Forex Brokers Reviews And Ratings

The majority of reviews report using LimeFX through the Bitcoin Up robot. Bitcoin Up has great reviews all over the web and is widely reviewed by leading crypto sites. It’s also rumoured to have appeared on mainstream TV including the Good Morning Show and the Shark Tank. We haven’t managed to verify the authenticity of these claims. This is because it is the role of the broker to place the orders relayed by the robot. Moreover, the broker is regulated and hence legally allowed to accept deposits from the public.

  • Overall, we had a great experience when using the mobile app.
  • The broker is owned by a company from Cyprus and has an international entity in South Africa.
  • You must understand that Forex trading, while potentially profitable, can make you lose your money.

We really liked that when you choose the topic of your query, you get multiple recommended articles from the FAQ section, potentially sparing you the need to interact with customer support. When we did our test, we found several articles that answered our questions. Trading 212 has no news feed, but we liked its economic calendar. It’s helpful that you can see the most important events in one place, and it’s also great that you can filter events by impact or by affected currency pairs.

Whether these fees are debited or credited will depend on whether the trader holds a long or short position. Commissions are typically charged as a flat fee for the services rendered by the broker. Commissions will depend on the financial instrument being traded and the volume of the trade. This will depend on the deposit method that is being used. There are methods with instant processing, while others may take a few business days to reflect in the trading account.

LimeFX Forex Trade Platform and Broker Review

Beyond their spreads, the broker also takes in revenue through several different fees on their users. After two months of inactivity, the broker charges the account a fee of $80 each month. Even more outrageous, every account faces a charge of $10 every single month for the broker’s maintenance fee.

Forex rebates offer the trader a chance to receive a rebate, typically in the form of cash back for trades placed within their account on a per lot basis. This type of rebate is usually more worthwhile for more experienced traders. Withdrawing funds can typically be done using similar methods as depositing funds. Keep in mind that there may be withdrawals fees or other misc fees that apply.

On the negative side, the product portfolio is limited, and some popular asset classes such as options or bonds are missing. Forex fees are quite high and the lack of USD as an account currency can make US stock trading costly due to conversion fees. BrokerChooser gave Trading 212 a 4.6/5 rating based on analyzing 500+ criteria and testing via opening a live account. The mobile app offers fundamental and technical analysis tools, real-time estimated loss as well a profit limits calculator. In addition, forex traders are also given high mobility between assets, transactions, and their trading accounts. Competition among top Forex Brokers has been increasing steadily over the years.

KVB Kunlun Forex Trade Platform and Broker Review

They explain in an easy-to-understand way and in great detail how to use the trading platforms. Charting is one of the strengths of Trading 212’s trading platforms. Almost all of the essential technical analysis studies are available, with roughly 50 technical indicators at your disposal to help your trading decisions.

LimeFX forex brokers reviews

On a positive note, we liked how transparently Trading 212 displays its fees. For example, it publishes daily swap rates, which can be easily accessed through the website or the trading platform. Trading 212 offers commission-free stock and ETF trading, and there are also no fees for deposit, withdrawal or inactivity. Fees, minimum deposit requirements, withdrawal, account opening, research tools and more. We use over 50,000+ data points and a consistent, fact-based methodology. Traders that have been around the markets for some time will surely be familiar with what broker re-quotes are.

Whilst Forex Brokers tend to make money whichever way the market shifts, it is in their interest that their clients return a profit through the use of their service. Profitable customers are after all more likely to continue to use the platform. While many brokers offer this platform to clients, it is important to note that it initially comes as an empty shell.

LimeFX Forex Trade Platform and Broker Review

Withdrawals must be made via the same method used to deposit. The minimum withdrawal amounts are 100 EUR/USD/GBP for bank wire and 10 EUR/USD/GBP for cards. There is no minimum withdrawal for e-wallets, though it must cover the transfer cost. As per the withdrawal policy, fees are charged at 3.5% for cards and Neteller, 30 in the chosen currency for wire transfer, and 2% for Skrill. Bank transfers generally take 3 – 5 working days once processed, whilst cards take 5 – 7 working days. It presents traders with an ideal environment to test EAs and new strategies.

