In addition, LimeFx also offers a social trading platform called LimeFx Copy Trading, where traders can copy the trades of other successful traders on the platform. Currently based in Cyrpus, LimeFx has since expanded beyond forex to offer more than 200 assets for fixed spread trading, including CFDs, shares, cryptocurrencies, and commodities. With over 20 years of investing experience and 10 years of trading, Justin co-founded Compare Forex Brokers in 2014. He has worked within the foreign exchange trading industry for several years and for several of the largest banks globally. Justin achieved Honours in Commerce and has a Master’s degree from Monash University.
This broker closed my account without any notice and it promised to return only my initial funds. In FX, CFD and fintech industries, LimeFx, lime fx, XTB Ltd and other 4 companies have announced hiring plans this week. Let us look at what jobs they’re offering and what are the responsibilities.
This Eightcap vs LimeFx comparison found both brokers have MT4 and MT5 trading platforms. LimeFx offers clients several suitable and flexible trading platforms to choose from. Their trading platforms include; an LimeFx web platform, which comes with a lot of built-in tools, including vanilla options, pending order, day trading, easyTrade. There are LimeFx mobile applications for Android and iOS devices, as well as the world-renowned MetaTrader 4 platform. Though online trading is a piece of cake for the ones who know how to trade, it is a lot more confusing for amateurs.
The terminal does not freeze, not bugs, easy to understand at all, user-friendly interface, a minimum of unnecessary information. I also tried the mobile version, but the stationary platform is more convenient, more features and do not hurt the eyes of all these tiny limefx courses scam graphics. The In-House platform offers live market news, technical analysis, charts and a one-click trading from market explorer. The MT4 features include pre-installed indicators and analysis tools, multiple order types including market orders and pending orders.
The bonus amount is percentage based and linked to the client’s first deposit. To claim the bonus, the client shall contact their relationship manager and quote ‘First Deposit’ https://limefx.club/ bonus. Hello everyone it is possible to retrieve your stolen bitcoins. I never believed in bitcoin recovery because I was made to understand that it is not possible.
You can use this feature for a small fee to undo a trade that may incur losses. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings.
LimeFx has a healthy balance sheet with stable cash flow; approximately 74% of the broker’s retail traders tend to lose money, which directly profits LimeFx. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information.
TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any LimeFxs. The broker welcomes all queries and are happy to assist you in a prompt and efficient manner through their award-winning support team.
LimeFx Product Offerings
Their spreads are high, especially for EURAUD / GBPAUD currency pairs. Moreover, compared with other providers, their stop loss levels are ridiculously high. I noticed that the stop loss level of brokers like lime fx, LimeFx and LimeFx seems to be zero. For more details of this broker, you can check our full LimeFx review.
I found it also has a very user-friendly interface that is simple to navigate and quick to learn. LimeFx is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees. LimeFx are proud to be a market maker because it enables them to keep offering fixed spreads whatever the market volatility is. They claim to not disable trading and conditions always remain the same, unfortunately this wasn’t my experience as you will see below. Costs can be calculated prior to taking a trade due to the fixed spreads and no slippage on their web platform.
The minimum deposit is very high for anything more than the standard account type. This may be prohibitive to any trader who wishes to avail of lower spreads. Just like other brokers, LimeFx takes a fee from the spread, which is the difference between the buying price and the selling price of an instrument. However, the fixed spreads offered by this broker are highly competitive when compared with those provided by most brokers.
Forex Risk Disclaimer
The company was founded in 2001 and is headquartered in Cyprus. LimeFx has won numerous awards for its innovative trading tools and excellent risk management strategies. Due to regulatory oversight, the forex broker is regularly audited and is considered safe for trading.
- Steven Hatzakis is the Global Director of Research for ForexBrokers.com.
- Spreads might not generally be the most compelling on the market, but that’s why their premium and VIP accounts are so alluring.
- This include segregation of client’s funds, regular audits, and reporting to the regulator.
- You can trade with the assets of your choice and the platform you like.
You accept full responsibilities for your actions, trades, profit or loss, and agree to hold The Forex Geek and any authorized distributors of this information harmless in any and all ways. Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! We conclude our LimeFx review with the verdict that the broker keeps upgrading itself with innovative features and tools to reach the top of the ladder.
