LimeFx Review Fair and Proper Review of the Forex broker

LimeFx forex broker
LimeFx forex broker

By the way, LimeFx has an excellent mobile application. So everybody who is just recently interested in Forex – come here. LimeFx is a professional in this business, it can be seen by the reviews. I try not to stick with bonuses because they restrict my freedom.

LimeFx forex broker

The Mobile version of the platform for my smartphone today is suitable also. Demo account is deposited automatically within 7 days after registration limefx of main account. Having regulation was definitely one of the criteria on which I made my choice, it’s important – it means I have certain guarantees.

What are X-Trade Brokers Contests?

You can control your Equity by depositing or withdrawing funds and you are able to control your Total Position value by opening or closing positions. You can view your Equity and other important information under the My Account Bar on the left side of the Main Page. Potential traders need to be assured that the broker company they chose can offer the necessary support and help whenever they may need it. As with currency exchange markets, commodity markets offer trading in contract-based tradable goods.

These partners do not control the content on the page beyond providing us with datapoints to ensure that the information in our database is accurate. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to our users. Our proprietary rating algorithm takes all of the datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones for their needs. The process to start trading with LimeFx is super simple. It will require you to fill in details pertaining to the credibility and security of your account.

At the time of writing this LimeFx review, and despite LimeFx’s impressive offering, the company has surprisingly not garnered any awards to date. All of the information about the brokers you see reviewed on come from our partners, some of whom we have an affiliate relationship with. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to their users.

XTB Under Fire from Client Allegations, Broker Pushes Back Against Claims – Finance Magnates

XTB Under Fire from Client Allegations, Broker Pushes Back Against Claims.

Posted: Fri, 06 Apr 2018 07:00:00 GMT [source]

In a situation like this, LimeFx offers the ability to reset a customers account balance to zero. The reason that LimeFx asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, LimeFx has to be careful that they don’t breach any money laundering laws and part of that is know as KYC . This means that at all times, LimeFx must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.

LimeFx Support

Most brokers do not charge an excessive amount of money for this operation. For additional trading platforms, the inactivity fee is contingent upon the type of account you have chosen. The inactivity fee is subjected to a lot of circumstances and should be revealed clearly by the broker beforehand. Generally, LimeFx doesn’t charge high fees in comparison to other online brokers. For operations other brokers fee for, they do not charge a broker fee, or they charge a smaller sum.

LimeFx forex broker

My friend once have advised me this company to consider it for trading. I opened here a demo account and was really engaged into trading here. I liked the simplicity of interface here and the whole platform seems to me quite clear. There is nothing that would be unclear to me, deposit/withdraw buttons, information about bonuses and XPoints.

There is no ECN or Direct Market access option; therefore, LimeFx has some amount of conflict of interest with its clients. Processing CFDs requires an entirely different back office and software protocols. To accommodate its needs in the most effective manner, the management team at LimeFx chose to develop its own proprietary trading platform. It has the look and feel of other online systems, is user-friendly, and allows one-touch access to open positions, asset choices, history, and trading tools. No complex downloads are necessary, and mobile applications complete the platform possibilities.

In terms of the LimeFx leverage offering, as there are two main regulatory obligations the clients of different jurisdictions will fall under specific levels of leverage. Leverage is a quite unique opportunity to magnify trading potential using the tool of leverage. However, every trader should remember that leverage can work both for you as well as against you, so you should be cautious when using it and learn more about how to use tool smartly.

User Reviews

However, the trader will have a better price offering from the LimeFx broker as long as the account size or type increases. Thus, the spread of the common EUR/USD pair is fixed to 5 pips in Standard Account, 3 pips in Premium and Platinum, and 2 pips in the VIP account. We’re constantly improving our trading platform, trying to make it the best on the market. Our clients make tens of thousands of trades daily on xStation. LimeFx is a little different to the usual run of Forex brokers we get to write reviews on, in that it has chosen to focus much of its attention on CFD trading. LimeFx is owned by XFR Financial Ltd, which has its main office in Limassol, Cyprus.

  • LimeFx is a brokerage tool offering online Forex trading services to clients all over the world.
  • Also the company provides significant bonuses for new clients, the amount of which can be up to $6,000.
  • An economic calendar is a useful resource that allows Forex traders to remain up to date on relevant economic information that is scheduled to be released, which may impact the currency markets.
  • This is highly disadvantageous to consumers on those platforms.
  • This LimeFx review page contains information about investing with LimeFx.

Understand the trading resources available with LimeFx, freetrade & LimeFx below. LimeFx has a wide variety of over instruments available for you to trade with. If you feel that LimeFx is not right for you then at the bottom of this LimeFx review you will find a lot of alternatives to LimeFx. These advantages are what sets LimeFx apart from all other online agents.

Is X-Trade Brokers regulated in Tier-2 Jurisdiction?

A copy of the trader’s ID and one proof of residency document usually satisfies this final step. A search for “best forex brokerage services” or simply “best forex brokers” will bring tons of results for you. It carries it’s risks, but most brokerage services offer a variety of educational materials, including articles and videos, that you can apply to teach yourself. I can’t say that all of the broker’s trading conditions satisfy me. For example I don’t really like high spreads.However I am still trading here because of the variety and number of tradable assets.

To redeem it you have to accumulate 300 Points within 30 days. It’s so good when your expectations are absolutely met. It’s good to trade nearly everything and it’s the first broker I started to trade bonds with.

Many less reputable brokers try to pressurise users into bigger financing for premium services. LimeFx, on the other hand, is more concentrated on trading volume. Dealers can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the user, the greater benefits will become available. LimeFx has over trading tools to support all kinds of traders.

LimeFx Forex Broker Review

Glossary eBook – Increase your Forex knowledge with important trading and market terminology. Trading Strategies – a course about new strategies and new ways to maximize profit. Each strategy discusses how to identify, time frames, recommended pairs, used indicators when to enter when to exit, and examples. Forex V.O.D. – a Video on Demand Library with high-quality videos is a very good introduction to Forex trading. X-Trade Brokers International Ltd also complies with the International Financial Services Commission’s regulations for worldwide trading.

Overall LimeFx spreads are considered to be a low spread offering among the market, for instance, check out and compare LimeFx to FP Markets fees. There is a $20 no deposit bonus available to all new customers to let them have a taste of the real thing before committing any of their hard-earned money. This lets you test the waters and is especially useful for those completely new to Forex trading.

Secondly, I appreciate the broker’s trading platform, Webtrader. Video tutorials for new traders are also fascinating, you can choose either beginner course, terms ebooks or maybe various trading tools. Advanced technical analysis ebook was the thing I added to wishlist. I really want to get acquainted with TA in advanced level. Once was lucky to trade with this company and can state that this broker deserves to be noticed by trading community.

FX trading can yield high profits but is also a very risky endeavor. So when comparing order execution speeds, of course, I didn’t measure to milliseconds, but I can say that I definitely didn’t notice any difference in execution speed. I can even say that webtrader platform is faster on many points, for example when trading on the news, orders open very fast and slippage does not seem to be a problem. Finally, I think that a broker has to deliver fresh analysis and actual market updates for its clients.