Single-click order execution, charting graphs and fully accommodative trading is part of the deal. LimeFX fills an important niche in the online CFD trading arena. First of all, it is fully regulated by CySEC, and sports MiFID passporting rights. All CFD trading has been authorised by the FCA of the UK and it is EEA authorised to allow online trading services to clients.
It is a token of unreliable trading services of the broker which does not allow most of its traders to make any profits. So, traders should thoroughly check the details about the trading services of the brokers with high loss percentages. You may or may not lose the trade but it does not depend solely on its execution. A large part of the results of a trade depends on the environment and the services. And these factors fall under the control of the broker only. The broker mentions in its risk warning that 75.59% of traders dealing with CFDs are losing money.
Mobile trading developed by the broker also, which allows you to gain access free of charge and enjoy full control under the account, LimeFX monitor and trades openings. You https://limefx.name/ can also receive the latest reports on the market, analysis and updates straight to the phone. As a CFD trader, you have access to stocks, commodities, indices and forex.
TradeZero Broker Review
This broker aims to attract retail traders, but the team at LimeFX seems to have more experience in web-commerce, as opposed to financial services. The information provided on the broker’s website is light, to say the least. Nothing about it made us feel confident about its ability to safely and effectively manage clients’ money. LimeFX offers an extensive selection of cryptocurrencies, and a wide selection of assets.
The demo account of the company is just for a name that has no actual benefits to traders. Straight-Through-Processing trading and Electronic Communication Network trading do not hold any trade orders of the investor. There is no provision of re-quotes hence, traders get the best out of the ask prices and the bid prices. ECN trading gives the best profitable results with forex and stocks.
Traders can choose from an extensive selection of currency pairs, stocks, commodities and market indices. Nearly all instruments are offered as Contract for Difference however currency pairs can be traded as spot Forex. One should know that Forex trading or any other kind of trading involves high risks, and is not suitable for everyone. Before trading Forex or any other financial tool one should be aware of the risks, know exactly his LimeFX goals and limits and acquire a fine level of risk understanding and risk management. Apart from offering CFDs on currency pairs – which is the main tradable security on the platform, this broker makes more markets available for its traders. You can choose among such CFDs on commodities like gold, silver, crude oil, natural gas, coffee, soybeans, and many others; besides, there are also dozens of European and US Stocks available for trading.
- The minimum deposit amount for both initial deposits and consecutive top-ups is $/€/£250 and there’s also a minimum withdrawal limit of $100 per request.
- We tested the Pro account in this review, which has low spreads and charges a commission for trading.
- While NinjaTrader 7 is still available, we tested NinjaTrader 8.
- Verify your identity and residency by uploading either a copy of your ID card, driver’s license or passport, and uploading a copy of a recent utility bill or bank statement.
LimeFX opted to handle education on its own, but given the services provided so far, it remains to be seen if this was the proper decision. Since LimeFX does offer CFDs in equities and indices, corporate actions such as dividends apply. No mention is made, on their website, about how they are transferred to clients; this represents a significant oversight. Swap rates are noted, and it is therefore expected that positive as well as negative swap rates are passed onto traders. A request is placed where trader needs to enter the amount and the info about the bank account.
All information should be revised closely by readers and to be judged privately by each person. I was called 20 x from different country’s from an Englisch speaking person where you never know exactly what they say. I asked a few times for a withdrawal of my first 250,- becourse I don’t trust them any more. I asked official for a withdrawal and I got an email back that they gone do it. I mailed them that it is not okay and that I don’t trust them anymore but no reaction.
Highly unethical company that is not ashamed of making money on innocent people with no trading exoerience at all. I found the site difficult to use following my deposit of 300 euros. Asking for help the trader kept asking me how much I held in pensions, ISAs and savings. I did not like the direction this was taking and asked for withdrawal which came through except 50 euros. I feel I may have saved myself a fortune if I had got sucked in to this. And about scam allegations… well, they have been fined by CySEC in the past, so I can see where those complaints are coming from.
LimeFX.com complies with all the safety standards as determined by CySEC, MiFID and the FCA. Traders can rest assured that there is SSL security and high-level encryption on all trading activity. Additionally, client funds are maintained in a segregated account to protect against bankruptcy or charges against the company.
