Contents
According to the broker, cryptocurrencies are a relatively new asset class, and as such, they can be quite volatile. For this reason, LimeFX believes that it is important to approach them with caution. Currently, they are monitoring the cryptocurrency market closely, and may offer trading in the future. With LimeFX, you can rest assured knowing that your withdrawal request will be honored and they are highly unlikely to manipulate market prices due to the regulations imposed on them.
This has made forex a popular trading instrument with day traders who look to capitalize on these frequent fluctuations by making numerous trades day-to-day. Its popularity with traders has made forex the most liquid financial market in the world, with an estimated daily trading volume of over $5 trillion. Is there an LimeFX promotion, or are there any other incentives for account holders? LimeFX does not have any pretenses about being a comprehensive LimeFX platform.
- MT4 is known for the way it combines an excellent range of features and powerful trading tools with an intuitive and minimalist interface.
- Yet, it is fact LimeFX does not provide comprehensive educational service, which is crucial for beginning traders, but is a broker designed for professional trading.
- LimeFX offers a fairly comprehensive customer support service, available 24/5 across several channels.
- I don’t want to make this a review of Nial Fuller or his website, but he does do a great job of explaining in more depth why using New York time is so important for any serious forex trader.
- Adding charts seems obvious but its absence would leave many lost without vital information such as price movements over time.
Therefore, it would be in our best interest for our clients to be successful and continue trading with our firm. Below is a detailed article by professional trader, Nial Fuller, of the United Kingdom. I don’t want to make this a review of Nial Fuller or his website, but he does do a great job of explaining in more depth why using New York time is so important for any serious forex trader. I find it ironic that LimeFX will ignore a UK-based professional trader on this matter (and others!). All the while, coupling themselves as an Introducing Broker with a parent company that uses the wrong Market Watch time. Pick up any in-depth book by professional forex traders worldwide and they will most likely cover this aspect of selecting a broker.
Post your own Review
It should be noted that the USA website offers fewer trading instruments than its UK counterpart – most notable is the absence of CFD listings, which might be off-putting to traders looking for more options. However, we will now take a look at what LimeFX do have to offer. LimeFX USA continues its streamlined theme with its singular platform offering. Experienced traders will probably already be familiar with MetaTrader 4, as it is one of the most popular platforms available on the market.
They also have competitive spreads and offer Alexander CityPress release give complete freedom when it comes to customization and automation. We would recommend LimeFX for both beginner and experienced traders looking for a reliable online broker. After taking a thorough look at LimeFX, our review team found that the platform has its good points and bad.
It has been covered in ALL forex books I’ve read over the last 12 years. Our mission is to provide online investors with the most unbiased, comprehensive reviews and ratings of self-directed brokers. Vetted by multiple industry experts – including a financial research firm with more than 20 years of experience in broker ratings – Our Broker Ratings and Reviews embody industry best practices for research design.
Operating out of California, LimeFX USA has built a reputation for its focused offering and is quick to laud its transparency and unbiased market service. LimeFX is a foreign exchange trading brokerage company that provides online trading solutions for retail and institutional clients in the forex trading industry. LimeFX was launched in 2005, headquartered in London, UK, authorized and regulated by the Financial Conduct Authority . This broker also has an additional entity based in the Cayman Islands which is regulated by the Cayman Islands Monetary Authority . LimeFX follows an STP model, offering forex and CFDs instruments. LimeFX has only one trading account to the worlds’ financial markets FX, Metals and CFDs.
The dashboard can also have customized settings set up so each trader has what they need. Adding charts seems obvious but its absence would leave many lost without vital information such as price movements over time. However, the platform is also in the process of expanding its offering and now also offers access to the metals market.
Blocked my account when request withdraw of full balance
Good, hassle-free broker and they have been trust-worthy for many years. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of limefx scam 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.
LimeFX is a popular online broker that offers a variety of features and tools for traders. One of the most appealing aspects of LimeFX is its low fees. The company charges just $0.10 per share for stock trades, and there is no commission for options trades. This makes LimeFX an excellent choice for active traders who make a large number of trades.
The chat function was even more readily available, with an agent available in just a couple of minutes. The legitimacy and reputation of a broker is always a major concern for traders. Even if a firm has been on the scene for several years, reputations aren’t always enough to go by when investing funds.
Easy Deposit with loads of different options, and no problems withdrawing either. They cost me -£1,000 by telling me incorrect information, after I withdraw my funds they closed my account down. I emailed them after saying I didn’t want my account closed and what the minimum amount I needed to keep it active, no reply.
