LimeFX Detailed Review 2021

We are very happy that our tools are helpful and we are always trying to improve our platforms and add more tools. Frankly speaking, I have some kind of controversial opinion about this brokerage. On the one hand, the list of assets, especially of stocks, is really impressive, so you 100% would find that assets, that would help to maximize your profit. But on the other hand, 1.3 spread for EURUSD in average is quite high, at least it’s higher than average. Not critical, but you would overpay 5-10%, so you decide. But what became really important for me was the practical help of the company’s managers.

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You can withdraw your funds from your account anytime, as long as you can fulfil the minimum withdrawal requirement. The operator’s efforts to ensure a safe experience are visible in the platform’s positive user reviews. In addition, client data and funds are protected via firewalls and other measures. The result is a powerful platform which has never been successfully hacked.

Trading With The Broker Is Organized Service Use: Livelength Of Use: Over 1 Year

On the LimeFX website, the prices are conducted with the Euro. Though you can use LimeFX in other countries, the company is in Cyprus, so they do the most business with the Euro. After creating an account LimeFX Review: Is This a Scam or Good Forex Broker and adding money, you can begin trading. Once putting cash into the LimeFX system, you are taken back to the trading bot’s page. At this point, you can set the parameters and go into auto-trader.

  • Actually only 3 of them made up all the recent profit.
  • Between 74-89% of retail investor accounts lose money when trading CFDs.
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  • Nevertheless, it seems that every LimeFXpany has found its place under the stars since the number of market participants is increasing on a daily basis.
  • They offer over 300 assets to choose from, including over 50 popular Forex pairs.

I’m going to open a real account with this broker soon. Closing your account could create tax obligations, especially if you have been investing successfully. Financial services don’t generally collect or submit taxes, which leaves the investor responsible for reporting it to the IRS. Review federal and state tax requirements on capital gains and other investment income and include this information with your tax filings.

Risk Warning:

The Basic account offers spreads of 3.2 pips on the EUR/USD. Spreads at LimeFX change frequently according to market conditions. Like any broker, LimeFX charge a few other fees including a monthly inactivity fee of €80 on inactive accounts, and swap or rollover fees on positions that are held open overnight. The General Fees document lays out how these fees are calculated for each type of contract, and which other fees may apply to your account.

You can copy successful traders by subscribing to the trading activities of a particular signal provider, and and then copying their trades either automatically or manually. There are menus in the header and the footer of the website, leading to useful pages on the site, and using drop-down menus when appropriate. We generally found the whole site well laid-out, intuitive and user-friendly, and certainly found no major problems with the overall usability of the platform. Unless you just really love everything LimeFX has to offer because it fits your own personal trading style and needs we would suggest continuing to shop around. On the other, the platform itself isn’t very beginner-friendly.

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The auto-trader is also known as an Expert Advisor, which is commonly used by professional investors on MetaTrader4. Many new investors begin their trading career with the brokers at FXTB, because of their free demo account and easy to use trading platform. LimeFX is a market maker broker; therefore, traders get access to a regular STP account. If you are looking for a pure ECN platform, you should look elsewhere. Being a market maker account, the LimeFX spreads start from 1.9 pips, and can go as high as 6 pips for the major currency pairs.

CySEC provided regulatory cover for a large number of binary options scam brokers as well as for some forex broker scams that stole large amounts of money from their clients. Trading Futures and Options on Futures involves substantial risk Forward rate of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment.

Any Rewards Or LimeFX Bonus For Opening An Account?

This is a baseline for any “beginner-friendly” platform and LimeFX has done a pretty good job here. It’s not the most extensive library we’ve ever seen, but it’s pretty solid. It does offer some safety, such as light regulation as well as cybersecurity measures such as PCI scan and SSL certificates. Like most trading platforms, LimeFX is compatible with MT4.

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72.8% of retail investor accounts who trade with LimeFX lose money. It is important that you understand the risks involved before investing since you might lose some or all of your investment. I don’t really know what’s importnat for other traders. I had a commpany’s reputation, regulation and spreads in mind when I opened an account here. Reputation and regulation are obviously out of question.

Does LimeFX Provides Analysis On Fundmental Events In The Stock Market?

