LimeFx Review, Forex Broker&Trading Markets, Legit or a Scam-WikiFX Score:8 90
Contents
For example, we had to ask several questions until we got information on how their financing rates work. On the other hand, we experienced a slight improvement in the last few months. The news feed, called ‘Market Buzz’, is a visually appealing interface that offers news analytics and sentiment indicators. Individual news stories, provided by third-party news sites such as ForexLive or tickerreport.com, open on a new page, which is rather cumbersome.
MetaTrader 4, and 5 (and even cTrader’s) interface are quite outdated. The LimeFx interface might confuse you if you’re used to modern brokers. Many countries within and outside the European Union can access LimeFx, including the United Kingdom, Australia, Germany, France, LatAm and many more.
A very convenient broker in terms of technical issues. I have set up push notifications, now I don’t miss a single movement in the market for the assets I need. And it’s convenient, you don’t have to constantly sit at the https://limefx.biz/ computer to guard, the functionality is no worse here. See how LimeFx compares to the leading Forex brokers by reading one of the reviews below. Phone support is offered on a call-back basis through the Help Centre.
I had to hire a solution professional to get my funds back from them. I’ve gotten so many complaints from victims all over concerning this broker. Since, LimeFx team has a significant amount of experience within the forex industry, hence understands what traders want and need exactly. Educational materials provided on a free basis and allows to obtain a clear vision of the topic through regular technical analysis reports, video tutorials, informational tools, webinars and more. LimeFx strives to offer not only the best technological solutions but understanding the necessity of good quality customer service and support. The broker support is available 24/7 and runs customer offices in various regions, so that all global is covered with LimeFx available to answer or assist teams.
The Withdrawal, P/L & Market News updates & processes
The Standard Accounts have spreads from 0.6 pips but no commission charged. 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. I am an LimeFx banker for over 24 years UK and internationally and I have also worked for top tier banks within there legal space in regards to regulations.
Despite being regulated, they still find a way to take client money on the trick of terms and conditions. Post your proofs on forexpeacearmy as well, and if you have a solid argument, they’ll put a red mark on their page there to warn other traders. Moreover, if you are willing to go into the partnership with the broker there is an offer by MAM and PAMM multi-account management systems that are flexible and easy to use tools. With a license and regulation from ASIC, which one of the strictest and most demanding financial regulators, IC Market traders can feel completely confident. The money protection provided through multiple regulated ways and includes the client money segregation while accounts accessed by the client only and used for the purpose of facilitating their own trading.
I have personally used the cTrader accounts, the standard account and the raw spread account. My favourite is definitely the cTrader account purely because I love the cTrader platform itself. The account though is identical to the raw spread account in terms of execution and costs. I would highly recommend the raw spread account to all traders, especially those that are trading on lower time frames, so would benefit from a low spread and small commission trading structure. The reason they have only setup a raw trading since Feb 2020 is the fact that IC AU regulation had stated can only be used for AU citizens, hence IC EU / Seychelles were setup to facilitate EU citizens. I did that and they complied and where very swift in doing so.
- Opening an account only takes a few minutes on your phone.
- If you have any issues during this account set up process, the 24/7 live chat support are on hand to help you in any way needed.
- Nor PublicFinanceInternational or any of our affiliates makes any recommendation or implies any action based on the information we proved to you.
- Low spreads and fast executions trading NFP or other high impact news so IC has everything for my needs trading just gold and GBPJPY.
The platform also has a built-in capital protection feature called ZULU Guard. Low fees overall and no fees for standard account deposits/withdrawals or account inactivity. All reviews, research, news and assessments of any kind on The Tokenist are compiled using a strict editorial review process by our editorial team. Neither our writers nor our editors receive direct compensation of any kind to publish information on tokenist.com. Our company, Tokenist Media LLC, is community supported and may receive a small commission when you purchase products or services through links on our website.
