LimeFx review: is it a legit or scam forex broker?

It upgrades MT4 with six plugins plus its Pivot Points Strategy, featuring live updates and commentary from the LimeFx Head of Education, and the mobile app is user-friendly and easy to use. They ensure traders have an edge versus the out-of-the-box versions most brokers offer. One of the most favorable aspects of LimeFx is that the minimum deposits required by the broker are very low. In fact, these start at $10 for standard accounts depending on the type, rising to $200 for ECN accounts, again depending on the type of account.

  • To conclude our LimeFx review, should you trade with ForexTime?
  • Since the LimeFx platform is MT4 or MT5 software, both offer various versions available either as WebTrading platforms or the one that can be installed directly on any device.
  • BrokerChooser is free to use for everyone, but earns a commission from some of its partners with no additional cost to you .
  • Concluding the LimeFx review, we admit that LimeFx gives quality trading potential for both beginners and experienced traders or investors and LimeFx is one of the leaders in Forex Trading.
  • Order execution speeds are lowest for Pro trades, which get as low as 0.050.

LimeFx offers both floating and fixed leverage for trading, depending on the type of account, currency pair, or instrument traded. It’s important to mention the cost of trading in this LimeFx review. Let’s now take a closer look at LimeFx deposits, in terms of minimum deposit, methods available, and any fees that may apply.

You can check their website to see more about them and probably chat with support and ask any questions you have to help you decide. All bonuses offered on LimeFx are subject to terms and conditions that you must meet. If you are eligible for the bonuses, you will need to accept the terms and conditions through your dashboard to participate. When our team tested it, we got feedback within a few hours and the answer was relevant.

Broker Information

We learned that LimeFx fees are mainly built into a spread also defined by the account type you use. In addition, you should always consider other fees like non-trading fees like, and withdrawal fees which we will see in detail further. LimeFx processes most withdrawals within 24 hours, but it may take up to five business days for clients to receive their funds, dependent on the payment processor. Most online payment processors will credit accounts instantly after LimeFx has completed the withdrawal. The minimum deposit at LimeFx for the Micro Account is $50 or a currency equivalent. The Advantage and Advantage Plus alternatives each require a minimum deposit of $500.

LimeFx scam or legit

People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. We are glad you are enjoying your trading experience with LimeFx. We do our best to provide the best payment solutions for our clients and we follow strict regulations set by the jurisdiction we follow, for the safety of your funds. Please do contact us if you are in need of any assistance in the future. Please note that all withdrawals are processed and sent from our side within a maximum of 24 working hours, as long as your LimeFx Account & Payment Method is completely verified. When I read these reviews much different experiences, I don’t know really to continue or not.

Overall LimeFx Ranking

The owner of this website has registered this domain name for a period longer then one year. This means he plans to continue his website for the foreseeable future. We increased the Trust Score of forextime.com as a result as most scammers never renew their domain name once the scam is public knowledge. This website seems to offer so-called high return/high-risk LimeFx opportunities. Any LimeFx that promises high revenues also inherently is high risk.

In addition to the company’s international regulation, it practices segregation of client funds. This ensures the safety of client funds on the off chance that something should happen limefx website to LimeFx. Overall, FT Global Limited always follows regulations strictly. Thus, emphasizing the protection and security of clients and their LimeFxs plus client fund safety.

Throughout LimeFx review process we have not found any major issue with ForexTime. LimeFx Education ranked with an overall rating of 8.3 out of 10based on our research. The broker provides very good quality educational materials, and excellent research also cooperates with market-leading providers of data.

Other research tools you will enjoy

Hence, any Malaysian trader who is trading forex must do so at their own risk. Even though LimeFx is a reputed global forex and CFD broker, traders from Malaysia are subject to the laws of Mauritius when trading through LimeFx. These laws may not provide adequate protection to residents of Malaysia who are trading through LimeFx. Although the spreads with their Micro account are higher, beginner traders who choose this account will pay higher overall fees. Spreads on this account start from 0.0 while commission charges start from $0.40 to $2 (MYR 1.8 to MYR 9), and is based on a floating commission structure that varies based on trade volume. This account does not charge commission fees and spreads start from just 1.5 pips.

