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There are a lot of brokers out there operating under fake company names or that have other fraudulent operations. A little bit of preliminary research can go a long way in protecting you and your finances. The first step to protecting yourself from fraudulent parties online is to do thorough due diligence on the companies and entities that you are planning to send the funds to. In all probability, there have been other users who have already used the same service, and have expressed their opinions and feedback online on various forums. To fund the account and start real trading you will be having a choice to choose from USD, EUR or GBP currencies, while to process with funding you can select few payment methods a bank wire, Visa/ Master Card and Skrill. Used for several years now, Account works as advertised with good spreads and low slippage.
Whilst trading forex is becoming ever more popular with improved access to trading platforms and brokers via mobile technology, it should be pointed out that the market is complex and highly speculative. It is therefore important for LimeFX USA account holders to ensure they have a firm grasp of how forex trading works before committing funds. In conclusion, LimeFX is a great choice for experienced traders who are looking for a reliable and user-friendly platform. The company offers a wide range of features and tools, as well as competitive spreads and excellent customer support.
Company
In addition, LimeFX develops a range of solutions for various trading purposes including liquidity providing and institutional trading, as well vast opportunities for professional traders. Tools to manage multiple trading through MAM accounts that are bringing custom software solutions. A demo account is an account funded with virtual money that allows for risk-free trading while a live trading account requires actual capital. The broker offers forex trading on technology STP and ECN and the possibility of investing with the help of PAMM-accounts. The pricing for LimeFX’ UK-based trades varies slightly from that of their US counterparts, with commission costing USD 6 per lot and spreads hovering around 0.3 pips on average .
- LimeFX offers 38 currency pairs, 11 CFD instruments, and 5 Cyrptos for your personal LimeFX and trading options.
- The company charges just $0.10 per share for stock trades, and there is no commission for options trades.
- In addition to MetaTrader 4, MetaTrader 4 Mobile platforms, LimeFX.com offers proprietary MT Pro software for MetaTrader to enhance traders’ MetaTrader 4.
The average spread for silver is listed as 0.07 and gold at 0.09 which is reasonably low and evens out the fees paid in commission. LimeFX provides a good forex trading service with a competitive fee structure. If you are committed to learning about the intricacies of the market, then trading forex can be very profitable.
Also, new traders or those who want to see LimeFX performance with no risks can benefit from the trial trades through Demo-Account. The 20-day free demonstration of platforms with a simulated 100,000$ is available to all. No, LimeFX is not a scam is a company established in UK and authorized by the world respected regulatory body Financial Conduct Authority. While, the FCA regulations protect customers https://limefx.group/ while conducting the brokers to follow strict rules of operation, education, execution and provide safety of the clients’ funds. Any trader signed with a FCA regulated broker can be assured broker operates in full compliance with high standards and can be trusted. LimeFX is a brokerage firm that provides an online trading solution with the vision that the trading should be transparent at all times.
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There is little question over its legitimacy, as it is backed by some of the world’s leading regulatory bodies for financial markets and it has a pretty solid reputation dating back to 2005. The website itself is easy to navigate and ATC users the industry-leading MT4 trading platform, which offers traders everything they need to hit the markets. limefx website LimeFX is a UK-based online LimeFX platform that offers trading in forex. LimeFX came to the online brokerage scene fairly early, being founded in 2005 and quick to embrace the latest technologies. The platform has a global reach, accepting clients from around the world, but it is undoubtedly most popular in the UK and the USA.
I decided to go with LimeFX in 2016 after MB trading closed its services for NZ customers. Having seen the wild west of FX brokers in the yesteryears, I had done days of research and testing back then. (Scalping, no dealing desk, fair commissions, separation of client funds, etc.) and scored all the key brokers, before opening 3 accounts with ATC. The sleek and clean interface of the MT4 platform makes it an attractive choice for traders, new or experienced. It’s not overwhelming with clutter like other platforms may be which helps novice users feel at ease when they start out on this exciting journey into financial markets.
In order to stay in business and provide safer trading environments, regulatory authorities will require that brokerage firms comply with a variety of rules. These are determined by the jurisdiction’s laws or policies on financial transactions, this includes everything from licensing requirements all over again. The best way to ensure you’re dealing with a reputable online agent is by checking their regulatory status. All LimeFX’ employees are subject to rigorous background checks, which means that if something goes wrong they’ll be able take necessary action before your transactions get tarnished too.
Unable to withdraw
Please come back often as broker services are very dynamic and can improve or deteriorate rapidly. One of the best platforms, plenty of willingness to serve/assist the client and professionalism in general, as it suppose to be with a USA Compny. DO NOT USE THIS BROKER, They block accounts when you withdraw full balance.
LimeFX after detection of profitable trader rejected to open the real account. This broker is just waste of time they love just unprofitable traders. The withdrawal fee for USD currency is a low US$40, but card withdrawals have no fees at all. MT4 offers a variety of features designed to improve your trading experience and allow you more control over how it works. With the Pro version, this is done by providing useful reports that let people know what they should do with their LimeFXs.
I am happy to say that, as I tried to find my trading niche, I have done all types of trading with ATC. I have had no problems with execution and customer service is prompt, professional and clear. My only peeve is that there is no-use penalty if your account stays dormant for over 3 months. I don’t think this should be the case as they still make interest out of my accounts. You can get around this by ensuring you make at least one trade within that period.
MT4s are also highly customizable, which makes the platform good for both novice traders and seasoned pros. At its most comprehensive, the central window can offer hundreds of metrics for those who prioritize technical analysis. Alternatively, newbie traders who might be confused by the more complex statistics can strip the charting down to the bare essentials. The minimum required deposit for LimeFX is 5,000 USD or the equivalent amount in GBP or EUR. Indeed the amount is quite high, but considering a great trading opportunity might be a good option for active traders. See below the comparison table with a typical ATC Broker Spread, which is low and very competitive spread among the industry offering, as well for better comparison check out spread of another popular broker LimeFX.
WikiFX Verification
They can also be a good way of hedging for the more savvy investor, as traditionally precious metals are seen as a ‘safe bet’ against inflation and economic as well as political uncertainty. MT4 has also been optimized for mobile devices and the app can be downloaded on IOS and Android devices. The mobile offering provides seamless trade-execution on the go with a good selection of charting and indicators. Whilst it might not quite have the functionality of the desktop version, MT4 mobile is head and shoulders above many of its competitors when it comes to trading on the move.
Given that there are many platforms out there offering commission-free trading, some would-be traders might be put off by LimeFX set charges. However, whilst ‘commission-free’ may sound more appealing, it should be noted that other platforms will recover their costs through larger spreads. Because LimeFX have a set fee, as well as operating on aN ECN basis, the platform offers much lower spreads than its non-fee charging competitors. These spreads average between 0.3 – 0.5 pips on major currency pairs . Adjusted to include the commission fee, these numbers are equivalent to 1.3 – 1.5 pips, which puts LimeFX more or less in the middle of the pile when it comes to forex fees.
WARNING! A serious issue pointed out by professional traders worldwide!
It required 10% margin because my account information was wrong. It rejected my withdrawal for many reasons and told me to pay yuan for additional fee. We use dedicated people and clever technology to safeguard our platform. I have been trading there since 2014, and i have not needed any other broker.
With this information, it is safe to say that LimeFX has taken all necessary precautions in order for their brokerages and accounts be secure. LimeFX is a reliable forex broker that has been in business since 2005. They are headquartered in the US and are a member of the NFA and the CFTC. Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs.
Alex is great and gives me the best services, I enjoy having the relationship and have recommended a few of my friends to trade with them. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. ACTBrokers introduces a variable minimum initial balance to open an account based on the branches.
In this review, we will deep dive into brokers’ fees, regulations, trust, trading platform, and support. Trading metals is fairly straightforward and is done in a similar way to forex. Once inside the trading platform you can use the ‘Market’ tab to view the metals options. Once you have made your order choices, you then click on the ‘New Order’ tab and input the relevant details. LimeFX USA is regulated by the National Futures Association, which was set up to oversee the derivatives markets and offer protection to investors.