Forex Trading

LimeFX Review Forex Brokers Reviews & Ratings

The broker offers the standard contact forms for traders who need help or guidelines regarding their account, funding, the market, etc. You can reach the LimeFX support team via e-mail, phone line, live chat, and even fax. The customer support is at your disposal 24 hours a day, 5 days a week. If you should have any questions or concerns, just turn to the support team which will kindly help you. The Islamic account of the brokers is the same as the overnight interest-free accounts and is the favorite of many traders. In these types of accounts, traders are exempted from swap payments.

LimeFX forex brokers reviews

They also offer mini gas and mini oil, which I have not seen from any of the competitors. They have a convenient multifunctional website, a convenient application, and there are also many services https://limefx.biz/ and PAMMs. For registration and verification, everything is fast and without trouble. According to the methods of input and output, their commission and deadlines are decent for every taste.

Trading Instruments and Products

Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website. MetaTrader 4 is one of the most popular trading platforms worldwide. The website offers relevant information for all skill levels of traders including calendar events, analytics – links to information on world trading, newsfeed, and forex quotes. These assets provide expertise that allows you to make informed decisions on your trading.

LimeFX forex brokers reviews

Please be informed that your withdrawal request has been cancelled. In order to withdraw your funds, we kindly ask you to create a new withdrawal request. LimeFX is the LP of it self – for this reason it has cancelled my profits from ctrader .. And for this reason it can have Ctrader only with BVI and not with Cysec.

They have a really slow customer…

We use dedicated people and clever technology to safeguard our platform. Claim your profile to access Trustpilot’s free business tools and connect with customers. Comparebrokers.co needs to review the security of your connection before proceeding. LimeFX offers following assets to be traded on MetaTrader 4, 5 and cTrader. I have lost more than $ in Fibogroup forex Broker in 28 feb 2020, because they reduced my leverage from 1.100 to 1.50 in MT4 platform & 1.100 to 1.33 in cTrader platform at the end of the week.

There is everything for comprehensive technical, fundamental and price action analysis of the markets. Not to mention, you can download an almost endless number of add-ons for the platforms and even programme your own. That being said, it is good to see that the broker has included some additional tools to help enhance the overall trading experience so that you can get the most out of your trades.

LimeFX offers traders a chance to choose between three popular and reliable platforms. Traders have access through the cTrader trading platform’s No Dealing Desk , allowing direct trading with international banking institutions. Forex brokers make money by charging traders commissions per trade or spreads. Commissions are the fees the trader pay the broker for handling the transaction and is mostly dependent on the instrument and account type. Trading conditions are average compared to other brokers across both accounts, but LimeFX’s non-trading fees are high, including fees for deposits, withdrawals, and inactivity fees. LimeFX offers its clients a variety of trading accounts for their different trading strategies.

Disadvantages of trading with LimeFX

Overall, LimeFX offers fewer trading account currencies than most other large international brokers, but offers accounts denominated in GBP. The final trading cost to consider at LimeFX is the swap rate charged on positions held overnight. In the case of Forex instruments, the amount charged depends on both the positions taken (i.e. long or short) and the rate differentials between the two currencies traded.

  • Reprint of the materials is available only with the permission of the editorial staff.
  • At the same time, the whole user interface of mobile application seems pretty convoluted and chaotic.
  • LimeFX Ltd is regulated by the Financial Services Commission of the British Virgin Islands .
  • We tried the call-back service, but to date have not received a call back.
  • With a reputation of being transparent and up to date on regulations, LimeFX should definitely be on your radar if you are in the foreign exchange industry.

Our team has written 100+ broker reviews and we constantly test to maintain accuracy. In addition, AutoTrade or a social trade platform myfxbook as a reliable way to copy deals from the successful traders to your account is generously available at FIBO platform too. This platform is a great feature for beginning traders, as well as professionals who would like to earn followers.

Is FiboGroup a fair Forex Broker?

Each of the valid forex brokers is under the supervision of one of these regulations. LimeFX was a prominent player on the Russian financial market. In 2005, it was one of the first Forex brokers in Russia along with Kalita Finance and Forex Club.

  • The regulating bodies ensure safe trading conditions such as segregated customer funds and the best trading practices.
  • LimeFX has among the most advanced trading platforms that enhance the trading experience.
  • It is actually, a fantastic option, as allows you to choose the best option according to the trading strategy you deploy and see what is best for you.
  • In this way, you can choose the best forex broker for trading in the forex market.