Many traders appreciate the fact that automated trading ensures you do not miss any opportunities if you cannot watch the markets 24/7. Cent Accounts have minimum deposits of $/€/£ 10 or ₦1,000, with no maximum deposit. Standard Accounts, Shares Accounts, ECN Accounts, and ECN Zero Accounts have a minimum deposit of $/€/£ 100 or ₦20,000. In the case of certain accounts, there are floating commissions.

These prices are updated within as much as technological limits allow. The external sources are also reviewed daily to ensure that the prices provided are competitive. If any order can not be executed at your declared price, because of volatility, it will be executed at the first available price.

LimeFx scam or legit

The available stock markets are NYSE, NASDAQ and the Hong Kong Stock Exchange. LimeFx hasclear portfolio and fee reports.You can easily see your profit-loss balance and the commissions you paid. We tested the credit card withdrawal and it took one business day. If you use credit/debit cards or electronic wallets, you can only withdraw up to the amount you have deposited via the same method. Therefore, you have to withdraw any profit by using a bank transfer.

Web trading platform

You as a trader should always ask the right question while selecting a reliable Forex broker. The customer support team provides multilingual service, as do the personal account managers. This allows LimeFx to attract native speakers of a wide range of languages. LimeFx Cent account spreads start at 1.5 pips and due to the availability of nano lots , you will be able to open positions for less than $1. Now, let’s see in detail what types of accounts LimeFx offers for trading.

These include an Orders Indicator, Pip Value Calculator, Pivots SR Levels, Spread Indicator, Market Data to CSV, and Day Bar Info Indicator. These trading signals rely on price-movement scenarios that have been designed thoroughly and carefully. LimeFx Trading Signals were developed by the ForexTime Head of Education.

LimeFx also delivers fast execution as transactions are executed immediately. This means that you do not have to worry about delays interfering with your ability to get the best prices. Many traders appreciate the ability to engage in both stock trading and stock CFD trading with ForexTime. With LimeFx, traders are able to trade a nice range of instruments.

Other educational resources from ForexTime include the forex glossary, an introduction to forex trading, forex trading for beginners, a demo account. When you use LimeFx Trading Signals, you can choose a strategy based on your trading style and risk profile. Thanks to the ability to use a protective stop-loss and choose profit levels, you can plan your trades. There is also the option to buy or sell as a way to boost profit potential. Additionally, LimeFx offers a quarterly market outlook so traders can stay ahead of the markets. This market outlook includes the potential movements within the forex and commodity markets in the coming months.

LimeFx Review & Rating 2023

Thought I’d let you know a few people are currently running a scam of giving people money of $1,500 in the us. One of them goes by lane Rhodes on Facebook thought I’d let you know. I’m afraid to open an account with LimeFx after reading a few bad review here. Hai sir this broker can I run ea arbitrage for news and withdraw. The main entity ForexTime Ltd is regulated by CySEC of Cyprus, authorized by FSCA of South Africa, and by additional offshore authority FSC in Mauritius. Also, the LimeFx UK brand is licensed by the Financial Conduct Authority known as sharp regulator, which has principals built by European MiFID and ICF allowing cross-broker activity.

Also, the trades by hour and trades for specific days of the week. The last two of these figures include profitable and unprofitable trades separately. Regardless of the type of account, NGN accounts are only offered for clients in Nigeria. The commissions charged by LimeFx vary based on account type. There is no commission on Standard Accounts, Cent Accounts, Shares Accounts, ECN Zero Accounts, or LimeFx Pro Accounts.

In addition, a trading dashboard with your balance, profit, and margin as well as the ability to open, close, or modify positions within a matter of seconds. The MT4 version includes support for 18 languages, one-click trading, an intuitive user interface, 9 timeframes, real-time quotes, comprehensive https://limefx.club/ account history. It also includes advanced analysis tools, real-time quotes in MarketWatch, and reliable data protection. In terms of MetaTrader 5, clients get access to Level II data and all execution modes. They also get an extensive range of order types and trading signals with MQL5.

A Forex News Timeline, as well as market analysis videos published by LimeFx. If you are not familiar with order types, readthis overview. You can use the basic order types.You will not find very sophisticated orders like the ‘one cancels the other’ order. Add the amount you wish to withdraw and the reason for your withdrawal. LimeFx account opening is easy and fully digital.The online application takes roughly minutes and our account was approved within one business day. You can’t open an account at LimeFx if you live in Finland.

Posted in Forex Trading.

Leave a Reply

Your email address will not be published. Required fields are marked *