Two Key Factors Tanking Stock Markets Today

kh.nour 0 Comments October 20, 2022

Lime FxFX is an online forex, and CDF trading broker awarded the Most Reliable Broker Asia 2023 at the Global Forex Awards. The broker also provides detailed economic calendars and market insights, which keep traders informed about the latest financial news and upcoming economic events. However, Lime FxFX suggests a minimum deposit of $100 for optimal trading experience. We can tell you that Lime FxFX has segregated accounts, which is the minimum you would expect to see from a broker as you don’t want them to be able to access your funds. They also claim to have highly skilled security engineers and technical specialists to ensure your data is safe. The broker is regulated by Cyprus’ CySEC (Cyprus Securities and Exchange Commission), which means it can offer trading services to all clients in the EU.

Quick deposit and quick withdrawall. I am using from last three years.perfect broker.

Lime FxFX has a fair TrusPilot score of 4.5 out of 5 from 6,511 reviews as of this writing. Another side note is that Lime FxFX was located in St Vincent and the Grenadines. In late 2022 or early 2023, they moved to Saint Lucia – this was around the same time, Saint Vincent announced a tightening of their supervision of foreign companies.

I have deposited more than $10000.

  1. You can win up to a $1000 prize in the demo or Champion contest by efficiently trading with your demo account.
  2. Simply choose an account, choose the trading application and access it via Lime FxFX Trading App Accounts.
  3. The security of your funds – in terms of regulatory protection – will depend on which Lime Fx entity holds your account, and which –if any – relevant regulations provide customer protections.
  4. Lime Fx states that the firm is in full compliance with international legislation and regulation standards, and guarantees funds security and negative balance protection (NBP) to its clients.
  5. Lime Fx’s competitive spreads are crucial for traders who use scalping tactics, as every pip counts towards total profitability.

Both protocols connect traders directly to the liquidity pool, thereby ensuring no conflict of interest. Traders have a choice between the MT4 and the MT5 terminals, which ensures fast order execution, direct market access, and lack of restrictions on the use of EAs or other custom tools. HYCM is one of the oldest financial companies in the market and certainly one of the best regulated forex brokers for online forex trading. The UK Financial Conduct Authority (FCA) has overseen the broker for more than 20 years, which is clear evidence of its long-standing reputation as one of the world’s safest financial companies.

What Leverage Does Lime FxFX Offer?

The trading calculator will quickly calculate the costs for opening a position of a specific size and leverage. This can help to prepare trades if you are in a rush or just not that good at maths. The profit calculator lets you choose a trading instrument and enter the position details for a quick and easy calculation of the potential profit. Lime Fx Markets Cyprus Ltd does not offer its services to residents of the USA, Canada, Belgium, and the UK, as well as other jurisdictions outside the European Union.

MT4 Account

Its main headquarters are in St Vincent and the Grenadines, which has meant that its service has been aimed more at the Asian market, but it is becoming an increasingly popular broker right around the world. ForexBrokers.co.za is a broker comparison & education website for South Africans. If you consider their GBP/USD spreads for example, it is on average 1.1 pips with MT4 & MT5 https://limefx.group/ accounts. Comparably, this is moderately higher than the overall fees charged by Raw spread brokers (we calculated spreads + commission). Trading platforms offered by Lime Fx are MT5 & MT4, and they don’t offer cTrader, but they have their own proprietary platform – Lime FxTrader. Index trading revolves around shares issued by thousands of companies, each traded on the stock market.

At this point, we are in the midst of one right now and I wonder whether or not it makes any difference that we have already seen this a couple of times this year? I suspect it does, and I also suspect that sooner or later traders will try to find “value” in the United States dollar. At the time of writing, the editing process for the filing cases is transparent. The 10 May 2024 updated filing for the spot Ethereum ETFs shows that Ark Invest and 21Shares have opted out of staking, meaning the funds are adjusting to the regulator’s requirements. In late April, the commission postponed its review of Franklin Templeton’s application with a deadline of 11 June.

Customer support is provided via online chat, telephone and email in English, Indonesian, Malay, Thai, Hindi, Urdu. They claim that a small percentage of clients actually contact customer support as their services are usually smooth and reliable enough. However, should you need them, they are there to answer your general and technical questions in a prompt and efficient manner. I have always found them to be reasonably quick to respond but think they could improve by extending hours to 24/7 support.

Lime Fx also provides financial services through its intermediary, Orinoco Capital (based in South Africa). For example, the “minimum expertise” field lets you choose between newer systems, all the way up to those with legend status. I was also pleased to see a risk score assigned to each trader, to help users differentiate between traders with historically conservative results versus those that have had more volatility and risk. scammed by limefx It would be useful to be able to sort the columns from highest to lowest, but that feature is not yet available when looking at the Master Rating results page. Lime Fx (formerly Lime FxFX) offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform. Nevertheless, the raw spread access and the low barrier to entry make Lime Fx a highly reliable option for retail traders.

Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). Lime Fx has over 50 different payment options, such as Visa, Neteller, Fasapay and bitcoin, as well as a large variety of local bank transfers.

Primebit is a P2P crypto exchange that allows users to trade various asset classes, such as crypto, stocks, indices, and commodities, with flexible leverage and low fees. XTB is the undisputed leader in the FX trading market for the best market research and trading education, with traders getting access to more than 2100 global markets. ️ MetaTrader 4 – the most popular trading platform in the world that offers a simple and intuitive user interface, technical indicators, graphical objects, interactive chart capabilities, and more.

If you are interested in trading CFDs, there is a range of great mobile options available from some of the top brokers in the industry. Check out our guide to the Best CFD Brokers and Trading Platforms to learn more about CFDs (and to check out our picks for the best CFD brokers). In their review, they claim their European entity being largely unregulated is a red flag. According to a member on Reddit, Lime FxFX occupies the security commission’s list of platforms to avoid. However, some users have appraised the company, claiming they had good trading experience and fast withdrawal. The broker claims to offer competitive spreads as compared to other forex brokers.

There are several reasons for this, among them the stringent regulatory and high minimum capital requirements imposed by US watchdogs. As a result, overseas brokers tend to avoid the US market, concentrating instead on other lucrative jurisdictions, such as the EU member states. In our hunt for the best brokers for forex trading in the US, we found Interactive Brokers to be the pick of the lot. Lime Fx offers Nigerian traders a choice between two retail investor accounts namely the Lime Fx MetaTrader 4 Habitual Trader Account and the Lime Fx MetaTrader 5 Smart Trader Account.

Apart from that, Lime FxFX offers you the ability to deposit and withdraw using e-wallet services such as Neteller and Skrill. As the customer service operator pushed me towards it, transferring to some cryptocurrency such as Bitcoin or USDT is always possible. Further researching the deposit options, we concluded that bank transfers and credit cards were entirely off the table for Australian traders trying to get funds into their accounts. Lime FxFX allows you to trade on one of three different trading platforms. MetaTrader 4 (MT4), MetaTrader 5 (MT5), and Lime FxTrader, an in-house white-label program. But, it must be said that depositing funds and holding your capital with Lime FxFX is definitely a higher risk than trading with other, more regulated brokers.

To complete the account registration and to start trading, traders must submit proof of their identification and proof as a residence. Once the trader’s details have been confirmed, the account will be approved, and Nigerian traders can pay the minimum deposit of 41,500 Nigerian Naira to start trading. According to the official Lime Fx website, the broker ensures that all client deposits received from Nigerian traders remain safe through several measures.

I like how they operate as an ECN broker as this means they can deliver superior trading conditions which can be important especially for those who are day trading and using scalping strategies. The broker has some useful trading tools, educational resources and a prompt customer support team on hand to assist you as and when needed. Overall, I think they can be a good choice of broker for beginners or active traders who are looking for robust trading conditions in a regulated environment. Despite these slight inconveniences, we found Markets.com to be one of the best brokers for forex trading. Traders can access more than 2,000 financial instruments, including shares, bonds, crypto, and indices. Traders can choose from a wide range of platforms, including the conventional MT4 and MT5 terminals, and the broker’s proprietary apps.

We think Lime FxFX is a very mediocre option for currency and CFD trading due to the lack of account options, expensive trading spreads, and rather average customer support. The main appeal of this broker is that you can use it if you want unlimited swap-free trading. This feature is a unique offering given that most brokers limit the swap-free period, replace the swap fee with an administration fee, or require you to prove your Islamic faith.

It does work with global liquidity providers for passing trades to the interbank liquidity pool, but if needed, it may match orders internally and take the opposite position to its traders. Therefore, there might be a conflict of interest when dealing with the broker. Its international operations are overseen by a branch located in the Cayman Islands, which is not an ideal jurisdiction for financial companies that value a good reputation in the market. We also found the website to provide outdated information, possibly due to a lack of proper maintenance.

Bitcoin and cryptocurrencies can be traded on Lime FxFx but not bought outrightly. However, the broker claims verification may require up to 24 hours if the number of pending requests is large or if a verification request was submitted overnight or during  the weekend. With a rating of 4.4 out of 5 after 3.9K+ reviews, the company reputation speaks for itself regarding legitimacy concerns. Lime Fx Markets Cyprus Ltd and Lime FxFX.eu are regulated by the Cyprus Securities and Exchange Commission (CySEC). Lime Fx Markets Incorporated and Lime FxFX.com are based in St. Vincent and the Grenadines. The number of instruments on offer is relatively limited, and areas of the site could do with being more transparent as it can be hard to pin down certain facts.