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Is it worthwhile for you to advance with a LimeFX open account considering everything else that’s out there? LimeFX is a trusted forex broker that has been in the business for a long time. They have won several awards and have been endorsed by different media outlets. If you have any kind of problem with their services or your account, you can call LimeFX, chat live with an agent, or send an email to get a solution. LimeFX claims that all users’ funds are stored in top-tier banks with seamless security.
The company does automatically monitor client’s accounts and if there is not enough margin in an account, the firm will automatically liquidate positions. With this, LimeFX keeps all customers funds segregated from its own operating funds, which further helps to protect traders money in the event of any financial issues with the company. The company oversees over 200,000 retail traders across the globe, from the U.S., UK, and Canada to Japan and Australia, with the tools needed traders advance in the financial markets. The charting feature in the mobile app is one of the disadvantages one can think of.
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Operational since 2001, LimeFX established itself as one of the most trustworthy brokers in the industry. Traders should evaluate copy trading features embedded in MT4/MT5. Traders with MT4/MT5 EAs must use the desktop client and the Standard account.
For example, CFDs are illegal in the U.S. therefore the company does not offer CFDs to U.S. traders, but it does offer CFDs to traders outside of the U.S. Some of the top features based on LimeFX reviews include integrated research, economic calendar, alerts, signals from trading central, market updates, and news. The experts share real-time insights, technical analysis, market commentary, actionable trade limefx forex brokers reviews ideas and other support to the users. Users can select the time of the session as per their convenience. This broker offers more than 4,500 CFD instruments on its top-class platform, which includes Web Trading and Advantage Trader web and desktop, along with 500 symbols on MetaTrader5 to support trader. Moreover, traders can select from over 50 currency sets, CFDs in 10 global commodities and indices.
- The Recognia Technical Analysis shares with its traders short-term trade ideas with pivot points, support and resistance levels.
- With all that in mind, how do you approach an industry juggernaut like LimeFX?
- For example, CFDs are not available to U.S. clients but are available outside the U.S.
- An advanced order execution layout is crucial to let professional traders open positions as per their preferences.
LimeFX’s customer service is not fully 24/7, though it isavailable 24 hours a dayfrom Sunday to Friday. Changing the leverage manually is a very useful feature when you want to lower the risk of your trade.Be careful with forex and CFD trading, as the preset leverage levels may be high. Note, that the products and services available to you at LimeFX will depend on your location, and on which of its regulated entities holds your account. On the downside, the desktop trading platform is less user-friendly and the design feels outdated.
If you choose to create the standard account on LimeFX, commission-free trading is available. But spreads can be larger, starting from around 1-2 pips for the most popular assets and increasing higher than 100 on less in demand currency limefx forex broker pairs. That said, all spreads are variable, meaning they can go up or down at any time. Our primary goal at The Tokenist is to simplify the word of financial decision-making, so that investing is not only easy – but also fun.
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Financial Services Authority , Monetary Authority of Singapore , and Cayman Islands Monetary Authority . The company is currently regulated by two of the world’s leading primary regulators, with credible security. I am a news spike trader and, in my first day with LimeFX, I earned 95% of my capital.
Equity traders must rely on the proprietary trading platform for access to all 4,500+ stocks and shares. LimeFX’s web trading platform is designed for beginner forex traders. It is a user-friendly, streamlined interface that can be customized to a trader’s preferences.
- The news feed is of excellent feature and it is written by LimeFX’s research team.
- So, if you are short on funds and are not willing to risk a big amount out of your whole equity, you can start low with margin trading and trade accordingly.
- You should always check the FCA register and use only the contact details listed there.
- Any regulators in any countries not only want to attract traders from home but also traders from abroard to develop their country economy.
- On the right-hand side of your screen, you’ll instantly see the latest news headlines concerning either of the currencies listed in your pair.
- Add your financial details such as taxpayer information, employment status, income, net worth, and trading experience.
Since it is an advanced platform, we were impressed by its access to a variety of instruments and derivatives, low forex fees, and reliable trade execution. The best part is that it is regulated by the world’s renowned regulatory agencies, which authenticates its credibility. Additionally, a margin calculator and an array of trading and charting tools can be found on all of its trading platforms. The broker’s „premium” and „pro” accounts have the option of receiving research tailored to the client’s needs. Using the LimeFX trading platform, traders can trade more than 80 base currency pairs with competitive spreads via its web-based platform or MetaTrader 4 platform or mobile app.
Transparent trading environment with low costs in the commission-based accounts. LimeFX’s mobile app is available https://limefx.group/ for both Android and iPhone. The mobile app offers the full functionality of the web trading app.
Get a Forex Pro on Your Side
You’re correct in saying that LimeFX is a market maker dealing desk, and thus, we are able to fill your trades instantly. However, after we execute your trade, we either offset your trade in the interbank market with one of our wholesale trading partners or net your position against another customer. Please rest assured that you are not trading against the market maker and we’re not manipulating markets in our favor. LimeFX is regulated by the CFTC/NFA in the US, and we operate in highly regulated environments, with strong oversight into trading practices and execution.
As discussed earlier, forex trading is a bit complicated and tricky, so it requires you to have a thorough knowledge of it before you select a broker. For those who are new to trading forex reviews, nothing could be a better place than LimeFX. Trading with LimeFX takes place 24/6, but the availability of instruments is subject to jurisdictions.
Appalling customer service
Customers signing up to LimeFX will have two pricing options based on the account you choose. The standard account uses spread-based pricing, and doesn’t charge commissions. Customer service also offers telephone support, which is the fastest method to have questions addressed. Moreover, waiting times can be dependent on call volumes, yet during a normal day, the client needs to wait for a few minutes to be connected with an agent.
LimeFX has a high-quality educational platform and market research, including tradeable ideas. Therefore, it ranks among the best-equipped brokers for beginner traders. MT4/MT5 offer flexible deposits, and traders should select an amount similar to what they plan to deposit in a live trading account. With 4,500 equity CFDs, LimeFX is ideal for asset managers, but ETF brokers are not available, which is a shame.
- How to Get Help with Childcare Costs by Brean Horne There is a lot of support available if you need help with childcare costs.
- 2- manually liquidation process by London trading desk not automatic by system then they provide you a fake price.
- One of the best features given by LimeFX is the news feed.
- The standard account is only available with the MT4 platform.
Compare selected brokers by their fees, minimum deposit, withdrawal, account opening and other areas. Filter according to broker or product type, including stocks, futures, CFDs or crypto. Finally, LimeFX offers a terrific range of educational options. That said, do not expect asset-specific fundamental analysis. However, while its research options are comprehensive, LimeFX offers a limited set of complex trading instructions. You can enter basic orders such as stops, limits, take profit and stop loss, however the system lacks the more sophisticated conditional orders that other currency trading platforms sometimes offer.
Clients can access content according to their experience level, or thematically. All content, with the exception of „technical analysis” topics that are available on the platform, can only be accessed through the website. Phone support is the quickest way to have questions answered by a real person. There is a small menu to choose from at the start of the call. Wait times will vary based on call volume, but during a normal day you can expect to wait several minutes before being connected with a representative.