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The broker does, however, provide some level of fund protection by using trusted banking associations. Fortunately, the MetaTrader 5 platform also comes with premium security features including 128-bit encryption and 2FA protocols. Prospective traders should also be aware of hidden fees listed in the terms and conditions including inactivity penalties and charges should your limefx courses scam account balance drop below $100. This is a real drawback and worth keeping in mind before opening a live account. The Strategy Tester of MetaTrader5 offers diverse testing modes to achieve the optimal speed or quality ratio. However, examination and identifying of correlation between multiple currencies are allowed by testing the multi-currency trading robot’s capability.
In addition, the Expert Advisor does appropriate changes after a week of detection on the points of a comprehensive testing report created after the test run. Also, trading robot experts test different input parameters and selecting optimal values. 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. The limefx website mentions that clients located in the United States are not allowed to open accounts. However, you’ll often find that these terms are much more lenient, especially with brokers like this one that is located in St. Vincent & the Grenadines. After testing the sign-up page from our US-based offices, we had no problem creating our account.
This Forex broker has a strong client…
What we don’t understand is why this broker fails to be more transparent about exact spreads in this area, especially since it plays such a crucial role in selecting an account type. This broker offers trading on a platform that we don’t see offered quite enough, the MetaTrader 5 platform. The developers kept this platform’s layout similar to the one available on MT4, but programming and other features have been added. The program is accessible through its browser-based version, WebTrader, and also via download on PC, Apple products, and Android devices. limefx offers straightforward trading on the market-leading MT5 platform. But whilst available to clients from most countries, we do have scam concerns given the negative customer reviews and lack of regulatory oversight.
- Just lately my trader mentioned to try trading longer timeframes and smaller volumes .
- Overall the account climbed but after one year of trading I still have not reached my goal of an AUD 100,000 account.
- Based on the information that we’ve provided and the reporting that stands behind it, limefx or limefx Ltd. is an offshore Forex Scam.
limefx offers several features to improve the trading experience. Users benefits from daily news, a global economic calendar and a range of educational videos. These are handy resources for beginners and those looking for support when approaching the financial markets. The only downside is that some resources are only available once you’ve opened an account and started trading.
Is limefx Regulated?
Educational offers are slim and made up exclusively of educational videos. These videos are detailed and provide an immersive learning opportunity, although we do wish that the company offered more in the ways of education. When it comes to trading tools, you’ll find an Economic Calendar and Daily News under the limefx cheating ‘Analysis’ tab of the webpage. limefx is not currently offering any bonus opportunities. This is disappointing, but this isn’t something we expect all brokers to offer. Hopefully, the broker will have added some extra opportunities to profit by the time you read this article, should you decide to sign up.
In order to bypass the restriction, you’ll need to select ‘US Minor Outlying Islands’ as your country. Under ‘State’, you’ll choose ‘Other State’ from the bottom of the list. You can then add your real phone number, address, and zip code and you will be allowed to open your account with no issue. All of the available funding methods are also available https://limefx.club/ for withdrawals. Although the website is vague when it comes to funding, we were happy to find the information listed that mentions no extra fees are charged on withdrawals. Not having to worry about withdrawal fees mean that you can make smaller, more frequent withdrawals if you’d like to, without worrying about fees eating into your profits.
What is the minimum deposit to open an account with limefx?
limefx does not offer a demo account to prospective traders. With a minimum deposit of $250, this is a real disadvantage as other competitors offer a free demo account service or much lower minimum deposits. New users have no way of exploring the platform and products without investing real money. They all come with access to the education centre, price alerts, and the MT5 platform. As the minimum deposit increases so does access to additional features, details of which can be found on the broker’s website. Higher account tiers also benefit from fixed, low spreads, though details of these are not shared.
I am fully satisfed with both signals and services. I get real good deals and I was able to gain profit from the offers. I am impressed with the signals and with their customer service.
Spreads
For a 2 lots short of gold at 1390, if the price went to 1500, you are already looking at a potential lost of 20k+. When it went to the current of price 1900+, you are already looking at a potential lost of 100k+. Unless you have the money to hold and wait for it to drop back to 1390, your account will have already burst. Other than that, we were able to find the reviews from Denmark, Poland, Portugal, and several other European countries. Based on the information that we’ve provided and the reporting that stands behind it, limefx or limefx Ltd. is an offshore Forex Scam. They should not be trusted under any circumstances for providing financial services in any form to anyone ever.
- But whilst available to clients from most countries, we do have scam concerns given the negative customer reviews and lack of regulatory oversight.
- They make sure that I am on the right track always.
- However, you’ll often find that these terms are much more lenient, especially with brokers like this one that is located in St. Vincent & the Grenadines.
- limefx actively helps active traders around the world to get an edge in today’s fast-moving markets.