LimeFx forex broker: LimeFx: Best Forex Execution Broker 2019

Autochartist is one of the most essential chart tools for trading. Traders use Autochartist to conduct technical market analysis necessary for prudent decision-making while trading CFDs on crypto assets, oil and gas, stock indices, and forex. The tool employs the advanced chart recognition mechanism to scour through huge volumes of market data and identify the price levels of asset prices and trading conditions of CFD and forex instruments. The users of the VIP Account are generally LimeFxpanies that make the minimum deposit of an amount of money of at least $50,000 to establish contact with the brokers. Add the most significant stock indices of the world as well as non-renewable commodities like oil and natural gas to your portfolio by signing up with key brokers and other brokers of LimeFx. The online trading platform allows trading in eight different stock indices.

In line with KYC protocols LimeFx them requires users to share information on LimeFx objectives, trading experience, educational background and source of income. This helps the firm guided clients to the best type of account for their trading style and meets the requirements set out by the broker’s regulator. Whichever approach you take, you will have access to analytical tools and trade indicators that are considered to be among the best in the industry.

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As a broker founded in 2014 and regulated by five different jurisdictions, including the Financial Conduct Authority in the U.K., we know that LimeFx is doing something right. That’s why there are over 160,000 clients trading with the broker. Forex calculators help traders to better structure their positions by estimating how much a potential trade will cost, what its profit and loss potentials are, and more.

LimeFx performed remarkably in all major categories as one of the global industry leaders. It is a trustworthy broker that offers a wide selection of CFDs, futures contracts, and options. LimeFx’s assortment of research and education materials is quite extensive and diverse, and it also incorporates multiple third-party tools. In addition, the broker offers several account types, catering to the needs of different types of traders.

LimeFx Pros and Cons

Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only. Our mission is to provide consistent liquidity and help market participants throughout the world obtain the best prices in the various assets classes we cover, regardless of changing market conditions. Forex — the foreign exchange market is the biggest and the most liquid financial market in the world.

The staff at this broker are knowledgeable and helpful, which made navigating the world of foreign exchange trading much easier. Furthermore, their fees and commissions are very competitive, ensuring that I received the best value for my money. Overall, I am truly satisfied with the services from LimeFx, and would definitely recommend them to anyone looking to get into Forex trading.

While LimeFx maintains a clean regulatory track record in five jurisdictions, LimeFx operates branches in Cyprus, regulated by CySEC, and in St. Vincent and the Grenadines. LimeFx recently expanded its asset selection to include equity CFDs. It now covers most sectors but with insufficient trading instruments.

LimeFx also offer a VIP account which requires a minimum opening balance of $50,000. Please come back often as broker services are very dynamic and can improve or deteriorate rapidly. New clients of LimeFx can get a $30 live bonus, unless their country is excluded from this promotion. Automated trading by Expert Advisors is highly accurate and almost always successful in raking in considerable gains for the traders.

Is LimeFx a safe broker?

One detail which offers an example of high-grade client protection, and which could be overlooked, is that Negative Balance Protection applies on ECN trading. NBP protection means traders can’t lose more than their initial stake and most brokers don’t offer it on ECN trades because they are executed in the heart of the market. LimeFx rewards the active traders of the platform with generous cash prizes. The top successful trader of the company receives a reward worth $1000 for his skill and performance. To decide the name of the winner, the management team not only considers the profits accrued by the trader but also takes into account his high risk and financial management skills when accounts lose money.

There is a tonne of informational content and market summaries included that aid in trading decisions. Global Brands Magazine is a leading brands magazine providing opinions and news related to various brands across the world. A fully autonomous branding magazine, Global Brands Magazine represents an astute source of information from across industries. The magazine provides the reader with up- to date news, reviews, opinions and polls on leading brands across the globe.

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The typical spreads for ECN accounts on the EUR/USD pairs seems to be 0.2 pips which is toward the lower end of the range when compared to other brokers. Both the Pro and VIP accounts are ECN accounts and offer lower spreads but charge commission. The low commission on the VIP account is especially attractive, but a $50,000 deposit is https://limefx.name/ required. The higher commission on the Pro account is about average for similar accounts, though spreads can add an unknown factor. LimeFx offers clients a choice of two platforms, MetaTrader 4 and Web Trader, which is a browser-based version of the same platform. LimeFx doesn’t seem to have any proprietary platforms on offer.

