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Trading accounts can be set up with as little as $200, which comparatively is extremely affordable. Customers also are quite fond of the multitude of payment options and fast payouts, citing very few issues or difficulties. LimeFX, being a market maker, offers guaranteed take profits and stop losses, which are not available with direct market access trading. ECN and STP accounts cannot guarantee that an order will be filled at an exact market price, since market conditions, volatility, and the volumes in the market determine the outcome of a trade.
We do not provide LimeFX advice and the bonuses or promotions offered by brokers are listed for comparative purposes only. Please read our Terms and Conditions and Privacy Policy for more information, and NFA’s Forex Investor Alert. LimeFX offers over 200 products to trade on desktop, mobile, and all other responsive devices — it is an established broker regulated by FSA, CySec, ASIC, and BVI. Whether LimeFX is a “good” broker or not will depend on the trader’s individual needs. LimeFX used to have a 7-day limit on their demo accounts. However, live account holders have access to an unlimited demo.
LimeFX Review : Customer Service
This LimeFX review breaks down each of the relevant non-trading charges for you in detail. In the following table we take the main parts of any professional online brokerage and compare LimeFX with freetrade, and PUPRIME. These benefits are what sets LimeFX apart from all other online brokers. You need to check all the benefits listed so that you have a better comprehension of LimeFX.
During our review, we found two primary trading platforms that work for desktop and web platforms, as well as one mobile trading app for both iOS and Android smartphones. Another important segment to tackle in our review is going to be the platforms that facilitate trading at LimeFX. We always give this section proper regard because if the software doesn’t keep up with complex trading features, it’ll quickly deteriorate the entire trading experience.
- GiroPay can be used by Germans, iDeal is accepted by Dutch clients while Sofort can be used by clients from Germany, Austria, Belgium, Netherlands, and UK.
- Just like the web version, traders can view and analyze charts on 11 timeframes and also use over 70 technical indicators.
- Read on to find out exactly what assets are available to traders on LimeFX.
- There are a variety of technical indicators and tools available, 51 in all.
- On our platform, we provide fixed spreads which never change regardless the market volatility and you always know the spread you are paying before opening a deal.
Overall, LimeFX is a safe, trustworthy platform that has something to offer beginner and veteran traders alike. The minimum deposit amount is, unfortunately, on the higher end of the spectrum. This applies no matter what method or account you are signing up for.
Can you trade metals with LimeFX?
If you want to register at LimeFX, you first need to press the “Start Here” button at the top-right corner. There, you have to fill in the most basic details about your future account, such as your email, preferred password, and a phone number. Alternatively, you https://limefx.group/ can also create an account by linking it to your Google or Facebook account, which is an additional advantage. Refer a Friend – Have friends who also want to get into the world of trading? Refer them to LimeFX and earn a buck or two – it’s as easy as that.
These few seconds can make a significant difference in a market as volatile as Forex. Before you trade, you set the maximum amount you are comfortable risking. What these licenses ensure is that your money is protected with some of the most sophisticated fund protection mechanisms, be it negative balance protection, account segregation, etc. Therefore, it’s pretty safe to say that LimeFX is far from a scam.
It is specially offered while the industry volatility prevents clients from letting their accounts go into the red. In a situation like this, LimeFX provides the ability to reset a clients account balance to zero. Yes, trading via LimeFX is a nice and decent experience indeed. It is a great and intuitive platform with helpful features for your ease. Moreover, you could even obtain access to a vast collection of educational tools and assistive substance to kickstart your trading expertise. For additional trading platforms, the inactivity fee depends upon the type of account you have chosen.
LimeFX Reviews and Comments
Set the lowest price that you are comfortable with and set stop-loss to close your deal when it is reached. A great risk management tool, offered to you at no additional charge. We never adjust our trading conditions in response to market volatility. Fixed spreads and no slippage on our web platform means you know your costs before trading. We are regulated by both CySEC in Europe and ASIC in the Asian Pacific Region.
- Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds.
- Next up, it’s time to move on to the next chapter of our LimeFX broker review, which is the available payment methods for deposits and withdrawals.
- Unfortunately, today I received a call from them telling me that they are no longer able to serve my area due to local regulatory changes.
- After the company background, it’s time to move to more significant aspects of our review, starting with LimeFX’ regulation.
