The company offers seamless access to various financial markets with attractive trading conditions. LimeFx also offers competitive trading conditions that cater to the individual needs of a variety of forex traders, despite whether they are beginners or professionals. Yes, LimeFx offers an Education Section that can be accessed by forex traders free of charge once they have registered a trading account. The mobile version of LimeFx has the same technical indicators and trading instruments as the desktop version.
LimeFx operates as a true ECN Forex broker, but it also offers standard accounts for beginner traders who do not want to deal with paying commissions on each transaction. Currently, they list a total of 5 different types of accounts that you can open with LimeFx. The company’s primary LimeFx product is CopyFX, its proprietary copy-trading system that has been in operation since 2012. CopyFX provides a safe and transparent environment for traders to either share or replicate strategies (copy those of other traders). It offers plenty of settings for trading flexibility and does not require networking needs such as low ping or VPS to join. Leverage can be chosen when forex traders register for a trading account and adjusted when they log into their member’s area and go onto their profile settings.
Reliable,Fast,best support, low spread, normal commission.
In this review, you can find all the information you need to decide whether LimeFx is the right broker for you. Our expert team has thoroughly explored the broker, using a tested methodology and scoring system. This process places importance on the things we know matter most to traders. Below you can see how LimeFx scored in each of our high-priority categories. LimeFx does not levy internal costs for deposits or withdrawals, and the secure Members Area handles all financial transactions.
At LimeFx, the money obtained by the cashback rebates feature is permitted to be exchanged according to the users’ needs. 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.
Additional measures LimeFx uses to protect client funds include two-step authentication using short message service (SMS) and mobile apps to safeguard personal information and funds from cyberattacks. The company’s webpage also utilises a secure socket layer (SSL) protocol to ensure privacy, authentication, and data integrity. Furthermore, LimeFx uses email verification and takes up to two working days to verify client documents, ensuring the authenticity of their profiles.
LimeFx also deploys its proprietary copy trading platform, is home to the best pricing environment, and grants industry-leading traders protection. Beginner traders get quality research but little education, while LimeFx maintains a generous bonus and limefx website reward program. LimeFx also hosts demo trading contests, but I advise against entering them, as they promote the wrong trading behavior in a risk-it-all to qualify for cash bonuses. Terms & conditions apply, and traders should consider them carefully.
Moreover, as mandated by the IFSC, all brokers in Belize need to keep client funds in segregated accounts. Hence, in the case that LimeFx’s operation goes belly up and the company files for bankruptcy, client funds remain safe and traders can claim their deposits from the LimeFx’s deposit bank. Payment remains commission-free, but the broker provides commission-free withdrawals twice per month; on the first and third Tuesday, all withdrawals are automatically free of charge. Plenty of payment methods are available offering prompt processing.
They do offer other trading platform if you wish not to use MetaTrader 4/5. Most of the company account types listed above can be initially opened as demo accounts. This allows traders to explore and test the features of each account before deciding to fund a live account of that type. LimeFx Ltd is a financial brokerage company that has been operating since 2009.
How Are You Protected?
Online trading involves significant risk, and you may lose all of your invested capital. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only. So if you adhere to using high leverage levels with the purpose to maximize your gains, LimeFx definitely will assist you. Leverage may increase your potential gains timely through its possibility to multiple initial accounts, yet make sure to learn how to use leverage correctly, as leverage may increase your potential losses too.
- As for the payment methods, you can choose between
Skrill, Credit/debit cards, Neteller, UnionPay, Western Union, Perfect Money, Boleto Bancário, Local bank transfer, AdvCash and AstroPay.
- On H4, the quotes are above the 200-day Moving Average, indicating the prevalence of an uptrend.
- Depending on your geographic location, the order filling time will vary due to latency issues.
- Besides lots of currency pair,
LimeFx also offers some instruments you would like to trade on, such as
Forex, CFD and Metals for your best choice.
- I rank the commission-based pricing environment at LimeFx among the best industry-wide.
- They closed and blocked my accounts and when I tried to contact them and see what was happening they told me that a third party opened my account and traded with my money and it was all my fault.
Leverage is a trading tool offered by brokers to allow forex traders to open larger positions despite the balance of their trading account. Leverage lowers the margin requirement, amplifying potential profits while it can also increase losses. I opened an account with LimeFx almost two months ago and deposited more than 6k and I had no issue until a suspicious activity happened in my trading account that costed me more than $3600. I did one trade that day and when I opened my trading account a few hours later I found $400 and one open trade. I asked the customer support to close the trade and let them know about what happened. They closed and blocked my accounts and when I tried to contact them and see what was happening they told me that a third party opened my account and traded with my money and it was all my fault.
Does LimeFx offer the cTrader platform?
The alternative methods are Skrill, Neteller, FasaPay, UnionPay, WebMoney, Perfect Money, Qiwi, and other similar online payments. Tier-2 jurisdiction provides LimeFx with the license to operate in British V.I., Cayman Islands, Cyprus, Italy, Malaysia, Mexico, Poland, Portugal, Spain, and Taiwan. When compared with the ECN-FIX SPREAD NDD with a fixed spread, the difference is obvious in favor of the ECN-PRO NDD account with a floating spread and Commission.
- It also offers MT4 and MT5, a comparison of the platforms can be viewed here.
- 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.
- Yes, LimeFx offers a comprehensive forex traders Dashboard that provides forex traders with access to analytics, the economic calendar, blog, education, and a wide variety of trading tools.
- The assistance from the customer support team is available 24/7 through email, social media, live chat features, and WhatsApp messages.
It also has traditional notifications in the form of graphic insights and 50 technical indicators to choose from on the spot. The cashback rebates offered in the VIP program of LimeFx are up to a 40% payout percentage. Moreover, there are no restrictions as there are VPS server accessibilities.
Customer Service Rating
Besides, clients can also follow up with this broker on some social media platforms, such as Facebook, Twitter, Instagram and Youtube. There are no deposit fees, but withdrawal fees may apply depending on the payment method used. For example, withdrawals through AstroPay are subject to a fee of 0.5%, and withdrawals through Skrill and Neteller are subject to a fee of 1% and 1.9%, respectively. Withdrawal fees through VISA, MasterCard/JCB/CUP are subject to a fee of up to 2.6 % +1.3 USD.
Deposits with LimeFx take between one minute up to several days, depending on the payment method used and internal processes of the financial institution. To open a Forex Trading https://limefx.club/ account with LimeFx, a trader should follow the steps below. The Nasdaq Stock Exchange is an exchange based in the United state which is dominated by technology stocks.
The minimum deposit for all accounts is $10, except for the R StocksTrader, which requires $100. Another significant feature offered by LimeFx is free VPS hosting. It is available to all verified accounts that maintain a monthly trading volume of just 3 lots. The LimeFx CopyFX platform allows traders to copy trades from other traders as social trading has gained popularity and continues its expansion. The minimum LimeFx required is $100, and there are thousands of participating traders. Here is a screenshot of live quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads.