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LimeFx broker reviews: LimeFx Review year Pros & Cons Revealed

by theme10 calendar March 15th, 2023     |     Share   


Their duties include performing research or analysis on a currency pair using a trading platform like LimeFx. In general, Forex traders can either work for banks and hedge funds or trade independently using trading platforms like LimeFx. Some traders use charts and indicators for Forex analysis, while others rely on news and economic data available on LimeFx. LimeFx offers a standard trading account, allowing LimeFx traders to trade a wide range of financial instruments, with competitive spreads, using the feature rich LimeFx trading platform.

Trading with LimeFx will involve fees from $10 USD, spreads from 0.01 pips to 1.3 pips, and commission-free trading depending on the account traders select. LimeFx is regulated by the Financial Services Commission a Belizean regulator of the financial services market at the international level. Furthermore, LimeFx offers Negative Balance Protection and Market leading insurance.

Trusted Broker Reviews

Choose if you want to deposit dollars and get bonus funds, as well as the percentage. The Financial Commission is not only an independent regulator. LimeFx also has the Verify My Trade certificate and openly advertises it. From my personal experience with this broker, I can also confirm that the execution is very fast and reliable.

How long does LimeFx withdrawal take?

Please note that withdrawal applications are processed by the Company within two business days from 9:00 AM to 6:00 PM (EET). In case of any questions at any step of the withdrawal procedure, please contact our Live Support.

This is due to the terms of the liquidity provider, which does not allow transactions fewer than some specific volume. Do you believe that this broker widens the spread of the pair EURNZD in 150 pips?? And if I say that this spread up was in less than 2 seconds, do you believe it?? They just do it quickly just to catch the accounts that they want to scam. I guess they doubled the spreads several times to get trades to close even though the price changed direction.

Review Methodology

Bonus funds are available for cent and standard MT4/MT5-based accounts with USD or EUR as a base currency. The broker LimeFx closed my trades from “lack of” collateral, 1.26 minutes after the price changed direction in my direction. On their ECN spreads are wide and with big fluctuation on major pairs all the time , very low quality trading condition compared to most ECN brokers.

Upon completion you can then apply for a trading account which will require you to upload some documentation for KYC purposes. These documents can be a proof of identification such as a https://limefx.group/ passport or drivers license and a proof of address such as a utility bill. Once your documents have been verified, you will be able to fund your trading account and commence trading.

LimeFx provides 5 different live trading accounts, Prime, ECN, R.StocksTrader, ProCent, and Pro. The minimum deposit amount required to open a LimeFx Account is $10 USD. This is not profitable for the broker, so he tries in various ways, including non-market ones, to make the trader’s trade unprofitable. Many novice traders do not know about this, so when faced with such unscrupulous companies, they are disappointed in Forex.

For example, you will be deposited $30 for additional verification of your account, first deposit bonus with cash rewards from 50 up to 115%. It is important to emphasize that funds depositing is free from any hidden commissions. See more details about all bonuses, offers and loyalty programs from the brokerage company LimeFx here.

Several options to trade

One of the main reasons for it is that it offers traders the ability to access the market at any moment, no matter where they are. It offers traders 3 types of order execution, 40 ready-to-use indicators for technical analysis, basic tools for graphic analysis, and many other tools created to make trading easier for you. MetaTrader 5 is also available for traders, offering them 6 types of pending orders and multi-currency tester. You can also trade indices, ETFs, Energies, and Metals with LimeFx. All of them are very popular with this Forex broker, and you get access to some of the most amazing trading platforms in the market. LimeFx offers the MT4 and MT5 trading platforms, as well as the cTrader platform, the traders favorite, and its proprietary R Trader platform.

Does LimeFx regulated?

The Company's business profile. LimeFx Ltd is regulated by the FSC, license 000138/333, reg. number 128.572.

We mark it as excellent being one of the best proposals we saw in the industry, and a great range including MT4, MT5, and cTrader suitable for professional trading. Also, all are provided with good research and excellent tools. So if you adhere to using high leverage levels with the purpose to maximize your gains, LimeFx definitely will assist you. LimeFx keeps its clients’ funds separate from the Company’s funds, thereby guaranteeing that they are protected from unlawful use.

