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LimeFX Review Is LimeFX Legit or Scam FX Broker️

Posted by aminulislam on July 8, 2022

They are less common than ECN brokers, but many traders prefer them for secure trades. The differences between ECN and STP brokers may seem small, but they are crucial. They decide both the bid and sell price that is displayed to traders. The only thing that keeps Market Maker brokers from massively inflating their prices is a highly competitive market. They link traders with liquidity providers who offer various positions. The broker cannot manipulate prices since the information is disseminated widely.

LimeFX forex brokers reviews

Traders have the option to determine their trading parameters by monitoring trades and positions, and analyzing profit and losses, and you can do this all in real-time. You can only log in through the initial first-step login process. The two-step login process is an additional step, to verify the login credentials, but that is not available with most brokers. With LimeFX, you will not have to pay a withdrawal fee either. You can withdraw funds from your accounts in the same methods of deposits, but the account has to be corresponding to your account information. Secondly, you have to strong experience in the financial services industry, at least one year of experience.

LimeFX’s Trading Platforms

Although you aren’t allowed to own these individual financial instruments, you can trade their CFDs to profit off of them. This particular TrustPilot user had a lot of negative things to say about the leverages offered and their withdrawal processing times. LimeFX offers its clients a hassle-free quick withdrawal procedure. The withdrawal process on limefx forex broker average takes only one or two working days for withdrawals issued via credit card and other e-payment systems. On the other hand, wire transfer could take over 10 business days for the withdrawals to be successfully completed. At LimeFX the payment method you will use to deposit funds into your account varies based on your country of residence.

  • According to their website, LimeFX only offers the best large-cap stocks to its clients.
  • As the name suggests, this platform has been specially created for Mac, and it is well designed for smooth navigation.
  • You can only log in through the initial first-step login process.
  • If the user has a stable internet connection, they can trade forex from anywhere.

There are also major German, UK, French, Italian, Dutch and Canadian stocks. The information that comes with the trade editor helps the trader with the calculation of profit and loss from the trade, costs and overnight financing charges. The simple, segmented layout splitting the screen into asset classes and charting. LimeFX’s proprietary platform is web-based, so no need to download it to your PC. At we are here to tell you about the spread costs. It is up to you as to what you think of the other way that LimeFX can make money.

If you are looking for a pure Forex trading experience, we would recommend using MetaTrader 4, which was initially created with Forex traders in mind. This trading platform has been around for 15 years, since 2005, and since then, the popularity of it has only increased. Risk Warning – Trading CFDS, FX and Cryptocurrencies involves a high degree of risk.

Equities trading is always the area that brokers can use to bump up their instrument offering. When brokers advertise that they have thousands of instruments to trade, the vast majority of these will be equities. This is a reasonable selection and is fairly average amongst competitors.

Improve your trading skills and master the fundamentals of the financial markets with LimeFX’s free live webinars. Automated Trading– Includes Mirror Trader and ZuluTrade, which enable traders to copy the trades of experienced traders even when they might be away from their computer. LimeFXr– A fully customisable platform that is very user-friendly, and comes complete with all the necessary tools, whether trading on a desktop computer, tablet or mobile phone. You can login by using your email address and password to access your trading account.


This is because LimeFX carries out a security verification for each card when it is used for the first time. The fee structure is very transparent and trading costs are easy to calculate. However, if fee levels for forex pairs are your most important consideration, then there may be better alternatives.

LimeFX forex brokers reviews

Traders can either select to make use of fixed spreads or variable/floating spreads. There is a daily YouTube video that consists of the main aspects of their research materials. The LimeFX mobile application is a handy tool for traders-on-the-go, and you will be able to trade anytime and anywhere. The trading platforms are LimeFXGO, MT4, DupliTrade, ZuluTrade, and multiple others.

Trading CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. We do not offers LimeFX advice or guarantees for accuracy. 71% of retail traders CFD accounts lose money when trading with this provider. You should consider whether you understand how CFD works and whether you can afford to take the high possibility of losing your money.

