Through this LimeFxFX review 2023 we’ll have a look at major points to be covered about the broker, Is LimeFxFX a scam or legit? We’ll also cover the account types, spreads, minimum deposit, and leverage offered by the broker. ???? LimeFxFX is classified as a reliable broker that has a low minimum deposit, commission-free trading, and an unlimited demo account.

Because LimeFxFX offers low spreads, which are floating starting from 0.0 pips. Right from the start of the process, LimeFx FX is keen to support traders by offering access to the 24/7 customer support team who are on hand around the clock to help with any queries. LimeFx FX has built a strong reputation in the trading community for providing a user-friendly and fast-moving trading platform which helps traders execute trades with cost-effective pricing. Unsurprisingly, the process of setting up a new LimeFx FX account is also streamlined and easy to navigate. All you have to do is choose your kind of trading account, select your platform, make a minimum deposit from $ and start trading.

Opening an account in LimeFxFX would open the opportunity to collect trading lots, which can be accumulated into a variety of attractive prizes. Traders only need to open a real account on MetaTrader4 or MetaTrader5 through LimeFxFX and simply exchange the prize lot in this promotion. Prizes that can be obtained by traders include T-shirts, Android Smartwatches, smartphones, and laptops. In a show of good faith, LimeFxFX segregates all funds from the company’s operating capital and offers negative balance protection to all its clients. No regulatory oversight also means that LimeFxFX can offer higher leverage and bonuses to traders, which may be attractive to some. The next stage of onboarding involves following a clearly laid out series of questions.

• Because traders are not risking real money, there is no need to worry.
• LimeFxFX extends three types of trading accounts to suit diverse user needs – the Micro (MT4), Pro (MT5), and the ECN (cTrader) account.
• Referred 60+ customers may earn up to $12 for each lot exchanged for partners.
• ➡️ Traders must note that there are withdrawal limits and that withdrawals are processed between one to three hours, but that it can take longer for the funds to reach the trader’s account.
• Following this, you are ready to trade forex and many other markets.
• It covers third-party deposit and withdrawal fees (such as Skrill, Neteller, and others).

The
actual commission charge is based on a mixture of standard prices and markup
spreads. The table below
provides a general idea of the spreads typically seen across LimeFxFX’s
platforms. This account type is meant for traders who wish to
have the maximum leveraging options with the least monetary investment. The
minimum deposit required to start this type of account is $50. They offer an impressive range of educational options which can assist both new and experienced traders. Each of these account types functions primarily with a different trading platform.

Forex Fraud Certified Brokers

These are all available on Android and iOS and provide more than sufficient function for trading on the move. All the mobile trading platforms offered are easily navigable and provide access to economic calendars, market news, and in-depth professional indicators to be applied to the charts. LimeFxFX offers a range of products across several markets in the industry. This varies slightly depending upon the account type, but includes trading opportunities on 28 forex currency pairs, 4 metals, 2 energies, 10 indices, and 3 cryptocurrency CFDs. LimeFxFX offers a free demo account to new forex beginners to practice trading in forex with no limits.

With the best forex broker in Pakistan, India, Malaysia and Nigeria in 2022, the broker is making sure the investors are aware of all their awarded awards in the forex and trade markets. The minimum deposit at LimeFxFX is $5 with local bank transfer in Nigeria. The minimum deposit amount is different for each accepted method at LimeFxFX.

• The MT4 demo account expires after 8 days of inactivity, while the MT5 demo account will expire after 30 days of inactivity.
• This is the vital element of any trading broker, and one where LimeFxFX may struggle to a certain degree.
• Scalping in the forex market involves trading currencies based on a set of real-time analysis.
• If traders are still confused about calculating profits, the LimeFxFX platform provides a trading calculator for each account type.
• Local bank transfers is the best method to deposit and withdraw at LimeFxFX in Nigeria.

