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With the recent volatility in the Forex markets, traders are now very much aware of the importance of only trading with a licensed and regulated Forex broker. Being able to access your funds, and fund your account with an limefx website initial deposit through a bank account with no complication is another core of options trading. And while choosing a broker you should consider that point too, so here there are also good options offered by LimeFX.

• As well, the platform allows the management of multiple MT4 accounts or switches between demo, real and variable spreads accounts.
• My tip is to choose a variable spread account because that’s the way you come from my experience in most cases cheaper way.
• These fake celebrity ads have run on news websites since 2018 and have taken the money of many Australians.
• They asked me to deposit 2000€ to pay for their services.

Many of these reviews rank them as Number 1, with very low price spreads and an efficient withdrawal system, which, as far as I can tell, are exactly opposite to reality. Who directed me to trade99, worked in another, which is where I had an account. Today, November 27, 2020, they both stopped working at the platform where I met them, they changed jobs, guess to which one.

LimeFX Minimum deposit

The MetaTrader is clearly one of the best trading platforms. We recommend using version 5 because it has more functions and is more user-friendly. The broker offers anything you need for trading successfully on the markets.

Quick service to verify the accounts and transfer the funds with Alev . With the apparent lack of volume discounts, some advanced features, and not a very large amount of assets on offer, some advanced users might not find it suitable for their needs. Overall, if you are a beginner looking to trade CFDs of various assets , LimeFX is one of the better platforms out there to fulfill your needs.

Not only that, but they also charge a percentage fee on all withdrawals, which is only disclosed in the fine print of their contract. One of the most popular aspects of this broker is the wide selection of automated trading solutions they offer. They offer a new trading app called AvaSocial, and they are integrated with external signal providers like DupliTrade, MQL5 Signals and ZuluTrade. As well, the platform allows the management of multiple MT4 accounts or switches between demo, real and variable spreads accounts. We learned that the broker offers also ZuluTrade which is one of the most popular auto-trading software.

They provide 16 hours of training in digital format and cover the psychological and technical aspects of trading. The course teaches you the ins and outs of trading as well as how to analyze platform data. LimeFX also provides a private telegram group for members. While the company claims https://limefx.biz/ to be authorized across five continents, it’s not authorized by reputable bodies such as the Financial Conduct Authority in the UK. In addition, it does not accept clients from the U.S. yet it’s a multinational organization. Non-disclosure is illegal and also misleading to investors.

It is difficult to find the price of certain products on their website because the information is so hard to find, and they don’t offer as many research tools and data as you can find on sites like LimeFX. Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Opinions, market data, and recommendations are subject to change at any time.

Unusually High Leverage

There is also what is known as an overnight fee that is charged when a position is opened for longer than a day. However, there are no signs of any withdrawal fees, which are a plus for a brokerage firm. LimeFX provides a variety of tools for traders to use. With this software, you can place market orders and enter limit and stop-loss orders, as well as trailing stops. The trading platform is user-friendly and offers many features. The system lets you enter your orders and monitor your positions.

There are different payment methods available but I have to mention that the payment methods always depend on your country of residence. AvaOptions platform to manage riskYou can use the platform via your desktop computer or mobile device. The software offers to have flexible control over all orders you chose. My tip is to choose a variable spread account because that’s the way you come from my experience in most cases cheaper way. Spreads can only fluctuate to strong news or high volatility.

Review of the LimeFX trading conditions

As it was steadily and surely grown over the years, LimeFX now works with over 200,000 clients worldwide and deals with around 250 financial trading instruments being traded more than 2 million times. It is a critically acclaimed broker famed for its limited but flexible account type selection but excellent services and trading solutions regardless of knowledge and experience. The last point we have to check in this review is the support and service for traders. It is important to get reliable support for financial LimeFXs.

Forex and CFD are trading with leveraged financial products. The broker will automatically stop you out by a margin limit.Your account balance will not become negative. LimeFX is an international company and is more than 6 times regulated. LimeFX seems to us like a very serious online broker, because of the regulation and the sponsorship of Manchester City. State-of-The-Art Trading PlatformsLimeFX provides multiple platforms including MT4, MT5, DupliTrade, WebTrader, AvaOptions and the LimeFXGO mobile app – there’s something for everyone.

