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When we had set-up our trading parameters and placed our order, the trade was executed immediately. This falls in-line with the platform’s decision to utilize Straight Through Processing, meaning that there’s no requirement to use external dealing desks. Moreover, there have been no concerns regarding pricing manipulation, because the platform doesn’t engage in re-quoting. Once you’ve found your asset and clicked on the respective buy/sell button, you then have variety of options to completely customize your preferred order. This includes stop loss and take profit orders, also as pending orders like buy and sell limits, and buy and sell stops. In terms of finding your preferred financial instrument, you’ll do that by scrolling down the list of assets on the left-hand side of the trading screen, or by simply checking out it within the search box.
LimeFX is a forex and CFD brokerage company based in the offshore island nation Dominica, where forex brokers are generally not regulated by the government. As a consequence, brokers located there can offer much more flexible trading conditions than brokers elsewhere, including much higher trading leverage. TradingBeasts helps individual traders learn how to trade forex, cryptocurrencies and other assets as CFDs. We verify and compare brokerage companies and warn our readers about suspicious projects or scam marketing campaigns.
- Traders should be aware that unregulated providers usually will not provide much if any, client protection.
- Besides, even experienced traders can find great use of this account if they’re transitioning from one market or strategy to another.
- The tier system reaches five levels of sub-affiliates underneath you, which means you can earn large commissions.
- LimeFX then makes variable spreads accessible, which means the spreads are incessantly wavering whenever the market is erratic.
In the MT4 tool, you find particular sessions in asset trading in the specifications option. Nowadays, traders and investors can easily buy and sell tradable assets by clicking on a computer button. This way, you can fend off large commissions charged by unscrupulous money managers and do business in the comfort of your own home. If you intend to look for the most reliable internet brokerage platform, the biggest hurdle you will face is finding the right one that fits your needs. Unfortunately, cyberspace is such a vast area that determining a trustworthy and suitable one is like looking for a needle in a haystack.
Start investing with LimeFX
You can also get the same tools and features directly from the site, along with straight-from-the-chart trading and live quotes. It has striking visuals, whose user navigation is easy and straightforward. It has favorable feedback and reviews online and is currently available in twenty languages. You can trade anywhere you may be by utilizing MT4 for Android or iOS devices or straight off from a browser, even without downloading or installing a WebTrader software.
Now, generally speaking, LimeFX doesn’t feature a traditional type of license, which would trigger an LimeFX scam alarm in any other review of ours. The minimum deposit amount required to open an account with LimeFX is $10. Traders should be aware that unregulated providers usually will not provide much if any, client protection.
LimeFX company overview
You have the option of selecting from three execution modes like Execution by Market, Instant Execution, and Execution by Request and have additional features available to peruse in the platform. There are many other features like price analysis, built-in tick charts, a news feed, and other ultra-fast trading functions. These are deemed essential functionalities for traders of different skill levels. Since LimeFX is relatively new in the foreign exchange community, it has to provide highly competitive spreads to attract potential clients and create a dependable reputation.
LimeFX offers traders with the use of the award-winning and popular MetaTrader 4 which was developed by MetaQuotes. MetaTrader 4 is one of the most used trading platforms available today and it is used by millions of traders from around the globe. LimeFX partners with many of the top LimeFX banks and dark pool liquidity execution venues to ensure that our clients always have access to the best trading conditions. These connections ensure that you’ll always have access to the tightest spreads and best pricing.
LimeFX does not offer traders with any education or training on the official website. However, traders can access a variety of training and education through the MetaTrader 4 trading platform. LimeFX has been featured in several popular publications from Forbes to Finance Magnates, and several others. Traders are offered with access to over 100 tradable financial instruments, spread across several asset classes. The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds. If you have enough money to take out in your account, the whole withdrawal process will take place on the same day, same with depositing.
I have traded on LimeFX for over 12 months now and they have consistently been the best crypto broker I have encountered. No fuss, no gimmicks, they provide competitive trading conditions for Forex and Crypto alike. What’s most unique about MT4, however, is probably the very large marketplace for Expert Advisors that exists inside the platform.
ADDITIONAL INFORMATION
In terms of trading platforms, LimeFX has chosen to focus exclusively on the classic MetaTrader 4 platform. Released all the way back in 2005, MT4 has gathered a huge user base in the forex trading community, and many fans still love the platform despite its old limefx forex broker age. For cryptocurrency trading, the broker works with the well-known crypto exchange Bitfinex as its liquidity provider. For forex & CFD trading, however, the name of the liquidity provider are not disclosed by the broker, which appears somewhat questionable.
