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This is considerably higher than the $50 required from its rival firm that we discovered in our LimeFX review, yet a great deal lower than the $10,000 minimum deposit for CitiFX Pro accounts. LimeFX USA is regulated by the National Futures Association, which was set up to oversee the derivatives markets and offer protection to investors. However, in the US the firm is only regulated as an Introducing Broker, which effectively means the broker is in contact with clients directly but delegates trade execution and back-office operations to third parties. Jenna Arnold has always been fascinated by the stock market and the world of trading. Having dabbled as a part-time trader while at university studying English Language, she leveraged her insights into this world into a full-time career as a writer specialising in trading and broker reviews.
LimeFX Customer Reviews
LimeFX after detection of profitable trader rejected to open the real account. This broker is just waste of time they love just unprofitable traders. LimeFX offers 38 currency pairs, 11 CFD instruments, and 5 Cyrptos for your personal LimeFX and trading options. Carrying with is a renowned industry reputation over more than a decade of operations, LimeFX has proven to be as welcoming https://limefx.group/ and user-friendly as ever. They have managed to combine efficient and powerful trading solutions and packaged them in such a manner to appeal to users around the world of all trade experience levels. Following the same user-friendly lead as the web-platform, the mobile platform has a very favorable user-interface, which makes everything flow very well and seem to happen with ease.
- The order volume of trading is the same for different types of real accounts.
- It provides the users with a dashboard that allows them to analyze their performance and maintain multiple swap free accounts.
- The mobile trading platform of FBS offers a Mobile Personal Area that is available for download and installation in any mobile device.
- Whilst the market is less liquid than that of forex, prices are often in flux due to the numerous uses of both gold and silver and their sensitivity to several other industries.
- It is just an agent or affiliate that sends you to another real broker and collects a fee but delegates the work of the floor operation and trade execution to another broker.
Trading with LimeFX will involve fees from $0.60 USD, spreads from 0.4 pips, and commission-free trading depending on the account traders select. LimeFX offers access to the world’s financial markets from one trading account. LimeFX provide online trading solutions and access to a wide range of markets including Forex, Metals, and CFDs. Trading metals is fairly straightforward and is done in a similar way to forex. Once inside the trading platform you can use the ‘Market’ tab to view the metals options. Once you have made your order choices, you then click on the ‘New Order’ tab and input the relevant details.
LimeFX Forex Conclusion
Limited platform capabilities in terms of in-depth analysis, may not appeal to more experienced traders. Both web-based and mobile platforms are visually impressive and with a range of innovative features making copy-trading easy and fun. He who hides information can not be proven right or wrong.Hidden Broker and Hidden Comment fields.
- In all probability, there have been other users who have already used the same service, and have expressed their opinions and feedback online on various forums.
- These include a withdrawal fee of $25, and a currency conversion fee of between 50 and 250 pips to convert any non-US currency.
- In addition, always consider overnight or swap charges as trading costs, since there is a fee in case you holding open positions overnight.
- Using this system, you contact the company with your query, and they respond to you through email.
- If a trading account stays inactive for more than 180 days then the platform charges a monthly penalty fee of USD 5 and this is one of the ways in which FBS makes money from the trade.
The average time for an email response was within 24 hours and queue times for telephone support were under 5 minutes. The chat function was even more readily available, with an agent available in just a couple of minutes. MT4s are also highly customizable, which makes the platform good for both novice traders and seasoned pros. At its most comprehensive, the central window can offer hundreds of metrics for those who prioritize technical analysis. Alternatively, newbie traders who might be confused by the more complex statistics can strip the charting down to the bare essentials.
These are added to other excluded countries, Turkey, Syria, Iran, Sudan, Cuba, and North Korea. Needs to review the security of your connection before proceeding. If you have been scammed by any of them and lost your money you should contact us for help. A good review is well-detailed and tries to highlight both negative and positive sides of a broker. In order to allow us to keep developing Myfxbook, please whitelist the site in your ad blocker settings. The results may be impressive, but if this account does not receive an update verifying the withdraws or current status , WE MUST ASSUME that the account is BLOWN.
Official representatives of many brokers often respond to issues mentioned in the reviews and help to resolve them. Such cases might turn useful if you are not sure whether that broker is a good choice for you. Please keep in mind that the review process is anonymous and that the submitted statements express only opinion of the reviewer.
FBS Review 2022: Is FBS Broker Legit or Scam?
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All things considered, LimeFX open account holders can be reasonably confident that their funds are as safe with the platform as they are with any other. MT4 has also been optimized for mobile devices and the app can be downloaded on IOS and Android devices. The mobile offering provides seamless trade-execution on the go with a good selection of charting and indicators.
Maybe you should start a positive discussion and see if there are any investors who have invested with FX_raptor. FX_raptor may have a great strategy that he feels there is no need to share. Watch the most common forex scam videos and how to avoid them starting right now. The chosen FBS broker is regulated by the Cyprus Securities limefx scammers and Exchange Commission CySEC and IFSC. An overwhelming number of economic events take place almost on a daily basis. The economic calendar of FBS broker cuts down on the overwhelming content with the help of relevant filters that helps in displaying the updates related to the most recent and specific events.
- Ability to set a pre-determined stop equity loss on each account to limit the level of risk.
- Leverage is a quite known instrument, which obviously increases the initial capital you trading with and can be a very useful tool to magnify your potential gains, but in case you use it smartly.
- This means that any funds paid by traders are held to an account for safety and security.
Forex is traded in ‘lots’ – with a micro lot consisting of 1,000 units of currency, a mini lot being 10,000 units, and a standard 100,000 units. If you’re a novice trader, you’ll want to focus your attention on mini and micro lots. Regulation and deposit protection is another important area for our LimeFX review, as investors will want to know that the platform can be trusted to keep their funds secure. Of course, regulation isn’t the only measure of a platform’s trustworthiness. LimeFX has been on the forex scene since 2005, so our review delved into the platform’s reputation to help build a better impression of the company. Whilst the US regulation of LimeFX is less stringent than that of other authorities, it is enough for traders to be confident that LimeFX USA is not a scam.
Features of FBS
For dealing in stocks, the users need to conduct trading with a minimal spread between 1 and 50, while the typical spread lies between 2 and 200. In stock trading, the order value is estimated by multiplying the lot volume with the opening price of the stocks. The commission fee for trading in stocks is 0.7% of the order value.
We use dedicated people and clever technology to safeguard our platform. I have been trading there since 2014, and i have not needed any other broker. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.
LimeFX does not require a deposit fee to be paid, however – a withdrawal fee does apply. LimeFX allows traders to Diversify into Contract for Difference products allowing for the opportunity to trade in the indices and commodities markets. Ability to set a pre-determined stop equity loss on each account to limit the level of risk. All applicable trading accounts created by clients in non-Islamic countries. Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. For other brokers and markets, take a look at both our Ellevest review & LimeFX review USA resource pages.
Prices of average spreads quoted by this device in the United Kingdom. However, spreads are slightly different from the amounts of American counterparts. With a history dating back to 2005, LimeFX have been operating for 17 years. They’re supervised by the Financial Conduct Authority and checked regularly in order to maintain their license as an introducing broker.