LimeFX Review 2022, Safety, Platforms and Fees

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  • LimeFX offers six live accounts on the MT4 and MT5 trading platforms.
  • Having a clear picture of the right margin requirements prior to your trade allows you to apply good risk management.
  • Note that when using a credit card, you are required to send a photograph of both back and front of the card.
  • While a great deal of this material is positioned at beginner traders, they do have some tools that the intermediate / advanced traders can use.
  • It’s capped off with an introduction to the different types of charts used by traders.
  • They cater to the beginner who wants to enter the world of investing gradually.

LimeFX International attempts to provide limited educational content, but the overall service remains well below that of other brokers, adding to the notable gap in the product and services portfolio. LimeFX offers a demo version on each one of their accounts accept for the Nano account. These demo accounts can be used for an unlimited period of time and you are allowed to refill your demo funds once they have been depleted.

If you don’t understand it at all, there is a help service, where competent specialists will tell you everything. I started here as a trader and now as an investor, everything suits me fine. Please specify what kind of questions you have when working with us to our email Note that we limefx website continue to work and provide our services as usual. It is unambiguously Best Platform for both beginners and pros- Very easy to understand and learn how to trade, Always up-to-date news to help in trading. Every week traders receive 3% cashback for depositing in ADVcash from $400.


And this is just a part of what the broker with almost 20 years of experience is ready to offer you. LimeFX offers the MT4, MT5 and Binary Trader trading currency platforms. offers over 45 currency pairs, cryptocurrencies, binary option, stocks index, commodities and cfds for your personal LimeFX and trading options. Every broker charges a commission fee for the services rendered, and they make their revenue by charging commission fees from the registered investors on their transactions. The commission fee however may differ based on the financial asset, trading type, and the level of trading account the user has.

  • One of these is the Autochartist trade analysis tool that will alert you to potentially profitable setups .
  • The web application automatically scans and observes the market and it consists of all the essential levels.
  • Like every other broker, it provides services to traders and derives most of its revenues from spreads and commissions.
  • A copy of the trader’s ID and one proof of residency document, issued within the last three months, will satisfy that requirement in most cases.
  • Spreads on Pro accounts start at 0.4 pips, and no commissions are charged on transactions.

All the features are the same, but you are using the MT5 software. This small Forex broker, established in 1998, has now been operating for over two decades. During this time, they have expanded and developed their offering consistently to be at the forefront of the industry, with over two million customers in 150 countries worldwide. Theminimum depositrequired to open anLimeFXAccount is $100 USD. If you own this website you can update your company data and manage your reviews for free.

At the forefront of the Forex trading market and used by most traders, the MetaQuote suite of platforms are the most popular and used by many brokers. When you trade with LimeFX, you can choose to use the MT4 or MT5 platforms on either desktop or mobile phone. 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. Yes, LimeFXdoes offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment. LimeFX offers Islamic swap-free trading on 4 trading account levels.

In terms of the fees charged on deposits / withdrawals, it will depend on the type of funding that you do decide to use and the type of currency that you will be funding in. It’s worth noting that this broker also has a huge range of other funding methods, not here mentioned. They are a lot less common and it’s unlikely that the majority of forex traders would use them, so I have only mentioned the most common.

Only trading contracts with short expiry dates for some underlying assets may not be available during times of strong market volatility or, conversely, during periods of low liquidity . If you have a dispute, please file a trading claim in your Personal Area, indicate your trading account number, position numbers and a description of the dispute. The first is an introducing broker, under this program you can receive up to 60% of the spread for each trading operation of an attracted client. The second option is a CPA partner, the remuneration is $275 for attracting a client and funding his account.

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This holds true for its stock CFD offering, in addition to the number of commodities on offer. In order to withdraw funds, LimeFX requires individuals to submit a copy of their National ID or Passport with the signature page, as well as a copy of a recent utility bill or bank statement. When making this calculation, we used one lot of EUR/USD as a benchmark as it is the most commonly traded currency pair and it usually has the tightest spread. We may receive compensation when you click on links to products we review. Select withdrawal options incur an internal fee on top of third-party costs.

