Brokers operate multiple entities because it allows them to serve clients worldwide. However, licenses obtained by regulators in different jurisdictions do not always entail the same degree of protection. Some regulators mandate compliance with the strictest financial frameworks, whereas others are less rigid. That is why traders need to familiarize themselves with the safety mechanisms ensured by the entity they want to open an account with beforehand.
In addition, the broker accepts several instant banking transfer services, which are available locally – Union Pay for Chinese customers, DotPay for Polish traders, etc. The same platform is also available for mobile devices and it can be downloaded for free scammed by limefx from the App Store or Google Play. For instance, it has 3 types of charts, namely bars, Japanese candlesticks, and broken line, but it features only 30 of the most popular technical indicators. LimeFX offers trading on copper futures, as well as energy futures – US light sweet Crude oil, Brent Crude oil, and natural gas.
Email address and phone numbers are provided for satellite offices in Cyprus, South Africa, and Australia, allowing local contact. Or international phone number, forcing potential charges for calls made to Cyprus or other satellite offices. If you are a new trader, I recommend you to consider LimeFX and its trading academy. Your account should reflect your goals, needs, and ambitions on the market. You should take into consideration several things, such as whether the account type has a minimum deposit requirement, what its spreads and commissions are, what the execution method is, and more. LimeFX, a forex and CFD broker, serves over 1.5 million clients worldwide, providing access to more than 500 tradable instruments from various asset classes.
- This may be a weak point for the broker but it should not bother traders, especially since MT4 is familiar to most of them.
- There are a number of other benefits for those who wish to speculate on market indices – high volatility, low costs, and leverage, which gives traders more flexibility.
- Well-documented account subheadings outline fee schedules and side-by-side comparisons for floating vs. fixed, commission vs. no commission, and dealing desk vs. direct interbank trading.
- The lack of two-factor authentication in both Metatrader versions adds a security hole that needs to be fixed.
LimeFX Review
LimeFX also offers a virtual private server (VPN) that provides enhanced connection speed, continuous uptime and added security. The company’s current promotions include its Iron Worlds Championship live trading competition held from mid-June 2021 until mid-December 2021. This competition has a $1 million prize pool with multiple prizes awarded to winners at different stages of the competition. Success in online trading and investing depends on proper planning based on solid information and useful market insight. Try our exclusive STP Zero Spread account and enjoy spreads as low as 0 pips.
Accounts are tiered into Micro, Premium, and VIP levels, depending on capital commitment, with spreads dropping on major Forex pairs between tiers. The broker does not have limefx reviews a huge range of commodity markets but it offers trade on the most popular ones. Along with trade on spot metals and spot energy commodities, it also gives its clients the opportunity to trade commodity futures.
Does LimeFX offer a demo account?
The books are pretty exhaustive and can help newbies gain a firm understanding of trading basics. LimeFX should also be praised for holding periodic seminars at various locations globally and in different languages. Traders attending these seminars can benefit by gaining critical trading insights directly from LimeFX experts. Notesco Limited does not accept clients from the U.S., Cuba, Sudan, Syria, and North Korea. The clear advantage of this model of execution is that with it, you are guaranteed entry, in that your order request will eventually be filled once there is enough liquidity.
LimeFX is a big scam broker
LimeFX offers a great fit for traders at low to medium skill levels, with flexible account types that suit many investment and trading styles. Money managers can also benefit from a personal multi-account manager (PMAM) that allows trading of multiple Metatrader accounts. Professionals trading their own accounts may wish to look elsewhere, despite tiered pricing, due to the lack of volume discounts or a proprietary high-end trading platform.
Had to play with risk tolerance too, the 5% per order sometimes means a system just goes bankrupt right away, but 4% it suceeds on the historic data easily.Small martingale for boost is important too. Whereas more experienced traders can always find something new to add to their skills and improve their knowledge. In my experience, market execution is better suited for day trading and position trading strategies where volume is important. But it is less so for intraday trading strategies, such as scalping, where precise order filling is more important.
Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Always liked to think of myself as a digital nomad doing my own stuff online, trading included. That said, internet connection is not perfect in many corners of our globe i visited. Today, I have ensured those interruptions won’t affect me and went for the VPS from LimeFX. It’s not a guarantee of a smooth trading on its own but it’s a solution.