LimeFx Review 2023: Is It a Legit Forex Broker?
Their support team is almost useless, just keep on telling me the same thing, that they are already processing my request. I have been actively trading stocks and currencies since February 2021. Actually, I am not only engaged in personal income trading, limefx but also trying to increase the well-being of my company. The big advantage of this broker in my opinion is that the minimum deposit is $0, which helped me a lot as a beginner in trading. With a calm soul, I can recommend it to traders of all stripes.
The disadvantages include the commission for deposits and withdrawals, the limited number of assets available on each platform, and the lack of high-frequency trading instruments. https://limefx.group/ There are also many trading conditions that can meet the needs of each trader, for example, spreads and leverage. The broker in question is a responsible partner for its clients.
There are several trading accounts available at LimeFx, but some accounts have a low fixed commission, such as Raw Spread and Zero accounts. Each of them has its own advantages and each of them has its commission per lot/side. While there are Raw Spread and Zero accounts with commission fees, there is a Pro account, which has no trading commission. What’s more, there is a Standart account, which is the most popular and it fits all types of traders. There are various payment methods available on the LimeFx trading platform, so the trader will never face any issues as to the payment options.
The broker keeps a neat website which is easily navigated and user-friendly. Available for iOS and Android, the LimeFx Trader app provides access to over 200 instruments. The app has a user friendly interface designed specifically for beginners.
Trading signals by Trading Central are also available within the personal area in a section called Analyst Views. Here you can select the market that you would like to view, including forex, stocks, indices and commodities. The analysis draws from technical data such as ‘The MACD is below its signal line and positive’.
I emmidiately wetdrew the rest of my funds which i hope i will get. LimeFx offers a high-quality customer support team that solves all their clients’ issues in a jiffy. Customers facing any trading-related problems can contact the customer service over the phone, live chat, call back service, or email. Though the website content is available in 14 different languages, the customer support offers 24/7 service only in English, Thai, and Chinese.
The LimeFx customer support is very forthcoming and will help you with any issues you might encounter. The support team is available around the clock via e-mail, phone, and live chat. The broker certainly makes up for the lack of bonuses with its withdrawal policy.
Lastly, I can count on their customer service staff. They’re professional, and know what they have to do. This is clear from some of the feedback that the company has received on Forex brokers review blogs. Their customer support staff actually takes time to resolve problems, reading the feedback and addressing the complainant’s concerns. The LimeFx broker has shown its strength and reliability throughout the years, and we definitely respect their way of servicing traders and positively rate this broker. Tools are useful for making decisions, whether it’s worth trading with at this moment or not.
What’s more, all of the mentioned licenses have their own web-sites which even give us additional information about them. Also, it is one of the significant aspects that 2 of the regulators are considered some of the best financial agencies in Forex. So, it seems that these licenses are trustworthy for many brokers.
Most importantly, LimeFx has partnered with TradingCentral to offer up-to-date well-researched technical analysis pieces. Still, we recommend that traders do their own research. Other assets have different spreads on the standard account.
LimeFx quotes All quotes LimeFx
Normally, if any broker wants to make changes to leverage, they have to inform traders about so and so time they are going to reduce, so fund your account if it’s in low margin. I was trading Gold with profit, had a stop loss in place. We have found that LimeFx UK and EU entities based in Cyprus no longer offers trading services and accept new clients. LimeFx for now operates its newly opened branch in South Africa authorized by FSCA and via international subsidiary in offshore Seychelles. Security of traders’ accounts is of vital importance to the broker. To provide utmost security to the users, LimeFx has implemented a 2-factor authentication protocol to protect login details.
- Please take note that not all payment options will be available depending on where you live.
- We have given a comprehensive overview with complete research to determine if this is what you are looking for based on your priorities.
- They’re professional, and know what they have to do.
LimeFx has no minimum deposit but there are minimums of at least $10 which are imposed by every available payment method except one. The company rewards its customers who successfully invite paying customers to its platform. At the time of writing, LimeFx did not have a sign-up bonus. This is out of choice since its regulators don’t have a problem with bonuses.
LimeFx Trading Platforms (Include LimeFx Options Trading)
There is some kind of bonuses which provide LimeFx to take and we will see it after LimeFx Forex Broker review. Here are statistics, which show the data for 2020. In December we see, that LimeFx hit the record number of clients.
Check out my review below to discover whether LimeFx can be a good choice as your Forex broker. Because of this hidden policy I have already lost 5 accounts same time, in middle of the night. You heard me right, they reduce leverage to any calculations, when it’s news time, roll over time, or weekends.
The broker offers the MT4, as well as the MT4 Web Terminal, and the latest MQ edition- Meta Trader 5. The MT5 has a greater capacity to integrate more markets which are unavailable with the MT4. But the biggest difference between the two versions is the design and layout whereby the MT5 has bigger icons and is more flexible. Other features are more or less the same, except that MT5 does not allow hedging and will cancel all hedged positions. A big shot as LimeFx also provides the corresponding LimeFx mobile apps for all three platform versions, which meanwhile, became mandatory if brokers want to offer a full-service package. There is no excuse good enough to justify the lack of a mobile trading app, and brokers are aware of that.
Drawing parallels with stockbrokers, this one is no worse. Using seminars and FX analytics, it turned out that from January 1, 2017, you can get up to 40% of the profit. The market, of course, is different, but if there is a good broker and a profitable system, then the result is guaranteed. In addition, trading signals from a broker can also be a good support for reinsurance of risks from one’s own inexperience. Their services like deposit and withdrawal, customer services and everything for Indian customers is superb. I special thank to company’s owner to provide local payment system for Indian…
LimeFx Alternative Brokers & Comparisons
In summary, I found that LimeFx has a relatively complex pricing structure compared to other brokers. This means that as a prospective customer, you need to first do a comprehensive review of the broker’s various packages to see the one that suits your style. On the standard account, the EUR/USD has an average spread of 1 pip while the USD/CAD has an average spread of 2.2 pips. For one, it helps to ensure that the broker you are dealing with is supervised by a credible agency. It is also an important way to prevent dealing with online Forex scams.
Once all the paperwork is done, an auto-generated email will be sent on behalf of LimeFx to the trader’s email inbox to confirm that his account is active. This password he will need to feed in every time he logs in to his account number on the LimeFx platform. According to this review, LimeFx () is outwardly legit and there is no room to doubt it as a scam.
However, The MetaTrader 4 and MetaTrader 5 terminals are supported by LimeFx. The platforms are also available for mobile devices. Traders can download mobile apps from both the play store app store. All LimeFx platforms are available with advanced features such as one-click trading, live news streaming, up to 4 pending orders, and so forth. LimeFx allows withdrawals using the deposit options mentioned above. The company does not charge any money to deposit and withdraw funds.
The videos are offered in English, Arabic, Thai, Bahasa and Vietnamese. I found the video content to be well-done and very useful, especially for beginners. LimeFx is regulated by seven regulators, including the UK’s Financial Conduct Authority and the Financial Services Commission. The company decided to exit the EU and the European Economic Area countries in 2019.