The minimum trading lot size of MT4 for CFDs is 0.10, and the minimum trading lot size of MT4 for forex and precious metals is 0.01. I tried to sign up for an account and they email me saying that I will be signing up with LimeFX. 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. The argument put forth by SCAM brokers in the past went something like “We are located in a different time zone and, therefore, we use a time that does not match New York time.” Absolutely ABSURD !! Can you imagine Charles Schwab using California local time for their charts instead of NY time because Schwab’s headquarters is located in California ???
responses to “LimeFX”
MT4 is known for the way it combines an excellent range of features and powerful trading tools with an intuitive and minimalist interface. There is also access to LimeFX’ expert support and automated services. Jenna Arnold has always been fascinated by the stock market and the world of trading. Having dabbled as a part-time trader while at university studying English Language, she leveraged her insights into this world into a full-time career as a writer specialising in trading and broker reviews. Jenna joined TradersBest.com last year and now heads all of our trading content, working remotely from her home in Massachusetts.
There are also very few complaints regarding the site’s performance – it is quick to load and our LimeFX review found no dead links. The simple design of the site also makes it easily portable to mobiles and tablets without losing functionality. Whilst the US regulation of LimeFX is less stringent than that of other authorities, it is enough for traders to be confident that LimeFX USA is not a scam. Many fraudulent firms will even claim to be domiciled in a regulated jurisdiction, and display fake regulatory licenses and addresses on their websites to try and improve their credibility with unsuspecting investors.
After reading, you should be able to answer these questions and decide whether the platform suits your own trading goals. You’ll also be able to see how it measures up against rivals found in our Ally Invest review, LimeFX review, and Fortress Capital. After conducting some research on various social media platforms , as well as online trading forums, a general theme emerged where users were dissatisfied with their experience with LimeFX. Based on this user feedback, it appears that LimeFX is not a trustworthy broker, and hence, extreme caution should be applied before investing through their brokerage platform. Withdrawal options are good including Bank transfers, Cards and w-wallets. For the fees while transferring funds to or from the account, the broker adds a charge of 2.9% for Cards and E-wallet deposits, Withdrawal fee for USD currency will be 40$ .
LimeFX
Overall, we were impressed with the quality of their service and the depth of their offering. For beginners, they have an extensive education center that covers a wide range of topics, from the basics of forex trading to more advanced concepts. MT4, or MetaTrader 4 is one of the most popular trading platforms among forex traders. The software offers an extensive range trades including CFDs which have become very profitable in recent years due to high market volatility. The wide variety and ease-of use features make this program extremely sought after by traders around world who want access without all those pesky fees charged by other companies.
Forex is traded in ‘lots’ – with a micro lot consisting of 1,000 units of currency, a mini lot being 10,000 units, and a standard 100,000 units. If you’re a novice trader, you’ll want to focus your limefx broker reviews attention on mini and micro lots. All things considered, LimeFX open account holders can be reasonably confident that their funds are as safe with the platform as they are with any other.
If any rule is violated in their position as a regulated broker then this could result in stripped status which would make trading impossible for all parties involved. NFA is a self-regulatory organization set up by the CFTC specifically for the US derivatives industry, providing innovative and effective regulatory programs. One thing to be aware of when opening an account with LimeFX USA is the reasonably https://limefx.name/ high initial deposit requirement. This is considerably higher than the $50 required from its rival firm that we discovered in our LimeFX review, yet a great deal lower than the $10,000 minimum deposit for CitiFX Pro accounts. LimeFX was founded in the UK and was authorized by the Financial Conduct Authority, which is a world-renowned regulatory body for British financial institutions.
User Reviews
Access to the trading platform, educational resources, customer service, and account information are all easy to find via the tabs at the top of the screen. There is also a page dedicated to the products and services provided by the company. Each page then presents information in a clear and intuitive way, making it easy to find what you are looking for. The minimum purchase for metals was 0.500 lots, up to a maximum of 500.
Internationally, LimeFX is also regulated by the Cayman Islands Monetary Authority. For instance, trading decisions made on a 15-minute or 30-minute chart could be dependent upon what is happening on the current 4-hour or Daily chart. LimeFX offers 38 currency pairs, 11 CFD instruments, and 5 Cyrptos for your personal LimeFX and trading options. In addition to MetaTrader 4, MetaTrader 4 Mobile platforms, LimeFX.com offers proprietary MT Pro software for MetaTrader to enhance traders’ MetaTrader 4. In the US meanwhile, the LimeFX USA is registered as an independent introducing broker with the Commodity Futures Trading Commission and is a member of the National Futures Association.
