It’s essential to take the time to learn about the financial markets and understand how they move before diving into trading with LimeFX. Familiarizing yourself with the LimeFX trading platform is crucial to use it effectively. 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.
This means LimeFX are supervised by and is checked for conduct by the Financial Services Authority (FSA) Saint Vincent and the Grenadines regulatory bodies. The Strategy Managers earn through commissions paid by their copiers. Again, I must emphasize that past performance is by no means a guarantee of future performance.
- You must also ensure the LimeFX broker’s profile, trading tools, fees and regulation aligns with your needs and goals.
- EAs are trading scripts that will run 24/7 and trade automatically.
- The name on the payment processor and LimeFX trading account must match in compliance with AML regulations.
- When you transfer money in your trading account from the bank account, a deposit fee can be charged by the broker.
- MT4 on LimeFX offers traders comprehensive features and tools to enhance their trading performance.
- You have to keep in mind that PayPal is not available in every country.
In contrast, the MetaTrader 5 app provides financial news updates, market depth information and a full set of orders. The process for opening an LimeFX International account is designed expressly to be as simple and swift as possible. After completing the initial registration form, a verification pin code is sent to the email address or mobile phone number supplied. Withdrawals are usually processed within 24 hours and quickly sent.
Is LimeFX regulated?
Commissions are low, so I like the trading conditions they offer. What I don’t like is they don’t offer paypal or debit card deposit/withdrawals so you are stuck only with bank transfer or BTC. If they add more payment options and get a better regulation I will give 5 stars. Although traders have had great success with LimeFX, trading on the financial markets with LimeFX is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase.
- LimeFX’s ECN accounts would be more suitable for experienced traders.
- We may receive compensation when you click on links to products we review.
- Using Autochartist can save LimeFX users time and makes the trading process more efficient.
- I had some trouble withdrawing money that left a bad feeling after working with them.
If you are looking to learn the basics of trading, there are a variety of trader education tools. Simply open the ‘Learn to Trade’ tab and you will find articles such as ‘The Beginner’s Guide to Trading’. They do offer negative balance protection, so if a market changes quickly against your current trade, your account won’t fall into a negative balance.
These seem quite exciting and LimeFX keeps the list regularly updated. Of course, we would encourage you to make sure that you are familiar with all of the T&Cs before you start trading. You can think of this as a trading loyalty program where you are rewarded for the volumes that you trade.
You will be exposed to a high risk of loss regarding leverage and margin-based trading. We tested communicating with LimeFX customer support in multiple languages and countries. LimeFX have a double AA grade support rating because LimeFX offer live chat and email support in multiple languages. LimeFX MetaTrader 5 has many advanced trading tools for more advanced users. LimeFX are able to accommodate various levels of traders whether you are experienced or a beginner.
What is LimeFX’s minimum deposit?
I really appreciate it when a broker goes above and beyond for their social responsibilities. Posting the latest news, reviews and analysis to hit the blockchain. Firstly, we were quite disappointed to see that there was no way to trade single stock CFDs. You can only trade index CFDs which are not ideal for those people who want to trade companies instead of the broader market.
This is LimeFX’s social trading platform that enables you to replicate the strategies and trade positions of another trader called a ‘Strategy Manager’. I like how there is a list of strategy managers along with their performance statistics to assist you to make a choice. Overall, we found LimeFX to be a reasonable and transparent https://limefx.group/ broker that has low spreads with an attractive array of assets to trade (apart from their equity assets). Finally, the lack of a regulatory licence is disconcerting for us. Yes, they are a member of the financial commission but without a governmental body watching over them, clients cannot be certain that you are fully protected.
Account types
LimeFX also provides an economic calendar free of cost to all its clients. This calendar posts details of any major events occurring anywhere around the globe that could possibly impact the forex market. This calendar is extremely useful in determining when a market could become volatile in advance.
You can run the plugin simultaneously across a range of different markets as well. The videos are also a nice touch as they can be run in background when you are conducting your analysis. Some of them were a bit difficult to understand on account of the accent of the presenter which is slightly unfortunate. They are a combination of written reviews as well as video pieces. These seem pretty comprehensive and the author / presenter knew what they were talking about.
Trading Hours
LimeFX makes use of Metatrader technology which was developed by the Metaquotes company. These platforms are the most widely used third party platforms at brokers. Of course, if you do not want to risk your funds at first on a live account then you can always opt for the free demo account on offer at LimeFX. This is especially at a time when we are seeing other brokers providing free funding / withdrawal options. In terms of the fees charged on deposits / withdrawals, it will depend on the type of funding that you do decide to use and the type of currency that you will be funding in.
Performing trades with LimeFX
We found good trading technology and excellent education and research section, which is good for beginners, also conditions are overall good. Their PAMM investment system ( a kind of copy trading ) has NO STOP LOSS and NO TEMPORARILY QUIT! This is a very bad point.Additionally, their user menu is a bit complicated and confusing I think. We hope you found our review of the LimeFX brokerage firm useful.
How to open an LimeFX Account – Step By Step Guide
When you fund money to LimeFX, money is in a segregated bank account that is separate from LimeFX company’s funds. As a regulated broker, LimeFX cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by LimeFX. Instead, your LimeFX funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with LimeFX. Also LimeFX is regulated in its local jurisdictions including major financial regulators like Financial Services Authority (FSA) Saint Vincent and the Grenadines.
Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Trading Futures and Options on Futures involves substantial limefx reviews risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Opinions, market data, and recommendations are subject to change at any time.
In the trading world, the fees and spreads are major determining factors of your profitability rate, especially when trading with such high degrees of leverage. The pro account, on the other hand, gives you unrestricted access to all trading products and features but requires an account size of at least $ 10,000. It’sIt’s best to think in advance about what you limefx scam expect from your LimeFX account and what you can do with it. The Investing Brokers team have over 15 years of experience in the online brokerage industry and are committed to providing reliable information for all of the brokers that we review. LimeFX has a variety of different features and innovations from being in the industry for as long as they have.