LimeFX has also been into sponsorships of athletes, professionals, and sports tournaments. Since 2005, the LimeFX charitable fund has been providing support to orphans, children with chronic diseases as well as poverty-stricken families. So far, hundreds of children have been assisted with funds for medical treatment and thousands of families have been supported limefx scammers to help defeat poverty. I really appreciate it when a broker goes above and beyond for their social responsibilities. Overall, we found LimeFX to be a reasonable and transparent broker that has low spreads with an attractive array of assets to trade (apart from their equity assets). Finally, the lack of a regulatory licence is disconcerting for us.
- LimeFX also offers a demo account that you can use to practice and become familiar with their platform.
- The ‘LimeFX invest’ app is an Android and iOS app that was designed by LimeFX to help investors to manage their investment portfolios.
- Be mindful of these charges, impacting your overall LimeFX trading profitability.
- The MT4 and MT5 platforms provided by LimeFX come with the Autochartist already installed in the platforms.
- The brand was established in Russia in 1998 but has expanded its operations to a global reach.
You can run the plugin simultaneously across a range of different markets as well. The videos are also a nice touch as they can be run in background when you are conducting your analysis. Some of them were a https://limefx.group/ bit difficult to understand on account of the accent of the presenter which is slightly unfortunate. You can think of this as a trading loyalty program where you are rewarded for the volumes that you trade.
LimeFX UK currency broker folds over Swiss franc turmoil
It’s important to note that LimeFX requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps LimeFX maintain a trustworthy financial environment for its 10,000 users. Detailed information on the LimeFX trading platforms is available on their website. MT5 on LimeFX provides the convenience of using automated trading systems and copy trading, giving LimeFX traders competitive research tools in the financial markets.
- For example, social and copy trading, advanced charting and indicator options and many more.
- If LimeFX wants to continue providing the best service then they need to reconsider this.
- While the tools above will help inform your trading on a fundamental level, LimeFX also has tools that will help you from a technical analysis perspective.
- You can check out Admirals for a better variety of educational resources.
The broker space is highly competitive and nearly all brokers these days will make these free. If LimeFX wants to continue providing the best service then they need to reconsider this. In terms of the research coverage, there appears to be way more focus on the Russian speaking geographies than there is on English speaking geos. They need to beef up their trading analysis and videos to tap this group of traders. Autochartist is one of the most effective technical analysis web applications and MT5 plugins.
Support
Even though accounts differ in many aspects, from spreads, leverage, margin call and more, they are very transparent. As a result, you have many clients non-satisfied with the services of LimeFX broker. Therefore, you can expect some potential issues with withdrawals, as mentioned in LimeFX reviews. LimeFX UK now is under the Special Administration Regime according to the UK law.
It has, moreover, already been sanctioned by the institution a few years ago for not having established an adequate system against money laundering. This sanction did not, however, put the broker out of the running. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker.
Of course, to manage the risk on the platform, LimeFX will adjust the leverage limits based on the size of the position that you take on. Below is a table with these max leverage numbers on major forex pairs. Leverage levels appear quite reasonable but are really quite substandard for cryptocurrency at only 2x leverage. If you wanted to trade crypto with more leverage then you could consider the likes of Prime XBT. When you trade at LimeFX, you are trading on margin and with high degrees of leverage.
What are the funding methods for LimeFX?
With the LimeFX MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market. To better understand the LimeFX trading platform, you can create two separate accounts – one with real money and the other a LimeFX demo account. A LimeFX demo account provides a risk-free environment for experimenting with the LimeFX platform’s features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in LimeFX trading decisions. From our experience, LimeFX International is safe, reliable, and properly regulated. A free demo account allows traders to familiarize themselves with the trading platform of the Forex Broker and to test it with all the features thoroughly.
They are a self regulating and external dispute resolution (EDR) body. Despite their reach, there are some countries that LimeFX cannot accept clients from. These include the likes of the United States, Iran and Canada. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. A market maker speeds up trading as a market maker will purchase or sell your stocks and commodities even if a buyer or seller is not lined up. Withdrawing money from LimeFX processing time varies depending on the method but averages 1-5 days.
Часто задаваемые вопросы: Наиболее часто задаваемые вопросы о LimeFX:
LimeFX MetaTrader 5 allows traders to look at market statistics of financial instruments traded in the market execution mode. However, if you’re looking for a broker that does offer cTrader, you can explore other options available through the provided link. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the LimeFX trading instruments available and the regulations governing them based on your account holder, location, and chosen platform. However, it’s important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD.
Регулирование брокера: регулируется ли LimeFX International?
LimeFX UK is the first big forex broker to fall victim to the Swiss National Bank’s shock decision. LimeFX is overseen by the top tier financial regulators Financial Services Authority (FSA) Saint Vincent and the Grenadines so can be considered a good broker. Throughout our comprehensive LimeFX review, we have covered a lot of ground and provided an limefx reviews in-depth analysis of the platform’s features and functionality. After extensive research over several years, we have compiled a list of the most effective LimeFX alternatives available today. If you are unsatisfied with LimeFX or want to explore other options, we recommend checking out our carefully curated list of highly-rated LimeFX alternatives.
A fixed bonus like other Forex Brokers is not available at LimeFX. Also, it is possible to get a free bonus if you refer a friend to LimeFX. Please inform yourself about the actual promotions on the LimeFX homepage. The pro account, on the other hand, gives you unrestricted access to all trading products and features but requires an account size of at least $ 10,000. It’sIt’s best to think in advance about what you expect from your LimeFX account and what you can do with it. Rates, terms, products and services on third-party websites are subject to change without notice.
Opinions, market data, and recommendations are subject to change at any time. LimeFX is a great Forex broker that has been on the market since 1998. The minimum deposit is small and there are more than 250 assets. Another appreciation must be made of the tools made available by LimeFX, perhaps among the most useful that can be had. If you stop trading for more than 6 months or more, LimeFX International will charge an inactivity fee of $/€/£ 5.
