It should be noted that past account performance is by no means a guarantee of future performance. Traders may choose between the retail favorite MT4 trading platform, provided as the most basic version only, or the proprietary JForex trading platform. Both fully support automated trading solutions and provide clients with access to LimeFx’s SWFX-Swiss FX Marketplace. MT4 only allows Forex and commodity trading, while multi-asset traders will manage accounts at the technologically advanced JForex alternative platform. Through this review, we will provide you with key insights on how LimeFx trading platform works.

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LimeFx is this a scam? Reviews and description

The advanced features provide them a solid edge over their competitors. They offer level two quotes and numerous order type incorporating bid and conditional orders for trade positions. Another reason to use JForex 3 instead of MT4 is the lack of few currency pairs and higher commission in the latter.

In all cases, LimeFx remains the only counterpart for all client trades. LimeFx Bank is a Swiss online bank which provides online and mobile trading, banking and financial services. Headquartered in Geneva, Switzerland, it has offices in Riga, Kyiv, Moscow, Kuala Lumpur, Hong Kong, Shanghai, Dubai and Tokyo, with over 300 employees.

Features

LimeFx offers Islamic swap-free trading on Forex/CFD ECN Account levels. LimeFx offers Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries. The LimeFx JForex platform is best suited to traders who are interested in manual, automated, and/or the development and testing of trading strategies based on the JAVA programming language. LimeFx offers traders the best possible risk management tools in order to trade safely on volatile markets. There are enough references about dealing with the company in Internet, at that they are more positive aspects, which only confirms the quality of service and favorable trading conditions. There are negative comments in the Internet, but they are far fewer.

• Meanwhile, deposits made via Neteller cost 1 EUR or 2.5% – whichever higher – and deposits made via Skrill generate a 2.5% flat commission on the amount deposited.
• Unfortunately, Dukacopy does have withdrawal fees applied to the majority of their payment methods.
• The awards have earned the company its place in the market, becoming a choice for many forex traders.
• It is free to use and there are demo accounts to trial the platform before making a commitment.
• As mentioned above in our LimeFx Review 2023, one shortcoming of this brokerage is that their platform is not available to US or Canadian clients.

Demo accounts are provided at zero risks with a virtual balance of up to $1 million. Unfortunately, demo accounts expire after 14 days which I find quite annoying. I have used many LimeFx demo accounts https://limefx.group/ in the past as I was trying to test my automated strategies but never felt like they gave me enough time to do so. A couple of weeks is nowhere near long enough to judge performance in my opinion.

MetaTrader 4 Platform

I opened my account on 2020 and My account limit has been reduced from 2000$ to 200$ per quarter. There is a huge spread on some of the currences and the chart price often rich the point there is nowhere else on Tradingview. Trade execution is instant and cost per trade goes down as more you trade.

Expiry times range from 3 minutes to 12 hours and 56 minutes, which will probably satisfy traders interested in fast and medium-paced options. Sure, it will take you longer to get used to it but I believe the extra effort is well worth it. The trading signals are updated frequently on selected currency pairs. The signals are based on support/resistance levels, figure level, intraday level and sharp moves. This is yet another way in which the broker provides you with tools to inspire possible trade ideas.

Corporate actions impact equity, index, and ETF CFDs, and are passed through to client portfolios. One of the most advantageous features of LimeFx is it offers a Metatrader 4 trading platform connected to FX marketplace. This helps the traders trade seamlessly in the forex market by using manual or automated trading or taking advice from expert advisors and trade. Trading commissions differ when the trader uses the Metatrader 4 with this broker. LimeFx offers a wide range of trading products that include 653 symbols across multiple markets in forex and CFD.

LimeFx Ratings – Customer Feedback

Once your account has been funded, it’s the time to start trading. With LimeFx, you can trade in forex, indices, stocks, ETFs options, bonds & cryptocurrency. You have the choice of trading on their own developed JForex platform, their web-based platform and the trading app. If you’re new to trading we recommend making use of the educational and research tools. Should we consider LimeFx as a scam artist and a bucket shop? To avoid problems in working with any broker, properly work with a personal manager, specify the full information about the rules how to use the bonuses, trading features, withdrawal procedures.

