LimeFX Forextime Review 2021

Then there is a further split to your preference of the trading transactions, instrument and the trading size, which all in all offers you 3 Account types – Micro, Advantage and Advantage Plus. When you trading with LimeFX you are able to operate with fixed or floating leverage. From the fast client approval to the general trading process, comprehensive learnings and available features, LimeFX proves its high ranking among the traders’ community with more than 90% of positive feedbacks. Choose experienced traders, follow them, and sit back while they do all the work.

  • We are deeply sorry for the negative experience you had with LimeFX.
  • That way, they can take action immediately and never miss out on an opportunity.
  • LimeFX offers trading on more than 50 major, minor and exotic currency pairs.
  • It attracts a higher LimeFX spread but charges no commission.
  • LimeFX is regulated, governed and supervised by reputable financial regulatory bodies.
  • These LimeFX Trading Signals include 8 currency pairs, 3 market indices, and 3 commodities plus 3 popular technical indicators, and 2 scenarios.

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Furthermore, traders can use their own risk management configurations. MetaTrader 4 MultiTerminal provides a intuitive easy to use dashboard where traders can administer and supervise several trading accounts. MultiTerminal will let you manage over 100 Accounts simultaneously allowing you to place market orders, pending orders, view live market prices and track all accounts and equity at real time. All Trading accounts must be in on the same MetaTrader server.

Broker Types

Clients do not need to pay any registration fee when they open a live trading account with this broker. Unlike many other brokers, LimeFX is regulated and licensed to give their clients peace of mind. Regulated by CySEC, FCA and FSC they are compliant with all safeguarding rules regarding client funds and they are also licensed by the FSCA. There are no fees on deposits, however, for withdrawal, the fee depends on what payment method is used.

If you are looking for Forex brokers to trade currency pairs on global Forex markets LimeFX offer over 40 currency pairs. You can sign up for a demo account to acquaint yourself with LimeFX platform. Investing online can be just as risky as any other kind of offline investment.

LimeFX broker

The account types and their specifications are well-thought of. The platforms offered by this broker are a great deal, knowing that these platforms (MT4/MT5) are famous and the most preferred platforms usually used by traders in the trading industry. The ability to choose from limefx broker reviews more than 250 financial instruments is definitely an advantage. Having the option to trade across Forex, Spot Metals, Stock CFDs, CFDs on indices, and CFDs on commodities, plus current pairs is quite a deal. Their spreads are competitive, and their education program is great.

The MTQ has also introduced the MT4 web terminal which requires no download but web-based access. The Meta Trader 5 is somewhat more advanced than the MT4, but yet not all traders would agree, and they still swear on the MT4. The MT5 is known for MQL-5, a series of order types, and all possible execution modes. Both platforms are accompanied by relevant Forex Time mobile apps which became as important as the computer versions. A broker could barely survive today without offering mobile trading.

The product portfolio is limited, as it lacks some asset classes like ETFs, bonds, mutual funds, etc. “Or you can use the powerful ability of Social Trading by becoming an investor, this option allowing you to follow ranked” strategy managers that you can choose through many criteria or filters to follow. There are established centers in Asia region including Indonesia, Malaysia, Thailand, China, as well as Africa region, Europe and more, so it is true to state LimeFX Forex platform covers the global needs of traders. In reverse, professionals may become managers and gain extra income by being copied. However, the Bonus program is strictly available only for the international brand of LimeFX and those clients that are trading or holding an account with Exinity Limited, registered under the laws of Mauritius. Yet, you should always consult with customer service and confirm data, as various jurisdictions may apply slightly different rules.

Is LimeFX A Good Broker?

In addition to these, some customers might be interested to learn that the broker also offers Exotic Currency Pairs like CHF/NOK and EUR/TRY. Clients of LimeFX are offered the ability to trade on the move via mobile using the MetaTrader mobile trading app, as well as the broker’s own LimeFX Trader app, all available for Android and iOS devices. The apps can be downloaded via the broker’s website, from the client portal area or through the relevant Apple App Store or Google Play Store. From this client portal area, users can manage different accounts, access trading services and promotions and payment options.

Although ForexTime is one of the newer brokers, it has been growing at a fast pace and has earned numerous awards in it’s lifetime. ForexTime is well regarded in the industry with competitive spreads and is regulated in the UK by the FCA and Cyprus by CySec. The company’s charter is registered in Saint Vincent and the Grenadines. Alpari Research & Analysis Limited, which gives a London address, provides only research and analysis and is not licensed to trade.

