While there is nothing particularly fishy about trading with a market maker. There are several things that we don’t particularly like about LimeFX trading that we believe the company can improve upon. If you’re in Kenya, you will most likely sign up for LimeFX Trading services using the LimeFX Global Franchise. This particular franchise is regulated by the International Financial Services Commission .

LimeFX Review (2022) – Securities.io

LimeFX Review ( .

Posted: Sat, 21 Nov 2020 08:00:00 GMT [source]

The Standard account allows you to operate with standard lots and it also has a minimum initial deposit of $5. Finally, the LimeFX Ultra Low account allows you to operate with standard lots, lower spreads starting at 0.6 pips and it has a scammed by limefx minimum initial deposit of $50. The LimeFX ZERO account allows you to operate with standard lots, lower spreads starting at 0 pips and it has a minimum initial deposit of $100. This account type has a $3,5 commission per $100,000 traded.

Trading Terms And Conditions

The account opening process is easy, has low transaction and trading fees, awesome customer support, and a lot of great offers/bonuses for new traders. We also examined financial platforms available on the website. The broker supports all the traditional, as well as alternative payment methods, which makes it easy for all sorts of users to make deposits/withdrawals with their own platforms. And what’s more, none of the transactions have commissions.

You can trade this account with a minimum investment of $1. Major currency pairs on LimeFX Forex broker platform can be traded with a minimum spread of 0 pip. The final aspect of our review will be the actual limefx scammers numbers and offerings on LimeFX. As the broker claims, all live accounts come with exceptional trading terms and conditions; and what is our job other than to examine those claims and prove their legitimacy.

LimeFX forex brokers reviews

With a minimum deposit requirement of 5USD only, LimeFX Forex broker has managed to open its doors to all types of traders, both novice and experts. A) There is a no-deposit $30 account bonus which is given to new traders to be able to get a feel of what the market is like when trading with real money. The purpose of that test is to show what is the execution quality, and what slippage should traders expect from LimeFX.

LimeFX Bonuses, Minimum Deposit, And Payment Platforms

When you actually enter LimeFX’s Research & Education section, you’ll find lots of different materials, whether it’s seminars/webinars, market news, research tools, or Forex calculators. Basically, you’re trading and learning Forex all at the same time. The obvious choice for many beginners, as well as experienced traders, is MetaTrader 4, which is available to the platform with all its glory, including the Expert Advisor feature. Expert Advisor is an automatic trading mechanism that allows traders to program the software in a way that it automatically executes, as well as modifies positions. Unfortunately, the proliferation of online resources doesn’t make the situation any easier. Scam brokers can easily set up a platform, think up some of the most lucrative offerings, and attract lots of new clients.

The company supports 18 languages and has up to 28 instructors who serve on various capacities. The broker also ensures that their platform is free from re-quotes. LimeFX works round the clock to ensuring that its features are always innovative and progressive with respect to time. C) The BIG FREE trading contest is free to join and features a guaranteed prize pool of $500.

LimeFX forex brokers reviews

The minimum deposit/withdrawal amount is 5 USD for multiple payment methods supported in all countries. However, the amount varies according to the payment method you choose and your trading account validation status. You can read more details about the deposit and withdrawal process in the Members Area. Looking for an independent and professional Forex brokers review? Our researches will help you find a broker supporting all financial instruments you may need. It will also help you choose the best trading platform for your manual or automated trading.

The LimeFX platform is going to be a thrill to use for those who want to partake of the special features and simplicity of the MT4 platform. The trading contests can also be a good mechanism for traders to make money and add to their trading capital. With an array of deposit and withdrawal methods of transaction, traders can also transact on their accounts in many ways, giving them versatility.

D) Finally, there are several seasonal bonuses and some other invitation only bonuses. Miroslav Georgiev is Senior Risk Executive with 20+ years of professional wide-ranging experience in multinational LimeFXpanies. Take part in Global setup and development of Forex and CFD being an active part of the Business Team. We found that there is consistent small increasing in the execution times from 5 AM during the whole EU session. It is reaching its peak at 10 and it is getting lower towards the open of the US session. The difference is just around 100ms, which is not significant.

For those who want to join and upgrade their investment strategy, Yield Nodes is the solution. The broker is registered under the umbrella company name of Trading Point of Financial Instruments Ltd. Withdrawals are processed in 24 hours for all methods of transaction.

