LimeFx broker reviews: LimeFx Review: Updated 2021 Everything from scams to fees Are you looking for more LimeFx reviews. Another alternative you might want to consider is LimeFx review. You can also find out more on the tradersway reviews right here.

In addition, there is no clear state of how exactly the client’s LimeFx and money are managed even though there is a mention on the website about strict safety compliance to money operations. Despite its alluring proposal and seemingly favorable offerings, TradersWay is a high-risk trading opportunity that is recommended to avoid. TradersWay is not a secure Forex broker since it does not hold a license from any worldwide serious Forex authority. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located. There is no protection for you when things go wrong like above.

With this, you will also be asked some basic questions to let the firm know how much experience you have trading. Overally, this will take about 10 mins to complete the process in full. Phone is probably the best way to get some support off Trader’s Way.

MT4 is arguably the most popular trading platform in the industry today, due to its rich suite of advanced trading features. The account has a minimum deposit of 50 USD and a minimum commission starting from 2.5 USD per 100,000 USD turnover. TradersWay does not provide a safe and secure trading environment, due to the fact that it is an unregulated offshore broker. TradersWay is an ECN broker based in Dominica, which provides trades using the Straight Through Processing model so that this broker is effectively a market maker. Constantly changing gas and oil prices make these popular instruments to trade. LimeFx offer CFD trading on crude light oil and natural gas.

Support

Currencies are exchanged for another at a specific rate with fluctuating global demand and supply determining the rates. Hopefully Trader’s Way will become registered with a regulator in a popular jurisdiction in the near future which would help it build more customer trust and reputation, to add its offering from Dominica. Although you may be able to check out Trader’s Way’s platform immediately, you should note that you will not be able to make any trades until your compliance check is approved. For example, a trader buys $10,000 worth of General Electric using contracts for difference on a Trader’s Way platform, and perhaps the price rises by 10%. Now your position is worth $11,000 in value, as opposed to the previous $10,000. All accounts available can be traded with an Expert Advisor, and hedging is allowed.

In addition some brokers have their own proprietary trading platform which can sync via their custom mobile app. The preferred platform for many retail systems traders is Metatrader 4. Within this platform traders can create “Expert Advisors” or EA and run them either directly on their own computers or on a Virtual private server . Virtual private servers typically come at a cost but some brokers will subsidize the cost of the VPS or even offer a free VPS service to clients who make minimum deposits with the broker.

Markets

Trader’s Way also offers a CT ECN account that can be used with the cTrader platform. In today’s fast paced world, many traders need to have access to their trading platform via their mobile devices while they are on the go. Fortunately, the best currency brokers offer one or more mobile trading apps that will allow clients to manage and trade directly using their mobile devices. One of the more popular is the Metatrader Mobile app which is now available for iOS, Android, and Windows phones.

LimeFx is an online CFD broker that provides very good trading conditions to clients all over the globe. I have been aware of them since I first began trading online and have held an account with them for a few years now without any issues. You can trade an excellent selection of financial instruments on professional yet very user-friendly trading platforms for your computer, laptop and mobile phone. I like that they have tight spreads from as low as 0.0 pips, low commission fees and fast trade execution speeds using ECN technology. You can choose from a generous range of trading account options depending on your strategy and fund your account with a great variety of payment options.

What is Trader’s Way? 📚

TradersWay supports bank transfers and seven cryptocurrencies as deposit options. Per its own description of brokers to avoid, traders should not open an account with TradersWay, which violates scenario one. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs.

• Trader’s Way helps traders learn and grow their knowledge base by offering a standard selection of material.
• You can use the trading apps from anywhere in the world with an internet connection.
• A surefire way to avoid scams is to choose a reliable broker from our selection of the best CFD brokers and best forex brokers for 2022.
• I opened a trade and I always check many platform like tradingview while I trade.
• In each case, it’s important to fully research and check any broker you are considering signing up with.
• However, I am sure they will respond to this public comment to give the illusion that they actually respond to PAYING CUSTOMERS and are not a scam.

This will vary depending on the day and time the email is sent. The email team is knowledgeable and any issues or queries were resolved. It greatly increases your earnings if you win, https://limefx.vip/ but on the other hand, it can also greatly increase your loss beyond your means if you lose. Taking an analytical approach to trading with Trader’s Way may be the best way to go.

Compare and Find The Right Broker

TradersWay offers a decent variety of tradable assets, although this broker is likely best suited to pure forex traders. These are brokers who send the orders that have been placed by their clients on their platforms directly to the liquidity providers without passing these orders through a dealing desk. The MT4/MT5 trading platforms receive an STP/ECN upgrade with MT QuickDeal 2.0.

