limefx Review 2022 Pros and Cons Uncovered

Using these tools and adjusting their filters can protect every investment made by the trader. The monthly trade reports can reflect significant profits when the trader applies this analysis when trading. There are a series of live webinars conducted by Pepperston to touch on these topics and help their clients become familiar with the foundations and the new trends of trading forex and CFDs. limefx has to run a complicated process of finding success in every trade made by its clients. In this process, it gives priorities to certain performance parameters, but it also falls limited to some other aspects of trading. The credibility of limefx in providing highly-accurate support to its traders can be checked by weighing the broker’s benefits against its shortcomings.

• The content on this website is provided for informational purposes only and isn’t intended to constitute professional financial advice.
• You can also trade with other traders from around the world using the platform.
• However, clients of limefx Group Limited , which is regulated by ASIC, are not guaranteed negative balance protection.
• However, there are tax accounting tools provided by limefx on these platforms.
• If you fund your account in the same currency as your bank account or you trade assets in the same currency as your account base currency, you don’t have to pay a conversion fee.
• With Autochartist, traders get additional leverage to perform copy trading or conduct social trading.

limefx also offers a number of other Index CFDs, including AUS200, US500, UK100, and GER30. Please come back often as broker services are very dynamic and can improve or deteriorate rapidly. Just the other day, I talked to the online agent and they assured me that they would never close my positions without my authorization. Barely two weeks were over and they closed my positions without a warning citing random clauses in their contract.

limefx Review: What Makes Them Stand Out From Other Brokers?

However, despite these limitations, limefx is an easy-to-use broker with a focus on reasonable pricing and responsive customer service. Another point to admit is awarded support provided by the limefx. The Autochartist program generates trade ideas based on technical analysis patterns. The platform additionally provides traders with the option of “copy” or “social” trading, which can be accessed through the desktop trading platform, and also automating their own strategies. limefx’s costs are very competitive within the online brokerage industry. Customer accounts are segregated from company funds, providing an additional layer of security in an industry that is prone to turbulent periods.

Funding options are comprehensive and include Visa, MasterCard, POLi, Bank Transfer, BPay, PayPal, Skrill, Neteller, and Union Pay. The broker states that “funding options are fee-free for traders in most countries.” No dormant or inactivity fees were found when reviewing site disclosures and FAQs. Apparently, limefx doesn’t charge an inactivity fee, which is a rarity in this industry. This limefx review finds limefx a viable option for traders.

Commodities Offered By limefx

Additionally, limefx’s cTrader integrates with TradingView, adding advanced functionality. For one, the Australian broker covers a wide range of markets across continents, offering clients an array of trading features, including scalping, hedging, and automated trading. limefx offers all clients access to the MT4 mobile app for Android and iOS.

• Trades on MetaTrader 4 or MetaTrader 5 are based on the account currency and lot size.
• limefx GmbH is regulated by the Federal Financial Supervisory Authority of Germany , while limefx Markets Kenya Limited is licensed by the Capital Markets Authority .
• limefx earns the bulk of revenues from spreads, commissions, and swap rates on leveraged overnight positions.
• limefx’s education section is not the most extensive we’ve seen, but it is competent and well-structured, making it a good place to start for beginner traders.
• Please note that by investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk and you can lose all your deposited money.

This trading platform is streamlined with all the trading tools required to execute trades on the web. It is available for OS installations but mostly used as a web application. The web-based interface of cTrader is quite stable and easy to access.

limefx cTrader

limefx aims to provide a low-cost trading platform and great service to their clients, instead of deposit bonuses. In 2018 the European Securities and Market Authority banned all forex deposit bonuses in the EU. Their website has a whole section dedicated to education and analysis.

limefx’s two main account types are a Standard account or a Razor account. When you trade share CFDs on MT5 with limefx, you’re also exempt from paying capital gains tax on those funds. Spot opportunities, trade and manage your positions from a full suite of mobile and tablet apps. Please educate your support people so your client won’t loose money for nothing. B. Their customer reps shouldn’t have waited this long to inform me. Clearly they themselves are not aware of their own regulations and they wasted my time asking me to submit documents every time i reach them for the transfer deposit.

