Forex Trading

LimeFxFX Review Is It Safe?

It is based in St. Vincent and the Grenadines (SVG), and it provides little to no regulatory protection. The security of your funds – in terms of regulatory protection – will depend on which LimeFxFX entity holds your account, and which –if any – relevant regulations provide customer protections. LimeFxFX is an up-and-coming broker that has been in operation for nearly 10 years.

  • Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
  • It is based in St. Vincent and the Grenadines (SVG), and it provides little to no regulatory protection.
  • This mail will have the link to advance in the account opening process.

The angry reviewers might simply lose a lot of their money and blame the house for ‘manipulating the sheets’. However, it’s not uncommon for a broker platform to want their users to lose. There are many reviews claiming that they do, however, so be vigilant. The official trading platform by LimeFxFX is actually not a bad choice, if compared to the other two options. You’ll get your speedy execution and partially automated experience without ‘desk interventions’. This is the vital element of any trading broker, and one where LimeFxFX may struggle to a certain degree.

LimeFxFX Pros and Cons

With a wide range of trading instruments, user-friendly platforms, and robust customer support, LimeFxFX provides an appealing choice for both novice and experienced traders. The broker’s low minimum deposit, competitive spreads, and comprehensive educational resources enhance its accessibility and attractiveness to different kinds of traders. However, it’s important to note that LimeFxFX doesn’t offer trading in certain instruments like ETFs and stocks.

➡️ Discover the basics of reading charts, including how to recognize levels and Fibonacci retracements. All personal data and financial transactions are secured and safe with LimeFxFX’s usage of some of the most advanced technologies. This is accomplished via the use of a 128-bit SSL-secured Personal Area. Guaranteed stop order fees, overnight funding fees, and currency conversion fees are not separately specified by LimeFxFX. Traders can access MT4, MT5, and cTrader via web applications directly from their browsers, conveniently skipping the need for software installation. A risk management tool is also available, called the drawdown percentage (DDP).

  • Trading signals are provided by Autochartist, and again the broker features a dedicated area of their site for trading tools.
  • The safety ratings of LimeFxFX are lower than most of the CFD brokers in Nigeria that are regulated by top-tier authorities.
  • Traders may open MT4/MT5 demo accounts at LimeFxFX, and there is no time limit on active accounts.
  • An increasingly popular platform on LimeFxFX, MT5 has
    been considered by many as a potential replacement for MT4.
  • Released in 2011, LimeFxFX had several licenses, including SVG registration, and opened the UK branch, but suspended this presence in 2017 and lost the FCA license.
  • Chart patterns are one of the most effective trading tools for a trader.

Investors can benefit from trading on the most popular market indices such as NASDAQ, Eurostoxx 50, Dow Jones etc. LimeFxFX offers platforms in all variations, web-based, desktop, and mobile, from Metatrader, and cTrader. This means traders can access MT4, MT5, and cTrader platforms depending upon their account type. Clients who wish to deposit and withdraw through cryptocurrency and local bank transfer will also find LimeFxFX very useful.

LimeFxFX offers a ranking system, which evaluates the Master Trader’s trading history with LimeFxFX. In-depth information on each Master Trader’s trading strategy and results are also available. Copiers are able to evaluate trades separately, and the variety of trading metrics LimeFxFX offers helps copiers make better decisions about the Master Traders they want to follow.

Exploring a Versatile Trading Platform – 4.5 / 5.0

Before copy traders get to follow Master Traders, they must first fund their copy trading account. LimeFxFX shows you how much money limefx broker reviews you should provide each Master Trader. Traders can either make a direct deposit or transfer funds from their trading account.

Transaction Fees

In this video you will learn how we traded the USD/JPY structure today using the trading charts and price action. Additionally, their competitions and trading bonuses
add an edge to their brokerage. For novice and even experienced brokers, LimeFxFX offers a wide range
of educational materials. If you’re afraid of financial setbacks on the platforms like this one, you can give a try to the cTrader app.

Simply enter your first and last names, email address, country of residence and address, and phone number to trade with a demo account. After your email has been confirmed, you can go to LimeFxFX’s user dashboard and create a demo account. LimeFxFX is great for investors looking for a low-cost option to get started trading a good range of assets, thanks to its narrow spreads and low opening balance requirements.

Trading Fees

LimeFxFX isn’t a publicly traded company, and it doesn’t run a bank. LimeFxFX is regulated by none of the tier-1 (high trust) authorities, one tier-2 (medium trust) regulator, and none of the tier-3 (low trust) regulators. LimeFxFX’s research offering has a solid foundation since it includes a little bit of every basic type of content. LimeFxFX, however, has some room to improve its research offering when compared to research heavyweights Saxo Bank, IG, and CMC Markets. Between August and October this year, 630 of the 3340 systems featured on LimeFxFX’s copy trading platform were profitable, accounting for around 18 percent of all strategies.

LimeFxFX offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable instruments. There’s no question – if LimeFxFX wants to compete with the best MetaTrader brokers, it needs to make improvements in its range of products and its research and education. LimeFxFX’s market research is well organized and varied in its content. Rather than specializing in any one field, LimeFxFX provides a wide assortment of content types.

LimeFxFX Alternative Broker Comparisons

They are also one of the few brokers to utilize both Metatrader and cTrader platforms. This will be largely welcomed by traders, and certainly opens LimeFxFX to a wider demographic, particularly among those more experienced traders. The fact that LimeFxFX is based and regulated in Saint Vincent and the Grenadines is the first and primary differentiator.

LimeFxFX was founded in 2011 with headquarters in Strovolou 47, Kyros Tower, Nicosia. The LimeFx Trader platform is the easiest to access as it is the broker’s own interface. Setting up with MT4 or MT5 requires making a note of the additional log-in details provided by MetaTrader, which provides the platform to LimeFx FX under licence. Withdrawals are commission-free, but it is worth checking if your third-party provider offers equally competitive terms. LimeFx FX stands out from the rest of the sector regarding payment options.

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