MT4 has always been my personal preference as I’ve traded on that platform for a few years now, I find it a reliable platform to trade on with a range of tools to make trading easier. If you’re looking for a slightly newer version with an updated programme. Since the project has existed for 23 years, you can find a large number of reviews on the Internet from clients. Traders note interesting contests with valuable prizes, the presence of PAMM-accounts, 24-hour customer support, as well as a large number of tools.

Investors can also deposit by cryptocurrencies or cheques but these funding methods generally take up to seven working days. LimeFX International is the most trusted brokerage firm and is fully regulated by the Financial Commission of the Republic of Mauritius through Exinity Limited, a parent company. The broker does not provide negative balance protection and hence if the market changes rapidly against an investor’s current trade, the trading account will not fall into the negatives. LimeFX offers trading for Fix-Contracts that is both effective and simple with an excellent beginner-friendly interface comparison to other best forex brokersin the market. The trades can be done using only two buttons and this makes the platform exceedingly intuitive. Most of the Fix-Contract functionality is, however, available in the Fix-Contracts application only.

Metatrader 4

Clients may contact customer support 24/5, and Saturday and Sunday between 1200 and 2000. While the FAQ section attempts to answer all questions, the live chat function represents the most convenient contact method. Traders may also call, send an e-mail, or connect via Telegram, but LimeFX International maintains a well-managed operation, and most traders are unlikely to require customer support. Besides excellent performance statistics, LimeFX International developed LimeFX CopyTrade, its in-house retail portfolio management system.

LimeFX brokers are regulated under category A that includes coverage of €20,000 for complaints. The broker is supervised and regulated by renowned and reputable organizations. These regulatory authorities safeguard the traders with issues like reimbursement schemes that recover the LimeFXs of an investor if the broker goes bust. In general condition, the Russian market operates through its strict centralized nature and governmental influence on its development.

Trade with a Regulated Broker

LimeFX’s CFD offering is limited compared to other brokers, with 22 indices, 2 metals, and only 46 Forex pairs for trading. One drawback for beginner traders considering opening an account at LimeFX is the lack of educational and market analysis materials, forcing traders to self-educate elsewhere. LimeFX International derives most of its revenues from spreads and commissions. The commission-free Micro and Standard MT4 Accounts commence from an above-average mark-up of 1.7 pips and 1.2 pips, respectively.

LimeFX scam

They are a self regulating and external dispute resolution body. LimeFX have a huge range of funding options including Visa/Mastercard, Skrill, Neteller, VLoad and wire transfer. I think it’s better to work with new companies that haven’t gotten too greedy and want to get promoted. The old Dinosaurs will swallow you up and you won’t have time to say anything. If we talk specifically about binary, the platform leaves a lot to be desired. Does not pass the password set at any time, sms with the code do not get.

For the purposes of this review, we found the customer service responsive and well-informed. LimeFX International offers a short educational section which will be very useful for beginners with little experience trading. Unfortunately, there are no video tutorials or webinars on offer at the moment, although LimeFX dedicates a page on its scammed by limefx website to webinars. MT4 and MT5 are freely available on both Android and IOS mobile phones and tablets. The advantage of using the MetaTrader platform is the cross-device and multi-broker functionality, making it easier to change brokers or use multiple brokers. MT5 allows traders to chat with other traders directly on the platform.

LimeFX Tags

The MT4 infrastructure remains priceless, but clients must invest in upgrades. All trading platforms exist as a desktop client, webtrader, or mobile application. Going to LimeFX’s official website, you can easily make sure of that. It is probably one of the most informative and convenient resources on the broker market, where any trader will be comfortable enough to work. In addition, here you can learn about current bonuses and contests of the company, choose a convenient platform for trading.