LimeFx Review 2023: Is LimeFx ForexTime Legit or a Scam ️

LimeFx Reviews and Comments
LimeFx Reviews and Comments

Now they’re running away with my money, and I can’t get in touch with them. If I had to choose again, no matter how well they talk, I would not choose to trade with them. I am very satisfied with the transaction on Forex, and the transaction cost is relatively low. And the transaction execution is very fast, there is almost no difference between the time of placing an order, no slippage, and no delay.

The broker provides comprehensive analysis, education, and research. The ForexTime in-house experts are always busy with seminars, webinars, training articles and daily analysis. It is no wonder that LimeFx has won over 30 industry awards. This is a social trading service where ForexTime ’s strategy managers make their trades available for clients to copy.

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It’s well-structured and a great place to start for beginner traders, in my opinion. The multi-level Loyalty Program offers attractive option that may have great benefit for traders. In these types of promotions from this company, traders can develop the profit scheme by different means. LimeFx provides cutting edge and convenient financial market services to retail and institutional clients,introducing agents, affiliates and other investors. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital.

Regulation

Further, LimeFx forex broker also offers different account types to suit different needs, including micro, advantage, and advantage plus and LimeFx ECN accounts. The company has received a number of awards, including ‘Best Forex Trading Experience 2021” from World Finance. Once you’ve learned how to trade via the MT4&5 trading platforms, you’ll be able to manage your positions and implement your trading plan smoothly and efficiently. You can also see your balances immediately on the MT4&5 platforms and can even make trading account deposits and withdrawals via the platform.

Is LimeFx good for scalping?

LimeFx is an ideal broker for high-frequency traders and scalpers. It has also established itself as a market leader for traders from emerging and frontier markets.

With numerous features suited to both beginner and advanced traders alike, LimeFx provides everything needed to succeed in the world of finance. The first account has limited tradable instruments and no commissions. https://limefx.club/ The second one offers raw spreads and commissions, while the third is similar but with spreads. The broker doesn’t provide an Islamic swap-free account, meaning each of these has overnight fees.

Lower fees, lower costs?

In addition, LimeFx is a member of the Investor Compensation Fund , which provides compensation in the event of a company’s insolvency. ForexTime Ltd, ForexTime UK Ltd and Exinity Limited are three LimeFx-branded companies that provide trading services to over 10,000 clients in over 135 countries. LimeFx offers MT4 and MT5, depending on the account type and asset. Another disappointing aspect of dealing with LimeFx is its reviews. At the time of writing, we found 745reviewson Trustpilot, with the broker being rated poor.

We have never intervened or interfered with Clients’ trading. Please be informed that spread offered on our accounts is floating and depends on the trading account type, as well as on the market conditions. Prices of different instruments are quoted from various liquidity providers. Different brokers will have different trading conditions and competitiveness. LimeFx quotes price directly from liquidity providers with the most competitive prices, hence it is floating spread.

The registration process is as easy as you would expect, taking no longer than about 60 seconds to get started and testing once you verify your account email/phone. LimeFx have recently launched LimeFx Trader to great fanfare and it has not disappointed. What can only be looked at as a significant upgrade on their sole MT4 offering is making trading easier and more convenient for its’ users. If you are considering trading with LimeFx Malaysia, India, or outside of the above regions, you will usually be covered by the Mauritius based arm of LimeFx .

What country is LimeFx from?

LimeFx is a registered brand name of Exinity Limited, regulated by the Financial Services Commission of Mauritius with license number C113012295. Exinity Capital East Africa Limited is regulated by the Capital Markets Authority of Kenya under license number 135.

That being said, this is an interesting topic to consider, as it can be that by only using the minimum deposit you are going to make it more difficult to stick to a good risk management strategy. This is due to the minimum position sizes that you can open with any broker, not exclusive to LimeFx, and actually make it hard for you to execute a trade that does not total your full account value. We cover this topic of broker minimum deposits more broadly separately. Officially, the LimeFx minimum deposit is $5 but this does vary a little between account types, and then there is the question as to how effective you can be with a trading plan on these lower levels.

The gateway to trading and LimeFx wisdom

Micro requires a minimum deposit of only $10 or a currency equivalent, while the other two account types require a minimum deposit of $500. I highly recommend the commission-based option as trading costs remain among the best industry-wide, while both commission-based accounts charge relatively expensive fees. LimeFx is an international CFD and forex broker, regulated by the UK FCA, CySEC of Cyprus and the Mauritian FSC. LimeFx customer service gives fast and relevant answers. You can use a lot of educational tools, including a demo account and live webinars.

