ATC Review, Forex Broker&Trading Markets, Legit or a Scam-WikiFX Score:6 87
LimeFX offers customer support to traders via telephone, email and live chat. They have a request form on their website where you can communicate any issues that arise with the company as well. We found that reviews of LimeFX were mostly positive – with the firm particularly well-regarded for the attitude and manner of customer service representatives.
Yet, it is fact LimeFX does not provide comprehensive educational service, which is crucial for beginning traders, but is a broker designed for professional trading. LimeFX requires a minimum deposit of 5000 GBP/USD when opening an LimeFX trading account. Whilst we appreciate comments and feedback to improve our operations, we do not appreciate misleading and false information made to the public due to the lack of knowledge from the end user. This particular post is far from the truth, as anyone who has established a relationship with our firm can attest that we want our clients to succeed. As we are not a market maker, like most brokers in the industry, we earn our revenue from commissions. The more a client trades with our firm, the more revenue we generate.
LimeFX is a forex broker regulated by FCA, NFA, and CIMA since 2005. Our LimeFX review USA also found that the site works perfectly with mobile devices, with no noticeable impact on the layout or appearance of site pages. Of course, responsive performance is to be expected with what is quite a simple website, but ATC nonetheless delivers a pleasing interface that does everything it needs to.
For my big fund…I am using atc…
It’s been pointed out in suits against forex brokers during the past as a very unscrupulous practice. And where are most of the so-called “government regulatory agencies” on this issue? Correcting this matter of wrong Market Watch time is a simple adjustment to their MT4 server when the market is closed during the weekend. The cost of trading with LimeFX is significantly lower than most other platforms. As previously noted, the minimum deposit required to open an account is $2,000, which our LimeFX review found to be quite high.
The company does not act as a counterparty to any of their clients and operates in an agency model with ECN aggregation and competitive pricing through top tier banks. Multiple products, bringing access to trade FX, Metal and CFDs from one account offered with narrow spreads. LimeFX accepts various payment methods, including wire transfer, Visa and Mastercard credit cards, Skrill e-wallet, and UnionPay, accepting USD, EUR, and GBP currency deposits. The minimum deposit is USD 5000, or the equivalent amount of EUR and GBP. For withdrawal, clients need to visit the user’s account backstage, fill in the amount on the “Withdrawal” page, and provide a withdrawal application, and the application will be processed within one or two working days.
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. The first step to protecting yourself from fraudulent parties online is to do thorough due diligence on the companies and entities that you are planning to send the funds to. In all probability, there have been other users who have already used the same service, and have expressed their opinions and feedback online on various forums. To fund the account and start real trading you will be having a choice to choose from USD, EUR or GBP currencies, while to process with funding you can select few payment methods a bank wire, Visa/ Master Card and Skrill. Used for several years now, Account works as advertised with good spreads and low slippage.
LimeFX Forex Trading Costs
LimeFX offers a fairly comprehensive customer support service, available 24/5 across several channels. LimeFX open account holders have the option to get in touch by phone, email or via the webchat function, the latter is manned by staff rather than bots and becomes an email form outside of business hours. All of the contact options are easily found under the “Help Center”. Alternatively, for less urgent or more general queries, the site offers a detailed FAQ section, which deals with queries relating to accounts, the platform and trading in general. Thanks to its streamlined offering, the LimeFX USA website is well laid out and easy to navigate.
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. Additionally, other incentives may also be provided to encourage the investor to get their friends and family onboard the platform too. A complete waste of time setting an account up with them, I was trading 2,000,000 USD in volume every week with them, I can’t imagine how their treat normal retail traders.
In terms of spreads, the average EURUSD spread is from 0.3 pips, spreads on AUD/USD from 0.4 pips, EUR/JPY from 0.5 pips, average spread on XAUUSD around 0.7 pips, spread on XAGUSD from 0.16 pips. With regard to the average spread of indices, spread on DAX/EUR is around 1.5 pips, STXEUR 1.5 pips. LimeFX offers various popular financial products, mainly including Forex, Precious Metals (gold & silver), and a series of Commodity CFDs. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. This problem with LimeFX using the wrong Market Watch time began on November 7 when Daylight Savings Time ended.
