A CFD is an agreement between an investor and a CFD broker that says they must exchange the difference in the value of an asset between the time the contract opens and closes. The buyer never actually owns the asset, instead receiving money based on its price change. A well-known, properly regulated broker is crucial for avoiding forex scams. The regulatory framework will prevent any unsavory action from your forex broker, and if anything does happen, you can turn to legal recourse to settle the problem.

LimeFX Reviews and Comments

Speaking of statistics, you know that you should always read disclaimers, right? In this document LimeFX say that numbers you can see on their website are based on simulated or hypothetical performance results. During our research about LimeFX we ran into some red flags that make this robot not trustworthy in our eyes.

You should consider how well you understand how CFDs work and whether you can afford to take the high risk of losing your money. Vantage FX sets itself apart from other MetaTrader-only brokers by offering a wide range of add-ons and compatible tools from third-party providers such as Trading Central. Unlike other forex trading platforms that intimidate users with countless options, the IG US platform offers beginners and advanced traders an intuitive, easily navigable interface. Clients can browse available pairs, make bids, and enhance their trading knowledge with a few clicks of the mouse. CFDs are complex instruments and come with a high risk of losing money.

#3 Ig: Best For U S Traders

The robot supposedly is winning 93% of the trades it opens, so it will grow your account and make you money on autopilot. Forex traders can make money on currency pairs transactions in two ways. First, if you buy a currency and it goes up in value compared to the currency you sold for it, then you’ll earn a profit.

LimeFX Reviews and Comments

But they say that the best time to contact them is between 8 AM and 7 PM EST. Which suggests they are based in the United States. People who are selling you LimeFX are anonymous, they don’t give you any real contact information. Ultimately, the goal of regulation is to ensure that currency trading is fair for all parties involved. Either way, make sure you also read the fine print for “hidden” fees for withdrawals, inactivity, and overnight financing charges. For instance, in the United States, the Securities and Exchange Commission or the Commodity Futures Trading Commission regulates most brokers. – XTB allows you to trade CFDs on many of the leading cryptocurrencies including Bitcoin, Dash, Litecoin, Ethereum, Ripple, and Stellar.

LimeFX offers a fixed trading commission, no minimum deposit, no platform fees, and no data fees. Regulated by the SEC and FCA, Interactive Brokers boasts a huge share of the forex market, covering 134 markets worldwide. If you live in the United States or just like to trade in the U.S. market, you’ll appreciate that IB offers no commission on U.S.-listed stocks and ETFs. Since forex trading involves regularly moving funds to and from the broker, you want to make sure that you can do this quickly—and, ideally, cheaply.

Takes user-friendly trading to the next level with minimal spread fees, accessible customer service, and a mobile app for on-the-go trades. Additionally, the IG Academy provides beginners with all the information needed to implement trade strategies, while trading veterans can deepen their knowledge of advanced tactics. LimeFX Forex Broker Review: Can You Trust It or Not One of the most prevalent online trading scams is to initially display profitable trades that give the investor a false sense of confidence, and get them hooked to the idea of ‘easy money’. Once this confidence is established, the investor will be marketed the idea of investing more money to earn greater returns.

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This makes your review look biased, uneducated guess-work, and full of conjecture. Although I’m still not sold on LimeFX, this “review” has been most unhelpful. Your arguments against LimeFX are nothing more than you building a strawman. You don’t even understand the difference in a software company and a securities investment firm. By that we mean that people who are behind this robot are selling it while knowing that it is losing money in the long term. But not all people who buy it will go through the process of a refund, which is limited by conditions imposed by LimeFX.

  • LimeFX is an automated trading software designed for trading currency pairs on Forex.
  • One of the most prevalent online trading scams is to initially display profitable trades that give the investor a false sense of confidence, and get them hooked to the idea of ‘easy money’.
  • They said he is not registered there, nor the company Rypax Inc.
  • Post your live trading accounts and investor read only passwords below.
  • You won’t find many brokers offering that kind of dedication.

There are a lot of brokers out there operating under fake company names or that have other fraudulent operations. A little bit of preliminary research can go a long way in protecting you and your finances. Now go sell your miraculous robot that makes 10-20% per month, and therefore is beating world’s best investment companies, instead of using your robot yourself and becoming rich very fast. You have yet to respond to any of the falsities being made in this review about the anonymous nature of the services and the false statements made about the results. “Thank you for your follow-up inquiry to the Ontario Securities Commission concerning LimeFX and Rypax Inc.