The chart is probably the most important component of every platform. It affords traders an outlook into price action behavior, which is crucial for making informed trading decisions. No matter how experienced a trader you are, ‘market risk’ is unavoidable. The important thing is that traders exploit those things that they can control, and broker selection is high up on that list. Step into the world of online trading with a generous welcome bonus of $30.

However, the two types of accounts that are preferred by the traders include VIP and Pro Accounts. The Classic Account types are available for free demo account trading, but its financial constraints are not favorable for the traders. Myfxbook of LimeFx possesses the innovative AutoTrade feature that allows social copy trading in financial markets. The facility of social copy trading is not available at the headquarters of the company in the UK. LimeFx also offers the MQL5 Signals system to notify the traders about making moves in the asset markets at the right time through the MT 4 platform.

The tool of Pelican Trading is driven by a team of experienced traders who seek to revamp the way of social trading and optimize its strategies by enhancing direct access to the exchange hubs of the world. The forex calculator helps in streamlining the forex trading process for the traders. The forex traders use the calculator to estimate the required pip price, margin, short and long swap for every forex trading position. The time has finally come to start trading and make LimeFxs in a variety of assets.

It now has more than 350,000 registered accounts and depending on their location these clients can take advantage of promotional offer and bonus sign up deals. The minimum deposit to open a trading account with LimeFx is $100. Already 15 days, i have not seen any withdrawal funds on my card, and no response from your support team. I don’t want to say you limefx are scammer, but you really disappoint me. please check ASAP . As per our data, your case was resolved and our team responded to you on timely manner. They do these things knowing that the retail trader who doesn’t have the muscles will find it difficult to resort to legal action due to the complexities involved and that they are in a different country.

Traders Reviews

The AI-driven Acuity Trading tool of the MetaTrader platforms provides the traders with a comprehensive collection of millions of news blogs and data sets to unlock new trading opportunities. The research terminal of the tool offers a precise overview of market sentiments encompassing a wide range of instruments. According to the data obtained from the official website of LimeFx, the Pro Account at LimeFx offers the users a spread of 0.13 pips for the currency pairs of EUR/USD. The overall trading costs stand at 0.53 pips when the RT commission of 0.4 pips is factored into the estimation. It is to be noted that the online brokerage platform records the spread statistics under regular market conditions when the spreads are relatively narrow. Traders at LimeFx get the core MT4/MT5 trading platforms, which receive the Advanced Trader Toolkit upgrade consisting of 13 plugins.

It does have some essential attributes, such as one-click trading and fast order execution, but it lacks the sleek design of newer platforms. The broker does not have a maintenance fee for inactive accounts. The broker’s Pro account has a fixed commission of 2 currency units per side per lot. If your account’s base currency is, for instance, USD, you will be charged $2 for opening a trade worth 100,000 units of the underlying. You will also be charged $2 for closing the same position later. In other words, there is a 4 currency units round turn commission per traded lot on a Pro account type.

• You can set your balance of virtual funds and leverage terms at a level that suits you.
• Additionally, LimeFx UK Ltd offers futures and options trading solutions to those wanting to exploit complex trading opportunities.
• Traders wanting to avoid paying such charges can opt for the broker’s Islamic Accounts.
• These factors, calculated into our score, will help you understand if your money is safe.
• Once accounts have been approved then payments to LimeFx can be made using bank transfer, credit cards and debit cards.

The regulated entities of LimeFx Group hold the client funds in segregated bank accounts with top international banks. LimeFx has published over 700 educational webinars on its YouTube channel, representing the theoretical aspect of its educational content. The broker also periodically organizes seminars in different cities and countries, allowing attendees to get a sense of the general trading experience in practice. LimeFx thus strikes a fine balance between theory and practice. This balance is further enhanced by LimeFx’s 5 highly informative ebooks. LimeFx’s articles are dedicated to examining more abstract and intricate trading topics.

It is also worth pointing out that clients of LimeFx who have Futures accounts can place orders through TradingView, affording them greater flexibility. LimeFx also has a TradingView account, where limefx forex brokers reviews it publishes highly informative trading ideas on one of the world’s largest social trading networks. In our reviews, we examine the licenses and regulations of each entity operated by a broker.

Traders are advised to verify their bank accounts before depositing money for trading and LimeFx. LimeFx adheres with the Zero Fees Policy for transactions per the LimeFx review. This policy eliminates the need to make the minimum deposit fees for making deposit and withdrawal of money. For making international transactions of money, the trader may be charged fees by the bank.