LimeFx Broker Review Is LimeFx Broker a Scam or Legit Forex?

Posted on 25 septembre 202018 juillet 2023 by contact

In addition, 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. The biggest 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. No, LimeFx International does not offer a sign-up Deposit Bonus for new traders. LimeFx International does offer a Refer-a-Friend; invite your friends to register an account and you can earn a bonus amount of $50 each.

A notable positive is that the trading spreads are very competitive, close to zero, across all markets. Trading fees are also considered very attractive and most importantly, transparent. LimeFx offers support for MT4 – the most popular trading platform globally – and MT5 – the latest version of the industry standard. In addition to the desktop applications, LimeFx also offers MT4 and MT5 WebTerminal, which are browser-based versions of the platforms, along with mobile and tablet versions of both iterations.

Unfortunately, LimeFx International does not accept clients at the moment. LimeFx’s economic calendar provides information on current and future events, consensus, and more. The broker was founded in Mauritius in 1998 and is owned by Mauritius-based Exinity Group, which also owns LimeFx.

Marketing Strategy

LimeFx International has more potential than what it presently offers but remains a competitive choice for many retail traders, nonetheless. Forex traders have access to 60 currency pairs, placing LimeFx International in the middle of the competition. Eight commodities and four cryptocurrency CFDs provide below-average exposure to both https://limefx.name/ sectors. The below-average trend repeats with only ten equity and eleven index CFDs. LimeFx International also offers an unspecified number of direct stock trading on instruments listed on the New York Stock Exchange (NYSE) and the NASDAQ stock market. The overall asset selection at LimeFx International remains broadly uncompetitive.

One lot is allowed on Micro accounts, 30 lots on Standard accounts, 50 lots on ECN accounts, and the maximum trade size top out at 250 lots on the ECN Pro account. Margin call and stop out levels also differ on each account type and are listed below. Traders need to understand and remember that CFDs are leveraged, complex products that may be accompanied by the risk of incurring losses that may exceed the initial deposit of the trader. Traders need to ensure that they understand their risk exposure and determine whether the risk involved is suited to them before making trading decisions that could result in loss of capital.

To open a trading account with LimeFx, individuals can sign up on the LimeFx website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts. It’s essential to remember that the payment methods provided by LimeFx vary based on the LimeFx entity and the LimeFx client’s country of residence. To view the LimeFx payment options available, you can log into your LimeFx member’s area. Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.

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LimeFx offers six live accounts, which is more than most other brokers, and its accounts are suitable for beginners and more experienced traders. Yes, LimeFx provides several promotional offers or bonuses to new or existing clients to give their trading an extra kick. Traders are rewarded for loyalty in a way that has real value and gives them more reasons to trade. This comprises a refer-a-friend promotion as well as a Cashback Program from which traders can receive the pay-outs (no points, vouchers, or discounts) weekly, which lowers the overall trading costs. Yes, according to this Forex Suggest review, LimeFx is a good broker for security, reliability, trading speed, online support, and offering of cryptocurrencies.

The Financial Commission acts as a neutral third party and helps settle disputes between clients and their financial services providers. Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

Alternative Brokers

MT4 is supported on both web-based platforms and mobile devices and it is extremely comfortable for any trader to trade on the go. Like most brokers, LimeFx offers a demo account where you can try trading without risk. LimeFx offers a wide range of deposit and withdrawal options, depending on your country and region. As we can see, for Latin American clients, no fees are charged for withdrawals via skrill, which usually take 1-2 business days to arrive. LimeFx minimum deposit amount starting from $5 and moves on further from 20$ and 500$ respectively for ECN accounts, which is quite a good Proposal overall.

Forex and CFDs are complex instruments, and trading these instruments come with a high-risk warning. Trading forex and CFDs involves a high risk of losing money rapidly due to leverage and margin. You need to understand how forex trading works and decide whether you can afford to take the risk of losing money on trade orders that do not go your way. Yes, LimeFx International offers an easy-to-use mobile app for the MT4 and MT5 trading platforms. MetaTrader is a pioneer electronic trading platform developed by MetaQuotes Software. Since 2002, MetaQuotes Software has released several software applications for trading, but the company hit the jackpot with MT4.

