LimeFx Review 2023 Update: Trade Forex with MT4

Select your choice of Account Registration between Individual Account and Corporate Account. Accounts that are set with limit or stop orders need to modify the prices during the expiry month to take the prices of the upcoming months into account. In CFD Rollover, the traders of LimeFx allow the CFD contracts to rollover automatically to the limefx forex brokers reviews subsequent liquid contracts prior to the expiry of the current contract. The process of CFD Rollover refers to the switching transition from the contract of the current month that is almost about to expire to the contract of the next month. Some of the financial instruments that depend on futures CFDs are rolled over at regular intervals.

LimeFx forex brokers reviews

When using the chat feature, you’re left feeling like your questions weren’t addressed. More often than not, you’re directed to a ticketing system that allows you to input your personal information, along with your problem or question. If you are trading with LimeFx from the United States, then you should know you will trade spot Forex rather than CFD Forex. Remember, leverage is a risky tool and can lead to significant losses when things go wrong so make sure you are aware of the risks when using this instrument. My honest opinion is they are a bunch of well spoken liars and thieves. Customer service is excellent as well, I used live chat to solved a few issues which is very convenient.

How to trade metals with LimeFx?

Having seen the wild west of FX brokers in the yesteryears, I had done days of research and testing back then. (Scalping, no dealing desk, fair commissions, separation of client funds, etc.) and scored all the key brokers, before opening 3 accounts with ATC. The vast development of online trading has opened up a bag full of opportunities to earn money in ways that never existed before. Retail traders can now participate in financial markets rather easily and experience the same trading environment as LimeFx banks and large companies.

LimeFx forex brokers reviews

Make sure to do your research and put your client’s interests as a top priority. For traders registered in real accounts, they can choose between provides three types of accounts, including Pro Account, Classic Account, and VIP Account. For traders who prioritize the value of spreads in broker selection, lime fx provides excellent services with low spreads, starting from 0.0 pips. 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.

LimeFx offers competitive spreads for trading in precious metals like gold and silver. To do so, it is crucial you find a financial service firm operated by regulatory bodies. A firm regulated by such regulatory bodies will allow you to make LimeFxs without being exposed to market scams. Therefore, it is very important to sign up with a trustworthy and reliable trading platform that provides good customer service. The traders need to make a minimum deposit of at least $5000 to start trading in assets. The minimum initial deposit amount may seem to be a tad too high, yet, but it is not as exorbitant as the amount charged by other best forex brokers platforms in the market.

This is what many brokers with the best spreads do, so in theory, LimeFx spread should match these brokers, but for whatever reason, their published average spreads don’t compare well. These minimum deposits for opening an account are really high, especially when compared with other brokers around the globe. Many brokers give users the option to open an account for free or have very low minimum deposit amounts. I tried to sign up for an account and they email me saying that I will be signing up with lime fx. It is just an agent or affiliate that sends you to another real broker and collects a fee but delegates the work of the floor operation and trade execution to another broker. So getting a review of ATC is meaningless because you are actually trading with a different broker and you might as well get a review from the real broker depositing your money in, NOT ATC.

New and experienced traders like the MT4 platform because it’s sleek and clean with a stylish interface. There’s not a lot of clutter or confusing information that often intimidates inexperienced traders. However, users can customise their dashboard, adding the tools and trading instruments they need to have a pleasant online trading experience.

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However, whilst ‘commission-free’ may sound more appealing, it should be noted that other platforms will recover their costs through larger spreads. Because LimeFx have a set fee, as well as operating on aN ECN basis, the platform offers much lower spreads than its non-fee charging competitors. These spreads average between 0.3 – 0.5 pips on major currency pairs . Adjusted to include the commission fee, these numbers are equivalent to 1.3 – 1.5 pips, which puts LimeFx more or less in the middle of the pile when it comes to forex fees. But for the last few months, I have been facing issues with withdrawal.

  • Commissions are USD 6.00 round-turn commission per standard lot however if you prefer to trade with mini lots the commission is USD 0.60 per lot round-turn.
  • It is also a great idea to engage with people and demonstrate good knowledge of the markets to gain their trust.
  • Engage in live trading with the help of the registered brokers of the company after depositing funds in the account.
  • Taking the MetaTrader 4 to the next level, by providing you with additional features that optimises your trading experience.
  • Whilst there are some mixed LimeFx opinions on the web, the platform benefits from some fairly robust regulation and offers a good selection of tools and features.

These include the UK’s FCA and the Cayman Islands Monetary Authority. The FCA is a national body that aims to protect consumers with stringent regulations to set high standards and protocols for firms operating in the financial industry. LimeFx claim that on average an individual and joint account takes 1-2 business days and a corporate account takes 3-5 business days, assuming the necessary documentation is in place. Traders in the US will sign with LimeFx and have the following NFA regulation licence number .

You can open on any trading assets in one click, it saves a lot of time. However, the site offers an extensive FAQ section, which answers many general questions, giving you plenty of information about the platform. This includes information about pricing, leverage, spreads, and more. If you can’t find the answer through the FAQ section, there’s a form at the bottom of the page that lets you send a message to the customer support team. If you prefer not to use the form itself, you can always email the support team directly.

