- 0 Comments
- By shreeram
- Forex Trading
For NETELLER Visa cards, LimeFx will charge 1.75 to 4.95% of your deposit. For NETELLER Maestro cards, the commission is 0 to 4.95%. You have to provide your account number and password in your email request. The only difference is the spreads and commission. These two fees depend on the asset you’re trading.
Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. Start by filling the form above and we will get in touch with you and provide you with information on how to start the process. They’ve also developed versions for iOS and Android and a multiTerminal platform that can suit if you need to manage more accounts at a time.
LimeFx Alternative Brokers
However, if there are any bank fees to be paid, you will have to shoulder that. The amount you deposited will reflect on your account within three to five business days. Newbie traders are recommended to test their skills using a demo account on LimeFx before they decide to commit to a live account.
Spreads for this asset class start from 1 pip, and the commission fee is always 0.09% of the traded value. You can trade cryptocurrency pairs all day, every day. LimeFx.com has gotten many negative reviews and traders who traded with this broker have raised many complaints against it. Now, when you have too many countries, too many regulatory bodies, and too many support teams, of course, you will have space to play with clients and their funds. Whenever clients see a broker regulated by CySEC, a tier 1 regulatory body, they believe they are dealing with a legit brokerage.
Depositing funds on your LimeFx account
This was not big deal, however I decided to leave Zulu and wanted to disconnect LimeFx from ZUlu. I cannot manage that for about three months now. Comunication with LimeFx support is super SLOW and totally incompetent! Therefore, we would advise every client to check under which entity of LimeFx broker it belongs.
We are committed to the fair handling of reviews and posts regardless of such relations. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. I am listing below few great advantages a Sri Lankan Trader can avail while working with LimeFx. LimeFx Overall Ranking is 2 out of 10 based on our testingand compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers. If you have lost money with LimeFx.com, don’t panic.
If you are going to be trading forex then you still can’t beat the efficiency and robustness of the MT4. However, if you want access to specifLimeFx and are not bothered by the unique nature of the MT5 platform then you can use this. One of the most important things that you are interested in as a trader is the platforms that you have access to at a broker. If you wanted to set up a demo account you would need to register at LimeFx. They need your contact information as well as an email to send you the login details. They will top up your account with “phantom” demo funds which would allow you to practice your strategies.
LimeFx is regulated by CySEC and VFSC, Cyprus, and Vanuatu regulatory bodies. File a complaint against LimeFx by filling out the following form. If LimeFx is doing any of these things to avoid releasing your funds, do not hesitate to leave a comment to warn others.
LimeFx Regulation and Security
First of all it is not legal and if you have proves you should apply. Secondly, there is no logic in it as according to your words they sell their clients to other partners. If you do not agree with that statement, you could request to adjust the closing price to market (9.8.16 of Attachment 03). For updates and exclusive offers, enter your e-mail below. It also has entities in Vanuatu and Scotland, UK.
This long form guide gives you the steps required to code, manage and test your own forex trading robots. Withdrawals are just as easy but you do have less options when https://limefx.group/ it comes to the type of withdrawal that you would like to initiate. If you were to choose a method, your fastest would probably be with a web wallet of some sort.
- According to some LimeFx reviews we’ve seen, the broker also has an operation in India, besides Cyprus and Vanuatu.
- If you have dealt with these folks, how would you rate the website?
- They also have an advanced risk management system in place that is able to provide negative balance protection.
- Once this level has been breached, all trading on the account will cease.
This includes trends, channels, fractals and numerous other charting disciplines. Something that we really liked about the RAMM service is that you can determine the level of capital protection on your account. Once this level has been breached, all trading on the account will cease. Whether you will pay for these signals or get them for free will depend on the provider themselves. LimeFx is merely facilitating the connection to the traders through the MT4 platfrom. You can also see a breakdown of their historical trading history.
To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this LimeFx firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with limefx YOUR MONEY. This is the reason why they are dangerous to deal with. Many readers have asked us how to remove personal info from the Internet. If you want your private data deleted from the online world, you should contact Incogni immediately.
You can withdraw funds via bank transfer, MasterCard and Visa cards, WebMoney, Skrill, QIWI, and other online payment systems. All you need to do is log in to Trader’s Cabinet and click on the withdrawal tab. Choose which mode you prefer and send your request. It’s important to note that the minimum withdrawal is $1. For a forex-specializing broker, LimeFx offers quite a bit of cryptocurrency for their clients to trade.
Are You A Victim Of Trading Scams? We Could Help
All in all, this broker is trustworthy and offers excellent service. LimeFx has a currency converter tool that allows traders to easily convert any currency to another. Simply which currency you want to convert and which currency you want to convert it to and hit the convert button. All LimeFx clients have the option to avail of their virtual private server provided by Fozzy. You are also given the option to register using your Google+, Facebook, or Twitter social media accounts.
It’s important to note that all the accounts you plan to use are on the same server. The platform may restore a negative balance on one of the customers’ accounts at the expense of the funds available on the other account. LimeFx limefx scammers is an online forex broker founded in 2008. LimeFx offers access to trading in below assets on MetaTrader 4. Last year it was rumored that nord was in trouble. I got scared, decided to take the money, received it the next day.
Well, I can say that the website is very convenient and it provides a lot of training video and other useful materials. Besides, here there are a wide range of withdrawal and deposit options. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information.
LimeFx.com: Forex Trading
LimeFx is an online brokerage company, based in Vanuatu that was established in 2008. As there is no regulation, the people running the platform can pocket your money while bearing no responsibility for their criminal actions. Companies providing online LimeFx services without a license cannot provide their clients with any sort of protection. In contrast, regulated firms are required by law to adhere to a slew of regulations that ensure the safety of client’s funds. LimeFx is an unregulated broker platform similar to Ranytrade, which we reviewed earlier.
While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that LimeFx is not a scam, read our trader reviews and check other popular trading related websites and forums. Finally, you also have an extensive Forex glossary. This has a collection of all the terms that you may come across on the trading platforms as well as in the broader forex / cryptocurrency markets. MT4 is the standard in the online trading world.
If you trade high Forex volumes then the Zero account could be for you – watch those lot commissions though. When it comes to execution of the orders, the Fix account is executed immediately whereas all the other accounts have market execution. If you are going to be trading equity indices then you will be charge a flat fee or commission on the size of the position. This is set at 0.005% of the notional of the trade. Given that LimeFx operates as an ECN broker, the spreads that you are likely to pay on the trading pairs are going to be quite low with some close to 0. You should take note of all the margin call and liquidation levels that apply to particular assets.
Leave Your Comment