LimeFX broker

So how did we approach the problem of making their fees clear and comparable? We compare brokers by calculating all the fees of a typical trade for selected products. Just make sure when you pick a broker, to check out his trading days, P/L daily, etc. LimeFX, an Exinity Group company, announced the launch of 11 innovative new indices offering clients new ways to trade the FX majors and popular market sectors. The new products, promoted as new Currency and Stock Baskets, include six FX indices monitoring the performance of EUR, GBP, USD, JPY, AUD and NZD against baskets of other… What is more, Forex Contest is established by LimeFX competition held regularly and is one of the ways to test strategy, polish skills and grow confidence.

It was regulated by the Financial Services Authority in September 2006. The company opened and closed several branches in other countries. Alpari UK Ltd was fined £140,000 for anti-money laundering failings by the FSA in 2010. The firm’s former money laundering reporting officer, Sudipto Chattopadhyay, was also fined £14,000.

Developers can take advantage of cTraders mature infrastructure to construct desktop, mobile and online software. The open API allows developers to interact and interface with any cTrader account. Download the Metaquotes MetaTrader 4 Program for free of charge from Apple’s App Store. LimeFX customers have instant access to this Financial markets, with the ability to completely manage a Portfolio on the go. LimeFX safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. LimeFX also urges its clients through its web platform to always look for the SSL security sign on the browser while operating LimeFX.

LimeFX offers multiple options of platforms (MT4/MT5/LimeFX Trader) as well that will surely fit any type of trader, both beginner and professional. ForexTime is a leading global broker that offers traders the ability to trade Forex and CFDs. The brand specializes in leveraged trading, which gives traders the potential to generate financial returns on both forex indices rising and falling prices across Forex, indices, commodities, and shares. The brand dedicates itself to giving its best to serve its clients, both experienced and beginner. This broker is trusted by over 2 million individuals worldwide. LimeFX has gathered more than 25 awards for its products and services since it started in the trading industry.

Trade Life Cycle In 9 Stages, All You Need To Know

In addition to the deposit bonuses, there is a $30 trading credit when you switch to LimeFX. For loyal LimeFX traders, the broker offers the LimeFX Loyalty Cashback program where loyal traders can earn rebates on their trading cost. The MetaTrader 4 and 5 mobile applications are available at the Apple and Android app stores.

Here’s our expert view after checking the LimeFX trading app. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises. Yes, it is regulated by theFinancial Conduct Authority ,Cyprus Securities and Exchange Commission , and theFinancial Services Commission of Mauritius. The CySEC-regulated entity is also licensed by Financial Sector Conduct Authority of South Africa.

They also offer international bank transfers at extremely attractive rates. Now, is the time to choose the LimeFX type of account you want. There are quite a few additional charges applicable that may make it more expensive to trade on LimeFX broker. If your account remains inactive for more than 6 months, you will be charged $5 for every month after the first 6 months. At the prevailing rate, the inactivity fee is quite low and it seems to prompt you to remain active.

Is LimeFX A Legit Company?

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill. LimeFX require a minimum desposit of 10 GBP/USD/EUR when opening an LimeFX trading account. LimeFX are able to accommodate various levels of traders whether you are experienced or a beginner. If you are interested in trading with LimeFXin any capacity please take the time to read and research the whole LimeFX review. There are many aspects to assessing a broker’s services in general, maybe even too many to list.

Responses To LimeFX

1) You are forced to copy open trades each time you deposit funds. Copying open trades makes sense in case of long-term portfolios, but for the forex market, that simply doesn’t work, and most certainly, it will mean taking losses. Scalping, News Spike Trading and Expert Advisors are supported. Investors may choose to follow successful traders through managed account services. No, LimeFX is not a scam as it is well-regulated and has been in business since 2011. This puts it on par with other top-rated forex brokers and shows that it is not a fly-by-night operator.

Leverage

It is a legitimate broker that has been operational since 2011. The broker is also regulated in several jurisdictions such as in Cyprus, UK and South Africa. Opinions expressed here are solely the author’s and have not been reviewed, approved or otherwise endorsed by reviewers. If you’re beginning to trade, learning how to read forex charts is integral to your success. We’re taking a look at the primary charts you need to know. Benzinga provides the essential research to determine the best trading software for you in 2021.

They offer impressive multilingual client support helplines as well as an impressive array of payment methods. As they also have free market reports and analytical tools, this broker is recommended. LimeFX was founded just over 8 years ago in 2011 with a mission to provide the best possible trading standards paired with impressive educational resources and advanced trading tools.

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