In short, he is a reliable old-fashioned trader, so I don’t need to say more about it. LimeFx is the best one plateform for trading and u can earn easily by this and deposit and withdraw instantly done I recommend u guys go for it. As for the commission, there is no commission charged on the Micro and Advantage Plus accounts, while the Advantage account holders have to pay an average commission of $0.4-$2 based on volume. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital.

Marketing Strategy

The commission fees at LimeFx are quite low compared to other brokers in the industry. The spread starts from 0 pips on major currency pairs, and goes up depending on your account type. For deposits, there are no fees charged by LimeFx as long as you use one of their accepted payment methods. Withdrawal fees are also reasonable; they start from $5 per transaction.

Can LimeFx be trusted?

The product portfolio is limited, as it lacks some asset classes like ETFs, bonds, mutual funds, etc. BrokerChooser gave LimeFx a 4.3/5 rating based on analyzing 500+ criteria and testing via opening a live account. “I recommend LimeFx for forex traders familiar with the MetaTrader platform.”

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.

Margin call is at 80 percent and stop out is at 50 percent. Clicking on any of the Strategy Accounts will show you its rank, the number of investors, the days open, the risk level, the return. It will also show you specific figures for the day and month. There is no last-look pricing and this account takes advantage of deep liquidity right from ForexTime’s tier-1 providers. The methods for withdrawal are nearly identical, with a few differences.

The MT4 was developed by “MetaQuotes Software Corporation” in 2005. It is the widely used trading platform by many forex traders because of its versatility and scalability. It has technical analysis tools such as 31 graphical objects, 30 technical indicators and 3 chart styles that can be displayed on 9 timeframes. LimeFx offers the MT4 WebTrader, the desktop version on Windows and mobile versions for Android and iOS. Costs with LimeFx when looked at holistically are very reasonable and are comparable to some of the best forex brokers in the industry.

The speed at which deposits and withdrawals are actioned by LimeFx are really positive and it must be said on review that it is completely viable to make both deposit and withdrawal with no cost. All deposits are classed as ‘immediate’ and withdrawals within 24 hours . Where LimeFx do really seem to get it right here is in the model that their strategy managers receive commission from their followers. Whereas other brokers’ are working on a model of trading volume of followers, LimeFx has their strategy managers working on a performance basis similar to forex account managers. If you are planning to trade stocks CFDs with LimeFx, the only type of platform to support this is MT4 and the range of forex pairs offered is another key differentiator in the MT4/MT5 consideration. The ECN accounts are where you will start to see some commissions but of course you have lower spreads to take advantage.

  • In the case of certain accounts, there are floating commissions.
  • ForexTime provides technical and trading support as well as exclusive privileges for VIP clients and makes it easy to open accounts.
  • Dumblittleman does not and cannot guarantee the accuracy or applicability of any information in regard to your individual circumstances.
  • Since 2011, LimeFx has provided traders with a wide range of trading instruments and educational resources, as well as fund protection, free demo accounts and account managers.
  • First, let’s go over some basic terms related to broker fees.

The platform uses advanced technology and analytics tools to ensure secure transactions across all platforms. They also offer educational resources to help traders enhance their knowledge about the market. The customer service team is available 24/7 through phone or online https://limefx.club/ chat, ensuring quick resolution of any inquiries or issues you may have while trading on LimeFx. Trading platforms are an important part of the experience for expert and active traders, while passive investors may not care at all about what a brokerage offers here.

Once the person signs up with your referral link and makes the first deposit, you will get $50 as a bonus. Also, the person who opened an account with your link will also get a $50 bonus. While the deposit time is instant to 2 business days, the withdrawal process takes 24 hours for all types of methods. Exinity Limited is a member of Financial Commission, an international organization engaged in a resolution of disputes within the financial services industry in the Forex market. This may influence which products we review and write about , but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services.

LimeFx Reviews and Comments

MetaTrader is compatible with various platforms, including PCs, Macs, and an easily accessible Multi Terminal for money managers. You may still trade index CFDs on MT4 with LimeFx if you want to profit from moves in an entire country’s stock market. Indices markets at LimeFx feature among the lowest spreads in the industry, making them a popular option.

LimeFx Reviews and Comments

With Shares Accounts, the trade volume can be between 0.01 and 10 lots. Margin call is at 40 percent and stop out is at 20 percent. There is also a section where the Strategy Manager lime fx tells you about the Strategy and any other additional relevant information. Below this, you will find charts and graphs detailing returns and monthly statistics by trades.

Can you make money on LimeFx?

LimeFx Invest for Investors. Financial market trading is potentially profitable, if you have skill, experience and the time to monitor the markets.

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