Write your account number, password, and choose “LimeFxFX-Real” for real accounts or “LimeFxFX-Demo” for demo accounts. Yes, LimeFxFX offers swap-free account options, but only for certain types of account. LimeFxFX supports a variety of strategies, such as Expert Advisor strategies (EAs). In addition to this compatibility, copy trading is offered to users with any LimeFxFX account type.

Customer Service

The account types offered are a Micro Account, which utilizes MT4, a Pro Account, which uses MT5, and an ECN Account which avails of the cTrader platform. LimeFxFX offers the most used and well-known trading platforms from Metaquoets yet they seem to be not enough in comparison with other brokers who provide the same platforms and more. With all the updated and new technologies in the market, it seems like LimeFx FX is falling behind with its updates. For me, support and assistance anytime anywhere is one of the most important factors for me to choose the forex broker I’ll be trading with. And so I realized that the case must be the same for my readers too, and so this section via this LimeFxFX review is to discuss the level of customer service and support offered by LimeFxFX.

LimeFxFX Review – 17 key points quick overview:

CFDs allow you to trade cryptocurrency, but you can’t trade the underlying asset directly (like buying Bitcoin). Note that crypto CFDs aren’t available to retail traders from any broker’s UK residents, nor to UK entities. ➡️ Traders must note that there are withdrawal limits and that withdrawals are processed between one to three hours, but that it can take longer for the funds to reach the trader’s account. ➡️ Traders can choose the account that they want to fund and choose their preferred deposit method from the list provided. LimeFxFX handles customer queries through multiple channels including a live chat function, email, and phone support. Incorporated into the spread, offering cost-effective trading for CFDs.

Minimum Deposit

This account is meant for those with a good
understanding of Forex and a willingness to invest for larger profits. This
account offers the lowest spreads which allow for the maximum length of trade
options. LimeFxFX features a variable minimum deposit depending upon the account type which is open. The minimum deposit is either $100 for a Micro or ECN Account, or $500 for opening of a Pro Account. Through this updated LimeFxfx review 2023, I explained the deposit and withdrawal options don’t seem to be sufficient considering the wide variety of options available with other brokers.

Is LimeFxFX a safe broker?

One is to place a hedge by taking the opposite position in the same currency pair, and the second approach is to buy forex options. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. ForexBrokers.com has been reviewing online forex scammed by limefx brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. 74-89% of retail investor accounts lose money when trading CFDs with this provider. LimeFxFX has a truly impressive array of features and
options to offer to traders.

A ranking system is also in place, evaluating the trading history of the Master Trader with LimeFxFX. In-depth details on the trading strategy and performance of each Master Trader are equally available. The financial regulator in Saint Vincent and the Grenadines, the Financial Services Authority (FSC), does not regulate Forex and cryptocurrency brokers, as outlined on their official website. Gold https://limefx.club/ price resumed its rally amid escalating Middle East tensions, reaching a fresh two-month high of $1,962.62 a troy ounce. XAU/USD holds on to intraday gains, trading at around $1,949 mid-American session as the US Dollar got some attention on the back of plummeting stock markets. EUR/USD lost ground on Wednesday, driven by a resilient US Dollar supported by higher yields and market concerns.

The topics range is quite wide and covers everything a new trader might need to learn and all technical topics a professional trader would use to apply a new strategy. Let me tell you through this LimeFx fx review that the broker was authorized and regulated by the UK’s Financial Conduct Authority (FCA) until recently. That is, FCA requires some strict rules that agents must adhere to in order to obtain the license. For instance, the brokers must hold at least £730,000 in tangible assets to prove their financial stability. In addition, they have to keep client funds must be held in segregated accounts separate from the company’s operational funds.

Once your LimeFxFX account is up, you’re able to start trading on the platform. The broker also creates video content, likeits weekly Market in a Minute video on YouTube, as well as various archived educational materials and webinars. An adjustable risk management tool known as the drawdown percentage (DDP) is also available. The DDP will close the copiers’ position if the Master Trader loses money. Copiers have the ability to manually close open positions, allowing them to be in control over their own portfolios.