It should be noted that demo accounts use virtual funds, meaning that real trades cannot be executed. However, for traders that want to educate themselves on trading, the demo account is the perfect opportunity. These demo accounts can be acquired through the Windows, Android, Mac or iOS software platforms on limefx. In conclusion, the trading conditions offered by limefx are perfect for forex traders, especially beginners and scalpers. The tight spreads, tier 1 liquidity, rapid execution speeds and high leverage make it a truly great broker, condition wise. Beginners can benefit from the minimum deposit of just $10, making it a great platform to practice and learn on.
The broker accepts clients from hundreds of countries, including Australia, Canada, South Africa, Kuwait, Hong Kong, and many other parts of the world. limefx claims to be owned and operated by limefx Ltd, a company registered in Dominica. However, Dominica is a notorious offshore zone that does not regulate forex. So currently limefx is not regulated or not overseen by any financial regulator. Support are really fast at responding and withdrawals are spot on. While this option wasn’t available with my previous broker.
It should be noted that there are zero-fees when depositing. There is a live trading account, and demo trading account enabled. Both accounts allow for the GBP, EUR, USD and Bitcoin to be used for deposits. The exciting aspect of the live trading account is that clientele can require Sharia-Compliance be implemented with their account. Regardless of the account selected, there are two-factor authentication and 100+ trading instruments.
The upgrade process is very easy and only requires a simple restart of your VPS. All of your data and configurations will remain the same even after the upgrade is completed. Yes, you may use expert advisors or trading robots that require DLL imports enabled.
Trading in CFDs carry a high level of risk thus may not be appropriate for all investors. Ive been happy and have used scammed by limefx them more and more as time has gone on. The withdrawals are quick and my orders are processed accurately and on time.
Which leverage is good for beginners?
What is the best leverage level for a beginner? If you are new to Forex, the ideal start would be to use 1:10 leverage and 10,000 USD balance. So, the best leverage for a beginner is definitely not higher than the ratio from 1 to 10.
Our receipt of such compensation shall not be construed as an endorsement or recommendation by ForexBrokerReport.com, nor shall it bias our reviews. Kyle Townsend is the founder of Forex Broker Report, an experienced forex trader and an advocate for funding options for retail forex traders. There are over 100 assets you can trade with limefx, including Forex, commodities, indices, and cryptocurrencies. Each demo account can be active for an unlimited time, but if the account is not logged into for 14-days, the account will automatically be closed.
The broker is registered in the Commonwealth of Dominica, and it is not regulated at the time of this review. limefx offers several execution limefx scammers modes including Stop-orders and Trailing-stop orders. Sourceforge.net needs to review the security of your connection before proceeding.
Search by account type, minimum deposit, and maximum leverage in 2,000+ forex brokers. Huge gains appeared to be happening, and during the trade a surge https://limefx.biz/ stopped the system. 10% of profits was needed from the investors to correct the issue, so I put in 10% of profits, which was $5k at the time.
Once I began placing real trades I was pleased to find that the whole process is very simple and the execution of each trade was quick. Let other traders know if this service is worth checking or should be avoided. limefx prides itself on processing withdrawals within the same day to ensure you have rapid access to your funds. Trade a variety of assets at limefx and take advantage of uninterupted 24/7 trading.
- The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices.
- You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
- If your account hits zero and starts to go into negative balance, negative balance protection will automatically close out the position and saves you from too grave losses.
- My funds were sent to a “so called” bank broker at Mutuelbnunion.com to do the transfer, but fee after fee has been asked before the transfer can be done.
- I’ve wiped out my little retirement fund as well as my husband’s to try and get my funds.
There are two versions, one for Microsoft Windows, and one for Apple macOS. Arguably the most important thing you need to make sure of when choosing a certain brokerage is how reliable it is. Usually, we rely on the broker’s regulation to determine that, however, it’s not always the clear-cut way. All in all, this is going to be a comprehensive overview of limefx. And by the end of it, you’ll decide for yourself, whether or not it’s worth trading with this broker. limefx is not a spread betting broker, so spread betting fees will not apply.