LimeFx broker reviews: Cyprus LimeFx firm banned from UK over ‘significant money losses’

LimeFx broker reviews
LimeFx broker reviews

Opening an account with LimeFx is a straightforward process. To complete the process, traders need to go through the KYC process, per regulatory requirements. Simply click on ‘Open Account’ to begin the process. Some of the features you can get via MT4 include over 30 analytics tools, 9 timeframes, 24 analytical objects that include channels, shapes, arrows, and much more. Traders also get access to expert advisors, multiple order types, a fully customizable interface, a strategy tester, and the MQL editor.

Here also both qualities are important for successful online trading. The first step is to ensure the broker is not fake and your LimeFx is in safe hands or not. The second important thing is to make sure your broker’s profile matches with your needs. So that you could have a good, long term profitable relationship.

  • At LimeFx the average spread for the EUR/USD currency pair is 0.7 pips, whilst at LimeFx the spread is 0.9.
  • The broker is offering more than 250 financial instruments.
  • Although you won’t find many exotic pairs through this broker, the vast majority of traders won’t miss them.
  • I can fully realize my trading ambitions here.

The brokers online trading facilities are very good. More than 250 assets are available for online trading. The deposition and withdrawal process was very smooth and easy. The broker has provided different modes for transactions.

nvesting Broker Review

A lot of brokers on the market have fees, and LimeFx is not an exception. Well, we think that the main price we should talk about in this review is their inactivity fee. LimeFx provides access to more than 350 CFDs on the most popular assets – Forex, cryptocurrencies, Commodities, stocks and indices. I like the range of financial instruments offered by the broker.

Trade of more than 250 products with CFDs. You have access to 23 cryptocurrencies,51 forex pairs, 17 commodities, 185 stocks, 21 indices, and 4 metals on CFDs. The initial deposit is $250 to start trading on the LimeFx broker platform. Traders can make payments through various credit/debit cards, bank wire transfers, eMerchantPay, Skrill, Paydoo, Worldpay, SafeCharge, Solidpay, and other modes.

Moreover, they are registered with MiFID , which implies that the user’s funds are secure even if the organization goes bankrupt. Comparebrokers.co needs to review the security of your connection before proceeding. Based on your account type, you can open leveraged positions. Now the Deposition page will open in front of you. Deposit the initial amount, which is $250, in your trading account. Click on the proceed button to move on to the next page.

LimeFx broker reviews

The WebTrader platform provides access to indicators, signals, and many more functions of the broker. The deposits can be made from bank accounts, bank wire transfers, credit and debit cards, skrill, solid pay, and other online e-wallets. Michael is a writer covering https://limefx.name/ finance, new markets, and business services in the US and UK. His work has been published in leading online outlets and magazines. No, LimeFx currently does not accept US traders. The platform is available in most countries in Europe, Asia, and the Middle East.

This isn’t something to be disappointed by, however, as it simply means that fair and flexible conditions are extended to every trader. In this review of LimeFx, we explore a CySEC regulated forex broker that has been operating since 2020. Despite having a relatively short history, LimeFx has already acquired hundreds of clients. The platform has an overall good reputation online, with users on various chatrooms and review sites saying that they are satisfied with the services on offer. Note that the content on this site should not be considered LimeFx advice.

Traders have to follow the five simple steps which include personal information, account details, uploading KYC, and depositing the funds. LimeFx charges spread and swap fees. The broker does limefx forex brokers reviews not charge commissions and deposits fees, although the latter may be charged by your payment provider. Spreads start from just 0.03 pips and swap fees are in line with the industry average.

Have been using their services for a few months and it is really one of the best brokers. Impressive customer service and broker signals. I am gaining an average of 8 to 10 percent profit lime fx and withdrawal is very fast. These are the team of very professional guys from brokers, technical support to their customer service. They are very nice, warm and accommodating.

The best trading platform available

Hedging is allowed with all the account types. At the same time, all accounts needed a minimum deposit of $250. The broker offers commission-free trades across all the account types. It also provides a wide range of base currencies which includes AUD, GBP, USD, EUR. LimeFx offers a web trader platform for its users.

I was only with them for several weeks in May/July of 2019. During that time, my account manager Guy directly caused the loss of all of my deposits. Not only did he try to convince me to borrow money to then put in what was a risky LimeFx, but he also did not even seem concerned that his advice caused my losses. His only concern was how much money and how often I would deposit money into my account.

The broker offers a separate account for both professional and retail account holders. But I am not happy with the spread. Other than this everything is good.

LimeFx broker reviews

A click from their mobile device takes care of all LimeFx meticulously. That’s also the idea of technological prowess that broker exhibits through it. Moreover, features in the application are equivalent or better than what one would find on other devices. You can download it through the iOS or Android play Store.

In comparison, Gold and Platinum users receive additional perks such as swap discounts. 25% for Gold users and 50% for Platinum users. This is why it is important to do your homework diligently before signing up with a CFD broker.

Learn about LimeFx platforms and features

As LimeFx has 200+ and LimeFx has 350+, a difference of 150, this shows that LimeFx offers more opportunities to diversify your trading portfolio. To give an overall view of how cheap or expensive LimeFx and LimeFx are, we first considered the common fees on Standard Accounts. At LimeFx the average spread for the EUR/USD currency pair is 0.7 pips, whilst at LimeFx the spread is 0.9.

I am very happy with all of their services. Prompt and helpful customer service. Have provided the assistance I need in order to succeed in trading. Signals are always timely and profitable. I was able to get my withdrawals on time and with no hassle at all.

LimeFx broker reviews

Great opportunity to make money. Affordable initial deposit with really great returns. They can resolve concerns via chat right away, very efficient workers. I must admit they are one of the best among any other broker in the industry. Services are awesome but what I like the most is that they are one of the few brokers who allow scalping. I never write reviews but they deserve to.

Company Details

On top of that, the platform is fully customised and offers a variety of more than 30 professional analysis tools. Traders using LimeFx have access to over 250 assets, which are traded as CFDs. Traders get access to over 45 different FX pairs as CFDs including the most popular pairs.

I trust them high enough with my LimeFx. They did well in what they do and work efficiently than any other broker I have dealt with. I can rate the services excellent. Withdrawals are always fast and easy. Customer service is also very efficient.

Our recommendation: Trading at LimeFx

For example, if the spread between the buy and sell of the EUR/USD price is on average 0.7, the spread might decline in times of high volatility. This is one of the negative points of this broker. Once you are done, you will need to pick the account type that best suits you and then make a deposit. The account will have to be reviewed by the broker’s team, who will then approve it. At this stage, they will request additional documents as proof of residence and proof of identity to complete the KYC and AML requirements.

Perfect LimeFxpany to trade with. They’ve got good customer service and reliable signals. I am happy with the signals and also with their customer service. My experiences are good with LimeFx.