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LimeFX Review UK 2022 Is LimeFX a Safe and Good Broker?

15 juin 2022

The MQL5’s programming language focuses on the trading specialization that makes it different from others. Functions like technical analysis and trade management are built-in in the MQL5. The features and functions of the Metatrader5 that are the most important ones. They are Programming Language, Market Statistics, Mobile Trading, Strategy Testing and Optimization, and Market Depth. There are many other features to use from it if you explore the website closely.

This Forex broker has a strong client service team, which has impressed me. Execution was excellent, and the analysis was insightful. Thank you for providing such useful information and thorough explanations. LimeFX accepts traders from most countries including Singapore and Hong Kong.

LimeFX scam

Whilst a decent number of support options, we found assistance was limited. It was difficult to connect with advisors and when we did, product knowledge was basic. The company has grown to accept traders from most countries in the world, apart from the United States. New Zealand Financial Markets Authority has recently added another name to its list of unregulated firms. The Financial Markets Authority has recently added two more names to its list of unregulated firms. The website’s main feature reduces the manual work in an efficient way that makes it competent to others.

Report an unauthorised firm

That means that no commission fees are charged on any of their account types. Rollover charges are only applicable on positions held past a certain time. You can view Market Hours on the website in order to determine the closing time for each market if you wish to avoid these charges. TradingBeasts helps individual traders learn how to trade forex, cryptocurrencies and other assets as CFDs. We actively trade, publish educational articles and news.

At LimeFX, streamlined online investing offers traders to operate and take control of their finances in a smooth-running way with innovative digital experience in the marketplace. – They are good in helping you earn high profit in a short time. But if you observe further, it is because they https://limefx.group/ trade big lot with low target. Most of the time, it should be able to close without fail hence earning you big profit in a short while. But for the time when it dont, you better have sufficient buffer. Which perhaps is why some many people here review that their account are wiped out?

Fortunately, the MetaTrader 5 platform also comes with premium security features including 128-bit encryption and 2FA protocols. Moreover, traders encounter problems when they rely on the suggestions of their brokers they trust. Also, trading sessions that were performed and tested by the Expert Advisor are shown in a chart. In addition, the Expert Advisor does appropriate changes after a week of detection on the points of a comprehensive testing report created after the test run. Also, trading robot experts test different input parameters and selecting optimal values. LimeFX uses an electronic trading platform widely used by online retail foreign exchange speculative traders known as the MetaTrader5 Multi-Asset Platform.

LimeFX Trading Conditions

The view of quotations is on display for the pending orders from the liquidity provider. The Strategy Tester of MetaTrader5 offers diverse testing modes to achieve the optimal speed or quality ratio. However, examination and identifying of correlation between multiple currencies are allowed by testing the multi-currency trading robot’s capability.

  • I am making good money out of their trading signals and instruments.
  • If you’re interested in trading cryptocurrencies, you’ll be happy to know that Bitcoin, Litecoin, Ethereum, and Bitcoin Gold are available options.
  • Also, the wide-ranging process of optimization of a complex robot is short and uses genetic algorithms.
  • I am skeptical at first but thankful I gave it a try.

Not having to worry about withdrawal fees mean that you can make smaller, more frequent withdrawals if you’d like to, without worrying about fees eating into your profits. Initially skeptical of forex trading, this broker was kind enough to activate a demo account with fake money for me so that I could try it out. I recognized their potential and eventually traded with them; I’m pleased with the outcome. FP Markets – FP Markets is a multi-asset broker offering a choice of trading platforms. LimeFX provides its clients with access to the industry-leading MetaTrader 5 platform.

Market Depth

Extra careful traders might want to find an alternative in our top list of UK brokers. The source of this information is the website and the broker’s trading platform listed in the Web section of this review. Please verify whether the broker is authorized to provide its services in your country of residence in accordance with the legal regulations that apply to its business. In my previous reviews I focused on the short time frame and high volume (5-10vol) trading. This led to some good results but also some bad losses.

Currency pairs offer trading 24 hours a day, but the website does not explain what majors, minors, or exotics are offered. Oil, Gas, Brent Crude, and other commodities are available for trading with zero commission charges. Hundreds of shares are offered, in addition to spot metals, which include limefx forex broker Silver, Gold, Platinum, and Pallidum. If you’re interested in trading cryptocurrencies, you’ll be happy to know that Bitcoin, Litecoin, Ethereum, and Bitcoin Gold are available options. The VIP account was made for high net-worth traders and active participants, who often trade larger volumes.

