LimeFX Review 2024: Read Before You Trade
LimeFX does not charge any account maintenance fees or inactivity fees. In our trust category, we place the most importance on how a broker is regulated. This section will cover how the different entities of LimeFX are regulated and how this impacts you as a trader. limefx forex broker We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust. No, LimeFX does not currently offer webinars or live trading sessions.
- Terms and conditions apply, and I recommend traders read and understand them before requesting any bonus or promotion.
- Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange.
- This enhanced platform has faster execution times, more order types, and a wider range of technical analysis capabilities.
- ✅Make a wire transfer from your bank account to the supplied LimeFX bank information, and include your unique LimeFX account number in the reference.
- ✅If applicable, LimeFX will produce a unique wallet address and a QR code for your deposit.
LimeFX started operations in 2007, establishing itself as a dependable supplier of financial trading services. Since its start, the organization has enjoyed extraordinary development and established a worldwide presence. Terms and conditions apply, and I recommend traders read and understand them before requesting any bonus or promotion. MT4 remains the industry leader with 25,000+ custom indicators, plugins, and EAs, but the quality upgrades are not free. LimeFX also has the MT4 MultiTerminal for asset managers and traders with multiple accounts.
Does LimeFX operate a bank?
LimeFX provides free trading signals from third-party Autochartist. Autochartist automatically identifies chart patterns and key price levels, using this information to predict the most likely direction of the trend. MetaTrader is also popular due to its copy trading and automated trading features.
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LimeFX LTD is registered in Saint Vincent and the Grenadines with registration number BC 2015 and the relevant registry operated by the Financial Services Authority (FSA). The interests of LimeFX’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim. 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.
LimeFX has four account types, one being a dedicated cryptocurrency trading account. The three commission-based options feature relatively high trading fees, between 1.3 and 3.0 pips or $13.00 to $30.00 per 1.0 standard round lot for a minimum deposit of $100. The commission-based ECN alternative delivers competitive costs with raw spreads from 0.0 pips for a $5.00 commission and requires a $200 minimum deposit.
LimeFX Main Features
We performed tests with a Standard account using the MetaTrader 5 desktop/web platforms and the MetaTrader 5 mobile app. We opened accounts with the LimeFX LTD entity of LimeFX, supervised by the Mwali International Services Authority (MlSA). Traders can access a wide range of crypto pairs, and deposits and withdrawals are available in cryptocurrencies. LimeFX has focused on delivering fast order execution, with trades executed in as little as 0.03 seconds. Margin requirements differ according to account type, market circumstances, and the chosen level of leverage. For instance, a margin call at 50% indicates that an account’s equity cannot go below half the required margin limit, thus preventing over-extension where trades are involved.
If you suspect unauthorized activity, please get in touch with LimeFX customer service to help safeguard your account. LimeFX prioritizes security through its strong legal framework spanning worldwide countries. Operating under a single limefx scam brand, the company’s structure prioritizes operational dependability, corporate stability, and client money protection. Initially serving traders in the Commonwealth of Independent States (CIS), the broker quickly grew to include customers from Asia, Latin America, and others worldwide.
It also maintains a Telegram signal service and explains its trades well. I rate the well-structured LimeFX research section among the best in the industry in quality and quantity. I want to caution beginner traders when using demo trading as an educational tool, and they should consider the limitations.