LimeFX Review year : Is It a Good Forex Broker or Not?

LimeFX review

You must also ensure the LimeFX broker’s profile, trading tools, fees and regulation aligns with your needs and goals. Visiting many broker websites, all of which have different language uses. Technical language and terminology can be confusing with brokers like LimeFX. Choosing or shortlisting a trading platform like LimeFX can be time consuming. Choosing a trading platform requires a significant amount of research and analysis.

LimeFX review

To open a trading account with LimeFX, individuals can sign up on the LimeFX website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts. Additionally, traders can enjoy Raw Pricing without any intervention from brokers.

Mobile trading with LimeFX (App for any devices)

Overall, LimeFX can be summarised as a safe broker that provides competitive spreads on Contracts for Difference (CFDs). It offers 250+ trading instruments with a trust score of 94 out of 100. LimeFX is fully regulated by the Financial Services Commission in the Republic of Mauritius. These are, without a doubt, the biggest scam artists I have ever come across in the industry. It’s astounding how they operate, luring unsuspecting individuals with enticing offers and promises. Don’t settle for some shady tax haven or an offshore island with a wild west mentality.

One of the primary considerations when evaluating a broker, such as LimeFX, is to assess the broker’s regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Don’t be fooled by the misconception that online trading is easy with LimeFX. It can be challenging and requires significant research and understanding of the LimeFX trading tools and features.

As you can see from the table above, the trading costs on the commission-free Nano MT4 and Standard MT4/MT5 Accounts are 17 USD, making these rather expensive options. They are known for running regular promotions for their clients, such as the long-running loyalty cashback program. Every lot which a client trades results in them receiving a cash rebate. There are five possible rebate levels, with each rebate able to be withdrawn as cash. For withdrawals to electronic payments systems, the payment will usually be processed within 1 working day. To improve security, the first time you make a withdrawal you will need to verify your identity with the payments department.

The highlight of this platform is its quick order execution on transactions. You can use debit or credit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. You have to keep in mind that PayPal is not available in every country. The currencies LimeFX accepts for deposit are USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD. The overall average of email support provided by LimeFX was very good.

worst experience I ever have in my life…

Commission fees can vary depending on the type of financial asset being traded and the LimeFX trading account level held by the trader. Brokers that operate under the supervision of regulatory authorities like LimeFX are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors’ deposits. LimeFX are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of LimeFX and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly.

The broker space is highly competitive and nearly all brokers these days will make these free. If LimeFX wants to continue providing the best service then they need to reconsider this. One of the most important criteria for a Forex trader is no doubt the types of trading platforms that you will be using. Skrill (formerly Moneybookers) is a digital wallet company that was founded in 2001 that offers a variety of payment options online and money transfer services.

If considering trading financial assets with LimeFX, evaluating the LimeFX platform is important. Evaluation includes researching the LimeFX management team, track record, and services. Our team has endeavored to break down the complex world of trading with LimeFX into easily digestible information in this LimeFX review.

The brand is regulated in multiple jurisdictions and serves clients from several countries. I like how the broker has multiple payment methods which include localized payments for different countries and jurisdictions. These differ according to a number of factors including the type of platform, minimum trade size and processing type. They have standard accounts, pro accounts and their ECN no dealing desk accounts. LimeFX does not charge any trading fees or commission but they will charge a spread on the assets that you are trading. This is the spread between the bid and the offer in the order books.

Popular Alternatives To LimeFX

LimeFX client funds are kept in segregated accounts and all data is encrypted for user safety. BrokerNotes is powered by a dynamic team of writers, researchers, content strategists, data analysts, editors, traders, and investors. We are obsessed with creating the best finance content on the internet, and we are dedicated to helping our readers make great choices for their money. Determining the legitimacy of a forex broker (and avoiding forex scams) can be a real challenge. If your broker lacks regulation, and you are scammed in any way, you often have no recourse for recovering your funds. That being said, not all regulator licenses carry the same weight.

In summary, I found LimeFX to be an experiencedB, award-winning, and popular trading broker. However, I believe the brand could improve in certain areas in order to compete with competitors like Pepperstone within the online broker industry. The ‘LimeFX invest’ app is an Android and iOS app that was designed by LimeFX to help investors to manage their investment portfolios. For those of you who need managed accounts, LimeFX are worth considering as alternatives. LimeFX creates an opportunity for you to bring in your funds for money managers to trade on your behalf.

  • The assets available on the portal include around fifty currency pairs, stock market indices, as well as commodities, and metals.
  • They are a self regulating and external dispute resolution (EDR) body.
  • Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors.
  • Don’t settle for some shady tax haven or an offshore island with a wild west mentality.
  • However, it’s important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD.
  • As we see in the table above traders can start with a small amount of money to get access to the markets.

This LimeFX review page contains information about investing with LimeFX. It is intended for educational purposes only and should never be considered financial advice. We do not recommend or advise that investors buy or sell securities or stocks. The LimeFX Loyalty Program will reward clients for deposits, trading, and other routine operations. Having a high status in the LimeFX Cashback program affords traders more opportunities, privileges, and bonuses.

LimeFX delivers an average spread of N/A when trading the EUR/USD within a standard account. The all-in cost of trading the EUR/USD with an active account is N/A. We were able to obtain average spread data for over 30 brokers, and found the industry averages for these data points to be 1.04 (standard) and 0.87 (all-in). Founded in 1998, LimeFX is one of the oldest MetaTrader brokers (and offers both MT4 and MT5) and an early pioneer of social copy-trading. Best known in Eastern Europe, LimeFX offers a small but growing selection of CFD markets and platform tools.

Once you deposit you can not get your…

Moreover, ensure the LimeFX broker’s offerings, trading tools, fees, and regulation align with your requirements. Yes; in case you were wondering, 78% of the brokers reviewed on offer copy trading. To learn more about social copy trading (and to see our picks for the best forex brokers for copy trading), check out our guide to copy trading. Traders are constantly on the hunt for low-cost forex brokers – you can learn more about low-cost forex trading by checking out our guide to zero-spread forex brokers.

LimeFX has a pretty respectable selection of Forex assets that you can trade on the platform. This includes all of the major FX pairs and a number of minor pairs. This is because the agency does not require the broker to meet minimum requirements in terms of reporting, capital buffers other client protections.

For example, they offer top-up credit to some deposits on a regular basis. If you are unsure whether you are eligible for a particular promotion, take a look at the detailed terms and conditions. The courses will teach not only the basics of Forex but also different methods of analysis that will give some unique insights, how to avoid common pitfalls and minimize your limefx scammers losses. LimeFX designed truly dedicated support to their traders, we found very responsive Customer Service with Live Chat, email and phone support also available in Multiple languages, so is a big plus. Claim your profile to access Trustpilot’s free business tools and connect with customers. Between 74-89% of retail investor accounts lose money when trading CFDs.

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