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The forex broker also offers their custom-made Gwazy trading platform. Both of these platforms are compatible with iOS and Android devices, which makes it easy to execute trades on the go. LimeFX offers minimum trades of 0.01 lots which may vary depending on the account type one uses. Compared to other best forex broker in the market, LimeFX offer negative balance protection as a risk warning that acts as an assurance to reduce risks and uncertainties. This is one of the best trading features that prevent a trader from losing more funds than deposited.
- Always check the broker’s regulations, know how financially secure the firm is, and find out whether the broker is transparent and reliable.
- This branch is also monitored and regulated by JSC , and it accepts customers from the Arabic and Jordan regions and operates from Amman.
- It calculates the profit or loss of trading instruments which may not be possible to calculate manually with just the opening and closing prices.
- Different account types, the Prime Account or Zero MT4 accounts, as well as a demo account and an Islamic or swap-free option.
LimeFX’ multilayered educational materials are also varied and very instructive. Traders at LimeFX can also trade with the 16 leading global indices and stocks such as NASDAQ, Dow Jones, UK100, and S&P 500. Any action you take upon the information you find on this website is strictly at your own risk and we will not be liable for any losses and/or damages in the use of our website.
Broker Types
Increasing the protection of client deposits is a €5,000,000 insurance policy. LimeFX displays its understanding of a business-friendly regulator that grants traders a competitive trading environment and the importance of providing additional protection. Seldon LimeFXs Limited/Jordan is the LimeFX subsidiary, authorized by the Jordan Securities Commission .
To qualify for a deposit bonus, you must first successfully register for an account with the broker. You can then select a welcome bonus if you have trading from a country where bonuses are allowed by the regulator. Windsor does not accept false accusations of being liars or that money are taken from clients’ accounts, limefxhout a valid reason. Enhance your online trading experience limefxh the powerful, reliable and easy-to-use MT4. Enhance your online trading experience limefxh the powerful, reliable and easy-to-use MT4 for desktop. Nowadays, Android phones are everywhere, and everyone can access it, but there is an inconvenience that not all or applications can be installed for all phones.
Crude oil spreads go as low as 0.03 pips while zero-point spreads are available on indices and shares. Traders with larger bankrolls may apply for a VIP Zero account, which comes with a dedicated client manager and one-to-one meetings with technical analysts. In terms of online support, LimeFX has won awards for its transparency and customer service due to its responsiveness and ease to get hold of online support. No, LimeFX does not have a Traders Dashboard from which traders can get an instant overview of current market events or updates on the latest news. Yes, LimeFX has a blog with a technical outlook and news section, where daily articles on world events and subsequent market effects are published. The broker website and content are available in several languages including Farsi.
LimeFX Review – What You Need To Know Before Trading
LimeFX’ fees are quite competitive, especially for retail traders. This is due to a combination of commission-free trading and low spreads on an MT4 Trading account. Swap rates would naturally fluctuate over time because of changing market volatility, but those limefx scam too were relatively low at the time of our review. And as long as traders remain active on the market, they are unlikely to incur any major non-trading fees. To review LimeFX, Windsor shines when it comes to Research and Development compared to other companies.
- We would recommend traders stay away from unregulated brokers like AEX Trade and trade with licensed brokers.
- Firms and individuals, who need to possess the relevant regulations issued by the National Futures Association or the Commodity Futures Trading Commission , will be allowed to solicit or approach US citizens.
- Multilingual support is available 24/5 via phone, email, and live chat.
- Traders can also use the simulated environment of a demo account to test and update their strategies’ parameters and adapt them to the ever-changing market conditions.
Although the company has been functioning in financial markets since 1988, it moved a portion of its forex business model operations in 2005. LimeFX has become one of the leading contenders in this industry and mainstream forex and CFD trading platform catering to retail and corporate clients. Being one of the best brokers, Windsor provides an insurance policy of €5,000,000 to protect against financial loss. The platform also provides limefx website social trading, copy trading, complex instruments, leveraged products, deposit bonus, and a wide variety of currency pairs. All in all, compared to other brokers in Cyprus, Windsor is one of the region’s longest-serving brokers, providing the best competitive services suitable to all kinds of retail and professional traders across the world. AEX Trade is not a licensed or regulated broker even though it states offers that look good to be true.
LCG Minimum Deposit
Let’s delve deeper into how the LimeFX site review how forex, limefxcks, shares, indices, and CFDs work and how one can use different trading strategies and trading skills to reap the maximum advantage out of it. The term “good broker” may vary from trader to trader, according to their requirements. LimeFX offers trading services in foreign exchange, CFDs, indices, stocks, shares, and futures. According to the LimeFX website, the minimum deposit requirement is $100 for Prime account holders and $2500 for Zero account holders. LimeFX website offers a dedicated client manager who discusses LimeFX objectives and provides financial advice since forex and CFDs trading involves risk.
They have account types that suit everyone, and of course they have Islamic accounts. LimeFX does not currently run any contests but did advertise some in the past. Windsor launched a weekly demo trading competition called DEMO 500 to new clients in 2020, as well as a Market Events Prediction Contest. For Prime account holders, the EUR/USD spread is typically 1.5 pips while with the Zero account, the same spread is around 0.2 pips, and can even drop to zero.
