LimeFX review 2023 ++ Good forex broker or not? Test

LimeFX international review

LimeFX creates an opportunity for you to bring in your funds for money managers to trade on your behalf. This PAMM service has made LimeFX very popular because it has attracted thousands of investors from all over the world. LimeFX International is owned by Exinity Ltd which is a financial investment company located in Mauritius. The firm is authorized and regulated by the Financial Services Commission (FSC) of the Republic of Mauritius. LimeFX Ltd is authorised and regulated by the Financial Services Authority (FSA) of St. Vincent and the Grenadines.

  • Overall, LimeFX FS is a regulated broker with an unusually rich selection of learning and education material available to both demo and standard accounts.
  • What is available is of good quality, professionally presented and available in a variety of formats.
  • It received its license back in 2013 and has been able to maintain a clean regulatory status since then.
  • LimeFX is a great Forex broker that has been on the market since 1998.

The broker is supervised and regulated by renowned and reputable organizations. These regulatory authorities safeguard the traders with issues like reimbursement schemes that recover the investments of an investor if the broker goes bust. Swap-free Islamic accounts are available, and all account types except for Nano MT4 limefx review are eligible for PAMM accounts. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database. LimeFX has two regulated subsidiaries with a superb corporate owner.

MetaTrader 5 Trading Platform

The advantage of mobile trading is that you can check or manage your trading portfolio 24 hours per day. All trading techniques such as scalping, hedging, rollover, and trailing stop are possible on the platform. LimeFX exclusively offers MetaTrader 4 and MetaTrader 5 for trading. Apps for iOS and Android are also available for those who want to trade on mobile. For trading aids, practical guides analyze, but also a direct support team is available to members.

The process requires the traders to enter their email addresses and registered phone numbers. Once these personal details are verified by LimeFX, LimeFX login is possible and the clients can start trading. E-wallets do not cost a penny but for a standard bank transfer, the withdrawal fees can cost almost 30 dollars, a percent of the fund amount. The popular payment options are – bank wire transfer (both local and international), Bitcoin, Neteller, WebMoney, Skrill, VLOAD, Perfect Money, credit cards, debit cards, and many more. The 1000 to 1 leverage amount reduces as the notional size of the open position increases. If the notional value touches $8 million, the leverage amount falls to a minimum level of 25 to 1.

worst experience I ever have in my life…

This includes the standard bank transfer and card payments you would expect from most brokers along with a variety of digital wallets. I personally prefer using eWallets as I can get quicker access to my funds which is important if I need to act fast on some market news. The broker provides customers with access to the MetaTrader 4 and the MetaTrader 5 platforms, giving them a choice from more than 250 financial instruments and several account types. It is recognized in the industry for ensuring high levels of customer satisfaction. Of course, providing you with the best software is a big part of that mission, which is why we offer forex trading platforms MetaTrader 4 and MetaTrader 5 to download for free.

LimeFX also offers a demo account that you can use to practice and become familiar with their platform. LimeFX places all client funds in a segregated bank account and uses tier 1 banks for this purpose. LimeFX has been established in 1998 and is headquartered in St. Vincent and the Grenadines.

LimeFX international review

LimeFX has proven itself to be one of the important players in the competitive world of FX brokers, and it is a valid choice provided that their account offer suits your trading plan and vision. Trading costs improve in the ECN MT4 account, which requires a $300 minimum deposit. They are also competitive choices for scalpers and algorithmic traders.

Mobile trading with LimeFX (App for any devices)

The Compensation Fund covers judgements of up to €20,000 per client. Both of the MetaTrader platforms, MT4 and MT5 can both be accessed using the MetaTrader App, which can be downloaded for no charge on both Android and iPhone. They can also be accessed using the WebTrader version of the MT product limefx official site range, which requires little more than an internet browser to allow access to the markets. The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds. LimeFX is a great Forex broker that has been on the market since 1998.

LimeFX international review

If you are looking for commission-free withdrawals, we suggest you use Neteller, Skrill 1-Tap, GlobePay or TC Pay. This is a type of contract between you and your broker, LimeFX International in this case. You speculate on the entry and exit values of different company stocks without owning any assets. You start following and copying the trades of a Strategy Manager who makes a $500 profit on his next successful trade. Through LimeFX CopyTrade, the Strategy Manager earns 10% of this profit, while you add $450 to your investment for a total of $1450. You only pay your Strategy Manager when they produce a profitable trade.

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This option is recommended to newcomers with no previous trading experience. It gives them the chance to learn to trade in a risk-free environment. The broker tops up demo accounts with $1 million in practice credits. At LimeFX International, customers have the chance to trade with more than 60 currency pairs, having a choice from different major, minor, and exotic options.

In addition to the standard foreign exchange options, the broker also enables its clients to trade different cryptocurrencies against the USD. The available cryptocurrencies are Bitcoin, Ethereum, Litecoin, and Ripple. The leverage is flexible and is based on your chosen cryptocurrency.

Also the regulation is not the best, but I see they do protect investors by paying insurance, so we are protected up to 20k EUR in case they go insolvent, like they did in 2015 with CHF black swan event. If they add more payment options and get a better regulation I will give 5 stars. A free demo account allows traders to familiarize themselves with the trading platform of the Forex Broker and to test it with all the features thoroughly.

The type of trading offers the same trading experience to a trader but the account will copy all the moves of the professional traders known as Strategy Managers, through the platform. This automatic process of Copy Trading does not require any action of the users as the account automatically copies the trade. Though the type of accounts is freely offered, there are specific trading markets that are not available to certain accounts.

Many of them incur zero fees and quote processing times as fast as “instant”. MetaTrader is world-renowned for the trading tools and indicators it provides to traders. LimeFX builds on this by giving a clear breakdown of the relative strengths and weaknesses (mainly strengths) of MT4 and MT5 and point out how many off-the-shelf indicators come with each account package. Those looking for Swap-Free / Islamic accounts would do best to consider the MT4 based account types.

LimeFX offers demo accounts for MT4 and MT5, which require a quick application and verification of an e-mail or phone number. There is no expiry on the LimeFX demo account, and traders can customize settings like account balance and leverage. I advise traders to select parameters similar to planned live portfolios for a more realistic demo trading experience. LimeFX added functions to its demo account to simulate live conditions, including virtual deposits, leverage changes, and deletion of old accounts. It confirms that LimeFX understands the requirement of demo traders for beginners and seasoned traders.

Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. In summary, I found LimeFX to be an experiencedB, award-winning, and popular trading broker.

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