LimeFX Review Pros & Cons Revealed

On the flip side there is withdrawal fee for Bank Wire transfer in some regions, and there is no 24/7 support. Réka has attended the International Business and Economics bachelor program at the Corvinus University of Budapest. She’s eager to help investors find the best LimeFX providers, through writing extensive reviews. On a more personal level she wants to develop her skills and grow professionally on this field.

The order types and educational and analysis tools help you to make the most of your time online. There are no account, deposit or credit/debit card withdrawal fees. There is an inactivity fee of $50 fee after one year of inactivity and withdrawals by bank transfer incur fees. Conclusively, the services offered by the LimeFX company are impressive.Users on the platform are excited about the high standard of the educational center on the platform, especially the demo account feature.

Is LimeFX legit

Beginning traders engage in forex trading or copy trading by signing up with the Cent Account of FBS. The users have to make an initial deposit of only USD 1 to initiate low-risk trading in the markets. The feature-rich platform of FBS is accessible in mobile devices, like smartphones, tablets, and laptops, through the mobile app of FBS.

Author of this review

If you are trading higher amounts like £500,000 regularly, strengthening the security level of the account is advised. In conclusion, LimeFX is regulated by the FCA , ASIC/AFSL , CySEC , and FSCA . These are the highest regulation authorities in the world for forex trading.

  • Professional traders are only compensated with an agreed amount of commission or salary.
  • We aim to help traders in South Africa find the best forex brokers.
  • You can even contact the LimeFX trading desk and place orders directly if you have a problem such as no Internet access or a failure to connect to an LimeFX server.
  • Conduct trades in standard lots and stand to win grand prizes like MacBook Pro, iPad Pro, Super Prize, and more.
  • LimeFX offers competitive spreads on currency pairs and CFD instruments.
  • They can lock your account, you will not able to trade until they solve problem what they create, you will lose more money.

Still, this leading online broker ranks highly among its competitors due to its impressive number of platform choices, quality research, helpful educational resources and tight dealing spreads. The broker’s proprietary Trading Station platform is available for iPhone and Android mobile devices. The app features a simple, intuitive interface for entering orders and receiving confirmations, as well as powerful trading tools and charts with access to research.

With LimeFX, your funds are stored on segregated bank accounts so that should anything happen to the company, your money will be safe. Plus, in some jurisdictions, including that of the UK and France, you are also protected by fund insurance schemes. Hi guys, i am trading with LimeFX and after winning my trades are all going south to an extent they closed 1140gbp wroth of loss making trades at the wort time for a 5gbp margin call. Let me know if any one here has had similar issues or margin calls that resulted in the maximum loss, where closing one position would have resulted in the balance being normalised. Third week into trading I noticed my PC was hacked mysterious by some anonymous person. This is when things went downhill for me and lost all my money in the live account from placing trades that I kept loosing every time after being hacked.

Is the quality of customer service satisfactory?

The NinjaTrader platform is free to use with a funded account for charting, market analysis and live trading. – TheForex Brokeroffers currencies, commodities, indices, metals, and cryptocurrencies to trade. Overall, the strong background of the broker, years of successful operation, and reputable in the financial world owning company is a state for the LimeFX’s reliable and safe trading environment. Active or high volume traders can enjoy their benefits with various available interfaces, good and competitive value spreads or offerings with advanced technical features. ZuluTrade– Fully-integrated with LimeFX’s trading platform, ZuluTrade lets you Copy Trade using one of the world’s largest social auto trading platform. Leave your LimeFX decisions to experience and successful traders as you learn from their strategies and profit from their successes.

I have found spreads on LimeFX remain variable, but narrower than competitors and do not increase once profits are made. I have withdrawn thousands limefx reviews of pounds from my LimeFX account and have had no problems. You can’t execute a trade all the time when it does not work in the broker’s favor.

Trading with ECN technologies is a highly advanced and strategic approach to gaining profits from the markets. The ECN Account allows the users to engage in direct buying and selling of assets without the involvement of a broker. One needs to make an initial deposit of only USD 5 and then verify the account to start social trading and investing in assets. The typical spread for trading in energy commodities ranges between 8 and 14.

  • An FBS side Forex trading TV for the telecast for weekly insight reports, informational videos, and trading strategies.
  • Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here.
  • Yes, LimeFX offers 24/5 multi-lingual online Customer Service support in 8 languages via phone, email, live chat, SMS and WhatsApp.

