LimeFX Review 2022: Is LimeFX ForexTime Legit or a Scam ️

Nothing on this website should be considered a recommendation or endorsement. We are not responsible for any losses you may incur, by investing with a company mentioned on this website. We may receive compensation from the companies we write about. Always verify that your broker, is licensed by your local financial regulator.

We have put it to the test by testing their platform, pros, cons, etc. Read our full review to find out all you need to know about this broker. Claim your profile to access Trustpilot’s free business tools and connect with customers. FT Global also prides itself on delivering full transparency. The company must periodically report to its regulators and always meets strict financial standards.

• The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises.
• It also includes one-click trading for quick market action, real-time updates that include live currency updates, and state-of-the-art charting tools.
• To participate in the program, register your account with ForexTime.
• The minimum withdrawal amount on LimeFX is MYR 22 per transaction via cards and MYR 8.9 via e-wallets which are processed within 24 hours or 1 business day.
• Forex LimeFX traders might be better off going with an LimeFX commission account if they can trade reasonably well.
• These might embrace a residential proof, copy of your ID, financial institution assertion and so forth.

To assist with the decision, ForexTime displays the live rankings for top performers, with all the data verified by PwC. It also includes one-click trading for quick market action, real-time updates that include live currency updates, and state-of-the-art charting tools. In addition, a trading dashboard with your balance, profit, and margin as well as the ability to open, close, or modify positions within a matter of seconds. This method lets ForexTime clients create their trading strategy or choose the strategy of someone else. They can then use an automated trading system, such as Expert Advisors, to follow the trading strategy. Finally, info on sell, buy, consecutive losses, greatest losses, and maximum simultaneous orders.

How do I withdraw cash from LimeFX?

This compatibility with the top forex trading platform eliminates the learning curve for those who switch to LimeFX from another broker. ForexTime offers dozens of deposit and withdrawal methods as a way to appeal to a wide range of clients. Deposit methods include FasaPay, Ghana local transfers, Nigeria local bank transfers, Algerian local transfers, Kenyan local transfers, Indonesian local transfers. ForexTime offers an solid trading platform based on MetaTrader 4 and 5 and offers a wide range of trading instruments including Forex, CFDs for Indices & Commodities, Spot Metals and Shares CFDs. LimeFX’s website also offers a reliable customer support service, in addition to the wealth of educational materials it provides on its site. 24/7, agents can assist you by phone, by live chat, or via third-party apps like WhatsApp and Telegram.

MetaTrader 4 is one of the most popular and easy to use forex and CFD trading platforms. We remind you that LimeFX provides MT4 as a desktop and web-based platform, including for those who use Mac. Overall, LimeFX is being transparent about its trading fees and does not charge any hidden fees besides inactivity fees. LimeFX is a market maker which allows the broker the benefit to offer low fixed/variable spreads and the broker mentioned their goal to further reduce spreads.

What’s extra, Foreign exchange Contest is established by LimeFX competitors held often and is among the methods to check technique, polish abilities and develop confidence. A really difficult expertise obtainable in each Demo and Stay accounts therefore is a perfect for each skilled and “recent” merchants, which is certainly one other Professional level for LimeFX. For lately obtainable contests examine the official LimeFX web site.

Is LimeFX a Scam?

LimeFX makes sure to offer the platform on all devices and softwares including the MT4 and the MT4 as a web based trading platform. Forex brokers compete for customers, offering a range of special features and trading tools. Compared to other brokers, LimeFX offers unique additional features including automated trading, MetaTrader4 on Mac, and Autochartist plugin for MT4.

LimeFX does not charge a withdrawal fee, and the withdrawal process can take up to 8 working days. Withdrawal can be made through the same payment methods used for the initial deposit. Autochartist is an automated technical analysis plugin implemented on the MetaTrader 4 trading platform that identifies trading opportunities.

LimeFX provides a great educational section for all trading levels on its website. LimeFX does not charge a deposit and withdrawal fee and has set an initial deposit requirement of $100 USD, €100 EUR, £100 GBP and $100 AUD. The MT5 has several advantage compared to the MT4 including trading signals, extensive range of order types and level 2 data. Automated trading can be done through a specific algorithm as well as an automated order system that allows copying other trader’s orders. LimeFX offers DupliTrade and ZuluTrade in order to copy other experienced traders. LimeFX offers an excellent level of customer support in many languages.

