(888) 570-7338

Monday - Friday: 8am - 8pm

Mon-Fri: 8am - 8pm

limefx is it a scam? Reviews about forex broker

Unfortunately, there was a problem with the payment system during your withdrawal. As soon as I stopped funding my account I was immediately dumped. I was able to find a way to get my money back, a difficult process, but possible.

Is forex legal in the US?

Forex trading is legal in the USA, but it also comes with various differences as opposed to trading within any other continent in the world. The US has various different rules and regulations as opposed to other countries. So in answer to your first question – Yes you can trade forex legally with the USA.

If you have enough funds in your respective account, your bank account will be debited while the equal amount will be deposited into your limefx account. Aside from the price of the cryptocurrency itself, each cryptocurrency exchange adds a fee for trading, when customers purchase and sell coins. limefx cryptocurrency fees can vary, but most exchanges charge between 0.1% to 1% or more per trade. That means that if you’ve used $1,000 to invest in a certain crypto, the fee you will eventually pay for that transaction could be anywhere between $100 and $1,000. limefx cryptocurrency fees include a fee for the Maker and Taker . As already mentioned in the text above, there are more than 6 different account models adapted to the wishes of the trader.

How’s the limefx trading app?

Tradersunion.com needs to review the security of your connection before proceeding. Link your trading funding methods and withdrawal bank account and other withdrawal methods. CFD providers typically charge a financing rate for holding a trader’s position overnight. Our limefx review team concluded that this broker is highly accomplished and dedicated to providing you with a great experience. To verify your account, you’ll need to provide an international passport for proof of identity and a utility bill for proof of residence.

  • The support tells me that it can take 10 days and then I have to file a ticket so that they can fix the problem.
  • If you struggle with technology, you need to consider the level of support on limefx is available.
  • limefx does not participate in any compensation funds directly mandated by the FSC, however, it has issued civil liability insurance on its own accord.
  • Along with the most popular platforms in the industry, they offer a great deal of terminals for comfortable trading.
  • Since one of the main objectives of online platforms is to make mastering the functions of the terminal for customers faster and easier, this has been implemented in R Trader.

limefx is also home to one of the most intuitive proprietary web-based trading platforms, with full support for algorithmic trading. It includes a strategy builder, allowing traders to program automated trading solutions without scammed by limefx needing to code. limefx offers a variety of education resources for both beginner and seasoned traders. This includes detailed economic calendars and technical analysis, as well as tutorials on trading in all its facets.

Deposit fees and options

At limefx, there are more robust trading spreads from 0 Percentage In Point depending on the unique trading conditions. That is limefx applies the STP technology through a bridge connected to a liquidity provider. All transactions that exceed 0.01 lot are sent to the bridge and then to the liquidity provider. limefx receives a part of the spread from each transaction. I achieved 1st Position in their demo contest Kingsize MT5 no. 368 and for a while it showed that i was the winner, an hour later the page showed that i was disqaulified.

  • Algorithmic trading remains at the core of limefx, where it offers a proprietary trading platform allowing traders to create automated trading strategies without the need to code.
  • With this virtual many, you can trade Forex without putting your real-life funds under any risks.
  • The limefx user interface is what limefx traders will see and interact with first when trading with the limefx trading platform.
  • Therefore, it is necessary to be sure that the broker you choose is regulated before taking any action.

There is a possibility of up to 10% additional funds at limefx. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations. Pass the simple verification procedure of your identity, address, and phone number in your Members Area.

Deposits & Withdrawals Options

A trading portfolio is made up of various investment vehicles. Distinct trading portfolios, each tailored toward a different investing strategy, might be owned by an investor. Although limefx has a lot of good points limefx does not offer the below. limefx is regulated by Cyprus Securities and Exchange Commission .

  • High-skilled traders benefit from these accounts as there are experienced insights and data from trading signals, spreads, and trading features such as zero pips.
  • limefx is an STP/ECN broker, meaning they offer both types of accounts.
  • Most entities are naturally licensed by the financial regulator of the country they are registered in.
  • On the one hand, limefx’s civil liability insurance and membership in The Financial Commission signify its commitment to protecting its clients’ funds.
  • Link your trading funding methods and withdrawal bank account and other withdrawal methods.

limefx regularly undergoes quality auditing review of order execution on the Verify My Trade service that provides for objective evaluation of how brokers execute trade orders. Successful completion of this procedure confirms the broker’s compliance with the strict requirements of the Financial Commission to its members. When trading or investing, you must always take into consideration the level of your experience. If the risks involved seem unclear to you, please apply to an outside specialist for an independent advice.

limefx Account Fees

The most popular order type in the industry, market orders are used for immediate entry at the best possible price. If triggered, they guarantee volume filling, though there could be a discrepancy between the requested price and the price where the order actually gets filled. The former combination might be better suited for high-frequency traders who do not execute https://limefx.name/ huge orders, while the latter is a better fit for high-volume traders who do not place many individual orders. Overnight charges can be avoided with limefx’s swap-free Islamic accounts. Despite the above-mentioned geopolitical conditions at the time of the review, we found limefx’s swap rates to be medium to low compared to the broader industry.

Hence, while the assortment of available instruments is not very diverse, traders certainly have enough options to pick from to make optimal trading decisions. The layout of the MT5 platform is very flexible, making it quite easy to navigate. The first is the ‘Fundamental Data’ tool, which can be accessed by right-clicking on the chart. It allows traders access to the latest fundamental data for a given instrument on major news terminals like Bloomberg. For instance, if you want to trade Tesla shares, you can use the tool to read up on the company’s key statistics and its latest performance on the stock market. The competitiveness of limefx’s fees depends on the preferred account type.

Accessibility Close Menu
× Accessibility Menu CTRL+U