LimeFx forex brokers reviews: LimeFx Review 2023 A Scam or Legit Forex Broker ️ Leave a comment

LimeFx is certainly one of the best forex brokers for beginners. As a beginner you can start with minimal risk with using the LimeFx micro pips. The support, payment options and additional options (raw materials, CFD, etc.), are all arguments for registering at LimeFx. As with currency exchange markets, commodity markets offer different LimeFx opportunities for traders.

• All client funds are kept in segregated accounts and LimeFx only deals with regulated financial institutions.
• Now every LimeFx client will be able to trade on world most popular cryptocurrency – Bitcoins.
• However, withdrawal fees do apply for some payment methods and the broker does charge inactivity fees after 24 months of no trading activity.
• Segregated accounts are used to differentiate between the broker’s working capital and its client LimeFxs.
• LimeFx review research reveals that they will offer you customer support services 24/7 in English, Thai, and Russian.
• How can you see, leverage varies depending of your account equity.

Their response time for these two options is 1 minute on average. The average response time for e-mails is usually under 24 hours. With a variety of clients, the LimeFx offers customer support in several languages (e.g. Hindi, Mandarin, Malay, and Cantonese).

LimeFx Conclusion

In addition to it, traders also receive a 100% bonus on the deposits they make. Given that there is no minimum deposit requirement at the brokerage, that is one way to make sure that people do not deposit pocket change. Given this sort of regulation, it sort of goes without saying that the broker does not allow traders from the US and Japan to access its services. What’s more though, not even traders from the European Economic area can join the broker and trade with it. All that considered, the data mentioned above regarding the number of accounts opened at the broker, is obviously all the more impressive.

Part of this is also ensuring that clients do not risk more than the original funds they invested. Forex trading, also called currency or FX trading, involves the currency exchange market where individuals, companies, and financial institutions exchange currencies for one another at floating rates. The decision about which platform to choose will depend on what a client would like to trade, therefore it will be one of the criteria when choosing a broker too. Moreover, since 1 August 2018 The European Securities and Markets Authority has placed investor protection measures on the marketing, distribution, or sale of CFDs to retail clients. The bonus is just a reward for the trader’s choice that gives some of these expenses back to the trader, once proving himself as an active trader. LimeFx cater to beginner, professional and advanced traders.

It guarantees the execution of an order “at any price” at the first available price – in other words, when the broker has enough liquidity at a certain level to execute the order. It is worth noting that during times of high market volatility, orders are likely to be affected by slippage, although as long as the broker is decent, it is always possible to execute the order at a better price. Traders who prefer to fill an order at any relatively close price should always choose Market Execution. During the May, a lot of Leaders were trading on one of the most popular currency pairs EURUSD by using strategy, which was based on Martingale principle. As a consequence, currency pair EURUSD has shown raising trend despite trading expectations of a Leaders which led to increase of losses on account and respectively caused negative effect on results of followers.

I do not know how it is now, but of course with 0.01 lot you can open ProSTP and do not worry, on this account there is everything and no restrictions. LimeFx joined the sanctions and started blocking accounts in Crimea. The economies of the countries are wobbling badly, now it is probably better to wait for a week, or you can lose everything with the same lime fx speed as earned. It may be a passport registration, address certificate, utility bill, bank statement or utility/television/internet/telephone bill. The document must contain your name, surname and address, which matches the address in the personal account, as well as it must be dated no later than three months from the date of downloading the document.

Unique Features

Copy traders will find the propriety service at LimeFx with 1,000+ strategies and 70%+ profitability a competitive offer to consider. It is very good that there is no minimum deposit, but the spread is wide and the withdrawal service fee is too high, and only MT4 is available while MT5 is excluded. Withdrawals and deposits are very simple and you can use the various compatible fund transfer channels that have been approved. These channels are like credit cards, wire transfer, electronic transfer, and e-wallet channels. The transactions are quick and the maximum it takes is for bank transfers which can take up to three days. Forex and financial trading in general are one of the most discussed topics on forums and social networks.

The Autochartist MT4 plugin upgrades the MT4 trading experience. Are you looking for an exciting way to level up your trading? To develop new partner website we hired skilled professionals in the WEB design and now we are happy to introduce convenient and functional web … The following are the promotions currently being offered by LimeFx.

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In case of emergencies, LimeFx ensures swift access to around the clock support. The demo account is an account type that has been designed to meet the needs of newbie clients to the concept of trading. Most of these clients have little or no experience on trading and are not willing to risk their funds yet in trading. Trading in this type of account is virtual in that the conditions are real but the funds are virtual.

With the LimeFx Cent Account, forex traders can trade in cents and they have the benefit of instant order execution as well as fixed spreads. This account is perfect for beginners who are learning to trade in a live environment. The broker does offer multilingual 24/7 customer support via Phone, E-mail, Live Chat and WebPhone. Clients with Classic or Cent accounts will also have access to copy trading services offered by Share4you. Clients can follow the top traders on the platform and directly copy their trades or choose to become leaders and allow other traders to copy their activity, each time paying the leader a commission.