Not only do we offer support 24-hours a day, 7-days a week, we provide multiple ways for you to contact us. Whether you need help with creating an account, or have questions about a specific trade, we’re here to help. Feel free to call, email, or use live chat to speak with one of our friendly agents throughout the week, as well as on the weekend.
Given all the above-mentioned details, and despite the fact that there’s no factual license to be found, we believe LimeFX to be a reliable broker. With that being said, however, it doesn’t directly mean that LimeFX is a scam broker. That’s because we actually dug deeper into the platform and didn’t assume the worst right away.
We systematically conduct broker reviews, no matter how big or small they are, and give you our honest take on their offerings. Movements in the price of foreign exchange and commodities are very https://limefx.name/ unpredictable, hence LimeFX cannot guarantee a maximum loss that a trader may suffer. As with currency exchange markets, commodity markets offer trading in contract-based tradable goods.
We invite you to check out our platform at any time to see our spreads and rates in real-time. If you are still uncertain about your trading capability, LimeFX offers a demo account for novice traders who need a boost of confidence. You can make alterations like putting in any leverage and deposit amount in the MT4 tool. In terms of testing out the Eagle FX trading platform, we initially decided to utilize the demo account feature.
Definitely recommend this broker especially to novice Forex and Crypto traders. When it comes to trading terms and conditions, LimeFX offers you hundreds of varying trading assets, including currencies and cryptocurrencies. The leverage ratio, as well as spread rates and bonus offerings, make this particular platform very enticing.
LimeFX might put limitations on your deposit for the month, which is dependent on your preferred method of depositing. For example, when transacting with debit/credit cards, there is a 5k dollar maximum deposit. Regarding technical indicators, they refer to the collection of market data that happened in the past. Traders utilize this info for technical analysis to foretell trends in the forex market. They demonstrate if a particular trend is strengthening or weakening.
First things first, we should explore all available trading instruments. Another good feature we found is a decent selection of trading software available at LimeFX. Traders can use both MetaTrader 4 and WebTrader that come with LimeFX demo versions as well. We’re always excited when the broker has a WebTrader version as it allows them to customize it as much as possible. The LimeFX website is a decent place where you can find information about how trading with this broker is done.
In conclusion, we are of the impression that LimeFX is an innovative broker, particularly in terms of its cryptocurrency offering. The broker offers a far better selection of cryptocurrencies than most other traditional CFD brokers, and also offers these assets with much higher leverage. For cryptocurrency traders who like to trade on the MT4, we therefore think LimeFX is a good choice to go with. As usual, all of these assets are offered as leveraged contracts-for-difference .
LimeFX also offers unlimited access to cryptocurrency trading, offering more than 31 pairs which can be traded through MetaTrader 4, one of the most popular trading platforms in the industry. Another benefit that LimeFX offers its clients limefx official site is 24/7 customer support via live chat, email, and telephone. LimeFX is continually reviewing the trading services that they provide to ensure that clients have everything that is needed in order to profit from Forex trading.
LimeFX ACCOUNTS
We may see sideways movement in gold today due to lack of economic events, so the buying and selling can… The ban is for social activity only – participating in public chats, publishing ideas, commenting and so on. This is fully complemented by a variety of technical analysis tools and indicators – all of which are facilitated via the industry-standard MetaTrader4 platform.
LimeFX review for traders – Is it a scam or not?
Once we had executed our withdrawal request to our Coinbase wallet, we were advised that the payments team process cashouts every hour. Faithful their word, we received our funds back in only over an hour, which may be a major plus-point for traders seeking fast withdrawals. Although there have been no deposit fees to deal with , we were advised that it can take up to six hours for the funds to be credited. Because the Eagle FX platform also claims to facilitate super-fast withdrawals, we explored what the method was like. We got the choice of cashing bent our private Bitcoin wallet, Coinbase wallet , or via a Prepaid MasterCard. Been using LimeFX for just over 6 months and I’m yet to find a better broker.
LimeFX Review – Is it a Scam or Legit Broker (
As it turns out, LimeFX has one standard trading account, which can be modified in a number of different ways. This includes the ability to open accounts with varying base currencies such as the LimeFX ZAR account. On top of that, you can also open an Islamic or a demo account and use their benefits to the fullest. 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.