LimeFX Review, Forex Broker&Trading Markets, Legit or a Scam-WikiFX Score:2 36

LimeFX offers Islamic swap-free trading on 4 trading account levels. LimeFX offers Extended Swap-free status by default to all applicable trading accounts created by limefx review clients in non-Islamic countries. LimeFX offers support for MT4 – the most popular trading platform globally – and MT5 – the latest version of the industry standard.

In Live Chat the team responds to every customer query within 30 seconds, in various languages. LimeFX offers several deposit methods and different payment options to make deposits. Other than the standard bank transfer and credit cards, deposits can also be made via digital payment systems like Skrill and Neteller.

• It is always advised to get in touch with the experienced and courteous professionals on these channels from Monday to Friday, 9 am – 6 pm .
• Thank God for writeme .com who didn’t just recover all my money but also assisted to review their personal info and location.
• CFDs are leveraged products and as such loses may be more than the initial invested capital.
• Read our in-depth LimeFX review before starting trading.
• Deposits and withdrawals are where LimeFX International shines.

The Autochartist plugins and apps are developed to ease the trading experiences of beginners and to improve the new trading strategies by making them more intuitive to use. LimeFX Autochartist is still one of the best and most efficient technical analytical tools of the MT5 plugins and web applications. The web application automatically scans and observes the market and it consists of all the essential levels. This tool is useful in predicting probable events and can be utilized as an important advantage to improve the new set of Forex trading strategies. Traders always want to know about national holidays in the year.

One minute before the release of important news — they stop trading. The main registration in an offshore (St. Vincent and the Grenadines) as with almost all fraud brokers. From my experience with this company, I can say that three years ago I was happy with everything, but now it has become like a shaky business. The Company has never interfered and does not interfere in Client trading, so the situation you describe is excluded. We want to note that you can file a trading complaint in your Personal Area. When submitting a claim you should thoroughly describe the situation that occurred.

Read our in-depth LimeFX review before starting trading. We’ll also review LimeFX for its app, mobile trading, and platform features. Since LimeFX has been in the industry for several years, the company has earned the respect and goodwill of traders from different parts of the world.

Opening an Account

Forex economic calendars make sure that the investors are always informed of the relevant economic news. In this way, the trading forex investors have an advantage to either prepare or plan their trading driven by the event or reduce the risk levels on the way. 5- Regarding deposit & withdrawal scammed by limefx – have you got some local bank in india ? LimeFX offers as a trading platform the most popular and known MT4 along with its advanced generation MT5. There is no matter which device to use since there are available versions for PC, Android or iOS devices that allows earning anywhere.

Additional and new features such as advanced charting instruments and additional time frames also give the users a competitive advantage in the cryptocurrency markets. The standard LimeFX account is available as a basic account, also known as the Micro Account MT4 and the standard LimeFX MT4 account. Both of these basic accounts provide market-maker execution.

MT5 allows traders to chat with other traders directly on the platform. LimeFX’s intake form requires clients to fill in their personal details, including name, country of residence, email address, and to provide a telephone number so that LimeFX can send a verification PIN code. When making this calculation, we used one lot of EUR/USD as a benchmark as it is the most commonly traded currency pair and it usually has the tightest spread. Traders have access to 1,947 strategy accounts for LimeFX CopyTrade. LimeFX International maintains three commission-free accounts and one commission-based alternative. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.

The phone is a bit lower, but I could get through to them after a few tries. These include the Standard, ECN, Micro, and Pro accounts. The standard account can be found on the MT4 platform, similar to all the other accounts. https://limefx.name/ You must understand that Forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose! Trading with leverage can wipe your account even faster.

Internal Transfers – The broker offers the option of account-to-account transfers in USD, GLD, and EUR. The processing of internal transfers take several hours, but the method is commission free. The broker runs several trading contests, which give traders opportunities to boost their profits.

Account Types

This is a trap and they will not let go of your money if you make deposits. Comparebrokers.co needs to review the security of your connection before proceeding. While the broker has undergone some turmoil in the past, it has always come through those challenges ever stronger. LimeFX have a huge range of funding options including Visa/Mastercard, Skrill, Neteller, VLoad and wire transfer. There are also local payment options for Pakistani Local Transfers, Mexican Local Transfer, Turkish Local Transfer, Indonesian Local Transfer and more. Opening an account with the broker is a simple process by clicking the ‘Register’ tab, located on the top right of their website.