Usability, Look & Feel
Whilst trading forex is becoming ever more popular with improved access to trading platforms and brokers via mobile technology, it should be pointed out that the market is complex and highly speculative. It is therefore important for LimeFX USA account holders to ensure they have a firm grasp of how forex trading works before committing funds. In conclusion, LimeFX is a great choice for experienced traders who are looking for a reliable and user-friendly platform. The company offers a wide range of features and tools, as well as competitive spreads and excellent customer support.
- I have a great trading experience with them and never had any performance issues regarding trading.
- Instead, what it does offer is a streamlined way for its customers to trade forex, along with the option to invest in gold and silver.
- ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up.
- LimeFX follows an STP model, offering forex and CFDs instruments.
However, the existing format has been augmented with MT4 Pro, a plugin developed in-house by LimeFX which expands upon the existing MetaQuotes Software. Whilst there are some mixed LimeFX opinions on the web, the platform benefits from some fairly robust regulation and offers a good selection of tools and features. The aim of this LimeFX review is to take an in-depth look at the platform and assess everything from its trustworthiness to the usability of its trading platform.
ATC Brokers put your trust in the best of banks, with tier-1 status. This means that any funds paid by traders are held to an account for safety and security. For other brokers and markets, take a look at both our Ellevest review & LimeFX review USA resource pages.
LimeFX is an online brokerage firm that offers a variety of trading platforms for its clients. The company was founded in 1997 and is headquartered in New York City. LimeFX provides clients with access to the global financial markets, and offers a wide range of tradable products, limefx reviews including forex, CFDs, and futures. The company provides its clients with 24/7 customer support, and offers a variety of tools and resources to help them trade successfully. LimeFX is regulated by the US Commodity Futures Trading Commission and the National Futures Association .
With a history dating back to 2005, LimeFX have been operating for 17 years. They’re supervised by the Financial Conduct Authority and checked regularly in order to maintain their license as an introducing broker. The team at MyChargeBack – a specialist group dedicated to helping consumers recover funds lost online – is available 24/7 and has helped consumers all over the world recoup millions of dollars. In addition, always consider overnight or swap charges as trading costs, since there is a fee in case you holding open positions overnight. Leverage is a quite known instrument, which obviously increases the initial capital you trading with and can be a very useful tool to magnify your potential gains, but in case you use it smartly. However, always note that high leverage can work in reverse too.
Regulation and deposit protection is another important area for our LimeFX review, as investors will want to know that the platform can be trusted to keep their funds secure. Of course, regulation isn’t the only measure of a platform’s trustworthiness. LimeFX has been on the forex scene since 2005, so our review delved into the platform’s reputation to help build https://limefx.name/ a better impression of the company. LimeFX claim that on average an individual and joint account takes 1-2 business days and a corporate account takes 3-5 business days, assuming the necessary documentation is in place. In terms of design, the LimeFX USA website has a minimalist color design that, whilst somewhat perfunctory, is non-offensive and easy on the eye.
※ The content of this website abides with local laws and regulations. Customer service is excellent as well, I used live chat to solved a few issues which is very convenient. ForexPeaceArmy.com has advertising and affiliate limefx relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations.
The CFTC and NFA offer consumer protection with their own rules and regulations for firms to conduct their business within the US derivatives industry. Being an international provider, LimeFX is actually subject to several regulatory bodies. These include the UK’s FCA and the Cayman Islands Monetary Authority. The FCA is a national body that aims to protect consumers with stringent regulations to set high standards and protocols for firms operating in the financial industry. Our LimeFX review found that the customer service team responded quickly and specifically. The average time for an email response was within 24 hours and queue times for telephone support were under 5 minutes.
Trading metals works in a similar way to trading forex, in that you invest in the derivative contract for the price of either gold or silver against the US dollar. Whilst the market is less liquid than that of forex, prices are often in flux due to the numerous uses of both gold and silver and their sensitivity to several other industries. One of the reasons that forex trading is so accessible is that there is no centralized exchange. Forex transactions are carried out peer-to-peer or over-the-counter via a brokerage platform. It’s also important to note that forex is traded 24/7 as different financial markets operate at different times around the world.
LimeFX Review USA 2022
The company also offers a demo account, which is an invaluable opportunity to get to try out the platform and get to know the forex market before investing any real-world funds. Head over to our Gain Capital review for insight into another stellar online broker. Find your perfect broker, check out our other online broker reviews for a detailed low-down. LimeFX is an online broker that offers a variety of features and tools for both experienced and beginner traders.