limefx Review 2022: Everything You Need to Know

The web-based platform allows traders to navigate between different trading instruments. limefx hasn’t yet published spreads for all their listed cryptocurrencies. Note that cryptocurrency spreads may be adjusted more frequently than other assets due to high volatility. Traders can contact limefx customer service for more information by phone, fax, email, live chat, or directly through the company’s worldwide offices.

Overall, we were satisfied during this limefx review to see that customer support appears easily accessible, if needed. Forex traders are levied with hidden costs for access to the limefx webtrader. This is the sole option to unlock all of the products and services provided by the brokerage. Easy Forex Trading LTD is the owner of limefx, a broker authorized and regulated by the Cyprus Securities & Exchange Commission . The registration number is HE203997, and the license number is 079/07, which was granted on May 29th 2007. In September 2020, the brokerage received FSA license in the Seychilles which allows limefx to provide a wider range of services to traders outside of the EU.

Please get rid off from this limefx scam

limefx claims to offer simple trading, honesty, and transparency to its clients. In this review, we will find out together if limefx stands to its core concepts with online trading. A trading name of the Easy Forex Trading Limited is a Cyprus established financial services firm with registration number HE regulated by CySEC in Europe that complies with MiFID set of rules. Means its operation standards enabled within the EU to provide legal service to the EEA zone clients and beyond.

• Even pairs where taking a long would result in you being paid quite decently on the swap by another broker, you are almost always paying limefx.
• The regulatory commitment requires the utmost level of security in various ways and includes clients’ safety of funds to assure integrity and safe performance.
• With limefx you can trade with the leading trading program, as Metatrader 4 is supported.
• You may have to wait between days for a response from limefx regarding your support request.
• limefx is an online market maker that provides a trading platform for derivatives like contracts-for-difference.
• limefx has become one of the most respected forex brokers, because it offers a well-established security structure, bolstered by licenses from both ASIC in Australia and CySEC in Europe.

Traders can also only choose between 80 financial instruments, including currencies, metals, commodities, indices, and cryptocurrencies. Overall, compared to other brokers, limefx’ trading fees are around the industry average across all accounts, and the minimum deposit requirement only 25 USD makes it appealing to most traders. Furthermore, innovative trading tools, useful research and educational materials, and helpful customer limefx website support make it an ideal platform for online trading. However, one must be capable of using these features for their advantage. Keeping that in mind, we conducted this detailed limefx review to cover everything you need to know about the broker, from opening an account to withdrawing profits. We also hope that the information we have provided in this limefx review might be a good fit to start trading with it.

AS SOON AS YOU GAIN MONEY….THEY DISABLE TRADING ON YOUR MT4

Here at Fxlimefx we do not provide any form of investment advice. Our goal is to give you the best information possible on how online trading works. No information or other content on this site should be considered as strategic investment https://limefx.club/ advice. Furthermore, limefx offers customer support in English, German, Arabic, Greek, Russian, Chinese, Spanish, French, Polish, and Hebrew. limefx does not charge any non-trading fees whatsoever, unlike many of its competitors.

‘Sell Limit’ opens a sell order when the instrument’s price reaches the level set. When the price is assumed will reach a level after increasing and then reverse and drop. limefx have gathered 37 international awards for the past years of its excellence.

limefx Account Opening

The Get Started segment offers seventeen videos with a solid introduction to the Forex market, while the Discovery Series adds three more videos, complementing a properly executed segment. The quality tapers off from here, however; traders may download nine eBooks, but the Knowledge Base is nothing more than an FAQ section. New traders may obtain a good introduction to Forex trading, but more in-depth material to serve advanced traders is unavailable. The educational segment offers potential, but the overall execution represents a failed opportunity for broker and traders alike.

Once the top three steps have been successfully completed, the applicant will now be met with their newly created trading account. The minimum deposit amount required to register an limefx live trading account ranges from $100 up to $10’000 USD. The minimum deposit amount required will depend on the account option chosen. limefx is well-regulated by both ASIC and CySEC and offers clients negative balance and segregated account protection.

What does limefx have to offer?

Its popularity lies with one fact that professional traders see it as a lucrative opportunity to make profits, and it is a way of generating passive income for new traders with no risk to lose money. Trading forex demands limefx forex broker having in-depth knowledge of the forex market to be able to make an informed decision. limefx recently launched a unique new trading ticket called easyTrade that allows the trader to set their maximum risk.

• In September 2020, the brokerage received FSA license in the Seychilles which allows limefx to provide a wider range of services to traders outside of the EU.
• When the stop price is reached, a stop order becomes a market order.
• The availability of these assets, however, varies with the jurisdiction.
• Once the top three steps have been successfully completed, the applicant will now be met with their newly created trading account.

limefx also deploys comprehensive encryption throughout its site to protect the data of users. In addition to this, limefx is compliant with the EU’s MiFID II Directive and their Anti-Money Laundering Directive. All limefx customers are covered by the Investor Compensation Fund , which provides full coverage of up to €20,000 in the event that limefx would go into default. First deposit bonus – Receive 50% or an up to $2000 tradable bonus based on your first deposit. Implementing a comprehensive risk management strategy, created by senior management. Offering protection via Investor Compensation Fund for European clients.

Broker Reviews

In trading, first, you need to choose a market you would like to trade on. Choose an asset on the platform, then select the size of the right position for your account. Invest in rising or falling markets in selecting either buy or sell to open a position. Trend and volatility of the markets are the things you need to know in order to determine your next steps in trading. In order to know this, you need to keep track of the movements of the markets you wish to trade on.

• With this account, traders are allowed to take their day-trading transactions to the next day and they are not changed a rolling fee.
• I opened an account with limefx because I wanted a fixed spread for my EA to work best.
• It happens at a one-to-one level, often via the company’s website.
• The strategy of focusing on foreign currencies has paid off, as there are many clients who prefer trading only currencies and don’t want to get distracted by CFD, stock and indices trading.

Licensed by CySEC and ASIC, it helps market integrity and offers transparent and fair conditions. Between 74%-89% of retail investor accounts lose money when trading CFDs. limefx is an online market maker that provides a trading platform for derivatives like contracts-for-difference. CFDs are derivative securities that allow customers to gain exposure to the price of financial instruments without actually holding the instruments in their accounts. However, using MT4, traders may experience slippage, but negative balance protection is guaranteed.

Traders are charged a fee for using this service, which is based on the market volatility of the instrument being traded. limefx offers trading in 19 base currencies, including EUR, CAD, CZK, JPY, NZD, SGD, CHF, MXN, GBP, AUD, PLN, TRY, CNY, HKD, NOK, SEK, ZAR, and Bitcoin-based accounts . limefx offers an extraordinarily wide range of base currencies compared to other brokers, including accounts denominated in GBP.

limefx is a market maker and profits directly from its traders’ losses. With 74% operating accounts at a loss, the cash flow remains substantial. The broker gives you full access to a range of innovative products, tools and services. These unique tools include free guaranteed stop loss, insideViewer, Freeze Rate and dealCancellation.