LimeFx Review, Forex Broker&Trading Markets, Legit or a Scam-WikiFX Score:1
Contents:
LimeFx offers its clients WebTrader a convenient, comfortable trading environment and powerful features that enable them to trade professionally. LimeFx offers beginner traders the option to test the forex market through a demo account. Although the website gives information on the advantages of a demo account it does not indicate what the balance of virtual money is.
Please note that by investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk and you can lose all your deposited money. You should engage in any such activity only if you are fully aware of the relevant risks. BrokerChooser does not provide LimeFx or any other advice, for further information please read our General Terms and Conditions. LimeFx is a worldwide online broker founded in 2011 and now is among the largest and most respected companies in the world of the Forex market. Our company has succeeded and grown by listening to the clients and meeting their needs.
The identity of LimeFx Ltd at Tbilisi GE has been verified by Geo Trust Extended Validation SSL CA. The company uses high encryption across its website to guarantee and protect clients’ privacy and security. This involves the trading of gold, silver, and other precious metals as hard commodities that are contract-based tradable. LimeFx offers a wide choice of Major and Exotic Currency Pairs to trade with. It also offers to trade in Precious metals which include gold, silver, and platinum. All information on 55brokers.com is only published for general information purposes.
The content created by our editorial staff is objective, factual, and not influenced by our advertisers. Bankrate follows a strict editorial policy, so you can trust limefx website that we’re putting your interests first. “Expert verified” means that our Financial Review Board thoroughly evaluated the article for accuracy and clarity.
Which Countries do LimeFx support?
LMFX is a broker, based in Macedonia, that has many tools. As a principal, the dealing desk trades for its own account, meaning that it may take a trade from a client in which it has a vested interest in the outcome. In other words, the dealing desk could profit at the client’s expense, perhaps unloading inventory to the client just before the market falls https://limefx.group/ or buying it just before the market rises. Ally also allows you to open a $50,000 practice account so that you can see how currency trading works, even if you don’t intend to actually trade. Given the difficulty of forex trading, that’s a great resource for beginners to try it out. The offers that appear on this site are from companies that compensate us.
- You’re gona have plenty of disconnections on the platform and sometime just before the week end without having the possibility to close your position with the hot line.
- There are already tons of warning on other websites but I didn’t find anything here so I thought I make a post.
- This LimeFx review covers both the pros and cons you need to know before you make an account.
- The fact that it has a positive feedback about the trading terminal, analytics, training materials, support services says much about its correct way of development.
Traders can choose between fixed or floating spreads, while the spreads on CFDs vary by asset class. AAFX charges interest on margin of between two and five per cent. AAFX offers 45 major and minor currency pairs for leveraged trading. Under CfDs, The broker lists 140 stocks and 11 global equity indices. Fifteen commodity CfDs are available, including coffee, corn, sugar, and soybeans. The broker has recently expanded its offering to crypto, listing one trading pair, BTC/USD.
LimeFx Review: | Updated for 2023
The brokerage gives traders access to both crypto and standard forex pairs as well as a range of indices and commodities. Hankotrade only accepts payments in cryptos like Ripple, Bitcoin and Ethereum. The brokerage offerstrading on a selection of nearly 60 cryptocurrency pairs, plus various CFDs on gold, indices, and fiat currencies.
Each year we spend thousands of hours testing brokers by opening accounts, testing their platforms, and rating them according to a set of over 200 metrics. We deposit real money with the brokers to ensure that the products and user experience they advertise are consistent with reality. The brokerage gives traders access to both crypto and standard forex pairs. Coinexx users can also trade in a range of indices and commodities. As the name implies, funding Coinexx accounts require access to cryptos like Bitcoin and Ethereum.
This makes me feel extremely unsafe, I’d better choose some well-regulated ones. LimeFx offers the industry leading MT4 trading platform. The withdrawal method must be the same as the deposit method. Processing time of withdrawal for PayPal may take between 1 – 72 hours, for electronic money (E-Wallets) between 1 – 24 hours, and Wire Transfer between 1 – 10 business days. Traders should note however that depending on a specific bank service it may take several days for the money to be available in a client account. LimeFx does offer a trading environment for beginner and experienced traders.
Skrill
LimeFx is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams. However, due to regulations LimeFx does not accept clients from Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America. Other deposit techniques you can embrace are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is a possibility also, even though it takes approximately 4-7 days. There are multiple ways to finance your accounts with LimeFx.
For operations other brokers charge for, they either do not charge a broker fee, or they charge a lesser amount. This is beneficial for people who regularly exchange, such as weekly or daily trading. The first kind of fees to look out for are trading fees. When you make a genuine trade, like purchasing a stock or an ETF, you are charged trading charges. In these instances, you’re paying a spread, financing rate, or a commission. The kinds of trading fees and the rates differ from broker to broker.
