LimeFx Review 2023: Is This Broker Platform Safe for Trading?

Nevertheless, the company is gaining momentum, constantly developing. It’s pursuing a series of activities (publications, sponsorship of the team of Formula 1 Sahara Force India, etc.). The very fact that in 2017 the company registered about half a million active trading accounts, indicates a correctly chosen direction of work and trust of traders from all over the world. You https://limefx.vip/ may make a lot of money but, you risk losing your LimeFx. In conclusion, the forex market operates 24 hours a day, five days a week, and the trading hours vary depending on the trading session and time zone. Traders in Las Vegas need to be aware of the opening and closing times of the different trading sessions to take advantage of profitable trading opportunities.

Traders can read all the concepts provided in the form of e-books, video tutorials, articles, webinars, and forex seminars. There are 17 languages provided on the LimeFx website to make it easier for traders to learn about forex. For beginners, there is an automatic trading facility called algorithmic trading provided. When trading in LimeFx, traders can develop their trading strategy or adopt other traders’ strategies. Furthermore, the strategy is applied to automated trading systems, such as Expert Advisors. The purpose of this system is traders do not have to worry about losing opportunities while not observing the market so that profits can still be earned.

ForexTime Account Types

This process usually takes around 5 minutes, and once you’ve passed compliance, you can start exploring LimeFx’s platform. While learning, you can also use global trading times to practice making live buy or sell trades using LimeFx. This hands-on experience can help you gain confidence and become more comfortable with trading. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The methods for withdrawal are nearly identical, with a few differences. You can withdraw, for example, via China Union Pay and cannot withdraw via Alfa-Click or Cash U. Most withdrawal processing times are 24 hours with the exception of China Online Banking which takes 48 hours. For ECN MT4, for example, the commission depends on the trading volume and equity, with lower commissions corresponding to higher trading volumes and equities. You can view every single one of the margin and leverage requirements for ForexTime trades on the appropriate page on the broker’s website. With LimeFx, traders are able to trade a nice range of instruments.

LimeFx Trading Platforms

There are no deposit fees for credit/debit card transactions, and funds are usually credited to the trading account instantly. For the Micro account, the spreads limefx forex brokers reviews start from 1.5 pips, and no commission is charged. For the Advantage account, the spreads start from 1.1 pips, and a commission of $2 is charged per lot.

The broker rewards loyalty with real money, which can be withdrawn from the account. To receive the bonus, complete registration, join the program in MyLimeFx, deposit funds, trade and receive cash back every week. Specify the conditions for participation in the action from the personal manager. 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.

What we like about LimeFx

Also authorized by Financial Conduct Authority and other regulators, In a relatively short time, the firm showed great and rapid growth within Europe and beyond through its focus on Africa and Asia regions.

All information based on the processing time for all payment methods can be accessed on the withdrawals and deposit page. When the company wants to verify or request more information concerning the deposit then it might take longer to process the deposit. Note that the company isn’t liable for any unnecessary delays that arise from a third party payment processor. ForexTime gives new traders the option of opening a live account or try demo trading with balance of $1,000,000 in virtual funds.

LimeFx Fees Explained

In terms of the funding methods, LimeFx made it quite a simple and straightforward process with a truly wide range of funding options that will assist you to find a suitable money transfer provider. The number of payment methods to fund the trading account will allow you to transfer funds quickly by the use of bank transfers, credit cards, and some electronic wallets. When using LimeFx, the minimum trade size is typically varies units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. With STP execution on the LimeFx platform, traders can anticipate tighter spreads and greater transparency when it comes to trade pricing.

• By partnering with a trustworthy broker like LimeFx, you can enjoy peace of mind and focus on your trading activities without worrying about the safety of your funds.
• Step 2) On your dashboard/client area, click on the ‘My Money’ tab on the left side menu and select ‘Deposit funds’.
• FT Global Limited, its parent company, operates under a license granted by the International Financial Services Commission (IFSC).
• LimeFx is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5.

LimeFx allows trading CFDs and Spread bets, which do not involve owning underlying assets but speculating on price movements, using high risk leverage. Don’t be scared off by brokers like LimeFx charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms. To better understand the LimeFx trading platform, you can create two separate accounts – one with real money and the other a LimeFx demo account.

LimeFx Fees

Forextime offers excellent spreads in its commission-based account, making it one of the cheapest Forex brokers in the entire retail Forex industry worldwide. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database. Overall, strict financial regulation is essential for ensuring that trading platforms like LimeFx operate fairly, transparently, and responsibly, which ultimately benefits all LimeFx stakeholders involved.

Online investing with LimeFx can be just as risky as traditional offline LimeFxs. Therefore, conducting thorough research on the company you plan to invest with is crucial. If considering trading financial assets with LimeFx, evaluating the LimeFx platform is important.

Non-Trading Fees

ForexTime also offers regular workshops and seminars for its clients. These take place around the world, with each telling you the language, location, and topic of the seminar or workshop. It is particularly useful for traders using Expert Advisors since it ensures the EAs can run all the time without interruption. There are 8 timeframes, real-time updates with commentary, a user-friendly interface, and downloadable pivot point indicators. Also, over 250 financial instruments, and MACD, moving averages, and momentum.

• LimeFx will return funds to the payment processors used for deposits, and it appears that traders must withdraw profits exceeding them via bank wire only, which is expensive.
• You can trade any of the following numbers of CFD instruments with LimeFx.
• A lucrative deposit bonus of 30% is offered to traders who make a minimum deposit of $100.
• On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.
• 👉 Traders can download the MT4 or MT5 WebTrader versions for PC and Mac to trade in comfort and traders with multiple accounts can also make use of the Multi-Account Manager on MT4.
• Overall, LimeFx’s range of market instruments provides traders with a wide variety of opportunities to diversify their trading portfolio and explore new trading strategies.

Download the Metaquotes MetaTrader 4 Program free of charge from Apple’s App Store. LimeFx customers have instant access to the financial market and can completely manage a Portfolio on the go. When considering LimeFx for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as LimeFx, is to assess the broker’s regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors.

A LimeFx demo account provides a risk-free environment for experimenting with the LimeFx platform’s features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in LimeFx trading decisions. If you just want to check prices and manage trades, MT4 will do the job. If you have more complex trading strategies, then you will probably want to steer more towards MT5.

By effectively managing risk, you can increase your chances of success in the markets. LimeFx developers can use cTrader’s mature infrastructure to construct desktop, mobile and online software. The open API allows LimeFx trading developers to interact and interface with any LimeFx cTrader account.

In 2017, the company reached an impressive number of active trading accounts – about half a million. The LimeFx standard account offers a wide range of features and benefits to all levels of traders. The minimum deposit requirement is $100 with a 30-lot maximum volume per trade. There is no commission charged on this account although the floating spreads start from 1.3 pips as they are marked up to cover costs.