LimeFx Review, Forex Broker&Trading Markets, Legit or a Scam-WikiFX Score:1 62

Perhaps, you might have guessed that I mean currency pairs and commodities closely connected with each other. I don’t doubt that you can name these assets if you have enough trading experience. I started transaction on this platform from August 17 and deposited. LimeFx offers two trading platforms; a proprietary platform and an app, as well as the well-known MetaTrader 4. The secure back-office handles all financial transactions, but the process remains complex, and many traders report withdrawal issues.

  • The minimum deposit for the Classic account is $250, and LimeFx does not provide information on the other three, preferring to have an account manager cold call and push for higher deposits.
  • CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
  • Traders that are from the United States, Canada, Japan, Australia, and Israel are not allowed to use LimeFx.
  • One thing to note is that the broker only features three cryptocurrency options for CFDs, much less than some brokers that have multiple coins available.
  • Before deciding to join a brokerage company to start trading, a potential trader needs to establish whether a broker like LimeFx is safe and secure to trade with.

You are about to purchase a leveraged product that is complex and difficult to understand . CNMV has determined that due to its complexity and the risk involved, the purchase of these products by retail investors is not appropriate/suitable. Please be aware that the losses on your entire invested capital may be incurred. Mount Nico Corp Limited does not provide regulated financial services to residents of the United Kingdom. Learn the worldwide global markets, which contain multiple assets in various categories.

lime fx Forex Trade Platform and Broker Review

The next day I found my account was blocked and unable to log in. I contacted with the customer service and found most of my LimeFx was taken away. LimeFx offers traders the market-leading and highly acclaimed MT4 trading platform. MT4 software is compatible with EA Trading and can be customized to suit their preferences with 30 technical indicators, 3 execution modes, 4 order types, and 9 timeframe interactive charts. MT4 is available for Android and iOS, giving traders the flexibility to choose according to their needs.

The platform includes all account management features, including setting up demo accounts and the account verification process. Better accounts offer better spreads, with only Gold and onward providing even remotely competitive spreads. The two highest tiers of accounts also feature a dedicated account manager and access to VIP educational resources such as webinars. User reviews across the web for LimeFx are mainly negative.

LimeFx forex broker

The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitative. Traders who wish to test their trading strategies in a mimicked live trading environment without risking their capital. Since details on the website are not clearly enough stipulated, more information should be obtained from the customer support service in order to make an informed choice.

Open real account or open demo account with LimeFx

Over 40 video lessons are available through LimeFx’s media center. These brief animations cover a variety of topics on different assets and using the two platforms that the broker offers. Traders can also watch a live webinar each week from the broker’s in-house analysts. Beyond their spreads, the broker also takes in revenue through several different fees on their users.

LimeFx is continuously working to improve its trading solutions and services in order to adapt to evolving needs and objectives of traders. Before starting to trade, potential LimeFx clients should arm themselves with all possible information and trading skills needed to be successful in the world of limefx website forex and commodity trading. If LimeFx’s website itself does not provide enough means, a trader should explore other information sources to obtain that skills and knowledge. If there is a choice, the trader should keep in mind what he would like to trade and find the platform that suits his needs best.

LimeFx Account types – 10 key points quick overview:

This enables LimeFx to provide trading products and services to European forex traders. LimeFx​ is a Forex Broker offering Forex Trading services via MetaTrader 4, MT4 Mobile and Web trading platforms. Regarding orders execution model, LimeFx is a b-book broker . LimeFx offers trading of currencies, indices, shares, cryptocurrencies, CFDs and commodities. Below is an in-depth account types Review regarding this regulated LimeFxpany, which will assist traders to make an informed decision when it comes to the various Forex trading accounts made available.

LimeFx forex broker

Please note that there is a minimum deposit of €500 for wire transfers. If you wish to fund your account via wire transfer, please contact your account manager or access our live chat to receive the appropriate banking details. Most of the people who invest in forex and CFDs online are daring and ambitious. They want to try their stuff and see what they can achieve. This drives them to take risks, often when they shouldn’t. At 20 pages in length, they are more like long brochures.

Broker Information

What’s more, the spreads shown in the demo account appear to be those for a Gold account, meaning Classic and Silver account holders will have even worse spreads at their disposal. Anyone trading with this broker can do so using the MetaTrader 4 platform. This is the industry standard trading platform that is used by almost every online Forex and CFD broker. Users say that LimeFx had unreasonable demands during the verification process. The broker often rejected identification for what their clients called arbitrary reasons.

Before the forex trader can sign up, they must accept that they are older than 18 and that they have read, understood, and accept the Client Agreement, Privacy Policy, and Cookie Disclosure. In compliance with strict rules of these regulators, LimeFx protects client funds by keeping them in segregated accounts with top-tier banks. There are various webinars offered by LimeFx to certain account levels. These are facilitated by Michalis, the in-house market analyst for LimeFx. LimeFx offers a free news blog for forex news on the official website. The purpose of an Islamic Account is that it caters specifically to Muslim traders who strictly follow Sharia law.

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I created my account a month ago with no previous trading experience. Alona Zhyhadlo was appointed my account manager and she was cheerful and helpful from the get-go. She taught me the basics and I made good profits from her lessons and assistance. I’ve also lost some money but that’s expected with CFD trading. The goal is to have greater wins than losses so I look forward to more experience with them. As a regulated broker we are committed to providing the highest level of service to our customers.

Yes, the broker charges a monthly maintenance fee of $10. Users who do not maintain account activity will face an inactivity fee of $80 per month after two months. Our dedicatedchargeback team is ready to explore your options for recovering your funds in a timely and efficient manner. We are really sorry about the issues you have experienced recently.

I have been trying out the stock market and have had a bit of a rollercoaster ride making both profit and loss. However, I was recently introduced to Stefan who was not only very patient but really explained how the system worked do I could work out for myself how to run things. I work in Education and know that Stefan is an exceptional teacher. We are sorry to hear that you did not have the best experience with LimeFx. If you wish to have your personal information removed, please contact our team at Of course I did not invest but I just asked a simple question like where are you calling from and I did not get an honest response.

Online User Reviews About LimeFx

When it comes to the Classic and Silver accounts, they are practically the same, with just the addition of educational videos with the Silver. This is my source of money and the broker LimeFx helps me with this. I have been trading for so long that all brokers are the same for me. Trading Central products are available to account holders along with MT4 indicators, market analysis, news, and summaries. I deposited but could not withdraw when making profits.