Friday, 03 Feb 2023
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LimeFX Review : Is It a Good Forex Broker or Not?

From our experience, fraud can be excluded by reviewing the history of the company and the regulations. It is our organization’s primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While has some data verified, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers in the term of commission. Our receipt of such compensation shall not be construed as an endorsement or recommendation by, nor shall it bias our reviews.

LimeFX exclusively offers MetaTrader 4 andMetaTrader 5for trading. Apps for iOS and Android are also available for those who want to trade on mobile. For trading aids, practical guides analyze, but also a direct support team is available to members. Video tutorials are published on the site for those who are new to stock market speculation. Demo account which allows beginner traders to test out strategies and build their skills before entering the live markets. As always, I’d like to end the post with further details of the reputation that LimeFX has in the trading world.

Note that when using a credit card, you are required to send a photograph of both back and front of the card. There will be charges or fees for transactions depending on the method of deposit that you are using. Navigate to the My Money area of myLimeFX and proceed to the Deposit section. Before choosing ‘Deposit,’ choose your chosen deposit amount. Next, fill up the appropriate sections after selecting the myLimeFX profile or wallets into which you want to transfer cash. Finally, validate your payment information on the following screen.

Yes, LimeFX is a safe broker for UK residents to trade with. It maintains regulation from the Financial Services Commission of Mauritius, the Financial Services Authority of Seychelles, and is also incorporated in Saint Vincent and the Grenadines. Yes, since 2013, the Mauritius Financial Services Commission has provided limefx website regulatory oversight. The LimeFX Cashback Program lowers trading costs at LimeFX International. The LimeFX International trading commissions are among the most competitive ones. If the manager achieves a positive trading result, the investor makes a profit, paying out a percentage of this to the manager.

What is the minimum deposit required to trade with LimeFX?

Try to withdraw your money, ahh this is the big scam, no one send your money so say bye bye to your money for ever they are scamer.

  • For a lot of payment methods, there are not any fees for withdrawing money.
  • The FCA is now starting to focus on regulating the mirror trading sphere so things are likely to change a lot over the next few years.
  • Research and analysis section is just great, LimeFX is good for beginning traders, also provides automatic trading and participates in various projects.
  • Please specify what problems you have encountered while working with our company.
  • This is especially at a time when we are seeing other brokers providing free funding / withdrawal options.
  • LimeFX makes multiple deposit and withdrawal options available including Bank Transfer, FasaPay, and BitCoin.

However, these are quite lacking in terms of the individual assets. They only offer two metals pairs to trade and only have oil and natural gas in their commodity pile. Please specify the number of your personal account and order number. We will check the information and will be happy to give a public comment.

In addition to this, the brokers also provide four account types that use real money. They are categorized into the standard or basic accounts and the enhanced accounts, known as ECN type. LimeFX allows Forex trading to reach new heights with extremely low spreads of 0 pips, easy and quick deposits and withdrawals of fiat or cryptocurrencies, and instant execution of trade orders. Start trading on the Forex exchange is straightforward; anyone can trade Forex.

Baxter-FX Fees and Spreads

To bring transparency to the forefront, we have publishedour review process that includes a detailed breakdown of the LimeFX offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

LimeFX-US provides a free education academy for learn forex trading with introduction tutorials for learn currency trading, futures trading and options trading. LimeFX-US also provides videos for learn metatradeer4 platform, technical analysis and advanced technical analysis and charting analysis. The North American Derivatives Exchange™ is the premier US exchange for binary options, call spreads, and knock-outs, offering secure and innovative ways to participate in the markets. We are regulated by the Commodity Futures Trading Commission , and member funds are held in… Pamm account is your trading account which you will trade and then investors join you.

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. One of the most important criteria for a Forex trader is no doubt the types of trading platforms that you will be using. LimeFX offers a demo version on each one of their accounts accept for the Nano account. These demo accounts can be used for an unlimited period of time and you are allowed to refill your demo funds once they have been depleted.

What is LimeFX?

