LimeFx Review 2023 Is LimeFx a Good and Legit Broker ️

These tools seem to be available even for traders who do not have an account with LimeFx. From my personal experience, I have had the opportunity to try out all of LimeFx’s trading platforms, each of which has its unique features and benefits. I cannot say that one is better than the other but is totally based on preference.

Investopedia is dedicated to providing investors with unbiased, comprehensive reviews and ratings of online brokers. We established a rating scale based on our criteria, collecting over 3,000 data points that we weighed into our star scoring system. Like many brokers, LimeFx has no commissions on most trades. One thing it advertises is the lack of an expensive dealing desk, which allows the company to pass on cost savings to clients.

Trading Conditions

LimeFx has always been a keen supporter of transparency and fairness in the Forex industry, and it has made every effort to eradicate conflicts of interest between broker and client. Please read LimeFx Reviews below and share live trading experiences with this broker. My acquaintance with LimeFx dates back quite a long time, and I recently decided to create an account with them. The broker is exactly what I herd about before I decided to trade with it. The platform works fast without freezes and withdrawals are prompt. I can say for sure that they do not work against the client and always honestly pay the profit.

It is regulated and has a lot of reach around the world. Traders receive protection from top-tier regulators, so it is perfectly safe to trade with LimeFx. Another thing we’d like to mention in our LimeFx review is the broker’s excellent customer support.

Can I Use LimeFx in the U.S.?

What is good for a certain trader does not necessarily
mean the same thing to you. You can decide for yourself if
LimeFx is a good broker for you or not by reviewing the criteria. In general,
LimeFx provides trading service in
Forex , Stocks , Futures , Indexes , Metals , Energies and Crypto . As for the payment methods, you can choose between
PayPal, Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, Crypto, Ethereum and Tether (USDT). The customer support is available via
Email, Phone, Callback, Live chat and Office.

Although this broker primarily shines in the forex market. Moreover, it has a diverse set of offerings for future and spot index traders. Stock traders also get their share, although only with a selection of big-name stocks. It is noteworthy that this broker provides not only tools for trading but also some tools for account management.I like both the broker’s app and the wallet it provides for this purpose. I can deposit my account quickly and without delays if I need to, and I can also withdraw my profits. Accounts are opened fast though an online application which is the standard operating procedure in today’s market place.

LimeFx Trading Platforms

Your login details are sent to you via email once your account has been created. If you have forgotten your MT4 live account password, you can reset this via LimeFx Direct. For the Cons, proposals vary according to the entity, and deposit methods are not available in some regions. We found out that LimeFx is headquartered in UK, Cyprus & Bahamas. These are separate legal entities belonging to the same group and each jurisdiction is regulated by the relevant regulatory body in that country. The broker also has a representative office in the UAE.

There is no question that the regulation offered by LimeFx is respectable and should provide a solid sense of security for traders worldwide. LimeFx traders also enjoy negative balance protection in case leveraged positions are exposed to natural market events which would otherwise result in a negative balance. Regardless of the advantages and disadvantages, LimeFx can be traders’ choice as one of the best brokers with sophisticated technology. The company is suitable for traders prepared to trade with funds starting from $500.

Instruments Traded

Based on most of the metrics by which you might measure the learning curve for it, LimeFx is better for those who are more advanced and experienced. Retail Forex broker LimeFx has recently made an announcement, https://limefx.vip/ revealing its relocation to a new office space in the dynamic city of Dubai. I deposited 205R but the LimeFx disappeared after operation. I deposited $5000 because they promised high profits.

Being under CySEC regulation, LimeFx is a member of the Investor Compensation Fund scheme. That means traders get protection for up to 20,000 euros should the company go insolvent. This status makes it one of the most trustworthy brokers in the industry. It’s primarily a forex and CFDs broker with clients and offices in key cities around the world.

After the quick application, traders need to submit a copy of their ID and proof of residence as mandated by regulators in order to address AML/KYC compliance. At the bottom of the sign-up form, under “Entity” traders may be able to select which scammed by limefx of the operating subsidiaries they prefer; this is based on location. The comprehensive educational section is divided into Basics, Fundamental Analysis, Technical Analysis, Psychology, Trading tests, video tutorials and Webinars & Events.

Additionally, LimeFx Financial Services Ltd also supports e-wallet payment methods including PayPal, Neteller, and Skrill. Overall, while the non-trading fees of LimeFx are not excessive, traders should be aware of them and factor them into their trading costs. The inactivity fee is charged when a trader does not place any trades for a certain period of time. This fee is typically charged on a monthly basis and is deducted from the trader’s account balance. There are also trading calculators, tools, VPS, and many other tools. Another related thing we’d like to mention in our LimeFx review is that it’s quite welcoming to beginners.

VPS service is also available for the strategies that require uninterrupted connection. LimeFx UK Limited is authorized and regulated by the FCA since 2010. Meanwhile, other subsidiaries such as LimeFx Financial Services Limited is authorized and regulated by CySEC since 2007 limefx website and the FSCA since 2015. Because of that, traders do not need to worry again about their funds safety. I can say for myself that I’m not the most professional trader, because I often hurry events and try to find some ways to make money as quickly and easily as possible.

• Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device,
  anytime and anywhere you want.
• Spreads on the EUR/USD start from 1.5 pips in the MT4 Trading Platform and 0.2 pips in the cTrader platform where commissions apply.
• Traders simply need to select the instrument, decide which price to alert (bid or ask), and then choose to alert when the price is higher or lower than a selected level.
• It means that they want to provide something more unique, something that sets them apart from other brokers.

All of the other MT4/MT5 account types are with marked-up spreads and zero commission. On the cTrader platform account, spreads on FX and metals are lower, with a commission of $35 per $1 million USD traded. LimeFx participates in the Financial Services Compensation Scheme (FSCS), which allows clients to claim compensation in the event LimeFx were to become insolvent. It offers clients negative balance protection under new EU guidelines that prevent clients from losing more money than they have deposited. Here’s a table that compares the spread on some of the most popular trading instruments provided by LimeFx with other well-known brokers in the market. PAYBACKFX provides you the best LimeFx cashback service, starting from the
cashback level and down to customer service.

It means that they want to provide something more unique, something that sets them apart from other brokers. One of the things I love about trading here at LimeFx is their extensive range of trading instruments. Even if I want to trade forex, commodities, indices, or cryptocurrencies, they have it. It gives me the freedom I need to diversify my portfolio and explore different markets. Fx Pro broker supports all trading styles including Expert Advisors, scalping, and news spike trading. Traders can benefit from in-house Daily Market review and access to Trading Central technical analysis,  LimeFx Economic and Earnings Calendar.