LimeFx broker reviews: Read Reviews on Before You Buy

LimeFx broker reviews
LimeFx broker reviews

This trading system allows one to invest with an established trader and obtain earnings based on their documented results. This multi-regulation ensures that customer assets are protected and obliges the brokerage to comply with risk management, training, accounting, and audit requirements. Overall, they ensure that LimeFx upholds the highest possible standards in relation to its customers and limefx broker reviews services. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. LimeFx does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment. LimeFx is fully regulated by Vanuatu Financial ServicesCommissions and all client funds are kept in segregated accounts.

LimeFx broker reviews

Overall, LimeFx can be summarised as a trustworthy and regulated broker that offers 250+ instruments across several asset classes. Their spread is also very low with multiple account types offered to suit a range of requirements. LimeFx offers traders access to popular tradable instruments in the financial markets, including forex, stock CFDs, index CFDs, cryptocurrencies, stocks, etc. The account holder is responsible for the trades placed in his/her own trading account, which is listed in our Terms and Conditions which you agreed to. However, we cannot find you in our system, please contact our Support Department and provide your email address or account number, so we can assist you. LimeFx is an established and trusted broker, while a trader may not be satisfied with the results of his/her own trading, that does not mean they were not treated fairly by the service provider.

Additional features

All of the account types include the trading academy, live support, daily signals, tips and updates, a private channel and access to commodity trading and a swap-free account. Support is available 24-hours, and clients can either send an email, call support, or engage with customer support via a live chat feature. The support staff is fluent in English, Arabic, and Russian. The broker values customers and is happy to answer all general, technical, and account-related questions that you may have.

What is the minimum deposit for LimeFx?

The minimum first deposit depends on your account type – the equivalent of $500 for a Silver Account, $5,000 for a Gold and $25,000 for a Platinum Account. Is there a deposit/withdrawal fee? Legacy FX does not charge any deposit or withdrawal fees.

The EAs can be tailored and bought from other originators or formed from scratch. Despite being a relative newcomer on the online forex broking scene, LimeFx has comparable services to many well-regarded brokers that have been around much longer. Beginning traders can take advantage of introductory educational resources through beginner to advanced trading courses. LimeFx broker requires a minimum deposit of $500, which is double the industry standard.

Leverage is a helpful tool that allows traders to open more significant positions by lowering the margin requirement or call that is needed at the start of each trade as collateral. Leverage can maximize the trader’s profit potential, but it can also expose traders to significant losses. A new page will reload, and traders can choose between a personal or corporate account. In terms of cryptocurrencies, LimeFx limefx offers the trade of crypto-to-fiat and crypto-to-crypto in terms of LTC/USD, BCH/USD, XRP/USD, BTC/USD, BTC/ETH, and ETH/USD. When you make the request to withdraw funds from your account, the account department at LimeFxusually processes and confirmed withdrawal within three business days. On long-term transactions, security against negative balances Client funds are distinct from LimeFx’s fund.

What is the content of LimeFx Forex Education?

It also offers additional tools to help you with your technical needs that let you choose between more than 21 charting timeframes and nine other techniques to structure charts. Almost every platform provides its users with a list of necessary benefits. Only the ones that come with additional features are better and LimeFx is one of them. Whether those features are related to your trading experience or peace of mind, you get a lot of additional features like swap-free accounts and protection against negative balances. When you start with LimeFx you will note that it offers you more than 200 instruments for trading.

The research analysis and trading tools will also work amazingly. Bringing convenience for users is the only way you can make users satisfied with your platform. Here things are set according to the best convenience of users from the start to the end. A trade starts from your bank account and ends in your bank account. So, here the transaction methods and options are kept as simple and easy as possible.

LimeFx Review and Information 2022

Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database. To further enhance trading conditions, traders can resort to the Platinum account, which drives spreads as low as 0.6 pips. Each of the account types brings a particular possibility for your trading strategy while allowing beginning traders, investors, or professionals to find their own way in trading.

I hope that you would be satisfied with the benefits that could be acquired from our service. No, LimeFx does not offer forex traders with a commission-free trade bonus. There are four types of costs with LimeFx, namely spreads, commissions, swap fees, and margin requirements. The processing time for deposits with LimeFx will depend on the payment method that traders use. Deposits can take one business day, or they can take up to a few business days to reflect. Forex Trading Platform and Financial Asset Management Institution LimeFx have five different account types that are offered.

LimeFx broker reviews

LimeFx requires proof of payment for deposits made via credit/debit card and allows third parties to make such deposits, which is a divergence from accepted AML stipulations. Traders must also sign a Transaction Authorization / Declaration of Deposit Form, countering the AML violation. Traders must also submit their Tax Payer Identification Number , which other offshore brokers do not require. Please be advised that some specific products and/or multiplier levels may not be accessible for traders from EEA countries due to strict legal restrictions. Mind you; EAs have nothing in common with auto-trading scams that used to be the rage a year or two ago.

The methods of payment vary according to the company you trade with. Covering Forex platforms, trading apps, broker reviews, and all regulated online trading sites. In terms of features, benefits, safety, and user experience, LimeFx brings the best value for you by all means. Moreover, it has some good ratings and reviews over different online platforms out of which some are also from its users.

