These requirements can change over time, and they may vary depending on your region and the type of account you’re opening. Basically, if you are a trader from the country that regulates limefx scammers the broker, you will follow the rules of your country. And if you are a trader from outside the regulated country, you will use the trading term chosen by the broker.
Desktop Trading Apps
In the asset library, you can find 1,210 CFDs as well as 57 forex pairs (exotics, majors, and minors). The library can be casually browsed or filtered if you would like to find a specific stock originating from a certain country. Said class asset is spanned into 17 different countries such as Russia, Australia, Austria, Sweden, Finland, Norway, Portugal, Italy, Greece, Spain, Switzerland, Belgium, and the Netherlands. The platform also provides access to 8 commodities through CFD assets. There are 12 futures indices CFDs and 18 cash indices CFDs available. And finally, LimeFx Broker also enables trading with metals such as silver and gold.
Customer Service and Support Features
One of the biggest scammers in the market, they always close positions automatically to cause you lose, the argument is always the same technical problems 🤔, the CS team never solve problems. Only block your account or close chat window without prior notice. The only positive point is deposit & withdraw options, if you ever been lucky enough to withdraw money from this scammers. LimeFx have really cooperative and good support team .I appreciate of them .Instant withdrawal.fast trade execution.very nice . In line with anti-money laundering regulations, the withdrawal method has to be the same as the deposit method in which the account was funded.
LimeFx.com Broker Review: What’s the Deal With the Huge Leverage?
You can choose from 3 different account types that provide flexible trading conditions to meet the needs of both beginner and advanced traders. The minimum deposit required is just $5 whilst you can choose between no commission accounts with marked up spreads or pay a $3.5 commission charge to get variable spreads starting from 0 pips. Leverage depends on the financial instrument traded and on client’s country of residence. EagleFX is a Dominican-based ECN and STP broker which offers traders with access to global markets through the provision of 100 tradable financial instruments.
- As per regulatory requirements, LimeFx Group is also subject to quarterly audits and must submit financial statements.
- I find them to be one of the most reliable brokers for trading and investing online, especially if safety and low costs are important to you.
- Global clients, on the other hand, can open a Micro, Standard, or LimeFx Ultra Low account.
- According to the posts, the broker follows a dealing desk approach while processing clients’ orders.
Research and Educational Materials
They offer both MetaTrader 4 and MetaTrader 5 and they have tweaked them slightly to suit the specific needs of their users. The Micro account is best suited to beginners, with the standard account being ideal for flexible traders. The LimeFx Zero account generally is best suited for regular traders or those who place significant trades.
Best High Leverage Forex Brokers
While the look and feel of both trading platforms is almost similar, we’ll review their main highlights. This is a great way to get feedback from industry professionals who know what matters the most to traders. LimeFx Group was founded in 2009 and has since grown into a large globally established trading broker.
There is 24/7 dedicated customer support to assist traders with any queries or questions that they might have. There are, however, several brokers, both regulated and unregulated, who accept and accommodate US traders, offering them comprehensive trading solutions and services. Overnight fees apply on cash instruments held overnight, but this is industry standard.
When trading with LimeFx Group, you can choose between the ever-popular MT4 or MT5. The broker supports mobile versions of each platform and, if you don’t wish to download any software, you can also use the efficient WebTrader version. Overall, this gives you convenient trading solutions at all times and access to a wealth of great charting and research tools. Our reviewers of LimeFx Group were pleased to find that the broker offers investment protection to the majority of clients. As LimeFx Group operates under several trading names with different regulators, however, the protection offered changes depending on which arm of LimeFx you decide to trade with.
Given its multi-regulated framework, the availability of negative balance protection, guaranteed stop loss, and funds compensation scheme, the broker appears to be safe. The company keeps clients’ investments in segregated bank accounts and employs advanced security protocols to prevent unauthorised intrusions. Like Trustpilot, the FPA community also seems divided concerning signing up with LimeFx. Some clients appraised the broker for having ultra-low spreads and a fast withdrawal process, while others denounced the company for poor trade executions.
I like that most brokers offer MT4 whereas MT5 is less commonplace. This means that I can test most brokers with a platform that I am already familiar with. You wouldn’t want to master one platform only to be disappointed if you want https://limefx.biz/ to switch brokers and the platform is not available. Other prominent MT5 brokers to consider who are on par with LimeFx include LimeFx. LimeFx Group accepts clients from all over the world, excluding the USA, Canada, Israel, and Iran.
A simple step-by-step guide will also follow, explaining how to open an account with LimeFx. Pros and Cons of signing up with the broker and customers’ feedback on different platforms like Reddit, Quora, Forexpeacearmy, and Trustpilot will also be looked into. The mobile trading apps are especially useful if you need to access your trading account whilst on the go from anywhere in the world provided that you have an internet connection. Every feature that it offers that considers the needs of a beginner.
LimeFx offers a transparent fee structure that traders can consider when evaluating their trading costs. LimeFx Group is a trusted MetaTrader-only broker that offers an outstanding selection of high-quality educational content and market research. There are 30 trading charting indicators available on the mobile apps and you have the full range of trading instruments to choose from with these apps. You have access to virtual trading, but those using mac desktop computers will not be able to run this trading platform optimally. There are 51 different trading indicators available to you and there are 31 charting tools you can utilise. Looking at the LimeFx Zero account, the average spread for EUR/USD is 0.1 pips excluding the commission.
- Post Date: 11 Jun, 2024