This deposit is required if you would like to start trading using LimeFX. This 2023 LimeFX review will direct you easily about trading with them. These tools are dynamic and suitable for both the new and seasoned traders. All traders can put aside all their worries when trading with LimeFX. Our full LimeFX review for beginners covers everything you will need to learn about trading via LimeFX. A good broker can use your first investments and help to protect it from losses but also give you a platform that can help to give you profits.

• The broker’s advanced copy trading tool is also home to thousands of active traders.
• An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.
• Clients can access live chat and connect with the broker within seconds.

This is another top platform that you might want to look into if you are serious about your trading and looking to go full time. I personally find it to be more complicated than the MetaTrader platforms but I do know of many traders who swear by it. MT4 is one of the most popular platforms used by new and experienced traders across limefx forex broker the world. It has an intuitive interface and many built in features and tools for convenient trading. There is a large online MetaTrader community where users share ideas, templates, indictors and automated systems. The MetaTrader marketplace has a number of expert advisors (EAs), indicators and signals to choose from.

R StocksTrader Account

Energy, soft commodity and precious metal markets are all available on the platform, with users able to invest in or speculate upon everything from wheat and coffee to gold and oil. As our in-depth LimeFX review has demonstrated, this broker cares a lot about the safety of its clients. It features licenses from two separate regulators and abides by strict financial rules imposed by the European Union. On top of all that, you can also create a demo account with flexible conditions and the ability to trade in a virtual market. The commissions are among the lowest in Forex markets when it comes to LimeFX.

As noted above, LimeFX offers instruments from various markets, including Forex, stocks, and cryptocurrencies. LimeFX is a typical CFD broker that deals in forex, stocks, indices, and cryptocurrency. However, they don’t seem to show assets such as commodities, which is odd when looking through their menu. Most regulated international brokers (with the FSC) usually have commodities on their asset class list, even if it is only energies and metals. You will only find this information if you head to a specific page that covers everything that they offer, which you can find here. While conducting our evaluations of online forex brokers, we’ve collected over 360 data points that track the research-specific features that are most important to traders and investors.

LimeFX, as a company, has a powerful collection of rules for ensuring fair trading onto its platform. For information encryption purposes, it provides an industry-standard secure socket layer (SSL). This LimeFX review has been updated for 2023 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about LimeFX to give you the most comprehensive guide available. LimeFX does not accept U.S. clients, so it is not regulated in the U.S. and it lacks oversight from any U.S. financial markets regulator.

Suitable for CFD speculation and global stock and ETF investing, this platform is available as a browser-based WebTrader or as an app on Android and iOS devices. LimeFX offers a diverse range of trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, and the proprietary R Trader platform. Customer support along with other conditions is excellent at LimeFX. Clients can access live chat and connect with the broker within seconds.

Customer Service Rating

The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances. LimeFX have won numerious industry awards over the 14 years they have been operating as a financial broker. We have listed the most notable awards and mentions for LimeFX below.

But there’s more to LimeFX’s payment methods than we can physically mention. The Deposit & Withdrawals section contains dozens of different payment methods, all of which come with advantageous requirements and execution times. Heading to this page we don’t find that LimeFX specifically states that they offer negative balance protection, nor does any information from looking through their account types say that they do.

• These values are just indicators; you must do your due diligence regarding the real risk levels.
• This max drawdown per cent value helps you understand the level of risk the trader is trading with.
• Lastly, you will need to remember that you will have to head to the profile section of your newly created account and go through the verification steps.
• Using a copy trading strategy will mean increased risk, so all data has to be considered to see if it matches your investment strategy.

They have some of the best trading conditions in the market, which has helped me optimize my trading strategies and maximize profits. He asset selection at LimeFX is impressive, offering everything from forex to cryptos. It’s refreshing to have such a wide array of options, allowing for effective portfolio diversification. Also, there is access to the various educational resources available. Also, as we already mentioned, you can polish your skills and participate in trading contests, which also increases your level and allows you to develop skills. Market analysis, technical analysis, professional trading analytics, and a range of trading tools are available via the Members Area.

LimeFX Verdict

So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position. To open a trading account with LimeFX, individuals can sign up on the LimeFX website.

In other words, an online broker isn’t necessarily affected by the amount of customers they have. The minimum deposit that you need to limefx scammers get started on LimeFX is $1. However, make certain you know how to make the most of your money before investing in larger amounts.

This broker offers special promotions that include what you would expect from a broker, and that is a welcome bonus, rebates, and a 10% addition of funds to your account balance. For depositing, you have methods that will include bank payments, e-wallet payments, bank cards, and cash vouchers. With regards to deposit fees, there are none, and the depositing time whereby your money will reflect in your account can take up to a day. To get a clear indication of the options available to clients when it comes to depositing and withdrawing funds, you can head to their specific page, which lists and details all available options. This broker does have many methods, and we will give an overview of them, seeing as the information they provide is somewhat confusing. For crypto, clients can expect to trade around 33 instruments which cover the majority of the most popular coins.

What is LimeFX? 📚

There is a commission charged for withdrawing money but it is just 0.5% which is a relatively low number. One note to be aware of is that they do not have such a great review from clients on TrustPilot. Like with any broker, there are pros and cons, but we suggest picking a broker with a better review score, one regulated by more authorities, and one with better customer reviews. Looking under the “promotions” section of the LimeFX main menu, you will see their negative balance protection page. It should be noted that this in no way should be classified as a promotion or special offer. Most reputable international brokers nowadays offer negative balance protection as a standard policy to safeguard their clientele.

One is the call center which operates 24/7 and has experts in 10 different languages to respond to you and handle your complaints. LimeFX is one of the few brokers that do not charge inactivity fees. Also, your account is not written off if you don’t use it for some time, since there is no expiry date for accounts. The minimum spread across major and minor currency pairs is 0.0 pips on an ECN account.

Reddit is a social platform dubbed “the front page of the internet” because of how fast its users pick up trends. There are many dedicated spaces on Reddit for finance, trading, and related subjects, with thousands of Redditors giving their opinions on these topics. You can also connect with them via live chat and get an immediate response from an agent. There are also social media options for you to chat with them and leave comments on their posts for quick responses. The available social media platforms are Facebook, Twitter, Telegram, and Instagram. The WebTrader platform in the desktop version has candlesticks, line and bar charts, as well as drawing tools and technical indicators for easy reading and understanding of market patterns.

This is something that you don’t see many brokers do, which is another thing that helps set them apart from the competition and shows how confident they are with their service. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions. LimeFX is considered https://limefx.club/ good and reputable to trade with LimeFX. Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.