LimeFx review Is ForexTime a good Broker for trading and investing?

Forex Time is a dynamic, award-winning broker that offers exceptional online trading services and products to institutional and retail clientele from around the world. Regulated and licensed by CySEC and the IFSC, ForexTime makes security of client funds a priority. A demo account is available at LimeFx, and I did not find a time restriction. Therefore, it is ideal for testing strategies and expert advisors. Forex demo account is available for MT4 and MT5 and allows traders to select the demo account balance and leverage. While no demo account can simulate live trading conditions, the options available at LimeFx come as close as possible to doing so.

There are webinars, seminars, platform tutorials, trading tools, research tools, a superb glossary, Forex news, Economic Calendar, Market outlooks, and Analyst analysis all remaining at your disposal. In terms of funding methods, LimeFx offers numerous payment methods which are a very good plus, yet check according to its regulation whether the method is available or not. Based on our findings, LimeFx is a legit broker, as each of the entities and brands that it serves is authorized and regulated by various global jurisdictions. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.

Overall LimeFx Ranking

LimeFx ensures traders have swift access to a representative should the need arise. The LimeFx Pro Account caters to professional traders, as the name suggests. LimeFx also advertises it to institutional traders and hedge funds. It requires a minimum deposit of $25,000 or currency equivalent to open. LimeFx earns its revenue from volume in this account type, as spreads will average above 0.2 pips, which remains one of the most competitive offers industry wide. limefx reviews gives new traders the option of opening a live account or try demo trading with balance of $1,000,000 in virtual funds.

• Equity CFD trading is commission-free as Forextime joined the group of brokers catering to millennial and GenZ traders favoring no commissions.
• This type of fee brings you the simplicity of the calculation and is the best suitable option for many traders despite the strategy.
• Based on our findings, LimeFx is a legit broker, as each of the entities and brands that it serves is authorized and regulated by various global jurisdictions.
• All traders can communicate with a representative at several departments in different international places through email or telephone.
• Based on our findings, LimeFx trading technology and toolbar use the industry’s leading software third-party providers, which doesn’t require a presentation, as these platforms are MT4 and MT5.

As a regulated broker, account verification at limefx scammers is a mandatory final step. Most traders will satisfy this by sending a copy of their ID and one proof of residency document. I like that LimeFx does not incorporate unnecessary steps or questionnaires. I like the regulatory framework at LimeFx, ensuring traders have access to competitive trading conditions and superior protection. LimeFx is a member of the Honk Kong-based Financial Commission, where the Compensation Fund protects traders up to €20,000 per claim. It is identical to what CySEC offers but does not come with regulatory restrictions.

Types of Trading Accounts

Bank Wire Transfer is also available as a withdrawal option, but it carries a commission of €30. https://limefx.group/ offers welcome bonuses, deposit bonuses, and cashback bonuses to new as well as existing players. However, these offers are time bound and must be grabbed before they expire. The company is regulated in the E.U and U.K and the promotions and bonuses are also permitted away from the places.

• If there are issues with our payment system, we always do our best to resolve the issue as soon as possible.LimeFx has no reason to hold funds purposefully and we do not ignore customer complaints either.
• However, these offers are time bound and must be grabbed before they expire.
• I applaud them for their focus on the trading environment, granting clients a distinct edge.
• Due to a migration of services, access to your personal client area is temporarily disabled.
• We understand your frustration but please be assured that we are doing our best to investigate this and resolve this matter ASAP.
• This market is worth over $6 trillion daily, with central and private banks, hedge funds, traders, and travelers worldwide open 24 hours a day, 5.5 days per week exchanging money at different prices.

We learned that LimeFx fees are mainly built into a spread also defined by the account type you use. In addition, you should always consider other fees like non-trading fees like, and withdrawal fees which we will see in detail further. We found that when you trade with LimeFx you are able to operate with fixed or floating leverage.

LimeFx Trading Hours (GMT+

Depositing funds into trading accounts and withdrawing profits is an easy process, which hardly takes any time. LimeFx offers a wide range of local and international banking methods, many of which can be used for deposits as well as withdrawals. I like the trading environment at Forextime, as the trading costs in the commission-based trading account remain among the best industry-wide.