Trading ideas
They have really high ratings and pretty good feedback on various sites, so I’d consider them pretty safe to use. Could be their own fault or some miscommunication, so you’re probably good limefx forex brokers reviews to keep trading with them. Maybe OP will come back here with more info. MT5 is the latest version of MT4 and has all the positive features of MT4 with more powerful trading capabilities.
Finally, the selection of forex pairs offered by LimeFx includes the most popular pairs such as the EUR/USD, GBPY/USD, and USD/JPY, along with certain exotic pairs such as the GBP/TRY and the CHF/SGD. Additionally, clients from the United States, Canada, and Israel can’t trade with this broker. On the downside, they don’t provide negative balance protection. Clients money is held separately to company funds at AA rated Australian banks. Search functions in the mobile trading app are much more intuitive and alerts and notifications can be set but only through the desktop version, which is a bit inconvenient. However, a few features are different, including the fact that you can set alerts and notifications sent via mobile push or e-mail.
Deposit and withdrawal
Low spreads and fast executions trading NFP or other high impact news so IC has everything for my needs trading just gold and GBPJPY. Easy deposits and withdrawals to top it off. Overall the best and it has that reputation in the retail trading world. It’s not great to be trading with anunregulated broker as they can manipulate prices, scam you and even not pay out your hard earned withdrawals. The answer is LimeFx are regulated by various governing bodies to provide financial services.
But then again, what forex brokerage hits this mark? Start here by going through this in-depth guide on forex trading. One difference with the Meta Trader 5 upgrade is that traders can now trade in single stock entities. Another addition is the opportunity to code and save custom indicators using MQL5. There are other desirable customization perks as well. ☑ Flexible lot sizes as small as 0.01 to minimize trading risk.
As a final note, it is possible to trade several common assets , yet they do not offer the most extensive range in the industry (e.g. no CFDs on European equities). The Raw Spread account, in this case, the fee is 3.0 USD per lot when opening and closing a trade (total of 6.0 USD). Market Buzz contains news and updates about the financial world.
There are no inactivity, deposit or account fees. This broker has some of the best spreads in the market, for EUR/USD is almost always 0 with the raw account. We are greatly saddened that our services did not reach your expectations.
How to Open an Account?
Free demo account allows access to all trade types and markets. If you are an aspiring forex trader from the U.S., Iran, Israel or Canada…well, good luck. You won’t be trading through LimeFx anytime soon. The platform is not able to serve traders from those jurisdictions. LimeFx is the largest single online forex/CFD brokerage in the world.
LimeFx deposits are free of charge.There are many ways to add money to your account, although some of the deposit options are not available for each account base currency. For example, BPay accepts only AUD payments. To read much more details about the broker’s services and features, expand on the sections below. Please read LimeFx Reviews limefx below and share live trading experiences with this broker. ICMarket also offers VPS service, cAlgo FIX API, more than 20 MT4 add-ons and indicators, educational content, Myfxbook AutoTrade, ZuluTrade, and market analysis blog. LimeFx is an Australian forex broker established in 2007 and regulated by ASIC, CySEC, SCB , FSA , and FSCA .
To add them, go to ‘Tools’ and select ‘Options’. Similarly to the web trading platform, LimeFx offers MetaTrader 4 as its mobile trading platform. MetaTrader 4 is available for both iOS and Android, and we tested it on both. Yes LimeFx doesn’t have its own self-developed trading platform. Its most used trading platform is MetaTrader 4, a third-party platform.
LimeFx offers leverage based on the entity you trade. While initially leverage opens the path to the forex market for Retail traders with a quite low or small initial deposit to cover margins. The use of leverage can magnify gains but you should always remember that losses can also exceed your initial deposit. LimeFx’s deposit and withdrawal services are great, with many options available, mostly free of charge. On the negative side, withdrawal can only be made in the way that funding happened.
Got all my funds recovered after weeks of getting in touch with them… over $256,850 recovered after my trust wallet account was being hacked and manipulated. I was scammed twice before by fake recovery company who said they could help but didn’t. Traders have no inbuilt negative balance protection so individual stop-loss setpoints are crucial. High leverage with few protections makes LimeFx a particularly risky choice for newbie traders.