Besides the main regulation, there are many local organizations regulating https://traderoom.info/, making it trustworthy. If LimeFX performs some illegal actions, CFTC will revoke its license. Worthy of note here, scammers do not implement functions to make traders wealthy, let alone minimize traders’ trading risks. LimeFX traders are privy to over 180 different financial instruments including Forex, precious metals, oil, Binary Options, stocks, to mention a few. XCritical is also available as mobile apps to download on your android or iOS phone. However, the mobile services of this platform are even poorer.

How to create an account on LimeFX

In addition, the service does not promise you mountains of gold. Instead, it just tells you how and what you should do to make profits. There are many LimeFX positive and neutral reviews. A great number of these are about terms of withdrawal (but all people, even those who were not satisfied, do not say LimeFX is a scammer). Negative reviews directed at LimeFX are usually about trading conditions or other official information (for example, withdrawal period or minimum deposit).

1. Most of them asked us not to show their profiles, so we shall just quote them.
2. Declaring LimeFX’s CFTC regulation means a strong validity of its services.
3. There are many positive reviews on LimeFX.
4. Now let’s discuss what kind of trading accounts the trader can sign up on LimeFX.

Trading Accounts

The myth was born out of a trader’s low level of understanding of the industry. Trading and gambling tend to look similar, but they are completely different processes. When a person gambles, guessing, sheer luck plays into the process. The result simply does not depend on the gambler. Trading, on the other hand, requires a specific set of qualifications.

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If a person proves unsuccessful in trading, the broker does not get a commission, a loss on its own. Hence, LimeFX created an educational center as more brilliant traders bring in more money for brokers. These pertain to companies who purchase financial assets to sell them to traders at a price established by them. An apparent business model, dealerships create conflicts of interest because the trader’s profit is the broker’s loss. Dealers want to earn more and  can change prices in any way they want.

Order processing begins when traders open a position and finishes when said position is closed. All user funds are saved on a separate account in leading world banks. Such guarantees traders protection from potential losses incurred should traders encounter brokers who are out to steal their money. STP technology renders disinterest and magnifies brokers’ care for clients.

These prices are often very different from prices seen on exchanges. Information is regularly updated, making the educational center always relevant and helpful. Both beginners and professionals can find something interesting for them there. LimeFX has significant experience in trading technologies, making it an authority of the field.

Yet, attitude towards clients is the main criteria for me. Trading conditions are not very good in comparison with other companies, but they are appropriate for most traders. The list of features that this company offers is also standard. I tried to work with https://traderoom.info/is-limefx-forex-broker-a-good-choice-for-trading/ and I am satisfied in general. I traded with other brokers that offered better conditions in my opinion.

I hope our LimeFX review helps you evaluate their services and see their ups and downs. The minimum amount of initial deposits and services vary depending on the account type, so let’s discuss these differences in detail. LimeFX offers a wide range of assets, including Foreign Currency Pairs, Cryptocurrencies, and Stocks. Recently, LimeFX added trading with commodities, binary options, and indices, so market-wise, the broker has quite decent offers. The fastest way to solve any technical issues is by contacting the customer support. During our LimeFX review, we have contacted several agents to estimate their professionalism.

If the company claims to have been operating since 2008, it is odd they haven’t added any other international language support on the website. LimeFX also claims to give all beginners a first deposit bonus of 30% of the amount credited. If you still have any doubts about the trustworthiness of this service, we recommend that you read the documentation on the broker’s website. It is available for all the users, even not registered ones.

It is not necessary to open an account immediately after registration. Of course, if there is such an opportunity, it is better to open a Silver account and above to use the services of a personal analyst. Trading is not the easiest task, and it may be difficult without the help of an experienced specialist in the initial trading period. The good thing is that the broker also offers a “demo real” account. This demo account is free and gives you a chance to try out the platform, trading atmosphere and then trade with them.

However, this fact increases the probability that this can negatively impact traders because of a huge conflict of interest. Brokers may establish honesty at times like these because most traders have a wrong approach in making orders. Dealers also gain profit even when a certain part of traders are successful.

Dishonest companies often make generous promises. To reiterate, no one can guarantee traders’ success. Unfortunately, a lot of novice traders tend to trust them. Neutral reviews consist of both the positive and negative sides of certain brokers.

LimeFX is no party to these results; analysts can only give advice. All orders are entered in a journal, allowing traders to analyze their past trading activities later. Reviewing past trading activities offers an excellent opportunity for traders to up their game and become trading professionals. Traders are guaranteed of being able to buy financial assets at desirable prices. Volatile assets are at an advantage here, as well as buyers interested in such instruments. To sum up, LimeFX broker does not stand out on the market as an honest and reliable broker.