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The News section offers beneficial services such as Webinars, Non-Farm Payroll and Reviews to help clients for higher success rate. There is a detailed page with Frequently Asked Questions with answers to almost all possible issues that the traders can encounter. If the traders still wish to get some queries answered, they can get in touch with the support team that is multilingual and is available at all times. That is, the customer executives at LimeFX are available 24/7 over the phone, live chat as well as email service.
Currency trading has many elements for a trader to get used to, including the forex trading platform, key market events and dates, the use of leverage and automation. Each forex broker differs in their quality of training and the level that training courses are aimed. Founded in Warsaw, Poland in 2002 under the name X-Trade and later changed to XTB, this CFD broker is one of the largest stock exchange-listed brokers.
- This is further supported by the abnormally high loss rate listed at over 81.65%; other brokers range between 65% and 75%.
- An Asset Index is published which lists all assets with the minimum spread offered, but it is worth noting that actual spreads are likely to be higher than listed.
- The presentation of the MT4 trading platform constitutes another critical failure that sums up what LimeFX has presented consistently.
- LimeFX does offer its own research, or at the very least it attempts to do so; the same applies to its academy center where new traders are invited to “Start Learn” if they have access to it.
- This broker offers good choice of platforms as well as awesome choice of trading accounts.
- Forex brokers which do not provide research tools are usually geared towards seasoned and professional traders, who will rely more on the broker’s analytics offering to execute trades.
And that’s true even though there are no promotions on the platform. When it comes to actually trading with Global.LimeFX, the broker lets you access the world’s most widespread and the most awarded piece of technology – MetaTrader 4. Global.LimeFX MT4 was one of the first platforms that were launched for the web platform. In addition, Global.LimeFX is a broker that lets you trade Forex on your Mac in a native way. This is a strongly limited feature as most of the brokers do not offer a native app.
For example, traders expect that spreads and leverage offered by their broker are legit and nothing hides beneath them. LimeFX came third based on their online videos and the availability of a dedicated account manager who can assist with training forex traders. Smart trading tools also provide training and market information within the MT4 trading platform.
Assets With LimeFX Broker
Therefore, the exercise of LimeFX LimeFX activities and the operation of regulated markets is in accordance with the rules of MiFID in the European Union, which has the right to cross-border services. LimeFX operates through two main locations and entities which fall under the particular registrations and regulations. Hoch Capital Ltd is regulated by the Cyprus Securities and Exchange Commission while is governed by necessary regulatory requirements under for the provision of LimeFX services within EEA zone and beyond. As such they may not directly correspond to real-time market levels at the point in time at which the sale of options occurs, according to research.
LimeFX is a market maker and generates most of its income from losses of its clients where this broker acts as their counterparty. Spreads, the difference between the bid and ask prices, limefx website also provide this broker with income. For those who have yet to get to grips with the MT4 platform, it is worth checking out the broker’s selection of videos on the subject.
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Besides lots of currency pair, LimeFX also offers some instruments you would like to trade on, such as Forex, Gold & silver, Stocks, Indexes and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose. The Webtrader platform can be accessed directly from any web browser while the Metatrader 4 needs to be installed on a PC.
Many major credit and debit cards are accepted, but not all of them. If you want to use anything that is not operated by Visa or Mastercard, then you will be disappointed. You also need to put in at least $/€/£250, so you have to be confident that this is the right approach for you before getting into it. If you are still unsure, then this is an ideal time to test out LimeFX’s demo account. LimeFX is active with its social media channels, which helps to boost its online presence, and some online reviews suggest that you can reach members of staff within five minutes in a lot of cases.
This way we can understand that this broker is open to receive criticism on its services, while its core task is to design outstanding value for the traders. Live Chat is available plus Global.LimeFX operators are ready to sort out your doubts via phone and email. When it comes to deposits, the broker has a minimum deposit requirement of $250.
This difference between the bid and ask prices is called spread and it is used to fund the broker’s platform. When it comes to the bonuses or other promotions, unfortunately, we weren’t able to find anything of that sort on the website. Several factors should be considered when selecting the top forex broker to suit your currency trading needs. Traders with a market manager can access features including making trades with a set percentage of equity by balance order limits. Trade information can also be monitored, including floating profit and loss. It’s widely accepted that the analytical functions with the strength of MT4.
