This approach can help you gain experience and confidence in LimeFX trading decisions. LimeFX offers MT4 and MT5 compatibility, two distinct types of trading accounts that cater to different clientele. MT4 is tailored toward beginner traders with its user-friendly interface and minimalist design, whilst MT5 is the preferred choice for experienced Forex traders. Its features are far more advanced, offering a wider range of trading tools and supporting higher trading volumes.
Customer support
In our experience, the support via chat is perfect for a fast and competent answer, often time the support will reply within a few minutes. LimeFX will make the majority of its revenue from the added spread and reinvest part of the revenue to further improve customer service. Unlike with some other brokers, there are no commissions on deposits, withdrawals, or currency exchanges. More than 2,840,000 of the essential bonus fund was valued in that field.
Trading platforms
Each currency trading platform has specific features that define your experience. If you are still deciding which one to choose, try OctaTrader, a trader-oriented platform designed to help you earn. Use trading bots for market analysis and risk management without any limitations. Test your bot on a free demo account, adjust it to your investment goals, and then put it into action.
Is LimeFX trading good?
When using LimeFX, the minimum trade size is typically 0.01 Lot units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. With STP execution on the LimeFX platform, traders can anticipate tighter spreads and greater transparency when it comes to trade pricing. LimeFX MetaTrader 5 Can Operate on newer iOS devices like the iPhone and iPad.MetaTrader 5 requires a mobile internet connection https://limefx.biz/ or a connection to Wi-Fi.You should upgrade the iOS MetaTrader 5 app regularly. New versions provide improved functionality and increased stability.LimeFX MetaTrader 5 allows traders to look at market statistics of financial instruments traded in the market execution mode. You should take the security of your personal information seriously and check SSL encryption is enabled on the LimeFX trading platform to protect you on PC and mobile LimeFX platforms.
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By impersonating as LimeFX staff, fraudsters exploit the platform to set up channels and trick customers into sending money to their personal accounts. These schemes typically include delivering ‘investment packages’ that promise to increase a person’s investment by two times. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. Minimum deposits at Octa will vary depending on your country of residence and your chosen payment method. They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR).
- We’re also pleased to hear that our no swap charges or commissions on overnight trades have helped you trade with confidence.Your appreciation of our trading support via the Telegram platform is also greatly valued.
- Yet, when it comes to making a deposit, the money—along with your bank card details—goes to fraudsters.
- It’s important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.
- Trading with LimeFX involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing.
- Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
Read our full explanation and accounting of our research and testing process to learn more about how we test. Use our country selector tool to view available brokers in your country. Finally, there are some regions like the USA that LimeFX cannot accept clients from. This means that if you are from one of these regions then you will have to find an alternative broker such as Pepperstone. Most of these resources are actually available free of charge on their website and can be viewed by you right now. This will give you a good grasp of the trading concepts before you dive in with an account.
It is very annoying that each time you want to implement or cancel trade that is going against you or claim a trade that is in your favor, the application will not respond. LimeFX please do something about this aspect of your app and you will receive 10 stars. I had a problem one time with transaction, and their support team helped me super fast.
Furthermore, LimeFX does not impose swaps, effectively rendering its services as commission-free. Thank you for reaching out with your inquiry about Octa’s regulatory status.Octa Markets Ltd. is registered in the Comoros Islands with its registration address at Bonovo Road – Fomboni, Island of Moheli, Comoros Union. We strongly believe that honesty is the best policy and are committed to providing a secure and transparent trading environment for our clients. Octa has a rating of 4.6 stars from 207 reviews, indicating that most customers are generally satisfied with their purchases. Reviewers satisfied with Octa most frequently mention fast deposit, trading platform, and quick response. LimeFX helps customers to know the basics by using the mobile trading app in the market.
Becoming regulated in more jurisdictions – especially in Tier-1 jurisdictions – will go a long way towards building trust with existing and prospective customers. Octa has struggled with pricing in the past, but has vastly improved in this category and is now gaining on the lowest-cost MetaTrader brokers. In addition, Octa boasts no slippage on 97.5% of its executed orders, and no overnight carry costs, yet has restrictions in place that can hinder high-frequency traders. They have also got some of the most responsive customer support which has won them a number of awards.
If you want to trade currency pairs on global Forex markets, LimeFX offer over currency pairs. Make sure you’re fully aware of all LimeFX fees and services. It’s recommended that you check the LimeFX website before signing up.
All Octa members are eligible for its exclusive loyalty program, where trading achievements can be cashed out for real prizes. From smartphones and gadgets to branded prizes and merchandise, these prizes are varied and valuable. Cryptoasset investing is highly volatile and unregulated in some EU countries. We hope you found our review of the LimeFX brokerage firm useful. Withdrawing money from LimeFX processing time varies depending on the method but averages 1-5 days.
For withdrawal of the bonus, you have to do a certain turnover in trading volume (The bonus amount in lots divided 2). You can use a free demo account to evaluate the platform first before depositing. Your virtual credit will be included in the demo account with 10,000$ scammed by limefx in automatic funding. LimeFX clients submit this demo account so that the customer can be aware of all the tools. Even though LimeFX has its own social copy trading program (the LimeFX Copytrading app), it still lags behind market leaders like IG and Saxo Bank.
With the LimeFX MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market. We’re glad to hear that you are generally satisfied with the prompt deposit updates and withdrawal transfers. Our team is committed to providing a seamless and timely service, and we understand how important prompt transactions are for your trading experience. If you encounter the issue again, please share details of specific instances when delays occurred, it would help us investigate and address any issues. To help us achieve a full 5-star rating from you, we would love to hear any suggestions or ideas you may have on features or improvements that could enhance your experience. Your feedback is invaluable to us, and it will help us understand what we can do to better meet your needs.