LimeFx Broker LimeFx Review

I was scammed twice before by fake recovery company who said they could help but didn’t. Be empowered to trade CFDs on FX, Stocks, Commodities, Crypto, Indices & Options. Get advanced tools, personalised support, uncompromising security. Many people are probably wondering whether they can buy the actual stocks on LimeFx? This means that you don’t have to go through the whole process of actually buying the asset, but can instead benefit from speculating on the price movements of the CFD you are investing in.

LimeFx trading fees are average.The fee structure is very transparent and trading costs are easy to calculate. However, if fee levels are your most important factor, then there are better alternatives. On the negative side, LimeFx has an inactivity fee of $50 per quarter after 3 straight months of inactivity. LimeFx’s minimum deposit via Credit/Debit Card is $250, while the minimum deposit via wire transfer is $500.

LimeFx forex broker

LimeFx and LimeFx earned a reputation for trustworthiness, deservedly so. LimeFx has slightly more experience than LimeFx and maintains a broader net of global regulators, while LimeFx has significantly more traders. Both brokers have a clean regulatory track record, segregate client deposits, and provide negative balance protection. Traders have access to a safe and secure trading environment at both brokers alike.

LimeFx Review

However, clients get social/copy trading capabilities through ZuluTrade and DupliTrade. Their pricing schedule is mostly average and their platforms’ research capabilities are lacking. However, limefx official site LimeFx offers outstanding educational resources to traders of all levels. LimeFx also provides excellent research tools and information, while MetaTrader traders can utilize Autochartist.

LimeFx forex broker

Phone support was also responsive from the 3 or 4 calls that we made. Email support is rather quick with response times being within a couple of hours and most responses were on point too. Increase your revenues by promoting LimeFx’s complete asset index. In addition to trading CFD’s where you can trade the latest cryptocurrencies, forex, stocks, bonds, ETFs and indexes, you can promote options too! LimeFx is opening the global markets and creating endless trading possibilities. LimeFx provides you a great bonus system you should definitely take the advantages of.

The broker provides different trading platforms such as WebTrader, Meta Trader 4 / Meta Trader 5 , AvaOptions, etc. WebTrader and Avaoptions are its trading platforms, whereas MT 4/MT 5 are third-party platforms. You can trade most ETF and individual stock CFDs only on the MT 5 platform.

Additional Features – Copy Trading and Educational Tools

In order to get the withdrawal process started, just complete the withdrawal form. In order to buy Bitcoin on LimeFx, you need to go over three simple steps. Then, you go long by buying Bitcoin or go short by selling Bitcoin. You can use different order types to trade, and you must consider using stop-loss orders when opening a trade position. Contact Summitrecoup Dtcm to help recover all your scammed funds. Got all my funds recovered after weeks of getting in touch with them… over $256,850 recovered after my trust wallet account was being hacked and manipulated.

LimeFx forex broker

Its good performance is owed to the large clientele base it has managed to acquire over the past few years and are drawn from all over the globe. While both brokers offer commission-free trading, at LimeFx, it only applies to unleveraged buy orders. LimeFx additionally maintains more competitive spreads, which add up over time and volume. LimeFx remains one of the more expensive brokers operational today, as it must generate revenues to pay its leading investors, giving LimeFx a notable advantage. Even novice traders will get the hang of the MetaTrader platforms quite quickly and the customisation means they can tailor it to their own preferences. Traders looking for more control and the ability to make more complex orders will likely need to use MetaTrader 5 exclusively.

Transaction Cost A

All in all, LimeFx has great customer service, aside from the unresponsive phone service. LimeFx is regarded as a low-risk broker, however, there are a few details that raise red flags. They are not listed in any stock exchange and they’re not very transparent, as their financial information is not publicly available. Spreads can be very low-cost, but other prices are mostly average and there are some important hidden fees to look out for.

Offering forex, and CFD trading that covers indices, stocks, commodities, and ETFs, LimeFx provides multiple trading platforms to keep any level of trader happy. With decades of experience, extensive regulation, and a wide range of trading opportunities, there are plenty of reasons why investors are choosing LimeFx in 2022. LimeFx is an international forex broker with a large selection of LimeFx types, trading platforms, and account types. The broker also offers an LimeFx demo account for the new traders to help them learn trading before investing their real money.

