LimeFX Review 2022 Is Legit or Scam

Third, provide your account opening ID which can be uploaded online during your application. Your application will be reviewed first by LimeFX’s back office team and once your documents have been verified and the application has been approved, then you will receive your trading account login details. For live accounts or if you wanna go live trading with real money, you can add funds and start to trade afterward.

• The account types areLimeFX razor account and standard account.
• Impressive mobile options include MT4/5 and cTrader for iOS and Android.
• This method has no limitations and can be used by all traders for deposits and withdrawals.
• So, with the help of smart trader tools, you can optimize your trading using 28 smart trading apps, which also include indicators as well as expert advisors.

LimeFX does not charge an inactivity fee and it’s something any trader can look forward to. Customers can enjoy a $0 commission on LimeFX’s Standard Account or raw spreads on Razor Account. This is a practice account available on all the trading platforms; MT4, MT5, and cTrader.

The LimeFX Webtrader offers a lightweight trading platform for manual traders who trade from numerous devices during the day. I like the commission-based LimeFX Razor account because then I qualify for the Active Trader Program, allowing me to achieve superior trading costs. Traders who trade only major currency pairs can also lower costs in the competitively priced commission-free Standard account.

Moreover, traders should, after investing, monitor their trade regularly with the mobile application and invest any time they want. In the third step, traders select their base currency to trade, which limefx scam is important for traders to do. With all this known, we can say that LimeFX is a legit broker and not a scam to cheat traders. As a result, investors can trust the broker and trade smoothly.

Admiral Markets

The company also provides tools that help you master trading and increase the efficiency of all trades. Another thing worth noting is the low forex and non-trading fees, which make this broker attractive for beginner traders. There are no inactivity or account fees, but the CFD financing rates are high for a few assets. Below is a detailed LimeFX review with all of its features. As you will see in this LimeFX review, the broker offers CFDs, too, and is known for opening an office in London to better serve its clients in Europe. Plenty of new clients that registered after Brexit have been served by the broker’s German and Cyprus offices.

The question is, are you choosing a legit online broker or is it a scam? In this review, we will talk about one of the largestForex Brokersin the world – LimeFX. We will discuss the company, its trading platforms, and other features on why it is a recommended Forex Broker. Let’s find out together, whether LimeFX is a trusted broker or is it a scam.

Metatrader 5 is quite similar to MetaTrader 4 and nowadays and is considered as one of the best Forex trading platforms. From the platforms mentioned above, MetaTrader 4 & MetaTrader 5 is the most user- friendly. It also comes with a more considerable amount of indicators and has some other features. Other than this, limefx forex broker traders can also use other market trading platforms with the social trading option of LimeFX. Spreads are the gap that exists between the bid and the asking price, and LimeFX traders have low spreads. The razor account does not have spreads; the standard account begins with low spreads of 0.6 pips.

Why LimeFX Doesn’t Suck In 50 Words

The Australian Securities and LimeFXs Commission is the regulatory authority in Australia for financial services. ASIC oversees the conduct of authorized financial services businesses and provides advice to the government on financial sector regulation. It also has the responsibility of protecting investors and enforcing securities laws. In addition, ASIC regulates forex trading and provides guidance to traders. The forex fees at LimeFX show that there are low fees compared to multiple other brokers.

This selection is based on objective factors such as products offered, client profile, fee structure, etc. While there are many brokers offering CFD trading for Crypto Currencies, LimeFX is by far the leader. They have supper tight spreads, which we monitored during our review of being only $30 on $BTCUSD. Any regulators in any countries not only want to attract traders from home but also traders from abroard to develop their country economy. The popular choice of MetaTrader4 supports various devices from the web, desktop or mobile applications all at your choice. As well the platform offers a rich, user-friendly interface and hosts order management tools, indicators, expert advisors, DDE protocols and many more.

Trading Instruments

As the platform based on an algorithmic logic it shows great performance and allows efficient position management in fast moving markets. ALimeFX demo accountis an account that allows you to practice trading forex without risking any real money. With a demo account, you can trade simulated currency transactions without actually risking any of your own money, and you will getLimeFX ECN accountfeatures. You can use theLimeFX demo accountto help you learn how to trade forex and protect yourself from making mistakes.

