The reports cover significant support and resistance levels and technical signals from indicators such as MACD and Parabolic SAR. The research section also includes specific trading ideas, target prices, and key price levels to watch. The web-based LimeFXTrader platform is well-designed and intuitive. Popular features such as 1-click trading, alerts, and watchlists are available.
Customer Support
In South Africa, LimeFX provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA). ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the limefx website most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Access to these resources is provided to both Demo and Live account holders.
LimeFX is best suited for both beginner and intermediate traders due to its easy-to-use platform, educational resources, and low minimum deposit requirement. The broker provides comprehensive trading tools and features that traders can leverage to optimize their trading strategies. Additionally, LimeFX offers impressive customer support to assuage any potential challenges traders might face. Founded in 2011, LimeFX provide a fantastic selection of use-friendly yet powerful platforms for trading forex and CFD instruments with very competitive costs. You can choose from a decent variety of versatile account types, each designed specifically for different types of trader.
Deposit and Withdrawal Fees
Demo accounts come with a default $5,000 funding on creation. However, clients can choose their preferred virtual balance of the account in order to dictate the pace of their learning process themselves. This broker has many qualities suited to beginners but can also cater to experienced traders with the advanced features of MetaTrader.
According to the broker’s website, clients have negative balance protection, and client funds are segregated from the company’s operating funds. We limefx courses scam performed our tests with a live account, using the MetaTrader 5 and LimeFXTrader platforms, opened with the LimeFX Saint Lucia entity (LimeFX Markets Inc.). Some features and services may vary depending on where you reside.
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Trading costs such as spreads are clearly explained on the Spreads and Conditions page. To read the fine print, traders can find the Customer Agreement in the footer of the website. The About Us page does a good job of sharing the company’s mission and history through a series of milestones over the years. Overall, I rate LimeFX as having a mixed level of transparency. The information provided here is of the nature of a general comment only and neither purports nor intends to be, specific trading advice. It has been prepared without regard to any particular person’s investment objectives, financial situation and particular needs.
Their tools are intuitive and their market insights are highly useful. LimeFX withdrawals normally take a few hours and up to 7 business days to complete. However, the timing depends on many variables, including the withdrawal type and the client’s bank processing delays. Yes, LimeFX is a secure broker since recognized financial authorities authorize it, use modern encryption technology, and keeps segregated customer accounts to protect cash and personal information. With a collection of 30 cryptocurrencies on offer, LimeFX presents traders with the opportunity to engage with an innovative asset class characterized by great instability and possible large returns. Users of the LimeFX App should anticipate a smooth transition from desktop to mobile, allowing them to research markets, make trades, and monitor positions at any time and from any location.
- Dear Vrunda Mukund Joshi, Thank you so much for your continued feedback!
- The broker’s login process begins with a visit to the official site, LimeFX.com, on desktop or a click of their app on mobile.
- As this subsidiary is not regulated, OctLimeFX can be called an offshore broker.
- Forex trading is a major focus, with over 52 currency pairs available, encompassing major, minor, and some exotic pairs.
- Opening an account with LimeFX is a relatively straightforward process.
I think they could improve by adding support for more currencies as the different options are beneficial because conversion fees do not apply when using an account in your own currency. LimeFX do no charge a commission on deposit and withdrawals. Secure SSL encryption helps make your information confidential and inaccessible to third parties.