You can learn more about this in the deposit and withdrawals section of this post below. LimeFX-US allows Expert Advisors automated forex trading on the metatrader4 platform and also provides VPS hosting Services for EA hosting. Below is a list of the most common review questions that traders ask about this online forex broker. Investing large sums with an offshore broker is risky, LimeFX limited do present themselves as reliable and safe i am also concerned that they are located in the Grenadines, perhaps a tax reason. Try looking into LimeFX Australia and LimeFX, both offer pamm accounts, i would spread your risk.

  • LimeFX is a great Forex broker that has been on the market since 1998.
  • LimeFX is fully regulated by the Financial Services Commission in the Republic of Mauritius.
  • This is most likely because they would like to be able to identify the withdrawal recipients.

LimeFX International is a leading Forex broker, established in 1998 by 3 co-founders in Russia. The head office is located in St. Vincent and the Grenadines. When it comes to reliability, LimeFX has a well-established record and licensing and regulation in various countries. The sheer number of customers that trade with them and the countries that they operate in are an indication of their reliability and popularity. With such detailed mobile trading opportunities and several trading features, there is little not to like about LimeFX. We believe they are a strong contender for both new and experienced traders.

Unique Features

The form merely asks for the trader’s name, country, e-mail, phone number, and password. While it grants access to the back office, account verification remains a mandatory final step, per regulatory mandated AML/KYC requirements. A copy of the trader’s ID and one proof of residency document, issued within the last three months, will satisfy that requirement in most cases. LimeFX International offers a refer-a-friend promotion, which also extends to family. High-frequency traders will benefit from the LimeFX Cashback Program, which lowers the overall trading costs.

For market news and research, LimeFX offers up to date news in real time. This is made possible with the broker’s tie-in with FxWire Pro, professional informational service. Coverage of news is global and authoritative with the commentaries provided by leading economists. With this service provided by LimeFX, traders can save time and focus more on their trading activities. Founded in 1998, LimeFX is a leading pioneering online forex and CFD broker in the industry.

LimeFX broker reviews

For example, you can place a number of different stop losses both fixed and floating. Leverage levels appear quite reasonable but are really quite substandard for cryptocurrency at only 2x leverage. If you wanted to trade crypto with more leverage then you could consider the likes of Prime XBT. They also offer clients the chance to trade spot metals and commodity CFDs.

Does not pass the password set at any time, sms with the code do not get. But will it turn out that when you withdraw funds only and will be kissing the lock of the cabinet? The companies operating under the LimeFX brand operate in the largest financial centers of the world, including Russia, under the license of the Central Bank of Russia. We value each client of our company and it makes no sense for us to share your data with our competitors.

MT5 also has a built-in news feed and an economic calendar, and trades can be made on a chart. Deposits are generally processed instantly, except for bank transfers, which can take up to 3 – 5 days, and withdrawals are processed within 24 hours. No fees are charged for deposits, but a withdrawal fee may apply, depending on the method. Of particular note is the fee for bank wire transfers, which costs 30 EUR per transaction. A well-regulated broker, LimeFX ensures that all Anti-Money Laundering rules and regulations are followed. As such, all non-profit funds are returned to the original deposit source.

For those stock traders who want to use LimeFX, you can trade their index CFDs. Unfortunately though, they do not make a market in single stock assets. If you wanted to trade your favorite companies then you will have to head on over to 24option.

Your review is misleading and gives readers a false impression of us. Please send us your personal account number to and tell us exactly what issues you encountered when working with our Company. We are ready to consider any real case, conduct a detailed examination of your situation and provide a public response. Very much did not want to let me go with 100k$, the support service was literally bursting with excitement about why withdrawal. The company does not stop trading with fixed contracts at news releases. Only trading contracts with short expiry dates for some underlying assets may not be available during times of strong market volatility or, conversely, during periods of low liquidity .

This may impact how, where and which products / companies / services we review and write about. This page may not include all available products, all companies or all services. Theminimum depositrequired to open anLimeFXAccount is $100 USD. Posting the latest news, reviews and analysis to hit the blockchain. If you are looking for an established broker with very high leverage and low spreads then you could consider it. Overall, we found LimeFX to be a reasonable and transparent broker that has low spreads with an attractive array of assets to trade .

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