In addition, these are available in English for easy understanding of all the traders. The commission is only charged with the razor account if trading with CFDs on the forex or shares market. We recommend LimeFX for forex traders looking for a great account opening experience and superb customer service. While this incident is concerning, we note that security measures were in place and the company detected the intrusion and has also duly informed their customers.

Traders receive protection up to £85,000 under the Financial Services Compensation Scheme Protection . Client funds are held at National Australia Bank in a segregated account to avoid misuse. LimeFX Group is independently audited by Ernst & Young.

LimeFX ranks among the best brokers globally due to its competitive trading environment and trustworthiness. LimeFX deploys a secure online application for onboarding https://limefx.biz/ new traders. LimeFX VPS, available from ForexVPS and New York City Servers, come with discounts to the monthly subscriptions in support of algorithmic traders.

• There is no minimum deposit and clients can choose to pay spread charges or commissions through the available account types.
• LimeFX customer service is available in several languages, such as English, Russian, Vietnamese and Thai.
• Withdrawals from LimeFX are usually received within 5 business days.
• CySEC is the regulatory body for overseeing forex trading in Cyprus.

We are committed to the fair handling of reviews and posts regardless of such relations. Click the pen icon for the account you are changing the leverage on. Withdrawals from LimeFX are usually received within 5 business days.

LimeFX Main Features

The platform offers a wide range of features, including analysis tools, live market data, and a user-friendly interface. The cTrader Forex Trading platform is perfect for novice traders who are looking for an easy way to start trading forex and CFD products. Is a powerful forex trading platform designed to make your forex trading experience more efficient and easier. With its intuitive user interface and powerful trading tools, LimeFX MT4 makes it easy to get started in forex trading. Thanks to its wide range of features, MetaTrader 4 is the perfect choice for professional traders. LimeFX trading platforms are a great way for you to trade forex and other digital assets.

LimeFX customer service is available in several languages, such as English, Russian, Vietnamese and Thai. Professional clients can change the leverage if you go to your Client Area by clicking the pencil icon in the top right corner. The maximum amount of leverage you can use is determined by the regulator you are at, see our detailed table below. However, you can set up a two-step login for accessing the client area on the website .

LimeFX charges a spread that varies depending on which currency you’re trading. Spot opportunities, trade and manage your positions from a full suite of mobile and tablet apps. For example, if the market gaps over the selected rate and the tolerance interval then this order is immediately cancelled. The trader also has the option of selecting the expiration time of this order. Stop – A pending order where the entry is at a predetermined point above or below the prevailing market rate depending on whether it’s a buy or sell. Limit – A pending order where the entry is at a predetermined point below or above the prevailing market rate depending on whether it’s a buy or sell.

Overall, LimeFX is a solid choice for international traders. The broker offers variable commission and fee schedules, access to over 61 currency pairs and integration with some of the world’s largest trading platforms. LimeFX might be an exceptionally good choice for new traders, as its education center is comprehensive and focused on providing beginning traders with an easy and inviting way to learn more about trading.

Additionally, UK traders receive protection up to £85,000 under theFinancial Services Compensation Scheme Protection . The funds of the traders using LimeFX are being held in segregated accounts at the National Australia Bank to avoid misuse of the funds. Traders may deposit into their LimeFX trading account via bank wires, credit/debit cards, POLi, BPay, PayPal, Neteller, Skrill and Union Pay. I miss the option of cryptocurrencies but do not view the absence as a significant negative. LimeFX offers 62 currency pairs, three currency indices, nine cryptocurrencies, and three cryptocurrency indices. This is a selection of average width for the retail Forex brokerage industry.

I recommend beginner traders take their time with the valuable content available at LimeFX. Traders must accumulate $250 million in monthly trading volume or approximately 2,500 lots. Traders with advanced trading solutions that require API trading should have no problems meeting this minimum. LimeFX maintains an excellent trading environment for traders with advanced technical requirements.