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LimeFx forex brokers reviews
LimeFx forex brokers reviews

LimeFx traders can manage interactive chart tools, open positions, and view the full history of trading. The latest news is also provided with the economic calendar. The mobile trading platform is available only for platinum account holders.

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, LimeFx offers better pricing overall for traders. The account holder is responsible for the trades placed in his/her own trading account, which is listed in our Terms and Conditions which you agreed to.

All accolades go to Damian who is an exceptionally wonderful account manager . He has taught me basics and has helped me to make a good start. There is attention to detail and a very personalised approach which is what sets legacy aside from other platforms. The whole process of setting up and making a start has been smooth so far. I hope i can make further progress in the time to come .

LimeFx forex brokers reviews

Legacy FX gives the keys to access the forex market 24 hours a day, 5 days a week, allowing users to trade the most popular major, minor and exotic currency pairs. LimeFx offers a variable spread structure with no commissions across all their account types. The minimum spread advertised is 0.5pips on the GBPUSD currency pair. Let it be known that trading is a timely process which requires each and every trader’s attention especially when it is done on the short-term.

Extremely Bad Experience with such amateurs

This has all the same functionality of the Live account and features real-time price feeds, so we were able to familiarise ourselves with how things work. The ways of adding funds to a Legacy FX account are fast and cost-effective. The process starts by clicking on the payment button at the top of the WebTrader platform, or the Trader Toolbar sidebar on the Legacy FX web page.

Many world-famous and recognized Awarding institutions have awarded LimeFx for its performance and its excellence in various categories for the best trading platform. These awards are proof of the legitimacy of the LimeFx trading platform. Surprisingly, the broker allows a handful of withdrawal and deposit methods with the use of Debit and Credit cards, such as MasterCard, Visa, and lime fx Visa Electron stand out. However, it’s essential to know that the broker doesn’t accept traders from the US and Canada. Before the price was close to my stop loss and took me out without hitting the stop loss, usually I will not close the position and reverse and stop the loss. But if LimeFx can solve this problem, I will be very grateful, but now it just makes the broker look greedy.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. In addition to forex trading, LimeFx gives you access to trade contracts for difference on spot gold, oil, cryptocurrencies, indices and stocks. LimeFx has extensive resources for beginning traders and offers a variety of account types to fit the needs of traders at all levels of experience. We are very sorry the market did not go in the direction you expected. While a trader may not be satisfied with the results of his/her own trading that does not mean they were not treated fairly by your account manager. The Forex market carries a high level of risk and can be very volatile at times.

LimeFx is a plain-vanilla MetaTrader 5 broker that offers a medium range of CFD markets and forex pairs. It has built a good foundation of research offerings, and its investor education content is on par with the industry average. Overall, LimeFx still has room limefx to grow, and trails behind the best MetaTrader brokers. LimeFx is equipped with advanced trading tools such as trading reports, price data, advanced technical analysis, and depth of market bids and asks. It helps you to finish the trades when you are on move.

LimeFx forex brokers reviews

If you treat trading like a business it will pay you like a business if you treat it like gambling you will blow your account. There signals are great you definitely https://limefx.group/ win more then you loose. Trading is not for lazy people you need to do your share and can’t blame your broker if things don’t work out cause who made you do what.

I have been trading with LimeFx for…

To get such mouth-watering trading conditions, though, traders need to be ready to spend up to $25,000. The handiest trader account is the Silver one, which features a minimum deposit requirement of just $250. This seems to be decent enough for a newbie trader when compared to the minimum deposit requirements.

For our 2022 Forex Broker Review we assessed, rated, and ranked 39 international forex brokers over a three-month time period resulting in over 50,000 words of published research. It covers a vast range of chart types, technical indicators and time frames. It comes with 50+ technical indicators that come pre-installed with the downloadable platform. Plus, traders can freely install their technical indicators, acquired from other third-party creators. Much more, traders can even generate their own technical indicators via the platform.

