- April 30, 2021
- Posted by: admin
- Category: Forex Reviews
MT4 comes complete with a full suite of trading and technical analysis tools and market indicators, and is able to support Expert Advisors. If you haven’t tried MT4 before you have ample opportunity, as it is the trading platform used with an LimeFX demo account. The software is compatible with any device including Mac, Android, Windows and iOS mobile devices. LimeFX WebTrader – LimeFX has its own in-house trading platform, which requires no download or software installation. It only takes a few minutes before new traders are up and running.
The minimum deposit is $100, and the company is offering a welcome bonus – doubling clients’ initial deposit. Accepted payment methods are not very transparent on the company’s website, since you need to open an account to see methods available in your country. We find it a bit limefx broker reviews uncomfortable, like pressuring a client to register to get basic information. The list of Forex, spot, and CFD trading instruments is well-constructed but some rivals offer more comprehensive listings. Clients can now trade cryptocurrencies directly on the Metatrader platform.
For instance, LimeFX arranged the biggest competition in the industry in 2013 where the grand winner was awarded by a super car or $1,50,000 in cash. There are a number of communication channels open around the clock 5 days a week, and every customer is allocated their own personal account manager. With a broker of this size, there are no separations of client funds either.
A number of lading industry directories were told by LimeFX they were leaving regulations. These included CRFIN of Russia, CONSOB of Italy, and BaFIN of Germany. A number of other offices have been closed in countries such as China, and Nigeria. This broker did not score well during our testing process and is not recommended by our experts. We strongly suggest choosing a broker that has gained a high score through excelling in all departments instead. To learn more about how we test and recommend brokers, read our methodology.
Different Account Types present on LimeFX – Image 1The various types of LimeFX/STP accounts provided by the company are as mentioned below. There are a lot of brokers out there operating under fake company names or that have other fraudulent operations. A little bit of preliminary research can go a long way in protecting you and your finances. You can deposit and trade, once you try to get your money back – they become reluctant and don’t process a withdrawal.
Comments On LimeFX Forex Broker Review
Investopedia does not include all offers available in the marketplace. We show reviews chronologically, and you can filter by star rating, language, location, or keyword. I am a newbie limefx scammers and I was a bit worried about the technical stuff, but as soon as I started trading, I was able to really focus on what’s important, which is the market and not the software.
Established since 2010, LimeFX stands as one of the most reputable brokers around with their highly responsive and supportive trading ecosystem. In order to open an account with LimeFX; traders have to invest minimum 50$ on live accounts and 500$ on STP/LimeFX accounts. LimeFX offers 6 different trading accounts providing the opportunity to trader to select the perfect account according to his strategy. Spreads are variable from 1.1 pips and fixed 2.2 on EUR/USD. Premium and VIP accounts with better spreads are also available on bigger deposit amounts.
LimeFX Offers A Good Range Of Trading Platforms
So, if you’ve no PC or Mac, or if you remain busy in outside most of the time, you will have no problems because only a smart phone is quite enough to manage and analyze your trades. However, only MT4 is available for your android or ISO device. But you shouldn’t be worried because only MT4 can fulfill almost all your trading queries and activities. The only drawback of this broker is that it doesn’t support PayPal for deposit or withdrawal. And if you are a PayPal lover, then you can also check PayPal Brokers here. The quickest and easiest way to contact customer support is through live chat, which is available 12/5.
- In line with the strict regulatory environment under which LimeFX operates, all client funds are kept segregated from operational accounts and all European traders will have negative balance protection.
- A lot of similar platforms are there to earn money, but of course, it’s a risk.
- LimeFX’s swap rates are published on its website for each financial instrument, and the exchange is automatically converted to the base currency of the trading account of the client.
- So, it’s hard for you to use their platform to make profits, especially for scalping trading.
- The list of Forex, spot, and CFD trading instruments is well-constructed but some rivals offer more comprehensive listings.
Getting money into the account was a bit tricky but I got help from their support person and it was fine in the end. The FPA recommends against depositing money with this broker. If you have an account with this broker, the FPA recommends you try to withdraw your funds immediately.
However, if you want to deposit this broker, you should observe their activity and start with a smaller deposit. In the LimeFX platform, you can take advantage of strong liquidity and reliable execution to trade some of the most well-known and liquid shares. Yet, as mentioned previously, many regulatory bodies are warning against LimeFX, claiming that this broker is not authorized to operate in their country. On the website of LimeFX is listed that the company does not accept clients coming from the USA, Cuba, North Korea, Sudan, and Syria. The offers that appear in this table are from partnerships from which Investopedia receives compensation.
