LimeFX Review, Forex Broker&Trading Markets, Legit or a Scam-WikiFX Score:2 54
Professional and non-EU clients are not covered by any negative balance protection. We enjoyed the quality of the videos, they were well produced. On the other hand, we felt they should be better organized; for example, a separate playlist for trading platform basics would be nice. LimeFX’s Technical Analysis tools are powered by Autochartist.
All educational tools are available under the ‘Learn’ menu, though their navigability could be improved. There’s a separate page on LimeFX for live spreads and forex rates for most pairs, indices, commodities, and metals. If you don’t see a pair on the list, you can also check their own pages, for example, see here the live exchange rate of XAU/USD.
- LimeFX accounts have also access to the NinjaTrader 8 trading platform trading platform known for Futures trading, which is also an advantage for the broker.
- It doesn’t have a banking background and is not listed on any stock exchange, two typical factors that enhance transparency and regulatory scrutiny.
- In the end, they deliberately make you lose money.
- It also provides powerful research tools, especially trading APIs.
- Honestly, I shall open an account with TD ameritrate.
You can only withdraw money to accounts that are in your name. How long does it take to withdraw money from LimeFX? LimeFX says it can take anywhere between one and six business days, depending on the withdrawal method and your residency.
I created my own cheat sheets when I was in Europe. I didn’t need to do so in the Netherlands nor in France. I created a cheat sheet on a small piece of paper and kept it with me at all times.
BrokerChooser gave LimeFX a 4.5/5 rating based on analyzing 500+ criteria and testing via opening a live account. Exactly..The foreign exchange market is a global decentralized market and there are not certain, defined ruls. The Forex brokers are market makers and they take the oposite side when you trade with them. I mean they make money https://limefx.group/ when you loose and they loose money when you win. They make everything possible to sabotage your trading – stop hunting, platform freezing, requotes, slippage and many others. But this is very important for all traders who do not agree with me – The Forex brokers can start with their scams only if you become nasty and danger for them.
There is a full range of trading tools including analysis reports and advanced charts powered by Trading View. You can also count on the economic overlay and other essential research tools that are useful to your successful trading experience. LimeFX’s commitment to democratizing the global financial markets has been recognized throughout industry publications and organizations by its multiple awards within the industry. LimeFX clients also have voted the company as number one in customer service, value for money, and overall client satisfaction on a yearly basis.
You might also consider consulting with financial experts or perhaps employing a financial advisor who can educate you and help you construct a comprehensive financial strategy. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in the use of our website. All information on 55brokers.com is only published for general information purposes. We do not present any LimeFX advice or guarantees for the accuracy and reliability of the information. You just need to go to its website and click “open a trading account”, choose your country and proceed with the application.
I understand your point, but let me say that I’m very disappointed. Anybody using MT4 is using it for its ability to use thousands of EA that are commercially available. Any EA out in the market uses a different Magic number. The magic number is need so that the EA knows what trades it owns. I think that there is a problem with the synchronization of trades between your fLimeFX platform and the MT4 platform.
We are delighted to know about your positive experience with us. If there’s anything we can help you with, please don’t hesitate to let us know! Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
Based on our research, LimeFX provides access to the fully customizable MT4 and MT5 platforms, and also an award-winning fLimeFX mobile app. LimeFX’s technology and software offering tighter spreads and custom platforms across premium offerings and automation of trading strategies. We found that withdrawal options vary based on the company division. Most often transactions are performed via Bank Wire Transfer, or Credit card with a $0withdrawal fee for the first request within a month.
Deposit fees and options
There’s definitely something fishy going on with LimeFX. Being in business since 1994 and bragging about being regulated means nothing when these people are all working together. The broker also offers corporate FX payments and exchange rate services for a wide range of organizations and investors.
For the Cons, LimeFX conditions are different depending on the entity and regulation rules and some withdrawals add on fees. A new row was added to account for currencies that are higher in denomination such as the Japanese Yen and the Indian Rupee. What started off as a brilliant printable currency converter simply disappeared in the wind. As priorities changed with LimeFX and their need to update the user interface forced the platform to evolve, they simply removed it completely at the end of 2021.
Customer support, while helpful, is only available 24/5. You can reach LimeFX’s customer service through several channels, but availability could be improved. You can make/use your own APIs in a great and very user-friendly environment. Algo Lab allows you to code and deploy your own automated trading strategies right from your web browser.
Also, LimeFX is one of the largest and heavily regulated broker with high trust and great trading offering overall, so Broker might be suitable for various traders including US Traders. To trade a variety of assets the Forex broker offers a rich choice, such as a reliable terminal MetaTrader 4, a browser platform Web limefx broker reviews Trading, as well as its own high-quality development of FLimeFX. FLimeFX is the first platform that provides data in a graphical form in real time. The unique program has a simple interface and fast execution speed. It’s equipped with graphing functions, and you can check trading strategies, study financial news.
Anyone who is sincere about you making it will suggest less than 50/1 leverage for a new trader, and a good trader shouldn’t need any more than that. With my account the charts would freeze up and the data would be matched up with the wrong chart. Unfortunately we do not support EA as well as magic numbers. The magic number is generated by your own EA, and it is not recorded in our system. We corrected the display issue yesterday by assigning new order numbers to the trades from our internal system. Since the new orders were not executed via your EA, they were not assigned with a new magic number.
Complaints against LimeFX
You may close these two trades and reopen new positions via your EA to obtain the magic numbers. LimeFX’s ability to resolve issues on MT4 is sometimes limited by limitations with the MT4 software, which is a third-party trading application. The only money the broker should receive is when the trader has losses. Then these losses pass under the domain of the broker, the broker also receives the commissions and other losses suffered by the trader, such as swaps. Mark Chesterman has been named Head of Trading, responsible for leading the global trading team, quantitative analytics and…
Tens of thousands of traders all across the world use WikiFX to locate trustworthy brokers and steer clear of scams. Educate yourself about the foreign exchange market’s vocabulary, as well as the reputable resources available to help you with trading. We learned that all customer funds, according to the regulations are kept in top-tier bank accounts and are fully segregated, as well as protected by negative balance protection. LimeFX stood as the first company with comprehensive currency exchange information presented online and the one that supported the development of currency trading in 2001. Pay attention, withdrawal of funds is possible only in the way the trader’s funds were replenished.
Order book’s patterns cheat sheet
As a regulated business, we need to be thorough in all transactions. I don’t recommend using this platform, I’ve been dealing with different platform but this, it is another story. The way they ask for proofs and evidence for your financial situation and bank statement so odd and completely not Profesional, I had a hard time to deal with this platform .