However, in a show of good faith, LimeFX segregates all funds from the company’s operating capital, and it offers negative balance protection to all its clients. The Company does not interfere with Clients’ trading activity and provides correct data that the company receives from liquidity providers. All clients’ requests are processed within the time specified by the regulations. The value of the interest accrual depends only on the customer’s work; the larger the account and the higher the trade’s turnover, the greater the interest will be. The maximum offered is 15% on the ruble account and 8% on the currency one. LimeFX is a leading broker, offering forex trading to both professional traders and beginners.

Every broker charges a commission fee for the services rendered, and they make their revenue by charging commission fees from the registered investors on their transactions. The commission fee however may differ based on the financial asset, trading type, and the level of trading account the user has. No commission fee is charged if the market order is not executed by the brokerage. But note that if the order is canceled or modified, the brokerage may charge the commission fee. I personally observed how they opened deals to me in a rollover not at the market price, that is, when buying an asset, the price opened 5-10 pips higher than the sale price!

Is LimeFX International regulated?

After discovering techniques to trade pan-European and US equities, Jitan developed a love for a short to medium term trading on indices and commodities, and later on currencies. Overall, LimeFX can be summarised as a safe broker that is fully regulated by the Financial Services Commission in the Republic of Mauritius. Algorithmic trading, which allows any trading strategy to be formalised and implemented as an Expert Advisor. Supports the creation, modification, and utilisation of automated trading strategies. Clients are then required to fill in their financial information, employment status and answer questions about their trading knowledge.

There are a large number of articles which you can refer to for tips on how to trade the financial markets. For example for beginner trades, there is a complete course called “The complete beginner’s guide to Forex”. Webinars at LimeFX are categorized into two separate categories, one is for Novice Traders and the other is Market Reviews. Kyle Townsend is the founder of Forex Broker Report, an experienced forex trader and an advocate for funding options for retail forex traders. If this low rating on the forums is a concern to you, there are some brokers that have a much higher rating and more or less exactly the same trading conditions as LimeFX. I have done full reviews on LimeFXand BlackBullMarkets, which both have outstanding reviews on ForexPeaceArmy.

LimeFX Account Opening Process

There are far better brokers out there that offer more competitive pricing and better execution. They’re quite decent compared to many out there but I totally recommend that the standeds are raised. Making clients profits should be put above making commissions otherwise not so bad.

LimeFX deposit fees are 0$ for some of the payments, including 0% fee for Cryptocurrencies like Ethereum, Litecoin and Zcash. LimeFX provides various withdrawal options, however additional payment methods may incur additional charges and depend on the provider and region you sending from. LimeFX minimum deposit amount starting from $5 and moves on further from 20$ and 500$ respectively for ECN accounts, which is quite a good Proposal overall. LimeFX Instrument Score is 6 out 0f 10 for good trading instrument proposal overall. However, some instruments are quite risky like Binary Options and Broker offers range even including typical restricted by regulatiors instruments due to its International base.

However, all options for cash withdrawal can be found on the company’s website. By the way, the best recommendation of the company is a great amount of customer reviews, which are posted on different Internet resources. The vast majority of these reviews describe the «LimeFX» withdrawal process as smooth, but when there are delays or difficulties, the reviews often refer to the banks or payment systems. There are also live webinars offered on the exchange in multiple languages which can benefit many traders worldwide. The LimeFX broker company is multi-linguistic which means it supports several languages including English, Chinese, Russia, Indonesia, Arabic, Spanish, and Hindi.

During holidays, country-specific indices will not operate and hence, this would influence the brokers’ markets’ liquidity on a global scale. The Forex market reviews are research works that are published regularly. They contain written reviews and videos on the market that are explanatory. One benefit of the videos is that they can be played in the background during an analysis. We use dedicated people and clever technology to safeguard our platform. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.

FSC regulated brokers must meet many preconditions, such as capital adequacy. The Minimum Capital Requirement is MUR 1,000,000 , which is not compatible with that set, for example, by FCA . However, in most sea zones there are no preconditions for a forex brokerage assets.

Generally, the profit-share ranges between 10% and 40%, LimeFX International maintains a list of all portfolio managers with relevant statistics, and the automated process remains swift and user-friendly. Fourth, we were not fined for cancellation profitable trades. After the inspection by the NFA, the claims against LimeFX US, including the claims of the clients for the payment of the allegedly earned profits were withdrawn. Nevertheless, the regulator fined the company $200,000 for violations in the process control procedure during the launch of the new trading system. The company does not stop trading with fixed contracts at news releases.

In case of need, LimeFX International ensures swift access. Only the out-of-the-box MT4/MT5 trading platforms are available, creating a sub-standard trading experience, unless clients acquire costly upgrades. Hello Nikolai, we always act with the interests of our Clients in mind.