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Client deposits remain segregated from corporate funds at LimeFX, and traders get negative balance protection, which I believe is an absolute necessity for leveraged trading. Regrettably, there is no investor compensation fund, for example, via the Hong-Kong-based Financial Commission, the primary authority for brokers regulated in smaller jurisdictions. Another option would be a third-party insurance policy, which LimeFX does not provide. It should be said, however, that many of today’s top brokers don’t provide these assurances, but it is a nice-to-have for brokers that offer it.
Thus, depending on the transaction volume of the invited person, a commission is given to the inviter. According to our research LimeFX bonus on deposit is not enabled, but you have plenty of other options. Moreover, knowing that this firm has an offshore entity and possibly unlicensed account managers, we would advise you to consider the option. LimeFX login from Android and iOS devices is enabled through an app with all the same features as a desktop app. However, this is the most advanced trading software with the largest number of charts and indicators.
LimeFX Protection of Client Funds
Is designed to monitor and optimize your entire trading process by offering broad functionality. MetaTrader5 is an institutional multi-asset platform offering outstanding trading possibilities and technical analysis tools. Traders can enjoy the latest version of the most popular trading platform with scammed by limefx plenty of cutting-edge features and benefits brought by LimeFX. Islamic account adheres to the principles of Islamic law regarding banking activity and Riba . It is an interest-free or swap-free account type, for those who, for religious reasons cannot trade on interest/swap incurring accounts.
Every one of the above detailed account types is a zero-swap setup, which means that all of these accounts lend themselves well to the Islamic format. As a CIF it is regulated by CySEC, which means that it is MiFID-compliant. It is also a member https://limefx.group/ of the investor compensation scheme supported by the Cypriot authorities, through which it can indeed offer some rather substantial guarantees to its users. Richard has many years of experience in broker research, testing, analysis and reviews.
- You can also check out the appropriateness of LimeFX’s services and its supported MT5 platforms for your needs by opening up a demo account with the broker before funding a live account.
- This comes equipped with a virtual fund of $10,000, and you can access the MT5 platform for one month.
- The MT5 platform is already stacked with more tools than most traders will ever need.
- LimeFX is one of the best trading platforms that brings the best value for its clients by the long list of trading options available.
- Claim your listing for free to respond to reviews, update your profile and manage your listing.
Please note that equity and index CFDs do not trade continuously but open and close each day at the above specified times. The contact information for LimeFX is a testament to the broker’s internationality. The messenger app WhatsApp shows a UK-based landline, available via the WhatsApp business app.
As a new and inexperienced trader
It displays the previous, expected and actual impact of each release whilst it can also be filtered to only display the news that is relevant to you. The economic calendar is a popular tool for fundamental analysis of various markets. I think this is a vital tool that I like to try and utilise before making any trade decision. I can tell you from experience that it is not nice to be caught on the wrong side of a major news event. Besides the initial deposit, accounts differ in access to different trading assets and the provided education.
The next point which makes LimeFX better than several competitors in the market is the number of trading opportunities. Now it is not only about the actual trading opportunities but the fact that you can choose different currencies to deposit and withdraw is a beneficial thing in itself as well. These are the features that are not provided even by some mature trading platforms. In fact, high-volume traders who fulfill the broker’s requirements, are offered special treatment, trading conditions- as well as deposits/withdrawals-wise.
LimeFX Review
Needless to say, for that money, the account covers all the perks the site has to offer, and it features by far the best trading conditions. LimeFX demo accounts allow you try out the brokers services, platforms and to practice your trading strategies risk free by using virtual funds. This can be a great way to see if the broker is suitable for your needs and to build your confidence up before making a financial commitment. LimeFX provide a good selection of trading guides that can assist traders of all experience levels to help them improve their trading skills and knowledge. There are a variety of important trading topics covered including money management, trader’s psychology, market analysis, advanced strategies and more. The MT5 platform is already stacked with more tools than most traders will ever need.
