It is a similar story for credit card deposits, which seemed only to be available for certain countries, VISA for example appears only available for clients in the EU – very odd. Saint Lucia allows companies to self-regulate as long as they comply with the country’s laws. This means clients with LimeFxMarkets don’t have any form of regulatory protection so you can only trust LimeFxFX operations meet the standards you would hope. As this subsidiary is not regulated, LimeFxMarkets can be called an offshore broker.
LimeFx Review – Analysis of Brokers’ Main Features
For LimeFxFX this includes the fact that they have only a limited number of assets available to trade in. In copy trading, a trader selects a successful trader to copy and the trades made by that trader are automatically replicated in the trader’s own account. This allows traders to potentially profit from the success of others while minimizing the risk of making mistakes. Passionate in contemporary global financial issues, I’m currently active in researching topics on cryptocurrency, forex, and trading strategies.
What does it mean to have your funds in LimeFxFX deposited in a Tier 1 bank?
The maximum volume of copied trades on LimeFxFX is 100 lots while the minimum volume of copied trades is 0.01 lots. Copied orders with a volume below 0.005 lots will be rejected while copied trades from 0.005 lots and above are rounded to 0 01 lots. LimeFxFX always rounds up the volume of any order to the nearest hundredth decimal point.
LimeFxFX Copy Trading Platform
It appears as if this is something of a trend at LimeFxFX as they have also been recognised by others in the industry. They have won the best customer service in Asia award by the Global Banking and Finance magazine. We wanted to see how accurate these stats were so we opened up the live chat option and got an immediate response. We also found their support agents to be quite knowledgeable about the products on offer as well as their regulations.
By sharing a referral link the trader will receive a commission per volume traded by their friends. Yes, once your deposit is credited to your LimeFx account, you can start trading immediately. E-wallet and credit/debit card deposits are processed almost instantly, allowing you to begin trading without delay. While this regulatory oversight provides a basic level of security, it is not as stringent as regulations from top-tier authorities like the FCA or ASIC.
This is due to the low minimum deposit the offer alongside very competitive spreads. That being said, by copying successful traders’ trades, traders can benefit from their expertise and experience. https://limefx.vip/ However, it’s important to remember that past performance is not a guarantee of future results, and traders should thoroughly research and understand the risks before investing their funds.
- These are usually packaged with most brokers and provide the client with a pre-installed VPS with a discount code at a hosting service.
- However, traders are urged to seek professional financial advice before making investment decisions.
- This allows traders to trade and test their trading strategies in a realistic trading environment but without incurring any actual loss of funds.
- There are a total of 51 charting indicators provided, and 31 drawing tools also.
- Other notable tools include widgets that clearly display live quotes, interest rates and national holidays.
- LimeFx’s copy trading distinguishes itself by giving over 10,000 Masters for portfolio diversification and increased earnings.
The absence of overnight fees is one of the aspects that sets them apart from its competitors. Traders who practise Islam and utilize the Islamic Account do not have to pay any additional fees because of this. They have developed a competitive broker with global reach, low spreads and great technology.
CTrader provides a convenient and feature rich environment for more flexible trading. It is also highly customisable and can be adjusted to cater to suit the needs of different traders. Other benefits include Level II quotes, server trailing stop, 26 timeframes, limefx cloud service, advanced chart trading and a FIX API for trading with direct market access. CTrader is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). I would say this is the platform of choice for the professional trader.
LimeFx has over 50 different payment options, such as Visa, Neteller, Fasapay and bitcoin, as well as a large variety of local bank transfers. The availability of these payment methods may also depend on your country of residence. Founded in 2011, LimeFx (formerly LimeFxFX) is part of a group of global entities, which include LimeFx Markets LTD (based in the island of Mwali) and LimeFx Markets Cyprus Ltd (based in Cyprus). LimeFx also provides financial services through its intermediary, Orinoco Capital (based in South Africa). LimeFx offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable instruments. There’s no question – if LimeFx wants to compete with the best MetaTrader brokers, it needs to make improvements in its range of products and its research and education.
Therefore, traders looking for the best fees in addition to more tradable instruments should consider the MT5 pro account. LimeFxFX spreads are higher on the MT4 account with only 37 tradable instruments on offer. A typical spread for the EUR/USD currency pair is stated as 1.1 pips, while the MT5 Pro account provides the complete range of tradable products, with slightly lower spreads of 0.9 pips. In 2018, LimeFxFX launched a copy-trading feature to entice more traders to the market, helping increase profit and offer different fund management options.
Rest assured, we prioritize the security of our clients’ funds while ensuring efficient service. Your satisfaction is important to us, and we’ll continue working to provide the best user experience possible. Don’t forget to explore our Invite a Friend program to earn commissions by referring your friends to LimeFx.Stay updated on our latest news and promotions by joining our social media platforms.
We’re thrilled to hear that you consider us the best broker and appreciate our fast withdrawal process and support service. It’s always gratifying to know that our efforts to provide a seamless and efficient trading experience are valued by our users.We constantly strive to improve and deliver the best possible service to our clients. If you have any suggestions or ideas on how we can further enhance our platform, we would love to hear from you. In the meantime, use your spare time to enrich yourself with trading knowledge. You can read trading articles, watch educational videos, or even apply to a training academy. Keep in mind that improving your trading skill is never a waste, even as a copy trader.
