LimeFx review 2023: Is it a scam or not? ++ Broker test

It also offers cross-border wire transfers, online payments and refillable debit cards services. Depositing money onto the LimeFx trading platform is simple. You simply have to finish a single-user limefx reviews profile questionnaire to start depositing money into your trading account. You will need to provide an identity evidence and evidence of residency to deposit substantial amounts.

LimeFx broker reviews

What’s more, LimeFx also protects you from unexpected losses, something that leverage is notorious for. If your account hits zero and starts to go into negative balance, negative balance protection will automatically close out the position and saves you from too grave losses. Alongside MT4, LimeFx also features its own WebTrader, which also shares the same platform like MT4. Therefore, regardless of which platform you choose for your trades, you’ll be able to make the most of LimeFx’s trading features. Upon the first inspection of LimeFx and its trading platform, we came to realize that there are quite a few beneficial offerings in it.

Which Countries do LimeFx support?

It supports over 5,000+ registered users and over 4 years of experience on its record. They are one of the world’s top trading platforms and a prominent figure in the Fintech revolution. Aside from trading fees, online brokers also bill non-trading fees.

  • LimeFx offers traders the award-winning MetaTrader 4 platform developed by MetaQuotes Software Corp.
  • We verify and compare brokerage companies and warn our readers about suspicious projects or scam marketing campaigns.
  • We actively trade, publish educational articles and news.
  • Once you have read this review, you will learn the truth about it.
  • Arguably the most important thing you need to make sure of when choosing a certain brokerage is how reliable it is.

With a digital LimeFxdemo account, you are able to experiment at all, to whatever length you desire. You might even start positions, examine different trading approaches, and much more. The LimeFx phone support team were able to successfully address our queries and problems on the phone. We tested the multi-lingual LimeFx team by calling in varying languages.

Is LimeFx a trustworthy broker?

LimeFx charges a withdrawal fee if you make a bank transfer. Each time you transfer money into your bank account, these withdrawal charges become applicable. The first kind of charges to look out for are trading fees. When you make an actual trade, like purchasing a stock or an ETF, you’re charged trading charges. In these instances, you’re spending a spread, financing speed, or even a commission. The kinds of trading fees and the prices vary from broker to broker.

LimeFx broker reviews

The two primary commission types you’ll get with LimeFx are spreads and round turn lot fees. As we’ve discovered in the FAQ section, LimeFx charges spreads that go as low as 0.1 pips, whereas the average markups revolve around 0.3 pips, which is still quite affordable. Withdrawals are completely free and the support team are looking at withdrawal requests hourly to get them processed as quickly as possible.

Trading with LimeFx: What has the platform to offer?

With that being said, client funds aren’t backed or insured by any governing body or authority which means they are completely at risk. Trading Forex, CFD, Binary Options, and other financial instruments carries a high risk of loss and is not suitable for all investors. The information and videos are not an LimeFx recommendation and serve to clarify the market mechanisms. The texts on this page are not an LimeFx recommendation. Even though LimeFx is still relatively new to the online brokerage business, they have risen in recognition and become successful in their own right. They made a name for themselves for having a user-friendly site and the most effective means to earn money from online trading.

It seems as though you used a wrong trade ID which is not BTCUSD, and therefore we weren’t able to find the trade you are referring to. Our customer support team has proceeded to get in touch with you to get some more information, in order to be able to help you further. I have always found the broker to be prompt and polite in their responses, and appreciate how they are happy to answer all general, technical or account related questions. They treat all customers with the upmost esteem regardless of their experience level or size of LimeFx.

I always like to check the latest market news before making any trade decision. It is not nice to get caught on the wrong side of a major economic event. Of course, the calendar cannot account for unexpected news releases, or black swan events as they are known.

In October 2019, the company launched a service aimed for small and medium-sized businesses to send payments anywhere in the world quickly and cheaply. Yes, LimeFx accepts bank transfers for depositing money. They are regulated by Unregulated and must adhere to their rules. You’ll discover the clean design of this platform along with the commendable features that are pleasant to work with. However, due to regulations LimeFx can’t accept clients from Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America. If you wish to further protect your account, it is possible to enable Two-Step Verification also.

Who Are LimeFx?

LimeFx has a consumer rating of 4.05 stars from 20 reviews indicating that most customers are generally satisfied with their purchases. Consumers satisfied with LimeFx most frequently mention crypto pairs.LimeFx ranks 24th among Personal Finance sites. Stay up to date with the financial markets everywhere you go. Therefore, we can easily recommend LimeFx and its trading platform to your readers.

However, this doesn’t necessarily mean that Eagle FX is a scam broker. As we’ll further explore, it offers high-powered fund protection mechanisms that ensure your stability and safety in the market. Besides, LimeFx still features comprehensive educational materials, as well as anti-money laundering schemes, that have always been characteristic to regulated brokers. Most forex brokers are regulated by governing bodies which impose strict rules and regulations on them. These rules keep the broker and most importantly, the clients safe from a number of different potential risks.

After providing the initial deposit, then you can begin trading. Regarding technical indicators, they refer to the collection of market data that happened in the past. Traders utilize this info for technical analysis to foretell trends in the forex market. They demonstrate if a particular trend is strengthening or weakening. We have over nine years of experience and have made an exhaustive examination of the platform and the services it provides.

When I signed up, the phone verification was not automated so a representative had to give me call. Although not being phone verified did not affect my ability of trading right away. Overall very happy with the service I’m getting and am happy to stay with them going forwards.

Does LimeFx accept Neteller?

Because there is a lot of money moving around the world, LimeFx has to be careful that they don’t breach any money laundering laws and part of that is know as KYC . This means that at all times, LimeFx must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law. But, non-trading fees charged by LimeFx are relatively higher. Consequently, you’re charged more for non-trading actions in your trading accounts, like deposits and withdrawal.

I’m now bankrupt and Mutuelbnunion is still demanding more more fees, that I don’t have. Not only is Mutuelbnunion demanding more fees but is also threatening to put my money into “money laundering” crime. I guess this is what can happen with an unregulated broker. The LimeFx trading platform has an abundance of useful trading tools built in.

This alone does not mean it is a scam, but you should be even more careful with such a provider than with a regulated broker. In order to be sure that LimeFx is not a scam, read our trader reviews and check other popular trading related websites and forums. The source of this information is the website and the broker’s trading platform listed in the Web section of this review. Please verify whether the broker is authorized to provide its services in your country of residence in accordance with the legal regulations that apply to its business.

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