CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe,
Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting,
and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities. LimeFx is overseen by the top tier financial regulators International Finance Corporation (IFC) so can be considered a good broker. Please note that the list of payment methods below depends on the LimeFx Entity and the client’s Country of Residence.
It is regulated by the Financial Services Authority (FSA) of Saint Vincent, which enforces strict regulatory standards. The broker adheres to stringent international laws to prevent money laundering and terrorist financing. To ensure client fund safety, LimeFx segregates client funds from its operational finances, holding them in top-tier banks.
However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders. To be able to fund your trading account, you have to complete the identity verification (Also read about Fortrade minimum deposit). 👉 LimeFx is not regulated or authorized by the Central Bank of Nigeria (CBN), and the broker does not have offices in Lagos, Nigeria. However, this https://limefx.group/ offshore broker can offer its services and trading solutions within the country to beginner and professional traders alike. LimeFx prides itself on being a reputable member of The Financial Commission, a revered independent entity in the financial services sector. This affiliation accentuates LimeFx’ commitment to maintaining transparency, integrity, and ethical conduct in its operations.
Pricing and Fees
LimeFx execution quality is confirmed by Verify My Trade (VMT) and must comply with the execution standards set. The trading history is analysed by VMT on a monthly basis and every client can get access to the audit data by checking the Verify My Trade Execution Certification. Andrew has a well-established career in fintech and came up with comparebrokers.co to make
trading on financial markets more transparent and accessible. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.
- Choosing a trading platform requires a significant amount of research and analysis.
- This detailed LimeFx review has been researched and fact checked by industry experts with over 30 years of financial experience in Forex.
- To learn more about the LimeFx funding and withdrawal options available in your area, you can explore the LimeFx website.
- It is important to note that LimeFx may request additional documents or information to verify your identity or comply with regulations.
- But an offshore status of the company does not guarantee the provision of services at the necessary level of client and funds protection.
- The brokers experts take an active part in various industry conferences and events, where they discuss trends and prospects of financial markets.
It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Although we found some very useful aspects of the LimeFx platform that would be useful to some traders. However, remember that you won’t be able to make trades on LimeFx until you have passed compliance, which may take several days, depending on your circumstances. It’s essential to complete the LimeFx KYC compliance process as soon as possible to avoid any delays in accessing the LimeFx platform’s features. It’s worth noting that the expiration date of the proof of address document may differ for different entities under LimeFx Brand.
The broker was established in 2007 in Saint Vincent and the Grenadines and has active regulatory status with the FSA in Saint Vincent and the Grenadines, with no active warnings against the broker. AMarket, a pioneering online broker, has been making waves in the world of digital trading. Offering users a seamless and intuitive platform, AMarker has successfully democratized trading, making it more accessible and understandable for both new and experienced investors. This review will delve into the features, benefits, and aspects that set AMarker apart in the crowded online brokering space.
LimeFx Review Conclusion
The task becomes even more daunting when considering the vast number of online brokers like LimeFx available, each with unique features, fees, and regulations. Even though the trading offering might seem attractive, in our opinion, you may find something more interesting among the regulated brokers. But an offshore status of the company does not guarantee the provision of services at the necessary level of client and funds protection.
I had no doubts when opening an account, I studied the reviews about the company, so I knew that the LimeFx broker was reliable. As per U.S law, brokers regulated by CFTC are the only brokers allowed for USA traders. So, except for LimeFx, you are only permitted to trade with the U.S-regulated platforms. LimeFx does not offer comprehensive resources and materials for beginners and is more suited to traders who have some trading experience.
For advanced traders, LimeFx provides technical and fundamental market analysis, as well as access to Expert Advisors for automated trading strategies. This focus on education demonstrates LimeFx’ commitment to supporting its clients at every stage of their trading journey. In recent years, LimeFx has made several newsworthy announcements that have further solidified its position as one of the leading online brokerages. In 2018, the company was awarded an e-money license by the Estonian Financial Supervision Authority (EFSA). This license allows LimeFx to offer a range of financial services within the EU’s single market. Additionally, in 2019, LimeFx announced a partnership with MetaQuotes Software Corporation to provide traders with access to its MetaTrader 4 and 5 platforms.
