LimeFx scam
LimeFx scam

The videos are also a nice touch as they can be run in background when you are conducting your analysis. Some of them were a bit difficult to understand on account of the accent of the presenter which is slightly unfortunate. These are research pieces that are published on a daily basis. They are a combination of written reviews as well as video pieces. These seem pretty comprehensive and the author / presenter knew what they were talking about. You can think of this as a trading loyalty program where you are rewarded for the volumes that you trade.

LimeFx scam

Evaluating the «LimeFx» broker in general, it should be noted that the company is one of the oldest, largest and most reliable. Seventeen years of experience in the Forex market morphs into excellent customer service. The required starting deposit is not so high, and even in the promotional periods can often be only a few dozen dollars. At the same time, «LimeFx» specialists train inexperienced traders, and trading signals are issued to all interested customers absolutely free. Should you deposit a large enough amount, you may be eligible to be designated a premium client. Many brokers and platforms offer this type of service for a large deposit and depending on your plan, it can be an added benefit.

LimeFx Best Countries by Traders

We will be glad to see into your case and provide you with the answer in no time. If you’d allow us to, we would like to look into your inquiry and give you a full explanation of your situation. Kindly send us your MyLimeFx account number and your trading account number to , providing a detailed explanation of your issue. We will check the information and provide you with a response. Please attach your personal account number to so that we can deal with the issue.

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There is a decent selection of forex currency pairs along with spot metals, spot CFDs, and a a limited range of cryptocurrencies. I highly recommend checking out LimeFx for a better range of assets for trading. LimeFx is an ECN broker which means that they offer Straight Through Processing of their client’s orders. This means that on these ECN accounts, traders are getting close to the market rate on some pretty low spreads. LimeFx provides traders with the MT4 and MT5 trading platforms, but only the basic version.

Some of the contests for traders include “King of the Hill” and “Trader Wars”. They state the size of the prize pool lime fx as well as the number of participants. For investors, there are contests called “Virtual Reality” and “Formula FX”.

We value transparency and openness in the way we review the partners. 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.

Typically Broker confirms withdrawals within 2 business days, additionally it will take around 5 working days for money to arrive too your account, which also varies by method and your country. In addition, traders within the LimeFx are able to perform account-to-account transfer in USD, EUR, and GLD limefx review currencies with no commissions. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Once you have consumed the appropriate articles, you can look into the economic calendar and other important features of LimeFx.

Traders have access to 1,947 strategy accounts for LimeFx CopyTrade. Despite its past difficulties, LimeFx International remains a trustworthy broker with a distinct focus on emerging and frontier markets. Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions. LimeFx International also offer a Loyalty Cashback program and other regular promotions to its clients. I was an old LimeFx customer and I know the company was closed and acquired by another company. Someone pretends to be the deceased LimeFx with this .org address and it looks like a lot of people are falling for it.

Is LimeFx scam or safe?

Overall, LimeFx review features the company with a long history of operation, which passed numerous crises and hard times nevertheless, managed to offer global services to thousands of their clients. LimeFx brand is indeed reputable one among the market offering, notwithstanding the fact of its weak point of recent regulation. Nevertheless, we can recommend LimeFx as a trustable broker to trade with.

Is LimeFx regulated?

LimeFx International is regulated and licensed by the Financial Services Commission of Mauritius, license number C113012295 Code FS-4.1, Code SEC-2.1B. We only work with reputable financial institutions and liquidity providers, and follow strict anti-money laundering procedures.

The only thing that you will need to do in order to get access to the demo account is to submit your email address and other personal information. They will send you the demo login details to the email that you provided. When you are trading with such high degrees of leverage, the fees and spreads on can make or break your profitability.

Deposits and withdrawals

While this is a great start, reliability ultimately comes down to the platform, broker and all of the assets offered to you the trader. This is a reliable start to anyone looking for information, but let us continue on and see what else LimeFx provides. LimeFx’s MT4 and MT5 apps allow traders to work from anywhere, with nine timeframes, 30 indicators, and interactive currency charts. Functionality to close and modify existing orders, calculate profit/loss in real-time, and tick chart trading further empowers traders while on the move.

This includes all of the major FX pairs and a number of minor pairs. This is because the agency does not require the broker to meet minimum requirements in terms of reporting, capital buffers other client protections. They are a self regulating and external dispute resolution body. All of these have corresponding trading conditions as highlighted in previous paragraphs, so it’s easy to determine which ones are for beginners and which ones are not. The Standard account, the Micro Account, ECN Account and the ECN Pro Account.