To be quite frank, we were disappointed to see during our LimeFX review that even the presentation of the MT4 trading platform is below average. LimeFX is a market maker and generates most of its income from losses of its clients where this broker acts as their counterparty. Spreads, the difference between the bid and ask prices, also provide this broker with income. Hello everyone it is possible to retrieve your stolen bitcoins. I never believed in bitcoin recovery because I was made to understand that it is not possible. But sometime in DECEMBER I fell for a binary options scam which promised a higher return and I lost close to $75,000.
Forex pairs, cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. TopBrokers.com would like to remind you that the data contained in this website is not necessarily real-time nor accurate. They have several portfolios, most notable on their website is the GBPUSD portfolio which did 93% returns in the last year. Please understand that past performance is not indicative of future performance. In order to know more, you will have to talk to your account manager.
Lightspeed waives market data fees for non-professional traders on Livevol X, the mobile app, and web platform. In other situations, data limefx cheating packages cost something for both professionals and amateurs. Charges range from $1 to $120 per month, depending on the data purchased.
For wire transfers, you have to add the wire information, such as SWIFT code or your bank’s name. It’s free at Dorman Trading, but has a $4 fee at Phillip Capital. National ID, passport, and driver’s license are accepted for ID verification, while you can upload utility bill and bank statement as proof of address. The opening of a NinjaTrader account via PhilipCapital is fully digital and straightforward. You can open an account at NinjaTrader if you live in Germany.
There are also email support options for regular support ( and ). The company’s fixed physical address is in Limassol Cyprus, and you can visit them or write to them accordingly. There are fax options and WhatsApp contact details as well. After carefully reviewing LimeFX.com, it appears that the best option for gathering information on bonuses and promotional offers is to contact customer support directly. Since many bonuses are time-specific, up-to-date information can always be gleaned from customer service. This broker has a large database of educative articles, MT4 tutorials, VODs, courses, and eBooks.
- Highly unethical company that is not ashamed of making money on innocent people with no trading exoerience at all.
- Nevertheless, Platinum client’s of LimeFX may consider using the most popular software in terms of charting and analysis, the common MT4 which is an option too.
- Our company, Tokenist Media LLC, is community supported and may receive a small commission when you purchase products or services through links on our website.
- Its account types, fees, education, and customer support all show signs of a lack of attention and care.
Their asset basket is wide, including currency pairs, indices, commodities, stocks, and a hefty selection of cryptocurrencies. Spreads are floating and change depending on the account you have. The most beneficial feature of MT4 remains the intensive support of automated trading solutions, but the superior ones come at a price. The library is expanded with free EA’s and other tools, but traders should be extremely cautious.
Opening an Account
Though the details were not made public, they were surrounding the information it was giving to clients, as well as the general conduct of its LimeFX activities. CySEC, the Cypriot watchdog said, the decision was made based on the potential violation of local regulations, for misleading potential clients. Furthermore, on July 22nd it was reported that Hoch Capital Ltd. informed CySEC of its intentions to renounce its Cypriot LimeFX Firm . The Financial Conduct Authority , the regulatory authority in the UK, said that Hoch Capital Ltd used celebrities to falsely endorse its products on social media. FCA then let CySEC know, who then took the decision to suspend its license for one month until it undertook some corrective measures. If these measures are not followed, the broker will face possible fines and/or the revocation of its license.
We tested it and collected the options and costs in How to withdraw money on Axi. Check out the current account balance requirements at Axi in our What is the minimum account balance at Axi article. Is Axi legit features all the key aspects you need to look at to see if a broker is safe and legit. Being regulated by several top-tier financial authorities is a great sign for Axi’s safety.
Portfolio and fee reports
As NinjaTrader’s main focus is on the charting and other technical tools, they don’t offer any fundamental data. The desktop platform is highly customizable and there are thousands of apps and add-ons in the NinjaTrader Ecosystem to personalize your platform. NinjaTrader offers a standards-based (.NET) programming environment for indicators and strategies that created a vibrant developer community. After the online registration, we received an email from NinjaTrader to fill out an Options Request Form. We had to say which markets and what positions limits we would like to trade. There is a $25 monthly inactivity fee,if you log in to the platform, but don’t place any round trade .