Is LimeFX A Good Broker?

In the tale we compare Standard spread conditions, while Pro accounts are based on a commission of 2 per side and interbank spreads from 0 pips. There are 3 main Account types in LimeFX’s proposal, where you can choose either account based on spread only Classic Account or with commission per trade Pro Account. The third account is designed for high-volume traders and is named VIP Account where conditions are tailored and defined as per agreement. One of the last important points in this review is trader support and service. LimeFX offers support in more than 10 different languages . From our experience, the broker employs international employees who exclusively look after every customer.

Lastly, LimeFX offers different trading options like leverage, which helps increase profits. When i trade with this company i noticed there are clear differences between their demo account and Live one this mean even if you try use safest profitable EA you will lose your money …. And if your professional scalper you will lose …. All this because they are manipulating much times with candles shape this will result in fault decision ( Sell .. Buy ) … And this mean that indicators will give you wrong and faked signals So i advise peoples not to trade with this broker even if they claimed that they will give you the lowest spread …

Choose your quick section of our Deriv Minimum Deposit below. LimeFX is an online FX/CFD provider, launched in 2014, which currently offers services in an impressive number of countries as a fully regulated brokerage. LimeFX is a Forex broker established in 2015 in Seychelles. The broker brings together a team of professional traders whose experience in this field has started off back in the 80s, therefore, the new clients of LimeFX are already in good hands.

LimeFX: Account Types

Reportscam.net is committed to the fair handling of reviews and posts regardless of such relations. And then there’s the CySEC license as some sort of cherry topping as it’s also a very strong licensing material from within the EU. In short, all three of the licenses make sure that the broker abides by the strictest financial rules. Moving on, let’s talk about how legit the broker is based on its licensing materials. As we have already mentioned earlier, there are three separate regulatory pieces that monitor and even direct the broker’s financial activities, and all of them are pretty significant. But it doesn’t mean that you have no means of distinguishing legitimate brokers from fraudulent ones.

• Moreover, the news section has multiple articles covering topics regarding the market.
• Clients can benefit from watching webinars hosted by LimeFX’s team of expert analysts.
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Assistance from the customer service team is rarely required at a well-operated brokerage, though if an emergency arises, it is comforting to know that one stands ready to assist. Eleven experts provide excellent coverage of financial markets, representing the most beneficial asset of LimeFX’s retail operations. The quality service issue is of great importance for the company. So the broker swing trading strategies offers for trading the terminal Metatrader 4, tested by millions of traders, securing the stable trade, which got positive references from the company customers. Traders recommend the broker, point the company as one of the main lowcosters of trading, which also describes it positive. Please note also that there is a company representative working on negative feedback, he is inactive though.

The Ultimate Platforms

LimeFX’s account setup strikes an excellent balance between being accommodating to budget users and high spenders. As we’ve already mentioned, we think quite highly of the security that LimeFX provides, and it’s time to elaborate why. First of all, they hold a substantial five regulator licenses, which is more than nearly all other online brokers. LimeFX UK is regulated by the Financial Conduct Authority .

Also, a 0.5% maker and taker fee is applied to all trades. Trade 62 currency pairs, including the majors, minors and exotics, with ultra-low spreads and fast execution. Additionally, Islamic or Swap-Free Account, been added to the broker features recently too. These accounts comply with the Sharia law, which has exactly the same trading conditions and terms, but there is no swap or rollover interest on overnight positions, that is against the faith. International traders since LimeFX serves entity through Seychelles and other entity as well, so the clients with the opened account under this jurisdiction may enjoy high level of leverage.

We go beyond the quantities or amounts to make a real and measurable review that is based not just on the pros but also on the cons. LimeFX is considered high-risk, with an overall Trust Finance Score of 61 out of 99. LimeFX is not publicly traded and does not operate a bank. LimeFX is authorised by zero tier-1 regulators , one tier-2 regulator , and zero tier-3 regulators .

LimeFX Vs Binomo

As mentioned above you can rent a VPS server very cheaply. In connection with the Metatrader 4 it works without problems and the setup is very simple. Program automatic programs for your trading or use provided trading systems.

