LimeFx ForexTime Review 2022: a Safe Forex Broker?

There are a lot of factors and components involved in trading forex. Forex brokers are an important and inevitable aspect of trading the currency market. Wilbert is an avid researcher and is deeply passionate about finance and health. If you need additional tools and customization options, the Desktop version is the way to go. MetaTrader is compatible with various platforms, including PCs, Macs, and an easily accessible Multi Terminal for money managers.

The LimeFx web trading platform hasgreat customizability.You can easily change the size and the position of the tabs. 1.4%How long does it take to withdraw money from LimeFx? We tested the credit card withdrawal and https://limefx.biz/ it took one business day. This selection falls behind competing brokers. Both XM and LimeFx offer more base currencies. You might want to dig deeper and check LimeFx trading fee calculations in more detail.

That’s because ForexTime FXT is registered in countries with strict deposit protection schemes and has built up a solid reputation since opening for business in 2011. Meanwhile, more advanced users will be able limefx scam to use the ForexTime LimeFx Pivot Points Strategy to enhance their trading style. This LimeFx tool enables you to perform five-point calculations to decide what position to take on a range of financial instruments.

Clients in the UK and Europe benefit from segregated funds, negative balance protection, and a compensation fund. Clients with the offshore entity do not have all these benefits. Have worked in the financial sector for at least one year in a professional position that requires knowledge of FX and CFD trading. Advanced charting with 30 indicators for technical analysis.

As per check, your withdrawal request placed yesterday is under process and our standard processing time is 24 working hours for the funds to be released from our side. Delays would occur if the right documents for verification are not provided in time. We follow strict regulations when it comes to the security of our client’s funds to ensure that the funds arrive to you safely. One thing that users will notice is that LimeFx provides exceedingly fast execution speeds. The company prioritizes low latency and the avoidance of price slippage.

ForexTime does not have proprietary platforms. This account is designed for professional traders. The entry threshold is very high, but the customers are also offered maximum opportunities, maximum limefx company reviews leverage, no spread and no commissions. All types of trading instruments, except for CFDs on stocks are available to the customers. LimeFx does not have high minimum deposit requirements.

Trading Fees

Should you need such advice, consult a licensed financial or tax advisor. References to products, offers, and rates from third party sites often change. While we do our best to keep these updated, numbers stated on this site may differ from actual numbers. We may have financial relationships with some of the companies mentioned on this website.

Thanks to FCA regulation, UK customer account deposits are insured up to £50,000 should LimeFx become insolvent. Compliance means that LimeFx must collect data from users but also keep it away from prying eyes, safeguard and segregate customer funds, and maintain a high standard of transparency. We once again assure you that LimeFx DOES NOT interfere or manipulate with the trades of our clients.

Should you buy your silver bullets on LimeFx?

Aside from its extensive features and apparent ability to monitor markets, the LimeFx platform also allows for automated trading, which is the automatic execution of orders based on a plan. LimeFx migrated me to LimeFx over 10 years ago and I have been trading with you to this day. I am still not a rich man having traded with several thousand of USD. And secondly, nothing like reward or awards or something for clients over 10 years or pioneers like us in Nigeria. According to my personal experience with LimeFx for more than 2 years I’m very glad that I chose this platform.

• The package includes everything essential and beneficial tools from risk management to analysis and a unique built trading tool like the Pivot points approach and trading signals.
• Here is the minimum spread for the EUR/USD and the trading costs per 1 standard lot in both.
• So my EA is a scalper and they told that all strategies are allowed in their company.
• One of the reasons that traders are attracted to the forex and CFD markets is the high degree of available leverage.

Please note that spreads may increase significantly from their average level during periods of low liquidity. If you have any other questions, please feel free to contact us via Live chat. We are sad to here that you think this way about our Company. Please send us an email to In the message kindly specify your trading account number and the order numbers.

