LimeFxFX Review 2024 Is LimeFxFX copy trading safe?
The VPS architecture has been precisely developed to accommodate MetaTrader 4 (MT4), a well-known trading platform in the forex community. This compatibility is important because it allows traders to easily install and run Expert Advisors (EAs) and custom indicators on the VPS. LimeFx provides a specialized Virtual Private Server (VPS) service for South African forex traders. This useful tool empowers traders by allowing them to perform automated trading methods 24 hours a day, seven days a week, without relying on the availability of their devices.
ECN Execution Review
LimeFx (formerly LimeFxFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform. When choosing a broker, regulation is one of the first things that I look for. I would always prefer to trade with a regulated broker as it gives me the peace of mind that they will operate in an honest manner and can be trusted with my funds. It is important to remember that not all regulators are created equally. The products, features and protection can all vary depending on the entity that you decide to open a trading account with. MetaTrader 4 is extremely well regarded in the industry as one of the top trading platforms ever.
How to make a deposit
- Yes, LimeFx has a glossary and FAQ area to help clarify trading jargon and address typical questions.
- The customer support service plays an important role whenever clients face queries while trading.
- The broker also has their very own trading app which provides a modern and sleek interface for an enjoyable trading experience.
- We have had nothing but good experiences with LimeFx, especially considering that it offers specialized services for the Forex market.
- According to the LimeFxFx website, the broker does not charge any fee on deposits and withdrawal.
This initial deposit will also be eligible for an LimeFxFX bonus of 50%. If $50 is deposited then you will receive half of the initial deposit as a bonus to your funds. Once your margin exceeds this amount, your request will be processed in only 1 – 3 hours. It’s good to note that the withdrawals will be returned through the same method that the funding was deposited. We would also like to point out that all accounts come with a minimum lot size of 0.01 with no maximum lot size.
LimeFx Markets Cyprus Ltd
We take great pride in meeting the high selection standards of ForexBrokers.com and being included on the list of worthy representatives of high-quality copy trading services. Based on testing of 39 brokers across 113 variables, ForexBrokers.com identified the seven best copy trading brokers. Their proprietary Trust Score algorithm, which ranks trustworthiness based on factors like license, regulation, and corporate structure, was used to grade the leaders. However, as with any form of investment, there is no guarantee of profit and traders should thoroughly research and understand the risks involved.
Pros and Cons – LimeFx Customer Support
Traders living outside of EU will have their accounts placed under LimeFx Markets Incorporated. LimeFx Markets Incorporated does not have a license to offer forex trading and all trading is therefore unregulated. Traders outside EU can not trust LimeFxFX and should choose another forex broker instead. This broker can be a good choice for you if you live within the EU and are satisfied with its limited selection of tradeable assets.
This ensures that these critical trading tools can run indefinitely, regardless of the trader’s device uptime or the reliability of their internet connection. The method is simple, with rebates credited to the trader’s account every week. Furthermore, South African traders can withdraw these funds whenever they want, based on their available balance. Furthermore, users earn reward points equal to 1% of their rebates. This multi-tiered approach to compensation ensures that traders maximize their earnings while actively participating in the market.
This is regulated by the concerned authority in Cyprus, the Cyprus Securities and Exchange Commission (CySec). LimeFxFX is a well established forex and CFD broker that has undergone some serious global growth over the past few years. Coming to leveraged overnight holdings, the broker charges no swaps. There is also an Islamic swap-free account for those worried about whether trading is haram or halal. To open a position, complete the order form by selecting ‘buy’ or ‘sell’ and amend the volume in lots.
If you have any questions, feel free to contact us at We’re always happy to help our traders.Kind regards,LimeFx Rep. Among the rapidly growing information fields in which copy trading has been developing for over a decade, social copy trading platforms’ efficiency, reliability, and relevance are crucial. Those who choose a broker based on this criteria can effectively copy the actions of professional traders entering the market with new positions, automatically. MT4 and MT5 mobile trading platforms can be downloaded on mobile and tablets of Android and iOS operating systems.
Overall, there is a lot to like about LimeFxFX and the range of quality trading conditions that they provide. You get convenient access to the markets via powerful and fully customisable trading platforms with accounts to suit all types of trader. The trading costs are very competitive whilst customer support is prompt to answer questions.
If this doesn’t concern you and you assume swaps costs will be unfavourable, then this account will encourage you to trade mid-term and long-term. There is one very interesting feature with both these accounts and it’s not something we have exactly seen before. LimeFxFX has no swaps – yes you read that right, none, zip, https://limefx.group/ zero, zilch. This means you can hold your position overnight (after New York markets close) for as long as you wish without needing to concern yourself with any rolling feels. LimeFx has over 50 different payment options, such as Visa, Neteller, Fasapay and bitcoin, as well as a large variety of local bank transfers.
A review of the broker’s trading instruments reveals that users are allowed to trade over 120 stocks. Clients can initiate a withdrawal by logging into their trading accounts and clicking on the withdrawal option, visible on the homepage. After clicking on the withdrawal option, next is the selection of the payment methods, and the amount to be withdrawn to get the withdrawal completed. The mobile app offers a wide array of tools and indicators ranging from trends, to oscillators, to volumes and lastly bill Williams.
Subjects covered include the very basic lessons such as an introduction to trading and how to place a trade to the more advanced technical and fundamental analysis. The information is very easy to digest and is supported with visual representation for clarity. If you are an absolute beginner and looking for some more guidance along the way, LimeFx have lots of good educational content as well. If you have at least $500 in your LimeFxFX account then you can download and install the Autochartist trading signals plugin for MT4 & MT5. This tool will automatically conduct technical analysis by scanning the charts for trading signals and will alert you when it finds them.
You can top up your funds with a simple request while you practice and improve your trading strategies. While MT4 is the most popular out of the two platforms, the cTrader platform does offer more advanced features that are particularly suited to retail and institutional traders. CTrader platforms limefx broker reviews are more suited to the ECN platform, which basically lowers spreads to almost 0, not including the commission rate per trade. As mentioned briefly above, LimeFxFX offers 3 main account types. The account type will determine which platform you trade with, as well as the fees charged.
While they do offer top trading platforms MT4 and MT5, if you are looking for a wide range of assets they may not be perfect. LimeFxFX has achieved a solid position in the financial trading markets, executing an impressive 1+ billion trades from over 10 million live customer accounts. The founder and owner have ensured the brand has amassed a global reach, with trading services now spanning 185+ countries. Most of the traders who use this broker are located in Indonesia, India or Malaysia. Copy trading at LimeFxFX is offered through a proprietary platform and mobile app, as well as integration via the MetaTrader suites.
They can be reached on live chat for some quick-fire questions, or more complex questions can be sent to the phone or email team. As LimeFxFX is regulated by CySec, the firm is authorized to offer its services to customers in EU member states. This is because European forex laws allow brokers that are licensed in a country within the EU to service clients anywhere within the European Union.