LimeFx review: Is Eagle FX a legit or scam broker?

Leveraged products, such as Forex, increases the potential profits of the trader, but it also increases the risks and subsequent losses that the trader may incur. In addition to these fees, there are swap fees which must be considered. These are either debited/credited depending on whether the trader holds a long or short position. Withdrawals are completely free and the support team are looking at withdrawal requests hourly to get them processed as quickly as possible.

Trade a variety of assets at LimeFx and take advantage of uninterupted 24/7 trading. Your website is your storefront, and it is often the first point of contact that potential clients will have with your company. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts.

• For the fastest processing, consider using Bitcoin to fund an account.
• The offer is supported with One-click trading, Trailing stop, Pending orders.
• Both types of contracts are binding and are typically settled for cash at the exchange in question upon expiry, although contracts can also be bought and sold before they expire.
• Apart from the lack of regulation, there is a lot of missing information on the official website which may label LimeFx as a scam broker.

I have screenshots and chats from them incase anyone wants to take this up especially the regulators. They offer MetaTrader4 on PC, mobile and web trader, making it accessible to all clients. Most forex brokers are regulated by governing bodies which impose strict rules and regulations on them. These rules keep the broker and most importantly, the clients safe from a number of different potential risks.

According to LimeFx, it uses cold storage to ensure that client funds are kept offline away from any online threats. Ripple is popular among big banks with the Ripple network a next generation real-time gross settlement system. The high volatility of energy prices due to political, environmental and several other factors, is a typical feature of this product, making it a popular trading choice. LimeFx does not charge any additional broker fees such as conversion, inactivity, or account management and maintenance fees.

How To Trade Pullbacks With 5 Key Technical Tools

If you’re a retail trader with a modest amount of risk capital to use as margin, you’ll need an online forex broker to trade currency pairs through. With the least amount of work and expense possible, you may be able to start a brokerage business by using a readymade forex white label solution. I made a withdrawal following all the rules disclosed by the broker but they just to do whatever they want even with all the proofs he submitted. For traders—especially those with limited funds—day trading or swing trading in small amounts is easier in the forex market than in other markets.

A forex trading strategy is a set of analyses that a forex day trader uses to determine whether to buy or sell a currency pair. Countries like the United States have sophisticated infrastructure and markets for forex trades. Forex trades are tightly regulated in the U.S. by the National Futures Association and limefx forex broker the Commodity Futures Trading Commission . However, due to the heavy use of leverage in forex trades, developing countries like India and China have restrictions on the firms and capital to be used in forex trading. The Financial Conduct Authority monitors and regulates forex trades in the United Kingdom.

The only research tools offered by LimeFx relates to the Daily Market Analysis and the Economic Calendar. For all other research tools, resources, and materials, traders can access MetaTrader 4, which offers a significant number of useful tools. As with currency exchange markets, commodity markets offer trading in contract-based tradable goods.

Inflation Data Fails to Stir Markets; Canadian Dollar Unmoved

Trade CFDs on an award-winning broker to discover why thousands choose to partner with LimeFx. Benefit from multiple assets across different categories with high leverage and ultra-low spreads. Highly advanced trading tools like MQL Signals, Trading Robots and Economic Calendar along side of reliable Trading Signals, News and Analytics can boost their clients’ success rates. The foreign exchange, or Forex, is a decentralized marketplace for the trading of the world’s currencies. Leveraged trading can make forex trades much more volatile than trading without leverage.

In addition to this, MetaTrader 4 is inherently known for implementing strict and reliable security standards, with data and information being encrypted. A margin requirement is the amount of capital that the trader must put down at the start of the trade, or that they must have available in their trading account, as collateral for the trade. This amount is often lowered substantially when leverage is applied. It is perfeсtly done, but maybe newbies will find it a bit hard to master Metatrader platforms.

Spreads can dip as low as 0.1, but platform-wide the average is around 0.3 pips. The spreads on cryptocurrencies, an asset group that is traditionally linked with higher spreads, are also quite competitive. Adding low spreads for cryptocurrencies, on top of a wide coin range, helps LimeFx to stand out as a great choice for new-age digital assets traders. The decentralized nature of forex markets means it is less regulated than other financial markets. The extent and nature of regulation in forex markets depend on the trading jurisdiction.