It appears that the program has no minimum lot size requirement, as LimeFX awards points from the first 1.0 standard lot, per its description. Traders must have more than 10 points to qualify for a payout, https://limefx.name/ and at 0.2 points per 1.0 lot, which is the lowest tier, that would require 50.0 lots. A Forex broker is a company that provides traders with access to platforms that allow them to buy and sell foreign currencies.
Traders who go with LimeFX can choose between two types of accounts. Windsor’s Economic Calendar is automatically updated during live announcements to provide traders with all the important information that may affect their trading. This is a useful resource that allows Forex traders to remain up to date on relevant economic information that is scheduled to be released. No, LimeFX does not offer a commission-free trade bonus but advertises a special Ramadan Giveaway which is available to both new and existing clients.
Data Not Linked to You
Credit card, debit card, web money and western union methods are provided for withdraw of funds, takes 1 business day to process with a fee of $3 dollar only. Review details of the license, registration and regulation of this FX broker can be found on the brokers’ website. LimeFX Ltd is licensed and regulated by CySec , EEA authorized by the FCA , registered with the ACPR and BaFin and complies with EU regulations.
The level of commissions will vary between different brokers and also depends on the asset being traded and the type of service offered by the broker. The Prime Account requires a minimum deposit of only 100$ and the Zero account must maintain $2 500 to access the advantage of better trading conditions and lower spreads. A forex account is a trading account held by a trader with a company like LimeFX, that is primarily issued with the purpose of trading currencies. The biggest advantage of LimeFX’ Prime MT4 account is the combination of commission-free trading with spreads lower than the industry average. The minimum deposit requirement is $100, and swap-free trading is allowed. Automated trading and copy trading, scalping, and hedging are also permitted.
EquitiBank is not a licensed or regulated broker even though it states offers that look good to be true. EquitiBank claims to be a licensed broker that is regulated in the United Kingdom. As per United Kingdom law, almost all firms and individuals offering, promoting, or selling financial services or products in the UK shall be authorized by the United Kingdom Financial Conduct Authority . However, when we searched in FCA, we only found a warning against EquitiBank issued by FCA for providing financial services or products in the UK without authorisation.
We test the broker’s platforms and examine commissions, spreads, and overnight fees to ensure that you can determine if trading with this broker is worth your time and money. In order to negate the risk of accounting errors, brokers are required to keep their clients’ funds in separate accounts from their corporate banking accounts. When a broker operates multiple entities that different regulators licence, this does not necessarily mean that they all comply with the same regulatory policies, nor that they entail the same level of protection. Given the discrepancies listed in the table above, LimeFX is a good example of why traders need to be aware of the financial regulations the entity they choose to work with is mandated to comply with. LimeFX scored high in the Instruments, Fees, Accounts, and Platforms categories. Its trading costs are, on the whole, lower than the industry average, its account types and available instruments are very diverse, while the MT4 platform is sophisticated enough to accommodate probing technical analyses.
We would recommend traders stay away from unregulated brokers like AEX Trade and trade with licensed brokers. According to this LimeFX review, the customer support service is worth mentioning. The support team is quite responsive and provides effective solutions to their clients. Being multilingual, the team offers responses in multiple languages, including Chinese and English. Traders who have queries regarding the brokers or financial markets can get in touch with the live chat agents or through phone or email support.
In our rating, we check the contact methods available, how accessible a live agent is and how helpful the responses are. This information will allow you to know if a broker can provide full support when you need it. The number of LimeFX’ FX pairs and shares is average compared to the broader industry, while the broker’s available commodities and indices exceed it. The inclusion of high-risk cryptocurrencies, lower-risk government bonds, and complex ETFs further bolsters this diversity. It allows for the implementation of trading strategies with varying levels of sophistication.
But even more importantly, all the licences are clearly visible on the website, and traders can check the firm’s legal information easily. Additionally, the broker explains in detail its trading and non-trading costs without hiding any extra fees in small print. The negative balance protection policy ensures traders’ losses cannot exceed their account balances. In our reviews, we examine the licences and regulations of each entity operated by a broker. This allows us to compare each entity’s different levels of protection. We rank licences by various regulatory bodies on a three-tier system, where tier-1 licencing indicates the highest level of regulation.
However, we did not find any match results to HandSwift Trading in the above two regulatory bodies.The truth is, HandSwift Trading is not overseen by any regulators. We would recommend traders stay away from unregulated brokers like HandSwift Trading and trade with licensed brokers. A Forex broker is an intermediary between a trader and the currency market. Retail foreign exchange trading is not possible without a Forex brokerage. A good broker provides a trading platform, accepts deposits and processes withdrawals, provides leverage, and promptly executes trading orders.
Log in to your LimeFX personal space and follow the prompts to file a withdrawal request. LimeFX uses firewalls, encryption, and authentication protocols to prevent unauthorized access or misuse of data. LimeFX have a thorough privacy policy that ensures client data is collected and handled securely. Belize-based LimeFX Ltd is regulated by the International Financial Services Commission and the Jordan Securities Commission.
Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website. Tegasfx is a total scam, they add huge slippage in my account just to lose all my money and my trades were placed with more than 2000 slippage. Now all my deposit in my account has gone.This is a fale broker looking to take advantage of clients with the use of slippage. You must understand that Forex trading, while potentially profitable, can make you lose your money.
LimeFX offers a fair trading environment for all types of traders. LimeFX’ Profit calculator supports more than 16 currency pairs and traders can also calculate their profit/loss of an instrument. Margin is the amount of money required in your account in order to open a position.
