Broker Fx Pro Review 2020

Learn Trading financial markets has never been easier. Compare broker See what benefits one offers over the other. Find Your Broker We helped new traders to find their path. This broker was not featured in our 2021 Broker Review Audit. This is because, in the past 12 months, it has failed to pass our initial screening process and is not recommended by our team of experts. As such some of the information found here may be out of date.

LimeFX was also a part of the ASIC regulation until recent times. However, newer regulatory protocols enforced by the ASIC on retail FX trading has prompted the broker to wind up its Australian operations. Nevertheless, LimeFX does accept clients from Australia, New Zealand, and all parts of the world, except traders from US and Iran.

They demand a first deposit before revealing further information. And more often than not, once you have deposited your money, you will realize that there is no way to withdraw it at all. So, if you deal with this broker, you will be doing business with an entity that is anonymous and unlicensed. In case of a scam, there is no way you will be able to get your money back. And since Broker FX Pro has not given any further details about its licensing status, we can safely conclude that this broker is not regulated at all.

The web platform provides traders the access to the market wherever they are, by using browser explorers, there will not be a need to install an application. If you choose this type of account, you will be able to trade Forex, spot indices, shares, spot energies, and spot metals. Limited risk accounts are available and you can use them with no extra cost, tight spreads, and no commission.

Is LimeFX A Good Broker? LimeFX Reviews

You can get live help in less than 30 seconds using this feature, and the staff is exceptionally well-trained so they can offer real support. LimeFX does offer a wide range of tools, but in the area of education, they are somewhat lacking. The only education resources on their website are a few short videos and articles. On top of that, if a withdrawal is required without making trades, you also may have to pay up to a 2.6 percent fee to withdraw your funds. It’s a big plus that they give you the variety and option of choosing which platform best meets your needs. LimeFX provides Contracts for Difference on six separate asset classes.

We found LimeFX to be a well-regulated broker in numerous jurisdictions. They offer an excellent selection of technology, and they give you access to an incredible variety of assets. With this type of account, you receive a dedicated account manager, free VPS, and you never have withdrawal or deposit fees. Another benefit of this type of account is daily market analysis and member-only events through Trading Central. LimeFX offers excellent customer support, and you can reach them at any hour of the day or night.

The minimum deposit for LimeFX’s cTrader account is $100. You have the option to open a micro account where you can trade micro-lots. There are only variable spreads available; spreads start at 0.37 pips . For forex and metals, LimeFX charges commission on this account type; however, in the case of other financial instruments, the fee is integrated into the spread.

This methodology considers over 200 criteria points, covering the categories of safety, fees, platforms, products, payments and customer support. We update this methodology and our recommended reviews yearly, so that you’re only given up to date information. LimeFX has a comprehensive customer support service available to every user on a 24/5 basis through email, live chat or telephone calls.

The Top Features Of LimeFX

Traders get to choose between 4 different platforms, including the very popular MetaTrader 5. CFDs are complex instruments and come with a high risk of losing money rapidly due to the leverage on offer. Between 65 and 89% of retail traders lose money when trading CFDs. It is recommended that you do not invest money you cannot afford to lose in order to avoid any significant financial distress in case of loss. LimeFX is a trusted and reliable broker that always goes beyond their ways to ensure that their traders are treated fairly and with respect.

The company advertises that they don’t have an expensive dealing desk and this allows them to pass along cost savings to their clients. Forex allows you to trade just about any currency pair that you desire and it’s one of the more commonly traded markets. To use Forex, you need a reliable platform, and you need sufficient benefits to give you a trading edge.

• LimeFX is one of the reliable brokers that I can suggest to other traders who not found the right broker to use.
• What all this means is that this broker does not actually have a working platform, and that all its claims are a lie.
• What’s important to point out is that cTrader has a very modern, clean, and attractive interface.
• LimeFX also offers many platforms and tools to meet every trader’s needs.
• To open an account with Broker FX Pro, you need to make a minimum first deposit of $1,000.

Your money is not safe if you are trading with this unregulated, off-shore broker. Trading forex is risky and you may lose all your capital. The articles on this website are only the personal opinion of the author. The author does not encourage readers to follow and do not assume any responsibility for the content on the website.

LimeFX Trading Platforms

This is helpful because it gives you the opportunity to find the best fit for you and your situation. They are well-known in the field to be a reliable and trustworthy broker. And they are regulated by the SCB, DFSA, FSCA, CySEC, and FCA.

They are available 24 hours a day Monday through Friday. And they can communicate with you in 27 different languages. Furthermore, LimeFX offers an excellent FAQ section their ‘Get Help’ section. It thoroughly guides new and existing users on company day trading products, the platforms available, how to sign up, and more. To open an account with Broker FX Pro, you need to make a minimum first deposit of $1,000. This is a very high sum, especially when the market average ranges from just $100 to $250.

So that we don’t waste your time, we don’t update these reviews either. We know you don’t want to read a long review of an untrustworthy broker. Instead, you can use the tool below to find a high-scoring broker that accepts clients from your country.

There are only variable spreads available; spreads start at 1.51 pips . With this account type, LimeFX does not charge commission, but instead, they integrate their fee into the spread. Furthermore, the MT5 account supports automated trading and the use of EAs. One-price rule for all trading accounts does have some inherent drawbacks such as the unavailability of a micro account, which is incredibly popular among smaller retail traders. LimeFX mobile traders can download the respective mobile apps for cTrader, MT4, and MT5 platforms for both iOS as well as Android devices.

LimeFX also offers corporate accounts, where you can register on your company name using official company documentation such as a certificate of incorporation, articles of association, etc. In addition to this, you can open a swap-free or Islamic account. This kind of account does not charge overnight swap charges and is used by Muslim citizens limefx scam who abide by Sharia law. To convert your account to a swap-free one, you will need to apply through the back office of LimeFX. Great customer service (24/5 access to support team in over 20 languages). Since so many authorizing bodies regulate the broker, it’s undeniable that they are trustworthy and focus on the safety of their clients’ funds.

The cTrader account does charge commission on forex and metals. EToro is a multi-asset platform which offers CFD and non CFD products. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

LimeFX offers a free demo account on all its platforms, which allows you to practice trading and get well acquainted with the platforms. The demo account mimics a real trading account as close as possible to reality. The demo account expires after thirty days, but it’s possible to open multiple demo accounts.

When referring to trading cost, there is a mix of commission charges and spreads that have to be paid by traders. Being one of the online leading trading house votes for “Best forex broker” in both 2016 and 2017. LimeFX is the official primary sponsor of the premier leagues’ world currencies Watford Football Club. LimeFX made it evolve from a pure online Broker to a fully integrated platform with many features with offices in the United Kingdom and Cyprus over the past twelve years. Once you have learned the basics, you can move on to a live account.

Forex Broker Ratings

The full range of markets is available through this platform and it includes full market depth, spreads from 0 pips on major pairs, algorithmic trading through cAlgo, and no requites. Each of LimeFX’s platforms offers different benefits and tools. With so many options, you can take the time to explore and decide which one is the right fit for you.

Since the broker offers two different platforms for their traders, the company hasn’t developed any proprietary trading platform. Even the LimeFX mobile trading platforms are excellent tools for trading on the move, which helps LimeFX to channel their resources towards improving the overall trading experience. MT5 provides the same features as the MT4, but it has more refined features that offer brokers a unique trading experience. Traders are offered the option of opening an account at LimeFX by choosing a preferred LimeFX platform.