Financial Instruments

The big problem with this approach is that when you have to take a loss, which will inevitably happen, it will wipe out many of your profits. And when you have to take more losses in a shorter period of time, which will also happen sooner or later, they can wipe out your entire trading account. And since four tier-one jurisdictions alongside two tier-two jurisdictions publicly trade and regulate LimeFX, this company is a low-risk option for new traders.

While I’ve personally not used Fury’s bot; and I don’t know anyone at LimeFX; but I can easily tell this review is biased. Traders are looking for balanced and well-thought-out reviews, I don’t believe this is one of them. As an addition, over 10% of our clients upgrade to a second license to run the software on a second live account, speaking to the viability of the product. So, even though it is a losing robot, not every buyer will ask for refund, which makes the profit of people who sell it.

LimeFX also uploads daily market analysis videos to YouTube and provides a plethora of content on its educational website, The Sharp Trader, and even an ebook that clients can download for free. XTB is one of the largest exchange-listed FX brokers in the world and is regulated bitfinex by several authorities, including the Financial Conduct Authority. XTB offers access to a variety of over 1,500 global markets including forex, indices, commodities, ETFs, and crypto. LimeFX is an automated trading software designed for trading currency pairs on Forex.

LimeFX Reviews and Comments

I am one of the FF user and let me tell you, if you are really a FF user. There is a few so called SOP that I learned and found by myself. If you know how to use this FF, you will know how powerful Stock market index this tool is than other EA. I have used other EA and their crazy strategy is really not suitable for me. No promises, or guarantees are being made about the software’s future performance.

Admiral Capital Trade

We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. I had a take profit of 5 pips and a stop loss of 45 pips on all my demos. On My best Demo GBP/USD I had 43 profits of $52 and two losses of $334 each That’s $2236 – $668 in 3 weeks of trading. Of, course, this is a small sample but I give it a thumbs up for now. James, I came here through a Google search looking for info on LimeFX. What I found on your page is a complete trashing of a product you have never used.

The inevitable conclusion is that results you see on LimeFX’s website are not to be expected on a real trading account. And indeed, after reading lots of different reviews from users and analyzing LimeFX’s Myfxbook results, we are pretty much sure that it is what they do. The official LimeFX website displays trading results of the robot that are monitored by Myfxbook.

Best Forex Brokers: Top 5 Fx Trading Platforms Of 2021

Therefore, IB best serves advanced, active, and well-funded traders like professionals and institutions. Some forex brokers might give you more confidence than others due to the regulator, where the broker is licensed, and the user data security measures it has in place. For example, one forex broker may be FCA-regulated while another is merely registered. Most credible brokers let you create a demo account so that you can try out their platforms risk-free before buying. If you take advantage of this opportunity, you’ll get a chance to determine whether or not the online broker is a good fit for you.

The good news is that many trading platforms are configurable so that you can tailor them to your needs. That said, Interactive Brokers—like Saxo Bank—requires a $10,000 minimum deposit that applies to commissions for the first eight months, followed by a $2,000 minimum. And with maintenance and inactivity fees as well, that’s a pretty steep cost for a small-time trader.

Please do yourself a favor and take down this review until you actually use the product. Then you will actually appear to know what you’re talking about. Sure, you have never use LimeFX, so you don’t know anything about it, yet you are here commenting a review of it.

Traders Opinion

The different types of LimeFX accounts will determine the exact fees you pay. The spreads are higher but commission-free in standard accounts, whereas ECN accounts charge a commission on lower spreads. LimeFX only charges the commission for opening a position, though, and the amount can decrease if you trade more and/or hold a higher account balance. LimeFX came into existence as a global CFD and FX broker in 2011. Based in Cyprus, LimeFX is regulated by the Cyprus Securities and Exchange Commission and other financial authorities worldwide, including the FCA. Regulation by such top-tier entities makes LimeFX a low-risk forex broker.

In reverse, if you sell a currency that subsequently declines in value versus the currency you bought, you’ll come out of the trade with more money. LimeFX doesn’t have an original trading platform, but its MetaTrader platforms are highly customizable and offer a host of features, including a clear fee report, order confirmation, and price alerts. And depending on where you live, you can attend LimeFX’s in-person forex seminars for even more guidance. After conducting some research on various social media platforms , as well as online trading forums, a general theme emerged where users were dissatisfied with their experience with Han-LimeFX.

What Is Forex Trading?

This is a tool, not an investment service, and no investment advice is provided. The equity curves in those charts are way too smooth and short, they are completely unnatural for Forex trading. Because in real responsible trading you just can’t have lines that are that smooth. You have to use some dangerous tactics to achieve such lines, like Martingale or extremely unfavorable risk to reward ratio . Vantage FX holds an Australian Financial Services License with the Australian Securities and Investment Commission .

2022-01-15T16:56:05+00:00

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