Posted on

LimeFX Review 2023 Pros and Cons Uncovered

LimeFX broker

That is standard procedure for a well-regulated broker as it helps them build up a profile of their users and comply with crucial KYC (Know Your Client) rules and regulations. The desktop version is available at and the mobile applications for iOs and Android are available to download on mobile devices. The firm is estimated to have about 1,866,000 clients, operates in over 170 countries, employs more than 200 individuals and is fully transparent in its business practices. Market picture  The crypto market cap rose 1% in 24 hours to $1.06 trillion. Meanwhile, the top altcoins try to recover some losses, adding between 0.2% (Cardano) and 4% (BNB).

LimeFX is also registered with the Financial Services Compensation Scheme (FSCS) which protects clients’ funds of up to £85,000 in the event that the broker is unable to pay up clients. CTrader also adds

several features such as the FXStreet Economic Calendar, which gives clients

real-time information about global economic events and indicators. It also

includes the powerful Autochartist Market Analysis tool, which can help

identify potential trading opportunities. The cTrader platform has a professional display and clear interface. It

is intuitive and user friendly making it easy for beginner traders to navigate. LimeFX has a fairly

long history, being established in 2006 and growing rapidly since.

Opening An Account at LimeFX

It’s very pleasant to operate without any problems, delays or constant freezes, which I encountered quite often with other brokers, even fairly well-known. Overall I’m very pleased with their work and attitude towards the client. Concluding the LimeFX review, we admit a safe broker to trade with reliable trading solutions. LimeFX provides expanded trading strategies and a certain way of dealing with markets and traders that gained a reliable and respected reputation.

LimeFX broker

Expert Advisors can be used with MetaTrader4 and MetaTrader5. Clients on cTrader benefit from no minimums on stop

and limit orders, and there are no requotes with the

exception of instant transactions on the MetaTrader4 platform. Of its clients lose money when trading forex and CFD products. LimeFX was

established in 2006 as a global CFD and forex broker. It is a no-dealing desk

intervention broker with over 445 million clients’ orders being

executed. However, bank transfers may attract a fee charged by the banks involved, not LimeFX.

Can I trade stocks on LimeFX?

In addition to its trading services, LimeFX provides clients with a range of educational resources, including webinars, video tutorials, and market analysis tools. The broker offers 24/5 customer support in over 20 languages, ensuring that clients can receive assistance in their preferred language at any time of the day or night. Since its inception in 2006, the LimeFX brokerage company has executed orders worth over 455 million. It also offers demo trading accounts along with free educational tutorials for new traders. As a well-recognized and well-established brokerage, LimeFX is considered one of the top service providers globally.

LimeFX customer support is best accessed through the Live Chat feature, but traders can also request a call back, contact them via phone, send an e-mail or stop by at one of their office locations. The multi-lingual support team is available 24/5, but it is highly unlikely that many traders will require their assistance. The FAQ section handles all major questions, but it is good to know that in case of an emergency, a qualified support team stands by to assist. Unfortunately, the video tutorials have been buried in the FAQ section at the bottom under a Watch and Learn category.

Where is LimeFX based?

LimeFX Financial Services Ltd is regulated by Cyprus Securities and Exchange Commission (CySec) and Financial Sector Conduct Authority (FSCA). The MT5 trading platform is also offered for those traders who have no existing MT4 trading applications but prefer to remain within the MetaQuotes offering. I like scalping trading strategy so the most important thing, that LimeFX can offer me tight spreads and instant execution.

LimeFX Review 2023: Detailed Analysis Of The Broker! – CryptoNewsZ

LimeFX Review 2023: Detailed Analysis Of The Broker!.

Posted: Mon, 05 Jun 2023 07:00:00 GMT [source]

However, the broker does not offer CFDs in cryptocurrencies, the one drawback that is likely to put off the digital currencies traders. LimeFX allows you to choose your preferred operating environment. In addition to the highly popular Metatrader4 set-ups, the firm also offers MT5 and cTrader. Additional support is also provided for the trader on the go by means of mobile applications for the iPhone, iPad and the Android devices. LimeFX is committed to quality and providing the highest standard for customer support.

North American Markets

Each item goes into greater depth on subjects ranging from ‘Can I open more than one account with LimeFX? Overall, LimeFX is a dependable choice for traders looking for a strong, traditional and safe limefx scammers broker. The LimeFX Virtual Private Server (Forex VPS) enables you to upload and run your MT4 Expert Advisors and cAlgo Robots 24 hours a day, without needing to keep your trading terminal running.

  • Trading features supported by the platform are easy to implement with the added advantage of forex calendar, market indicators, and other tools.
  • This account requires a minimum deposit of £1,000, the minimum trade size is 0.01 micro-lots with market order execution.
  • LimeFX is a low-risk broker ideal for trading CFDs and Forex.
  • Each platform offers different features and advantages, allowing traders to choose the platform that best suits their individual trading needs and preferences.

Credible broker with tons of various features and trading instruments. The rest is optional and depends on the particular trader and his ambitions. One of the things I love about trading here at LimeFX is their extensive range of trading instruments. Even if I want to trade forex, commodities, indices, or cryptocurrencies, they have it.

Misleading spreads

If you trade large volumes, you can become a VIP client and have discounts on the fees. You can also apply for a professional account to access more leverage and trade crypto assets. Before depositing funds, new clients are required to provide some form of ID. Once done, funds can be sent to the new account using a debit or credit card or bank transfer. The processing times for card transactions are nearly instant but are referenced by the broker as taking up to ten minutes.

LimeFX broker

A price aggregation engine detects and quotes the best bid-ask prices. If you do not consent to a price requote, your order will not be executed. Step 4) Answer some questions about your employment status, education level, financial information, and trading experience. With the LimeFX VIP Account, you get up to 30% discounts on spreads and commissions. You can also use EAs (Expert Advisors) like cBots to trade. LimeFX operates a variable leverage system, and the leverage on LimeFX depends on the instrument you are trading and whether you are a retail or professional client.

What type of broker is LimeFX?

LimeFX is a true No Dealing Desk Execution broker, meaning that we execute client orders with no dealing desk intervention.

Leave a Reply

Your email address will not be published. Required fields are marked *