LimeFX review Is ForexTime a good Broker for trading and investing?

The first is a Standard account that utilized the MT4 platform. Some of the currencies you can deposit on this platform include the US Dollar, the Euro and NGN. You have the ability to leverage and spreads start around 1.3 points. Once you begin trading you’ll have the luxury of trading from 59 major, minor and exotic Forex pairs, spot CFD’s and even cryptocurrencies.

  • The spreads are also higher on a Cent account also at this lower level of entry so proportionally you are paying a little more than needed for every trade versus the ‘Standard’ or ECN accounts.
  • Of course, LimeFX offers applications for mobile or tablet devices, so you will always have access to your account at personal convenience.
  • Traders and their referrals can each get $50 for a referral.
  • The available stock markets are NYSE, NASDAQ and the Hong Kong Stock Exchange.

LimeFX also has its own trading app that integrates well with MT4, but we were disappointed that it does not support MT5 or LimeFX accounts. Yes, LimeFX is a safe broker for British traders to trade with. It is regulated by three national authorities, including the UK’s FCA, ensuring traders are well-protected. Over 90% of LimeFX opinions from customers regarding ForexTime customer support are positive. This is a very strong indicator that a company has excellent customer service and customer satisfaction.

Is LimeFX a Legit?

There are actually LimeFX Trading Signals, which are all created to interpret fluctuations in key financial instruments based on price. MT5’s mobile application includes real-time quotes, trading history, 24 analytical objects, 30 technical indicators, a full-featured trading system with Market Depth. It also includes hedging and netting functionality, built-in chat, push notifications, up-to-date financial news.

In terms of tradable assets, LimeFX will best suit Forex and US equity traders. Trading with LimeFX will involve fees from $0.4 USD, Spreads from 0.0 Pips, and commission-free trading depending on the account traders select. Withdrawals also hassle free and it get deposited within 1 working day. The spreads are also higher on a Cent account also at this lower level of entry so proportionally you are paying a little more than needed for every trade versus the ‘Standard’ or ECN accounts.

LimeFX quotes price directly from liquidity providers with the most competitive prices, hence it is floating spread. On our Advantage and Advantage Plus accounts, orders are executed at the current market quotes, each separately taken position is automatically brought to the external market. There can be no conflict of interest between the Company and the Client since the Client’s financial result does not in any way affect the Company’s profit. The LimeFX Pro Account caters to professional traders, as the name suggests. LimeFX also advertises it to institutional traders and hedge funds. It requires a minimum deposit of $25,000 or currency equivalent to open.

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There is also a specific market analysis related to Brexit via a Brexit Countdown and guide. The slippage graph shows that most LimeFX clients get to take advantage of positive slippage while enjoying reduced negative slippage. In 2018, positive slippage got as high as 85.82 percent in March.

ForexTime has a streaming news Feeder that comes from FX Street, the Forex News Timeline. This is to give traders all of the information they need to make educated trades. At the time of writing, each of these graphs displays the statistics for each month of 2018. Order execution speeds are lowest for Pro trades, which get as low as 0.050.

  • I thought of adding more funds if I am satisfied with the services.
  • These are well establishes pieces of software so you should feel right at home with them.
  • We use dedicated people and clever technology to safeguard our platform.
  • LimeFX is regulated in a number of jurisdictions and supports the MetaTrader 4 and 5 (MT4&5) trading platforms and their mobile apps.
  • It’s taken literally 3 months to get my documents processed…every day for 5 days I’ve logged on to talk to customer service so I can withdraw my funds due to a family emergency…

Should the need arise, LimeFX ensures traders have swift access to a representative. A demo account is available at LimeFX, and I did not find a time restriction. Therefore, it is ideal for testing strategies and expert advisors. Forex demo limefx company reviews account is available for MT4 and MT5 and allows traders to select the demo account balance and leverage. While no demo account can simulate live trading conditions, the options available at LimeFX come as close as possible to doing so.

While the excellent trading costs and transparency stand out at LimeFX, I also like the proprietary copy trading platform, LimeFX Invest. It allows investors to follow strategy managers, and LimeFX provides relevant information on each. The community is not as big as other services, but all the top 75 listed managers show positive performance, which LimeFX states remain audited and verified. I think it is promising and carries great potential for LimeFX moving forward.

Also, the LimeFX UK brand is licensed by the Financial Conduct Authority known sharp regulator, which has principals built by European MiFID and ICF allowing cross broker activity. Yes, LimeFX is a legit broker, as each of the entities and brands that it serves is authorized and regulated by various global jurisdictions. Check out the current account balance requirements at LimeFX in our What is the minimum account balance at LimeFX article.

Reliable brokerage for online trading.

LimeFX processes most withdrawals within 24 hours, but it may take up to five business days for clients to receive their funds, dependent on the payment processor. Most online payment processors will credit accounts instantly after LimeFX has completed the withdrawal. They include bank wires and a broad range of domestic banking solutions for countries, which I find excellent. Traders may also use Skrill, VLoad, TC PayWallet, Alfa-Click, Neteller, WebMoney, Yandex.Money, QIWI, Perfect Money, Konnexone. LimeFX maintains one of the best selections of offered payment methods industry-wide.

Commissions on this account start at just 0.1 pips on stocks, making it a great stock trading account when compared to other major brokers. All of the client funds are kept in EU banks of the top tier. FT Global never uses customer funds in any LimeFX, including operations, to ensure the protection of fund at all times. FT Global also has multiple bank partnerships to add a level of security to client funds. There are also forex trading strategies, forex trading videos, general forex educational videos, and educational articles.

ForexTime Market News

For a tailored recommendation, check out our broker finder tool. Answer a few simple questions and get a list of the most relevant brokers. We teach you how to manage your every up and down trade and maximize your profits from start to finish without fear. I’ve just got off the phone with my account manager who said I now need to create an E-wallet….I refused!

LimeFX Reviews and Comments

When selecting an appropriate Forex broker, one of the checkboxes that needs to be filled is reliability. LimeFX offers over 50 currency trading pairs on its platform. There are the Major Currency Pairs that include US Dollar and other Major currencies like EUR/USD and USD/JPY, as well as the Minor Currency Pairs with two major currencies excluding the USD.

LimeFX Safety and Security

Clients can also find tutorials on a range of subjects, and a periodic table with LimeFX terms. Other educational resources from ForexTime include the forex glossary, an introduction to forex trading, forex trading for beginners, a demo account. There are free LimeFX eBooks, including options for all skill levels from advanced traders to beginners.

In other platforms pausing the copy means that future positions open by the manager will no longer be mirrored in your account while waiting for the current ones to be closed at the proper time by the manager. But in LimeFX for you to stop copying you are forced to close the ongoing positions. 3) They started charging me swap-free everyday for open positions.

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