LimeFx Review Is it a Scam or Legit Broker

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The technology embraced by LimeFx is of the maximum caliber, ensuring that it’s fast, dependable, and efficient. Our entire LimeFx review for beginners covers all you will need to learn about trading with LimeFx. A good broker can take your initial LimeFxs and help to protect it from losses but also provide you a platform that can help to provide you positive profits. If you would like to earn profits, you must trade with a brokerage service that contrasts with your LimeFx goals. Stocks are available for all account types and offer the ability to speculate on price changes. CFDs are great instruments for this matter because they can be short-sold when markets are falling.

The indices include main instruments from the USA, CHINA, Europe, and South Korea. Cryptocurrencies became very popular lately and LimeFx provides their traders with a number of cryptos to trade. There are 27 different cryptos in total, with spreads starting from 0.001 for Tron/USD.

To trade on this account you will need to make a deposit of at least $ 200. There are practically no spreads since all trades are immediately routed to the interbank market, all trading operations are performed via Market execution. The Company has recently lowered its minimum deposit requirement and increased leverage for limefx broker reviews this account type. In fact, they have many ways to withdrawal my earnings without any problem and to deposit too. In summary, any trader independently of his experience can work pleasingly with LimeFx and take profit. MT4 is considered to be amongst the best trading platforms for both new and professional traders alike.

Reprint of the materials is available only with the permission of the editorial staff. LimeFx primarily provides brokerage services in the CIS countries, Asia and Europe. They are focused on offering high-quality services and comprehensive support to their clients and partners. They have a professional team that is committed to finding the latest innovative trading solutions and incorporating new technologies. This helps to ensure that LimeFx offer good trading conditions to their clients from across the globe. The brokers experts take an active part in various industry conferences and events, where they discuss trends and prospects of financial markets.

LimeFx broker reviews

The trading history is analysed by VMT on a monthly basis and every client can get access to the audit data by checking the Verify My Trade Execution Certification. It supports over 1,000,000+ registered customers and over 7 years of experience on its record. They are one of the world’s leading trading platforms and also a prominent figure in the Fintech revolution. LimeFx shows on its official site that you are able to trade real time stocks with your demo account. MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. LimeFx has over 106 trading instruments to support all kinds of traders.

Account holders can send and receive funds using an e-wallet, a virtual bank account number in a local currency or a re-loadable prepaid MasterCard debit card. The Payoneer debit card allows money to be used online or at point-of-sale with the Payoneer debit cards. The company specializes in facilitating cross-border B2B payments. It provides cross-border transactions in 200 countries and territories and more than 150 local currencies, with its cross border wire transfers, online payments, and refillable debit card services.

Is LimeFx a market leading broker?

Selecting the right broker is vital for your LimeFx LimeFxs to thrive. However, be cautious of fraudulent and untrustworthy brokers hiding in the shadows, ready to exploit naive traders. The spreads are dependent on the account type the trader is operating on. For ECN accounts, spreads start at 0 pips but for each lot, there is a small commission charged for each side of the trade.

LimeFx broker reviews

For starters, you have to select the right agent who’ll consistently be clear with you. The maximum withdrawal processing time is 24 hours, which means users can withdraw money within a day, which is a great advantage when compared to other brokers. All these tools have the potential to greatly assist traders by providing increased decision accuracy. It is still a downside for LimeFx not offering any educational materials, making it harder for beginners to learn how to trade. But for the advanced traders who know what they are doing, the broker has plenty of tools to assist.

LimeFx Alternatives

It seems to me that here the promises differ from the real conditions provided by the broker. For this reason, I have not been able to achieve what I hoped for. I’ve gone back to benarmstrong-trades to continue my trading LimeFxs. I have known LimeFx for a long time, I consider it a reliable company in the Forex market. Secondly, I have repeatedly withdrawn different amounts from my account, the company withdraws money quickly. You can contact the technical support at any time, it works 24/7.

Aside from trading charges, online brokers also bill non-trading fees. These are determined by the activities you undertake on your account. They’re billed for things like depositing cash, not trading for long periods, or withdrawals.

LimeFx broker reviews

Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling. A client made a net profit of $98,000 in 1 year, trading GBP/CHF and USD/CHF. That’s why LimeFx was among the first to support the initiative of the Financial Commission and completed order execution verification with Verify My Trade , a partner of the Financial Commission.

I checked the work of the platform and…

They have flexible account types for all types of trading strategies, including scalping and automated trading with expert advisors. I like how there is a great range of powerful trading tools freely available which can be very helpful for market analysis and finding trading opportunities. New traders will be pleased to find lots of educational materials to help them learn more about the markets whilst there are free demo accounts to put what you have learned into action. The minimum deposit to start trading is not the cheapest at $100 and I would prefer if they were regulated by a top-tier regulator. Overall, there is a lot to like about this broker and the good range of trading products and services that they offer.

  • The agents offer premium customer service which rewards customers with advantages.
  • This is beneficial for people who regularly trade, for example daily or weekly trading.
  • It is also worth mentioning that Forex trading is actually prohibited in India.
  • For this reason, I have not been able to achieve what I hoped for.
  • Free online courses and webinars mean average quality free information, sometimes contests for demo traders where it is working for those who have no real funds.

While it is relatively cheap to trade your favorite cryptos on LimeFx, spreads on cryptos are always high and can increase to $12 per BTC for the BTC/USD pair. Safety starts with regulations and depending on how many regulators are overseeing the broker, we can determine how safe it is to hand our capital over to them. LimeFx is regulated by the Financial Services Authority in St. Vincent and the Grenadines. Regulated by any authority is already a big thing for Forex brokers, but having only one overseeing authority is still not enough. Unfortunately, you did not provide an account number and transaction numbers so that we could identify you as a client and check the information. As you know, prices differ between brokers as each broker has different liquidity providers.

Types of Accounts at LimeFx

They can be contacted via email, telephone and online chat. It is good to see they have responded to both good and bad feedback online. I am always impressed when a broker takes the time out to address any concerns although of course, it would be even better if there weren’t such concerns in the first place. It is great to see the broker supports Muslim traders with Islamic accounts that comply with Sharia law also available upon request.

LimeFx fees compared to IG fees

In October 2019, the company launched a service aimed for small and medium-sized businesses to send payments anywhere in the world quickly and cheaply. Other deposit techniques you can embrace are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is an opportunity also, though it takes approximately 4-7 days. Nevertheless, LimeFx does not have assured stop-loss protection. You can drop all your worries since we believe that LimeFx is perfectly safe to use.

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