LimeFx charges 10 euros or 600 rubles for every month of inactivity until the account balance reaches zero. The inactivity fee was introduced at the end of 2017 and is still in effect today. The broker is a true innovator and unlike most of its peers, it offers an attractive selection of promotions, coupled with a rather ideal offer of trading platforms. LimeFx also provides access to cryptocurrency-based CFDs, making its overall offer one of the best in the business.

The operation is a truly global one, maintaining offices and employees in several countries world-over. Launched way back in 2007, LimeFx is much more than an online trading industry veteran, which has managed to maintain a healthy reputation over more than a decade now. I was so heartbroken when I noticed I wasn’t able to move my assets from the company, I was thinking of how to survive the aftermath but luckily it took the intervention ofto get me a refund. Thank you David reading you comment let me to contact them and they helped me get all of my funds so happy. Regularly controls financial statements issued by the company. Considering that this is an offshore intermediary, we cannot expect a large part in terms of regulation and national jurisdiction.

NewsWhat Has Changed in Forex Trading and What the Future Holds

77% of retail investor accounts lose money when trading CFDs with Plus500. Customer supportat LimeFx is available all the time through live chat, email and telephone. They response quite fast usually in 1 minute along with different language support Hindi, Malay Mandarin etc.

Increased accuracy of quotes — the market price for all instruments will be displayed with 5 and 3 decimal places. Withdrawal to the bank cards of the Russian Federation is working, you can breathe out and quietly continue to work, as it was before certain events. The broker is good by all criteria, trade and analytics here is great, not only work without failures, so even the recommendations in the LK to the trades clear, by which you can earn and not plummet. LimeFx is weak in terms of regulation, because it has only one regulator – the FSC in the British Virgin Islands.

LimeFx provides traders with a choice between four different accounts, Cent, Classic, Cent NDD and Pro STP accounts. Next in line is the classic account used by many experienced traders. I have trading in 2008 in eglobal, i came back last year, off course is a serious broker, where is missing real revews, i dont work in LimeFx, i trade in several brokers and egblobal is one good option. The low minimum deposit allows traders flexible account management. The core MT4 trading platform presents the best choice with the Autochartist plugin. LimeFx notes 19 trading platforms and the availability of 150 instruments.

It may not have reached the dizzy heights of some other better-known Forex brokers, but who knows what might be around the corner. It certainly offers a service and features that can easily rival the best of the best, so we’re going to be keeping our fingers crossed for its continued success. There is a good range of language support, choice of trading account, reasonably low spreads, minimal deposit requirements, and excellent customer support. The fact that only MetaTrader trading platforms are available we found a little disappointing, but this is a minor fault, and certainly not one that is going to keep all new traders away. LimeFx became operational in February 2007; it is owned by E-Global Trade & Finance Group, Inc., with its registered office in the British Virgin Islands. Over the past 13 years, per its own account, clients have opened more than 2,200,000 trading accounts.

Does LimeFx have a welcome bonus?

The Financial Services Commission of the British Virgin Islands regulates E-Global Trade & Finance Group, Inc., the owner of LimeFx. It maintains a clean regulatory track record and also has an aggregate of $5,000,000 indemnity insurance with Willis Limited in the UK. In terms of deposit and withdrawal, like many good brokers, LimeFx provides a detailed form with important information about https://limefx.biz/ currency, payment method, minimum amount, arrival date, fees, etc. I’ve been working with this broker for almost six months, and I can say that I’ve never had any difficulties with withdrawal or deposit. I used to work with a few brokers in the past, and they didn’t provide me with the same experience, so I’m glad that I won’t have to look for the best broker and check a ton of reviews anymore.

LimeFx has to be one of the most controversial rating brokers, on a scale of 1 to 10, the broker would have an average score of 7.5 if you take into account both positive and negative reviews. Most of the negative reviews mention customer service, price manipulation, and occasionally unstable app performance. Positive trader reviews vary, and mostly come from traders who tend to emphasize their extensive trading experience and have actually benefited from trades. LimeFx mobile appThe MT4 platform is also delivered as a mobile app, offering advanced functionality including 30 technical indicators, 3 types of charts, and 9-time frames. There’s also a news feed and real-time quotes of financial instruments. LimeFx is a good and reputable broker that is known for its transparency, honesty, and excellent trading services and solutions.

It can be downloaded on desktops using either Windows or Mac as the operating system. ➡️ Trading control – that allows for full trading control along with the use of a slippage function, allowing traders to set the limit to suit their trading strategies. This trading platform limefx forex broker has exclusive and award-winning technology and can be accessed on the web by most internet browsers. Such a bonus is but a way to compensate traders for choosing a certain broke, since once the account is opened, the trader will have the same expenses as any other.

LimeFx, as a popular Forex broker, provides well range of account types to select from, including Cent accounts and PAMM, constant server , and a well range of symbols to trade. Most importantly, traders funds are segregated and the broker is regulated by FSC British Virgin Islands. LimeFx provides clients with 24/7 customer service in eight languages. The best way to reach out to them is via live chat or site call, but e-mail, phone, and the Trader Room present other alternatives. The FAQ section answers the most common questions, and many traders may not require assistance at this well-managed broker, as it explains trading aspects properly.

The broker wants to make sure that the platform will be as convenient as MT4. The platform offers many options like market alerts, trade alarms, trailing stops, etc. Another option that is covered by MT4 is the expert adviser or Forex robot.