EXTREMELY POOR SERVICES

LimeFx also proudly takes an active social role while supporting and sponsoring various world Sports like Sahara Force India Formula 1 team and regularly reveals in the media. The company launched in 2011 with its headquarters in Cyprus . The chain of LimeFx offices is also established around Europe, located in the UK, and maintains an entity in South Africa.

Verify your account by upload of your identity confirmation. These may include residential proof, a copy of your ID, a bank statement, etc. LimeFx accepts clients from almost every country in the world, however, there might be some restrictions due to regulations alike implemented for residents of Japan, the USA, etc. 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. 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.

The LimeFx website’s sidebar lists all the broader areas of the trading ecosystem while individual pages enable deeper navigation of the available tools. MT4 and MT5 are a recognizable sight as well, but widespread familiarity with the platform can be an advantage for knowledgeable traders. Finally, the LimeFx support team is reachable seven days a week and speaks over 18 languages, offering many ways to get in touch including live chat. In addition to forex, CFDs, commodity, indices and spot metals trading, LimeFx offers different account types to fit just about any kind of trader. The MT4&5 platforms feature state-of-the-art technical analysis and charting options. They can also run “expert advisors” that consist of software you can program yourself or buy from 3rd-party developers.

The Financial Services Commission was launched in 2001 and managed within a worldwide famous legal framework under the supervision of the Financial Services Act. The FSC licenses monitor, supervise and regulate the way of business activities in the financial services sector other than banking. However, LimeFx includes premium tradable instruments, including commodities, Forex, indices, and other cryptocurrencies for manual and automated trading for different devices.

Fees

LimeFx’s daily market analysis covers major economic events and includes technical insights to help traders find trading ideas. Articles help explain fundamental forces such as central bank policy and highlight key support and resistance levels. Weekly forecasts help orient traders for coming sessions, and ‘trade of the week’ articles highlight specific instruments in play. Traders can follow the latest news and reports via the LimeFx Twitter account, which is quite active.

But the problem started when I tried to make the third withdrawal. I’ve been waiting for almost two weeks for the withdrawal to complete, but without success. I spoke with customer service and they told me that I have to pay an absurd 3000 USD fee and that my account is locked, which I think is very unfair since I was not informed about it at any time.

He told me about rules here and I found it seems nice. First time I lose money, but when I losed 2000 usd I started to earn and I made 3200 nowtime. Firstly I tried to trade with myself, but decided to try using EA — it was really good way for me as a newbie. So my EA is a scalper and they told that all strategies are allowed in their company.

I have had an account with LimeFx for almost 3 years now and maybe what some people are saying is true, emphasis on the maybe. First question you should ask yourself is, what account type are you using? Standard or ECN, also what time of the day are you trading? I’ve noticed that these questions when properly asked with truthfulness can eliminate the disparity or wrong idea you have about LimeFx.

Languages and communication channels of customer support

The four-member research team at Forextime provides market commentary and analysis in written format, short YouTube videos, and podcasts. They offer a brief overview and an informative take on market events. LimeFx also maintains its LimeFx Trading Signals service for traders seeking actionable research. 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.

Typically, one of your primary selection criteria should be the manager’s age since this indicates that the manager has been there for a long time without blowing up the account. They are using a payment provider named Airpay, which is the worst in India. And will not let you withdraw back to the same account. Leverage on currency pairs is 500 also a great plus. I also needed to clarify something, and after a call was requested on a chat session – support called. I’m requesting to put my account into my IB Partner but no reply and action for more than 10 days from my first email request.

It had been 20days and I still did not see my deposit in my account. Whenever I emailed to ask update, they just entertain me by saying as fast as possible and never provide any ETA nor reason why is this taking so long. I never face issue depositing in other Broker and I highly doubted if this broker is legal. Beginners should check out the more basic materials while experts can employ the expert insights posted daily. I am very disappointed that I had to rate them with only 1 star since I have prefered this broker over other famous and reputable brokers.