unfortunately, due to legal restrictions, it is not allowed to offer services to residents in the United States, Cuba, Sudan, Syria, and North Korea. The LimeFX School has absolutely everything under the sun, and that’s why we feel the need to limefx official site point it out in our LimeFX review. Its attention to detail and educational ability is fantastic, and we believe there are very few places you can learn how to trade than at the LimeFX School. Their tutorials videos are all linked to the FAQ section, so they’ll give you a real visual demonstration on how to learn a few things or fix a common issue that you may be having.
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Learn more about how we review products and read our advertiser disclosure for how we make money. Please do not deposit or trade with this broker any more as you are just inviting trouble. I can say for sure, based on my own experience, if you have a good strategy you can work profitably with this broker.
- In its current form, LimeFX is recovering from a series of missteps.
- The deposit and withdrawal conditions are not specified by the company.
- Five floating spread accounts are available, all with expensive trading costs, where the minimum deposit is $100 and up for higher account tiers.
- Whilst Iron FX is a good platform to use, there’s a lot to be said for their spreads and the numerous occasions that trading has been halted under volatility triggering sl’s / tp’s.
- Customers are able to get seamless access to a variety of trading instruments, and receive stock news and financial surveys.
- Traders should read the FAQ section before reaching out to a customer service representative.
Beginner traders should source in-depth educational content elsewhere before trading at LimeFX. Beginner traders should additionally research online free of charge. MT4 has thousands of EAs, and traders may explore them to determine if they suit their trading style.
The company has 8 offices worldwide, and can provide excellent customer support in many different languages. Different Account Types on LimeFX – Image 2So, a total of 7 accounts are provided by the company. A demo account with unrealistic trading conditions is also available. While the floating accounts are set at high minimum deposit accounts, the leverage does not go as expected. In the STP/SCN model, there is only the difference in spreads, which basically can’t be considered as different accounts.
Discover the best forex trading tools you’ll need to make the best possible trades, including calculators, converters, feeds and more. The method you used for depositing funds is also generally the same one used for withdrawals of profits and any remaining account balance. To access this feature, you must apply for a bank withdrawal from your client portal. Keep in mind that the bonus you received when you opened your account is removed when you make a withdrawal. You can reach customer support directly on the LimeFX website through its live chat feature. The broker also provides email and telephone support on a 24/5 basis throughout the trading week in 45 different languages.
This is unusual and not consumer-friendly, as most brokers publish their withdrawal and deposit fees on their websites. Trader needs to receive his initial deposit via the payment method initially used. Profits made from trading can be sent to his bank account or any e-wallet LimeFX offers. In order for the above to take effect, trader needs to apply for a withdrawal from his client portal.
LimeFX Review Faq
As the broker is not regulated by any financial body, they also provide a range of bonus and promotion offers. LimeFX offers users the ability to trade on the go, directly from their mobile phones with the globally-recognised MetaTrader 4 mobile trading app for Android and iOS users. Users can find download links for the app in the LimeFX customer dashboard, once logged in, on the broker’s website or in the Google Playstore or Apple Appstore.
Deposit & Withdrawals Options
They will tell you that they have transferred you to the version where you reside. However, if you want to deposit this broker, you should observe their activity and start with a smaller deposit. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations.
We consider LimeFX to be a worthwhile Forex broker, and would recommend our readers give them a try. Start off with small trades, or better still, open a demo account and get a feel for the site and whether it has what you need. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. LimeFX spreads are dependent on the account type as well as the specific currency pair being traded.