This broker fails to provide which MT4 bridge is deployed, suggesting a market maker model across all account types. The 62 currency pairs provide Forex traders with adequate trading opportunities. LimeFX is primarily a Forex broker, as evident in its asset selection. With 62 currency pairs available, currency traders have elevated exposure to their core market. Those seeking proper cross-asset diversification may be disappointed; the asset selection at this broker is comprised of nine index CFDs, three commodities, and four bond CFDs. It is a high degree of risk to trade securities and derivatives.

Is LimeFX Available In My Language?

He loves analysing and trading the markets as a strategist and trader. In late 2019, Jimmy turned to researching and analysing forex brokers. Now he and his team focus researching and comparing broker’s pros and cons. He loves analyzing and trading the markets as a strategist and trader.

But the trading conditions are quite good and there are no added commissions. For example, the average spread in the UK100 is only 0.9 points. There is also no inactivity fee, but accounts that have been inactive for more than a year and have an account balance of less than €10 may be closed by the broker. LimeFX Review: Is forex broker LimeFX Scam or Not? I’m using LimeFX since 2018, Very low spread, fast execution, Quick and professional customer support. Although the minimum deposit is a bit higher than what other brokers require, it is worth the money and time because the return is great. I am able to gain a huge profit in a matter of a few weeks.

Other unique selling points are the ultra-fast execution offered, as well as the fact that the broker allows all trading strategies. Coupled with the unrestricted use of EAs, this is indeed quite an asset. Help future customers by talking about customer service, price, delivery, returns & refunds. The last point of this section is trading software. Instead of going all fancy and offering proprietary trading software, LimeFX chose a safer and more trustworthy route and gone with MetaTrader 4. MT4 is a well-tested and widely-used platform that has proven to be the most effective software across the board.

Platform is also slow at times, and customer service is a little useless. I’ve only been here 2 months, and I feel like I’m leaving anytime soon. It is, therefore, of utmost importance that you understand how CFDs work and whether you can afford to take the risk to let their accounts lose money. It is always advisable to risk capital as per your high risk capacity to lose money, budget, and trading experience. Therefore, we will give a green signal to this broker.

The market has a high risk of losing money rapidly due to leverage. LimeFX offers three categories that a user can choose from on this website. LimeFX offers the MT4 and MT4 WebTrader trading currency platforms.

I am very impressed with Cryptonest platform. I’d invested in a couple of index few years ago and I can boldly attest that their Investment packages have given me more than I ever wanted. Asides profit making, the user-interface and customer service are far better than other platforms I have tried in the past. As an aspiring millionaire, I value my time and money above all else.

For withdraw on local payment option, only ‘ india instant payment ‘ option and ” smart india pay” only these are available, and the exchange rate is worst. Not only is LimeFX doing money laundering with client’s money, but they also steal those money with bad exchange rate for withdraw, but for deposits everything goes smooth. Trading Forex, CFD, Binary Options, and other financial instruments carries a high risk of loss and is not suitable for all investors.

Is LimeFX Regulated?

Most consumers will read a review before making purchases on eCommerce platforms. It is perhaps even more important to do a careful check on brokers before signing up for their services. When you sign a contract with a broker and deposit your money for trading, you are giving them your trust. Do not sign up with a broker until you are certain this type of trust is warranted.

The educational hub contains tutorials and helpful information on how to use LimeFX. There are dozens of articles about trading charts, leverage trading, futures, and more. Moreover, the news section has multiple articles covering topics regarding the market. Here you can learn useful insights and make more informed decisions when trading.

For instance, when seeing that one of the main regulators of LimeFX is the UK’s Financial Conduct Authority, all the LimeFX scam suspicions or suggestions are instantly dissipated for us. There’s just no way of being a scam and having this level of regulatory oversight monitoring your activities. Next up, we will take a look at the broker’s licensing material. This is the part that actually reveals a lot about the broker’s code of conduct and its legitimacy issues. LimeFX is licensed and regulated by some of the most reputable authorities in different parts of the world hence its global reach. The $30 welcome account bonus without having to make a deposit.

LimeFX has a wide range of services that can provide trading ideas, such as Autochartist, a chart pattern recognition tool. On the flip side, the news feed is basic and the charting tools have outdated design. We ranked LimeFX’s fee levels as low, average or high based on how they compare to 150 brokers that we recalled their live account spread in our database.