LimeFx Fees, Spreads, and Commission

There are plenty of payment options to choose from, including credit/debit cards and multiple e-Payment agents. The homepage of Legacy FX offers an easy route to starting trading. It has a clearly marked ‘Open Real Account’ button, which is the starting point for those looking to sign up and trade on a cash basis. Next to it is an ‘Open Demo Account’ option for those who want to start off trading virtually. They promote unsafe trading practices such as giving incentives to trade based on traded lots. This is specifically against UK FCA guidelines for treating customers fairly.

Our team strives to improve the quality of our services and client satisfaction. Therefore, your feedback is of great importance to us. Moreover, clients also have access to Trading Central which provides valuable insights for the market. Account Managers are also always available to clarify any misunderstanding about the analysis provided by the tool. I have personally lost over £200,000 by following their signals.

Is LimeFx regulated in South Africa?

Please read LimeFx Reviews below and share live trading experiences with this broker. As part of our annual review process, all brokers had the opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy. Mind you; EAs have nothing in common with auto-trading scams that used to be the rage a year or two ago. They execute strategies defined by traders, in a manner specified by traders, without outside intervention. While waiting for our account to be verified by Legacy FX staff, we took tried out the Demo account.

The broker is authorised by top-category financial watchdogs. Their Metatrader 5 suite provides a safe way to kickstart your trading business in 2023. Has been in business since 2012 and has won multiple awards worldwide for its brokerage services. The broker uses the popular MetaTrader5 software from MetaQuotes as its trading platform and benefits from all of the usual MT5 features, including automated trading. We are so happy to hear that you are satisfied with the support provided by your Account Manager.

The LimeFx is the ideal Forex broker for traders that are looking for an ECN platform with a minimum deposit of $250 and those who are looking for a platform that delivers fast execution trades. I had been told I get a mentor and $250 is enough to trade with. I got Steven who was arrogant and from day 1 told me my capital (almost $470) is not worth his time. He called everyday and asked for more capital as apparently my account wasn’t worth his time. At the end he pushed me into a trade with no stop loss.

This was so that it would be ‘worth their time’, ‘you do something for me, I do something for you ‘ etc. I disagreed with about 50% of the trading suggestions but mostly went along with them. I often risked 50% of the equity as stop loss without realising it. The account grew 300% in 2 months and all was going well. Then with 2 trades that went very bad very quickly, all was lost in a day. The account hit margin call before it hit the stop loss, which shows how far the stop loss was.

From our expert point of view, LimeFx is the best option for both novice and professional traders offering favorable conditions and a great education. The broker is also a good choice for passive investing. Financial trading tools including an economic calendar, glossary, and calculators to support trading. LimeFx charges no swaps on long-term positions, providing ideal conditions for long-term trading and LimeFx.

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Posted: Fri, 10 Feb 2023 08:00:00 GMT [source]

The LimeFx provides Sharia-biddable accounts for traders of the Islamic faith. These accounts have specific rules concerning Riba, and they are swap-free. I traded because I was told of low slippage and high liquidity. During the New Zealand Unemployment News, NZDUSD fell by more than 20 points, during which time the spread rose by 12 points.

RichFielder Review 2023 – The Scam Behind This Trading Broker

It’s robust, easy to use, packed full of trading signal indicators and has a clean aesthetic. As platform choice at Legacy FX is limited to MetaTrader’s MT5, there is no need to consider different options. After setting up a log-in there was a Captcha check, obviously set up to avoid bots penetrating the site. It was easy to work through, and a nod to Legacy FX being strong in terms of site security. Soon after providing details, a member of the Legacy FX team sent a WhatsApp message to check how the process was going and to offer advice on how to make the process as easy as possible.

First off, the broker provides an easy withdrawal and deposit system for all its clients. Also, you stand a high chance of having access to over 80 trading videos, webinars, and other educational resources—all hosted by LimeFx academy. Is designed to monitor and optimize your entire trading process by offering broad functionality. MetaTrader5 is an institutional multi-asset platform offering outstanding trading possibilities and technical analysis tools.

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