If you are looking for some guidance with your trading, I think there is more than enough market insight and analysis available free of charge via LimeFx. It certainly is one of the many areas in which the broker excels. This shows the ratio of the long and short positions opened by traders. Sentiment analysis is limefx scammers often used as part of a contrarian trading strategy. I feel like this is a very under rated form of market analysis and wish more brokers would provide this data. I think it can only be beneficial to see what other traders are doing as the sentiment can help to gauge in which direction the market may be heading.

If you think this may be the right broker for you though, you can just click here to sign up at LimeFx immediately. The minimum deposit for the European branch of LimeFx is 100 USD while for the rest of the world is 1,000 USD. Payments can be made through the majority of credit and debit cards, wire transfers, e-wallets and crypto (Bitcoin, Ethereum, etc.). Withdrawals take up to 3 business days to appear in your account while deposits appear in 1 day or faster. The Bonus goes up to 100% but you can withdraw at any time before the 40 times turnover is reached . They have developed web-based trading platform with modern interface and technical requirements such as market research tools, instant communication and multi-lingual interface.

Cloud storage and VPN services allow strategies to run around the clock. The JForex Web 3 platform is the web-based version of LimeFx’s trading system. This cloud-based platform has a user-friendly interface and features 46 different technical indicators, a news feed, an economic calendar, and manual and chart trading capabilities. If you are trading binary options, LimeFx offers Web Binary Trader, which offers access to the FX marketplace. Besides, it also offers one-click trading, which is available for the trader’s benefit.

This ensures that unprofitable orders are closed once the specified level is reached and trading stops temporality. Note that the regulation techniques are not the only factors that make LimeFx Forex broker so reliable and trustworthy. You can reach the customer support representatives from the administrative team at LimeFx Forex broker via email, phone call and via an online integrated live chat.

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With amazing charting, automated trading bots , and sleek indicators, MT4 hardly needs an introduction. If you are looking for high-volume trading, LimeFx may fit your niche. LimeFx provides market professionals and high-volume forex traders with cutting-edge tools and market research. Above all, LimeFx offers one type lime fx of account for foreign exchange transactions on the Forex ECN account, where the method of implementation may vary depending on the agency and the transaction department. While the measures are the same for all customers on the ECN account, the added commission rates will vary depending on turnover, net balance, and deposits.

Extensive documentation on execution policies, certificates, and license, transparent pricing model has developed trust among investors. So, it is safe to say that the broker is legit and can be trusted. They had hosted various fun contests including a Miss LimeFx Contest where girls all over the world competed to demonstrate their intelligence and knowledge to receive a whopping $350,000.

The broker has a great variety of asset classes for you to choose from including forex, indices, stocks, ETFs, options, bonds, commodities and cryptocurrencies. The platforms available are sophisticated, yet user friendly and include comprehensive trader tools for in-depth market analysis. All trading strategies are permitted which includes scalping, hedging and automated trading using robot software.

And last but not least, LimeFx offers a strong regulation that guarantees my money and my personal data. 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. Comparebrokers.co needs to review the security of your connection before proceeding. All information on 55brokers.com is only published for general information purposes.

The broker is well-regulated by major authorities offering you a safe platform for trading in Forex, commodities, and CFDs. Customer service is equally important as an outstanding feature. You can contact them anytime through a local or toll-free phone or through email. The endless LimeFx review and research benefits are incomplete without the LimeFx TV feature.

MetaTrader4 – A third-party bridge allows LimeFx traders to use the industry-standard MT4 system. So traders more comfortable viewing forex data, gold charts and live price quotes on MT4, can do so. An economic calendar, widgets and advanced charting tools are also available on MT4. In 2006, the company launched its banking arm, offering current accounts and credit card services. In 2015, LimeFx extended its e-banking reach, acquiring LimeFx Japan K. K., a bank regulated by the Financial Services Agency of Japan . LimeFx Bank is a Swiss bank with more than 16 years in business.

Additionally, the amount of news, research and educational tools by far surpasses those of many other platforms. However, if you’re looking for crypto mining software you won’t find it with LimeFx. Therefore, we recommend checking out our list of top cloud mining sites.