- This problem is completely overshadowed by an excessive amount of reviews praising EM for their service and because not many people notice this issue.
- There are primarily three types of penalties for this objective.
He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. The choice of the platform limefx forex broker goes to an award-winning LimeFX intuitive platform based on Web, thus, does not require installation while is adjusted to the computer’s system. Equipped with a suite of comprehensive tools to support trading along with the tailored by the LimeFX powerful trading conditions it is a good option to trade.
What Can You Trade With LimeFX in 2022?
The fastest way to contact LimeFX is definitely via live chat or social media messengers. Yet if you want a more personalized interaction, you should probably go for an email support, or even the international support with face-to-face interaction. Live chat is one of the most popular ways of contacting the support team for the majority of brokers. This communication allows for faster responses that are still very thorough and helpful. When you start trading on virtually any market, you should always expect to get very rapid changes in asset prices. In fact, these changes are so quick that from the moment you press the button to when it actually opens, the price can change significantly and go against your original position.
I’ve spoken to them on many occasions and they helped me every time. My account manager was also great, very kind and professional, and promptly resolved issues when they arose. In this sense, this brokerage one of the best, and that’s another reason I might recommend it to a beginner. LimeFX was my first foray into forex and trading in general.
Wrong judgment, initially, can set your LimeFXs in danger. Good on freezing price quote, but the spread is too wide The platform is not comfortable for me. . If you’re still going to work with EM, the best thing you could do is ask any support member about all these negative ‘features’ to see if they’re as bad as they say.
- This refers to the operational features which actually enable optimal trading.
- Besides some of the most impressive trading offerings, it’s worth noting that the conditions for using LimeFX’ platform are also very beneficial.
- MetaTrader 4 is one of the main trading platforms we found during our review of LimeFX Forex broker.
- The Freeze Rate feature allows traders to freeze the displayed price for a few seconds, in theory to allow for the entry of trades.
- The financial calendar shows potential market moving events with a red indicator under volatility; the data can be filtered for relevancy for each trader.
- The broker has been operating on the market for almost 20 years now, and during that time, it has garnered a lot of fame and acclaim.
So many times I tried to close a position and I got an error message which cost me money. I closed my account today and gave specific instructions as to where the refund should be made and that if that was not going to be followed to notify me immediately. Failure to comply with my specific requirements has cost me a bunch of money. As we understand, you were not aware that these actions were breaching the Client Agreement which you accepted on March 3rd 2020.
As of 2016, the broker rebranded from easyForex to LimeFX. During the course of this rebranding, they also expanded their product range beyond only forex trading, and now offer an extensive range of more than 200 trading instruments. This makes them one of the longest serving brokers within the retail forex sector offering online services. The broker is regulated internationally by both ASIC, and CySEC.
Customer support at LimeFX
With no fees applicable to any of these methods, the key factors of which method comes down to convenience for the forex trader and the deposit processing times that vary considerably. CySEC has low leverage because they want to protect retail clients as leverage can increase the risk of losing money. Low leverage means less money will be lost if forex movements are unfavourable. The flip side is, leverage be very profitable if currency movement goes in your favour. Guaranteed stops provide a ‘safety net’ in extreme situations when currency movements can be dramatic.
LimeFX fails to provide this information on their website, but as a CySEC regulated broker, a margin call is likely to be issued at a 50% equity-margin ratio. The financial calendar shows potential market moving events with a red indicator under volatility; the data can be filtered for relevancy for each trader. The commodity market presents traders with another substantial limefx broker reviews diversification opportunity. Over 200 assets across six LimeFX classes are accessible at LimeFX; specifically, Forex, metals and commodities, equity CFDs, index CFDs, and cryptocurrencies. As part of our annual review process, all brokers had the opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy.
Unfortunately, all bonuses do have a variety of trading terms and conditions, which may impose severe restrictions on your trading capital. LimeFX won’t give me the 50% bonus they previously offered me. They’re negotiating for only 10% after depositing funds into my trading account, to which I said no! Made a withdrawal request last week, until now no confirmation email from their finance department. It’s been very disappointing – this broker has been known as a market leader, but they’re behaving differently recently. It supports over 142,500+ registered users and over 19 years of experience on its own record.