LimeFX Review 2022

Also, traders can receive up to 3 free live trading sessions with LimeFX’s global analysts. This is LimeFX’s proprietary trading platform and is designed for professional traders as it integrates top-notch research and analysis tools for trading successfully. The dashboard interface is fully customizable and traders can easily switch between multiple order types. Traders also have access to 15 pre-defined trading strategies and can customize and create their own using the built in Strategy Wizard. The platform includes over 70 technical indicators and a wide array of advanced trading tools and chart types. LimeFX offers rich educational resources under its education section.

LimeFX scam

LimeFX offers new traders the option of first experimenting with their demo account, while experienced traders can simply open a new account via their desktop or mobile device. The registration process takes around 5 minutes and requires personal information and a bit of information on the new members trading experience. The personal information form requires the country or region of residence, title, first name, last name, date of birth, email address, and contact number of the new user. While every member can select a username, password and the base currency they wish to trade in. The second page required the home address, city, state and postal code as well as the country of citizenship, country of tax residency and the taxpayer identification number. Owned by GAIN Capital and founded in 1999, LimeFX offers a wide range of attractive features to forex traders throughout the world.

Disadvantages Of Forexolution Bot

Quiet trading- According to the developer, ForeXolution opens an average of 1-2 different trades each day. ForeXolution has a trade’s length limit- to inhibit trades from running into unclear price action, thus reducing losses. Optimal Indicators- this bot gives you ideal entry points and smart exits to trade, maximizing your profit. Safe- there is a dynamic stop loss and take profit on each trade, thus eliminating the risk of getting losses specifically when your monitor shuts down. Mexico-forex wasn’t found by any one of the services below to contain or conduct malicious activies.

Due to the powerful capabilities and tools offered by this platform, LimeFX’s flagship Advanced Trading platform is a fantastic option for both beginner and advanced traders. Typical SpreadsIt should also be noted that LimeFX has an Active Trader program which offers high volume traders reduced trading costs via cash rebates. The Active Trader program has five tiers which each offer increased savings. Traders who open an account with at least $25,000 or trade $25 million of volume in one calendar month will automatically qualify for this program. In addition to these savings, members of this program will receive additional benefits such as one-on-one support from a Market Strategist and reimbursement for bank fees for wire transfers. There is also the option to toggle and zoom between 15 time frames, trade directly from the charts, and access advanced customizable drawing tools to plan your next move.

As just a couple of seconds can make a huge difference in your potential profits, it’s important to be able to analyze markets and execute trades no matter where you are. Advanced Trading DesktopInside the charting module, users will find technical analysis tools suitable for beginners and experienced traders. This includes automated technical analysis by Autochartist and access to Recognia, which can help you plan short-term trades. Moreover, the platform includes over 100 integrated customizable trading strategies. Advanced Trading is LimeFX’s proprietary trading platform which includes powerful charting features, over 70 technical indicators, over 50 drawing tools, and more.

LimeFX scam

Withdrawals can be requested directly from the My Account section and will be sent via the same method as used to originally fund the account. The processing time for withdrawals is approximately Stock valuation 24 hours and the maximum withdrawal per transaction is $50K for debit or credit cards. Wire Transfer withdrawals are processed within 48 hours and carry no maximum limit on the withdrawal amount.

The forex trading company offers LimeFX trading online as well as over-the-counter trades. With its addition of several another LimeFX trading, the service enables traders to access well over 12,000 LimeFX Review: Is This a Scam or Good Forex Broker markets including FX, equities, commodities, indices and rates. LimeFX launched a variety of additional cryptocurrencies in addition to bitcoin trading in Europe and the United Kingdom at the end of 2017.

What Is Forexolution?

The broker makes money through spread markups as well as commissions. The company has a variable spread charging mechanism depending upon the type of account selected. For example, the broker charges a spread of 01 pip on EUR/USD pair in a standard account type, while the STP account type carries spread as low as 0.1 pips. High volume traders can also sign up for a DMA account with LimeFX. Clients do not have to pay any markup on DMA accounts, however, a fixed commission may apply.

LimeFX scam

The schemer will pay out early investors not from any return on investment – but from the money invested by later investors. It’s important to distinguish the forex market from forex scams and pyramid schemes. LimeFX on AndroidLimeFX’s mobile offerings provide traders with an easy-to-use and reliable platform for trading on the go. In addition to the desktop application, LimeFX also offers a web-based trading platform that is optimized for speed and compatibility. The web platform, which LimeFX indicates is available on all browsers and operating systems, is extremely easy to navigate and offers countless options for customization. In addition to these three types of accounts, LimeFX offers a full-featured demo account to help aspiring traders develop their strategies and build their confidence before entering the market.

