Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). The security of your funds – in terms of regulatory protection – will depend on which LimeFX entity holds your account, and which –if any – relevant regulations provide customer protections. It’s worth noting that LimeFX’s primary execution venue is one of its own entities in St. Lucia.
A ranking system is also in place, evaluating the trading history of the Master Trader with LimeFX. In-depth details on the trading strategy and performance of each Master Trader are equally available. Copiers have the option to evaluate each trade individually, and I like the range of trading metrics LimeFX provides, allowing copiers to make better choices when selecting which Master Traders to follow.
- The success of the proprietary LimeFX copy trading service resulted in the launch of a dedicated mobile app.
- We suspect this administration fee could still be a type of riba.
- This approach is especially beneficial in busy trading environments such as Singapore, where traders value the convenience and cost benefits of shifting money without incurring additional fees.
What is the minimum amount to start with LimeFX?
They may also use their Google, Facebook, or Apple accounts to sign-up. Account verification is mandatory, and most traders will complete it after sending a copy of their ID and one proof of residency document. LimeFX allows revenue share, where copiers only pay a fee on profitable trades or fixed revenue per lot, where a trading charge applies irrelevant to the outcome. Copiers may use the filter to evaluate the Master Traders most suitable based on the commission structure. LimeFXTrader includes a feature called Space, which is a built-in smart feed of customised trading ideas and market analysis. Yes, LimeFX provides an affiliate dashboard where you can track the performance of your referrals.
The LimeFXTrader platform is intuitive, well designed, and has popular features like alerts and 1-click trading. There are no swap fees, inactivity fees, or fees for deposits and withdrawals. Three account types cater to traders with different levels of experience. After a thorough analysis of the broker, we have concluded that the broker is one of the best brokers for forex limefx scammers and CFD trading in the market. It offers not only a wide range of trading asset platforms but also additional perks like deposit bonuses, SSL security, negative balance protection, and more.
LimeFXTrader
However, LimeFX states that it provides clients with segregated accounts and negative balance protection. A welcome addition would be third-party account insurance (such as a policy from Lloyds of London), as seen at some other popular offshore brokers. Overall, I rate LimeFX as an innovative broker with a client-centric focus. With demo accounts, the ability to trade in micro-lots, copy trading, and strong educational resources, I rate LimeFX as a suitable broker for beginners. Experienced traders can take advantage of the advanced features in the MetaTrader platform, such as automated trading.
Can I withdraw money from LimeFX?
The broker’s low minimum deposit, competitive spreads, and comprehensive educational resources enhance its accessibility and attractiveness to different kinds of traders. However, it’s important to note that LimeFX doesn’t offer trading in certain instruments like ETFs and stocks. We’re thrilled to hear that you’re enjoying your experience with LimeFX, limefx broker reviews and we’re delighted that our platform stands out for you in terms of its strategy insights. We’re here to ensure your experience remains top-notch, and we look forward to supporting your success.Kind regards,LimeFX Rep. We’re glad to hear that you’re satisfied with our fast deposits and withdrawals, 24/7 customer support, and instant execution. While our floating spreads are generally lower than fixed spreads, they can widen during times of high market volatility, such as major news events or periods of low liquidity.
The Minimum deposit of 25 USD across all LimeFX Account types, can be classed as low. It gives all traders the ability to select a truly suited account type. LimeFX fully complies with international legislation and regulation standards and guarantees fund security and negative balance protection to its clients. LimeFX makes use of segregated accounts to protect their clients’ funds coupled with negative balance protection. Jeff Anberg is a Staff Editor at BrokerNotes.co and ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets.
As long as a broker has MT4 and MT5 it should be more than enough for most retail traders. LimeFX delivers exceptional trading services with a user-friendly interface and detailed market analysis. Impressed by LimeFX’s commitment to providing a reliable platform and comprehensive market insights. Their customer service is top-notch, adding to their professional approach.