In the case of a regulated forex broker, fraud cannot happen. Forex scams come in many types and varieties, and while traders may first worry about broker forex scams, these are actually the easiest to spot. In general, if something seems too good to be true there is a good chance there is some scam behind it. Returns that are huge, trading conditions too good to be true, trading schemes that somehow purport to avoid regulations, all of these are different types of forex scams that need to be avoided. To most easily avoid broker forex scams, choose a regulated broker with a good reputation and a long history. For all other scams simply trust in yourself rather than trusting someone else to make your profits.

To be clear, none of these things are illegal, which can make it hard to get your money back. But they’re certainly unethical, and a good reason to avoid trading with this company. So, if you’re outside the US and you’re working with the real company, your money must be safe, right? While we have observed some concerning behavior and have received reports and complaints regarding some of LimeFXs business practices, we can’t officially call them a scam, yet. The risk level is defined by several factors, and of course, leverage dramatically increases your risk to lose money as well. As well as fully audited trading procedures that are strictly checked by the authority on a daily basis in addition to negative balance protection.

If you’re not comfortable with this, you can always use the help center to get more information. LimeFX’s website also offers a search bar and a help center. Have you lost money trading with LimeFX and would like to get it back? Schedule a free consultation session with our team of experienced experts to kickstart the process. Traders with big deposits of more than €10,000 should consider this account if they are very active.

There’s a skeptical pause that traders deal with when considering LimeFXs with LimeFX. Firstly, investigators at Financial Fund Recovery acknowledge that LimeFX isn’t a scam. Then, again, it raises suspicions about the negative reviews that frequently surface. Most times, there are no commissions for traders, as LimeFX makes profits from its spreads. Traders can either select to make use of fixed spreads or variable/floating spreads.

Using a regulated broker means you have a place to go if you have a problems with your broker. With oil futures contracts, investors can trade 3, 4 and even 8 months out on the Crude Oil contracts offered on their platform. LimeFX Education ranked with an overall rating of 9 out of 10 based on our research. The broker provides very good quality educational materials, and excellent research also cooperates with market-leading providers of data. The education center constantly develops and features both Forex and CFDs trading information with live webinars, technical analysis, educational tools, and much more.

As a result, many legitimate traders are unable to withdraw money from LimeFX. We’ve heard of people who had no access to their funds for over six months. We learned that LimeFX’s flexibility in terms of platforms, currency pairs, and a number of provided solutions is another key advantage to its positive side. The broker offers competitive costs and excellent education material suitable for traders of different levels.

What are the LimeFX Scam Signals?

We recommend using the free demo account first to practice trading. The MetaTrader offers a lot of tools for analysis and trading. If you want more tools you can add them to the software or buy them via an integrated market. Use indicators, drawing tools, or multi-charting for technical analysis. Metatrader 4 platformLimeFX offers both versions of the MetaTrader.

What is LimeFX?

LimeFX does business in most of the world, but not in the USA. Because many people don’t know this, scammers have set up fake LimeFX websites to con Americans into investing with what they think is the official LimeFX company. These investors send a payment to the scammer, and their money disappears.

It offers a telegram group

The market maker is the one who runs the risk of getting stuck with a currency that will be difficult to sell at a good price. LimeFX is an online trading platform with its corporate office in Dublin, Ireland. The company is regulated in Europe, the British Virgin Islands, Australia, Japan, and South Africa. This wide an array of regulatory authorities plus the company’s relatively long history helps attract many investors.

As Muslim traders who follow Shariah Law have certain prohibitions which prevent them from doing certain types of financial transactions , brokers started offering special accounts to Islamic investors. The minimum deposit you can make is 100 units of your account’s chosen fiat currency (USD/EUR/GBP/AUD). If you use a regular credit/debit card, the payment should be credited instantly (or up to one day after deposit if it’s your first ever). E-payments (i.e. Moneybookers , Webmoney, Neteller) will be credited within 24 hours, deposits by wire transfer can take up to 7 business days, depending on your bank and country. Wire transfers may take up to 10 business days to arrive.