LimeFx opened for business in Cyprus in 2010 and has now expanded into more than 180 countries. In addition to EU regulation through the Cyprus Securities and Exchange Commission (CySEC), they are licensed as a registered investment firm in the United Kingdom, Australia, and South Africa. LimeFx has closed down operations in China, Russia, and Nigeria in recent years, focusing client development in more traditional venues. They have failed my withdrawal request via both bank transfer and card transfer. I’m not sure if they are scammers or just some backyard operators.
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Traders have the opportunity to access a wide range of trading instruments, educational resources, and dedicated customer support, all while staying true to their religious beliefs. LimeFx’s demo account is compatible with all account types and can be accessed on both MetaTrader 4 and WebTrader platforms. It is designed to help traders prepare for success in the live market.
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You can access basic information such as charts, indicators or prices in just a few clicks. MetaTrader 4 has established itself as the industry leading platform with everything a trader needs to view real-time currency prices, place orders and manage positions limefx company reviews and get technical and fundamental analysis. Discover the Virtual Private Server’s (VPS)—a virtual machine in which a website runs on its own server—and its advantages, and benefit from enhanced connection speed and security available for our clients.
LimeFx Trading Platforms
LimeFx, a forex and CFD broker, serves over 1.5 million clients worldwide, providing access to more than 500 tradable instruments from various asset classes. Broker research materials have been neglected, generating the biggest black mark in our review. The free LimeFx Research app allows clients to look at stock market data, financial viewpoints, and videos in an easy-to-use format. However, stale and outdated information undermines the app’s enormous potential, with the most recent entries going back several years in some cases.
The platform also supports one-click trading, which allows traders to execute orders fairly quickly. Brokers operate multiple entities because it allows them to serve clients worldwide. However, licenses obtained by regulators in different jurisdictions do not always entail the same degree of protection.
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I measured the spreads, swaps, and commissions on its No Commission account and compared the offering to the other 6 account types. I also compared LimeFx’s trading and non-trading fees to other brokers and found out that, as a whole, they fall below the industry average. The broker does not charge deposits and withdrawals, and it does not have an inactivity fee.
Wow, so many trading accounts, I’ve never seen such a quantity of them. What is more important all of them are kinda different, isn’t it? In fact the broker certainly bets on convenience as not all similar companies care about traders this way. There’s an entire generation of young people who are know of legal age to dive into the world of finance all around the Europe and the world.And the simplistic brokers are just not good enough for them. They are very well educated and don’t want to be only able to trade forex products.
We’re committed to addressing your concerns and improving our services.LimeFx 🚀🦾Solid Trading. There is a wide range of stock, commodities and futures available for trading. 📊 LimeFx is on the right track, and your input is valuable. Here’s to even more improvements in the future and continued success in your trading journey!
- Each account type supports swap-free trading via LimeFx’s Islamic accounts.
- LimeFx recognizes the importance of practice in becoming a skilled trader.
- Beginners will find value in its variety of account types and in-depth educational content, while professionals can leverage its fast execution speeds and a broad array of trading instruments.
I mostly trade gold, and the spreads on the Standard Live floating spreads account type are just fine. I’m satisfied and what I like even more is that I have never experienced any issues withdrawing from my account. Everybody knows that traders never stop learning and developing their knowledge and skills. I should admit, it was the right decision for me and the user interface of the mobile platform is many times better than MT4 and it has more advanced features for efficient trading. LimeFx, founded in 2010, offers a range of forex and CFD trading options.
However, it’s crucial to note that this account uses a commission-based pricing mechanism, with charges starting at $13.5 per lot. This account tier is designed for more experienced traders who want to take advantage of additional privileges and services. Based on our observations, traders are particularly drawn to this program because of the potential for market rebates. IBs frequently offer their clients a share of their earnings, motivating traders to opt for an IB instead of directly signing up with the brokerage.
When we test a broker’s customer support team, we evaluate the agents’ knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. There is also a dedicated FAQ section on the website for more general queries, such as how to set up a trading account. The agents are generally knowledgeable though they seem to struggle when communicating more complex information in English. What I thought very useful is that some of the available instruments are denominated in different currencies. For instance, you can trade XAUUSD (Gold vs. US Dollar) or XAUEUR (Gold vs. Euro). Traders can avoid paying conversion fees when trading with instruments denominated in their account currency.
Before opening trading account with this company, I carefully studied all conditions. I always pay attention to the reliability of brokerage companies because there are thousands of brokers and many of them do not deserve to provide the services to customers. I took the advice to choose one instrument to trade until I mastered it. My instrument of choice is the GBP/JPY because of its volatility.
This account type is designed to adhere to Sharia law, excluding elements such as swaps and rollover interest per religious guidelines. The LimeFx VIP Account is the pinnacle of exclusivity for traders https://limefx.group/ looking for the best trading conditions. The leverage and minimum deposit requirements are identical to the Standard Account’s, assuring accessibility while providing an enhanced trading experience.
LimeFx hosts webinars on a variety of topics, including technical analysis, risk management, and trading tactics, with industry experts. Because of our experience with online trading, we urge traders to remember that these can change due to market volatility, so it’s crucial to stay informed to avoid any unexpected situations. Other accounts have fixed/floating spreads that range from 1.2 to 1.7 pips, depending on the instrument and the account.
