We found that there are specific trading platforms that provide both new and seasoned traders seamless trading experience. With varied options, LimeFX is at the forefront of serving all types of traders with their trading needs. Let us take a closer look at the features and functionalities of these platforms. With a massive range of tradable currencies, low account minimums and an impressive trading platform, LimeFX is an excellent choice for brokers searching for a home base for their currency trading. New traders and seasoned veterans alike will love LimeFX’s extensive education and research center that provides free, informative forex trading courses at multiple skill levels.

You can only deposit money from accounts that are in your name. 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. In the sections below, you will find the most relevant fees of LimeFX for each asset class. For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates.

• Customer service also offers telephone support, which is the fastest method to have questions addressed.
• Top brokers offer a variety of pairs from majors, minors, and exotics.
• GAIN capital was formed in 1999 and operates many other forex trading platforms apart from LimeFX.
• LimeFX claims that all users’ funds are stored in top-tier banks with seamless security.

On February 6, 2017, the firm agreed to pay a $7 million penalty to settle a suit from the U.S. Commodity Futures Trading Commission involving fraudulent misrepresentation by LimeFX to its customers and to regulators. LimeFX is recommended for forex traders looking for easy account opening, funding and withdrawal. LimeFX’s minimum deposit to open an account is $100, or the currency equivalent, but it recommends the traders to deposit a minimum of $2,500 for the traders to maintain adequate excess margin balance. Further, this broker does not charge fees on incoming deposits irrespective of the type, but the banks which are involved would charge fees for transactions.

LimeFX webinars and seminars webinars LimeFX /

LimeFX MetaTrader 5 was just recently adopted in the website and is updated with recent tools and signals to give every trader the most advanced market indicators, charts, and views. LimeFX is a legit broker since it is regulated by the CIMA license which regulates the activities of financial brokerage services. That is why every trader should read reviews in order to understand which broker is worthy and reliable, and which broker is a scam and is receiving criticism from everyone. We’d recommend trying out LimeFX due to its suitability for social trading, ease of use, and integration of advanced trading tools. When choosing a forex broker, it’s crucial to settle for agencies that are regulated and licensed to operate in your jurisdiction.

Just wish I lived somewhere else and could use another broker. 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. You should engage in any such activity only if you are fully aware of the relevant risks. https://limefx.name/ BrokerChooser does not provide LimeFX or any other advice, for further information please read our General Terms and Conditions. We recommend LimeFX for forex traders looking for low fees and great research tools. On the positive side, it has low forex fees, many tradable currency pairs, and high-quality research tools.

Tradable Assets

It is registered with the Commodity Futures Trading Commission or CFTC and is a member of the National Futures Association or NFA in the US. LimeFX offers a wide range of trading platforms and tools and provides excellent customer service. It has a great reputation among traders and is considered to be one of the best online forex brokers. LimeFX offers U.S. clients leveraged access to over 80 currency pairs with competitive spreads across different account types.

You’ll also get access to expert analysis reports, research reports, and trade signals to help you strategize with the best and up to date market information. Fees and commissions are not LimeFX’s strong-points in comparison to other brokers, as its spreads and commissions are a bit high, especially for those with smaller accounts. But spreads can be larger, starting from around 1-2 pips for the most popular assets and increasing higher than 100 on less in demand currency pairs. That said, all spreads are variable, meaning they can go up or down at any time. With this, LimeFX keeps all customers funds segregated from its own operating funds, which further helps to protect traders money in the event of any financial issues with the company. The company oversees over 200,000 retail traders across the globe, from the U.S., UK, and Canada to Japan and Australia, with the tools needed traders advance in the financial markets.

1 standard lot equals to 100,000 units of the base currency in a forex trade. Note, that the products and services available to you at LimeFX will depend on your location, and on which of its regulated entities holds your account. LimeFX is a forex broker that also offers some CFDs.To learn more about CFDs read our CFD trading tips.