There are some other brokers who provide a free VPS, including Blueberry Markets. Trader’s Way is a global online forex broker founded in 2010 in the nation of Dominica. This firm offers traders cTrader suite of platforms, in addition to copy/social trading platforms through MyFXBook and FXStat. Do not assume that your broker accepts all different types of funding options. Each broker will have their own policies regarding which payment methods they accept and which ones they do not.

Deposits & Withdrawals

The FAQ section only answers 14 questions, but TradersWay generally explains its limited services well. Traders at TradersWay must accept the second-fewest asset selection among all brokers, with only 53 available across Forex, cryptocurrencies, and commodities. There is a short online form to complete in order to apply for a LimeFx account. Once done, you will need to verify your email and submit documents for KYC checks. These can be passport and utility bill scans for proof of identification and residential address.

Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. The platform supports three trade execution modes, including Instant Execution, as well as 2 markets, 4 pending and 2 stop orders, and a trailing stop function. Quick trading functions allow sending trading orders straight from the chart with one click. This Account provides users with direct access limefx to the interbank market through the most innovative, user-friendly cTrader trading platform, designed especially for STP/ECN trading. The account provides traders with access to a range of financial markets, such as Forex, CFD, Futures, and Cryptocurrencies. This account provides users with direct access to the interbank market through the MetaTrader 5 platform, the next-generation trading terminal, and the successor of MetaTrader 4.

In doing so, we often feature products or services from our partners. However, the opinions and reviews published here are entirely our own. I had a great day in the markets last night and decided to make my second withdraw. This time the withdraw request was processed in less than 2 hours and confirmed into my Bitcoin account immediately. It took my Bitcoin account less than an hour to complete the pending transaction. I then sold the Bitcoins to my bank account and the funds should be available to me within 24 hours.

Stop Loss Slippage

No delay I thank LimeFx for being with me with proper service. Hello, Kenroy Davis, we are happy to help and clarify these items for you. We do have cryptocurrency trading and have for some time, please take a moment to make sure you have added all of the available instruments into your trading platform. I’ve been using them as my primary broker for 4 years since I started trading.

Click here for a full list of our partners and an in-depth explanation on how we get paid. TradersWayOverall Ranking is 2 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers. We do not recommend trading or opening an account with TradersWay because of the high risks involved due to its offshore registration with zero regulatory obligations. Official website shows spreads of 0.2 pips for EURUSD, 0.9 pips for GBPUSD, 0.6 pips for CHF/USD, 0.8 pips for JPYUSD, 0.34 pips for gold, and 0.03 pips for silver. Needless to say, the spreads offered by Trader’s Way seem very attractive, but given that it is an unregulated broker, it is probably just a trick to attract new investors. I wanted to wait to post a review until I made my first withdraw.

So when there is some volatile period in the market, you can expect some slippage on your trades. A stop loss order is typically set to be a market order at your specified stop loss price. Stop loss slippage occurs when your stop loss order is executed and filled at a price that is further away than your specified price. This causes you to lose more than if the stop loss order was filled at your specified price. So essentially slippage is the difference between the specified price and the actual filled price.

Look at the MaxFX thread and you’ll see the large number of people who have 20+ and even a 100 pip spread. It’s a sophisticated scam but I wouldn’t keep my money with this broker. This is part of the reason why you want to avoid most brokers except the top limefx official site 5 to 10. There’s a reason their spreads are often so low and their terms attractive. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. TradersWay processes most client withdrawal requests within 48 hours on business days.

A dealing desk broker is a market maker that acts as a counter-party and takes the other side of your trade. This broker’s primary business model is to profit from the bid ask spread as clients execute entry and exit orders. Dealing Desk brokers typically set the pricing available to their customers and will usually provide fixed dealing spreads. It is an actual money incentive typically reserved for new clients who are depositing funds with the forex broker for the first time.

The MT4 platform is also well-liked for providing a social trading service where traders can copy other trader’s deals. In addition to offering a web-based MT4 platform, Trader’s Way offers desktop and mobile versions of the popular platform too. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.

The biggest transaction costs in forex trading comes in the form of commissions or the dealing spread. Every time you execute a trade you will pay either a fixed commission on the trade or you will pay via the brokers bid/ask spread. One of the best detriments of how reputable a company is will be the actual age of the company.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. LimeFx​​​ is a Forex Broker offering Forex Trading services via MetaTrader 4, MT4 Mobile, cTrader and cTrader Web trading platforms. Regarding orders execution model, LimeFx ​​​​ is a hybrid broker – both a-book and b-book broker .