How To Open An LimeFX Trading Account

State-of-The-Art Trading PlatformsLimeFX provides multiple platforms including MT4, MT5, DupliTrade, WebTrader, AvaOptions and the LimeFXGO mobile app – there’s something for everyone. Traders also enjoy real-time updates to stay on top of the market. LimeFX produces daily in-house research content in video and article format, and grants access to Trading Central research modules.

This gives you exposure to the market for the first time, and at LimeFX, a demo account gives you access to all trading platforms including MT4, MT5, WebTrader, and LimeFXGO. The best part is that it is unlimited so that you can use it for as long as you want until you’re comfortable committing real funds. LimeFX has 300,000 registered traders who place more than 3 million trades each month and has executed more than $1.47 trillion in traded value since inception. While reviewing LimeFX Forex broker, we were able to find out that it is one of the leading Forex brokers in the market.

These financial instruments can be found on all its trading platforms, but are particularly concentrated on the MT5 platform. However, one strong aspect of having your trading account with LimeFX is that all retail trading accounts are covered with a negative balance protection guarantee. This means that clients cannot lose more money than they put in. At LimeFX there is a wide selection of traded instruments available. We think this is a strong selection, given the FX options, crypto and ETFs availability that many brokers may not offer.

LimeFX forex brokers reviews

Since it is founded in 2006, the forex brokers has expanded quickly with more than three hundred thousand registered end users globally; and the number continues to grow. This website includes information about cryptocurrencies, contracts for difference and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. LimeFX is an excellent broker, I trade stocks every day without commissions payment, and the withdrawal procedure takes couple of days, but it’s legit 100%. I also like the LimeFX mobile application, as I can start trading immediately without any problems from anywhere without using a computer.

However, some brokers offer a greater selection, with LimeFX and LimeFX offering between 70 to 80 pairs. Automated trading – DupliTrade and ZuluTrade are copy trading functions that are available through LimeFX. DupliTrade is available for UK traders, whilst ZuluTrade gives you access to follow over 10,000 traders from over 190 countries around the world.

How to tell if a broker is a fake ECN broker

You will find this feature exclusively on its mobile trading platform, LimeFXGO App, and its web-trading platform. You will also learn in detail how to open an account with LimeFX and all the assets that can be used as LimeFX vehicles. The minimum deposit at LimeFX is generally 100 units of currency, depending on the denomination of your account balance. For example, a USD account will have a $100 minimum deposit whether you fund via wire or credit card.

AvaOptions Mobile

The regulatory structure that LimeFX has allows them to offer clients around the world a variety of trading needs. Traders just need to decide upon which entity best fits their needs and then they can be registered there. The discussion around how well regulated a broker is tends to be based around the number of regulatory licenses they hold.

FP Markets was founded in 2005 and is regulated by top-tier authorities worldwide. The stocks that are available include Microsoft, Yahoo, Caterpillar, Boeing, Bank of America, Citigroup, Exxon Mobil, GM, Walmart, Verizon, Twitter and others. The list of indices at LimeFX includes S&P500, DJ 30, NASDAQ 100, Dollar Index, Russell2000, DAX 30, CAC 40, IBEX 35, SMI, OMX 30 and others.

You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money. Traders who keep their position overnight are charged an overnight fee, referred to as “swaps”. However, this kind of interest is prohibited for Muslims under Sharia law. To resolve this issue, LimeFX offers its Muslim clients the option to go swap-free with an Islamic account – that is the only thing that sets this account apart from a regular one. All other features, like maximum leverage, are the exact same.

Compare selected brokers by their fees, minimum deposit, withdrawal, account opening and other areas. Filter according to broker or product type, including stocks, futures, CFDs or crypto. helps traders and investors, from around the world, navigate the complex world of online brokers.

You can find the latest promotions and bonuses Rewards & Benefits. These promotions include a new trader promotion and refer a friend bonus. If you are eligible for the new trader bonus, you will receive bonus cash when you place a minimum first deposit of $200. For inviting your friends to LimeFX, you can receive between $75 and $400 worth of bonus cash when your friend places a deposit into their trading account.

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