Something else that LimeFxFX does that helps protect clients is their use of segregated funds. This essentially keeps the funds in a bank account that is seperate from that of the main broker operations. You need to make sure that you are trading with a broker that has all the right protections in place in case of unforeseen circumstances. Although they are a global broker that is able to accept clients from over 100 countries, the bulk of their traders come from Asia.
All up, this wasn’t good, and we’d like to see LimeFxFX greatly improve in this department. The customer service reps themselves seemed to not be trained to handle very basic questions, so we imagine if you have a complex inquiry, you’re going to be pulling your hair out. LimeFxFX is also registered as a company in Saint Lucia with the trading name LimeFxMarkets. LimeFxFX also offers the chance to trade energy products, such as Texas Crude, Brent Crude and Natural Gas. The big changes in MT5 are an increase in the charting options, such as timeframes and lesser-known technical indicators.
Looking at the fiat side deposits, you can pay in either EUR or USD. If you are going to be depositing into a USD denominated account in EUR then they will do their best to give you the closest market rate on this pair. We would strongly suggest that you use the PC or web-based version for some of your more advanced trading. They have the full screens and allow for a more uninterrupted experience.
We were impressed to find that LimeFxFX offers a good range of funding methods, and deposits and withdrawals are free and fast. No, LimeFxFX does not impose a daily limit on the number of deposits and withdrawals. To avoid processing delays, it’s recommended that you deposit and withdraw all of your funds in one transaction. LimeFx Markets Incorporated, the broker’s international entity, is based in St. Vincent and the Grenadines, where the regulator offers little to no protection.
Then you have the Pro account which uses the slightly more advanced MT5 platform. This offers slightly lower spreads than the Micro account and will have less trading costs for higher volume. Within Europe, the minimum deposit on the available account types of MT5 Pro is $50. Yes, LimeFxFX can be chosen to trade CFDs in Nigeria as the spreads are low and no swaps are applicable on the MT5 account type. The support services are good through live chat but local phone support is not available in Nigeria. MT4 is the most widely used desktop trading platform with a very basic interface that looks similar to Windows 98.
- LimeFxFX trading platform has headquarters in St Vincent and the Grenadines.
- 74-89% of retail investor accounts lose money when trading CFDs with this provider.
- The broker was regulated, I quickly created an account and started trading.
- Thank you very much for taking the time to provide us with your positive feedback regarding our efficient payment methods.
- It is important to check the regulations and protection while trading online.
LimeFxFX offers a wide range of trading account type suitable for any strategy and any level of experience. Asset list and leverage overview currency pairs 35 cryptocurrency pairs with 5 commodities and 5 metals. Trading Forex, CFD, Binary Options, and other financial instruments carry a high risk of loss and are not suitable for all investors.
What we don’t like about LimeFxFX
Overall, there is a lot to like about LimeFxFX and the range of quality trading conditions that they provide. You get convenient access to the markets via powerful and fully customisable trading platforms with accounts to suit all types of trader. The trading costs are very competitive whilst customer support is prompt to answer questions. Trading instruments may perhaps be too limited for some although the forex offering is probably adequate for most forex trader needs.
The LimeFxFX cTrader platform’s intuitive dashboard is accessible from various devices, making it a state-of-the-art infrastructure for LimeFxFX traders. In addition, currency conversion fees may apply if the LimeFxFX withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from LimeFxFX.
LimeFxFX Research and Education Tools
We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. Don’t be scared off by brokers like LimeFxFX charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.
The trading platform is where traders will spend most of their time trading forex and CFDs online. It is important to comprehend the available features and terminologies available at a trading platform to make better trading decisions. Trading platforms for desktop, mobile and web traders are available at LimeFx. LimeFxFX does not offer zero spread and commission-based trading accounts. Scalpers and high-volume traders who seek to trade CFDs with little or no spread won’t find LimeFxFX useful. LimeFxFX uses separate accounts to keep protected customers’ funds segregated from the company’s balance sheets in accordance with international regulation standards.
LimeFxFX is extremely limited in terms of payment method options to fund a trading account. To make the demo account interesting, LimeFxFX has a demo contest for which you win prizes. Each month up to $1000 in real prize money is available with $500 for the winner, limefx reviews $300 for the runner-up and $100 for third place. You can use any possible trading strategy and even EAs should you wish. Since the broker has no swaps for all trading accounts as a default, there is no need to have a special Islamic swap-free trading account.
A Variety of Trading Account Type
This CFD trade has a 100% increase in the funds initially committed. The next step involves submitting identification documents for LimeFxFX account validation and making a deposit. Once completed, LimeFxFX users can download the trading platform of their choice.
Whatever you are looking to trade, the varying
LimeFxFX account types will be able to provide you with what you need. LimeFxFX cTrader is a versatile trading platform supporting Forex and CFD brokerages. It’s important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn’t allow automated trading scripts such as Expert Advisors. Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.
Stocks, currency and other commodities and instruments will be brought or sold by LimeFxFX even if no buyer or seller is lined up. Withdrawing money from LimeFxFX processing time varies depending on the method but averages 1-5 days. The phone support team successfully resolved our questions and issues over the phone. When we called, the team answered our call promptly, in less than a minute. Like other brokers, LimeFxFX margin requirements can differ depending on the traded instrument.
Thus the trades that have been closed in profit in this particular case were made not according to actual market levels. We focus on being transparent with our customers and we apologise for the unpleasant experience that the client has faced trading with us. As for LimeFx trading platform safety and stability, at the moment all possible issues like this one are eliminated as LimeFx trading platform safety and stability is our main priority.
What we like about LimeFxFX
These replicate the live trading platform but you will be given demo money to initially trade with. This is provided both through their own dedicated copy trading platform and a mobile trading app for on the go trading. You https://limefx.vip/ can choose to either be a copier, or a “Master Trader” where others will copy you and you will earn a commission. Founded in 2011 in Cyprus, LimeFxFX is a well-regulated broker with oversight in place from CySEC and SVG.