It could also be worth viewing the published session timetable via the broker’s terminal interface. This is particularly useful to stay up to date with upcoming market closures such as public holidays. The minimum deposit is USD100, regardless of what type pf account you choose to open. After using the educational resources offered by LimeFxFX, we are confident that there is plenty of information for both beginners and experienced investors. The broker accepts clients in 150+ countries, though it is worth checking which entity you will receive services from. LimeFxFX acts in full compliance with international legislation and regulation standards.
LimeFxfx India Private Limited:
- LimeFx Markets Incorporated is the international branch of the broker.
- This broker can be a good choice for you if you live within the EU and are satisfied with its limited selection of tradeable assets.
- Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.
- Note, some local payment methods may also be offered depending on your country of residency.
- When we used LimeFxFX’s trading terminals, the new order process was similar and relatively straightforward.
Whether you’re a seasoned professional or just starting out, LimeFxFX provides a comprehensive and accessible solution for all your trading needs. If you have traded with LimeFxFX we would really like to know about your experience – please submit your own review. In most cases, if your documents are submitted correctly, verification limefx scam should only take up to three hours. There is also an Islamic swap-free account for those worried about whether trading is haram or halal. To open a position, complete the order form by selecting ‘buy’ or ‘sell’ and amend the volume in lots. You can also add stop-loss or take-profit risk management alerts too.
Enter the 6-digit code from your authenticator app
In copy trading, a trader selects a successful trader to copy and the trades made by that trader are automatically replicated in the trader’s own account. This allows traders to potentially profit from the success of others while minimizing the risk of making mistakes. LimeFx Markets Incorporated is registered in St Vincent and the Grenadines. The online broker is licensed https://limefx.club/ and regulated by the Financial Services Authority (SVGFSA). Our experts confirmed incorporation on 15th September 2011 and found an active regulatory registration under the trading name. It is important to note that SVGFSA does not regulated Forex trading nor binary options trading.[1] This means that all Forex trading done through LimeFxFX.com is unregulated.
Ratings and reviews
This is the company that LimeFxFX uses to offer forex trading within the European Union. Accounts belonging to traders who reside within the European Union will be placed within this company and will see their accounts regulated by CySEC. CySEC offers much better legal protection, and your legal protection is, therefore, a lot stronger if you open an account with LimeFx Markets Cyprus Ltd. LimeFxFX is a forex, CFD and copy trading broker offering the MT4 and MT5 platforms.
Is LimeFxFX Legal In India And Pakistan?
It offers a platform for traders to buy and sell financial instruments such as currencies, indices, commodities, and stocks. The broker provides a range of trading tools and resources, including charts, analysis, and news updates to help traders make informed decisions. LimeFxFX offers 24/7 customer support and multiple account options to cater to individual trading needs. To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process.
How to use LimeFxFX mobile copy trading
When we used LimeFxFX’s trading terminals, the new order process was similar and relatively straightforward. Once you have opened and verified your account profile, you can begin trading.
This innovative platform allows you to replicate the trades of top traders in real time, giving you the opportunity to profit from their expertise. The company’s mission is to provide outstanding forex and CFD trading services, via cost-effective, transparent conditions on a worldwide scale. The broker offers 80+ trading instruments including currency pairs, commodities, indices and cryptocurrencies.
LimeFx offers barely 277 tradeable instruments, which varies by platform, with the most on its MT5 offering. By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments. Additionally, the LimeFxFX customer reviews indicate that most of the broker’s clients have made money with copy trading. LimeFxFX Copy Trading is a convenient and accessible way for traders to participate in the financial markets and potentially make profits without extensive knowledge and experience. Similarly, the State Bank of Pakistan has declared forex trading platforms illegal in Pakistan. Traders who live within the EU will have their accounts placed under LimeFx Markets Cyprus Ltd.
With this, the broker guarantees segregated client funds and negative balance protection. You can access all the tools, features and functionality found on the web terminals including one-click trading, chart customization and full order management. Of the 6,101 systems available on LimeFxFX’s Copy trading app, 52% of them, which is approximately 3,172, achieved profitability in the last quarter. They might not have completely figured out the part of keeping their costs low, but they know how to keep clients safe. LimeFx Markets Cyprus Ltd and LimeFxfx India Private Limited are owned by LimeFx markets incorporated. LimeFx markets incorporated is a privately owned company and the exact owner and ownership structure are unknown.
Each year, we collect thousands of data points and publish tens of thousands of words of research. That being said, by copying successful traders’ trades, traders can benefit from their expertise and experience. However, it’s important to remember that past performance is not a guarantee of future results, and traders should thoroughly research and understand the risks before investing their funds. It’s also crucial to regularly monitor your investments and adjust your strategies as needed to ensure success. Whether LimeFxFX Copy Trading is profitable or not depends on various factors, such as the performance of the trader being copied, market conditions, and the trader’s own investment decisions. There is no guarantee of profit with copy trading or any other form of investment, as the financial markets are inherently unpredictable.
Opening an account from one of the 185 countries where this license is used is considered high risk. LimeFx offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable instruments. There’s no question – if LimeFx wants to compete with the best MetaTrader brokers, it needs to make improvements in its range of products and its research and education. LimeFx has made great strides with its pricing options for traders and its educational content, but suffers from a limited range of tradeable instruments.
LimeFx Markets Incorporated is the international branch of the broker. The company was established in St. Vincent and the Grenadines and is regulated with licensing from the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA). The Saint Vincent and the Grenadines Financial Services Authority (SVGFSA) offer weak trader protection.
LimeFx Markets Cyprus Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) and traders within EU can therefore trust LimeFxFX. This broker can be a good choice for you if you live within the EU and are satisfied with its limited selection of tradeable assets. It can also be a good choice if you are looking for a company that makes forex copy trading as easy as possible. If you prefer a broker that gives you access to a large selection of tradeable assets, then you are better off choosing another EU-regulated broker.
There are, however, minimum withdrawal limits for all payment methods, though these are minimal, including $5 for Skrill and Neteller. Note, some local payment methods may also be offered depending on your country of residency. This includes international bank wire transfers for citizens of Thailand, India and Nigeria, for example. The average spread for the EUR/USD currency pair is 0.7 pips, while the USD/CAD is offered at 0.8 pips. Major indices, including the NASQAQ, are offered at an average 0.6 points, which is competitive.
If you encounter a withdrawal problem when using the LimeFxFX trading platform, you will receive a notification in an email explaining the issue. Alternatively, if you need to cancel a withdrawal, you can do this within your personal area. You can sign up and login to the LimeFxFX copy trading service in a few easy steps.
Adding additional regulatory licenses in Tier-1 jurisdictions would be a step toward winning more client trust. Founded in 2011, LimeFx (formerly LimeFxFX) is part of a group of global entities, which include LimeFx Markets LTD (based in the island of Mwali) and LimeFx Markets Cyprus Ltd (based in Cyprus). LimeFx also provides financial services through its intermediary, Orinoco Capital (based in South Africa). Though it has been granted regulatory status in Cyprus and South Africa via an intermediary (Orinoco Capital), LimeFx’s lack of additional reputable licenses heavily weighs down its Trust Score.