If the Participant wins the First Prize (a vehicle), he or she is deemed an absolute winner, and all contest accounts of such Participant are removed from the contest until its end. Only the contest account of the Participant with the best rank is eligible for the prize giveaways. If the Participants have equal results, their ranking is determined by the financial total amount of their profitable trades—the Participant with bigger total wins. All trading strategies and/or EAs are allowed for trading with the contest account. The contest accounts owned by one Participant are assigned ascending numbers in the ratings. Participant_Name (1), Participant_Name (2), etc., in the chronological order of their joining the Contest.
- Although, they only have CySEC and FSASVG regulatory licenses.
- Review their performance, and either pause or end the copy relationship at any time.
- The FSA of St. Vincent and Grenadines follows the guidelines and regimes of St Vincent and Grenadines.
- The MT4 account type is more ideal for habitual traders who prefer to trade with MetaTrader 4 trading platform.
Tradeable instruments on this account are currency pairs, and CFDs on energies, metals, cryptocurrencies, and 4 indices. Recommended deposit amount for MT4 Account is also USD100 and you also have negative balance protection. If you suffer a loss from an unsuccessful trade, any negative balance that accrue in your account will be reset to zero and you will not need to deposit any money to clear the negative balance. LimeFxFX is a privately owned financial services provider based in the Island nation of St Vincent and Grenadines.
What About Wak Doyok, Fizo Omar, And Aliff Syukri Promoting LimeFxFX?
The LimeFxFX demo trading account is useful for beginners to gain experience of trading forex and CFDs. Beginners in forex trading must use the demo account for a few weeks to learn the terminologies and strategies of trading. The features, services, and trading conditions are nearly similar for both account types. Both the account types can be chosen either with USD or EUR as the base currency. LimeFx Markets Incorporated is the international branch of the broker.
Nevertheless, The Securities Commission and Bank Negara are quick to add international brokers to their alert lists. The absence of a licence, however, only affects certain advertising aspects of the brokers’ work, as they can still legally accept clients from Malaysia. The pricing structure of both the account types is the same as the trading fee is built into spreads. The two account types are mainly separated on the basis of supported trading platforms. Founded in 2011, LimeFxFX holds a regulatory license in Europe via its Cyprus-based entity – LimeFx Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC).
- In India for example, local payment include the UPI faster payments scheme.
- Users can access unlimited virtual equity with flexible leverage.
- Traders living outside of EU will have their accounts placed under LimeFx Markets Incorporated.
- LimeFx Markets Incorporated does not have a license to offer forex trading and all trading is therefore unregulated.
- This raised concerns among investors, necessitating further clarification.
The winner must provide a full set of original documents (passport or other ID certifying the winner’s residence) before claiming the prize. The company will run a background check on the winner, his or her legitimacy, information validity, and possible violations. Should any such issues be found, the company reserves the right to cancel any of the prize raffle results. We contact the winners within seven business days after the prize drop is raffled. The results are announced no later than seven days after the prize drop arrival end date. If the Participant has several accounts, their achievements are not combined.
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Make sure to check all bonus terms and conditions before participating. When we used LimeFxFX’s deposit bonus scheme, we were only permitted to withdraw a reward after completing the minimum volume requirement. So, if you claim the 50% bonus on a $100 deposit, the minimum volume requirement will be 25 standard lots.
The ECN broker offers competitive trading conditions on its 80+ financial instruments, with tight spreads from 0.2 pips, fast execution speeds of 0.1 second and flexible leverage. LimeFxFX also offers two industry-leading platforms in MetaTrader 4 and MetaTrader 5, plus an in-house https://limefx.name/ copy trading solution. LimeFxFX adheres to strict protocols, including segregated accounts and negative balance protection, in full compliance with international standards. To further enhance safety, the broker enforces identical payment details for deposits and withdrawals.
It could also be worth viewing the published session timetable via the broker’s terminal interface. This is particularly useful to stay up to date with upcoming market closures such as public holidays. After using the educational resources offered by LimeFxFX, we are confident that there is plenty of information for both beginners and experienced investors.
Additionally, the broker also offers a proprietary mobile app. When we used the LimeFxFX app, it was easy to integrate an existing MetaTrader profile into the branded app. You can set SMS price alerts and app notifications of market movers. The application also permits full account management including live deposits and withdrawals and copy trading services. There is a very high degree of risk involved in trading securities.
Do We Recommend LimeFxFX
It has a one-step login and can be linked with online tools and plugins. To open a demo account at LimeFxFX, clients need to enter basic details on the registration window and login into the personal area. After logging in, clients will have the option to open a real and demo account. For example, the “minimum expertise” field lets you choose between newer systems, all the way up to those with legend status.
LimeFx accepts Bitcoin, Ethereum, Litecoin, Dogecoin and Tether payments. Traders can withdraw the LimeFxFX bonus after they meet a trade volume requirement of half the bonus amount in lots. Because LimeFxFX provides market execution, there is a high likelihood limefx company reviews that your orders might be opened or closed at a price different from your requested price. Unlike some brokers who strive to get the next best price for you in this situation, LimeFxFX deems this slippage natural and will not bear any responsibility for it.
Contest prizes and the procedure for determining the winners
These materials are designed to assist beginners to learn the basics of forex trading and begin their trading journey on the right path. No other promo codes or no-deposit bonus deals are currently available. Check out the bonus terms and conditions before participating.
LimeFxFX is a legitimate company registered in Saint Vincent and the Grenadines and regulated by the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA). The EU entity is registered in Limassol, Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC). If you’re unsure whether a broker is a scam or a legit company, read our guide and check out customer reviews online. Our experts were also offered the chance to win real funds by participating in the LimeFxFX Champion demo contest.