LimeFX Review Is it a Scam or Legit Broker

As the sun rises and then moves westward, other financial centers in the Asia-Pacific region – such as Japan and Hong Kong – follow. Europe and London are next, with New York opening last as the furthest-west market – that session ends at 5pm EST. Here at BrokerNotes, we created this guide to cover what we consider to be the Forex Fundamentals. We’re sure you have a bunch of questions about forex trading, and this guide will help you find the answers you need to start your own journey into the forex world.

XTB has 2 main types of trading platforms for its traders to choose from, the MetaTrader 4 platform and the xStation 5 platform. The MT4 trading platform is the most popular trading platform in the industry and comes with a wide range of trading tools. It also supports automated trading with the use of Expert Advisors.

These educational offerings are paired with easy-to-use platforms and plenty of tradeable instruments, making any of these forex brokers an easy choice for beginners in 2022. Some of the largest banks in the world have been reprimanded for forex market price manipulation, a practice that is comparable to price gouging. Forex market price manipulation occurs when a bank purposefully alters execution prices for their clients (without their clients’ knowledge).

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LimeFX also offers swap-free accounts for traders of Islamic belief, and PAMM and MAM services through the LimeFX Partners program. This alternative service for money managers is only available to qualify, and experienced, fund managers with relevant licences or industry experience. Gurvin Singh Dyal turned to social media to prey on his victims. Gurvin successfully used his Instagram page, where he garnered 125,000 online followers, to lure people into his forex trading pyramid scheme. He promoted a lavish lifestyle, promising others they could follow suit if they paid to access his forex trading course, as well as pay him to trade for them using his company – GS3 Trades. LimeFX offers a selection of major, minor and exotic currency pairs.

Ultra tight spreads from 0.1 pips are available on major, minor and exotic forex pairs. Trade on close to 20 currency pairs, including crypto pairs. LimeFX offers spreads from 0.0 pips on the Razor account and has 60+ pairs available to trade. The regulatory oversight offered by the financial regulatory agencies give traders the peace of mind that their money is safe with this broker. In addition as a regulated broker under the FCA, traders’ funds are protected under a compensation scheme known as the Financial Services Compensation Scheme . Should ever XTB becomes insolvent, XTB’s clients can claim for compensation up to a maximum amount of £50,000.

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The advanced charting options and risk management tools increase your chances of success at Plus500 forex broker. Established in 1983, CityIndex is one of the pioneer limefx broker reviews brokers in CFDs and Forex trading. With over 35 years of experience, CityIndex offers the most reliable trading platforms powered with instant trade execution.

The broker offers multiple methods for funds deposit and withdrawal and has a quick account opening process. With its low deposit requirement, XM allows everyone to be a part of the broker. LimeFX has seen huge growth in 2021 having gained over 2.5 million new users in January and February alone. LimeFX has become a market leader in social and copy trading due to their feature rich trading platform and large social trading community of over 20 million users. LimeFX traders actively trade Stocks, Cryptocurrency, Commodities, Forex, CFDs, Indices and ETFs from desktop and mobile devices.

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You can also put limit orders in place for when you are entering markets. The first area to take a look at are the trading features that you can expect from XTB. They also reserve the right to close your account if you do not have a sufficient balance to cover the fees. This XTB inactivity fee will only be charged if you are inactive for 1 year. If this is the case, the broker will charge a monthly fee of $10 until you log back in to your account again. The only account type which does not apply any overnight fee is the XTB Islamic account.

With XTB, this selection is not one of the widest you will find. With that said, major currencies in the form of EUR, GBP, and USD are all available. The account type does however charge a slightly higher commission of $10 per lot traded. With over 15 years of activity in the financial markets, XTB Group has gained over 495,000 customers. Each firm is independent of the others and regulated separately. Our international lawyers are able to provide assistance in English, French, Italian, Spanish, German, Arabic and Chinese.

These articles are available to both new and experienced traders, and they help us learn new techniques of trading. The company is one of the most attractive brokers as they have already proven their trustworthiness in a market where mistrust is one of the biggest issues. The broker opened its door in 2003 and has made several traders happy ever since. XTB stocks have more than 2,000 assets that you can choose from.

They have 12 offices in countries around the world and are well-regulated by the KNF, IFSC, DFSA, and FSCA. XTB offers low spreads from 0 pips as well as the ability to trade real stocks and CFDs. We here at LimeFX appreciate all the reviews and feedback we receive from our clients, and we aim to deliver the best customer service and most amazing trading experience. LimeFX minimum deposit is 200 of the accepted base currency units.

