I found them easy to understand but they are not updated that frequently. If market analysis is important to you, then LimeFX have an excellent selection of frequently updated expert insights. In summary, our end-to-end review of Eagle FX was largely positive. We found the trading arena itself highly comprehensive, with the MetaTrader4 platform https://limefx.vip/ providing us with all of the required technical charting tools we required. We also liked the very fact that Eagle FX is familiar with Tier One liquidity from major financial institutions like Barclays and Deutsche Bank. This ensures that traders of all shapes and sizes are catered for, which again, is fully backed by Straight Through Processing .
Even though LimeFX is a popular broker, there is no known or confirmed regulation or authorisation from reputable regulatory entities. This means that there is no watchdog that can ensure that LimeFX fulfils its financial obligations, or that traders receive legitimate services. MetaTrader 4 is also known for offering quick trading functions, allowing traders to lock trading orders from the charts in a quick click. In addition to this, MetaTrader 4 is inherently known for implementing strict and reliable security standards, with data and information being encrypted. MetaTrader 4 comes with a variety of powerful interactive charts provided in different styles and in multiple timeframes. There is a plethora of analytical functions that traders can use to refine their trading, including technical indicators and a variety of drawing objects.
The minimum deposit amount required to open a broker account with LimeFX is $10 which, when compared to other brokers, is low. When evaluating brokers, the ease with which deposits and withdrawals can be made is another imperative factor to consider. The MetaTrader 4 trading platform is available for use by all traders regardless of whether they are beginners limefx scam or professionals. Using this trading platform, traders can expect dynamic charting capabilities and a plethora of analytical functions. Richard has many years of experience in broker research, testing, analysis and reviews. He knows what to look for through years of trading himself with different brokers and listening to the feedback of others.
TRADING PLATFORMS, SOFTWARE, AND ITS FEATURES
LimeFX offers one core account type where there are 4 Vaults which act as a landing account. Support are really fast at responding and withdrawals are spot on. Ive been happy and have used them more and more as time has gone on. The withdrawals are quick and my orders are processed accurately and on time.
In addition to the large choice of tools in the platform, the broker supplies an economic calendar which can be a very useful tool for fundamental analysis of the markets. However, they are lacking in terms of automated analysis software and I think they could benefit from integrating with Autochartist or Trading Central. These are both excellent trading tools that you can get free from some other brokers such as LimeFX.
This ensures that client money is not stored on the broker’s web server but instead within an external storage device, safe from hackers. The only research tools offered by LimeFX relates to the Daily Market Analysis and the Economic Calendar. For all other research tools, resources, and materials, traders can access MetaTrader 4, which offers a significant number of useful tools. LimeFX does not offer traders with any education or training on the official website. However, traders can access a variety of training and education through the MetaTrader 4 trading platform. Margin is the amount required at the start of every trade which is collateral for any credit risks which may arise while trading.
My funds were sent to a “so called” bank broker at Mutuelbnunion.com to do the transfer, but fee after fee has been asked before the transfer can be done. I’ve paid over $50k to this bank broker to get my “so called” funds, and fees continue to be asked after I’ve been promised by Eagle there would be no more fees. I’ve wiped out my little retirement fund as well as my husband’s to try and get my funds. It has been almost 1 1/2 months since I should have received my funds.
- I understand that lack of regulation would deter some potential users, but at the same time it enables them to offer certain products and features that a regulated broker cannot.
- LimeFX does not charge any additional broker fees such as conversion, inactivity, or account management and maintenance fees.
- If you would prefer to speak to someone over the phone, you can request a call back and they will be happy to give you a call.
- Spreads and fees are even more important for lower time frame traders as they typically get less of a pip reward per trade.
- I used their demo account first and got plenty of practice before placing any real trades.
- Spreads and fees will be on every trading product so it’s really important to know how much every trade taken is going to cost you as a trader.
It is actual stock market indexes which measures the value of a specific section of a stock market. As with currency exchange markets, commodity markets offer trading in contract-based tradable goods. In addition to these fees, there are swap fees which must be considered.
TYPES OF ACCOUNTS AND ITS FEATURES
I deposit and withdraw using bitcoin and have been impressed how quickly these are processed. I found the sign up process straight forward and the FAQ was useful as I’m sure all new traders would agree. Huge gains appeared to be happening, and during the trade a surge stopped the system. 10% of profits was needed from the investors to correct the issue, so I put in 10% of profits, which was $5k at the time.
Once I began placing real trades I was pleased to find that the whole process is very simple and the execution of each trade was quick. Please read LimeFX Reviews below and share live trading experiences with this broker. Apart from the lack of regulation, there is a lot of missing information on the official website which may label LimeFX as a scam broker.
LimeFX Reviews and Comments
These are either debited/credited depending on whether the trader holds a long or short position. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings.
On ForexPeaceArmythey have a score of 4/5 stars, with a decent amount of reviews from traders that are thrilled with the conditions and have no problems. A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more. LimeFX offers traders with the use of the award-winning and popular MetaTrader 4 which was developed by MetaQuotes.
The tight spreads, tier 1 liquidity, rapid execution speeds and high leverage make it a truly great broker, condition wise. Beginners can benefit from the minimum deposit of just $10, making it a great platform to practice and learn on. LimeFX have a decent variety of convenient quick and easy withdrawal and deposit options.
Leveraged products, such as Forex, increases the potential profits of the trader, but it also increases the risks and subsequent losses that the trader may incur. LimeFX does not charge any additional broker fees such as conversion, inactivity, or account management and maintenance fees. When evaluating a broker, it is imperative to look at the fees which are charged. These often depend on numerous factors including the spread, commissions, and margin requirements.
We do not provide financial advice, offer or make solicitation of any LimeFXs. LimeFX provide clients with some limited daily analysis covering a variety of different market and trading instruments. These articles on the brokers website cover technical and fundamental analysis which can be used to help inspire potential trading ideas.
Once you’ve found your asset and clicked on the respective buy/sell button, you then have variety of options to completely customize your preferred order. This includes stop loss and take profit orders, also as pending orders like buy and sell limits, and buy and sell stops. This is fully complemented by a variety of technical analysis tools and indicators – all of which are facilitated via the industry-standard MetaTrader4 platform. All information on forex-broker-review is only published for general information purposes.
No, but you may incur withdrawal fees from your payment processor, which are beyond the broker’s control. The minimum deposit amount required to open an account with LimeFX is $10. According to LimeFX, it uses cold storage to ensure that client funds are kept offline away from any online threats. Rates, terms, products limefx official site and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.