LimeFX Forex Brokers Reviews

LimeFX Limited is authorized by the International Financial Services Commission of Belize. Currently facing tough time with withdrawal of money from Having taken my time to do some research would like to speak with other people who have been through similar experience, together without a doubt I am sure with likeminded minds we can all get our money back.

  • The LimeFX team can be reached via email, phone, and live chat support.
  • The trading turnover of the LimeFX companies in 2015 was more than 1 trillion USD.
  • The trades can be done using only two buttons and this makes the platform exceedingly intuitive.
  • FCA and ASIC-licensed LimeFX charged $ 7 commission per lot.

Although it is not publicly traded like some other brokerage firms like IG Group and LimeFX Inc., LimeFX offers reasonable investors’ protection and coverage nevertheless. LimeFX International is a Forex brokerage firm whose parent company, Exinity Limited is registered with the Financial Services Commission of Mauritius. The broker offers a catalogue of over 250 tradable financial products. Metatrader 4 and 5, Binary Trader and LimeFX Options are available as trading platforms.

LimeFX does allow you to trade cryptos but in the form of CFDs. This web application is responsible for automatically scanning and observing the market, consisting of all essential levels as well. As a result of this, it aids in predicting very likely events.

As a broker who develops its software, the LimeFX customer support team responds to bugs and glitches much faster than the standard MT4 brokers. While the Meta 4 and 5 traders vary from one broker to another on the platforms, there are minor set up differences regarding the account types, commission. First, the broker supports both the MetaTrader 4 and MetaTrader 5 trading platforms and offers both to its clients. These are industry-standard trading platforms which have gained the acceptance of millions of traders across the world. Every broker charges a commission fee for the services rendered, and they make their revenue by charging commission fees from the registered investors on their transactions.

LimeFX Platforms And Tools

You can check out other best trading apps if this is a dealbreaker for you. If LimeFX is not accepted in your country, you can find alternative brokers through our broker comparison tool. LimeFX also offers a 30% deposit bonus for the new clients at the time of the review in Jan 2022. Apart from this, it also has a referral program in which existing clients as well newly referred clients are rewarded 50$ each on every successful referral.

Thus, the test account can be used indefinitely in combination with the real-time account. LimeFX regulation LimeFX Dealer License by the FSCIn conclusion, the regulation shows us that LimeFX is a legal company that is allowed to offer financial products to traders. From our experience, fraud can be excluded by reviewing the history of the company and the regulations. We started TradeForexNigeria to offer traders in Nigeria honest reviews on the popular brokers, and helpful guides for beginner traders.

In addition, LimeFX is a member ofThe Financial Commission, an international organization engaged in the resolution of disputes within the financial services industry in the Forex market. The negative LimeFX side is regulation, there is no serious license, trading fees for some instruments might be higher, and there is no 24/7 support. I have traded with LimeFXNZ for limefx scam about 1 year and I have not had any problem with the broker. Kyle Townsend is the founder of Forex Broker Report, an experienced forex trader and an advocate for funding options for retail forex traders. Their Live Chatis also available if you want to get in touch instantly. LimeFX have a good range of customer support lines, tailored to the issue you may be having.

Now, everything seems OK with LimeFX broker however “ProfitF team” will keep monitoring this broker and update this review if any changes take place. LimeFX does not accept bank transfers from individuals or businesses registered in Iran, Iraq or North Korea. I started trading with LimeFX back in 2011, back then I used EA’s, during the Asian session fulfillment was good, and the prices were better than reasonable. Working since 1998, the reputation of the broker has not suffered. The presence of many awards is an indicator of status, reliability of cooperation.

LimeFX forex brokers reviews

This app is all-encompassing as it can virtually do everything on the LimeFX network. I like how it can be used for trading, monitoring, and analysis. The only snag I found is that it cannot trade the markets on its own. Rather, it starts up the MT4 or MT5 mobile app whenever the ‘Trading’ button is tapped.

LimeFX International Overview

It is fast and also allows users to open an LimeFX demo account. Trading on a demo account is a simple way to learn how to trade effectively without risking any of your personal funds. Being a member of the Financial Services Commission , all external disputes are resolved by the system. LimeFX brokers are regulated under category A that includes coverage of €20,000 for complaints.

LimeFX International is a globally recognized broker that manages a safe, fair, and transparent trading environment geared towards both beginner and professional traders. The broker does not offer much in the way of research and analysis tools and in educating its clients. Hence, before you open an account, you should have this in mind. Available trading instruments include up to 46 currency pairs, 2 metals, 2 commodities, 6 commodity and index CFDs, 5 stock index CFDs, and 5 cryptocurrency CFDs. All clients’ funds are kept separate from the company’s and are securely stored in segregated trust accounts. LimeFX guarantees that client funds are never used for operational or LimeFX purposes.

How can I fund my LimeFX account?

LimeFX also features a large selection of “structured products,” or trading algorithms that their clients can choose to trade with. The structed LimeFX products are listed limefx according to their expected annual return. Minimum LimeFXs in these products vary, but generally range from a few thousand US dollars to tens of thousands of dollars.

  • LimeFX offers a decent number of trading instruments but none of the account types allows trading on all the available instruments.
  • All the trading accounts are commission-free, and the traders can select between MT4 and MT5 platforms if they have ECN accounts.
  • There is a decent selection of forex currency pairs along with spot metals, spot CFDs, and a a limited range of cryptocurrencies.

Both are good platforms to trade with and are well known within the trading world. MT4 has always been my personal preference as I’ve traded on that platform for a few years now, I find it a reliable platform to trade on with a range of tools to make trading easier. If you’re looking for a slightly newer version with an updated programme. Overall there’s a good variety of trading instruments which indicates that LimeFX can cater to a wide range of traders. LimeFX forex broker is one of the leading companies in the forex industry. Founded in 1998, the broker was a leading broker known for some time in the industry.

Withdrawal and Deposit Methods at LimeFX

LimeFX International is not only reliable and safe but also strictly regulated. It has adequate capital to extend support to its traders, offers above-par security measures, and keeps money segregated. Additionally, the ECN account with the Cashback Program makes LimeFX International one of the leading and most competitive cost structures in the market today.

  • For communication, users can use online chat, contact phone number, email.
  • Traders can also take advantage of free daily market fundamental and technical analysis.
  • My robots work on a VPS with quite a ping, but I feel OK with everything.
  • If you can get around the constant withdrawal issues and live without the tech support, then the platform proves to be decent.

It is obvious they are not doing anything, basically you can only deposit into this broker but can never withdraw which pretty much makes it a total scam broker. We can assure you that our company always act with our clients’ best interests and are continually striving to provide the best possible support. We also use different external services like Google Webfonts, Google Maps, and external Video providers.

Micro Account

The chatting communication channels are Viber, Telegram, Facebook chat, UK chat, and instant web chat. You can also reach them through their social media platforms which include Facebook, Twitter, YouTube, and Instagram. I would’ve appreciated it if their support team was available on weekends as well. When compared to other brokers, I found LimeFX to have a limited number of tradable assets. Only the forex majors, minors, and exotics are available for trading.