Trading Risk Disclaimer
The FAQ section will help you find answers to the most frequently asked questions about trading with LimeFx. This is nothing ground breaking but it is nice to have everything easily accessible in one place. It also means you might not need to wait to hear back from support to get answers to your questions. The material does not contain (and should not be construed as containing) investment advice or an investment recommendation,or, an offer of or solicitation for, a transaction in any financial instrument. After extensive research over several years, we have compiled a list of the most effective LimeFx alternatives available today.
What can you trade with LimeFx?
Spreads are variable and depend on the market conditions and the type of account. The broker offers lower spreads for popular currency pairs such as EUR/USD and GBP/USD, which can be particularly beneficial limefx forex brokers reviews for traders who trade these pairs frequently. However, it’s important to note that trading costs can also include commissions and fees, which vary depending on the account type and the trading instruments.
This regulatory body sets certain standards and policies that the broker must adhere to, ensuring a secure and transparent trading environment. However, it’s important to note that the FSA is not a top-tier regulator like the UK’s Financial Conduct Authority or the Australian Securities and Investments Commission. LimeFx takes the security and protection of its clients’ funds very seriously. The broker employs high-level encryption technology to protect the data and financial transactions of its clients. In addition, client funds are held in segregated accounts, separate from the company’s operational funds, which adds an extra layer of security.
Lastly, with the growing popularity of cryptocurrencies, LimeFx also offers crypto trading, including Bitcoin, Ethereum, and Ripple, among others. MetaTrader 4 is revered as the industry standard, offering an unparalleled combination of ease of use and functionality, making it the quintessential choice for online trading. This revolutionary Copy Trading Service stands as a beacon of innovation, offering a harmonious blend of simplicity, control, and flexibility for both investors and traders.
Striving to create an economically conducive trading atmosphere, LimeFx exempts swaps on commodities and indices and has refined swaps for metals, currency pairs, and cryptocurrencies. This refinement results in a 30% saving on swap fees for clients, augmenting their financial latitude. Additionally, the broker facilitates 24/7 cryptocurrency trading via the MetaTrader 4 and MetaTrader 5 platforms. Venture into a world where trading conditions are supreme, harboring hundreds of assets and offering an expansive array of trading options. Since our inception in 2007, LimeFx has been a beacon of impeccable service, merging innovation with customer-centric approaches to present our clientele with a seamless and rewarding trading experience.
A LimeFx demo account provides a risk-free environment for experimenting with the LimeFx platform’s features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in LimeFx trading decisions. 👉 LimeFx is an offshore broker that offers internet trading to customers worldwide. LimeFx provides the well-known MetaTrader platforms, a variety of account types, a variety of trading tools, and instructional resources.
They also offer a selection of useful trading tools and educational materials to assist traders with making informed trading decisions. There are copy trading solutions for those who may not have the time to trade by themselves. Despite the many positives, I think they are let down by a lack of top-tier regulation. If this matters to you, please feel free to search for an alternative in our broker ratings. Otherwise, you could try an LimeFx demo account to see if they live up to your expectations.
MetaTrader 5 incorporates superior trading functionalities and advanced tools, ensuring comprehensive price analysis, sophisticated algorithmic trading, and optimal copy trading experiences. By opting for LimeFx, you are choosing a trading partner that is devoted to offering not just a platform but an enriching trading journey. Copy Trading Service demystifies the trading realm for investors, allowing seamless access to a plethora of strategies within the platform. It enables you to mirror trades from seasoned traders and share in the profit percentage, irrespective of your trading acumen or professional knowledge. This service stands as a testament to the innovative blending of simplicity and functionality.