For your strategies, you can rent a VPS server so the strategy can run 24 hours per day. Overall, the MetaTrader is very user-friendly and shows high professionalism by customizing each tool and indicator. LimeFX is a truly international broker that operates all across the globe. Our review of the broker’s trading site revealed that LimeFX was established in 1999 with the goal of introducing safe trading practices across Europe. LimeFX is regulated by three agencies from three countries, including Australia, the United Kingdom and South Africa. These licenses ensure that your funds are stored in segregated accounts and some jurisdictions, you’re also eligible for fund insurance.

ROInvesting is a Cyprus-based CFD trading platform which is registered and authorised by the Cyprus Securities and Exchange Commission and which offers a variety of markets, including cryptocurrencies. The platform is continually developing its solutions and releasing new products and trading pairs. Choose from the supported trading platforms such as MT4 and based on your trading goals and preferences. Placing your first trade involves a myriad of key elements such as leverage, margin requirements, choosing whether to go long or short, placing an order type and more. As LimeFX supports a wide range of trading platforms and features, both beginner and experienced traders will find that this online broker has a lot to offer to help meet their trading needs and goals.

Trading Instruments

Each of these newsworthy economic events can create changes in the value of different financial assets and positions on forex trading. LimeFX Prime falls under the brokerage’s institutional services. LimeFX Prime caters to those customers who need market data and execution access across multiple trading venues, and who wish to settle such activity in one, centralized source through one account. Traders and investors cannot directly access the forex market.

Is LimeFX legit

All I read online is stories of stop hunting, spread increasing, false graphs being relayed etc. The team at MyChargeBack – a specialist group dedicated to helping consumers recover funds lost online – is available 24/7 and has helped consumers all over the world recoup millions of dollars. Mistakes can happen even with the most cautious of investors, and should be used as a learning opportunity.

How to open a forex trading account with LimeFX in South Africa

The fees highlighted above are passed on to the trader per round turn basis. The charges or costs sustained by a user opening and exiting a transaction in a market are referred to as per side fee. Future brokerage on LimeFX provides a round-turn pricing schedule that involves all clearing fees, exchange fees, broker’s commission, and NFA fees in a single amount. In the forex industry, this kind of cost is known as an all-in fee and commission price. LimeFX provides 4 different trading platforms to get access to the financial markets.

Lastly, the trading platforms don’t offer safer two-step authentication. With this account, you can take advantage of lower spreads and other benefits. To qualify for the Active Trader program, you’ll first need a normal LimeFX account. After that, your monthly trading volume should exceed $50 million, and you must maintain a minimum account equity of $25,000 for a given month.

  • It is also possible to set up price alerts either by email or text message.
  • LimeFX’s daily newsletter, Before the Bell, provides helpful info and daily trading ideas based on the market analysis of LimeFX’s experts.
  • Perhaps this has its origins in different standards prevailing across territories.
  • The broker now has office locations and traders around the world and are regulated by numerous top-tier bodies around the globe.
  • Users can choose LimeFX’s own Trading Station or some of the other well-known trading platforms like MetaTrader 4, ZuluTrade, and NinjaTrader.

LimeFX offers access to 5 asset classes via multiple trading platforms, including LimeFX Trading Station and MetaTrader 4 . The asset classes include forex, cryptocurrencies and CFDs on shares, indices and commodities. Yes, LimeFX is a legitimate forex and CFDs global brokerage group and electronic trading platform.

Fortunately, fully-vetting signal & system providers, brokers and managed funds is relatively straightforward in the online space. Through a bit of research, one can establish if an entity is in good legal standing and reputable. With the TradeStation, you get access to financial news, education and research material, analytics, and professional charting. It is a multi-functional platform that provides any service that a trader needs. In addition, the compensation layout for each type of trader on this platform varies. The retail traders get direct profit as their account balance on the platform grows.

By creating an account at LimeFX, you get the ability to trade 70+ instruments. The main product class here is forex, which is why the broker offers 39 currency pairs and 3 currency baskets. However, if you want to diversify your portfolio, you can also trade cryptocurrency, index, commodity, share CFDs.

I would like to do business with you, but if your statements don’t jive with your documents I would be a fool to give you my money. Sorry, what you are telling me verbally means nothing according to LimeFX documentation and actually contradictions these very same documents? If LimeFX and you say they are not a NDD broker they had better update their documents because they say they are. There is a huge lack of honesty here and the trading public is getting taken to the cleaners.

For all intents, my deposit with FCXM has now been confiscated. Last Look is usually an advantage banks get when they are the LP. But the last look that they get is not used so often in the institutional environment, and it is extremely rare for them to do it to a retail client since the volume is that much lower. The only broker who won’t allow last look are market makers, and there you have issues with requotes.