Or is the fact that a broker is licensed and regulated most important? Without a doubt, there are a number of factors that can come into play when picking the best Forex broker. A good way to find out more is by reading our Forex broker reviews. So let’s get on with sharing the details, and you’ll be in a much better position to decide. LimeFX only offers MT4 on a mobile trading platform, but it is available for both Android and iOS.
Please read LimeFX reviews below before investing with this broker and share your own live trading experiences with your fellow traders. Seems they have been hit big time due to the Swiss rate decision and have lot of exposure but not admitting. I have complained limefx cheating to my bank to reverse my deposit of 5000 usd by filing a dispute so will get it back and profit of close to 5000 usd will have to fight out. Discover a broker you can trust by reading our in-depth and honest reviews, created by industry experts.
Our Broker Review Methodology
Clients can trade with currency pairs, shares, indicies, commodities, and cryptocurrencies. This broker is offering a wide range of all the assets available, over 200. Carey, conducted our reviews and developed this best-in-industry methodology for ranking online investing platforms for users at all levels.Click here to read our full methodology.
Though there are such claims by many retail traders, according to most of the LimeFX reviews you can rely on this broker. Like other brokers, LimeFX makes money from mainly spreads & commissions from the registered money makers. That means, you can check the spread before your trading and also get your spread in the middle of your trading. Besides, a small commission is also charged by LimeFX for certain types of trading. Additionally, if you want your fund safety, they have also some schemes for both individuals and teams.
LimeFX: Are You Looking For LimeFX Login?
LimeFX opened for business in Cyprus in 2010 and has now expanded into more than 180 countries. In addition to EU regulation through the Cyprus Securities and Exchange Commission , they are licensed as a registered investment firm in the United Kingdom, Australia, and South Africa. LimeFX has closed down operations in China, Russia, and Nigeria in recent years, focusing client development in more traditional top forex brokers venues. Iron f x allows me to trade with better trading conditions than the other top brokers. The Forex Peace Army has set up a special thread with instructions for traders who are having trouble withdrawing their money from LimeFX. I don’t want to discount the experience of others here who look they’ve had a really horrible time, but just want to relay that my experience with LimeFX was average.
LimeFX accepts a range of different payment methods including Skrill, Neteller, SafeCharge, Dotpay, NetBanx Asia, Visa and Mastercard, and ChinaUnion. Fees apply for some of the methods, and there are also minimum and maximum amounts that apply. Gripeo is the leading social platform for consumers to share their experiences with businesses and other people. We stock market thrive for helping the marketplace become less ambiguous and more transparent. In the case of LimeFX, the client’s money is collected in a single account which is used to pay large bonuses and sponsor football clubs like Barcelona AFC. Tens of thousands of investors all over the world have had their money stolen in a massive Ponzi scheme by a Cypriot broker.
If we are not online the message will automatically be recorded, to be dealt with as soon they open their doors. In line with the strict regulatory environment under which LimeFX operates, all client funds are kept segregated from operational accounts and all European traders will have negative balance protection. As LimeFX operates instant execution accounts, there remains the potential for conflict of interest; but the availability of market execution accounts should satisfy any concerned traders. With respect to customer service, the broker provides decent contact options and support in 45 languages, which could be a plus. The trading competition might also be an incentive to open an account, and the broker’s support for the popular MT4 platforms seems to be the best feature of this broker.
The FPA recommends against doing business with LimeFX or any related company. A history of fake positive reviews submitted from inside LimeFX’s offices. This was after LimeFX tried to claim that the CySEC investigation was to investigate cheating clients. Later, the Cyprus Consumer Protection office decided against LimeFX regarding allegations of contractual unfairness. So, it’s hard for you to use their platform to make profits, especially for scalping trading.
We found a warning from Canadian BCSC warning its residents not to trade with LimeFX broker since it has no authority to provide financial services in Canada. It takes just $100 to open a Micro account, increasing to $2,500 for a Premium account and $20,000 for a VIP account. Well-documented account subheadings outline fee schedules and side-by-side comparisons for floating vs. fixed, commission vs. no commission, and dealing desk vs. direct interbank trading. All withdrawals incur fees that vary among credit cards, electronic tellers, and bank transfers/locations. LimeFX Academy provides impressive educational features for smaller and less-skilled traders. The portal would benefit from more advanced topics but the narrow focus on newer traders makes sense as a marketing tool.
According to my trading history, about 90% of the time, you’ll encounter this problem. I’ve been using LimeFX for about one month, account type is “Zero Spread”. Every time support was contacted, one different reason was given to justify the ” delay “.
The experiences about customer service, deposit, withdraw are not so efficient. For example, you need to wait for several hours when using credit card deposit. I ran the account up about 60% over 7 months, and then was able to withdraw the money fairly easily. They needed an additional document which I provided, and I got the money in my account via bank transfer in 2 days which I believe is completely fine. Let other traders know if this service is worth checking or should be avoided.