Is Forex Trading A Scam?

In this LimeFX review, we have provided complete information on LimeFX for educational purposes and must not be treated as investment advice. One of the reasons for LimeFX’s popularity among traders is its customer service team. The trading platform offers 24 hours customer service five days a week, where users can reach them via phone, email, and SMS. There is also a trading desk that provides direct support to active traders 24/5. – TheForex Broker offers currencies, commodities, indices, metals, and cryptocurrencies to trade.

Is LimeFX legit

Algo trading is on a good level too with various strategies and languages included. A bank transfer can take several business days, other payment methods are up almost instant maximum a day to be posted. The company is operating various entities and is regulated by several financial authorities, including the top-tierUK’s FCA, Australian ASIC, FSCA in South Africa and CySEC Cyprus. In 2015, LimeFX racked up losses accumulated by its clients who were hit by slippage after the de-pegging of the Euro and the Swiss Franc by the Swiss National Bank. LimeFX was only able to stave off bankruptcy by an emergency deal which saw the company sell of a substantial stake of its business to Leucadia for $300million. As far as research is concerned, traders can access technical and fundamental research using the LimeFX Market Scanner, Grid Insight Index, Daily Technical Analysis and Market Data signals.

The funds of the investors and customers are placed in a separate bank account that is restricted from the business creditors in case it runs at a loss. The eligible compensation fee in some specific conditions is up to £85,000. In addition, LimeFX only uses regulated payment methods for the fund of clients. The total activity of accounts LimeFX globally is more than 130,000. They have successfully bagged different kinds of awards in the industry.

Sign Up To A Retail Account At LimeFX

Thus, as per our Trading Station review findings, the desktop version is ideal for advanced traders, while Trading Station web 2.0 is easy to use for beginners or new traders. Nevertheless, where web-based trading systems are concerned, the Trading Station web version is the best in the industry. It is based on HTML5 and has useful elements like economic calendar, Education and Research, trading analytics, LimeFX Cloud, and Charts. Trading Station is the proprietary trading platform for trading Forex and CFDs, suitable for traders of every skill level. The platform offers some of the best analytical tools available in the desktop platform, web platform, and application for Mac, Android, and iOS devices. The forex broker offers industry-standard phone and lives chat coverage 24/7, with an extensive collection of toll-free phone numbers and a direct line to the trading desk.

LimeFX Review 2022: Is LimeFX Legit or Scam? - CryptoNewsZ

LimeFX Review 2022: Is LimeFX Legit or Scam?.

Posted: Wed, 02 Feb 2022 08:00:00 GMT [source]

The platform is showing you signals from other traders and the previous stats. You can check if a signal provider is profitable or not and then choose to copy it. In addition, this software got good risk management tools for social trading. Multi-charting, one-click trading, and technical indicators are provided by LimeFX. Also, technical drawing tools can be used for your analysis. The TradeStation is allowing automated strategies that can be backtested directly in the platform.

Once the request is processed, it takes a few more days to get credited to the user’s bank account. LimeFX customer portal provides an analytical report in the account summary section where the users get handpicked trading analytics reports based on their trading practice and preferences. Users can use these reports to perfect their trading skills.

Many brokers ignore tens of millions of traders relying on the MT4 infrastructure for their trading operations, but at this brokerage, it is not the case. Traders need to upgrade MT4 through third-party plugins, and over 2,000 free ones are available at LimeFX, together with limefx company reviews 700 more for purchase. The number continues growing due to the popularity of the platform. NinjaTrader is also available, a lesser-known trading platform but the most prevailing independent one. Social trading is offered via ZuluTrade, a market leader in this sector.

When it comes to deposit and withdrawal commissions, LimeFX deliberately chooses not to charge you a penny for transactions. If your account is inactive for 12 months, however, you’ll be charged 50 USD per year. During our review of the broker, our team wasn’t able to find bonuses for international clients of LimeFX. This is limefx review not something to be disheartened by, however, as it shows that LimeFX has clearly chosen to push its lucrative trading conditions over short-lived incentives. LimeFX is also a member of Leucadia, now known as Jefferies Financial Group, which is a well-established American financial company that is listed on the Fortune 500.

Where LimeFX Shines

We do our best to provide a prompt service, and it means a lot to know that we have succeeded in doing so. If you ever need anything else, our team is always happy to help. LimeFX shows a strong focus on custom service, and offer trading most popular products in a variety of ways. All information on 55brokers.com is only published for general information purposes.

LimeFX Review 2022: Is LimeFX a Legit Platform or Not? - CryptoNewsZ

LimeFX Review 2022: Is LimeFX a Legit Platform or Not?.

Posted: Tue, 28 Dec 2021 08:00:00 GMT [source]

Benzinga is your source for anything Forex, and we're detialing the best forex books to read when trading in this profitable market. Benzinga provides the essential research to determine the best trading software for you in 2022. I use them and is one of the best for new traders ti start with. I just read the LimeFX review and it was really much too long. It's nice to know a lot about the broker but it could have been much shorter. LimeFX has an online application form, which is the standard operating procedure.

