LimeFx Review Forex Broker Reviews

I use it for analysing charts using a combination of indicators and drawing tools. I also find it to be excellent for running automated strategies. One of the key things to consider when choosing a platform, is how widely available it is. One of the main advantages of MetaTrader, is that you can find it through many brokers.

LimeFx Review trust scores and their multiple awards since their foundation in 2004 have helped to back up the transparent nature of this brokerage. The support team can be reached via telephone, email and web chat. ‘Call back’ request form, ‘Send us a message’ form and ‘Report an issue’ form is all available on the website and can be used to reach the support team with your specific request. There is a brilliant support forum which contains a lot of information on trading strategies, client discussions and automated trading educational resources. I have received some really helpful answer from questions that I had related to using JForex for automated trading.

LimeFx Alternatives

He is also a member of the Japanese Financial Futures Association . They also procured a Swiss banking license in 2010 and launched LimeFx Bank. In 2011, Mark acquired an EU brokerage license in Latvia, presenting its passports throughout Europe under MiFID from LimeFx Europe, in addition to the offer of the Swiss bank.

We are committed to the fair handling of reviews and posts regardless of such relations. LimeFx Bank is regulated by the Swiss Financial Market Supervisory Authority FINMA both as a bank and a securities dealer. Invite your friends and get rewarded for each user who opens an account with LimeFx Bank. LimeFx Connect 911 is a messenger with an integrated payment system from a Swiss bank. Every customer has an account manager which for me is a very good thing.

LimeFx bank supports some of the payment options such as wire transfer, credit card, debit cards, Neteller, Skrill, Bitcoin, Ethereum, and several more. This broker offers its support in several languages, which include Arabic, Bulgarian, English, Chinese, French, Czech, Korean, German, Russian, Spanish, and several more. All of the information and materials available on PublicFinanceInternational.org is not financial advice and is for general informational purposes only. Nor PublicFinanceInternational or any of our affiliates makes any recommendation or implies any action based on the information we proved to you. We don’t make any solicitation or recommendation to take any action or trade or invest in any financial instrument, asset, or commodity.

All information should be revised closely by readers and to be judged privately by each person. The fees for deposits range from 1.2% to 2.5%, depending on the method used. Withdrawal fees go as high as 50 USD for wires and 2.5% for Skrill which is a bit on the steep side. Support is quick to answer and helpful; you won’t get any pressure from them to deposit and the information given is accurate. The effective return ranges from 70% to 90% and the client has the opportunity to choose a lower payout in exchange for a higher refund, which makes for a great risk management tool.

Slippage Control – Slippage control is a feature that allows customers to determine well in advance the maximum negative slippage capable of impacting order execution price. This is an effective risk management tool that allows safe trading on volatile markets. In addition to this protection, LimeFx Bank protects trader deposits by carefully managing its liquidity and assets. It does not have any real estate property or risky securities and does not provide credit. The full extent of the commissions and fees structure is perhaps too much to fully detail in this section of our LimeFx Review 2023.

LimeFx Forex Broker Review

In this ECN environment, both buy-side and sell-side participants interact on an equal footing. LimeFx Bank has no dealing desk and makes no requote, all trades are executed automatically on its ECN, whatever their size. Worst experience I’ve had with a bank, no matter traditional or fintech. A neobank is supposed to make your life easier, this one is going to make it harder. Freezing funds, questioning every move, continuous request for “additional information”.

• Convenient historical tester and 1-click remote run of your strategies.
• Trading in this market involves buying and selling world currencies, taking profit from the exchange rates difference.
• Like all other Swiss securities dealers and banks, the FX broker has signed the Convention of Swiss Banks and Securities Dealers Regarding the Insurance of Deposits and it is a member of the esisuisse.
• There is a brilliant support forum which contains a lot of information on trading strategies, client discussions and automated trading educational resources.
• I think they can be a good choice of broker for beginners who are looking to learn and trade at the same time, as well as professionals who are looking for an institutional trading environment.

In our research for the LimeFx review, we found that they have a demo account for forex and binary options traders. LimeFx offers a wide range of research tools in its JForex3 platform for desktops, websites, and mobile devices. It also includes news about the streaming market, live economic calendar with consensus forecasts, market sentiment indicators.

Kindly note that the prices offered on the SWFX are unique LimeFx prices based on a combination of prices and liquidity provided by major banks, brokers and other marketplaces. The combination of numerous liquidity providers allows clients to benefit from narrow spreads and deep liquidity. In all cases, LimeFx remains the only counterpart for all client trades.

The Trustpilot Experience

LimeFx provides banking, online brokerage, and trading services for clients in Europe and Asia. They focus on offering Contracts for Difference , Forex, binary options, and cryptocurrencies for their growing user base. The broker also offers numerous high-quality trading tools, training resources and daily analysis by in-house analysts.

It adds 200 additional technical indicators to the toolbox, along with the auto-trading feature provided by LimeFx’s forex trading interface. 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.

Why should you read this review?

Each branch entity is established as a stand-alone brokerage that has a region-specific brokerage model to suit a particular country’s specific regulatory policies. On the whole, LimeFx offers one of the best Forex trading accounts that is loved and promoted by hundreds of thousands of clients from around the world. Therefore, all traders do get the best of protection and safety for their trading accounts, especially if they open their account through the broker’s Swiss brokerage. To conclude, we can say that LimeFx is the best choice for advanced traders, as this broker provides research, unique features and tools, and competitive rates for its users. It also offers a demo account, dedicated customer service, and various types of trading platforms, which can be used by different types of traders for trading. It has also won several awards, and it is best in class across six categories, such as features and tools, commission and fees, crypto trading, mobile, and overall, for the year 2021.

Maximum net exposure of each currency pair on one trading account is limited to a position of 25 million of primary currency. Sign up to our newsletter in order to receive our exclusive bonus offers and regular updates via email. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located. I think this LimeFx is nothing more than a scammer under the banner of the so-called forex broker… The customer service rejected withdrawal for many reasons and asked for taxes.

If you are in a rush or just not very good at maths, these calculators can be a quick and easy way to help plan your trades. This gives clients ideas of which instruments to look out for based on its history, technical analysis https://limefx.group/ or other relevant information. It is regularly updated on the website usually more than once per day. If you are not sure what to trade and need to be pointed into the right direction, you may find the trade ideas very useful.

LimeFx’s minimum deposit is $1000, and the clients of LimeFx Europe can deposit $100. Even though the design is not very modern, the search capabilities and other features are intuitive enough to provide the user with a comfortable trading experience. Finally, this broker also supports Meta Trader 4, which is a popular third-party trading platform. However, I think JForex developers could make even more progress if users would have access to a more robust solution concerning watchlists.

If you follow sharia laws, you will be happy to know that they provide you with an Islamic account. I recently started practicing CFD trading on my practice limefx forex broker account on Duka and admittedly its going very well. I find the staff to be quite helpful too, even though Im a novice knowing little about CFDs .

Trading in this market involves buying and selling world currencies, taking profit from the exchange rates difference. FX trading can yield high profits but is also a very risky endeavor. I have been operating with this broker for months and I would like to REPORT it to other wiikifx users! At first everything was going well, but gradually a lot of problems arose… Trading speed decreased, withdrawals took longer to arrive, slippage increased…