Traders need to know the difference between their and the broker’s responsibilities. A broker cannot be held responsible for the loss of traders’ funds. They can only be held accountable if they refuse to pay you out your profits or if they limefx cheating use illegal tactics to keep you from profits. This also means that there must mutual trust between broker and trader, who both have to understand the other side. LimeFX is one of the brokers who fosters trust, loyalty, and collaboration.
- There are two major types of commodities available, they are hard and soft commodities.
- Founded in 2009, LimeFX is headquartered in Belize and regulated by the International Financial Services Commission .
- However, it also offers its own proprietary platform, which is easier to use and set up.
- The LimeFX credit bonus is more like a liability than an advantage.
- For traders that trade in large volumes , it is better to open an account denominated in USD at a digital currency bank, especially for trading on assets such as the EUR/USD.
LimeFX scored below average in the Trust and Research categories. With regards to research, there is no live feed or third-party content. While LimeFX does offer a mobile app for Android and iOS, making it easier to stay on top of trades on the go, we recommend checking out some of the top forex trading apps.
Is LimeFX Safe?
The commission-free CFD accounts have a spread of 1.3 pips, which is slightly wider than other brokers, but traders can choose to trade in smaller trade sizes, known as micro-lots. The ECN and Prime Accounts have spreads that start at 0.00 pips (EUR/USD) but commissions of only 4 USD and 2 USD, respectively – some of the lowest in the industry. LimeFX is a dynamic, award-winning forex broker that offers exceptional online trading services and products to institutional and retail clientele from around the world.
Visit our methodology page to learn more about our review and rating process. While we adhere to strict editorial integrity, this page may refer to our partners’ products. Though, the in-house analytics deserves an upgrade with its cluttered charts, and basic design.
Last year, LimeFX launched the Sponsored VPS program for its clients working via MetaTrader 5 trading platform. Additionally, the user can access a private VIP manager to assist them with their trading pursuits. LimeFX offers four bonuses, a $30 no deposit bonus, a VIP program, and free trading contests. The 60% Profit Share, the 120% Classic, and the $30 Welcome offers apply only to the ProCent and Pro accounts.
The videos section is particularly useful because it analyses the same set of currency pairs each week. This affords traders an intricate insight into price action behaviour. Platforms are where you trade, so they must be secure, fast, and accessible while offering you the tools you need to succeed. Each broker’s desktop, web, and mobile platforms are evaluated according to the order types, speed of execution, ease of use, and other ‘need to know’ features.
For example, you can obtain an analytics from the authoritative and well-known bureau TradingCentral and the leading financial agency DowJones. The most precise trading hours and economic calendar will serve as an additional pleasant option. If you wish to participate actively in the life of a broker to go LimeFX webinars. Accessed via the Members Area, the analytics centre is where clients of LimeFX can read more about current trading set-ups, including in video format.
Worst trading conditions ever
Try trading CFDs and ETFs on precious metals including gold, silver,… When our clients deposit their trading accounts, the commission is always 0%. Choose the payment system according to your convenience, not cost effectiveness.
As of 2019, the number of users has reached 3.5 million, and it still continues to increase at a swift pace. As our LimeFX review shows, the company is constantly developing and changing. Trading leveraged products limefx cheating such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. LimeFX’s market analysis materials are comprehensive, detailed, and frequently updated.
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. In partnership with Claws and Horns, a respected market news aggregator and publisher, LimeFX provides a constant stream of news that impacts the markets. While the main focus is on geopolitical events and macroeconomic movements, there is some reporting on technical analysis – mainly from large banks and other financial institutions. With new stories every few minutes, 24/5, this is an excellent resource for traders using all types of strategies.
LimeFX allows scalping, hedging, and netting, but accounts are only denominated in USD, EUR, CNY, BTC, Gold, and ETH. Beginner traders can also benefit from the CopyFX system, which allows one to copy the transactions of more experienced traders. LimeFX’s non-trading fees are average compared to other brokers. In conjunction with third-party provider, Claws and Horns, LimeFX’s educational and market analysis materials are well-organized and in-depth, a real benefit to beginner traders. For deposits, you can utilize debit/credit card payments, a bank transfer deposit, as well as an array of e-wallets such as Skrill, Neteller, POLi, Fasapay, and so on.
How is COVID-19 Affecting Forex? 📈
The developers have made it clear from the start that the platform can work with several assets, simultaneously observing their dynamics on the main screen. Examining the block with charts in more detail, it should be noted immediately that there may be more charts displayed on the main page and they can be grouped according to different principles. For example, you can display three charts of the same instrument, but with different time values. LimeFX’s probing analyses appear to be mostly focused on studying price action behaviour, which is likely to appeal more to technical traders and chart artists. The stock analyses, in particular, warrant praise for being supported by charts.
In addition, there is no additional funding and the account is protected against negative balance. There are nearly two dozen deposit and withdrawal methods at LimeFX, which is right in line with the broker’s obvious focus on flexibility and choice for its clients. In all cases there are no fees imposed for deposits, while there are different fee structures for each withdrawal method. Like many online brokers LimeFX has several account tiers that offer different levels of service and trading conditions. These range from a Pro/ProCent account level up to the Prime account level. As a further protection the broker has obtained additional insurance to meet the obligations to its clients at all times.
The Trustpilot Experience
TradingCenter helps investors to improve their skills and their level of understanding regarding core mechanisms of the trading process. As concerns trading promotions, there is a welcome bonus promotion, loyalty rebates, and free contests. From all that the only promotion that matters is the ‘loyalty rebates’. Don’t select any credit bonuses because they actually work as extra leverage, and nothing more. The LimeFX credit bonus is more like a liability than an advantage.
LimeFX offers multilingual support in over 12 languages, including English, Malay, Indonesian, Arabic, and Spanish. Help is available 24/7 via email, telephone, live chat, Telegram, WhatsApp, https://limefx.biz/ Facebook Messenger, Skype, and Viber. LimeFX’s customer support is excellent compared to other similar brokers. It also comprises materials curated by third-party provider, Claws and Horns.
Otherwise, create a ticket from your members Area and provide a detailed description of your issue.
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. TradingCenter provides essential information and tools for learning and trading the Global Financial Markets.
- LimeFX’s customer support is excellent compared to other similar brokers.
- The most popular order type in the industry, market orders are used for immediate entry at the best possible price.
- On this basis, we consider LimeFX a safe broker to trade with.
- All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn`t imply direct instructions for investing.
It is worth noting that no broker hides possible trader’s pitfalls and describes them in its agreement one way or another. It cannot be interpreted as cheating or fraud, because the broker does disclose this information, even if it is negative for the client. This is a monthly accrual in the form of annual interest on the balance of the trading account of the user . The program takes into account the turnover of transactions with currency pairs and metals. CFD trades on stocks, indices, and commodities are not considered in the calculation of the trading turnover. The interface of the start page of the program begins with three blocks, in the first of which the client can see two charts of various trading instruments.
LimeFX, an international financial company, has received a license from the National Bank of the Republic of Belarus. Its affiliated company was listed in the LimeFXpanies registry in accordance with the country’s current and local legislation. To enter a new market, LimeFX and RoboMarkets joined their expertise and financial technology efforts to provide their…
How do I get LimeFX bonus?
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Traders who require assistance can access the support team via the green chat button, available, where seven messengers await. Support is available 24/7, and clients may also write an e-mail, use the webform, call directly or request a callback. LimeFX offers support in fifteen languages in another confirmation of the global reach this broker is building. Another significant feature offered by LimeFX is free VPS hosting. It is available to all verified accounts that maintain a monthly trading volume of just 3 lots.