LimeFx Ltd has licenses from many regulatory agencies, including the Island of Mwali (Comoros), Cook Islands, and Saint Vincent and the Grenadines; each overseen by their respective authorities. Furthermore, LimeFx is a recognized member of The Financial Commission which ensures broker openness and integrity to offer trade claim coverage via compensation fund. There is some great educational content on the LimeFx blog, covering practical topics like how to set up your MT4 platform professionally and what the MACD indicator is. I assess the articles as concise, insightful, and providing traders with concepts that can be quickly applied in the market. My email inquiries were answered almost immediately, and the live chat support was reliable. The LimeFx web platform includes popular features like one-click trading, trading from the chart, and watchlists.
Trading platforms of LimeFx
The UK regulator, the Financial Conduct Authority, has repeatedly warned investors that they risk losing all their money if they buy cryptocurrency, with no possibility of compensation. Exchange traded funds are popular investments that allow investors exposure to hundreds of individual holdings in one fell swoop. This means they provide immediate diversification and are often less risky than selecting the individual investments. While buying cryptocurrency is a trend right now, it’s a volatile and high risk investment choice unlikely to be a suitable investment for many investors. But some investors may choose to indirectly invest in Bitcoin and other cryptocurrencies. Once there is money in their account, investors are ready to place their first cryptocurrency order.
Top Forex Brokers
- I also like that LimeFx ensures traders operate from a trustworthy and secure trading environment.
- Based offshore, LimeFx offers the advantages of high leverage, a wide range of deposit and withdrawal methods, and an easy sign-up process.
- Clients have access to all the necessary tools for independent and algorithmic online trading.
- The table below breaks down the main features of each account type.
- The company’s substantial trading losses of $25 million over five years were funded by shareholder contributions.
- Registered and licensed offshore on the island of Mwali (Comoros), it provides access to trading in CFDs on currency pairs, commodities, indices, shares, ETFs, bonds, futures, and cryptocurrencies.
Operating under a single brand, the company’s structure prioritizes operational dependability, corporate stability, and client money protection. We use dedicated https://limefx.name/ people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.
LimeFx App
Head of Analytics Tim Deev does a good job of explaining key economic data and major support and resistance levels. LimeFx provides a steady flow of market-moving stories via the FXStreet Newswire published on the website. Reports are focused mainly on major economic releases but also include data on key price levels from respected sources such as SocGen. The web platform uses market-leading TradingView charts featuring 11 time frames, 11 chart types, and over 100 technical indicators.
The blog is a valuable educational resource, providing insights into market research, trading tactics, and economic news. No, regardless of payment type, LimeFx does not charge commissions on any deposits. LimeFx does not publish an inactivity charge, indicating a trader-friendly approach to account administration and upkeep; nonetheless, traders should always check current terms. Yes, LimeFx does provide a demo account for practice and strategy testing.
LimeFx Main Features
Their price depends on supply and demand, and global events such as wars can greatly affect them. For example, the Russian aggression against Ukraine caused fears of global famine, as both countries are large suppliers of both oil and wheat. Safety starts with regulations and depending on how many regulators are overseeing the broker, we can determine how safe it is to hand our capital over to them. LimeFx is regulated by the Financial Services Authority (or FSA) in St. Vincent and the Grenadines. Regulated by any authority is already a big thing for Forex brokers, but having only one overseeing authority is still not enough. No, LimeFx does not currently offer webinars or live trading sessions.
Commodities are known to be a safe haven during an economic crisis like the current global situation. LimeFx offer soft and hard commodities, as well as metals and other goods. There are 18 total commodities limefx scammers available as of now including oil, coffee, corn, wheat, and many others. No matter the economic status and situation, raw materials are always important and affect the economy of all countries.
This lets you practice trading in a virtual environment without risking real money. ✅ LimeFx’ website has a thorough FAQ section that answers frequent questions about account administration, deposit and withdrawal methods, trading conditions, and platform use. A stop-out threshold between 20%-40% acts as a safety measure by automatically closing out on all trades if there’s any chance for a negative balance entry into your account. This protective method significantly shields both trader funds and broker exposure risks.
However, withdrawal fees vary based on the method chosen, with certain alternatives incurring a price to cover processing expenses. Overnight fees, or swaps, are payable when positions are maintained open for more than 24 hours, and the costs vary depending on the item exchanged. These fees are industry-standard and change in response to market underlying rates. LimeFx strives to retain a competitive advantage via its spreads and fees, which appeal to various trading styles and techniques. Furthermore, it grants access to several features of professional ECN accounts. This account is adaptable enough to accommodate various trading techniques.
LimeFx is a global broker providing services in Latin America, Asia, and the Commonwealth of Independent States (CIS). Traders can choose from various account types, including an ECN account with floating spreads starting from 0 pips. LimeFx Broker provides brokerage services that include a wide option of trading instruments and various deposit and withdrawal methods.