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There are countless important aspects of choosing a reliable and trusted broker. Most of the beginners make the first mistake of not doing enough research about the broker. LimeFX also offers a host of robots and indicators through the MT4 and MT5 platforms, some of which are free, and others that are available at an extra cost. MetaTrader4 and Metatrader 5 are available on IOS, Android, and Windows mobile phones and tablets. The app will connect to the same account as the desktop software, allowing a synchronised and mobile trading experience. MetaTrader 4 is one of the world’s most popular and versatile platforms, offering powerful features to help you make educated trading decisions.
LimeFX will provide this accounts in various types that are designed dependent on different clients’ needs. These account types are the micro, premium, pro, ZuluTrade and the crypto account. The other and professional option is to hire the services of fund recovery specialists for these jobs. They are the experts of analyzing trading brokers for possible complaints and issues.
Reliable customer support is another important aspect of choosing the correct broker, as a lack of decent customer support can leave pressing issues unresolved and affect a client’s trade. LimeFX provides an entire section of different promotions offered, which can be very attractive for traders as one can potentially earn cashback rewards and win great prizes. To this end, quick traders will usually use high lLimeFXrage to make a fast profit, while positional traders prefer a low lLimeFXrage lLimeFXl. The spread is the difference between the bid and sell price of a currency pair, and what the broker charges, and is fundamentally how brokers make a profit. Before you sign up with LimeFX, ensure that you fully understand the risks of going for an unregulated offshore broker.
LimeFX Accounts
All websites experience technical problems now and again, but if the site provides no solution to logging in, that is a good indication that you have been the target of a scam. The commodity pairs, or commodity currencies, are those forex currency pairs from countries with large amounts of commodity reserves. Traders and investors looking to gain exposure to commodity price fluctuations often take positions in commodity currency pairs as a proxy investment to buying commodities. ReportScamOnline now considers LimeFX to be operating an online scam. 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.
While we do our best to provide up-to-date information, we strongly encourage you to verify it directly with the broker of your choice. Overall, LimeFX offers a reputable electronic trading service with a wide range of tools, platforms, account types, and funding options. Although they provide some useful extra trading tools to help traders, they do LimeFXpany reviews not provide daily market analysis as comprehensive as those offered by other firms do. LimeFX’s entry-lLimeFXl account requires a minimum deposit of 25 USD and offers trading in micro-lots, making it suitable for beginner traders. We define beginner traders as inexperienced traders who have nLimeFXr traded before or have been trading for less than a year.
Deposit your account in the amount of $200 and instantly get 100% credit bonus. Your robots are trading and getting signals on a virtual platform 24 hours a day. Please, try to avoid profanity and foul language in Candlestick chart the text of your review, or it will be declined from publishing. To submit your own Forex Broker review for LimeFX fill the form below. Your review will be checked by a moderator and published on this page.
LimeFX is an offshore broker that is located in St. Vincent and the Grenadines. Since the company was founded in 2006, this online broker has gained the trust of over 300k traders from 18 countries, mostly from the Asia region. The LimeFX application form will require you to provide some personal details like your name, contact number, email address, and account password. From there, LimeFX will require you to verify your identity and residence as per standard KYC procedures.
Try your luck in free traders contests with a prize fund of $5000. For the purposes of this review, we found the customer support responsive and polite, but uninformed. LimeFX charges a service fee of 1.2% + 3 USD per transaction for withdrawals.
Most Recent Trading Scam Alerts
All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn`t imply direct instructions for investing. TopBrokers.com will not accept any liability for loss or damage as a result of reliance on the information on this site. Forex pairs, cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money.
The trading costs on the Micro and Premium accounts are 15 USD, which are higher than the costs on other brokers’ entry-lLimeFXl accounts. The Zulutrade account also charges a spread mark-up and trading commission, rendering it an expensive option. The main activity of the company is providing traders with access to the FOREX. Opening a demo account, you get to know how to make transactions in existing financial markets, while not risking your money.
It’s Very Good Broker So Far For Me
LimeFX was chosen by HitBTC as a cryptocurrency exchange for its subsidiary marginal broker. In fact, HitBTC is an exchange office that is in the top 5 of the largest exchanges on the planet with a daily turnover of more than $ 250 million. EToken Pass device, which allows you to further secure funds by generating one-time passwords. The cost of the service varies depending on the status in the club. LimeFX Club with an expanded service package for the company’s customers.
- Furthermore, the trading options are restricted due to the absence of stock trading.
- These educational tools range from the very fundamentals of Forex trading to more advanced Webinars and courses, which can also be of use to intermediate traders.
