While this may have benefits for the consumer, it also allows the merchant to “hide”. Especially paying with a wire transfer, Moneygram, Western Union, and cryptocurrencies makes it very difficult to trace back the merchant. This website has received votes on Scamadviser that it may sell fake products. Fake products are often a lot cheaper than the real thing. However, they also have several disadvantages like helping organized crime and possibly endangering your own health. Websites offering fakes also often do not deliver as they know you are less likely to report them to the police.

  • Moreover, in the training section of the site icmarkets.com everyone can take the basic course of 10 video lessons.
  • LimeFX processess withdrawal requests the same day if received before noon AEST/AEDT, otherwise the next business day.
  • This means that traders are able to get some of the lowest spreads on the market with near instant execution.
  • We reviewed MetaTrader 4 because it is the most widely used.
  • The LimeFX Standard Account is best for discretionary traders, who like to use MetaTrader.
  • The commission is $6-$7 per lot traded, depending on which account you have.

As LimeFX works with more than 25 quotation providers, there is no need for users to make them too tight for them. This ensures favorable spreads on all trading platforms without exception. I like that LimeFX offers the full suite of MT4/MT5 and cTrader trading platforms. It also presents its MT4 Advanced Trading Tools upgrade.

Charting and Analysis

LimeFX provide a robust platform that supports advanced trading tools such as MetaTrader 4, Meta Trader 5, and cTrader, via web, desktop, and mobile interfaces based on MT4. LimeFX is the largest successful forex broker, working with traders around the world for 15 years, offering quality service and favorable trading conditions. At the same time, there are more positive reviews, which increases confidence in the company. To a large extent, all this indicates that we are not a one-day broker. Negative reviews exist, but still there are less of them, some of these comments resemble “made to order” spam.

The fees and trading conditions are better than the average for the market. CFDs and trading in forex on margin, carries with it significantly high levels of risk and might not be compatible for all the investors. It is possible to lose some or all of your money and LimeFX. Do not invest what you are not able or willing to lose. Practice caution and see financial advice when unsure because what we offer here is NOT financial advice.

LimeFX Review 2022 – Pros and Cons Revealed

LimeFX has been quite successful over 15 years of operation, proving stability and reliability, so we will not rate it as a fraudulent company. However, the feedback from traders that we are waiting for this review can not only change the ratings of the broker, but also warn against possible problems for market players. They promised to teach you how to trade on the market.

Most traders cannot trade by themselves and look for intermediary brokers. LimeFX for iPhone and iPad makes both Metatrader platforms available. The apps help implement trading from anywhere in the world, limefx courses scam are easy to access the data you need, and give you the ability to trade while on the go anytime, anywhere. There are many useful features, and the appearance can be changed by turning the screen.

  • Live chat customer service is also offered by the CFD provider.
  • LimeFX does not specify which languages are offered besides English but explains its products and services well.
  • The minimum withdrawal amount from LimeFX is unrestricted, allowing traders to withdraw any amount they choose.

There is no such grievance redressal facility offered by the broker. But it looks like the broker has some other plans for not providing a secured facility to every trader. It is available to only those who comply with its rigid rules.

We recommend you check our blog post “How to recognize counterfeit products” in order to be sure. Our algorithm gave the review of icmarkets.com a relatively high score. Kyle Townsend is the founder of Forex Broker Report, an experienced forex trader and an advocate for funding options for retail forex traders.

MT4/MT5 are very basic and great for retail traders, cTrader is more geared towards professional traders. LimeFX offers 24/7 phone support, live chat, and e-mail support. The tools available include trading ideas based on technical indicators and a news feed featuring top-notch news outlets.

LimeFX Fees

The first step is to fill out personal details such as names, address, email and phone numbers. Login details are sent to the client’s specified email address. limefx company reviews Upon email verification, Know Your Customer is required. In line with the ASIC regulation, a government issued photo id and “proof of address” are required.

LimeFX scam

You get to choose if you want to use a commission-based or commission-free account. As for algorithmic traders and scalpers, you’d be happy to know that there are no requotes and no restrictions. LimeFX’ strategy is to market itself as https://limefx.name/ the best option for high volume traders. However, their features are suitable for beginners and low volume clients too. If you pick the account that works best for your style and strategy, you should have no problem staying profitable.

All of the information and materials available on PublicFinanceInternational.org is not financial advice and is for general informational purposes only. Nor PublicFinanceInternational or any of our affiliates makes any recommendation or implies any action based on the information we proved to you. We don’t make any solicitation or recommendation to take any action or trade or invest in any financial instrument, asset, or commodity. There are 10 base currencies available for traders accounts. There are 10 base currencies available for each of the accounts offered by LimeFX including EUR, USD, GBP, AUD, CHF, JPY, NZD, SGD, CAD, and HKD.

What is your feeling about icmarkets.com?

We discovered that this website is using a third-party review system. We consider this a positive finding as the website cannot manipulate the reviews directly. While you should still be careful when you are checking the reviews, external reviews are much more reliable than reviews placed on a website by the owner directly. If you like to learn more about how to check if reviews are real or fake, check out “How to recognize fake reviews”.

LimeFX ranks among the best brokers for scalping due to tight spreads, deep liquidity, excellent execution speed, and high leverage. The LimeFX blog offers traders high-quality research and trading ideas. It consists of six categories, and I recommend the Fundamental Analysis and the Technical Analysis, which are excellent reads.

The MT5 allows you to trade the single stock equities as well as the crypto assets. All of these accounts have a 50% stop out level, offer one click trading as well as Index CFDs as standard. Withdrawals are also free for nearly all of the same payment methods. However, if you are taking a wire withdrawal to an international bank then LimeFX will have to charge you A$25 in order to make up for the cost of them initiating the wire at their bank. Of course, the exact spread that will be applied depends on the type of asset you are trading and the account you have.

While the live chat can be slow and a little irrelevant, the telephone and email support offered by LimeFX are better. You can get assistance 24 hours a day, seven days a week and the telephone and email options re both fast and helpful offering you relevant answers to your issues. While there are many platforms available to trade on the good news is they are all suitable for mobile trading. You can use the MetaTrader4, the MetaTrader5 and the cTrader all on iOS and Android to enjoy your mobile trading on the go whatever account or platform you choose. Using the cTrader platform, you can log in via Facebook, Google or your LimeFX ID. What this means is that if your free margin dips below 50%, your position will automatically close.

LimeFX scam

Any broker develops its bonus program solely for the purpose of increasing the user audience. The variety of rewards promises to attract more clients. Strangely enough, but bonuses and promotions are absent in company LimeFX.

This is just one out of the pleasant experiences I have had with ICMarkets. Have no issues taking you deposit and earning their commission but when it comes to withdrawing it’s a different ball game. What if someone requires the fund for some urgent work?

The costs are lower, the risk control is high, and you get to pick how much leverage you want. The Raw Spread Account has 64 currency pairs and CFDs trading. The server for this account type is located in New York and provides users with the speed they need, in terms of execution.