LimeFX Review

My aim is to help you increase your trading knowledge with helpful content. I come from an economic background and have a strong passion for forex trading. With more than 6 years in the online trading world, I want to share my financial knowledge so that anyone can develop their LimeFX skills.

LimeFX scam

These include the main Australian index Australia 200, UK 100, which is comprised of the largest UK companies by market capitalization, and the Wall Street 30, also known as US30, Dow Jones 30 or DJ30. Other popular indices that can be traded at LimeFX are US SP 500, Japan 225, China 50, US Tech 100, and many more. When you link a new or existing forex trading account to us the broker pays us part of their spread or commission profit for every trade you make as compensation for referring a customer to them.

Is LimeFX a good broker?

Otherwise, you will have no one to turn to if a scam broker swindles you out of your money. The customer must sign a discretionary agreement with the broker for this to happen, however. Another preventive measure against churning is to sign up with a fee-based live trading account. Needless to say, not all trading strategies and bots are faulty. However, due diligence is required before you pay a hefty sum for a trading system. Beware of unrealistic marketing promises that assure of 4,000% return rates.

We also offer trading tools, calculators, reviews and a robust forex education section. Between 74-89% of retail investor accounts lose money when trading CFDs. Many of the common forex scams in 2020 revolve around robot systems and signal sellers.

The most common scam is a rebate provider that marks up the spread or commission in order to pay a higher rebate than competitors. Many brokers do allow a referring party, or rebate provider, to markup costs to traders they refer. Besides this, certain rebate providers may not pay on time, or not at all. The standard spread ranges between two to three points in USD/EUR.

  • The platform consists of a website that contains most standard features, including dealing screens, account and order information, news, and a charting function.
  • Traders can fund their accounts using credit or debit cards by Mastercard, Visa, or Maestro.
  • An inexperienced trader should be critical in their approach, analysing statistics and making their own functions that they have tested and had success with on a demo account first.

LimeFX strives to provide our clients with the most quick and easy trading experiences. We do not trade against our clients and hope that our traders make a profit and continue to trade on us. LimeFX is a heavily regulated firm in the United States and follow all regulations that are in our clients’ best interest.

Trading Signals Forex Scams

He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector. Advanced TradingView charting & analysis tools are all available on mobile too alongside real-time trade and order alerts so you never miss a move. Finally, the LimeFX proprietary platform offers more than 100 trading tools though it is not as customizable as MetaTrader.

In case of any kind of issue with the platform, the demo account or the App, it’s possible to contact the support service of LimeFX. After completing the test trading and the demo version, you can then decide whether to start trading for real with your LimeFX live account. It can all be done online with a simple sign up for a trading account. LimeFX is a fully reviewed and regulated trading platform owned by the U.S. firm Gain Capital Holdings. As one of the largest online forex brokers in the USA, LimeFX has large and increasing following both in the United States and worldwide.

Trading Hours

LimeFX also offers sharia/Islamic accounts under certain circumstances. Clients can determine the required margin on various contract sizes using the LimeFX margin pip calculator and the asset leverage ratio. Traders can apply to change their account leverage using the Margin Change Request form available online. Clients should note that although live quotes are executable most of the time, slippage may occur in rapidly changing markets. Note, the broker does not have rules against scalping, which may be useful for traders who opt for this strategy.

When it comes to customer service there is a huge FAQ section with dozens of questions. You can access the sales team via a live chat facility, or by phone calls and of course by email. However, MT4, for example, is only available with Standard Retail accounts but is considered the best third-party trading platform on the market. Well, you will be pleased to know if you are just starting out, that the minimum deposit to open an account is just $100 for all 3 account types – Retail, Commission, STP.

For Canadian traders, the Canadian Investor Protection Fund looks after trader LimeFXs with LimeFX. Alongside this, client funds are segregated from LimeFX’s own money, so it remains protected should the company have financial issues or become liquidated. LimeFX is a subsidiary of StoneX; therefore, it has a credibility for traders as it is publicly traded on the NY Stock Exchange. This makes it straightforward for traders to hold a diverse portfolio with one broker.

When it comes to spreads and commissions, LimeFX offers both Fixed and Floating spreads. This gives you the flexibility to choose what is best for you. As for fees, when you withdraw funds, this is achieved free of charge for European traders. LimeFX says that the Direct Market Access account https://limefx.name/ is for serious traders who demand deep liquidity and the control to take advantage of rapid price opportunities. This account is great for beginners or for testing strategies out before going live with them. You can do so just with an email and your full name, or sign in with Facebook/Google.

  • Indicators can be sold for anything from $50- $300 so you will have lost a lot of money.
  • Active Trader accounts receive 1% APY interest based on the average daily available margin, one-on-one support from an experienced market strategist and bank fees for wire transfers reimbursed.
  • Regulation ensures that the broker follows the proper conduct and rules put in place by the regulation authorities.
  • Finance Monthly is a global publication delivering news, comment and analysis to those at the centre of the corporate sector.
  • Potential investors can open a demo account risk-free, and login to practice trading on either platform with £10,000 in virtual funds.
  • It also provides around 31 drawing tools from third-party platforms.

Founded in 2013, Trading Pedia aims at providing its readers accurate and actual financial news coverage. Our website is focused on major segments in financial markets – stocks, currencies and commodities, and interactive in-depth explanation of key economic events and indicators. LimeFX claims to offer the lowest prices on crypto trading – spreads are from 35 pips and the margin required is 50%. Other cryptocurrencies available here are Ethereum, Litecoin, and Ripple. You should seriously consider seeking financial advice or guidance before investing.

Negative Balance Protection

Please ensure you fully understand the risks involved by reading our full risk warning. LimeFX helps first-time traders and with charting tools, economic calendars, and market analysis made by the company’s research team. You may also use a demo account to practice trading before you hit live.

With these user accounts, the broker demonstrates all trading services and features it offers and the markets it gives access to. Traders can try out the derivative financial instruments at LimeFX and see whether CFDs and leveraged trading are suitable for them. Trading CFDs, FX, and cryptocurrencies involves a high degree of risk.

It shall not be intended as operational advice for LimeFXs, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.

How To Save Yourself From Forex Scam

Compare different brokerages, check their spreads, and read feedback from other traders. Pay attention to the small print to acquaint limefx scam yourself with all the terms in advance. A trader can thus yield considerably higher gains with small personal capital.