LimeFx Exchange Review 2023: An Excellent Platform For Those Who Don’t Want to Hold Actual Cryptocurrencies

LimeFx reviews

To make this come true each of the traders who want to have such an account needs to register with the broker. To get this form, contact the broker’s support team on the site. I decided to cut ties with all the other brokers since this one has covered all my needs as a trader.But to be honest I like how the company tackles the issue of safety. All the cutting-edge tools are implemented to provide the most secure atmosphere.

A comprehensive suite of automated trading solutions, called EA (expert advisors) in the MetaTrader universe, are also available with countless more being created. When it comes to online Forex trading, MT4 has established itself as the market leader and with available additions it can indeed become a powerful gateway to financial markets. LimeFx offers a free and 180-day life span demo account that enables traders to test their trading strategies and get a feel for the platform’s features and functionality without risking any real money. The demo account comes with virtual funds that can be used to trade various financial instruments, including forex, commodities, indices, and shares. In my experience, LimeFx has competitive trading conditions compared to others in the industry. They offer a variety of account types that cater to different trading preferences and provide access to a diverse range of financial instruments across various markets.

After the quick application, traders need to submit a copy of their ID and proof of residence as mandated by regulators in order to address AML/KYC compliance. At the bottom of the sign-up form, under “Entity” traders may be able to select which of the operating subsidiaries they prefer; this is based on location. One thing that we really appreciated during this LimeFx review was that the broker dedicated an entire section to trading psychology, which may be the biggest challenge for all traders to master. The comprehensive educational section is divided into Basics, Fundamental Analysis, Technical Analysis, Psychology, Trading tests, video tutorials and Webinars & Events. It is a well-designed, interactive course and new traders are highly recommended to take advantage of it in order to broaden their knowledge base. The courses offered do a great introductory job to trading.

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It is regulated by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), and Securities Commission of the Bahamas (SCB). LimeFx also offers negative balance protection, making it a highly trustworthy and reliable FX broker. In fact, in 2017, LimeFx was voted as UK’s most trusted Forex broker by Global Brands Magazines.

  • In terms of commissions, LimeFx offers commission-free trading for most instruments, except for share CFDs, which are subject to a commission of 0.05% of the transaction value.
  • LimeFx also provides a range of account types, including a demo account, to suit the needs of all traders.
  • Overall, LimeFx is a well-regulated and reputable online forex broker with several advantages and disadvantages.
  • On the negative side, LimeFx’s product portfolio is limited to forex and CFD.

On top of that this VPS can be free if you meet certain criteria. All in all, LimeFx provides a cool automatic trading experience. These measures help ensure the safety of client funds and personal information. The state-of-the-art trading platforms offered are top notch and suitable for all trading styles and levels. I like how each of the platforms have mobile apps for trading whilst on the go.

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The platform features more than 70 types of currency pairs. Operating on the NDD (no dealing desk) model, the broker has garnered quite popularity over the years. Yet another important aspect to consider when trading with LimeFx is that the leverage offered varies and is determined by the type of instruments traded. And, these include forex pairs, cryptocurrencies, equity shares, spot indices, futures, metals, stocks, and other commodities.

LimeFx reviews

In addition, LimeFx offers a wide range of financial asset CFDs, including metals, energies, futures, forex, and crypto, allowing users to broaden their portfolios. If you want to start trading CFDs, I advise you to think a few times because it is a risk and it takes a lot of time to understand everything and learn how to trade profitably. Trading on the LimeFx demo account took a lot of time, but it paid off. Therefore, if you are not ready to learn a lot of new information and do not have good discipline, then I do not advise you to start. If you decide to start trading CFDs, there are a few things you need to know. LimeFx has a large selection of trading platforms and a beginner broker should do a lot of research before making a choice.

While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. KuCoin or Kraken), there are other very well-known industry leaders that are located all over the world. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. Now, naturally, in order to verify your account completely, you are going to need to do two additional things – submit some identity-verifying documents, and add funds to your digital wallet.

Can You Trust LimeFx? 🛡

Their quality of service is also very high and I always get fast and professional answers to my queries. All in all, I recommend LimeFx as a reliable and stable broker for all traders who want to succeed in the financial markets. Since its inception in 2006, the LimeFx brokerage company has executed orders worth over 455 million. It also offers demo trading accounts along with free educational tutorials for new traders. As a well-recognized and well-established brokerage, LimeFx is considered one of the top service providers globally.

