Additionally, the trader can choose to make the stop loss a trailing stop loss order. The one difference between the web-based and downloadable offering is that guaranteed stop loss orders are only available on the latter and, furthermore, https://limefx.club/ only for U.K./E.U. Standard account and commission account traders may also benefit from the Active Trader Program. The program is open to anyone who opens an account with at least $10,000 or who trades $25 million of volume in a month.

Refuse Unsolicited Marketing – Any broker that is legitimate and has a history of providing good services does not need to go around soliciting customers and using high-pressure sales tactics. This is a sure sign of a broker that is on a mission to recruit traders at all costs, which is something you need to be wary of. Withhold your money and personal information until you are sure you are limefx website dealing with a legitimate entity. It is unwise to rely on the information you have bought from unknown entities whose past performance record you do not know. Many traders still fall for the same scam, though, and as a result, end up thinking all forex trading is fake. Read on to find out what sort of forex scams you should be wary of and how best you can avoid being the next victim.

NewsWikiFX Ranking: Top 6 FCA forex brokers

Users can trade on LimeFx’s web platform, on their iPhone and Android apps, on their desktop trading platform, or on a third-party FX trading platform called MetaTrader. Please reach out to our support team if you require a deeper explanation or have any additional questions by phone, live chat, or email Sorry if I upset you again but I have to say that your reply seems persuading to novices only, but not persuading to experienced traders with some knowledge of the industry. Your reply is somewhat misleading traders on purpose to believe that UK brokers, for instance, are not allowed by their regulator to accept traders from other countries.

Traders will have the option to choose between several account types, and over 80 currency pairs, in addition to unleveraged gold and silver in the U.S., and hundreds of CFDs for non-U.S. Traders with a commission account are charged limefx company reviews a raw spread with a commission. Traders can only use the LimeFx trading platforms with a commission account. This type of account is best for FX traders who want the tightest spreads, and are willing to pay the commissions.

Standard Account 👤

New investors will find some helpful background information, but relying solely on LimeFx’s education to become proficient in the markets is unlikely. That said, the material covers all the major topics that a beginner should need to know. OCO – A pair of pending orders where the execution of one automatically cancels the other. Market – The simplest order where a trader signals that their trade request should be executed at the prevailing market rate. An effective web presence is crucial for an online broker. While LimeFx’s website has an intuitive feel, there are a few pages with either incorrect, outdated, and/or incomplete information, which speaks to a general lack of attention to detail.

• Clients can access content according to their experience level, or thematically.
• Those who use technical analysis to inform their trading will appreciate LimeFx’s technical indicator offerings with over 90 individual indicators to choose from.
• A LimeFx account can also be integrated with NinjaTrader, a popular third-party trading platform.
• See how much stock trading costs and what stocks are available at LimeFx.

Tradersunion.com needs to review the security of your connection before proceeding. Stop – A pending order where the entry is at a predetermined point above or below the prevailing market rate depending on whether it’s a buy or sell. The trader also has the option of selecting the expiration time of this order. Limit – A pending order where the entry is at a predetermined point below or above the prevailing market rate depending on whether it’s a buy or sell. LimeFx advertises fast, reliable execution making it a good fit for the high-volume trader, who can earn rebates through the “Active Trader” program, thereby lowering trading costs.

Where LimeFx Could Do Better 👨‍🔧

With a forex scam, on the other hand, you are guaranteed to lose your money because the scam artists and fraudsters are only there to take you for every cent in your pocket. David S. Chang, ChFC®, CLU® is an award-winning entrepreneur, keynote speaker, author, and consultant. He has over two decades of experience in the wealth management space and has been featured in dozens of news, radio, and podcast programs nationwide.

Starting to trade with LimeFx, you will first need to open an account and deposit funds. Once your account has been approved, you can then make a deposit using one of the many methods available. Based on our findings LimeFx offers user-friendly platforms with all the tools and resources you need to trade successfully. On the plus side, forex trading is commission-free and fund withdrawals are free of charge. At the same time, high stock CFD fees and the inactivity fee make trading at LimeFx less appealing.

There is a small menu to choose from at the start of the call. Wait times will vary based on call volume, but during a normal day you can expect to wait several minutes before being connected with a representative. Email support is available for more in-depth questions but expect to wait one to three business days for a response. We are sorry to learn that your experience with our support team was substandard. We always strive to provide the most courteous and knowledgeable answers, and we apologize if we were unable to rise to that standard in this instance. We’re glad to hear you have enjoyed using our platforms and services.

With a massive range of tradable currencies, low account minimums and an impressive trading platform, LimeFx is an excellent choice for brokers searching for a home base for their currency trading. New traders and seasoned veterans alike will love LimeFx’s extensive education and research center that provides free, informative forex trading courses at multiple skill levels. While LimeFx is impressive, remember that it isn’t a standard broker.

Account

Please ensure you fully understand the risks involved by reading our full risk warning. You may be able to access spreads as low as 0.2 in a Commission account, while minimum spreads in Standard accounts are around the 1.0 mark, depending on the currency pair. Most stock traders will be familiar with a commission structure, and comparing dealing spreads is a common way to assess pricing among forex brokers. This was the first LimeFxpany I ever opened account at. After practicing trading for a few month, I open a live account and start losing money.

This means that U.S.-based traders are responsible for paying more money than they initially deposited into their accounts. In other words, if a FX trade goes against a trader, the loss can be greater than the amount in the account, and the trader owes that money to the broker. LimeFx supports the popular MT4 platform suite and also provides clients with its own comprehensive trading platforms designed for currency traders, with both a web-based and mobile platform available. Tradable assetsForex, spot metals, futures and options.PlatformComprehensive and advanced, with a wide range of trading tools and educational resources.Mobile appFully operational. Mirrors desktop and web-based platforms.Account minimum$100Available account typesStandard (LimeFx and MT4), Commission, and STP Pro direct market access accounts.

If You Decide to Participate In Forex Trading

Whether its gauging market sentiment, analysing your trading performance or using TradingView charts, every tool is designed to make you a better trader. There is a lot of potential to make great profits through forex trading, but only if you do it the right way, use the right broker, and avoid becoming the next victim of forex scams. Since you have no choice but to choose a broker before you can trade forex online, the best thing you can do for yourself is conduct a deep background check on your selected broker before handing over any money. LimeFx allow investors to trade a wide range of trading asset classes, including Forex, Spot Precious Metals, Global stock indices, China stock index, Commodity, and the US & Hong Kong CFDs.

One of the greatest things about LimeFx is its trading market range, as being a huge financial institution offers clients some of the best available proposals. Customer service is available and adequate, though substandard website maintenance speaks to a lack of attention to detail. Functional demo accounts are provided for free, giving potential clients time to assess the pricing structure before committing real capital. The one criticism of the broker’s demo accounts is that they expire in 30 days and LimeFx doesn’t give the prospective client the option of extending or applying for a new one under the same credentials. The implication seems to be that you’ve had enough time to test our platform, so either open a funded “live” account or go elsewhere. LimeFx does not offer “negative balance protection” for U.S. clients.

The forex market is volatile and carries substantial risks. It is not the place to put any money that you cannot afford to lose, such as retirement funds, as you can lose most or all it very quickly. The CFTC has witnessed a sharp rise in forex trading scams in recent years and wants to advise you on how to identify potential fraud. The STP Pro account is recommended for traders with a balance of $25,000 and a really high trade volume. This account doesn’t mark up spreads, but is commission based and is available to traders in the U.S. as well as other jurisdictions. If that’s the case, some would say LimeFx was built with your investor profile in mind.