Making a Deposit

Traders can instantly react to trading signals and alerts thanks to its remarkable platform. The broker seems to be very transparent in its dealings, and it circulates regular market discipline and its annual reports for traders to see. Traders with the Silver account have a minimum of 1.6pips, Gold customers are open to a minimum of 1.0 pips, and the 0.6pips is for platinum members. LimeFx customer support staff can be reached Monday through Friday from 8 a.m. You can reach several of the broker’s departments directly through email including compliance, complaints, dealing, affiliates and support.

How long does LimeFx withdrawal take?

Once a withdrawal / refund request is submitted, it can take up to three business days to process the request. Once the request has been approved, please allow an additional 5-7 days for the funds to appear in your account.

LimeFx is a reputable and popular forex broker in the industry which offers comprehensive and competitive trading conditions. LimeFx is well-known for the variety of account types that are shown, the powerful trading software supported, and its award-winning history. LimeFx traders will discover a range of instructional videos and tutorials on trading platforms and courses. They can download complete ebooks covering a variety of topics and expand their knowledge with webinars taught by experts in the field.

A segregated account is an account that is different from the broker’s core banking account and client funds will not be used by the broker for any reason. To open a standard account with Legacy requires a minimum deposit of $500. When you ask about their bad review, they will tell you… Its funny how they link themselves to such huge companies.

Mastering transparency in the forex market – World Finance

Mastering transparency in the forex market.

Posted: Tue, 05 Jul 2022 07:00:00 GMT [source]

Credit/Debit Cards and Bank Wire Transfers seem to be the preferred money transfer methods at LimeFx. The broker does accept a number of “alternative payment methods” too though. To learn more about these, traders have to contact LimeFx support. The minimum required deposit by this account type is $500, which isn’t exactly cheap, but which is more than reasonable for anyone serious about trading.

Investors can take advantage of the most up-to-date edition of the well-known trading platform, with a variety of modern features and benefits offered by LimeFx. Each type of account provide a specific opportunity to your trading strategy, while also permitting novice investors, traders or professionals to discover their own path to trade. Although LimeFx is not a platform as mature as some of its competitor platforms.

LimeFx offers seamless trading using the vast variety of base assets, and you can select from top Shares, Indices, Forex, Commodities and Cryptocurrencies and CFDs. You can even deposit and withdraw using Crypto making it a pretty advanced platform. LimeFx has been providing its amazing services since 2017 and here we will review how valuable of a platform it is for you. The platform-version which can be downloaded for free from the website of the broker, features more than 50 preinstalled technical indicators.

Is Legacy FX regulated?

LimeFx Compliance & Regulation

LimeFx is a global brand, and it is registered under ALL NEW LimeFxS. ANI is regulated by the Vanuatu Financial Services Commission (VFSC).

LimeFx does not provide benefits traders can use but branded merchandise and additional content. Beginner traders get numerous educational tools, and LimeFx claims to lead in knowledge. Most remain ultra-short, just enough to introduce the topic without providing really deep insights. Eleven ebooks are also available, following the same principle as the video content. Here is a screenshot of the LimeFx MT4 Premium trading account during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. Equity traders should also consider the absence of swap rates and the positive impact on trading profits.

LimeFx broker reviews

You risk, your loss, learn asuch as you can from these brokers as they are all very knowledgeable.. You can develop your own unique style of trading or you can take recommendations for trades. Our team of professionals is always going above and beyond to ensure our clients receive the best possible service they can. If they didn’t know something they asked their colleagues and got back to me. I have learned a lot about trading since i started 2 years ago. I did lose a bit now they are helping me to gain what i have lost..

  • All accounts feature the same competitive trading conditions and available services, while higher-grade accounts will add extra benefits.
  • LimeFx is an online forex and CFD broker, located in Vanuatu.
  • People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
  • I would like also to thank these guys, Mattias Slawecki and Josh Parell.

So, you do not have to worry about this issue at all because here you are protected by all means. The negative balance protection feature ensures that you never get a negative balance whenever you place a trade. If you are a newbie at trading, then you need not worry as you can start learning from your very first day. With a lot of tutorials and courses and live webinars, you can learn.

These were executed first time, and reported accurately in the Portfolio section of the main dashboard. The functionality of MetaTrader MT5 has been developed over many years of live trading. It’s robust, easy to use, packed full of trading signal indicators and has a clean aesthetic. After registering for an MT5 account you’ll be sent the login details to the MT platform. These are different to the log-in details of your Legacy FX account, so need to be stored safely. MetaTrader platforms have been operating for decades and are a finely tuned operation, so it was no surprise that this part of the process took only moments to complete.

Is designed to monitor and optimize your entire trading process by offering broad functionality. MetaTrader5 is an institutional multi-asset platform offering outstanding trading possibilities and technical analysis tools. Traders can enjoy the latest version of the most popular trading platform with plenty of cutting-edge features and benefits brought by LimeFx. European MiFID directive that also enables LimeFx to offer its service within the EEA zone and beyond. The stated objective of MiFID is to participate in building a more integrated, deeper, and more effective generating growth capital market while strengthening the protection of investors.