This means that if the balance on your account goes into negative, you will be protected. However, the platform feels outdated and some features are hard to find. For example, it took us a while to figure out how to add an asset to the watchlist. We tested the credit card/bank transfer withdrawal and it took 1 business day. There are a lot of deposit options at LimeFx, including electronic wallets such as PayPal, Skrill, Neteller. LimeFx account opening is fully digital, fast, and straightforward.

LimeFx Features and Options

Back to the point that I was initially trying to make, the LimeFx brokerage surely isn’t the only mainstream stock trading platform that suddenly started offering crypto trading options. Now, don’t get me wrong – the majority of user LimeFx reviews are still concentrated on the primary services of the platform, but things are becoming a bit more interesting by the day. It is one of the highly regulated Forex brokers complying with CySEC (Cyprus Securities and Exchange Commission), SCB (Securities Commission of the Bahamas), FCA (Financial Conduct Authority), etc. LimeFx is one of the few brokers offering negative balance protection to safeguard the clients’ accounts. LimeFx offers multiple payment options for funding clients’ accounts and also for withdrawals.

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As a VIP account owner, you get up to 30% discount on spreads, and up to 30% lower commissions when using cTrader, which is a huge improvement for very active users who trade in high volumes. To open an LimeFx demo account, you just need to go to their web site’s homepage, scroll down, and click on the blue “Try demo account” button. Unlike a real account, this one doesn’t require you to provide any documentation whatsoever. One of the fees you should watch out for is the inactivity fee. Accounts that have not made any trades in the past 3 months will be charged a $15 dormant account fee, followed by a monthly $5 fee as long as the account remains inactive.

Market Intruments

Another feature worth mentioning is the handy economic calendar on LimeFx’s website, but aside from that, there’s not really that much to add. LimeFx provides good news & research but lacks depth in some areas, which means it can’t compete with some high-level brokers like IG and LimeFx. Clients and curious prospectors can use the live chat on the company’s website to get in touch with a support agent quickly.

LimeFx reviews

It is available in the US, EU, and other versions, and is compliant with all official regulations. However, if you’re looking for a legitimate cryptocurrency exchange to purchase and trade coins, you’ll have to look elsewhere. Popular exchanges include Coinbase and Binance, both of which offer a wide range of coins and features. CTrader offers traders the best trading conditions and remains the recommended trading platform for all traders who don’t have existing trading solutions which operate on the MT4 infrastructure.

While many brokers websites looks very indefinite and brief, LimeFx creates an engaging environment around trading with a lot of info, news releases and info about updates and so on. That helps me to get important info asap limefx forex broker and saves my time. If you’re professional trader – you understand how it’s important to get first-hand info asap. We learned that LimeFx offers dedicated 24/7 multilingual customer service, and provides relevant answers.

I can’t make my withdrawal!

The broker offers multiple trading platforms and a plethora of tools for a professional trading experience. Clients can also choose from a broad range of trading products. And, these include CFD, spreads, currency pairs, spot indices, futures, stocks, cryptocurrencies, and other commodities. This crypto exchange is a reliable and limefx official site straightforward online brokerage that offers CFD trading with no blockchain fees. It charges a simple $45 commission from every $1,000,000 worth of CFDs traded, and there are no deposit or withdrawal fees either. The platform is easy to use and provides a range of features such as advanced charting, automated trading, and more.

А lot of instruments to trade and transparent withdrawal process. Your profit will be meaningless if you are not allowed to withdraw funds or your account is frozen. Therefore, you can not worry about the safety of your funds. Secondly, the broker has several popular trading platforms.

The brokerage also provides negative balance protection, which means that your account balance can not drop below zero. The only money you can lose is the money you put in, so there’s no way you can get into a situation where you owe the company money because of a few bad trades. LimeFx seems to be a top-level forex broker with great platforms but there are also things that traders should be concerned about. LimeFx also offers a live chat feature on its website, which allows clients to connect with a customer support representative in real-time.

Live chat is available in multiple languages and is a quick and convenient way for clients to get their questions answered or issues resolved. The desktop trading platform doesn’t offer two-step authentication. And I have one simple reason and its not about trading itself.

LimeFx Review UK 2023 –

LimeFx Review UK 2023.

Posted: Tue, 04 Apr 2023 07:00:00 GMT [source]

Traders can choose between instant execution and market execution a feature not made available by many other Forex brokers. They also offer advanced order-matching and execution technologies that are continuously upgraded. LimeFx offers a suite of research tools and news that gets good reviews all around, but is not exactly top-notch.

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