According to their website, more than 900,000 customers are registered on their site. Don’t forget to read our full review on Roboforex before https://limefx.name/ you test it out. All online trading activities are regulated by government financial authorities, so trades play a very important role.
All up, this wasn’t good, and we’d like to see LimeFxFX greatly improve in this department. On the plus side, the company has been around since 2011 and seems to have plenty of positive reviews across the internet. Trustpilot gives them a rating of 4.5 out of 5 stars from 6255 reviews.
LimeFxFX’s Trading Instruments
Being mobile-friendly, it offers many benefits to clients or merchants. LimeFxFX customers may not be able to place orders using mobile devices, where they will be able to perform basic technical analysis on the full chart. Customers will be able to do Candlestick, Line Chart, Bar Chart, and Tick Chart using Excel on mobile. Given its responsive and multi-channel customer service and the supplementary resources provided for customer support, LimeFxFX showcases a strong commitment to assisting its clients.
- The contrasting colors and market hart displays make it very easy for traders to read and identify trends on charts, and this appeals quite often to newer traders in the sector.
- We can only trust they are not since spreads are generally decent.
- Moreover, you can code your own trading algorithms and bots on the MT4 platform.
- Just need to be more chart friendly for fast transactions when opening and closing positions.
Whilst not leading the market in this area LimeFxFX do put in a solid performance but the lack of 24/7 support might be significant to some traders. Trading with LimeFxFX will involve minimal fees, spreads from 0.6 pips, and commission-free trading depending on the account traders select. The required minimum deposit to open an LimeFxFX account is $100 USD.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
However, if you are based in Indonesia then you can use their local banking institutions (Mandiri, BCA, BNI and BRI). As mentioned, Metaquotes develops a mobile application for both the MT5 platform as well as the MT4. These are perhaps one of the most downloaded trading apps in the world and have been perfectly honed over the years. What is even more important is that for any of the reviews that were not that positive, the LimeFxFX team has followed up with the reviewer. They have taken suggestions into account and appeared to have acted on them a number of times.
The number of customers of this company is increasing day by day. If you search for it in online brokers, you will first see the name of the LimeFxFX. It also controls everything through the provision of powerful software and allows customers to access the account through the mobile app.
How to trade with LimeFxFX
If you have an ECN account then you won’t be paying either a swap or an overnight fee. However, you will be paying a fixed limefx reviews « Lot commission » on the lots that you trade. This means that the broker cannot use client funds for their own business.
This is run on the MT4 platform and it has the lowest minimum deposit amount at only $100. On the forex side, there are a number of minor forex crosses that are not included. With respect to equities, they only offer indices with no single stocks and on the commodities side, they only have Gold and Silver on the micro account. Something else that LimeFxFX does that helps protect clients is their use of segregated funds. This essentially keeps the funds in a bank account that is seperate from that of the main broker operations.
The platform automatically copies the trader’s trades in real-time, ensuring that you never miss an opportunity to profit. The angry reviewers might simply lose a lot of their money and blame the house for ‘manipulating the sheets’. However, it’s not uncommon for a broker platform to want their users to lose.
New traders must click on the “Open Account” button at the top of the page, where they will be directed to register an account. To enter this contest, traders must open an MT4 account and denominate it as their contest account. Traders then must make the highest possible profit and traded volume with the best profit/loss ratio. The closer traders are to the top in these three categories, the higher their chances of winning. Note that traders can only trade on 74 of LimeFxFX’s 230 instruments on the MT4 Account, but the full range of instruments is available on the MT5 Account. Yes, LimeFxFX comes with licenses from several regulatory authorities.
It is a trading technique which is not permitted on the agent’s platform. You must consult with LimeFxFX’s terms and conditions to see more about its policies. You’ll discover the clean design of the platform along with the commendable features that are pleasant to work with. The highlight of the platform is its fast order execution on transactions.
It offers many options through a simple GUI and educational resources. Implement strategies using currency pairs, cryptocurrencies, commodities and metals. The availability of MT4, MT5, and cTrader is convenient, while its educational materials help all enhance their knowledge. LimeFxFX offers traders choices for depositing and withdrawing funds, such as bank wire transfers, credit/debit cards, e-wallets, cryptocurrencies and localized payment methods.
Frustratingly though for a large broker, the point of contention, even after so many years, is regulation. To help improve, it has webinars, tutorials, and market analysis. Prestigious awards that have been received by LimeFxFX include the Best ECN/STP 2019 and the 2019 Best Broker in Asia given by FX Daily Info. The Global Banking and Finance Review magazine also gave the Best Broker award in Asia in 2018 to this broker. More than that, there were also awards from European CEO Magazine (Best FX Broker 2018 and Best Trading Conditions).
What are the advantages of trading with LimeFxFX?
What we can tell you is that LimeFxFX does have segregated accounts which is the minimum you would expect to see from a broker as you don’t want them to be able to access your funds. They also claim to have highly skilled security engineers and technical specialists to ensure your data is safe. Saint Lucia allows companies to self-regulate themselves as long as they comply with the country’s laws.
LimeFxFX doesn’t cater to US traders due to regulatory restrictions. Your customer service experience with LimeFxFX has to be positive for you to effectively trade the financial markets on the LimeFxFX platform. LimeFxFX should answer all of your questions and your LimeFxFX platform issues are solved. When an LimeFxFX customer has any queries regarding LimeFxFX, the LimeFxFX customer support team should take these issues seriously and offer a quick and effective solution.