And they need to trade a massive set of 30 standard lots to get $1,000 in bonus funds out of the broker. LimeFX offers uncomplicated access to the markets which allows the client to focus on the complicated task of trying to successfully trade the markets. LimeFX is ideally suited to traders that want a manageable range of low-cost offerings, multiple choices of user interfaces and account types, and efficient customer support.
If you like spreading your credit card numbers all over Russia then go for it. I don’t see a problem with offshore brokers as soon as they are regulated, im tradin g in LimeFX already for half a year, got my withdrawal without any problems. 90% of brokers has St.Vincent as a main legal entity or as an alternative one for work with various regions. There is Fincom who cares about financial safety of the client.
Standard Trading Account
As for negative reviews, they seem to be responses from non-existent clients because their authors ignore the questions of the company’s representatives. It’s a good thing that LimeFX rapidly reacts to the claims, responds to negative comments and understands the client’s problems. The demo accounts have a balance of $ virtual money that sport real time prices and trading conditions. These demo accounts are free to open and can be used by traders for a period of 30 days. LimeFX provides demo accounts based on the Standard, MT5 and ECN accounts.
- Their clients can exploit complete educational materials as well as market analysis and news to improve their trading skills and ability.
- Through extensive research and a strict adherence to our robust methodology, we have determined the best forex brokers in all of these areas and more, which has resulted in our top rankings below.
- To summarize this LimeFX CG review, If you’re searching for a straightforward, efficient, and creative way to trade cryptocurrencies.
- We have client and technical online support that works 24/7.
- The platform is compatible with smartphones, desktop, web, and tablets.
Many people prefer to trade in more than one asset, so those looking for diversity may find this broker appealing. LimeFX offers traders the option to open a demo account on three of the six live accounts. This kind of accounts is usually offered by most brokers to give beginner traders a chance to practice trading on the financial markets. I received a great deal of pressure to send $25k worth of bitcoin to this broker for 100% sign up bonus so that traders can trade and earn me 10% daily. After many delays on my end and wires not going through to buy the bitcoin immediately I finally got the bitcoin to the broker….GrandCapital.net. They took longer than any other broker I’ve dealt with to credit my account but they did.
LimeFX Account Types
The trader did reached my 10% profit goal and stopped trading the account for the day so my account was up $5500 in profit. I called and screenshot the reader all night to make him aware that my sight was about to blow up and no response. I woke up and account was blown and trader still did not return call nor messages. The trader has purposely took these trades to look like he lost the money due to bad trades when it’s actually a scam that broker is participating in too. He had the nerve to contact me after the account was blown offering to trade the other account so that he can purposefully lose the money in that account too. I closed those trades and made a withdrawal request of $4730 in bitcoin.
We have investigated your situation and examined the screenshots of your correspondence with a certain Michael. We regret to inform you that you didn’t make your deposit with LimeFX. You deposited your funds directly to an individual with whom we aren’t affiliated. While at my Bank explaining the scam and closing my account, My biz partner contacted Mike. Now the refund status has changed since I called their 40% bluff.
- A bonus of 10% of the initial sum will be deposited into your trading account.
- LimeFX always arranges trading contests with big prizes such as updating smartphones, cars, and cash prizes.
- Please update your review and include your account ID so that we can look into your situation.
- I am so much into forex trading that I devote all my free time to it.
- Payment methods give an option of investing in the trading account with real money.
Instead, it is done in accordance with the best market quotes. The account also allows the traders to trade in markets with high liquidity. The traders are also allowed to trade with 38 cryptocurrency pairs. The trader limefx has also protected from risks in the market thanks to AMTS technology adopted by this account type. LimeFX Forex brokers is an innovative broker that is also experiencing significant growth over the years.
Saxo Capital Markets: Best for Advanced Traders
The firm’s fees are competitive within the industry and it ranks high on our list for customer service. With these positive attributes along with its apparent focus on functional simplicity, LCG is well-suited to beginning traders. Aside from rating highly overall, the company is ranked as the winner for Investopedia’s Best Forex Broker for Beginners in 2020. Although you certainly don’t have to be a beginner to benefit from its offerings, LCG is hard to beat if you are just starting out.
- 73% of retail investor accounts lose money when trading CFDs with GCI Trading.
- Moreover with the received awards and the titles ‘Best Broker’, ‘Best trading technology’ and more from the world publicity and organizations.
- Between 74-89% of retail investor accounts lose money when trading CFDs.
Investopedia’s ranking methodology factored in these attributes in declaring LimeFX as the Best Forex Broker for Trading Experience in 2020. The broker always provides no deposit bonus to welcome new traders and deposit bonuses to increase trading funds and money other bonuses for particular instruments. Well, its primary advantage is that order execution is not subject to any external factors.
We established a rating scale based on our criteria, collecting thousands of data points that we weighed into our star scoring system. The trading platform of this broker is worth discussing in this LimeFX CG review. It provides an MT5 trading platform, which allows customers to access worldwide forex markets from their PC, Mac, or even smartphone.
So, it is advised to go through the terms and conditions for no deposit offers before signing up for the bonus. Visit Website To summarize, forex brokers offer a welcome bonus for beginners who do not have a trading account. They offer a matched deposit bonus, which means there https://limefx.club/ is a free bonus provided after the initial deposit, or they offer no deposit bonus. Some forex brokers offer more of the bells and whistles that more seasoned traders require, including advanced order types and full-featured charting platforms with a wealth of analytical tools.
Plus 14 years of working experience on market, which is a nice result. We advise all investors and traders to avoid GrandCapital and other brokers from St. Vincent and the Grenadines. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and Eightcap. According to the GrandCapital website, the broker is registered with the Financial Commission under the number IBC.
However, these bonus offers do not necessarily benefit all traders. A bonus acts as a marketing tool or cost-effective promotion, and the brokers offer to persuade beginners to make deposits. Many top forex brokers suggest this option as it allows for forex trading without risking their funds. This option is accessible to the consumers once they open a forex account or demo account in the chosen platform.
LimeFX Trust and regulation
LimeFX has ensured that its traders are provided for the best trading platforms globally. While opening a trading account with the broker, you will be required to make a deposit of $10. The deal is good as some of the brokers require a minimum deposit of up to $100. A deposit bonus is an additional sum credited to the trader’s account once they make their first deposit. If traders make a higher initial deposit, they unlock a greater deposit bonus.
LimeFX offers 24/7 client support in multiple languages such as Armenian, English, Arabic, Indonesian, German, French, Russian, Spanish, Chinese, and more. The broker has different limefx website support department centers such as customer, partnership, analytics, and HR department. Some methods offer instant deposit & withdrawal, and some take 3 to 5 working days.
A Forex broker connects traders to the Forex market and enables trading. Traders get trading platforms, assets, quotes, and other trading tools from a Forex broker, which is also responsible for deposits and withdrawals, held in separate accounts with custodian banks. Forex brokers either fill orders internally or pass them on. They connect with liquidity providers in an automated process which includes human oversight.