Additionally, the manufacturer claims it is trader-friendly, easy to install, and operates as it runs on automatic mode. Similarly, ForeXolution’s trade operations are basic and compatible with any reputable Forex broker that supports the Meta Trader platform and permits programmed trading. However, customers should be aware that individual profit margins can vary, and there is no guarantee that ForeXolution will give you great returns. To learn more about the program and how it works, be sure to visit the official ForeXolution website for more information. Supporting around 90 forex pairs and more than 200 equities, LimeFX has a rich portfolio of tradable instruments.

Canadian customers are also protected under the Canadian Investor Protection Funds. Unfortunately, the company doesn’t offer any funds protection plans to customers residing in the United States of America . In this LimeFX review, I’ll discuss some of the promising features of the broker S&P 500 and highlight areas that the company needs to improve. You can spot a real LimeFXpany because they will be regulated in a respected financial center such as Switzerland or the United Kingdom . If somebody had such a fool proof way of trading forex, why would they ever share it?

Programming Services

If you’re wondering how to get to grips with the platform itself, various tutorials and a detailed user guide are there as well. LimeFX is one of the largest and best forex brokers in the U.S. As part of the StoneX Group, a Fortune 100 company which has been operating since 1921, LimeFX offers the financial strength and security that all forex traders crave. In addition to forex, the platform allows for the trade of gold, silver and futures. The developer says ForeXolution is an Expert Advisor compatible with numerous Forex trading platforms.

LimeFX has attracted the attention of everyone in the financial trading industry. The brokerage has come a long way since its inception in 2001 and has proven to be quite lucrative for many traders. We have discovered that many traders recommend the platform, and see it advertised all over the web. Now let’s find out if LimeFX is all that it’s cracked up to be in our in-depth review.

This outstanding broker offers proprietary platforms and MetaTrader 5, as well as account types for all trading styles. While LimeFX is geared up to offer the more experienced forex trader a great service, the novice traders are not ignored. A dedicated education section on the website hosts a number of excellent resources to newer investors, including an introduction to trading concepts, managing risk and strategies. Weekly webinars that offer commentary on the marketplace and provide insight on the forex market are available too.

To use this bot, you must have a trading account with a reputable forex trader. After making a purchase, you must provide your Meta Trader’s account number. After that, ForeXolution gives you a copy of the bot that you can permanently use to trade.

With commission accounts, users will trade the tightest spreads available, as low as 0.2 pips on EUR/USD, according to LimeFX, plus a $5 commission per 100K. Users who open a commission account have access to all the same tools and platforms with the exception of MetaTrader. Froex.com offers online traders a variety of different trading platforms including LimeFX desktop, web trading, mobile trading, charting, Trading View and Meta Trader 4.

  • The opportunity for traders to earn 1.5% APY interest on their daily available margin balance up to $50,000 and 0.5% APY on $50,000 to $100,000.
  • This Broker is the best I have used for Auto trading using Metatrader 4.
  • If you wish to add other accounts, ForeXolution offers a subsidized price for subsequent purchases.
  • All in all, the customer support provided by LimeFX is excellent.

LimeFX is the trading name used by Gain Global Markets Inc., which is a US-based online trading service provider with its headquarters based in Bedminster, New Jersey. GAIN Capital started out as one of the first online forex trading companies in 1999. It went public in 2010 and by the end of 2014 was acquired by LimeFX for $118 million to expand Forex in the United Kingdom. GAIN Capital offers services to traders in more than 140 different countries and partners with affiliates in Tokyo, Sydney, Hong Kong, New York City, London, New Jersey, Seoul and Singapore. Today, the company’s largest retail website is LimeFX offering white label trading solutions to a huge online forex trading community.

How Does This Scam Work?

After a successful configuration, you can start using the bot instantly. However, should you experience any challenges, the ForeXolution support team is available 24/7 to help you get the bot up and running. ForeXolution is not compatible with crypto, binary, and indexes options. Thus, if you are an aggressive trader who wishes to spread the investment risk, this robot cannot meet your needs.

Depositing Process

Precision and speed in trade execution can make the difference between a great brokerage and a poor one. For this reason, LimeFX has publicly disclosed its execution quality since 2011 to prove its ability to execute trades in an accurate and timely manner. I just closed my small account with LimeFX yesterday after discovering they have been charging me $15/month as a ‘data-fee’. I never received any warning that I would be charged a ‘data-fee’ and would have closed the account immediately if I had been warned. I will not do business with a company that decides to start taking my money without some sort of heads up.

Trading on a web platform is the next level of sophistication, with advanced charting features, 70+ technical indicators, 50+ drawing tools and more. LimeFX offers a low-cost and supportive way to start forex trading. The educational materials are excellent, you only need $50 to get started, and the mobile app is impressive too. There’s plenty for trading pros to appreciate too, including more than 80 currency pairs, and a great desktop service.

More In National Marketplace

The broker offers forex and CFD trading access to more than 140,000 retail and institutional clients across the globe. In 2010, the company decided to go public on the New York Stock Exchange. With 800+ employees, the company has its headquarters situated in New Jersey, United States.