The most useful parts of this page are the links out to LimeFX’s YouTube channel where traders will find a selection of helpful videos in a structured course format. Overall, LimeFX would do well to add some more tools to its trading arsenal to help clients make better trading decisions. As a well-regulated broker, LimeFX ensures that all Anti-Money Laundering rules and regulations are followed. Overall, LimeFX’s account-opening process is fully digital and hassle-free and accounts are ready for trading immediately. LimeFX’s registration form requires traders to fill in their personal details, including physical address, date of birth, and ID number. The account-opening and verification process at LimeFX is seamless, fully digital and accounts are ready for trading immediately.

Traders have to pay a fee for following a particular signal provider in addition to a subscription fee for using the service. Overall, these non-trading fees are some of the highest in the industry. Overall, LimeFX’s trading costs are around the industry average. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in the use of our website.

You know that the cost of swap becomes a high cost in the long run, and traders who intend to do long-term transactions should choose brokers with Islamic accounts. Deposit Methods Forex Deposit Methods Discover which deposit methods smart forex traders use to make deposits and withdrawals in their accounts. Up-to-date market analysis is provided on current market conditions and events which are dominant fundamental and sentimental factors. The website includes a section on Long-Term Forecasts, which at the time of this review was empty. A competent calendar of events likely to influence markets is included for easy time-based reference. A free charting tool with live instrument prices is also placed within the Analytics section.

Some of the most overlooked trading costs are the non-trading fees that are charged by brokers. These fees can significantly affect your profitability and so should be carefully scrutinised. Also, you should always consider an overnight fee or rollover as a trading cost.

Agents are typically available to resolve queries within a minute. The professionalism and service excellence provided by customer support representatives is impressive. Therefore, if we want to determine the best forex broker in terms of Islamic account, LimeFX, LiteForex, and USGFX are the best brokers, respectively.

Regulation

Be careful price deviations are happening, and automated trading are opening fake positions. LimeFX Ltd is regulated by the Financial Services Commission of the British Virgin Islands . LimeFX Holdings Ltd is authorized and regulated by the Cyprus Security and Exchange Commission . The CySEC regulated office operates in accordance with the Markets in Financial instruments Directive of the European Union. As a result, Amarkts broker is the best in terms of Persian support. Therefore, it is recommended to consider the issue of strong support when choosing a broker.

Traders can use the company’s analytical page for searching trends, market analysis and interest rates to stay informed with market-related events and news. Forecasts and the company’s economic calendar are also very useful when researching the markets. Commodity markets consists of the economic sector of products such as oil and gas, metals as well as agricultural products.

About the work of the terminal – the spreads are small, the execution is almost perfect, I did not notice requotes. The broker offers web and mobile trading via the MT4 trading platform. We do not understand why the broker relies on conventional technology when many brokers and financial service providers have already moved to the MT5 trading platform. The trading desk is available via Internet or telephone all hours of the day Monday till Saturday . All trading software is free, and they have multiple trading platforms that offer real live trading.

To bring transparency to the forefront, we have publishedour review process that includes a detailed breakdown of the LimeFX’s offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker, and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

Therefore, it could make the switch to another broker down the line more convenient. Financial Intermarket Brokerage Online Group is a global forex and CFD broker that offers competitive trading conditions and a range of online trading services. Founded limefx reviews way back in 1998, LimeFX has its headquarters in Cyprus with offices in Europe, Central and East Asia. This Global presence allows the broker to be side by side with clients and offer high-quality support with the help of a multinational team.

As far as we are aware, the LimeFX has never offered bonuses or promotions, which we find refreshing as we feel this is often the mark of a more serious broker. We have conducted an extensive fundamental and technical analysis to identify the best technology companies in Kenya. We have conducted extensive fundamental and technical analysis to identify the best value stocks in Kenya. It is important for potential traders to do thorough research before deciding on which broker to trade with. Cryptocurrencies are digital assets used by means of exchanging digital token coins such as Bitcoin. This type of trading usually involves price movement speculation via CFDs.

This is the closest approach LimeFX takes to having education for its clients. The news feed keeps you aware of the latest activities of LimeFX. And the forex/CFD quotes are easily accessible and continuously updated. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings.

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