- Decent customer support should also mean queries are handled quickly and properly resolved.
- So the bonus of $10 may be received without depositing own funds.
Segregated accounts are used to differentiate between the broker’s working capital and its client investments. LLimeFXrage is the use of borrowed funds to increase one’s trading position beyond what would be available from their cash balance alone. Forex traders often use lLimeFXrage to Wave Financial profit from relatively small price changes in currency pairs. LLimeFXrage, howLimeFXr, can amplify both profits as well as losses. Training materials are not available at the broker’s website, but you can use the signals to open transactions and the service of copying transactions.
Make sure you fully understand the risk of trading before you go all in. Review all terms and conditions, policies, and broker terms before you start putting in funds. LimeFXs also keeps all its clients’ funds in segregated accounts from the company’s own funds to further client security. LimeFXs also stores funds incredible in banks, such as the Baltikums Bank in Latvia. The Baltikums bank is an international private bank that creates personalized solutions for financial institutions, enterprises, high-net-worth individuals. LimeFXs also securely stores its funds in the Bank of America – UK.
We do not rest on our oars and are constantly expanding the radius of our activities, keeping in mind the specifics of culture and interests of our clients. Such a high grade inspires us to work further on improving the quality of client’s service in all aspects. We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have publishedour review process that includes a detailed breakdown of how we review LimeFX’s product offering. Central to that process is the evaluation of the broker’s reliability, the platform offering of the broker, and the trading conditions offered to clients, which are summarised in this review.
Trading Conditions
The Client realizes that he may completely lose his all initial funds and any additional funds used when trading on the market. Customer support can be requested via live chat, email, telephone, or a direct message on the company’s website. It covers customers in Indonesia, Cambodia, Thailand, Vietnam, Mexico, Laos, Peru, Colombia, Argentina, China, and sLimeFXral others. The platform may also provide tools for research in addition to tools for order processing.
For the sake of justice, cheated customers should not let the issue rest. LimeFX is a brand name and trade mark of brokerage company Systemgates Ltd. LimeFX is a logical continuation of more than successful project SystemForex, that was established on August 1, 2006 to offer Forex and CFD trading for individuals worldwide. Advanced trading tools, excellent customer support and hard work helped LimeFX become one of the few Forex Brokers, firmly holding high positions in the market of Internet Trading. LimeFX is an offshore, unlicensed trading firm in St Vincent and the Grenadines that specializes in binary options trading.
LimeFX Contact
It is meant for beginners who would like to learn about broker-related topics such as trading and stock market basics. Options are contracts that give you the right to buy or sell a security at a particular price within a specific time frame. You can get information about this through brokerage forums or sites where people have posted their reviews about this broker. The other and authentic way to find these details is to invest in fund recovery specialists. These professionals are meant to recover your fund from scammers but they can also help you to stay away from scam brokers and trading platforms.
LimeFX does the majority of its business in Asia, such as Malaysia, Indonesia, Thailand, and Vietnam. My account got emptied by one when I closed a trade because the “bonus” does not count towards your actual balance its just like changing your lLimeFXrage without you knowing. Spreads are pretty terrible, some being 4-5 times more than other brokers. Its minimum initial deposit is $25 which will serve as your initial capital in the execution of trades.
Overall, the financial assets on offer at LimeFX are the bare minimum and may leave more professional traders dissatisfied. For traders that trade in large volumes , it is better to open an account denominated in USD at a digital currency bank, especially for trading on assets such as the EUR/USD. This is because when trading a USD quoted currency pair with a GBP account, there will be a small conversion fee for LimeFXry trade made. LimeFX offers a range of payment methods, and while deposits are free, withdrawals are expensive.
LimeFX uses among the most advanced trading platforms to make its clients’ experience worthwhile. These platforms make the trading experience very simple and fun due to their many features. The trading platforms are the Meta Trader 4 and the Meta trader 5. It has managed to diversify in its operations and this can be seen in the bold move the company took in the integration of crypto accounts. This was in a bid to take advantage of the LimeFXr-growing cryptocurrency sector.
Clicking on the “personal account” button in the right top of the site, a special form appears in which you select the section you need, enter the e-mail and password. MetaTrader 4/5 are available for free on the App Store to make your trading experience easy and mobile. The most popular crypto tools include Bitcoin, Ethereum, Litecoin and Bitcoin Cach. We show reviews chronologically, and you can filter by star rating, language, location, or keyword. LimeFX is an offshore broker and regulated by the government of Saint Vincent and Grenadines, the Financial Services Authority .