LimeFx Review Forex Brokers Reviews & Ratings

After all, there are many people who want to circumvent the law and not pay taxes, even in Europe, but these people pay for it if they have not paid yet. https://limefx.group/ I do not advise working through offshore companies, since there is no regulatory authority there. Learn Trading financial markets has never been easier.

• It’s also important to do that in a proportional way as account balance and average lot size matter.
• This is a normal part of the KYC procedures and once your account has been confirmed you can make a deposit via a method of your choice and commence trading.
• LimeFx does offer a 100% funded Sign-Up Bonus, Welcome bonus, or the advantage/profits on account registration.
• They can do everything I need them to do from market analysis to automated trading and much more.
• That is why I am grateful to the LimeFx consultant for convincing me to just come to the courses, and then decide for myself whether Forex is right for me or not.

Understand the capabilities of the mobile apps of LimeFx, freetrade & LimeFx below. LimeFx has a wide variety of over 221 instruments available for you to trade with. In accordance with the organization’s privacy regulations, customer information is to not be shared with some other institutions or individuals.

How can I start trading with LimeFx?

An economic calendar is used by Forex traders to see which important upcoming economic announcements may impact their trades. LimeFx provides advanced, feature-rich trading technology with ECN pricing and access to commission-free trading. The broker does not offer a VIP account for high net-worth individuals. Swap is the fee charged for holding a position open overnight.

For example, if you have signed up with the broker, deposited funds to your trading account, you will be rewarded for this with so-called points. The more your stay with LimeFx, the more points you can gain. LimeFx has the standard set of services that traders may need. Expectedly, these are market news, technical analysis, trading signals. That is, you can choose a Trader from the list and copy his trades to your investor account automatically. It’s possible to set a specific ratio that will be used to copy trade volumes.

Alongside the news you can find the opinions of expert analysts. This helps you keep up to date with the latest market happenings. Traders who offer their traders as signals can receive a commission for successful trades. It should be noted that past performance is by no means a guarantee of future performance. The margin calculator shows you how much margin is required to open a position. This can help with managing trades according to lot size and leverage.

Cryptocurrencies are complex, high-risk, and volatile and may result in the loss of all invested capital over a short period of time; they are not appropriate for all investors. MetaTrader 5 is an all-in-one platform for trading Forex, Stocks, and Futures. The platform provides a user-friendly interface to help you easily understand all functions and operation principles. 30 built-in technical indicators and 24 graphic objects are available for the most comprehensive analysis of price dynamics.

This multi-asset broker cares from retail to professional clients offering MetaTrader platforms as well as the group’s own copy-trading solution – LimeFx Invest. They also offer copy Social Trading and Copy Trading. The fact that they also provide for multiple account types on different trading platforms is a thing that many traders will welcome. Finally, the level of detail that they take in putting together their research section moves to set them apart from similarly minded competitors in the sector. It’s not easy to surprise me – I belong to the category of people with a cold mind and tons of scepticism. LimeFx is used to rewarding its clients for every action.

Social and easy to use trading options are the core at LimeFx. It’s essential to be vigilant and methodical in your LimeFx broker selection to protect your hard-earned money. Performing your due diligence and researching the reliability of LimeFx, its track record, and reputation is vital. Moreover, ensure the LimeFx broker’s offerings, trading tools, fees, and regulation align with your preferences.

Popular Forex Reviews

As for me, I haven’t seen anything like this with other brokers. But suddenly for me the circumstances developed in such a way that I also had to start working in this format. I decided to stick with this brokerage company because I heard a lot of positive things about it. Nevertheless, as a person with a critical mind, I decided to test it. Since I don’t recognize demo trading, I decided to open a real ECN account. Afterall, at any time I can deposit a small amount and if there’s something wrong I can withdraw it.

New traders get access to the back office by submitting their name, mobile phone number, e-mail, and desired password. LimeFx allows clients to use their Google or Facebook accounts for that purpose. Account verification remains mandatory in compliance with AML/KYC stipulations.

As of now, the trader I chose for copying trades satisfies me because I get approximately 60% of profitable trades. Perhaps, this outcome isn’t so impressive but at least, it doesn’t make me nervous. In no case do I recommend contacting this scam Sergey Shamraev. Sergei Shamraev and there continues to throw Europeans for money.

What’s more, their executions always gave a scratchy feeling smth is going totally wrong with them. I heard that it’s possible to earn up to $10k by simply staying with the company. So, they give points for activity and then you can exchange them for real money.

Fees

Overall, the choice of payment services is not so big on LimeFx. The broker’s drawback is that it does not support several major payment systems, such as PayPal, WebMoney, Yandex.Money. The special feature of LimeFx is the cryptocurrency account. The trading conditions on the cryptocurrency account correspond to the conditions of the Professional account. The number of trading pairs on LimeFx is higher than average. The broker compares favorably with LimeFx, which mainly has popular trading pairs and cross rates, but nearly no exotic currencies.

This can help clients to opt for the most suitable account type according to their needs and help plan their trading strategy. The cost transparency information on the website shows the average impact of transaction costs per notional $1,000 of trading volume for the most recent quarter. These trading costs have an impact on the net profitability of a client account and thus a client should take these costs into consideration before trading. Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

LimeFx is one of the largest brokers in Eastern Europe. The company has been in the market since 1994, providing not only access to financial markets, but also extensive educational services. Over time, the company has gone beyond the East European market, although remaining most popular in the former Soviet countries. LimeFx was an early pioneer of mobile apps for finance, then became a forex and CFD broker, now offering the MetaTrader platform.

Is LimeFx Safe?

The No Dealing Desk Account from LimeFx offers immediate access to the interbank market without the intervention of a dealing desk. In terms of online support, LimeFx provides live online support by which clients can have their queries resolved by a support team member in real-time. LimeFx offers traders the industry-leading full MetaTrader suite from MetaQuotes, consisting of MetaTrader 4 and MetaTrader 5.

This trading platform is perhaps the best known in the industry and provides for a comprehensive selection of charting tools and indicators. It has been working in the industry for more than twenty years. The broker also offers https://limefx.name/ to copy trades but I prefer to trade manually and in this regard the broker absolutely suits me. I heard that it’s one of the crucial services provided by this company and it’s even more popular than manual trading.

Does LimeFx accept credit cards?

These bodies have rules that mandate that trading platforms have measures in place to maintain investor’s assets procured. This means that LimeFx users don’t lime fx need to be worried about their money as it is segregated and safely stored in established banks. SSL encryption secures every user’s private information also.

This broker, based on the account types, is more targeting professional traders. Here’s what LimeFx offers in terms of trading platforms. Ultimately LimeFx ranks #48 of the 62 brokers graded across our platforms & tools category. LimeFx provides three different account types, Standard account, NDD account & Sharp ECN account, Islamic, Swap-Free, and Risk-Free Demo account options. The minimum deposit amount required to register a LimeFx Professional live trading account is $100 USD. LimeFx is an online forex broker based in Cyprus which provides its clients with high-quality services, cutting-edge technology, fast and reliable platforms, and a high level of support.

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Yes, LimeFx offers mobile applications for both MetaTrader 4 and MetaTrader 5. Traders can use leverage with LimeFx by logging into their account settings and selecting their preferred leverage ratio. Swaps will vary depending on the currency pair, account type, and account currency. LimeFx charges a 0.007% and 0.008% commission with the NDD and ECN accounts respectively. Barring this, deposits are processed on the same day when made with e-payment processors and up to two days when made via bank transfer.