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limefx Review 2022 Is Legit or Scam

To trade stocks with limefx, you need an limefx Pro MT5 Account. This will give you spreads from 0 pips, the fastest execution, and your choice of mini, macro, or standard lots. Regarding the withdrawal periods, please note that every method has it’s own time frame for the request to be processed. limefx migrated me to limefx over 10 years ago and I have been trading with you to this day. I am still not a rich man having traded with several thousand of USD. And secondly, nothing like reward or awards or something for clients over 10 years or pioneers like us in Nigeria.

Can I have two trading accounts?

A trader can have multiple demat and trading accounts. There is only one condition in this situation, you cannot open multiple demat and trading account with the same stockbroker or same depository participant. You can only have one demat and trading account with one stockbroker.

They also provide a Nigerian Naira Account to deposit, trade, and withdraw funds in Naira. limefx is a broker is truly living up to its vision of outstanding brokerage services. With multiple regulation and innovative technology, it has attracted over a million clients to itself. The MT4 and MT5 remain excellent choices in terms of popularity, technology and reliability. The broker provides comprehensive analysis, education, and research.

Deposit methods

We recommend you to read this limefx reviewto know more about their scam. limefx accounts support multi-platform trading, which means you can trade with your mobile device, laptop, or tablet. Additionally, they have Nigerian offices, support, educational seminars, and webinars.

  • Also remember that using MT4 you can also take advantage of limefx Invest.
  • To sum up, all that has been said above, we can safely say that The limefx or Forex Time is a legit broker.
  • New and existing traders in South Africa can take advantage of limefx’s ongoing 30% deposit bonus promotion.
  • We will share them with our specialists and please do contact us if you need any assistance.

Abstract:limefx was launched in 2011 as a part of the limefx brand, which includes ForexTime Ltd, Exinity UK Limited, and Exinity Limited. Scalping, News Spike Trading and Expert Advisors are supported. Investors may choose to follow successful traders through managed account services. Wide spectrum of trading education materials is provided. limefx also offers Islamic trading accounts, although they are only available with MT4 and not with MT5. As there is no rollover fee to be fully compliant with Sharia law, limefx may apply an additional fee to the account.

Desktop trading platform

Even though they have a policy that they seems to follow to withdraw back to the same bank account. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises. In Mylimefx, you can also use some more technical research tools. There is a tool called limefx Pivot Points Strategy that helps you to analyze price direction and market sentiment. The available stock markets are NYSE, NASDAQ and the Hong Kong Stock Exchange. limefx hasclear portfolio and fee reports.You can easily see your profit-loss balance and the commissions you paid.

Nigerian traders can maintain forex accounts with Forextime in Naira, one of the few forex brokers that accept it. Therefore, you can deposit NGN and withdraw your profit in Naira through your Nigerian bank account. Nigerian Naira is available to fund & trade any of the 3 Account types. It is possible to open an account in NGN , USD, EUR, or GBP & these currencies will be the base currency for your account.

Reviews

The Micro Account requires a minimum deposit of MYR 44 to begin trading. limefx is considered medium-risk for traders in Malaysia since they are not locally regulated by the SCM. However, they are regulated by reputed regulators such as the FCA of the UK and the CySEC of Cyprus.

limefx scam or legit

ECN Zero Accounts and ECN Accounts have trade volumes between 0.01 and 100 lots. There is a maximum of 300 pending orders and no limit on orders. With Shares Accounts, the trade volume can be between 0.01 and 10 lots. Margin call is at 40 percent and stop out is at 20 percent.

Bonuses and Promotions

Beginners can open a $100,000 limefx demo account for free to practice trading and learn. Using the limefx demo account is as simple as registering on the website. limefx’s demo account provides you with access to MT4 and MT5 platforms, where you can test your strategies and place actual demo trades on real currencies. Micro Account – most accesible account provided by limefx with low minimal deposit & instantaneous execution, zero fee and spreads from 1.5 pips.

  • For lately obtainable contests examine the official limefx web site.
  • For accurate and updated information please check the official limefx website, as well as you may compare fees to limefx peer BDSwiss.
  • If you want to trade with real money, make sure that you understand the risks and that you have a proper strategy.
  • Kindly note that your profit will depend on the Strategy Manager you invest in.
  • Please send us an email to In the email specify your trading account and position numbers.

limefx is an ideal broker for high-frequency traders and scalpers. It has also established itself as a market leader for traders from emerging and frontier markets. I also like the upgraded MT4/MT5 trading platforms and overall transparency at limefx, which I confidently rank among the very best Forex brokers. For this review of limefx, we tracked their trading conditions, fees, deposit and withdrawal options, and available trading instruments.

They offer several benefits to their clients and cater for the whole spectrum of experience and knowledge from beginners to high-value investors. We can say that limefx is really thoughtful limefx courses scam of its traders. It is a broker that cares supports, and gives its best to be able to give its clients the ability to go to their full potential and get more from trading.

Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. limefx offers its clients free educational materials like webinars, seminars, ebooks, etc. The regulation is the most important step to look out for while deciding on a broker. In our case, the limefx or Forex Time gives us a green flag in this by having 4 licenses issued by regulators such as CySEC of Cyprus, FSCA of South Africa, FCA of UK, and FSC of Mauritius. In reverse, professionals might turn out to be managers and achieve additional revenue by being copied.

I find this reasonable and acceptable, and active traders will never face this cost. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, https://limefx.group/ users should consciously abide by the relevant laws and regulations of the country and region where they are located. When our team tested it, we got feedback within a few hours and the answer was relevant.

Social Buying and selling

This adds yet another green flag in this limefx or Forex Time review. ForexTime is an online forex and CFD broker with a vision to provide excellent services, innovative trading tools, and exceptional trader education. The brand was launched in 2011 and has achieved global status with a focus on content localization. The limefx brand headquarters is in Cyprus while other offices are in London, Nigeria, etc.

Is limefx regulated in South Africa?

👉 ForexTime is regulated by the Cyprus Securities and Exchange Commission, licensed by the Financial Services Board (FSB) of South Africa, and ForexTime UK Limited is registered with the Financial Conduct Authority of the UK.

limefx also advertises it to institutional traders and hedge funds. It requires a minimum deposit of $25,000 or currency equivalent to open. Account holders get commission-free raw spreads from 0 pips. limefx earns its revenue from volume in this account type, as spreads will average above 0.2 pips, which remains one of the most competitive offers industry wide. They accept local payment methods for deposit & withdrawals including bank transfer from Malaysian banks and debit and credit cards . But they don’t offer MYR base currency trading accounts, and only USD, EUR, and GBP base currency options are available for Malaysian traders.

  • ForexTime is a forex broker established back in 2011 by Andrey Dashin.
  • When it comes to Stop Loss, there are some conditions attached.
  • There is also a section where the Strategy Manager tells you about the Strategy and any other additional relevant information.
  • I find it well-structured and an excellent starting point for new traders.
  • When it comes to technology, they are very advanced with a dynamic range of platforms and accounts all designed to give you precisely what you want.

In this limefx review we will cover Forextime offering in detail so you would understand conditions better. Yes, limefx is a legit broker, as each of the entities and brands that it serves is authorized and regulated by various global jurisdictions. We want to help our readers in any way we can, but sometimes it’s better to talk directly with your investing site to get the answers you need. For example if you have a specific query about your account you’ll need to contact them in person due to security.

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