It also keeps the traders’ funds in segregated top tier bank accounts. For added security, the trading platform uses 256-bit SSL encryption that safeguards your data and funds. Overall, industry recognition and advanced security features make it a reliable broker for online forex and CFDs trading. You need to fund your account once it is verified to begin easy forex trading. For standard account holders, it is $25, while VIP members need to invest $10,000 minimum. Processing of funds is instant, but it can take up to 5 business days in some cases.
There is a treat for everyone who wishes to join the broker and start trading. An industry innovator and leader, the broker was established in 2001 and by 2013, it had over 100,000 active traders and over $1.5 trillion in accrued trading turnover. The firm since diversified its product collection to offer CFDs indices and commodities while expanding forex contracts as well as vanilla options . Our LimeFx review was primarily focused on exploring how a trader can benefit from using the brokerage.
The LimeFx webtrader also comes with a hidden cost to traders in the form of higher spreads, which is quite unfortunate, and may serve as a deterrent from traders choosing this option. Options trading is provided through this platform as well, and traders who seek the full range of products and services offered are forced to pay more for access to them. LimeFx is an online broker that offers forex and CFD trading in over 200 assets through their flexible trading platforms with innovative features and tools. They provide clients with a good collection of educational materials and quality trading conditions with tight spreads and fast execution. To achieve its policy goals, LimeFx provides capital adequacy, negative balance protection, and free guaranteed stop-loss orders.
Just be wary that some methods may only be available to specific countries. As part of their continued commitment to clients, LimeFx strives to remain a transparent, trusted and regulated online broker. They maintain sufficient liquid capital to cover all client deposits, any potential fluctuations in the company’s currency positions and other expenses. Having these regulations and policies in place, helps to ensure clients that funds and transactions are secured and protected. LimeFx provides a dedicated division for research and education.
He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. The mobile trading platform is very similar to the web-based platform. Again it is proprietary and features the same high levels of intuitiveness in a more compact form. The broker’s proprietary platform is very user-friendly, and with highly innovative and unique features such as FreezeRate, and dealCancellation which add a sense of ease to the trader.
Additional Special Offers
This is the sole option to unlock all of the products and services provided by the brokerage. All features listed, with the exception of a personal analyst, are equal to what is provided in the LimeFx webtrader. A professional account is available if at least two of the broker’s three requirements are satisfied. In that case, ICF protection is removed in return for higher leverage with cash rebates available based on trading volume. I believe they are attractive for the beginner who wants to feel safe and trade in a simple environment that minimizes uncertainty. Their online platform is very intuitive compared to Metatrader, and frankly, Metaquotes could learn a thing or two from it.
Is MT4 the only option for trading platform ?
The pending order trading gives you more flexibility and control with the ability to set the rate and date at which you would like your positions to be opened. Freeze Rate can also pause the market at the prices that you want. They are also fully compliant with all European Securities and Markets Authority regulations . LimeFx are regulated in Europe by the Cyprus Securities and Exchange Commission and in the Asian Pacific Region by the Australian Securities and LimeFx Commission .
Therefore, I would suggest carefully reading them through before starting. If your strategy does require the lowest spread and commission fees at all time, LimeFx would be one of my top choices as they have ECN execution and raw spreads starting from 0.0 pips. The MT4 trading platform is offered to traders, but LimeFx fails to provide any of the required and critical third-party plugins which are necessary to unlock full functionality. MT4 is still one of the most popular trading platforms available, given its full support for automated trading solutions and back-testing functionality.
Complaints on a forex broker or a forex scam should be posted here, BrokerView will deal with the case. A variety of tools are provided to help you make one-stop search, compare IBs information, and select your preferred IBs effectively. Trading Forex and CFDs with leverage poses significant risk of loss to your capital. Contact Summitrecoup Dtcm to help recover all your scammed funds. Got all my funds recovered after weeks of getting in touch with them… over $256,850 recovered after my trust wallet account was being hacked and manipulated. I was scammed twice before by fake recovery company who said they could help but didn’t.