A good review is well-detailed and tries to highlight both negative and positive sides of a broker. The spread here is the only form of payment a broker receives, and the spread ranges are different from one asset to another. The biggest forest broker in the world must have a high average daily transaction volume . However, it is advisable to inquire with your broker about the preferred modes of deposit. Minor pairs are traded less often and mostly don’t include the USD. Examples of minor pairs include GBP/JPY, EUR/CHF, and EUR/GBP.

Since the parent organization is listed on the stock exchange and provides financial statements, regulated by top-notch regulators, it adds to LimeFX’s credibility as a reliable platform. Since it is an advanced platform, we were impressed by its access to a variety of instruments and derivatives, low forex fees, and reliable trade execution. The best part is that it is regulated by the world’s renowned regulatory agencies, which authenticates its credibility.

• There are no LimeFX fees for opening an account or monthly maintenance.
• Our programming team will contact you in 1-2 business days with a fixed price quote for your project.
• We use over 50,000 data points and a consistent, fact-based methodology.
• Additionally, full order functionality is accessible, which includes conditional orders and the capacity to effectively place stop losses and profit targets at the hour of trade.

There’s also a search menu that you can use to find a specific topic and a list of popular topics. In the few instances when they had technical issues, the trades/errors were reversed. It also has gained approval from several major regulators, including the NFA, CFTC, FCA, FSA, IIROC and CIMA. All kinds of deposits, whether they are credit/debit card deposits, wire transfers, or e-wallets, are free. LimeFX requires users to put in a lot of info before proceeding to the next registration step, where you will be asked to provide even more information.

Trading Platforms

You can find beginner, intermediate and advanced level courses directly on its website. Beginner lessons start by introducing basic forex concepts like pips and the most commonly traded currency pairs, while advanced courses move into trading strategies and risk management. Courses are easy to limefx scammers interpret and follow, no matter your skill level or previous experience. Many courses also include YouTube video tutorials to facilitate your learning process. Best of all, each of the LimeFX courses is totally free — you don’t even need to be logged into your account to begin learning.

• Ensured stop losses are provided like other forex brokers with guaranteed stop loss, however, at a cost.
• LimeFX is a global social LimeFX brokerage company which offers over 75 cryptocurrencies to invest in.
• Affiliate partnerships may affect where a particular product is listed within a review, but they don’t affect the review’s content in any way.
• In short, LimeFX’s ‘Market Analysis’ section is easily accessible and extremely helpful for traders who lack market knowledge.

If you cannot spell or speak correctly, I doubt your ability to make educated trades. As soon as I go back to my live account, I started losing money again.. And went back to my demo account for a couple of months and the outcome was outstanding.. 4- manipulation of bid-ask- spread to steal money from clients.

Commissions and Fees

Yet, drawing functions are well developed, and technical tools are absent. By checking LimeFX reviews, we get to know that the desktop trading platform can be customized. Further, it can be altered so that users can maximize their profits. It is accessible through web download and a full suite of mobile solutions which includes the iPhone and iPad. Besides, users can choose 80 currency sets, CFDs, metals and commodities. We get to know from LimeFX reviews that FORELimeFXr PRO is one of the leading platforms provided by this broker.

A minimum account balance of $5,000 unlocks this service free of charge. Trading with a regulated forex brokers will limit the potential for fraud and malpractice. I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. DailyLimeFX adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.

A recipient of several best forex broker awards, the full-fledged forex trading platform has built up its reputation through years of seamless service. It is a globally regulated broker, thanks to their affiliates. After practicing trading for a few month, I open a live account and start losing money. I didn’t trade from the account, but rather opened a 2nd account to link with Zulutrade.

Finally, we moved on to contact them over the phone and got a swift reply with relevant answers to our queries. The broker has a global presence and operates in compliance with limefx scam strict regulatory standards for the safety of data and funds. Therefore, it is bound to provide traders a safe trading environment and facilitate secure online transactions.