However, the company offers a comprehensive e-course sign up program for its clients. Through the e-course registration, the company intends to deliver in-depth knowledge on how the forex trading works. It offers educational training videos on how to trade and become profitable.
Referring to the official LimeFX website, this broker has received many awards since 2013 successfully becoming the Best broker in China. #Best FX online 2015 based on New Europe magazine, Best broker Middle east 2016, The Bizz 2017 Peak OF. The Best Forex Broker Latin America in 2018. Most reliable online trading platform 2019 by an international business magazine. Best fund client security Africa 2020 by an international business magazine. Insurance – The online financial service understands that traders want to focus on trading without worrying constantly about the safety of their funds.
When traders want to access an account they need to submit a request with contact the broker’s support contact. LimeFX has a leverage policy in which three types of accounts, Premium, Zero Spread, and HF Copy apply a variable leverage policy depending on the product being traded. Yes, you can rely on the company as the brokers have a wide range of currencies and services to trade. You can focus on trade and trust on LimeFX and you don’t have to get worried about how you can withdraw your profits or funds from LimeFX broker. You can withdraw as much as 10 times and they’ll always process the request within 24 hours excluding holidays.
Ally Invest is better known as a low-cost stock broker , but currency trading really adds some breadth to its offerings. Ally is a good choice for traders just starting out, and it offers more than 80 currency pairs and easy-to-use charting software, including a mobile app. 75.55% of retail investor accounts lose money when trading CFDs with LimeFX. LimeFX seems to be lagging behind the industry standards when it comes to the availability of resources under the research section.
However, multiple account types, advanced trading tools, and rich educational resources can also work great for seasoned traders. HotfForex’s newly inducted Direct Market Access accounts offer great potential for high volume traders to make lucrative earnings. Not to mention, the DMA accounts come with attractive bonus deals. The broker also provides educational articles on current market conditions and environments that can have an effect on different asset types.
Charting Tools & Newsfeed
The initial deposit for opening a LimeFX Micro Account is $5. The Micro Account is a really good option for anyone to get started with trading forex, stocks and commodities, as you can instantaneously open an account and get started with a small deposit. If you’re looking for a platform to quickly get started with trading, choosing Webull’s Micro Account is a solid choice. Non-trading fees consist of fees such as deposit, withdrawal and inactivity fees which are not directly linked to trading.
Similarly, it offers a plethora of deposit and withdrawal options. LimeFX also has a great demo account with good educational resources and the fact that you can start with as little as $5 deposit means that it can be a great app for you to get started with trading. limefx broker reviews The broker are known as Robomarkets within the European market. With the use of the HF app, all you need to do on the website are made available in a few clicks. Or by the use of MT4 MultiTerminal with access to manage multiple accounts simultaneously.
Click the link below to join Capital.com for an educational and comprehensive trading platform. The broker generally has slightly expensive forex spreads limefx reviews for most account types. However, it does a good job of having no non-trading fees due to which it scores a decent 8 as per our scoring guidelines.
LimeFX In Summary
Premium Trader Tools – You can download and install these tools on your MT4 or MT5 platforms in a single package. According to microsoft’s fiscal reports, the current revenue of the company was $37.2 billion, which is a 12% increase. The Regulatory body regulates Online Forex Brokers in Kenya and Protects investors’ interest. That is why you can report any incident of scam relating to Online Forex Trading to CMA. One of the methods they use are time frame of the purported Investment they are advertising to you.
For the safety of funds, LimeFX has received an award in the category of Security fund client. For this purpose, LimeFX provides Civil Liability insurance for a limit of €5,000,000, in case of errors, omissions, negligence, fraud, and various other risks that can cause financial losses. If the client does not use the account for 6 months, or in other words, during that period there is no trading activity. It is an inactivity fee that is also applied to several other brokers. This article will review to thoroughly explore the LimeFX broker. LimeFX iPad Trader – This platform integrates seamlessly with iPad functionality so that traders can enjoy the best trading experience.
Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. So, whether you’re reading an article or a review, you can trust that you’re getting credible and dependable information. Any estimates based on past performance do not a guarantee future performance, and prior to making any investment you should discuss your specific investment needs or seek advice from a qualified professional. The scam brokers play with one of the weakest of human emotions – “Greed” to get your money.
#10 LimeFX Safety & Regulation
On the other hand, the economic calendar helps clients to stay informed about any upcoming economic events. The news section covers the hot topics relevant to the forex market as well as reveals the significant price moves. Together with education we promote a carefully selected group of brokers, who we feel have the trader in mind, at all times. Our goal is to always provide the most educational content to help evolve traders around the globe.
