LimeFx Review Pros, Cons And Is LimeFx Scam?
The brand is also well-known for its welcome bonuses and trading deals, including a free VPS. I had an experience with different brokers but they were kind of dubious ones. And one more thing that I find useful is numerous ways of deposit/withdrawal. Bank cards, bank wire transfer and a lot of alternative payment methods are available. I have been using LimeFx for a long time now and I can say that LimeFx is a great broker with amazing account types but my main choice is ECN XL account.
Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. The company providing multiple deposit and withdrawals methods. But its charged a little fee while withdrawals on some methods.
Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms. I decided to work with brokers right away during my long years of practice. My https://limefx.club/ experience has shown me that a broker can run out of money and lose my money, but if you keep it with different brokers, you don’t have to worry. I am calm because they are unlikely to go broke at the same time.
LimeFx Regulation and Licensing in more detail
Leverage levels depend on the instrument you trade and are defined by the regulatory restrictions together with your personal level of proficiency. After making the initial deposit, victims are transferred to a more sophisticated scammer known as a “retention agent”, who takes more money from unsuspecting victims. The above live prices are provided solely for informational purposes, not for trading purposes, and may be delayed. We identified an SSL certificate meaning that the data shared between your browser and the website is encrypted and cannot be read by others. SSL certificates are always used by legit and safe websites. Unfortunately scammers increasingly also use SSL certificates so it is no guarantee that you are visiting a reliable website.
- They can make use of the tips to save themselves from poor execution as lack of awareness can lead to losses at such a time.
- Therefore, you should only risk trading when you understand that your capital is at risk at any time.
- Brokers that are not regulated mostly operate in the following manner.
- All traders can access the calendars at will once they are signed in.
Cloudflare is a Content Delivery Network (CDN) Platform that does not offer web hosting services. Additionally, Cloudflare collaborates with IBM Cloud and Google Cloud Platform, which implies that the three businesses have many well-known clients in common. The Domain Name Service (DNS), one of Cloudflare’s most well-known products, integrates security measures like a Web Application Firewall and a DDoS-blocker. LimeFx can be used by any operating system and is facilitated with technical and analytical indicators and charts. Moreover, LimeFx can be downloaded on a laptop or phone and provides easy management of different accounts.
Since the 2010 it has provided customers with great brokerage. I have specific respect for the forex brokers with such a history. Because the forex industry in general is a sphere of temptation to work unfaithfully. We as a community should give more credits to such brokers. Decent trading conditions are a pleasant supplement to an awesome reputation. The LimeFx MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give LimeFx traders detailed market tools.
What Is LimeFx
It has obtained a license from Cyprus Securities and Exchanges Commission hence Its activities are regulated by this agency. It offers it services to traders in all countries except traders from the United States. However, because the broker is regulated by the CySec and VFSC, there is a high chance that it is not a scam. With that being said, it still does not mean that LimeFx is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions.
These checks are a standard practice that helps LimeFx maintain a trustworthy financial environment for its 10,000 users. Detailed information on the LimeFx trading platforms is available on their website. The LimeFx MetaTrader 5 trading platform is available on Android smartphones or tablets powered by the Android 5.0 or higher operating system. Take the time to understand all of the LimeFx Android MetaTrader 5 features. With LimeFx MetaTrader 5 for Android, you can trade various financial instruments anytime, anywhere.
With CFDs, LimeFx traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset. To open a trading account with LimeFx, individuals can sign up on the LimeFx website. limefx forex broker Upon completing the signup process, users will receive login details via email, which they can use to access their accounts. LimeFx MetaTrader 5 Can Operate on newer iOS devices like the iPhone and iPad.
What we like about LimeFx
Moreover, clients can choose from different ECN accounts to meet individual needs. I have been successfully trading with a broker for about 5 years. When I am asked whether it is worth learning to trade, I can only say that the currency turnover in the Forex market is $ 4 trillion every day. The authoritative financial resource – Bloomberg, predicts further growth of intraday turnover in the Forex market over $ 10 trillion in 2021. I think it is a great success to be a part of global processes. I have been trading with LimeFx for almost a year and haven’t faced any issues.
💵 LimeFx Minimum Deposit :
Among LimeFx accounts, three ECN accounts are available based on volume, knowledge, and individual needs. Accounts with zero swaps, commissions and markups, or even fully customized plans for active traders or for traders with larger trading volumes might be offered. The platform, which is free to download, is packed with advanced trading features, including a built-in library of over 50 indicators for technical analysis.
LimeFx MetaTrader 5 has many advanced trading tools for more advanced users. Understanding these tools can give you a competitive edge. Download the Metaquotes MetaTrader 4 Program free of charge from Apple’s App Store. LimeFx customers have instant access to the financial market and can completely manage a Portfolio on the go. All payments made to LimeFx by traders are securely held in a segregated bank account. We aim to provide you with all the information in this LimeFx review you need to determine if LimeFx is the right fit for you.
Spreads/Commission in Forex
Tier 1 is the official measure of a bank’s financial health and strength.Trading with LimeFx is risky, and because the market is so volatile, losses could happen at any time. When using LimeFx, the minimum trade size is typically varies units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened.
Our Review Method
Like most Forex brokers, LimeFx offers leverage, an effective method for maximizing trading potential by increasing initial account balances. However, leverage should also be used carefully since it can also lead to losses. In addition, LimeFx is a member of the Investor Compensation Fund (ICF) which insures clients in the event of insolvency. User funds are also segregated in separate bank accounts at leading international banks so your money is safe from scammers. There are no charges for making a deposit except for mining fees if you top up using crypto.