Traders can trade major currency pairs, minor currency pairs, exotic currency pairs, Gold, Silver, platinum, and other precious metals, crude oil, and other financial instruments with LimeFx. For profitable trading, traders must be able to realize risks in each transaction. The risk identification will save your capital and multiply it as well. Before starting to trade, potential LimeFx clients should arm themselves with all possible information and trading skills needed to be successful in the world of forex and commodity trading. If LimeFx’s website itself does not provide enough means, a trader should explore other information sources to obtain that skills and knowledge. LimeFx has been operating in the UAE, Asia, and Europe but none of its branches are regulated or registered with any authority that oversees the Forex or financial LimeFx services of the company.
As recently as a few years ago, most forex traders looking for an online broker would have defaulted to one registered in their home country. Those rules created hurdles that make it hard for individual FX traders in the US to profit. Only big players like LimeFx banks, hedge funds, and high-net-worth individuals have the resources and flexibility to leap over them.
One of the surest benchmarks to measure the safety of a brokerage is to establish which regulating authorities are watchdogs over its actions. MetaTrader4 is fast, powerful, and reliable and the most popular trading platform among traders worldwide. It has a wide range of powerful functions which make MT4 highly flexible and allow traders to trade faster and increase trading opportunities. LimeFx offers clients the opportunity to receive a 50% bonus on each deposit made. The bonus is tradable can be withdrawn after carrying out all promotion requirements. The bonus usually compensates traders for choosing a certain broker, since once the account is active, the trader will have the same expenses as any other.
Broker Bonuses
The Forex market is easily accessible to interested investors like you. With LimeFx it is easy to learn, trade, manipulate and earn money. We guide you to the most convenient and accessible way of trading in the world of Forex market.
All of that has given the label ‘offshore’ a negative connotation, especially concerning finance. Every offshore firm engaged in financial trading gets painted with the same brush. Forex brokerages haven’t been immune from the bad vibes. Skrill has a variety of licences that permit it to provide its services throughout Europe and around the world. Skrill is run by Paysafe Payment Solutions Limited, which is a company that is registered in Ireland and regulated by the Central Bank of Ireland, for its European controlled operations.
My friends recommended to me some years ago.I am still enjoying their services up till now.Their customer support, especially the financial department are just wonderful.I must also recommend them to others. It is worth noting the fact that the forums do not have a broker representative who would help to understandthe problems, emerging by traders. LimeFx’s website does not have much on offer in terms of research. It features a daily forex technical analysis of selected assets which is detailed with good explanations. Also, it offers daily news of the forex market and features a margin calculator. Before deciding to join a broker and start trading, a potential trader needs to establish whether a broker like LimeFx is safe to trade with.
Inactivity fees are not only charged by broker firms but also many financial services. However, non-trading fees billed by LimeFx are relatively greater. Consequently, you are billed more for non-trading activities on your trading accounts, such as withdrawal and deposits. You can start using the MetaTrader 4 platform with LimeFx in multiple formats including through an online web platform, or through a downloadable application for Windows PC’s and Mac’s. LimeFx MetaTrader 4 is compatible with the latest macOS. LimeFx allows traders to trade on mobile devices through Android and iOS devices.
As an experienced trader, I do recommend LimeFx to anyone looking for a reliable and trustworthy broker. Their informative market analysis and helpful customer service have helped me increase my profits, but their platform could be more intuitive. You’re gona have plenty of disconnections on the platform and sometime just before the week end without having the possibility to close your position with the hot line. Repeated disconnections and important slowing down on the platform or false error messages won’t let you close your trade with profit but with huge loss! I’ve move my trading LimeFx back to benarmstrong-trades where I get good service. Sometime your trades won’t be taking into your account and after a disconnection you will find your account with a huge position.
Of course, this can become a serious obstacle for many beginning traders. It should be noted that the LimeFx offers the opportunity to start trading on both live and demo account. If you limefx wish, you can carry out a successful and comfortable trades in one click. Traders who don’t want to add new software to their machines can use a web-based platform called WebTrader.
The search leads many to consider ‘offshore’ (non-US) forex brokerages that don’t have to stick to the playbook set out by Washington regulators. They can get around the restrictions on leverage, funding sources and added services that US-based brokers must abide by. LimeFx provides demo accounts for the convenience of beginner traders.
No commission is charged for forex trading on any of the four accounts. CFD trades on other markets have no commission but do wrap a spread around the market price of a certain instrument. In all accounts, you can find instant and market execution and the fixed spreads remain the same for both regardless of the underlying market conditions. With a fixed spread account, you can manage your trading costs much more effectively as this allows you to know exactly how many pips you must make on trade to gain profit. LimeFx offers a mobile trading app for traders convenience.
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