LimeFx Trading Platforms

A LimeFx stop-limit order can be helpful when trading if you are unable to watch your trades all day. USD, EUR, CNY, XAU are supported by LimeFx as account base currencies. However, in each country, only two or three account base currencies are accessible, usually the local currency plus USD. In the United Kingdom, for example, only GBP, EUR, and USD are accessible for UK traders. Aside from the price of the cryptocurrency itself, each cryptocurrency exchange adds a fee for trading, when customers purchase and sell coins. LimeFx cryptocurrency fees can vary, but most exchanges charge between 0.1% to 1% or more per trade.

Is LimeFx a trusted broker?

LimeFx has over 4.56 million clients from nearly 169 countries, and it has been the winner of several prestigious awards, including the “Most Trusted Broker” Award from International Business Magazine, the “Best LimeFx Products” Award by Global Brands Magazine, the “Best Mobile Trading App” by Global Forex …

If the individual forex prices in that index increase, then the value of the index will go up. Conversely, if the individual FX prices decrease, then the value of that index will fall. However, Prime users will be restricted to trade with up to 28 currencies and cryptocurrencies, metals, and CFDs. Here, I found the R-Trader account could be more beneficial since there are more than 11,700 trading instruments available for the particular account holders.

However, if you have new questions or need more clarification on questions you’ve asked before, you can always ask them through the ticket system for effective response. 4- support team is professional they solved my problems very fast and and answered my question correctly. I never saw a shadow which not available on other brokers charts.

  • The speed of execution quite good, but sometimes will experience some slippage during high volatility session.
  • You can get free access to several video tutorials from the analytics center.
  • All the negative reviews I’m seeing here are just ridiculous.
  • Check out the huge range of tradable securities offered by Interactive Brokers.
  • This is all backed by excellent 24/7 support, making them one of my best forex brokers.

Both platforms are known for fast execution, expert advisors, free trading signals, and plenty of analytical tools and customizable options. The graphic charts are clear and allow backtracking the market. The cTrader is also an award-winning platform which is known for its compatibility with ECN and STP trading. This platform is known for ultra-fast executions and no requotes. The distinguished features of this platform are aimed at optimizing the STP/ECN trading environment. With a large selection of products and trading platforms, the provider is well-positioned for online trading and stands out from most competitors.

It includes Bitcoin, Dash, EOS, Ethereum, Litecoin, Ripple, and others. You can trade cryptocurrencies 24/7, with a minimum deposit of just $10. You can trade cryptocurrencies against fiat currencies, such as BTC/USD limefx and ETH/USD among others. R Trader has a minimum LimeFx requirement of just $100. Traders can also take advantage of the free VPS hosting offered to accounts that maintain $300 or more, and are verified.

This is a multi-asset account with over 12,000 assets including Real stocks, CFD on stocks, Indices, Cryptocurrencies, forex, and ETFs. This account is best suited to more experienced traders looking for more access to a wider financial market. The pro standard account is the most loved account type with traders, and is fitting for both beginners and more experienced traders.

To gain a quality certificate, the results should comply with the market average values. LimeFx Ltd have received an execution quality certificate that confirms compliance with the strict requirements of the Financial Commission to its member brokers. This is something that you don’t see many brokers do, which is another thing that helps set them apart from the competition and shows how confident they are with their service. For others, the broker offers bonuses on first deposits, profit share bonuses, welcome bonuses, cashback, special competitions, and many others. At LimeFx, those using Islamic accounts are free from paying swaps.

Graphic tools and graphic indicators are part of the platform which operates very smoothly. Digitalcashpalace.com needs to review the security of your connection before proceeding. Of course, there’s also an economic calendar available that covers a wide array of upcoming events. There’s also a complete set of fundamental data in this section, including indicators, giving clients a complete fundamental picture in one spot.

The Prime account is specifically made for more advanced traders. The broker aims to take its clients trading to the next level through its innovative technology and trading tools. With limefx reviews LimeFx, you will gain access to eight asset types and over 12,000 instruments for trading. Interestingly, LimeFx is the official sponsor of Muay Thai fighter Andrei Kulebin.

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