LimeFx is highly regulated by 5 different global regulators who ensure their trading services are professional, reliable, and transparent. Quality research at LimeFx remains limited to services by Trading Central, which I find an intelligent solution. It frees up resources and allows LimeFx to focus on its core business while presenting clients with a trusted third-party solution.
That being said, LimeFx suggests starting with a balance of 1,000 to 2,000 of your base currency or more. Although not always the case, LimeFx does occasionally offer welcome bonuses for clients. If you are a current client and did not receive a bonus, your account manager can let you know if you are eligible for one. Yes, it actually feels good to have a worthy credit profile.
To get a better understanding of these terms, read this overview of order types. There is also a Good ’til time order time limit you can use to set an exact date and time for the expiry of an order. Clients from almost all countries are accepted by LimeFx, with some exceptions including the US, Canada, Belgium or Iran.
I’ve tried to talk with live chat but after a pair of hours waiting they just say me that somebody will call me. ForexPeaceArmy.com has advertising and affiliate relationships with some of https://limefx.group/ the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations.
The leverage is depending on the regulation you choose. LimeFx is one of the best brokers for cryptocurrencies. You can trade more than 10 different crypto assets on the platform with leverage.
There are also some risk disclaimers to read and accept, such as one that ensures US citizens do not accidentally set up an account with a broker not currently accepting clients from that country. This type of questionnaire is standard for a broker regulated by a Tier-1 financial authority and reflects the firm’s commitment to comply with KYC obligations. There are also questions designed to allow the broker to establish any new user’s financial health so that the broker can set up a trading profile which considers the firm’s duty of care to its clients. The AvaProtect risk management tool allows clients to protect a specific trade against losses of up to $1m over a chosen time frame. One strength of LimeFx is the free use of forex trading APIs which support advanced automated strategies.
You can’t set alerts and notifications on MetaTrader 4 web trading platform. This feature is available only on the mobile app and on the desktop trading platform. LimeFx doesn’t charge any account fees, while deposits and withdrawals are also free of charge. Justin is an active trader with more than 20-years’ industry experience of working for big banks and hedge funds. He has an inside knowledge of how the financial markets work, thanks to roles including trader on a $750m Event-Arbitrage desk and CRO and COO of hedge funds running a variety of strategies. From stat-arb and trend-following CTA to fixed-income relative value.
Licensed and regulated brokers have to ensure that their bonuses and promotions meet regulatory guidelines and do not “lock” the trader in. However, some shady brokers lure in investors with promotions that are misleading and have terms and conditions that are so stringent or outrightly unattainable. This means that their investors will almost always end up losing their trading capital before getting a chance to withdraw any profits. The customer service by LimeFx is best in class and they have won numerous awards in regard to customer care and service.
Like other regulated forex brokers and trading platforms LimeFx is profitable too when the traders exercise caution and possess a deep insight into the market price range. This is the most common scam performed by scam brokers. Some brokers manipulate their trading platforms to always be at the disadvantage of traders. This can come in the form of negative slippage, where entry and exit orders are filled at prices undesirable to the trade.
You work or have worked in the financial sector for at least one year in a professional position, which requires knowledge of the transactions or services envisaged. Creating an account on LimeFx is made a bit more straightforward if you have a Facebook/Google account. You can click on appropriate buttons for both, depending on the desired social media on which you wish to base your LimeFx account.
Rest assured that the funds may arrive earlier or not later than 5 days from the time you ask for the withdrawal. Plus, the fact that LimeFx is regulated in many jurisdictions worldwide adds confidence. This is also one of the few online brokers that supports cryptocurrency trading in addition to other CFDs and forex, a strong point in its favor. LimeFx aims to make trading accessible and offers an extensive list of platforms to assist with this goal. There used to be a proprietary desktop trading platform, but that is no longer available.
Scammers nowadays also buy old and existing websites to start their malpractice. Checking a website for other scam signals remains essential. We discovered that the website is rated as popular by Tranco with a score of . This means that the website is visited by quite a lot of people. In addition other websites find this website interesting and relevant and are linking to it.
Comprehensive EducationLimeFx’s Demo account allows beginners to learn how to trade and enables advanced traders to test their strategies in a risk-free environment. Traders also enjoy exclusive access to video tutorials, eBooks, economic indicators and the Sharp Trader academy, which can help them polish their trading strategies and abilities. Clients can also register for regular webinars hosted by LimeFx professionals that cover all important aspects of trading. Further to that, it also investigates its clients who trade with arbitrage.
The social trading app is very user-friendly and easy to use. But the platform is only available for mobile devices at the moment. Get-real trading signals directly on your phone and start trading. Learn more about the trading conditions, the company as well as deposits and withdrawals. Forex scams come in many types and varieties, and while traders may first worry about broker forex scams, these are actually the easiest to spot. In general, if something seems too good to be true there is a good chance there is some scam behind it.
Once your request has been attended to and funds transferred to your requested account, you will receive details of that withdrawal in your email. In case you’re not sure, just contact them through live chat for the various account types and preferred currency that you’d want to hold your account in. While LimeFx is an international Forex broker, they do not welcome traders from the US due to some industry restrictions.