LimeFxFX Review Is It Safe?

28 de noviembre de 2022

Evaluation includes researching the LimeFxFX management team, track record, and services. Our team has endeavored to break down the complex world of trading with LimeFxFX into easily digestible information in this LimeFxFX review. We want to ensure you have all the knowledge necessary to use the LimeFxFX trading tools confidently, from depositing and withdrawing funds to executing trades.

Autochartist on the LimeFxFX platform is a powerful tool designed to help traders find trading opportunities quickly and easily. LimeFxFX is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here. When considering LimeFxFX for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as LimeFxFX, is to assess the broker’s regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors.

  • MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features.
  • If you are trading from outside the EU, the minimum deposit will be $25 with the LimeFxFX Micro account.
  • Additionally, if you have any further inquiries or require assistance, our live chat and email support () are available 24/7 to address your needs.
  • 66-84% of retail investor accounts lose money when trading CFDs with the providers presented on this site.

No swaps fees are applicable on the MT5 account and MT4 swaps are lower than many CFD brokers in Malaysia. We have reviewed each component of broker fees that are commonly charged by CFD brokers in Malaysia. And more than likely a no-go for wherever in the world you may be located. When trying to determine if we could add funds to our account via a simple bank transfer, the customer support person in the live chat couldn’t even verify that a bank transfer was an option. I kept asking the customer service how to use their software and they were patiently answering every question.

Opening an Account at LimeFxFX

While LimeFxFX has some pretty impressive features, it also has some major disadvantages you want to be aware of if you’re considering trading with it. LimeFxFX is not regulated by SEBI, but it’s still available and compliant within India and welcoming to Indian customers. Yes, LimeFxFX is very well regulated by CySEC (372/18), by the regulatory body of Saint Vincent and Grenadine (19776), and FCA. This bonus is also withdrawable though you must meet certain terms and conditions set by the broker. Depending on your location, you may be eligible for an LimeFxFX deposit bonus of 50%.

It has an intuitive user-friendly interface that is easy to navigate and fully customisable. MT4 includes many built-in indicators for technical analysis and is capable of running automated systems known as expert advisors (EAs). Multiple order types are supported with real time market execution and there is advanced risk management amongst many other useful features.

What does it mean to have your funds in LimeFxFX deposited in a Tier 1 bank?

LimeFxFX offers a variety of bonus offerings for Malaysian clients. A decent number of financial instruments are available to trade at LimeFxFX in Malaysia. To open a demo account at LimeFxFX, clients need to enter basic details on the registration window and login into the personal area. After logging in, clients will have the option to open a real and demo account. We also went through the process of setting up an LimeFxFX demo account, it was again quite easy and painless. The difference in leverage depends on the product trading, and where you’re located on the globe, due to which regulatory guidelines apply to your account.

Assets & Leverage

It’s essential to note that the trading instruments offered under the LimeFxFX brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the LimeFxFX trading instruments available and the regulations governing them based on your account holder, location, and chosen platform. There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Minimum deposits at LimeFxFX will vary depending on your country of residence and your chosen payment method.

LimeFxFX Demo Account

If you are accessing as an EU resident, you’ll be protected legally under the CySEC regulatory cover. We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds.

Be mindful of these charges, impacting your overall LimeFxFX trading profitability. Dear Ryan P,

We apologise for not being able to respond to you earlier. Please note that LimeFx is a global Forex broker providing its services in 150+ countries for over 11 years. We comply with international standards and regulations, ensuring that our clients get a safe platform where their funds are secure.

Do We Recommend LimeFxFX

LimeFxFX measures its success by providing cost-effective trading conditions, along with a completely transparent service worldwide, regardless of how high its clients’ expectations are. LimeFxFX offers a wide range of trading account type suitable for any strategy and any level of experience. Asset list and leverage overview currency pairs 35 cryptocurrency pairs with 5 commodities and 5 metals. Trading Forex, CFD, Binary Options, and other financial instruments carry a high risk of loss and are not suitable for all investors.

A wider spread means you are paying more every time you open a trade. Our spread module indicates that with LimeFxFX, you are paying more than their competitors so it may be better to consider trading with other brokers. As can be seen in the module below, we found LimeFxFX spreads to be largely average for major FX pairs, and disappointing for cross-pairs. With this in mind, we think it is safe to say LimeFxFX does not live up to its claim of having the lowest spreads in the market. LimeFxFX isn’t a publicly traded company, and it doesn’t run a bank. LimeFxFX is regulated by none of the tier-1 (high trust) authorities, one tier-2 (medium trust) regulator, and none of the tier-3 (low trust) regulators.

In addition, newer products have been implemented in the MT5 Pro network functionalities. These modish offerings have enhanced the comprehensive trading platform. The multiterminal doesn’t support automated trading scripts such as expert advisors. LimeFxFX is one of the best platforms where traders and investors will have many advantages.

It is a similar story for credit card deposits which seemed only to be available for certain countries, VISA for example appears only available for clients in the EU – very odd. At the end of the day, we can’t say if swap-free trading is better or limefx courses scam worse than swap-included trading. What we can say, is that this account is an excellent choice for trading that complies with sharia law. When it comes to account currency, if you join the LimeFxFX European subsidiary, you will be using Euros.

For us, we found the trading platforms offered by LimeFxFX to be sufficient. As long as a broker has MT4 and MT5 it should be more than enough for the majority of retail traders. For both of the account types offered by LimeFxFX, spreads are floating and start from a minimum of 0.8 pips and have an average of 0.9 pips for the EUR/USD currency pair. This means that the trading spreads will get either tighter or wider, depending on market volatility, time of day, and other factors. We found Forex Broker LimeFxFX most interesting feature to be that they have no swaps. Other features include MT4 and MT5 trading platforms and commission-free spreads from 0.8 pips.

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