Discover The Fees And Commissions

Trading costs differ from one type of user account to another and also vary based on the market where the trade is conducted. Most often, any CFD and Forex trading or spread betting user account is commission-free when trading spreads. As the name suggests, it is a trading simulator that enables traders to backtest their trading strategy. Users can log in to their demo accounts using their registered email address and password. Once the registration is complete, they receive $20,000 virtual money for trading.

  • LimeFX Mirror Trader has not been available in Japan since 2015 when LimeFX announced that it would no longer be supporting Tradency’s Mirror Trader.
  • The last version was really only useful for checking price action and scrLimeFXhing the itch to see what's going on in the market.
  • It's undeniable that many people fall victim to predatory financial operations and that much of the public suspicion toward the capital markets is justified.
  • I have both demo and live accounts with LimeFX an yes the demo does not trade like the live account.
  • The customer service representatives are very professional and respond quickly.

Yes, LimeFX has a forex traders dashboard that is freely available on the official website. Forex traders can use the information under “Trade Volatility” to view a variety of options that can assist forex traders in making more informed trading decisions. With NinjaTrader and LimeFX, forex traders can add a competitive edge to their trading. If you are satisfied with your research on a particular broker, open a mini account or an account with a small amount of capital. Trade it for a month or more, and then attempt to make a withdrawal. If everything has gone well, it should be relatively safe to deposit more funds.

LimeFX Forex Trade Platform And Broker Review

Read on to learn more about why it might be the perfect place for you to trade. Global Brokerage filed for bankruptcy in November 2017, but officially reorganized in February 2018. Jefferies Financial Group remains the de facto parent Money company of the LimeFX Group. These scams can be incredibly difficult to spot and account for, but their presence must be respected in the marketplace. LimeFX Group has been in the commodities and currency trading industry since 1999.

In September 2016, Leucadia extended the original two-year loan by one year. LimeFX Markets Limited ("LimeFX Markets") is incorporated in Bermuda as an operating subsidiary within the LimeFX group of companies (collectively, the "LimeFX Group" or "LimeFX"). LimeFX Markets is not required to hold any financial services license or authorization in Bermuda to offer its products and services.

Is LimeFX legit

New traders will go through a quick three-step application process at LimeFX. As stipulated by regulatory requirements, each account needs to satisfy KYC/AML requirements. This is conducted with a copy of the trader’s ID and one proof of residency document.

LimeFX offers its users the ZuluTrade, which is one of the largest social trading platforms in the world and is available on desktop and mobile apps. Essentially, the ZuluTrade allows traders to copy the trades of experienced traders in the forex and CFD market and also interact with other members of the community. You should note, however, that you can only Stock market index option use ZuluTrade on the Trading Station account. During our research for LimeFX review, we performed a detailed study of the LimeFX online broker. We have listed LimeFX’s features, benefits, and drawbacks to provide information for both new and experienced traders. But before proceeding with the review, readers should know that trading CFDs involves high risk.

Not every forex broker is licensed, regulated and reputable. Many operate outside of anyone's jurisdiction and are free from compliance requirements. While some may be reputable, clients have few options for dispute resolution. This opens the door to a collection of broker-initiated fraud, ranging from embezzlement to spread manipulation. MT4 trading platform, NinjaTrader, and ZuluTrade are some of the other trading platforms offered at LimeFX, apart from its proprietary Trading Station. LimeFX charges trading fees along with other service charges and commissions from users.

Our team is always happy to help, and we always appreciate when our clients make the interaction mutually pleasant. We are happy to hear that you are satisfied with our service. Comments like yours keep us motivated to keep improving and we are confident that you will enjoy what we have planned for the future. Dedicated team on chat and phone, ears always open, and with respect to withdrawing ... We put great effort into ensuring that our clients are assisted promptly and effectively, and we are glad to hear that this was the case with your experience as well. Free research, insights, strategies outlook, along with great designed LimeFX tools with LimeFX Plus, Market Scanner, Trading signals with technical levels all at your disposal.

Please ensure you fully understand the risks and seek independent advice.By continuing to use this website you agree to our terms and conditions and privacy policy. Tom is an experienced financial analyst and a former grains derivatives day trader specializing in futures, commodities, forex, and cryptocurrency. He has over 10 years of experience in the Finance industry spanning across a day trader position at Futures First, and a web content editor and writer at FXEmpire.

The LimeFX customer support team is also very helpful and knowledgeable, giving you peace of mind should anything ever go wrong. As of 2018, an estimated 13.9 limefx cheating million people traded forex worldwide. In addition, there are thousands of brokerage services, signal providers and FX funds in operation around the globe.

Exclusive Trading Signals represent another service for traders to receive trading signals. LimeFX Mirror Trader has not been available in Japan since 2015 when LimeFX announced that it would no longer be supporting Tradency’s Mirror Trader. Mirror Trader is generally considered to be LimeFX’s primary copy and social trading platform add-on, but other similar alternatives have become available such as ZuluTrade. LimeFX recommends a balance for a Mirror Trader account of US$10,000 because a higher starting balance provides more flexibility in trading.

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