You’ll be able to trade popular cryptocurrencies such as Bitcoin and Ethereum at attractive commissions. We are an independent, advertising-supported comparison service. Make sure the asset class or instrument that you want to trade is available with the brokerage, and that too at the lowest fees possible.
Internationally, major market regulators like FCA of UK, ASIC of Australia, CySEC of Cyprus – all do the same for protecting the investor interest by regulating the market. It is best to start by looking whether the brokerage that you are choosing has a regulatory license & approval in SA. Although we can never be 100% safe as an investor but following this – ‘8 points checklist’ can greatly reduce your chances of opening an account with a fraudulent firm.
Myfxbook and its affiliates are not responsible for any losses incurred due to the use of the content provided. We all know that the FX market can be extremely risky if you do not trade with a complete strategy. So, you should invest the amount of money you can afford to put in 100% risk. Another thing a new investor in Kenya should note is that a lot of scam brokers usually charge very high fees. New traders should be careful of brokers or organizations, individuals that make guarantees of unrealistically high profits.
LimeFX has a quick sign up process, which coupled with plenty of deposit and withdrawal options and an excellent demo account make it a strong broker. However, there are a few dimensions where Capital.com is much better and a more comprehensive alternative than LimeFX. Once the information has been submitted, traders may Exchange-traded fund need to verify their email addresses before being able to access the client portal and subsequently the demo account. PalladiumPalladiumPlatinumPlatinumXAGEURSilver/EuroXAGUSDSilver/US DollarXAUEURGold/EuroXAUUSDGold/US DollarThe broker mainly jsut offers precious metals like gold, silver, palladium, platinum and silver.
Hot Forex Review
New Forex traders in Kenya should bear it in mind that promises of high and guaranteed returns are big warning sign that the risk of being defrauded is in the offing. If you are a new Forex trader in Kenya, please go through the CMA’s List of Licensees to know the brokers that are licensed. The purpose of this article is to enlighten new online Forex traders in Kenya on how to avoid falling victims.
- You can focus on trade and trust on LimeFX and you don’t have to get worried about how you can withdraw your profits or funds from LimeFX broker.
- You need to check reviews of different forex brokers before you plan to trade with any of them.
- New Traders joining the Forex market in Kenya and African countries should note that the phrase “Risk Free Return” does not exist in the dictionary of Online trading in Forex & other capital markets.
- Forex broker offers a wide selection of platforms and technical tools, several types of demo accounts, an interesting bonus program.
- Building a diversified portfolio is a great way to hedge risk and Capital.com gives you that option by providing you with a plethora of options.
Top brokers will offer robust resources, low trading costs, and access to the worldwide interbank system. They’ll also handle your money with care, even if you open a small account in the hopes of turning it into a small fortune limefx broker reviews through your trading skills. However, the cost of trading varies depending upon the selected account type. LimeFX offers six account types under three categories, including zero spread, premium, and premium pro.
A forex trading plan will give you an analysis report for the market trends. Then if it becomes non-trending or choppy and you are still trading it forcefully, the other trading pairs will scream out downtrends or solid uptrends. It would be best to trade the available and best opportunities in the forex markets; it can be easily positioned with a forex trading plan. The minimum deposit is the smallest amount you need to start trading with a broker. A minimum deposit or first deposit is the lowest amount of money needed to open an account with a brokerage firm . In Kenya, non-dealing forex broker serves as a link between the Forex market and the trader.
LimeFX has a wide choice of payment methods including credit cards, debit cards, American Express, Bank wire transfer, and e-wallet payment systems like Neteller, Skrill, Webmoney, Trustpay etc. The minimum deposit for the Micro account is only 5$, while the HFCOPY strategy provider needs euro dollar forecast to deposit 500$, and follower 100$. You can trade forex, metals, energies, indices, shares, commodities, and ETFs. Capital.com also has some great asset classes like bonds, stocks, CFDs, ETFs, commodities and forex which provides it with a greater product portfolio than LimeFX.
LimeFX Group Review
If you are new to using leverage and want to use it in your trades, we advise being careful. Because if you use leverage for trading you can end up losing more than you make. We also recommend you to have a look at LimeFX as it is also one of the strongest brokers in our database and covers a lot of African and Asian nations. Many of our brokers in Southern African and far east countries like South Africa, Zimbabwe and Indonesia have tried these brokers and given us positive feedback. LimeFX Reviews on Trustpilot get 111 reviews from users as of the time of writing. From the overall review rating, LimeFX gets 4.1 stars out of a total of 5 stars.