LimeFx does not indicate whether deposit fees or withdrawal fees may apply to some payment methods, or whether there are any minimum or maximum withdrawal amounts. LimeFx is a Dominican STP and ECN broker with clients who reside in several countries and jurisdictions around the world. LimeFx is well-known for providing attractive and competitive ECN trading conditions with fast and reliable execution speeds.
The MT4 platform implements the highest of security standards. The data that is exchanged between the MT4 client terminal and the platform servers is always encrypted. Additionally, the platform supports the use of digital signatures. This can help to give users the peace of mind that their trading accounts are secured and fully protected. LimeFx offers traders the award-winning MetaTrader 4 platform developed by MetaQuotes Software Corp.
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Forex trading, or currency or FX trading, involves the currency exchange market where individuals, companies and financial institutions exchange currencies for one another at floating rates. Leveraged products, such as Forex, increases the potential profits of the trader, but it also increases the risks and subsequent losses that the trader may incur. LimeFx charges commissions from $6 per lot, round turn when trading. We use dedicated people and clever technology to safeguard our platform. Should you require a more in-depth explanation of the above, please do not hesitate to contact us on one of our 24/7 customer support channels.
- These often depend on numerous factors including the spread, commissions, and margin requirements.
- Consumers satisfied with LimeFx most frequently mention crypto pairs.LimeFx ranks 24th among Personal Finance sites.
- Traders can fund a trading account and begin trading with as little as $10 and can do so using a variety of popular banking methods.
- During our testing, we observed that customer service is undoubtedly one of the benefits of using this broker.
- This means that there is no watchdog that can ensure that LimeFx fulfils its financial obligations, or that traders receive legitimate services.
Trading straight from inside of the charts is an option, and end-users will have access to plenty of technical indicators to select. Millions upon millions of forex traders, each with his or her list of needs and demands opt for MT4, and with good reason. The platform delivers limitless profit possibilities to all who trade. Advanced technical analysis tools, flexible trade options, algorithmic trading, Expert Advisors , and a variety of applications are just some of the advantages of this award-winning platform. The sign-up procedure requires less than one minute, and after completed, a welcome/email confirmation email will arrive in your inbox. In this message, you will have to click on the provided link to verify your email address.
The focus might actually be a case more of what the central bankers say, rather than what they do this time around. Markets are well priced for a 25bp hike from the Fed tomorrow, and a 50bp rate rise from the BoE and ECB. Ultimately, our rigorous data validation process yields an error rate of less than 0.1% each year, providing site visitors with quality data they can trust. Using the mobile application was as much of a great experience as the Desktop and browser versions were.
So, this sets it apart from many otherForex brokersas the majority will usually offer levels of accounts, or multiple tiers, each coming with its own features. Here, all traders will share the same type of primary account. The minimum deposit at LimeFx is flat 10 USD/EUR/GBP/BIT also applies to any re-deposits. This broker does not charge any banking fees on deposits or withdrawals, regardless of frequency and regardless of payment method. This is becoming rarer in the Forex industry and was refreshing to see. For client safety and security, all withdrawal requests are reviewed by the payments team in two days or less, with most applications being reviewed in less than one business day.
LimeFx review: Is it a legit or scam broker? Does Eagle FX accept USA traders?
These articles on the brokers website cover technical and fundamental analysis which can be used to help inspire potential trading ideas. I found them easy to understand https://limefx.group/ but they are not updated that frequently. If market analysis is important to you, then lime fx have an excellent selection of frequently updated expert insights.
Commission fees usually apply on LimeFx, and you need to be aware of that when it comes to CFD instruments. Two-factor authentication is an option and can be activated from within your account. To enable this security measure, sign in to your primary account, click on the 'Account Info' link.
They also added proprietary WebTrader to their offer of trading platforms, making your LimeFx less secure. There is a demo account option that has identical conditions to the live account allowing new traders to develop a strategy before depositing. You must understand limefx reviews that Forex trading, while potentially profitable, can make you lose your money. CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors.
This amount is often lowered substantially when leverage is applied. LimeFx may be a popular option for traders around the world, but there is no record of any past awards and/or recognition that the broker has obtained over the years since its establishment. We have looked into your query to find out more regarding your issue. It seems as though you used a wrong trade ID which is not BTCUSD, and therefore we weren't able to find the trade you are referring to. Our customer support team has proceeded to get in touch with you to get some more information, in order to be able to help you further.
What Can LimeFx Victims Do? – Start the Chargeback Process
These factors amongst others help to set them apart from other brokers. I have been aware of the broker for quite a few years now and they seem to be a popular solution for those who are looking to trade cryptos without the restrictions that regulators can impose. The customer ratings displayed on the brokers website shows very positive feedback from happy clients of LimeFx. With trader friendliness along with their customer services, we must consider other aspects. We have to say that LimeFx presents as a much older, well-established brokerage rather than a newcomer.
The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website. I would say it's a bit bold labelling this broker as a scam - personally I've used them for around 2 and a half years and always get my withdrawals same day.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.Learn more at Wikipedia. When a broker has a smaller minimum deposit fee, it’s usually meant for a more mainstream audience, whereas those with higher minimum deposit fees tend to also offer some additional services. The fact that this broker based in Dominica may cause some to be concerned, and this is understandable. It is only our job to report findings and not to guarantee that anyone broker is or is not to be trusted. We can say that LimeFx was very transparent in all communications engaged in for this review.
Trade With A Regulated Broker
The LimeFx broker was founded in 2019 and registered in Dominica under the name of LimeFx Ltd. Across the worldwide Forex industry, the brokerage has already become a popular choice among many traders. This means that it cannot be completely trusted when it comes to funds, because there is no regulatory body controlling its actions. As mentioned before, the broker does not have any license which makes it easy to be a victim of a scam. When it comes to withdrawals, the situation is becoming a little bit more complicated.
Traders should be aware that unregulated providers usually will not provide much if any, client protection. The only research tools offered by LimeFx relates to the Daily Market Analysis and the Economic Calendar. For all other research tools, resources, and materials, traders can access MetaTrader 4, which offers a significant number of useful tools. Margin is the amount required at the start of every trade which is collateral for any credit risks which may arise while trading. It is expressed as a percentage of the position size and traders must ensure that they have adequate funds to cover this requirement. The minimum deposit amount required to open a broker account with LimeFx is $10 which, when compared to other brokers, is low.
The LimeFx trading platform has an abundance of useful trading tools built in. There are technical indicators for analysing price movements such as moving average, Bollinger bands, Stochastics oscillator, MACD, RSI, CCI and many more. There are drawing tools for marking out support/resistance whilst the candlestick charts can be used for identifying price action patterns. I think there are plenty of tools to meet the needs of even the most demanding of traders.
During our testing, we observed that customer service is undoubtedly one of the benefits of using this broker. Not only do they guarantee fast response times on all contact methods, but they also ensure that no client will exit the experience without having their questions answered or problems resolved. LimeFx seems to have decided to keep things simple by offering the most widely used of all platforms, MetaTrader 4. The platform provides WebTrader, Windows desktop, and mobile trading apps for both Android and iOS.
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