LimeFxFX holds just one Tier-1 license and one Tier-2 license, resulting in a grade of “Average Risk” within the ForexBrokers.com Trust Score rating system.
- LimeFxFX promotions program currently offers a 50% deposit bonus to traders on a minimum deposit amount of $50.
- You can fund your LimeFx account through a bank transfer, Visa or Mastercard payment, the Skrill or Neteller electronic wallets and even crypto-currency.
- This broker can be a good choice for you if you live within the EU and are satisfied with its limited selection of tradeable assets.
- However, when it comes to Forex trading itself, it’s extremely important to acquire sufficient knowledge of the financial markets and use risk management techniques when trading.
- It has a one-step login and can be linked with online tools and plugins.
The next step is to select a Master Trader whose trade you want to copy from the ranking list. You should go through the list of Masters to check their trading history and performance, and then choose the one you prefer. Keep in mind that different Master Traders have different settings so you might have to adjust your balance accordingly.
They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR). It’s important to note that minimum deposits and trading costs will also depend on which LimeFxFX entity you choose for establishing your trading account. LimeFxFX has achieved a solid position in the financial trading markets, executing an impressive 1+ billion trades from over 10 million live customer accounts.
Both these platforms are developed by MetaQuotes Software for online trading. The trading platform is where traders will spend most of their time trading forex and CFDs online. It is important to comprehend the available features and terminologies available at a trading platform to make better trading decisions. Trading platforms https://limefx.vip/ for desktop, mobile and web traders are available at LimeFx. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry.
The broker also applies 3D secure Visa authorization when processing credit and debit card transactions. Also ensure you add additional security settings such as two-factor authentication (2FA) when using LimeFxFX platforms. The minimum deposit is USD100, regardless of what type pf account you choose to open.
Upcoming competitions, duration and rules can be found on the broker’s website. Traders who live within the EU will have their accounts placed under LimeFx Markets Cyprus Ltd. LimeFx Markets Cyprus Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) and traders within EU can therefore trust LimeFxFX. The outright prohibition of maysir (gambling) is sometimes discussed in Islamic finance discussions about Forex. Multiple factors, including significant economic and geopolitical events and financial indicators, influence price movements in foreign exchange. Investors are tasked with carefully evaluating these factors using fundamental and technical analyses to make thoughtful financial decisions.
The online broker is licensed and regulated by the Financial Services Authority (SVGFSA). Our experts confirmed incorporation on 15th September 2011 and found an active regulatory registration under the trading name. It is important to note that SVGFSA does not regulated Forex trading nor binary options trading. This means that all Forex trading done through LimeFxFX.com is unregulated.
How Do I Delete My LimeFxFX Trading Account?
The broker offers 80+ trading instruments including currency pairs, commodities, indices and cryptocurrencies. Traders living outside of EU will have their accounts placed under LimeFx Markets Incorporated. LimeFx Markets Incorporated does not have a license to offer forex trading and all trading is therefore unregulated.
It can also be a good choice if you are looking for a company that makes forex copy trading as easy as possible. If you prefer a broker that gives you access to a large selection of tradeable assets, then you are better off choosing another EU-regulated broker. The choice of payment methods depends on the company that you open an account with, and your country of residence. Please visit the company’s website for a list of all payment methods. If you’re short on time, or simply lack the confidence to trade Forex, the LimeFx copytrading service could be of interest.
Does LimeFxFX Offer Any Free Bonus Deals?
While LimeFxFX has improved its educational offering with webinars and live trading session recordings, its educational articles and videos suffer from a lack of variety. Download our app and keep track of your orders whether you’re in the office, on vacation, or at home. As of 25th October 2022, according to Bank Negara Malaysia, BNM, LimeFxFX is listed on its Financial Consumer Alert List, (FCA List). The FCA list creates awareness among consumers regarding entities that are wrongly perceived as being approved or licensed by BNM, the Central Bank of Malaysia. But if global statistics and reviews on Trustpilot are anything to go by, then LimeFxFX is truly a trusted brand world over.
LimeFxFX Trading Platforms
Additionally, MT4 offers nine timeframes, four pending order types and one-click trading. LimeFxFX serves as an online Forex broker, granting access to financial markets worldwide since 2011. It currently operates in over 180 countries and delivers free educational and analytical content.
The founder and owner have ensured the brand has amassed a global reach, with trading services now spanning 185+ countries. Most of the traders who use this broker are located in Indonesia, India or Malaysia. The company’s mission is to provide outstanding forex and CFD trading services, via cost-effective, transparent conditions on a worldwide scale.
“Providing basic needs to those who need” – McD’s Malaysia Donates RM1 Million to Palestine
Traders need to separately download the MT4 or MT5 trading application from the play store or app store and link it with the live trading account at LimeFxFX. Traders benefit from a range of additional educational features and trading tools at LimeFxFX, including video tutorials and webinars, plus regular forex market insights limefx broker reviews and news. The brokerage also offers profit and margin calculators, as well as a forex signal service with the Autochartist plugin and live quotes. The overall score might seem lower than what each category’s score indicates. This is due to the fact that LimeFxFC forex trading is unregulated outside of Europe.
Your funds will be held in segregated accounts, and you’ll also enjoy negative balance protection, no matter which entity you open an account with it. Negative balance protection means that LimeFx will re-set your balance to zero, should it ever become negative. LimeFxFX is not regulated in Malaysia & they are not licensed by the SCM.