LimeFxFX Broker Review Is This Forex Broker Legit or a Scam?
From our assessment, LimeFxFX emerges as a broker that proves itself to be reliable and conducive to traders, making it a viable option for consideration. The broker also provides detailed economic calendars and market insights, which keep traders informed about the latest financial news and upcoming economic events. This allows less experienced traders to learn from and imitate the trading strategies of successful traders. Therefore, it not only facilitates learning for beginners but also potentially enhances trading outcomes. LimeFxFX offers 24/7 customer support, primarily via live chat, with fast response times. Email support is also available, and the FAQ section answers many of the most common questions.
- Another fact of note is trading incentives, with more than $6,000,000 in payouts to date.
- LimeFxFX is one of the most famous brokers in the world and has won many awards for its very comfortable trading atmosphere and proximity with customers.
- This is indicative of a broker who has been in the industry for a long time as they have, and knows how to respond to the requirements of traders.
The first step is to enter your name, email address, and choose a password. Clients can also choose to log in with Facebook, Google, or Apple Accounts. The registered or entered email address will be used to register the account at LimeFxFX.
US inflation data ahead
LimeFxFX’s investment in establishing a proprietary copy trading service, which it also introduced as a mobile app, is a plus for LimeFxFX traders. Traders can also follow signal providers, which are called Master Traders by LimeFxFX. The flexibility of MT4 and MT5 accounts allows traders to choose their deposit amount and leverage, resulting in a more realistic demo experience. They’re perfect for testing EAs and fixing bugs for algorithmic traders. ???? A markup is applied to LimeFxFX’s variable spreads to compensate the broker’s service charge for arranging the deal. Depending on the financial instrument being traded and the market circumstances of the trading day, LimeFxFX will set its spreads.
- While LimeFxFX has improved its educational offering with webinars and live trading session recordings, its educational articles and videos suffer from a lack of variety.
- Trading platforms for desktop, mobile and web traders are available at LimeFx.
- LimeFxFX is a brokerage company offering trading services for clients
since
2011 with
offices in
Cyprus, St. Vincent & Grenadines and Nigeria.
The safety of your deposited funds largely depends on the regulatory compliance of the broker. The domain belongs to a group of companies called LimeFx Markets Incorporated which is registered with St. Vincent and Grenadines FSA. Currently, the company focuses on Asian, South African, and Australian markets. LimeFxFX.com does not accept European clients as this market is specifically appointed to LimeFxFX.eu (regulated by CySEC).
Exploring a Versatile Trading Platform – 4.5 / 5.0
Chair Powell and other Fed officials are scheduled to speak on Thursday. Additionally, market participants will pay attention to US data, including the weekly Jobless Claims and the Philly Fed. Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. An increasingly popular platform on LimeFxFX, MT5 has
been considered by many as a potential replacement for MT4.
Trading Platforms of LimeFxFX
For desktop devices, traders can trade on MT4 and MT5 web traders through their regular web browsers. Web traders are available in more than 20 languages and are highly customisable. https://limefx.vip/ Local bank transfers is the best method to deposit and withdraw at LimeFxFX in Nigeria. No commission is charged for any of the methods chosen for deposits and withdrawal.
All in all, the layout is good, though there can be more performance statistics included. LimeFxFX has floating spreads that fluctuate with market conditions. The one good thing about a floating spread over a fixed spread is that a floating spread is smaller than average most of the time. However, it can widen at market opening, during important news releases, during rollover, or periods of extreme volatility.
User Experience
LimeFx Markets Incorporated, the broker’s international entity, is based in St. Vincent and the Grenadines, where the regulator offers little to no protection. LimeFxFX offers over 50 payment methods, including Visa, Fasapay, Neteller, bitcoin, and a wide range of local bank transfers. ➡️ Traders can choose to deposit from a bank account, debit or credit card, e-wallet, or crypto wallet. Traders must note that the payment methods available to them will depend on their country of residence.
How to Open an Account at LimeFxFX?
It is also a rare broker fully compliant with Shariah law for Islamic traders. I cannot stress enough the difference this makes, especially over time. Here is a screenshot of LimeFxFX live quotes during the London-New York overlap session, the most liquid one, where traders usually get the lowest spreads. Scalping in the forex market involves trading currencies based on a set of real-time analysis. The purpose of scalping is to make a profit by buying or selling currencies and holding the position for a very short time and closing it for a small profit. Chart patterns are one of the most effective trading tools for a trader.
All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Becoming regulated in more jurisdictions – especially limefx forex broker in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers. While LimeFxFX has improved its educational offering with webinars and live trading session recordings, its educational articles and videos suffer from a lack of variety. LimeFxFX does have a proprietary app for social copy trading (the LimeFxFX Copytrading app), yet it still trails behind industry leaders such as IG and Saxo Bank.
Customers may also benefit from the greatest trading circumstances and programs that are fully customisable at this level, allowing them to maximize their total earnings. ➡️ Trade risk-free as many times as required to test scalping trading techniques and algorithms. The identity and address evidence of all new traders are confirmed by LimeFxFX’s comprehensive “Know Your Customer” (KYC) processes, assuring the security and authorization of all transactions. ???? LimeFxFX was established in 2011 and has been honoured with over 28 accolades to date. It is LimeFxFX’s goal to keep trading costs low, executing 97.5% of orders slip-free using STP (Straight Through Processing) and ECN models. LimeFxFX caters to most international traders, including resident India, Pakistan, Malaysia, Nigeria, Singapore, and Indonesia.
The pricing structure of both the account types is the same as the trading fee is built into spreads. The two account types are mainly separated on the basis of supported trading platforms. LimeFxFX presents traders with a competitively priced, commission-free pricing environment.
LimeFxFX users can fund their trading accounts using a variety of payment methods. Traditional methods such as bank transfer, credit card, or direct deposit are available in over 100 countries, and there’s also cryptocurrency and a variety of electronic payment methods. ???? MetaTrader 5 Web adds additional features and functions, along with offering a wider range of markets to Kenyan traders. Traders can access these WebTrader from the official LimeFxFX website where they can use their credentials to log in and start trading. ???? The foreign exchange market is full of opportunities for Kenyan investors, but it also carries a significant amount of risk. That is why traders are urged to create a risk-free Forex trial account before delving into live Forex trading.