LimeFxFX Nigeria Review 2023 Is it a Legitimate Broker or a Scam?

28 de noviembre de 2022
0 Comments is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. Andrew has a well-established career in fintech and came up with to make
trading on financial markets more transparent and accessible. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions. CFD trading on LimeFxFX allows traders to speculate on the price movements of various financial instruments against the broker LimeFxFX, without actually owning real assets.

  • All providers have a percentage of retail investor accounts that lose money when trading CFDs with the provider.
  • They have opened up to 300,000 accounts and achieve $4bn in daily volume.
  • However, there can be no guarantee on how good or bad the signals will perform.
  • MT5 is preferred by algorithmic traders and experienced traders.
  • LimeFxFX offers a broad spectrum of tradable instruments to cater to different trading interests and strategies, though it doesn’t include all potential asset classes.

However, remember that you won’t be able to make trades on LimeFxFX until you have passed compliance, which may take several days, depending on your circumstances. It’s essential to complete the LimeFxFX KYC compliance process as soon as possible to avoid any delays in accessing the LimeFxFX platform’s features. While learning, you can also use global trading times to practice making live buy or sell trades using LimeFxFX.

Is LimeFxFX a market maker?

Furthermore, deposit and withdrawal fees applied by third parties will also be covered by LimeFxFX. LimeFxFX provides four different account types, the LimeFxFX MT4 Account, LimeFxFX MT5 Account, LimeFxFX Islamic, Swap-Free, and Risk-Free LimeFxFX Demo accounts respectively. The minimum deposit amount required to open an LimeFxFX live account is $100 USD. Then you have the Pro account which uses the slightly more advanced MT5 platform. This offers slightly lower spreads than the Micro account and will have less trading costs for higher volume.

The broker also provides detailed economic calendars and market insights, which keep traders informed about the latest financial news and upcoming economic events. This allows less experienced traders to learn from and imitate the trading strategies of successful traders. Therefore, it not only facilitates learning for beginners but also potentially enhances trading outcomes.

LimeFxFX offers a smooth registration process, quick deposit and withdrawal processes, a great layout, mobile trading, Islamic accounts, attractive bonuses, and a good user experience. However, it’s not available for US-based users, it lacks some assets and currency pairs, and it has low trust since it’s limefx scammers not regulated by any top-tier authorities. Modern brokers like LimeFxFX provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, LimeFxFX may charge clients various fees for trading activities.

However, the LimeFxTrader is not available for real accounts and will not provide the experience of the MT4 or MT5 live trading platform. Dear Red R,

We regret not being able to respond to you earlier. We are sorry for you to feel this way, unfortunately, there was a technical glitch in the market quotes. The glitch became a reason why the off-market price has appeared on our trading platform. Thus the trades that have been closed in profit in this particular case were made not according to actual market levels.

Is LimeFxFX trading Legit?

It has been downloaded over 10 million times on Android smartphones. The success of LimeFxFX’s proprietary copy trading service prompted the development of a mobile app. LimeFxFX offers over 50 payment methods, including Visa, Fasapay, Neteller, bitcoin, and a wide range of local bank transfers. MetaTrader 4 is extremely well regarded in the industry as one of the top trading platforms ever. Here you get exactly what you expect with a very robust and extremely powerful and also lightweight trading platform that can run on virtually any device.

Forbidden trading techniques

If you have any further queries, please contact us via live chat, email () or by sending a DM to any of our official social media accounts. LimeFxFX is best suited for both beginner and intermediate traders due to its easy-to-use platform, educational resources, and low minimum deposit requirement. The broker provides comprehensive trading tools and features that traders can leverage to optimize their trading strategies. Additionally, LimeFxFX offers impressive customer support to assuage any potential challenges traders might face. LimeFx Markets Incorporated is a well-established forex trading platform that offers an innovative approach to trading with its copy trading feature.

LimeFxFX Research and Education Tools

After the form is filled diligently, the user has to email LimeFxFX’s accounts unit to authorize the identification certificate of the country of residence. This authorization procedure is followed as part of the KYC compliance of the country of residence. Cryptocurrencies are available on the MetaTrader 4 and MetaTrader 5 platforms.

Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk. To start the process of opening an account with LimeFxFX you can visit the LimeFxFX trading platform here. Losses can exceed deposits
You should consider whether you can afford to take the high risk of losing your money. As part of our LimeFxFX review, we review customer service options, response times and problem resolution effectiveness on the LimeFxFX trading platform.

In terms of education, there are platform tutorial videos and a basic forex trading course, which would probably be okay for absolute newbie traders. A side note, with something that we’ll discuss later, is that the customer support person wasn’t able to communicate major details regarding the regulatory processes of LimeFxFX. But, it must be said that depositing funds and holding your capital with LimeFxFX is definitely a higher risk than trading with other, more regulated brokers. There was one slightly different trading platform, which is the LimeFx CopyTrading software.

Its team is committed to providing spectacular trading services with no extra commissions. The platform helps advance the pursuits of traders and retail traders to get the most valuable outcome for their trading activities. LimeFxFX is at present operating via a Saint Vincent and the Grenadines subsidiary. Some brokerage won numerous awards, such as the ‘Best Online Broker Global 2022’ award from World Business Outlook and the ‘Most Reliable Broker Asia 2023’ award from Global Forex Awards.

There are multiple bonus offerings for Nigerian clients at LimeFxFX. This program is suitable for traders who are willing to invite their friends and get a reward for that. Affiliates don’t have to open a separate account in order to refer their friends, but only to generate a referral link in their personal area and share it with friends. LimeFxFX broker facilitates the MetaTrader 5 (mt5) Pro Account, the most profitable amongst C-Suite investors and novice traders as well. Yes, LimeFxFX comes with licenses from several regulatory authorities. First, it is guarded by the CySEC body to ensure traders and investors from the EU can easily continue with their operations.

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