LimeFX forex brokers reviews

With a margin account, you could face the loss of not only your account capital but any losses that occur that are beyond the capital in your account. During unusual events or highly illiquid conditions, a broker may not be able to execute your stop loss or get you out of the market even if your account is wiped out. When you open an account with a forex broker you will be required limefx scammers to provide some personal and financial information. This could include your bank account, passport, utility bills, and other sensitive data. It is imperative that the forex broker has a secure website and is using SSL-encryption technology to secure your data. In addition, they should have a solid data security infrastructure in place to prevent any potential DDOS attacks.

You can find research tools both on the web and mobile trading platforms. Research tools are available in the same languages as the trading platforms themselves. The required Trading 212 minimum deposit is only €/£1 for CFD accounts and €/£10 for Invest or ISA accounts. This is great for customers who want to start trading or investing smaller amounts only. Trading 212 is one of those CFD-focused brokers that also offers real stock and ETF trading, charging zero commission. You can trade real stocks and ETFs if you open a Trading 212 Invest account.

Does LimeFX have a mobile app for Forex trading?

LimeFX has an account manager onboard every new account. This sounds great, but many users report the experience as being unpleasant. They say that these managers aggressively push them to increase their deposits. Clients can contact the broker through phone, email, or live chat on their website.

In most normal market conditions, when you hit the Buy or Sell button on your trading platform, you should expect to get a speedy trade execution at your specified price. Every reliable forex broker will try to ensure this type of execution for their clients. Currency brokers offering solid execution should be able to fill your order within seconds not minutes, and should have minimal re-quotes. LimeFX offers forex traders with a demo account that can be used either as a practice account by beginners.

BDSwiss – Islamic Account

The Trading 212 mobile trading platform is user-friendly and well designed. Overall, we had a great experience when using the mobile app. You can use the same options to withdraw funds as to deposit. In addition, there is a 0.5% currency conversion fee for CFD trading, and a currency conversion fee of up to 0.15% for real stocks and ETFs. Currency conversion occurs when you trade an asset denominated in a currency other than your account base currency.

The Reddit sub was created in 2015 by users to discuss matters related to Trading news, trading ideas, service developments and so on. According to their own FAQ page, Trading 212 only makes money from theCFD side of the business, by applying wider spreads on some major stocks. To use email support, you must fill out a form on Trading 212’s website.

Even those brokers that have gone thru intensive regulatory requirements many still not always abide by the best practices espoused by their governing bodies. Unless you’re already a member and enjoying our service, then just sign in. In order to allow us to keep developing Myfxbook, please whitelist the site in your ad blocker settings.

LimeFX Forex Trade Platform and Broker Review

The content on this website is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent LimeFX decisions. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary, and does not constitute LimeFX advice. Will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. Our goal was to build Purple Trading for traders who are serious about trading. For those with big ambitions, passion for financial markets and determination to work on themselves. Do not be surprised to know that even regulated brokers are running schemes.

You should engage in any such activity only if you are fully aware of the relevant risks. BrokerChooser does not provide LimeFX or any other advice, for further information please read our General Terms and Conditions. Brokers who offer GSL will execute the trader’s specified stop loss at that specified price without any slippage – guaranteed regardless of market conditions. Choosing a GSL broker may be a good option for traders who intend on using high leverage or news traders that trade during potentially volatile market conditions.

The broker is popular for auto-trading having partnered with the Bitcoin Up trading robot since 2015. LimeFX initiates a margin call at a 100% equity margin level and closeout at a 50% equity margin level. I also recommend checking the costs from the payment processor to the bank account unless a debit/credit card is available. Services by Trading Central and MTE Media also account for the educational content at LimeFX, which I find acceptable as an introduction to trading. LimeFX deploys practices intended to drain account balances rather than maintain a competitive trading environment.