The numbers are actually confirmed by the large community of traders with about 750,000+ active accounts that growing, numerous attractive opportunities, and gained vast awards for excellence in trading. From the fast client approval to the general trading process, comprehensive learnings, and available features, LimeFx proves its high ranking among the traders’ community with more than 90% of positive feedback. Thank you for your wonderful comments and we’re glad to know you’re enjoying your trading experience with LimeFx. As you can see, we always respond to the issues our clients face and do our best to sort it out. Thank you for wishing us well and we’re here to ensure that our clients always have the best. If there are issues with our payment system, we always do our best to resolve the issue as soon as possible.LimeFx has no reason to hold funds purposefully and we do not ignore customer complaints either.

Trade the FinancialMarkets withMT4 at LimeFx

LimeFx will send a confirmation PIN to the entered mobile number to complete the process. We were able to complete this within 24 hours which was speedy and satisfactory. Due to a migration of services, access to your personal client area is temporarily disabled. LimeFx brand is authorized and regulated in various jurisdictions. The first currency is called the base currency and the second currency is called the quote currency. Put simply, Margin Level indicates how “healthy” your trading account is.

LimeFx caters to most international traders, including the UK, India, Malaysia, and the Philippines. They include bank wires and a broad range of domestic banking solutions for countries, which I find excellent. Traders may also use Skrill, GlobePay, Pay Redeem, Perfect Money, Neteller, FasaPay, and M-Pesa. Trade on MetaTrader – one of the most popular trading platforms in the world. With friendly Customer Support, the latest technology and a range of account types, we’ve got everything you need to discover better trading.

The leverage is indeed a very useful tool, especially for traders of smaller size, as it may increase your potential gains timely due to its possibility to multiply initial account balances a particular number of times. The main entity ForexTime Ltd is regulated by CySEC of Cyprus, authorized by FSCA of South Africa, and by additional offshore authority FSC in Mauritius. Also, the LimeFx UK brand is licensed by the Financial Conduct Authority known as sharp regulator, which has principals built by European MiFID and ICF allowing cross-broker activity. We understand your frustration but please be assured that we are doing our best to investigate this and resolve this matter ASAP. As per check, the funds were already successfully processed and sent from our side and we are doing everything needful to investigate the reason for this delay in you receiving the funds.

Hence you will always have access to your account at your personal convenience. Since the LimeFx platform is MT4 or MT5 software, both offer various versions available either as WebTrading platforms or the one that can be installed directly on any device. Web trading software is a great option if you are a beginner or regular-size trader, as the platform is accessible right from the browser, does not require any installation, easy save and navigated. Forex fees are offered by LimeFx spread only with no commission in case you use Advantage Plus and Micro Account. This type of fee brings you the simplicity of the calculation and is the best suitable option for many traders despite the strategy. LimeFx’s three Accounts offer various fee conditions, so the standard spread starts from 1.5 pips for USD / EUR / GBP / NGN.

Trading Instruments

To unlock the rewards, you have to achieve the higher levels. You can do this by simply trading on your favorite instrument. The company permits you to withdraw all your winnings and zero commission using skrill, Neteller, and China Union pay.

Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. It is a licensed online broker that segregates client funds and never mixes it up with operational funds. Its industry reputation is quite strong owing to its excellent trading conditions, experienced management team, commitment to customer satisfaction, and excellent trading conditions. We have no reason to keep your funds with us purposefully.LimeFx does not interfere with the trades of our clients as well. All information based on the processing time for all payment methods can be accessed on the withdrawals and deposit page.

This question is indeed the most crucial one, as investor accounts lose money and if you trade with an unregulated entity the high risk to lose funds is dramatically high. The minimum deposit at LimeFx for the Micro Account is $10 or a currency equivalent. The Advantage and Advantage Plus alternatives each require a minimum deposit of $500. While this latter figure is high, I rate the trading conditions offered here as more than worth the deposit size. LimeFx is a legitimate, safe, and secure broker, as it is highly regulated, holding licenses in several jurisdictions, including the tier 1 financial center of London.