There are some countries where residents are restricted from holding an account with LimeFx, one of which is the United States. Discover how I went from a retired software engineer to the online business of my dreams. After being scammed over and over again, I found a simple proven system that actually delivers on its promise. The Commissions and Fees are completely dependent on the account type.

Withdrawal Methods & Costs

Here you can get acquainted with the company’s current bonuses and contests, as well as choose a convenient platform for trading. And this is only part of what the broker is ready to offer you with almost twenty limefx scam years of experience. Just like other cryptocurrency trading platforms, LimeFx International offers the standard demo account. In addition to this, the brokers also provide four account types that use real money.

• Given the popularity of additional income streams, there is strong competition among Strategy Managers which works to the benefit of those taking signals.
• The FSCA aims to enhance and support the efficiency and integrity of financial markets and to protect financial customers by promoting their fair treatment by financial institutions.
• Another point of appreciation is the collection of trading instruments offered at LimeFx.
• The number of payment options is possibly the most extensive in the sector.

It makes no difference which device you use because there are versions for PC, Android, and iOS devices that allow you to earn from anywhere. Before you can request any withdrawal of account funds or balance, your account must be verified with LimeFx. At LimeFx, you can withdraw your profit using the following methods; Bank Transfer (24 hours), Credit/Debit Cards ($3 transaction fee), and E-Wallet Withdrawal via Neteller, Skrill, or WebMoney. LimeFx offers an ECN account that allows you to have a more transparent, flexible, and efficient trading experience than ever before. LimeFx uses SSL encryption in its PC and mobile platforms to protect its clients’ personal information.

A market maker speeds up trading as a market maker will purchase or sell your stocks and commodities even if a buyer or seller is not lined up. You can trade a wide variety of instruments with LimeFx
over 50 instruments in fact. This means LimeFx are supervised by and is checked for conduct by the Financial Services Authority (FSA) Saint Vincent and the Grenadines regulatory bodies. Overall, LimeFx can be summarised as a safe broker that is fully regulated by the Financial Services Commission in the Republic of Mauritius.

The courses will teach not only the basics of Forex but also different methods of analysis that will give some unique insights, how to avoid common pitfalls and minimize your losses. 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. LimeFx International is trading brand of Exinity Group which is licensed and regulated by the Financial Services Commission (FSC) of the Republic of Mauritius. This means that the Financial Services Authority (FSA) of Saint Vincent and the Grenadines regulates LimeFx and oversees its operations.

A good broker always makes it simple for traders to deposit/withdraw money. This is exactly what “LimeFx Broker” did, and you can follow the instructions below to deposit/withdraw your money (If you’re a newbie). For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker.

You are provided with the opportunity to either become signal providers or to copy signals from other traders. You can choose from different traders and strategies that you would like to copy. I have to reiterate that past performance is by no means guarantee of future performance. LimeFx is a large international broker with a long history in the industry. Though there is little educational material currently available and analysis is thin, the trading conditions and account options are second to none. This is backed up by excellent and responsive customer support and support for the industry-leading MT4 and MT5 platforms.

The account opening process usually takes a few minutes to complete, and you can start exploring the LimeFx platform and features immediately. However, you must pass the verification process to start live trading with LimeFx, which can take up to a few business days. It’s essential to take the time to learn about the financial markets and understand how they move before diving into trading with LimeFx. Familiarizing yourself with the LimeFx trading platform is crucial to use it effectively.

This broker advertises 250 plus instruments as being available for trading, but the number and type of available assets actually depend on the account type one is using. We mentioned this earlier, but allow us to provide a quick recap below. Both of the MetaTrader platforms, MT4 and MT5 can both be accessed using the MetaTrader App, which can be downloaded for no charge on both Android and iPhone. They can also be accessed using the WebTrader version of the MT product range, which requires little more than an internet browser to allow access to the markets.