LimeFX Review 2022: Pros, Cons and Key Features
By: Flaka Ismaili February 15, 2022
LimeFX, on the other hand, offer very tight spreads, as confirmed by our Forex review in another segment. Traders should be attentive because some brokers mask unprofitable spreads with low commissions. While it does not automatically mean the broker is a scammer, if connected with other signs, traders should be cautious. These pertain to companies who purchase financial assets to sell them to traders at a price established by them. An apparent business model, dealerships create conflicts of interest because the trader’s profit is the broker’s loss. Dealers want to earn more and can change prices in any way they want.
This feature isn’t for beginners. Brokers bring deals to the market. Such is a tell-tale sign of a possibly legitimate broker. As already mentioned, some companies buy assets and sell them to traders directly. This also does not point to the company being a scammer.
- With STP, the broker can guarantee the most honest price, with it being similar to the price of financial instruments sold by other intermediaries.
- Many people cluck their tongues and shake their already made-up heads when the topic of LimeFX crosses their path.
- The criteria for recognizing dishonest brokers take a secondary spot, with it linked directly to LimeFX’s scrutiny.
- After I invested them in the market again, I managed to significantly increase my capital.
- Traders can transact from any point across the globe.
- Such causes traders to distrust dealers.
The money is thus returned to the client as a bonus. There are many account types proposing different trading conditions. 500-dollar deposits are for basic LimeFX accounts as described above. Expensive LimeFX plans start at 5,000 dollars for their initial deposit. In all situations, minimum volumes of orders are pegged at 0,1 per lot.
LimeFX Review: All About The Brokerage
The difference between these words is huge. Yet, a trader should understand as well that there are a number of factors that are not up to the trader. Traders can analyze them, but if these prove unexpected and spontaneous, it’s very hard to understand what these events can lead to. Regulatory status is the most critical criteria of broker reliability.
Should they want to earn more, traders can choose Binary Options and cryptocurrencies through LimeFX. If clients wish to protect their equity, LimeFX recommends stocks instead. I don’t want to work with such annoying managers. The minimum deposit is high for many. Also, there isn’t a mobile application.
He explained to me in detail what factors are affecting the market at the moment. In my free time, I do not miss an opportunity to learn something new through the educational center. The money comes steadily in 4-5 days, but I would like it faster. Therefore, I can’t say that this broker is perfect.
Most glaring of all are inquiries asked to extract LimeFX’s legitimacy as a brokerage. Silver accounts allow traders to get money faster. These accounts also provide a professional analyst. LimeFX provides a lot of exciting services. One of them is an investor simulator.
Types of LimeFX Broker Accounts
Yet, they cannot do so because it can depend on their choice of broker. A wealth of analytical instruments like a set of trading indicators including RSI and Moving Averages. While it is possible to see rapid price changes, it usually occurs when some unpredictable factors arise. For example, news about a company milestone or a blunder by a Central Bank can cause quotes to shoot up, exceeding average trajectories.
LimeFX Trading platform
Traders can read all their orders in a particular journal to allow greater analysis of possible trading mistakes. Held as an essential function, traders benefit entirely from keeping tabs on their Order history. Unfortunately, many traders ignore it, not knowing the level of success it can bring. Give LImeFx’s premium on Order History, and we can already dispel that LimeFX cheats. All in all, reliable brokers must help clients in earning money.
Using the RSI indicator, traders can predict future trends with utmost effectiveness. With STP, the broker can guarantee the most honest price, with it being similar to the price of financial instruments sold by other intermediaries. The only difference is seen through the commissions. These can affect the price but only within a narrow range. Dishonest companies often make generous promises. To reiterate, no one can guarantee traders’ success.
The dealer pertains to a company that buys assets on the financial market and sells them at the price it sets. Such a measure is also the dealer’s biggest challenge. Dealers can set an unrealistic limefx price and find people willing to buy financial assets at such a price. Such causes traders to distrust dealers. When dealers lose, setting the price at any level is at their discretion.
LimeFX Customer Reviews
Also, we should read the review contents attentively. If there are factual discrepancies, it is highly likely a scam. If facts are similar and everyone says the company is dishonest, this is likely truthful. Incepted back in 2008 by a group of financial experts, LimeFX started as a provider of robots for automated trading.
They said that this is a complete fraud, and it is unrealistic to earn something there. Now, I am quite a wealthy person. I have been working with this broker for three years now, and there are no complaints. Negative reviews are written by unsatisfied clients.
What is an STP broker?
After this, trading can already commence. An efficient internet connection is an excellent consideration as every delay costs traders money. While the lack of regulation is relatively seldom, traders need to pay close attention if a broker is not sanction by reliable authorities. Usually, brokers have regulators because they can only act in the frames of law. Besides the main regulation, there are many local organizations regulating LimeFX, making it trustworthy. If LimeFX performs some illegal actions, CFTC will revoke its license.
Worthy of note here is LimeFX’s regulation by the CFTC. A reliable regulator by all definitions, CFTC is sanctioned by the United States government. Neutral reviews consist of both the positive and negative sides of certain brokers.
Before its brokerage business, LimeFX created robots for automated trading. Such experience allowed its experts to become competent analysts. LimeFX needed to create working qualitative strategies to sell their robot traders. These steps to set up a LimeFX account are sufficient to start trading. New LimeFX traders should try out the Investor Simulator after registration, especially if said trader is a beginner.