- Org, they helped me get back 85% of my money, id recommend them.
- Our educational content is a small part of the benefits provided by LimeFX.
- For full protection of LimeFX LimeFX operates negative balance protection along with complete segregation of client funds from company’s asset, Mainstay on customer popular MT5.
LimeFX offers traders access to popular tradable instruments in the financial markets, including forex, stock CFDs, index CFDs, cryptocurrencies, stocks, etc. The Autochartist plugin is available limefx scammers for MT5, and LimeFX presents a comprehensive research service, which I rate highly. While beginner traders have access to a quantity of educational content, the quality lacks notable.
LimeFX deposit and withdrawal
LimeFX provides its registered office address in Vanuatu, an official phone number in Switzerland, a messenger with a UK landline, e-mail addresses, a web form, and live chat. An FAQ section answers some questions, and I recommend live chat or phone support as the most convenient contact method if traders require assistance. Well, it was sleepless nights and the weekends was very nervous cause the markets would open up or down and it was always BAD, stay away…. All I can say is learn to trade yourself, find a regulated broker and never accept signals.
All funds deposited into your trading account must be under the same name as your LimeFX trading account. This is pretty standard procedure for a regulated brokerage firm. The economic calendar shows the date/time of the latest financial news releases that can have an impact on the various markets around the globe.
- Yes, you can open a live account and a rally account contemporaneously.
- The broker offers four different types of trading accounts called Silver, Gold, Platinum and VIP.
- Not only do they offer so many educational references for beginners, but they also have tools that even the most professional traders would find helpful.
- MT5 is available on personal computers, MAC and smartphones (iOS & Android).
- I often risked 50% of the equity as stop loss without realising it.
- The entire responsibility for the contents rests with the contributors and commentators.
The broker also advertises the segregation of client funds on their website, to provide further transparency and security to clients. Traders need to understand and remember that CFDs are leveraged, complex products that may be accompanied by the risk of incurring losses that may exceed the initial deposit of the trader. Traders need to ensure that they understand their risk exposure and determine whether the risk involved is suited to them before making trading decisions that could result in loss of capital. When compared to similar brokers a viable alternative broker choice toLimeFX isXM. Beginning traders can take advantage of introductory educational resources through beginner to advanced trading courses.
You can start using trading tools by linking your account to one of the mt4 or mt5 platforms. LimeFX forex trading account types include standard, bronze, silver, gold, platinum, premium, and VIP account types. In a nutshell, LimeFX is a highly regulated broker that offers excellent trading platforms and features with no commissions charged to the traders. The only drawback is that the broker’s spreads are very high, especially for the EUR/USD pair which stands at 3.5pips.
They’re dependable, and you can rest assured that your LimeFXs are in good hands. You can withdraw your earnings the same way you fund your account. There are no restrictions when it comes to withdrawing, except if you choose to cash out via wire transfer.
Reliable forex broker of Belarus with free tools and competitive LimeFX conditions. LimeFX does make an educational section available under the “Learn” tab. Here traders will find introductions to Forex and Futures, eBooks, and a glossary. With LimeFX, all client funds are kept in segregated accounts.
These can be downloaded directly from the Apple App Store or Google Playstore. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. LimeFX also does not offer a welcome bonus or deposit bonus or the advantage of a no-deposit bonus when traders register a real account for the first time. LimeFX is an online forex and CFD broker, located in Vanuatu. LimeFX offers following assets to be traded on MetaTrader 5 platform. These people entice you in by asking you to trust them as professional traders.
The broker also offers copy trading and algorithmic trading services. LimeFX does not accept clients from the United States or Canada. LimeFX is an intriguing broker as it only offers the MT5 trading platform with a promise of no swap rates on leveraged overnight positions. Retail traders with portfolios below $25,000 must accept higher spreads, but the absence of fees on overnight positions piqued my interest. I reviewed LimeFX to conclude if the swap-free offer creates a competitive advantage.