The LimeFX cTrader is available in multiple languages; Chinese, English, French, German, Greek, Hungarian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish and Turkish. The company was originally founded by a veteran management team with years of experience in the forex and technology industries. LimeFX holds an AFSL – Australian Financial Services License – and is regulated by the Australian Securities and LimeFX Commission. LimeFX is also regulated and licensed in the UK by the FCA, in Cyprus by the CySEC and in Dubai by the DFSA.

  • We enjoy both exclusive welcome bonuses and VIP deposit incentives, which could be either cash or credit.
  • Traders have access to educational video tutorials and eBooks in addition to these.
  • Today, they have become one of the biggest stock exchange listed forex and CFD brokerage firms in the world.
  • No, LimeFX only offers its own proprietary trading platform designed for browser-based trading.
  • Gas is one of the most important and traded commodities in the world!

XTB (X-Trade Brokers) is a European brokerage house that offers derivatives trading. Start profitable stock trading with a reliable broker and a convenient trading platform. LimeFX has a team of highly skilled and professional people working tirelessly to maintain a controlled and secure trading environment for consumers. Even these procedures come with top-notch security measures when it comes to making transactions such as deposits and withdrawals. You should bear in mind that you will not be able to conduct such transactions, such as withdrawal of funds if you don’t check your account. This verification process is also perfectly common for all industry-leading regulated brokers.

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The lawyers at Giambrone & Partners Sociedad Limitada Profesional are regulated by the Spanish Law Society . Look at our picture to see a few examples, like Tradebot+, Option Robot and Fintecbot. They all use this exact same software that is known to be scamming people. The best ever trading app, best account manager, best education while trading and best ofers.

You can also make use of VPS while trading with the broker though they do not offer one of their own. When it comes to XTB leverage this will depend a lot on which regulatory authority you fall under. It will also differ depending on the asset you are trading. This means that XTB has access to the most competitive rates in the industry, although as a market maker, they will make their decision on the final pricing of any orders. There are a couple of other fees that you may encounter from time to time when trading at XTB.

  • Forex trading is offered on 55 pairs, with spreads from 1 pip on standard accounts and from 0.8 pips on the classic ECN account.
  • Besides this, certain rebate providers may not pay on time, or not at all.
  • The banks’ clients end up with falsely inflated trading costs, and the bank (or the bank’s senior traders) make money by skimming from their own clients’ funds.
  • Accessibility and Affordability– Beginner forex traders and small-timers need love too.

In order to unlock your deposit bonus, you will need to generate points. All Majors, Minors and Exotics award points at the ratio of 1 XPoint per $1,000 in currency traded. Interestingly Bitcoin awards 53.3 points per $1,000 traded.

Who Owns LimeFX?

Still, if you deposit more, XTB can cover many fees and non-EU traders can benefit from a tiered reward for many bonuses. XTB is one of the largest stock exchange-listed FX brokers in the world. We’re also regulated by the world’s biggest supervision authorities, including the Financial Conduct Authority. With superior execution on a reliable, award-winning platform, we’re one of the largest stock exchange-listed CFD brokers in the world – and we’re dedicated to helping you at every stage of your trading journey. If you would like further information about protection, the authorised or registered firm should be able to help. We believe this firm may be providing financial services or products in the UK without our authorisation.

The platform has also been made into a mobile app for iOS and Android smartphones and tablets. Yes, LimeFX offers a demo account with all the capabilities and options available with a real money account. ActivTrades – ActivTrades offers online trading on the MT4, MT5 and ActivTrader platforms. It offers its own platform and I fully support such a solution from its side.Less expenses equals more profits for the clients, because the company will not pursuit money. Right after joining this broker, checked out video tutorials, which are proposed here. Wanna note that traders should start from the very beginning, even if you have experience in trading.

The market is open 24 hours a day, when trading closes in New York it starts again in Tokyo and Hong Kong. Currencies are always traded in pairs, for example the US$ with the UK£ or the US$ with the EURO. With constant price fluctuations this tumultuous market can make Institutions, companies and some individuals a great deal of money. In accordance with our research, LimeFX is a broker licensed and regulated by the IFSC.

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The number can vary since the bid and asking rate will not be the same. LimeFX will not charge deposits and withdrawals but will take $50 per trade for an inactive account. No, LimeFX does not provide its services to traders in the USA, Canada or other countries limefx courses scam where its services conflict with local laws. However, LimeFX can be used in many countries worldwide, including India, the UAE, Australia and Uruguay. No, LimeFX only offers its own proprietary trading platform designed for browser-based trading.

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