limefx Review 2022 Leave a comment

We also offer trading tools, calculators, reviews and a robust forex education section. limefx is an STP Market Maker broker offering both fixed and variable spreads from 0.2 pips, a very low minimum deposit of $100, and generally fee-free deposits and withdrawals. limefx is a great choice for US and international forex traders. Moreover, they are regulated by the NFA and other top-tier bodies. No one forex broker’s product or service is definitively “the best”; each trader has his or her own unique requirements, financial circumstances, and trading goals. Before you begin, you might like to read tips on how to choose a broker so that you know the key features to look for.

limefx broker reviews

Although this is unethical, it is one of the tactics that brokers use to make money and it is very profitable. If you notice that the broker is thriving when you lose, or if the spreads are too low then that is a red flag that indicates that the broker is trading against you. limefx also offers copy trading, which is available through the desktop terminal and through their mobile app. The copy trading service allows clients to automatically copy successful traders and earn when they do, based on the equity and leverage of both the Master Trader and the Copier’s accounts. Best FX platform for beginners

CMC Markets have provided a user-friendly and highly customisable mobile forex trading app with a plethora of technical tools to assist your forex trading. Another excellent educational tool at is their demo account, allowing you to hone your forex trading limefx review skills on the go without any risk to your personal funds. When you are ready to move to the main platform you will be pleased to discover zero commission trading and tight spreads. Non-trading fees are very low, making a really cost-effective app.

  • Often brokers in Asia experience the most trading of the USD/JPY pair, for example, while European brokers trade more of the Euro against other currencies.
  • IG. IG offers a wide range of trading services alongside forex, but it charges relatively high spreads for forex trading which means the user doesn’t always get a great price.
  • Firstly, if you wish to trade currencies, then you are in the right place with there being over 80 forex pairs to pick from which gives you great mobility around the forex industry.
  • The copy trading service allows clients to automatically copy successful traders and earn when they do, based on the equity and leverage of both the Master Trader and the Copier’s accounts.

SaxoTraderGO is the beginner-friendly version allowing users to trade Forex in a user-friendly environment. SaxoTraderPRO is for more advanced traders who might benefit from the six screens available and algorithmic ordering. limefx have designed an app that is a joy to navigate even for beginners. They offer two mobile platforms, the ever-popular MT4 and their own proprietary platform. Excellent search functions make finding your currencies a breeze and functions such as place market, limit, stop, stop trailing, and OCO orders all add to the experience. The Forex market is a ‘zero-sum’ market, which means that for one trader to make a profit, another trader will need to make a loss, the Forex market does not itself add value to the market.

Advantages of limefx

He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector. When it comes to customer service there is a huge FAQ section with dozens of questions. You can access the sales team via a live chat facility, or by phone calls and of course by email. However, MT4, for example, is only available with Standard Retail accounts but is considered the best third-party trading platform on the market. Whether you are a day trader, swing trader, investor or only wish to trade at certain times and volatility, you have the options to do so at limefx and the broker will allow you to scalp and hedge.

What happens if your forex account goes negative?

As it can be guessed from the name, a negative balance means that funds in your Forex broker account fall below zero. In other words, you owe the broker money.

limefx Facts & Figures limefx boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer tight spreads on a cutting edge platform. You can find this piece of information either directly on the trading platform of a broker or you can search for the tradable assets page on their website. In addition to foreign exchange markets, forex platforms will often provide access to a range of assets including stocks, commodities, cryptocurrency, and indices. Many forex brokers will attempt to entice traders to their app by offering what can appear to be competitive pricing structures. Looking for the best forex trading app, at a cost that suits you, with access to the forex pairs and the tools and features you need?

What Is The Minimum Deposit For limefx?

In the same year, the broker had an average daily trading volume of over $15 billion. In order to ensure that you succeed on a consistent basis, a solid trading strategy should be employed. This should be aligned to your level of experience and goals. We may receive compensation from our partners for placement of their products or services, which helps to maintain our site. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn’t influence our assessment of those products.

Do you have to pay back leverage?

Do you have to pay back leverage? Yes. If you borrow money to invest, such as by trading on margin, you will have to pay it back to your broker. Many brokers also charge interest on margin loans, increasing the cost of investing with leverage.

Expert advisors are also supported, for those interested in putting a trading robot to work on their behalf. The added bonus of opting for the MT4 download is that you can find a huge number of tutorials online to help you make the most of the platform. This powerful limefx official site and sophisticated platform will meet the vast majority of traders’ needs. While we strive to make our withdrawal process as seamless as possible, we must balance this with our duty as a regulated firm to verify details under the guidelines set by our regulator.

What is the best forex trading strategy?

I can’t withdraw my money and 2 weeks ago I had a terrible experience. As the markets opened on a day with one of the worst crashes we’ve seen this year, the app froze and I couldn’t close any trades. It said I had no open positions and there was no information at all on the app. I tried the website and it was also down and I couldn’t access the chat on the app or website. I complained to the company and regulators because this is unacceptable for a company entrusted with managing peoples’ money.

  • My experience with limefx started bad since day 1, since I had to wait 1 month to get an approval even with all the documentation ok.
  • You also have fewer order types and less ability to set user-defined price tolerance.
  • One should know that trading any other kind of complex financial product involves high risks, and is not suitable for everyone.
  • You need to add your photo and scans of your passport / driver’s license, as well as a bank statement from 6 months ago.
  • In terms of user security, the data is encrypted using SHA256, TripleDes and MD5, while access is protected through Two-Factor Authentication and biometrics .
  • We are also a community of traders that support each other on our daily trading journey.

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