The broker is only registered offshore with the Financial Services Authority of Saint Vincent and the Grenadines, which does not qualify as proper regulatory status. No, LimeFx https://limefx.group/ is not a legit Forex Broker and Trade Platform. LimeFx does not have CySEC, FCA, FSCA, ASIC, or any other legal certificates to perform Forex Broker and trading services.

Thus, single-time execution uses a script on simple trading actions. The features and functions of the Metatrader5 that are the most important ones. They are Programming Language, Market Statistics, Mobile Trading, Strategy Testing and Optimization, and Market Depth. There are many other features to use from it if you explore the website closely. They offer good rates and so many options of trading instruments to chose from.

However, VIP clients will have access to several exclusive features, such as hedging, negative-balance protection, a personal portfolio, and low market price difference. A Forex Trading Cost is incurred by all traders who use the brokerage services from LimeFx. Not all traders will incur all of these cost types, which may vary depending on the account type or the instrument traded. The Prime Account from LimeFx limefx official site is designed for professional-level traders and provides investors with competitive pricing conditions and a range of services, alongside the account features described below. In terms of security, LimeFx uses several advanced security measures that include data protection, transaction monitoring, risk management tools, and certified storage. However, users should note that the broker is not regulated.

• However, users should note that the broker is not regulated.
• I signed up online and paid an initial deposit from my card into a new trading account they created for me to try.
• Overnight wipe out and you’ll never hear from any of them again!
• To open a Forex Trading account with LimeFx, a trader should follow the steps below.

This will allow traders to have pressing queries solved quickly and efficiently. Our robust trading platform, Profi Trader, offers advanced charting tools, four types of trade execution combined with NDD and automated trading capabilities. Our robust trading platform, Profi Trader, offers advanced charting tools, four types of trade execution, and automated trading capabilities. There are 5 main account types available with this broker.

🧐 Is LimeFx a Scam?

This is my personal experience with LimeFx, starting in 2019. As a complete trading newb, I responded to an online ad from LimeFx that appeared to be a genuine and good offer to get into FX trading and make money, regardless of whether the market is going up or down. I signed up online and paid an initial deposit from my card into a new trading account they created for me to try. In terms of online support, LimeFx offers a live chat option that provides fast access to the client support team.

Also, the broker offers a variety of deposits. MetaTrader 5 is also available as a mobile app for Android users. Trading accounts are now accessible and can be checked anytime, anywhere. At LimeFx, streamlined online investing offers traders to operate and take control of their finances in a smooth-running way with innovative digital experience in the marketplace. Excellent customer service, they are very helpful and skilled in forex trading.

LimeFx uses an electronic trading platform widely used by online retail foreign exchange speculative traders known as the MetaTrader5 Multi-Asset Platform. By opening a VIP account, experience hedging, and trade assets with a low market price difference that has negative balance protection. After a gap of one more day, I received a call from him again showing me a good profit and persuading me to make one more deposit since he has a scheme of 100% bonus credit if I deposit an amount on that day. After a lot of discussions, I finally deposited some more money into the account.

Nk Fixen Trading OY

We provide you with the latest news and videos straight from the Financial Industry. Also, the wide-ranging process of optimization of a complex robot is short and uses genetic algorithms. However, the new built-in features come with a custom visualization method and optimization results in 2D or 3D modes. During live trading, possible behaviors are simulated, and results are tested to allow trading strategy evaluations to be efficient. The main advantage of the Strategy Tester is the possibility of a robot on evaluating the performance prior to trading on a real account.

The total bitcoin transactions now summed up to a significant amount. By now, I got suspicious of what is happening and read about this company and found out that they are, in fact, an online scam. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. An economic calendar is a much-used resource amongst Forex traders as it allows them to stay updated on relevant market movements that may impact their trades.

Leverage can be understood as funds that are borrowed from the broker. These borrowed funds can be used to increase a trader’s position, and amplify profits. However, using leverage can also increase losses.

The professional technical analysis of currency and exchange quotes are enabled for the usage of 30 built-in indicators and 24 analytical objects. The MQL5’s programming language focuses on the trading specialization that makes it different from others. Functions like technical analysis and trade management are built-in in the MQL5. The epicenter for algorithmic trading development limefx emerged and that is Metatrader5, which has literally millions of users worldwide. The MetaTrader5 that has a multi-asset research and trading software platform can be used on a separate or connected compatible online broker. Besides, trading gives you a quick completion time, which is an advantage against its competitor to prevent wasting time and losing good trades.

LimeFx Regulation and Security

Nevertheless, SVG FSA does not issue any licenses for forex trading or brokers nor does it regulate or license international companies engaging in such activities. You can check the full alert or warning from FMA and CONSOB against LimeFx respectively.All proofs make it clear that LimeFx is not regulated by any financial regulator. That means investors’ funds in this broker are unsafe and cannot be protected by any laws.

The difference is in leverage, spread, and minimum deposit. A Tick Chart and Time & Sales information are included in the advanced feature of the Market Depth of the MetaTrader5. Besides, trades are separate on the accounting and orders. A two-order accounting mode is running the platform. However, they are the hedging method that can be used in currency pairs and the netting, which mode adopted from the exchange markets.

How does leverage work with LimeFx?

NDD brokers simply link two parties together and do not take the opposite position to their clients’ trade, as they do not pass their clients’ orders through a Dealing Desk. There are three types of costs with LimeFx. Commission costs are for cTrader Account users, spread costs are for all account users, and swap costs are for users who hold a position open overnight. Click “Create Account” to initiate the registration process. Once your registration has been approved, a support team member will contact you via email to confirm your account setup.

Guaranteed segregation of funds in trusted international bank accounts. There are 5 account types available at LimeFx. They all come with access to the education center, price alerts, and the MT5 platform. This is another red flag since all legit brokers are offering MT4 or MT5. Read our in-depth LimeFx review and find out why most of the traders are avoiding this broker.

scam: $367,000 loss

We have scanned fees that LimeFx charges when trading popular currency pairs, here is their breakdown in pips. The website’s main feature reduces the manual work in an efficient way that makes it competent to others. It is also accessible for traders who are flexible wherever and whenever they want to connect to it. Moreover, with the One-Click Trading function and Market option, clients can buy and sell currency pairs, equities, and futures.

What are the Awards of LimeFx?

The MetaQuotes Language 5 permitted the use of “Black box” programming. Besides, it means, programs are easy and user-friendly. Creators of trading robots and clients use the new context program. The library stores and distributes codes and units for the development of the trading applications. In addition, other assets such as oil, gas, metals, and more have zero commissions. To experience hedging and to have a trading portfolio, begin with 100,000 USD.