LimeFX LimeFXpany Details

Besides this, the company does not restrict its users on the amount of money they can deposit. This means traders have the freedom to deposit any amount they wish to trade limefx official site with. This broker strives to offer excellent trading conditions for all its clients. It appears that they are doing really well in this area of service delivery.

  • We then moved to the account packages and found four live, as well as one demo account.
  • A) There is a starter contest so that traders can get to see what trading contests are like.
  • And while there’s no shortage of scammers, by no means does that mean that there are only a few credible brokers out there.
  • So, the initial overview of the LimeFX Group has shown us that the broker has really thought through everything on the platform.

With so many rewards and incentives already, you might think that LimeFX could not be any more generous, but you would be wrong. In addition to this we will also offerhighly exclusive bonusesthat will be made available on an invitation only basis. Since they support MT4, you already know that EAs are welcomed too. So if you’re looking to trade on MT4, the available platforms are Web Trader, Mobile Trader, MT4 for Mac, iPad and Android.

Full Review

B) There is also a two-tier account opening bonus, which requires a deposit to activate. Traders can get 50% of their account deposit up to a maximum of $500, as well as an additional 20% bonus when total account deposits total $5000. The clients could choose between Meta Trader 4 and Meta Trader 5. LimeFX also offers different types of these platforms – the clients could access them from Desktop , Mobile , and Web Trader.

LimeFX forex brokers reviews

LimeFX offers both traditional, as well as more alternative payment platforms, randing from credit/debit cards all the way to Neteller and Moneybookers. Both methods are advantageous in their own way and offer high flexibility to the users. The foreign exchange market is more active than any other financial market in the world, with over $5 trillion swapping hands every day. This guide is focused on assisting US traders in finding the best forex broker for their style of trading. These platforms have to support the market, trailing stops and limit orders. Besides MT4 and MT5 platforms, LimeFX Forex broker offers their web trader platform which speeds up trading by ensuring that users can trade everywhere with great ease.

On its trading platforms, you have the choice of trading hundreds of instruments including forex pairs, CFDS, equity indices, energies, and precious metals. The broker supports more than 25 payment methods to fund and withdraw money from your account, and luckily for Kenyan traders, Mpesa is one of those payment gateways available at LimeFX. We break down the best us forex brokers for commissions & spreads, trading platforms, execution, and overall quality. All of the top forex brokers we cover are regulated and licensed in the US by the National Futures Association and meet a strict set of criteria, ensuring protection from forex scams. Trading financial instruments carries high level of risk to your capital with the possibility of losing more than your initial investment.

Maximum Leverage

Finally, we moved to the trading terms and conditions, reviewing lucrative offerings of leverage, spreads, various bonus promotions, and very loose minimum deposit requirements. All of these numbers further proved us right in our positive assessments stock exchange of the broker. The spread is the most most important cost for active traders. We did deep and comprehensive research in order to measure the spread . As the quotes from forex brokers are indicative, it is important to measure the slippage .

Commodities include eight instruments like Wheat, Cocoa, Sugar, Corn, and others. The list of equity indices contains 18 of the biggest world indices. The clients of the broker could also trade GOLD, SILVER, Oil, and Natural gas.

It will take you less than 10 minutes to register and start trading forex with LimeFX Forex. The same goes for the LimeFX withdrawals; all the platforms mentioned above are available for getting your funds to your bank or e-wallet account. What’s more, there are no commission fees on credit card/e-wallet deposits or withdrawals – traders get exactly what they ask. The stop-out level occurs when a trader has neglected the margin call, continued on the downward slope of losses, and further reduced the account balance. This way, the broker initiates the stop our – starts closing positions until the balance is restored. LimeFX initiates this level at 50% margin level – when the available equity is five times less than the margin taken by the broker.

This enables them to provide tight spreads, thus clients can enjoy the most favorable quotes while trading on the platform. Deposit limits are set at a minimum of $5 for all methods Market (economics) except for Western Union and Moneygram which have minimum deposit limits of $100. A) There is a starter contest so that traders can get to see what trading contests are like.

Can LimeFX Be Trusted With Its Triple License Setup?

But if they don’t want to do that, they can use the leverage to control larger positions with smaller deposits. Yet the broker doesn’t lend money to its clients just like that. Therefore, it’ll ask a trader to have a certain amount of money on their account to open a leveraged position. Another important feature we need to discuss is the margin. The margin is closely tied with leverage and together, these two features make it easy for traders to buy more securities.

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