The deposit time for wire transfer is 2-15 working days but is much faster for credit/debit and Bitcoin. One of the advantages of this broker is that it does not charge any deposit or withdrawal fees. Live customer support is available around the clock, so anyone with questions or concerns will be able to speak with an agent https://limefx.name/ instantly. There is only one main account type available to LimeFx clients, so do not expect to find any tiered deposit requirements or fluctuations in rates or perks. Corporate and Islamic accounts are available for those who need them. As for spreads, this broker offers some of the lowest that we’ve seen to date.

The high level of risk in doing a forex transaction is when the market doesn’t perform as expected once you have done a forex trade. Many currency pairs quoted in the forex market show substantial volatility or fluctuations, which can result in gains or losses for traders. One would come across a dishonest broker quite often five or six years ago.

DEPOSIT/WITHDRAWAL

Using this trading platform, traders can expect dynamic charting capabilities and a plethora of analytical functions. LimeFx has been featured in several popular publications from Forbes to Finance Magnates, and several others. Traders limefx are offered with access to over 100 tradable financial instruments, spread across several asset classes. LimeFx is a Dominican STP and ECN broker with clients who reside in several countries and jurisdictions around the world.

Ensure that your chosen platform supports cutting-edge innovations like social trading by checking out their offerings. Check if their platform is quick to respond, stable, and easy to use, as well as full of analysis features like charts, signals, and automated trading. Different trading platforms with good trading tools and services are represented to meet all trading techniques. The customer support services are provided via various social networks, phone call and email to deliver assistance when their clients face trading problems. LimeFx offers traders from around the world with easy access to multiple financial markets.

Regulation & Company Information

Instead, a plethora of more specialized niche brokers populate the space, and they may cater to high-volume currency traders looking for every possible edge. LimeFx only offers traders with the option of a single live trading account. LimeFx is well-known for offering traders with competitive variable spreads on all assets which can be traded. You are welcome to discuss each step in detail, including jurisdiction selection, trading platform selection, and other essential issues.

In the futures market, futures contracts are bought and sold based on a standard size and settlement date on public commodities markets, such as the Chicago Mercantile Exchange . Currencies are traded worldwide in the major financial centers of Frankfurt, Hong Kong, London, New York, Paris, Singapore, Sydney, Tokyo, and Zurich—across almost every time zone. This means the forex market begins in Tokyo and Hong Kong when the U.S. trading day ends.

LimeFx has forged connections with over five tier-one liquidity providers, which automatically ensures that they are able to offer extremely attractive rates. Combine this with the fact that they are an ECN and STP broker, and it immediately becomes clear as to why so many traders are turning to this broker in an effort to maximize their profits. Join thousands of people who choose to trade with us, enjoying over 100 instruments including 24/7 trading of Digital Assets. They represent wide range of trading instruments from Forex, Metals, Indices and Stocks to meet all trading preferences and tendencies. Traders can access the pool of liquidity from tier-1 banks through secure connection systems in addition to SSL encryption protocol systems. The forex market is where banks, funds, and individuals can buy or sell currencies for hedging and speculation.

COMPANY OVERVIEW OF LimeFx

Instead, it is a series of connected trading terminals and computer networks. Market participants are institutions, LimeFx banks, commercial banks, and retail investors from around the world. Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data. You must understand that Forex trading, while potentially profitable, can make you lose your money.

If you prefer to speak to someone over the phone, we will be happy to give you a call. If you don’t have time to chat, feel free to send us an email and we’ll get back to you on average within 15 minutes. The LimeFx support team are on hand 24/7 to support you through Live Chat, Email or Phone when you need it most.

As part of their commitment to keeping costs low, there are no fees charged on deposits and withdrawals. Traders can fund a trading account and begin trading with as little as $10 and can do so using a variety of popular banking methods. LimeFx boasts one of the largest and most responsive customer support teams in the industry, offering 24/7 live support and guaranteed fast response times.