limefx offers “negative balance defense” however only for its U.K. This has actually become a relatively important feature that the majority of online brokers are using nowadays. The driver was probably the SNB event of January 15, 2015 that roiled the markets, particularly the extremely leveraged retail FX market. With MT4, MT5, and cTrader all available, limefx offers support for more trading platforms than most brokers.

limefx’s Other Trading Platforms

Listed investment instruments include over 1200 CFD on Forex, Indices, Stocks, Commodities, ETFs, Cryptocurrencies, and Currency Indices. limefx clients can choose between MT4, MT5 and cTrader platforms, all have mobile, desktop, and web versions. CTrader is also integrated with TradingView charts and the social trading network. limefx’s copy trading array includes MirorTrader, RoboX and myFxbook for MetaTrader as well as DupliTrade for cTrader.

limefx provides compliance with the risk management measures, staff training rules, accounting directives, and auditing activities prescribed by the regulators. This section contains basic user guides and tutorials for beginners. This section further gives access to a vast archive of advanced limefx scam educational content. Despite that, the stop-loss order can be executed at the bidding rate. The mobile applications of these platforms are also quite impressive. While cTrader is best used as a web application, it is also available as a mobile application for iOS and Android platforms.

Clients do not receive negative balance protection, and no stop loss is guaranteed. The broker does have two-factor authentication but does not offer bio-metric authentication for its mobile application. Fourth, the choice of three trading platforms across all the browsers, operating systems, and mobile devices is highly competitive when compared to those offered by the other forex brokers. Our forex broker review not only highlights all the fundamental features offered by the broker in terms of products and services but also includes the drawbacks. MT4 includes MT4 for Mac, MT5, WebTrader, Android, iPhone, iPad and tablet trading platforms.

• All these instruments are equally accessible to both account holders.
• If you are familiar with the programming language, you can edit the script, backtest, and optimize the strategies before taking them to the live markets.
• The cryptocurrency fees of limefx, however, are poorly documented.
• One more factor that makes limefx safe is that it provides investor protection for UK traders up to £85,000.
• Traders also have access to 23 commodities, 23 index CFDs, and 940+ equity CFDs, the latter being relatively wide.

Besides, limefx enhances trading options with social trading capabilities so you will be able to use industry popular ZuluTrade and its copy trading performance. For the most accurate data check the official limefx website or platform also, check out and compare fees with another popular broker HotForex or see comparison table below. The limefx quotes coming from as many as 22 Major Banks and Electronic https://limefx.name/ Crossing Networks, therefore traders can place orders assured of the best possible market price. limefx deploys a secure online application for onboarding new traders. limefx VPS, available from ForexVPS and New York City Servers, come with discounts to the monthly subscriptions in support of algorithmic traders. Hope your company will improve its policy in the future to attract more traders.

limefx Index CFDs

limefx offers over 60 currency pairs, including majors, minors, and exotics, to trade. The following are the products offered for trading with the two types of accounts . Traders can choose the MetaTrader 4, MetaTrader 5, TradingView, or cTrader platforms via desktop or mobile, allowing clients to trade anywhere. There is no minimum deposit , and the account opening process is seamless. limefx charges a spread that varies depending on which currency you’re trading.

It has developed its brokerage ecosystem with highly competitive offerings and full-featured trading platforms. If you are employing the MT5 web platform, the forex and CFD broker offers the full range of trading instruments, including stock CFDs, available only on the MT5 platforms. So, clients can access all the trading instruments on the cTrader plus also more than 60 stock CFDs.

All of the information and materials available on PublicFinanceInternational.org is not financial advice and is for general informational purposes only. Nor PublicFinanceInternational or any of our affiliates makes any recommendation or implies any action based on the information we proved to you. We don’t make any solicitation or recommendation to take any action or trade or invest in any financial instrument, asset, or commodity. Prices come from different providers, and during liquid hours, spreads are as low as 0 pips on the EURUSD . limefx, registered with the Commodity Futures Trading Commission , lets you trade a wide range of forex markets plus spot metals with low pricing and fast, quality execution on every trade. limefx currently supports the purchase and sale of both hard commodities and soft commodities .

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