  • MT5’s optimization on the extra source code that was done during the compilation achieved the operation’s goal in making it faster.
  • We do not believe there is a connection between the website and RNCA.
  • Thank you for providing such useful information and thorough explanations.
  • Although the website is vague when it comes to funding, we were happy to find the information listed that mentions no extra fees are charged on withdrawals.

The One-Click Trading option is available on the platform. The Market Depth window shows the price chart directly for orders. The MetaQuotes allowed the obtaining of various market statistics with different financial instruments, trading in exchange for enforcement mode.

MetaTrader 5

Again, this is a concern as most trusted providers are open about any payment fees. The broker charges zero commission on all instruments with the Mini and Advanced account and variable spreads from 3 pips. LimeFX offers a range of accounts that you can take advantage of. The broker is focused on innovating to meet the needs of customers.

Hopefully, the broker will have added some extra opportunities to profit by the time you read this article, should you decide to sign up. The most affordable account offered by this broker would be the Mini account, which requires an average, $250 deposit minimum. We aren’t surprised to see this amount listed, but it would be nice to see the broker lower the amount a tad since this is a Mini account we’re talking about. No, unfortunately LimeFX is unregulated as far as we know. Prudent traders will want to check out the list of FCA regulated brokers for alternatives. LimeFX offers CFDs in a range of financial markets with a choice of five account tiers.

This broker advertises fast withdrawals but doesn’t provide any actual timeframes to back up their statements. We found some comments elsewhere that did mention fast withdrawal times, so we’re hopeful that the company is making an accurate statement. Still, we would advise making your withdrawal request ahead of time to avoid any limefx scammers delays. It would also be safe to assume that Western Union and Money Gram may take longer to be processed than the other methods. Trade a list of currencies with floating and fixed spreads depending on the account. We have scanned fees that LimeFX charges when trading popular currency pairs, here is their breakdown in pips.

As the minimum deposit increases so does access to additional features, details of which can be found on the broker’s website. Higher account tiers also benefit from fixed, low spreads, though details of these are not shared. Foreign exchange trading comes with high level of risk. Before investing in foreign exchange, carefully consider your level of experience and risk appetite. CFDs are complex instruments and bring high risk of losing money because of the leverage they provide.

However, LimeFX also anticipates change and responds quickly. Also, the account types are for individual specifications on financial instruments. They start off really really great with wonderful signals. Then very quickly they’ll ask you to increase your USD200 LimeFX to USD6000 because they are doing a wonderful job. Then there’ll be occasions when the trades will go sour, they’ll ask for more money.

I am making good money out of their trading signals and instruments. I face a few challenges on my first quarter such as pricing and platform. LimeFX Ltd is registered with the Financial Services Authority of Saint Vincent and the Grenadines. Brokers registered here are unregulated and do not have to abide by the same rules as providers holding CySEC or FCA licenses, for example. As a result, we would not recommend signing up for a LimeFX account. The lack of transparency and regulatory oversight are serious red flags.

LimeFX Market Price Difference & Commissions

In addition, LimeFX provides a full-service choice of highly effective instruments such as currencies, oil, and precious metals, and many other tradable assets. LimeFX is a newly established broker that hasn’t done quite enough to make their advantages known. The lack of detail on their website makes us wonder how much of an advantage there would actually be in making a deposit of $100,000, over simply opening an account with a $250 requirement.

What we don’t understand is why this broker fails to be more transparent about exact spreads in this area, especially since it plays such a crucial role in selecting an account type. This broker offers trading on a platform that we don’t see offered quite enough, the MetaTrader 5 platform. The developers kept this platform’s layout similar to the one available on MT4, but programming and other features have been added. The program is accessible through its browser-based version, WebTrader, and also via download on PC, Apple products, and Android devices. LimeFX offers several features to improve the trading experience. Users benefits from daily news, a global economic calendar and a range of educational videos.

You can then add your real phone number, address, and zip code and you will be allowed to open your account with no issue. All of the available funding methods are also available for withdrawals. Although the website is vague when it comes to funding, we were happy to find the information listed that mentions no extra fees are charged on withdrawals.

However, they are the hedging method that can be used in currency pairs and the netting, which mode adopted from the exchange markets. The Mini and Advanced account types offer maximum trade sizes of 10.00 lots. In accordance with our research, LimeFX is a broker licensed and regulated by the SVG.