That gives the clients the best possible prices for both bid and ask. It also provides the ability to deliver those previously mentioned instant trades. ForexTime prides itself on offering excellent trading terms. There is fast execution and the availability of micro and mini lots.

• Depending on your experience and trading skills, each account is suited to a different group of traders.
• You may lose all your LimeFX here if you don’t follow instructions and stick with your strategy that you designed for yourself.
• If you are eligible for the bonuses, you will need to accept the terms and conditions through your dashboard to participate.
• Most of the brokers have already updated their risk warnings stating the loss percentage, although some of them are yet to add their values on the websites.
• So how did we approach the problem of making their fees clear and comparable?

The customer support team delivers multilingual service, as do the Personal Account Managers. This lets LimeFX appeal to native speakers of a range of languages. This calculator has you input your LimeFX amount, your expected profit, your profit share, and your gross withdrawal amount.

Related Brokers

After you download the platform or launch the web-based platform, you can see the MarketWatch , trading charts and the terminal . Setting up MT4 is a simple process – You can organize the MarketWatch based on your preferences and open a number of trading charts with more than 80 https://limefx.club/ technical indicators. Inactivity fee – LimeFX charges an inactivity fee of 50 USD/GBP/EUR after 3 consecutive months of non-use. LimeFX also offers the evolution version of MT4, the MetaTrader5. Similarly to the MT4, the MT5 is available on all devices including for Mac users.

As in a relatively short time the firm showed great and rapid growth within Europe and beyond through its focus on Africa and Asia regions. LimeFX Invest is the new tool of Copy Trading the broker has. Beginners, called “Investors”, can copy the trades from “Strategy Manager”, who are professional limefx company reviews traders. This helps less expert traders to learn a new strategy and grow their investing skills. The longest deposit method is the wire transfer, in which the money will take from 2 to 3 days to be accredited to the trading account. All the other methods will transfer the money immediately.

Deposit and withdrawal

Of course, LimeFX offers applications for mobile or tablet devices, so you will always have access to your account at personal convenience. Design is clear and customizable which is always good, yet app packed with tools and alerts so you always remain updated. Another great possibility offered by LimeFX is an option to get Bonus through frequent promotions and cashback programs broker offers. From the moment you submit and confirm the request to withdraw money from your account the accounting department of LimeFX typically processed and confirm withdrawal within 2 business days. In terms of the funding methods, LimeFX made it quite simple and straight forward process with a truly wide range of funding options that will assist you to find a suitable money transfer provider.

Compare selected brokers by their fees, minimum deposit, withdrawal, account opening and other areas. Filter according to broker or product type, including stocks, futures, CFDs or crypto. ForexTime is an online forex and CFD broker with a vision to provide excellent services, innovative trading tools, and exceptional trader education. The brand was launched in 2011 and has achieved global status with a focus on content localization.

Ideally, we would like to see some of the account features combined; for example, it probably would be useful if LimeFX centralized its multi-asset offerings from different markets into one place. Lastly, the broker fares better for research because of its own auto trading platform and in-house signals. The MT4 was developed by “MetaQuotes Software Corporation” in 2005. It is the widely used trading platform by many forex traders because of its versatility and scalability. It has technical analysis tools such as 31 graphical objects, 30 technical indicators and 3 chart styles that can be displayed on 9 timeframes. LimeFX offers the MT4 WebTrader, the desktop version on Windows and mobile versions for Android and iOS.

To do that you will need to send proof of identity and proof of residence to the broker. The most impressive thing about this offer is the free webinars. There is a professional analyst teaching how to read and analyse a chart, basic trading strategies and how to use correctly some indicators in order to pursue a perfect market analysis. Plus, it also depends on the frequency of the trading activity. The fees vary depending on the type of account you decide to open. There are ECN Accounts, MT5 Accounts and Standard Accounts.

A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone. We know it’s hard to compare trading fees for CFD brokers.