- The most beneficial feature of MT4 remains the intensive support of automated trading solutions, but the superior ones come at a price.
- CySEC claimed that the brokers did not appear to act honestly, fairly, and professionally when providing LimeFX services to clients.
- Global.LimeFX withdrawals and deposits are powered by both traditional and alternative financial platforms.
Global LimeFX is clearly a stock broker with financial backing and the ability to create great leverage and spread opportunities for its clients. Its general offer cannot be doubted, but where it appears to fall down is its website, layout and content. It does not make it as clear as many other broker sites do in terms of what is available, and there are simply too many vague statements when it comes to what you can trade with. Their clients can use reliable educational materials like V.O.D, Tutorials, Articles, eBooks and Courses to improve their trading skills and knowledge.
If I couldn’t understand something their support team helped me every-time. LimeFX has gained a reputation for success, leading to a stable base of worldwide users who make hundreds of thousands trades every month. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations. The support managers are really good and I appreciate all the care and attentiveness they give.
Does LimeFX Have a License?
You can decide for yourself if LimeFX is a good broker for you or not by reviewing the criteria. In general, LimeFX provides trading service in Forex , Gold & silver , Stocks , Indexes and Cryptocurrencies . As for the payment methods, you can choose between Credit/debit cards, iDEAL, Neteller, QIWI, Skrill, WebMoney, Wire transfer and Yandex.Money. The customer support is available via Email, Office, Phone and Web form. The data included on Top8forexbrokers.com is not always published in real-time and/or necessarily accurate and do not always reflect the views of Top8forexbrokers.com owners, employees and/or content contributors.
- Hoch Capital LTD maintains its website, light on information, and nothing on the company’s website made us feel confident in the broker’s abilities.
- LimeFX is operated by Bayline Trading Limited, which is regulated by International Financial Services Commission .
- Forex analysis is used by retail forex day traders to determine to buy or sell decisions on currency pairs.
- To start with, this review of Global LimeFX has found that the broker has made a great deal of effort to keep up with what is going on in the industry.
- There may be unlisted requirements for the account upgrade from Silver to Gold, and from Gold to Platinum, but they should be communicated.
But what is the best way of using it, and what pitfalls should you avoid. This could be for a number of reasons, granted, but the implication of the broker not having won a single award suggests that it does not have a record that it can be proud of. Of course, it could simply be that the broker has won awards in the past but none recently, and has decided to focus on improving its current output.
LimeFX Review (
LimeFX is an online broker offering their clients trading on CFDs and forex. At one time, the firm had registration with the Cyprus regulatory body CySEC, but CySEC has now suspended them. The broker has faced many allegations of presenting a misleading picture of CFD investing to new traders.
There are many technical indicators and a slew of advanced trading options. LimeFX also offers the use of a virtual private server to traders, increasing security when trading forex. LimeFX strength as a social trading platform is helped not only by excellent tools but the size of its trading community, which means access to a large knowledge base for social success. Established in Tel Aviv, Israel, LimeFX has offices in Cyprus, the UK and Australia.
The broker takes payments in multiple currencies, including USD, GBP, and also EUR, despite not having the authorization to provide services in the countries that use those currencies. Traders can fund their accounts through credit and debit cards, bank wire transfers. This broker doesn’t accept any of the popular e-wallets that many traders use. The reception of this app has been mostly hostile, with most reviews criticizing the lack of features. Our review found the app to be far too simple for most traders, placing too high a priority on ease of use over practical trading functionality.
Once you are sure that a company is trusted, the next logical step is to take a look at its offer and trading conditions. With Global.LimeFX, things are far less suspicious and more straightforward. For one thing, the company that manages Global.LimeFX, Bayline Trading Limited, is registered in Belize and regulated by the country’s Internacional Financial Service Commission .
Our brokerage comparison found that Fusion Market’s market-leading commissions (most of which were 50% lower than other brokers) made them the cheapest worldwide. LimeFX offers ECN pricing, which is why they are able to offer some of the lowest spreads for many currency pairs. Not only does LimeFX have tight spreads, but the broker also has low https://limefx.biz/ commission costs for most base currencies including the GBP, USD, EUR and AUD. LimeFX is a great choice for experienced forex traders as it uses STP technology to connect traders with liquidity providers and offers low commissions. With over 20 years of investing experience and 10 years of trading, Justin co-founded Compare Forex Brokers in 2014.