Whilst we appreciate comments and feedback to improve our operations, we do not appreciate misleading and false information made to the public due to the lack of knowledge from the end user. This particular post is far from the truth, as anyone who has established a relationship with our firm can attest that we want our clients to succeed. As we are not a market maker, like most brokers in the industry, we earn our revenue from commissions. The more a client trades with our firm, the more revenue we generate. Therefore, it would be in our best interest for our clients to be successful and continue trading with our firm. A complete waste of time setting an account up with them, I was trading 2,000,000 USD in volume every week with them, I can’t imagine how their treat normal retail traders.

LimeFx Customer Support

DO NOT USE THIS BROKER, They block accounts when you withdraw full balance. You need to deposit at least $5,000 to open an account with LimeFx. LimeFx Limited was established in 2012 in London and is regulated by the Financial Conduct Authority . The broker also has an additional entity based in the Cayman Islands which is regulated by the Cayman Islands Monetary Authority .

You can refer traders directly, guide them through the live account opening process, and introduce all the benefits of becoming a lime fx client. There are no commission fees to be paid to the brokers for trading in CFDs through the platform. However, the traders may have to pay a commission fee for trading in other financial instruments like foreign exchange currencies, precious metals, and other assets and commodities. The brokers may charge a commission fee for fulfilling an order, modifying or canceling an order execution on behalf of the registered trader. One need not pay any fee for withdrawal via credit and debit cards. The company processes withdrawals within a couple of business days after closing the trading process.

LimeFx forex brokers reviews

One of the attractive methods to earn an income is through Introducing Broker programs. When compared to similar brokers a viable alternative broker choice toLimeFxisLimeFx. LimeFx is a global CFD andforex brokerwith over 16 years of experience in the financial markets. With a minimum deposit requirement of $100 USD,LimeFx feescan be classed as low. The platform of LimeFx rewards loyal clients with bonus offers and promos.

Please come back often as broker services are very dynamic and can improve or deteriorate rapidly. This problem with LimeFx using the wrong Market Watch time began on November 7 when Daylight Savings Time ended. This in-turn causes the incorrect painting of candles as noted above for several months during the year between November and March. I could easily put together a list of legitimate brokers that make adjustment to their Market Watch time in November and March to correct this issue. But unfortunately, I cannot use most of the brokers on that list because I’m a US citizen! You better believe that the parent broker used by LimeFx is very much aware of this problem!

Excellent broker transparent

In the form, select the MT4 platform, country of residence, and currency. The broker platform allows traders to become the Maker and Taker through direct one-click execution of API market orders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. We found that reviews of LimeFx were mostly positive – with the firm particularly well-regarded for the attitude and manner of customer service representatives.

CIMA aims to protect consumers by placing rules and regulations to set high standards and protocols for firms to conduct their business within the financial industry. Trading cryptocurrencies is only available for professional account types. Keep in mind that trading crypto through LimeFx is not available during the weekend. The traditional crypto exchange is open 24/7, so you’ll lose out in a few days of trading. If you’re new to forex trading and want to gain exposure to the stock markets that other countries use, trading indices is a great place to start. Otherwise, you can choose between DAX/EUR, STX/EUR, FTS/GBP, DOW/USD, SPX/USD, NDX/USD, and AUS/AUD.

The trading platforms follow strict rules and allow users to trade securely. Overall, the regulated platform of LimeFx is ideal to start real trading today. LimeFx accepts various payment modes and allows the trader to conduct the minimum required deposit and withdrawal of funds directly between the platform and the bank account. Hold discussions with the brokers of the company to make more deposits in the account for LimeFx in various assets.

Is Metals Trading Right For You?

Withdrawal fees are 25 GBP/30 EUR/40 USD for international bank wire, 10 GBP for faster payment , and 1.0% for Skrill. Typically, successful IBs are advanced traders who have a proven track record and ability to analyze the market effectively. Having high-quality trading skills can certainly help them attract clients because they are considered reliable and trustworthy. Most people tend to follow recommendations either from someone they know or someone they admire, so this is certainly a big advantage for advanced traders. There are also educational features such as Webinars, Seminars, Ebooks, and Video Tutorials. All of these facilities can be used by traders to increase knowledge about trading and the financial market as a whole.

If you’re using USD, you’ll pay $40 and if you’re using EUR, it will run you €30.00. Similar to most of its product offerings, LimeFx only offer a few energy trading options. Energies are used to diversify portfolios without having to actually own the product limefx courses scam itself. Used for several years now, Account works as advertised with good spreads and low slippage. Easy Deposit with loads of different options, and no problems withdrawing either. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.

LimeFx offers over 35 currency pairs, from majors to exotics, as well as CFD indices such as the Dow Jones and S&P 500. You can also trade a selection of commodities, including oils, gold and silver. Keep in mind that brokers will only pay for every client that becomes an active client.

LimeFx’ client funds are held in separate accounts and LimeFx utilizes top-tier banks for its account custodian services. The platform does not offer regular affiliated product bonuses, unlike other platforms. Instead, it provides the users with a partnership opportunity to enable companies to obtain deep liquidity, variable leverage, and fast trades through the partnership for company actives. Brokerage firms and corporations may register with the platform of LimeFx for free today.

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