LimeFX Review, Forex Broker&Trading Markets, Legit or a Scam-WikiFX

Rather than using paper trading techniques that can easily be faulted through human error, the LimeFX practice account is more visual and reliable. Traders can make the very same trades that would be possible using a live trading account and those trades would match the results they would see if they had placed those same trades live. This also means that novice investors could follow copy traders and see how those successes would translate into an actual trading environment. The minimum deposit for each trading account (whether Standard or Pro) will depend on your payment system.

• For example, making a $700 deposit via debit card and $300 via Skrill means a trader must withdraw 70% of profits via the same debit card and 30% via Skrill.
• In most cases, payments are made instantly and give traders a chance to feel extremely comfortable while collaborating with LimeFX.
• I rank trading costs among the most defining aspects when evaluating a broker, as they directly impact profitability.
• LimeFX processes the majority of client withdrawals instantly, without manual checks; however, withdrawals may be subject tos depending on the payment provider or method of choice.
• Two of these accounts offer almost similar features except for a few fundamental differences.

Leverage levels always depending on the instrument you trade, as well defined by the regulatory restrictions and your personal level of proficiency. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations. Trading instruments include over 115 currencies; popular cryptocurrencies including Bitcoin and Ethereum; and also precious metals, commodities, and stock indexes as CFDs. LimeFX supports bank wires (via ClearBank), credit/debit cards, USDT, USDC, Bitcoin, Neteller, Perfect Money, and Skrill. LimeFX received numerous awards for various aspects of its competitive trading environment.

Free LimeFX Demo Account for Trading Practice

However, as per the LimeFX review, it provides its service to retail clients via the subsidiary company named Nymstar Limited. One of the most things, I like about LimeFX is that it offers support in 13 languages and allows clients to get services in 15 languages. The LimeFX Raw Spread account is subject to a fixed trading commission of up to 3.5 USD per lot per side. LimeFX customers can hold a total of as many as 100 accounts per Personal Area. Of course, a standard economic calendar is available, but LimeFX also presents a daily video of upcoming market events to watch out for with a brief technical analysis.

• This means the virtual price to trade any one instrument will differ depending on the type of live trading account the investor has opened.
• If the virtual assistant can’t help, then you will be handed over to someone on the support team.
• The web terminal is built on HTML5, which gives you the fast-trading execution, while the data transferred is encrypted.
• LimeFX offers Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries.
• LimeFX offers a wide range of financial instruments for trading, including precious metals, energy, indices and stocks.

So, it seems that these licenses are trustworthy for many brokers. The trustworthiness of these regulators, besides, means that there are many reasons to trust LimeFX. More and more people were interested in trading with this company, so, nowadays the number of active clients is more than 140,000. It’s important to consider the 2010 year’s index which was barely 3,600. More advanced traders may prefer MT4 or MT5, both available at LimeFX, which allows traders to customise their indicators, has many more chart types, and has algorithmic (or automated) trading.

Trading Platforms

According to the statistics, MetaTrader 4 is one of the leading trading platforms. You can get access the MetaTrader 4 through LimeFX MT4 download for free by opening a trading account at LimeFX. All the international retail clients https://limefx.name/ will be regulated under the Seychelles Financial Services Authority (FSA). However, trader funds will still remain segregated from the corporate or B2B clients, along with the advantage of negative balance protection.

We liked the level of detail in the history section and determined that it would be a perfect tool for novice traders to reflect on any successes and failures. Social trading is a method where an online investor may choose to lean on user-found financial content gathered as their main source of information for making strategies and financial choices. LimeFX makes multiple, flexible deposit and withdrawal methods available to choose from. This includes the world’s most popular payment systems, e-wallets, and crypto-wallets respectively. Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services.

Flexible Funding Methods

We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Yes, LimeFX is licensed and regulated by multiple leading international governing bodies including CBCS, CySEC, FCA, FSA,CMA, FSC, FSCA. Cryptocurrency is based on a network that is distributed across a large number of computers. Here they will be able to select either a Demo or Live Trading Account.

Some brokers even give a discount on spreads in some cases with regard to their loyalty programs. Technical Analysis Indicator, a multilingual and customizable plugin that superimposes Trading Central’s technical analysis strategies, forecast, commentary, and key areas onto live trading charts. Remember that although MT4 and MT5 are similar, some plugins, such as this one, will not be cross-platform compatible, so this is something to keep in mind.

LimeFX Review Conclusion: Reputable Broker with Easy-to-use Platform

Some custom-made options available on LimeFX Platforms are Trader mobile app, LimeFX Trader mobile app, Social Trading mobile app, and LimeFX Terminal online trading platform. As per our limefx scams, LimeFX is regulated by the most stringent regulatory bodies, like UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). LimeFX is regulated as a securities dealer by the Seychelles Financial Services Authority (FSA) and the latest with FSCA (South Africa). It has managed to seep into various territories to help customers transact across the EU region. Being arguably the most popular platform in existence, the MetaTrader family becomes a safe choice for almost any type of trader.