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FX options are excellent derivatives that offer some practical advantages to traders. Traders buy call options when they expect asset prices to drift upwards, and they buy call options when they expect prices to fall. We introduce people to the world of trading currencies, both fiat and crypto, through our non-drowsy educational content and tools. We’re also a community of traders that support each other on our daily trading journey. Their most popular trading platform has basic order placing, portfolio analysis, and customization capabilities. Alerts and notifications are not available on the web version, and the platform feels outdated in general.

  • LimeFx provides a wide range of services, from user-friendly trading platforms to great educational content.
  • LimeFx has its headquarters in Dublin, Ireland, and provides various financial instruments and a wide range of trading platforms for manual and automated trading.
  • WebTrader and Avaoptions are its trading platforms, whereas MT 4/MT 5 are third-party platforms.
  • Forex fees are a little higher with about 0.9 pips as the average cost during peak hours.
  • Some of the more popularly traded exotics include the USDZAR, EURTRY and GBPSGD.

The lack of an ECN account further complicates things for larger traders, in particular for those who seek Direct Market Access conditions with tight spreads and fast executions. Traders can make a deposit through different payment options, namely wire transfer, credit/debit cards, and other online payment processors such as Skrill and Neteller. The broker promises instant deposit minus the fee of transactions, but withdrawals can take a long time. LimeFx specifies a minimum of 5 days for initiating withdrawals, which is way too long than other regulated brokers in the market. It depends on the preferences of the individual trader, but LimeFx maintains an overall more competitive product and services portfolio. LimeFx is an excellent choice for pure Forex traders, especially high-frequency ones in the DMA account from the Advanced Trading Platform.

Introduction and some basics for LimeFx

The use of leverage can both work in your favour and against you. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. AVAOPTIONS -The typical Bid-Ask Spread for instruments and Option Spread is displayed for AvaOptions Trading. The Options Spreads are based on one-month at-the-money options. The average spread cost for GBP/USD and USD/JPY is 1.6 & 1.1 pips, respectively.

We would like LimeFx to set up an office in the USA and become regulated by the CFTC and NFA, which will help in increasing the trust among traders exponentially. You can make deposits via bank transfers, credit/debit cards, and e-wallets such as Neteller, Skrill, Klarna, Webmoney, etc. The current minimum deposit is 100 units, no matter the currency. The withdrawals can also be made to the same options as deposits and do not include any fee and may take up to 3 business days.

This means that success will be hinged on your ability to manage risks effectively. Part of risk management is also how and when you will make withdrawals so that you can balance between enjoying your profits and maintaining a healthy capital amount to trade with. Currency exchange rates usually post tiny variations, and a pip is typically the last decimal place of a currency pair’s price quote.

LimeFx vs LimeFx – Verdict

The live chat feature doesn’t seem to work on Firefox as all I got when I tried it was a never-ending loading screen. All in all, LimeFx seems to be completely safe for customers despite its past quarrels with national financial authorities. They had to pay €175,000 in Belgium because they failed to provide a prospectus for some of their products. LimeFx also advertised the aforementioned products without seeking approval from FSMA, a top financial authority in Belgium.

Online trading involves significant risk, and you may lose all of your invested capital. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only. The customer support team gives detailed and relevant answers through the live chat function. The email response time is pretty fast, and the reply is within a day. However, LimeFx customer support is available only five days a week. It provides its own mobile trading platform LimeFxGO, available for Android and iOS.

Step four: Start trading

A price quote will generally have four decimal places, but some brokers go up to five decimal places. LimeFx allows payments via a selection of safe and convenient payment methods including wire transfer, debit/credit cards and various eWallets. At LimeFx, when we say the trader comes first, we really mean it. Customer service is available in a variety of languages; and you can always stay in touch with LimeFx via our social channels for fresh market updates and news.

LimeFx maintains a broader asset selection, a more extensive choice of trading platforms, and a lower cost structure in the commission-free trading account. The standard account is free to open, and you’ll only need a $/£/€ 100 deposit to get started limefx courses scam – although you can use the LimeFx demo account before you make a deposit. Islamic traders can open a Swap-Free account that will ensure they do not earn any rollover points for overnight trades or accrue interest for deposited funds in their account.

There are no account management fees and deposits and withdrawals are also free. There is no additional cost for using the Copy Trading platforms and trading fees are built into the spreads. For example, Europe 50 CFDs average about 2 points during peak trading hours.