It is owned and operated by Forex TB Limited, an investment firm based and registered in Cyprus. The firm and, by extension, the platform, is licenced by the Cyprus Securities and Exchange Commission . LimeFX is a well-rounded investment platform, combining a variety of markets with a friendly user interface and extensive educational resources. LimeFX is a multi-faceted, secure, and regulated broker platform that offers a series of services to its users.

The broker was not unusual, and the leverage is the same as everyone else’s, etc. In fact, the priority for me was “iron” reliability, and LimeFX did not disappoint me in this. He has excellent regulation from the British organization, which means they can’t get away with any scam That’s cool. The LimeFX website is available in multiple international languages including English, Spanish, Italian, etc.

If we talk about what platform is better, it certainly depends on the purpose of using the software. If you use a lot of indicators to trade, and if you are able to work from a desktop computer every day, then Metatrader 4 is definitely the right one for you. If you have to change computers or your employer forbids you to install additional software on your computer, then WebTrader is definitely more suitable for you. Also, if you don’t have the need to download a huge number of infiсators and other technical analysis tools, then any platform will suit you. LimeFX is one of my favorite brokers that is managed and operated by Forex TB Limited, a Cyprus based investment company. However, there are restrictions for traders from the USA, Belgium and Switzerland.

LimeFX offers educational resources in the form of e-books, webinars, trading tips, a few articles about technical and fundamental analysis and more. You won’t find a fully-fledged Trading Academy or extensive courses but the material they provide is helpful and well put together. If you have no account activity, including deposits or withdrawals, for a period of one month or more, an inactivity fee will be charged. This fee can be as high as €80, and you can prevent it by performing at least one transaction a month.

Throughout the website, you will find useful links and guides. If you are completely new to trading or wish to learn about specific elements, you are likely to find answers in the Help Centre accessible from the top navigation menu. If you are looking to send or receive cryptocurrencies broker and need a reliable wallet, there are several to choose from. These cryptocurrency wallets are safe and support hundreds of different coins. In this LimeFX review, we shall be detailing all the important information about the platform to help you make an informed decision.

MT4 is the preferred choice of desktop LimeFX trading platform, which is the most popular and widely used trading software in the world. MT4 is available for both desktop as well as mobile platform, but the broker offers two different options for both browser as well as mobile trading. The Patron Web FX Browser Platform is an interesting web trader that has a great user interface and amazing tools that will negate the need for a dedicated trading terminal. The LimeFX trading platforms do have a few teething issues, especially regarding latency and connectivity issues, and the lack of a VPS option complicates things further. However, the platforms shouldn’t throw up any issues for long-term traders who are consistent with the markets regarding their entry and exit.

LimeFX Review

We are committed to the fair handling of reviews and posts regardless of such relations. Trading on the platform is possible around the clock due to the inclusion of cryptocurrencies. Trading with the broker is organized using ECN, but I don’t remember exactly. In any case, the execution of orders is very fast, slippage is quite rare, I had about 10 slippage per year of trading, so I think this is a good result. This is important because everywhere there is a fight against the laundering of funds obtained by illegal means.

Therefore, there is no need to worry about your investments and trades within LimeFX. Here the platform is free, and a demo account is unlimited. I switched to trading in real only when I was already confident in my abilities. On the short one there are many questions to any broker, on the long one there is no longer anything to draw, everything is at your hands. LimeFX is a competitive online broker for investing in the financial markets.

Its layout is well-thought that enables me to trade very fast when scalping. I mean the possibility to quickly shift from one financial instrument to another. I just need to make a single click on the required asset in the list to the left to open its chart. Then I called the technical support service — it’s good that there is such an opportunity. Moved to LimeFX some time ago due to the large selection of commodities and stocks. In addition, the broker has licenses, and this is very important for me, since I try to work only with official brokers.

They also offer actionable, top-down analysis from a combination of senior analysis expertise and automated algorithms. Analysis happens on a daily basis to give traders the tools they need to succeed. “Featured ieas” gives traders some insight into what trades they should be evaluating.

I first learned about it a year ago but for this time I read thousands of articles on the subject and joined many brokers and even managed to lose a bunch of depos, but it didn’t stop me. That’s the first broker I registered with solely to trade in the long term. The only thing that drew my attention is a good choice of indices. On behalf us all of us at LimeFX, I would like to thank you for sharing this great review about Brand! We are thrilled that you enjoyed your trading experience with LimeFX.» They explained to me that this is a serious regulated company that has everything you need to trade.

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