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Signals are accurate and good. The only thing I do not like is their slow withdrawals. Smooth withdrawals and good customer service. Highly recommended trading brokers. They have shown expertise in forex trading.
For example, you can rest assured that your funds are safe because they are held in a segregated account with a major financial institution. In fact, €730,000 must be set aside in external accounts, as required by the CySEC. That proves that they have plenty of operating funds and won’t use your balance as a way to conduct their own trading activity. When you are logged in, you can access the client trading area, which showcases all of the instruments available to trade and the various charts related to modifiable timeframes.
CFD trades on other markets have no commission but do wrap a spread around the market price of a certain instrument. Commissions are the charges imposed by an LimeFx broker on a trader for making trades on the trader’s behalf. The level of commissions depends on the asset being traded and the type of service offered by the broker. In the case of Muslim customers, special Islamic accounts, that is swap-free accounts, are offered that mirror the other account types but operate in accordance with Shariah law. LimeFx is a broker that was founded in 2019 in Cyprus.
Demo Account Review of LimeFx Broker
LimeFx also partnered with MTE Media, a leader in the financial education market, for a comprehensive research package. LimeFx scatters the content generated by MTE Media over five sections, which I find unnecessary. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs. Scam reports have surged over the past year, with claims of account managers asking for more deposits before honoring withdrawal requests.
Very prompt and delivers efficient services always. I have used several broker services in the past but this one is the best. They have excellent broker services and withdrawal is smooth. I have been dealing with them for quite some time but they consistently delivers good services.
A maintenance fee of 10 USD/GBP/EUR must also be paid every month irrespective of whether there are transactions on the trading account. LimeFx does charge a commission fee of 0.8% of the asset’s notional value on equities and cryptocurrencies. A rollover fee is also charged for positions held overnight. My two-month test of this brokerage company turned out to be successful.
Smart trading platforms and tools for day trading. I have traded with several companies in the past but this one got the best tools. They are good forex brokers.
Trading Platforms
Yes, LimeFx offers a demo or practise account with $100,000 in virtual currency. To access the demo account, sign-up with the broker by filling out some basic information such as your name, preferred base currency and contact details. LimeFx offers two trading platforms, the LimeFx Web Platform and the world-famous Metatrader 4. LimeFx EU and LimeFxInternational enable trading in a variety of assets on its MT4 trading platforms. However, is it legit or a scam despite the broker’s appealing characteristics?
It also has interactive courses and many other innovative features, making learning less of a chore. At the same time, there is a very efficient customer support service available via live chat, email, or phone 24/7. This isn’t something common among online brokers, most of them provide support only during business days. A brand name of Mount Nico Corp Ltd, LimeFx is a forex and CFD broker, regulated by CySEC and following the MiFID II directive. Since its headquarters are in Limassol, Cyprus, the services are designed for traders within the European Economic Area and Switzerland. By a slight glimpse of the LimeFx website, it’s apparent that this brand designed a very comprehensive trading offer.
Which platforms are supported by LimeFx?
They are skilled, prompt and very accomodating. Have started using their services a month ago and so far all is working fine. I will surely keep this trading broker. I researched and by reading really good reviews I decided to trust them and I really made the right choice. I am gaining great returns.
Amazing online trading brokers and services. Customer service has been very professional and friendly. Brokers are skilled and always come up with accurate market analysis. I am fully satisfied with this broker’s service. Superb customer support and smart brokers.
Perhaps, you might have guessed that I mean currency pairs and commodities closely connected with each other. I don’t doubt that you can name these assets if you have enough trading experience. They are very professional and skilled in trading forex and cfd’s. I get good profit and good services.
- You will also see a link to a client agreement section, which we urge every person interested in trading with the firm to read first before joining.
- As we will see later in this review, this broker offers comprehensive educational materials for beginners, intermediate, and experienced traders.
- Traders will conduct all financial transactions from the secure back office of LimeFx.
- Depending on the trading strategy, it may become the most significant fee per trade.
- An FAQ section helps for the most common queries.
- All of the main currencies are available including the USD, GBP, EUR, JPY, and CAD among others, along with some niche currencies that can offer excellent trading opportunities.
Take a look CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Open Demo Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. As already mentioned, LimeFx provides both the MT4 and the cTrader platforms. MT4 is the most popular trading platform for forex and CFD trading and it is no wonder that it is offered by over 95% of brokers.
All reviews remain unbiased and objective and immediate action will be taken against any broker which is found to be in breach of regulation. These partnerships have proven to be great aids in the furthering communication between brokers and our visitors. 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 can afford to take the high risk of losing your money.
Review on Fees and Commissions of LimeFx Broker
However, the three pairs offered by LimeFx are the most popular. LimeFx’s pricing is in line with what most competitors https://limefx.group/ offer. In order to withdraw, the user must also complete the LimeFx’s assessment of appropriateness.
Following them you’ll be able to discover the world of trading. In addition, LimeFx offers more educational resources such as exceptional Trading Video Tutorials and valuable Trading eBooks, for traders to continue learning with comfort. LimeFx offers weekly webinars to help traders stay up to date with the latest market developments. These webinars are categorised into beginner, intermediate, and experienced traders. Furthermore, the webinars are recorded and uploaded on their website so that those who miss the live sessions can watch them later. The accessibility to these webinars depends on the type of account that a trader uses.
LimeFx offers forex traders with a demo account that can be used either as a practice account by beginners. It can also be used by forex traders who wish to develop and test their trading strategies using virtual capital in a risk-free trading account. With LimeFx, beginner traders can not only enjoy well-structured trading courses but are also assigned a dedicated account manager. The role of the manager is to help the trader to grasp the basics of trading.
CFDs Trading with LimeFx,
LimeFx deploys practices intended to drain account balances rather than maintain a competitive trading environment. Manipulated swap rates via internal mark-ups, unsuitable for leveraged trading. LimeFx is also compliant to MiFID II directives and also observes the EU General Data Protection Regulation . I don’t exclude the possibility of upgrading my account to professional in the future. But on the other hand, I can do without it.
The LimeFx minimum deposit is $250. LimeFx maintains higher account tiers but fails to provide information on their lime fx requirements which is strange. The Trading Central MT4 plugin provides traders with quality third-party research.
You must understand that Forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose! Trading with leverage can wipe your account limefx reviews even faster. CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors.
The LimeFx broker also has a healthy variety of assets, allowing for diversification. Lastly, both the MetaTrader4 platform and the other proprietary platform work great for trading CFDs. Hello everyone, Never ever trust this kind of trading company. I got scammed too for $200. When Ihsancan instruct me to buy more trades to the point he want me to deposit another $1000, to save my money. So i was not sure about adding more profit when i did not earn from my first profit.
