The broker does not provide negative balance protection and hence if the market changes rapidly against an investor’s current trade, the trading account will not fall into the negatives. LimeFX International offers MetaTrader 4 to millions of crypto traders across the globe with rich functionality, ease of use, and reliability. MT4 is supported on both web-based platforms and mobile devices and it is extremely comfortable for any trader to trade on the go. LimeFX International is a global online crypto trading platform and an asset broker, developed in 1998.
They contain written reviews and videos on the market that are explanatory. One benefit of the videos is that they can be played in the background during an analysis. The next page will ask users to enter their personal information such as name, address, identity proof, etc. Once the details have been entered, the exchange takes users directly to its trading page. If there’s been no trading activity on your account for at least 6 months, an inactivity fee of 5 EUR/ USD/ GBP will be applied.
Reviews in 2020
The brand has a powerful website, a solid presence on social media, and a long history of sponsorship. When it comes to the brokers that operate in Europe, the regulatory environment is rather simple. Once a broker has obtained a license from one of the European regulators, it can easily accept traders from all EU countries. limefx In other words, a UK Financial Conduct Authority regulated broker can accept traders from Germany, the Netherlands, Bulgaria and other EU member states. If you are from the US you can be quite puzzled by the amount of brokers that are offering the services throughout the world, but are still not present in the States.
- This compensation should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews.
- Note – LimeFX Reviews are not to be considered as an endorsement or LimeFX advice of any kind.
- Traders can use the LimeFX demo account to participate in real-time pricing on the international exchanges, thus testing tactics and strategies comprehensively.
- Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.
The account opening process at the LimeFX International trading exchange requires several steps. Users must pay extra attention to the type of account they have chosen. Based on the trading account type, scammed by limefx the users are granted a variety of functions. Today, LimeFX.com is a powerful Forex broker which also gives access to CFDs and metals. The company offers a variety of accounts for traders and investors.
These platforms were designed by the Cyprus-based trading software firm ‘MetaQuotes Software Corporation.’ The MT5 is the newer version of the MT platforms. However, I still prefer the MT4 as I find it more user-friendly with a simple user interface. Both versions are free for you to use and available as desktop applications, WebTrader and as mobile apps. The application interface of both platforms is very similar, both on mobile and on computers.
- LimeFX International provides its customers with high leverage and it is because the firm has switched regulatory authorities to some well-known countries where many online brokerage firms are based.
- The company also did not provide me with clarifications on this issue.
- Partners residing in Latvia are now required to be exclusive Tied Agents.
- However, I believe the brand could improve in certain areas in order to compete with competitors like LimeFX within the online broker industry.
- I prefer the MT4 and MT5 platforms due to their simplicity, scalability, flexibility, and reliability.
This difference is actually the cost of the trade and is extremely important for forex traders. You’ll often hear the term ‘tight spread’ – this means that the trading costs are low. In forex, all trading is carried out through the so-called ‘interbank’ market. This is an online channel wherein the trading of currencies is conducted 24/5. Some estimate that the total daily trading volume is $5 trillion – making it one of the largest trading markets in the world.
What Is LimeFX?
To get a comprehensive picture of the broker’s services and product portfolio in this LimeFX review, we signed up for a live trading account and deposited our funds to gauge the trading performance. We also initiated an LimeFX withdrawal to see if the broker processes its clients’ withdrawals on time. However, more on this will be discussed later on in this review, as we will now try to offer you a detailed outline of the account signup process.
- My favorite feature is how it automatically analyzes the charts and gives you its predictions.
- Also, you have the liberty to run it simultaneously over a wide range of different markets.
- When traders deposit to their accounts, fixed or percentage commissions are charged.
- LimeFX provides round the clock (24/7) customer support via email, chat, and telephone.
- You can proceed with depositing funds and opening trades as soon as your account is approved.
- Even though it is already quite hard for some brokers to start operating legally in the US and then to become profitable, historically US authorities have also been seen as a hindrance.
LimeFX does not charge any fees for the deposit and also some withdrawal methods are without fees. When it comes to choosing aForex Broker, it is also essential to analyze all the clauses written in small print . Almost everyone is convinced that LimeFX is anECN https://limefx.group/ broker, Non-Dealing-Desk, and has direct access to Inter-Bank Market. However, you will find out by reading the clauses well, that the Non-Dealing-Desk option only refers to Pro accounts. A fixed bonus like otherForex Brokersis not available at LimeFX.
Finding Out the LimeFX App Options for Mobile Users
LimeFX is a very reputable broker with many years of experience. They pride themselves in the success of traders and offer unmatched services such as free VPS Service and Signals. They spend a lot of dollars annually through sponsorships and marketing campaigns to expand their reach. They have accepted my withdrawal and the fund was sent as they claimed.
Finally, validate your payment information on the following screen. Altogether, LimeFX can be described as a reliable and reputable brokerage with very reasonable trading costs . The spread is also quite modest, making this a low-risk investing scenario.
A free demo account allows traders to familiarize themselves with the trading platform of theForex Brokerand to test it with all the features thoroughly.LimeFX offers this possibility, as well. Traders can use the LimeFX demo account to participate in real-time pricing on the international exchanges, thus testing tactics and strategies comprehensively. During our LimeFX test, however, there were no occasional delays, requotes, and slippage. All currency pairs are subject to a SWAP fee, which is the cost that you pay for holding positions overnight.
Very interesting is also the possibility to transfer money from another broker directly to the LimeFX trading account. LimeFX welcomes both beginners and advanced traders.It offers different types of accounts to satisfy all trader profiles. First of all, new traders can start with a free demo account on the site, while more advanced traders can choose between a Micro account, Classic, Pro, and an ECN account. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
This fantastic market analysis tool provides you with free trading signals by recognizing patterns on the charts. My favorite feature is how it automatically analyzes the charts and gives you its predictions. I also like how Autochartist is customizable to your specifications and can save you from hours of chart watching. 19 Please note that for clients who reside in Iran, there is a minimum deposit requirement of $/€/£50 for Standard accounts, $/€/£250 for ECN accounts. Also note that each trading account has its own Stop Out level which you can see in the Trading conditions on our website. When a trader does not have enough of free equity to support the open trades, a force close will take place on the trade incurring the biggest losses.
In the terminal, you can keep track of market quotes, make trades by opening and closing positions, and stay up to date with financial news. The terminal is available on PC as well as on mobile devices. Open an accountIf you have never worked with Forex before, you can get acquainted with the ins and outs of currency trading on a demo account with virtual funds. With a demo account, you’ll be able to explore the Forex market from within and develop your own trading strategy.
But note that if the order is canceled or modified, the brokerage may charge the commission fee. MetaTrader platforms and the broker’s own software ensure smooth access on any device, and support is a click or a tap away. These benefits, along with easy deposits and withdrawals and tight spreads, mean that LimeFX suits the needs of most traders. Its wide range of communication methods means that clients can always receive prompt assistance. Spreads aren’t the best but comission costs surely make up for it especially on ECN accounts.
The web application automatically scans and observes the market and it consists of all the essential levels. This tool is useful in predicting probable events and can be utilized as an important advantage to improve the new set of Forex trading strategies. The Forex market reviews are research works that are published regularly.