The written material available is mainly composed of a Beginners Guide to Forex Trading. This includes an explanation of the main concepts involved in Forex trading and a glossary of the most commonly used terms. It’s capped off with an introduction to the different types of charts used by traders. LimeFx’s trading tools are severely limited compared to other similar brokers.

Can I trust LimeFx?

LimeFx is considered low-risk, with an overall Trust Score of 67 out of 99. Learn more about Trust Score.

For the convenience of its customers, «LimeFx» provides the opportunity to work for a while on a demo account. This work does not require a deposit, and the acquired experience is quite real. In addition, the company regularly conducts online training seminars, as well as residential classes for those wishing to participate. So once you need to fund a live trading account, you’ll have a selection through major payment options along with special offers from the company, for commission-free deposits. However, few options may be eligible for fees, thus check it with customer service as to your applicable region.

LimeFx

Finding a capable and reliable broker is essential for successful online trading. Investors must ensure that a broker is not unreliable or fake to avoid losing their LimeFxs. With the growing cryptocurrency market, there are too many brokers out there, making selecting the best broker a Herculean task.

Forex is the international currency market that allows you to earn from the difference in exchange rate fluctuations, but it is not suitable for all investors. Please familiarize yourself with the basic concepts and first try trading on a demo account. Overall, LimeFx appears to be a solid broker and allows you to trade on the various platforms. Ensuring it is the right fit is important, and not only that but a demo account allows you to test your strategies before committing financially.

LimeFx Trading conditions

Spreads are generally wider than market execution accounts, but no commission is charged, and they are available as swap-free accounts. LimeFx clients in the UK will be trading with LimeFx Limited, registered in St Vincent and the Grenadines . For all intents and purposes, the BVA FSC is not considered a forex broker regulator and applies no supervision of any CFD trading-related activities. Clients must rely solely on the reputation of LimeFx, as no additional measures exist to ensure client protection.

LimeFx scam

These differ according to a number of factors including the type of platform, minimum trade size and processing type. They have standard accounts, pro accounts and their ECN no dealing desk accounts. So as you can see, the Pro MT4 ECN and the ECN MT5 accounts have spreads that start at close to zero.

LimeFx Features and Options

For example, a fee of 1.2% + 2.9 EUR is charged for withdrawals via debit cards/credit cards. LimeFx derives most of its revenue from spreads and commissions. As you can see from the table above, the trading costs on the commission-free Nano MT4 and Standard MT4/MT5 Accounts are 17 USD, making these rather expensive options. While UK residents may be apprehensive about trading under a subsidiary that is essentially unregulated, LimeFx is regulated by the FSC and the FSA.

  • LimeFx International neither provides in-house research nor does it source research from third-parties; market commentary on a company blog is equally unavailable.
  • Justin is an active trader with more than 20-years’ industry experience of working for big banks and hedge funds.
  • It is also worth pointing out that LimeFx will not credit your funds if you send them from a third-party account.
  • There is a lot of information about forex platforms and different scam brokers nowadays, but unfortunately a lot of people still fall into the net of these scammers.
  • If traders plan on trading individual stocks and cryptocurrencies, the maximum leverage becomes less due to regulatory rules.

LimeFx is a member of The Financial Commission, an international organization engaged in the resolution of disputes within the financial services industry in the Forex market. LimeFx is a leading broker, offering forex trading https://limefx.name/ to both professional traders and beginners. NB RB license, CySEC, FSA, free demo, promotions, bonuses, etc. Standard LimeFx Spread for EUR USD is 1.1 pips, while ECN account offers raw spread plus the commission charge.

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. Traders receive the payouts weekly, and there are no points, vouchers, or discounts. It remains one of the most straightforward and fair reward programs. Terms and conditions do apply, and traders must read and understand them before signing up.

The Minimum Capital Requirement is MUR 1,000,000 , which is not compatible with that set, for example, by FCA . However, in most sea zones there are no preconditions for a forex brokerage assets. Both types of accounts are commission-free and offer micro-propositions for trade. LimeFx enjoys a market-leading position in North America but at the cost of an uncompetitive trading environment in the rest of the world. This broker executes its business model properly and is undoubtably a solid choice for North American traders.