One of the surest benchmarks to measure the safety of a brokerage is to establish which regulating authorities are watchdogs over its actions. Bitcoin (BTC) is the digital currency with the largest market capitalization and price levels since its inception in 2008. The decision about which platform to choose will depend on what a client would like to trade, therefore it will be one of the criteria when choosing a broker too in the first place. The bonus is just a reward for the trader’s choice that gives some of these expenses back to the trader, once proving himself as an active trader. The cost of trading depends on different factors like commissions, spread and margins.
What types of educational content does LimeFx’ blog offer?
LimeFx has focused on delivering fast order execution, with trades executed in as little as 0.03 seconds. Such rapid execution speeds are made possible thanks to No Dealing Desk technology, trading servers in one data center with liquidity providers, and advanced order routing technologies. The broker’s customer support team responds promptly to reviews on the Trustpilot page, indicating their commitment to ensuring the best user experience. Embedded at the core of LimeFx’ ethos is a mission resonant with global inclusivity and financial empowerment. The broker strives to present an expansive horizon of opportunities to its clients and partners across the globe, enabling them to navigate and conquer the intricate terrains of financial markets successfully. No, regardless of payment type, LimeFx does not charge commissions on any deposits.
This operation is soo faster which…
One of the main advantages is the convenience and functionality of the trading platform. There are all the necessary tools for analysis and trade, as well as the ability to configure the interface for your needs. Unlike certain other brokers, LimeFx does not charge limefx broker reviews any fees for accepting deposits via any of these payment methods (other than the fees charged by the payment provider). LimeFx is an offshore CFD & forex brokerage company registered in the Cook Islands, Saint Vincent and the Grenadines, and Mwali in the Comoros.
Depositing Funds
Overall, LimeFx can be summarised as a trustworthy and highly regulated Forex Broker that offers traders cutting-edge platforms and a wide selection of trading products. As a regulated broker, one of the requirements is that client funds must be kept in segregated accounts. The only bonus which is offered in the form of a deposit bonus by LimeFx only applies when traders are switching from one broker to this broker. One positive consequence of not being regulated by any government agency is that the broker’s sign-up process is quite simple, without the need to submit and verify a lot of documents. Be aware, however, that the issue of document verification often arises when it’s time to withdraw money from offshore brokers.
Company information
- A forex account at LimeFx will work similarly to your bank account, but it is primarily issued with the purpose of trading on currencies through the broker.
- This revolutionary Copy Trading Service stands as a beacon of innovation, offering a harmonious blend of simplicity, control, and flexibility for both investors and traders.
- This is a copy trading account option for those of you who want to copy signals from the strategies of other traders.
- The in-house mobile app offered by LimeFx provides the convenience of trading on the go.
Bank transfers may take a few business days to clear whilst some methods can be instant. This is a copy trading account option for those of you who want to copy signals from the strategies of other traders. Clients of LimeFx get free access to the excellent Autochartist market analysis software. This can be very useful to help identify chart patterns for potential trading opportunities. LimeFx does not provide services to citizens and residents in lots of countries which you can find listed on the brokers website.
Fast response Live chats
Continue reading to delve deeper into the features of LimeFx and discover what advantages it can offer you as a trader. LimeFx supports credit/debit cards, cryptocurrencies, ADVcash, and Perfect Money as payment methods. Autochartist automatically identifies chart patterns and key price levels, using this information to predict the most likely direction of the trend.
It is good to see they have responded to both good and bad feedback online. I am always impressed when a broker takes the time out to address any concerns although of course, it would be even better if there weren’t such concerns in the first place. It is great to see the broker supports Muslim traders with Islamic accounts that comply with Sharia law also available upon request. LimeFx also offer traders the MT4 MultiTerminal which is an MT4 feature that allows you to use several accounts at the same time with no need to re-login.
Additionally, the broker facilitates 24/7 cryptocurrency trading via the MetaTrader 4 and MetaTrader 5 platforms. Venture into a world where trading conditions are supreme, harboring hundreds of assets and offering an expansive array of trading options. Since our inception in 2007, LimeFx has been a beacon of impeccable service, merging innovation with customer-centric approaches to present our clientele with a seamless and rewarding trading experience. The dedication to impeccable service quality is evident through the rigorous order execution audits LimeFx undergoes monthly.
The MetaTrader 5 mobile app also provides many order types, including pending and stop orders. However, trailing stop-loss orders are only available from the desktop. To change the language of the MT5 app, you must change the language for your entire phone. As with the desktop and web platforms, the interface is not highly intuitive, but the MT5 app offers an above-average range of features. The broker also offers market research on trading tools, analytics, forex news, VPS hosting, copy trading, and AutoChartist.
This removes any possibility of fluctuations and provides peace of mind, thus making it more user-friendly. LimeFx’ two-factor authentication (2FA) usage was not explicitly mentioned on the website, although it is a typical security mechanism brokers provide. Verification of My Trade conducts regular audits certifying adherence to best execution standards with audit findings publicly accessible for transparency. Hereby, LimeFx offers youMetaTrader 4, MetaTrader 5 and LimeFx App.
LimeFx offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for desktop, web and mobile (iOS & Android). I find the platform easy to navigate and use it for both manual and automated trading. You can customise the layout to your preferences and conduct market analysis using lots of built-in indicators. I think the platform is ideal for anyone who is looking to trade online with relative ease. For its clients, LimeFx offers quite attractive commission conditions. It is important to note that the company does not charge any inactivity fees, nor does it charge for deposits and withdrawals, which significantly eases the trading process for traders.
He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry. LimeFx supports many payment providers, making depositing and withdrawing from your brokerage account a snap. While there are no deposit fees, withdrawals come with a charge and are the most costly via credit card.
If this matters to you, please feel free to search for an alternative in our broker ratings. Otherwise, you could try an LimeFx demo account to see if they live up to your expectations. It offers generous leverage, fast order execution, and direct access to global financial markets. Our last remarks on LimeFx emphasize its diverse choice of trading instruments, including forex, commodities, cryptocurrencies, https://limefx.club/ and others, which appeal to a broad spectrum of traders. The availability of many account types, including ECN for direct market access with minimal spreads and instructional materials like FAQs and a blog, make it more appealing to beginner and experienced traders. LimeFx may be tried out by potential traders, knowing that it is a reliable award-winning FX broker with many years of experience in the industry.