LimeFX Review 2022

In our broker reviews, we discuss trading products, such as stocks, commodities, ETFs, forex, options, CFDs, bonds, indices, and cryptocurrencies. Some brokers may offer a wide selection LimeFX review – Scam or legit forex broker? of trading products, whereas others may focus on one area, such as forex. Keep in mind that some types of trading, such as CFDs may be restricted in certain countries.

LimeFX scam

When it comes to legitimate brokers and their commissions, fees, and spreads, every potential client has to ask themselves what they are comfortable with. Though this is not a common fee, it is created to make sure that traders that register are committed. Too many traders register on dozens of platforms only to move on to the next one without any activity. LimeFX makes sure that the people that register with them take trading seriously. No, LimeFX does not offer a trading bonus as this is against the company’s policies and prohibited under the applicable regulations. Our reviewers were happy to find that LimeFX respects these rules and, instead, offers accessible trading services.

It provides the education material on its website in order to enable traders to enhance their trading skills. The minimum deposit at LimeFX is just 250 USD or currency equivalent. With this broker, you can deposit via credit or debit card, Solidpay, Paydoo, Worldpay, or bank transfer. Or currency equivalent, no matter which account type you wish to open. You should be aware of inactivity fees, which begin after 61 days of inactivity and can be a little hefty. While these fees are higher than many of LimeFX’s competitors, our reviewers found they are easy to avoid.

Account Types For Different Types Of Traders

You should consider whether you can afford to take the risk of losing your money. Funds can be deposited into a trading account via credit and debit cards, bank wire transfer, and eMerchantPay, Skrill, SafeCharge, and others. As you review LimeFX forex broker’s account types, you will notice that there are three live retail accounts plus a professional account. All accounts, both retail and professional, have negative balance protection. Below you can find overviews of each account type so that you can pick the best one for you with ease. LimeFX offers access on trading platforms suitable for different types of traders.

You’ll also receive a swap discount of 25% and a dedicated account manager. 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.

  • It provides the education material on its website in order to enable traders to enhance their trading skills.
  • WebTrader is a trading platform that allows traders to access markets from their web browsers in just a few clicks.
  • Our review of LimeFX found that the broker does not offer you any promotions or bonuses when you open an account.
  • This is an established and award-winning trading platform that works on desktop and mobile.

Your funds will only ever be held in accounts with first-class global banking institutions, and the broker cannot use them for operational purposes. CySEC is considered to be a tier-one regulator, thanks to its stringent approach. This means that, when you trade with LimeFX, you can rest assured that the company has followed strict guidelines. For further peace of mind, the company is a member of the Investor Compensation Fund. The ICF compensates covered clients, up to 20,000 EUR, should the broker fail to fulfill its obligations. This factor, however, requires close attention because it is often the area where people can be taken in by broker scams.

Nvesting Regulation And Licenses

Keep in mind that proprietary platforms are only as good as the brokers that develop them. Many proprietary platforms from high-quality brokers can provide an excellent trading experience. However, if fees are the main way the broker is making money, that is often, Initial public offering but not always, a negative sign. For instance, many scam brokers will charge hefty withdrawal fees that don’t just cover service charges. Inactivity fees are normal, but if they are close to $100 for just a month or six weeks without trading, that is often suspect.

LimeFX scam

Therefore, our review of LimeFX is a useful tool in making sound financial decisions. It has a very active and experienced team that working hard to provide the best possible services to its clients. They offer access on a variety of assets through CFDs including Stocks, Forex, Cryptocurrencies, Commodities, and Metals. Security of funds is one of the primary concerns for the company, which is why they offer negative balance protection and keep client funds segregated from corporate accounts. The broker also works with state-of-the-art cyber technology, such as SSL certifications, firewalls, and encryption.

It is a cardinal rule never to sign up with a broker who is not regulated. Working with a broker that does not have a license offers no protection in the case of a broker scam. Although the lack of a license is not a guarantee that a broker is fraudulent, it is the one factor that comes up time and time again when we investigate broker scams. Spread and overnight funding rates vary according to the trading products and the user trading account type. MetaTrader 4 features four execution modes for market orders, including Exchange, Market, Request, and Instant, each available in a single click. You also get customized trading and execution and access to your trading history.

We Are Checking Your Browser Scambrokercom

Overall, the broker offers the ability to trade more than 250 CFDs, making it the perfect choice if you’re looking to diversify your portfolio. Attentive and helpful customer service is also a sign of a trustworthy broker. Some scam brokers restrict clients to their own platform which may not be a platform at all, but fake.

LimeFX scam

Throughout this review, our experts found that LimeFX was well suited to different types of traders. If you want to enhance your CFD trading skills, you’ll appreciate the range of educational materials. LimeFX also stands out from the crowd thanks to its choice of three account types, zero commissions, spreads from 0.03 pips, and range of trading tools.

Nvesting Platform, Tools, And Trading Education Resources

Financing and overnight rates are transparent and available on the broker’s website. Gold accounts receive a 25% discount on swaps, and Platinum accounts receive a 50% discount. This makes these account Financial market types perfect for you if you prefer to hold positions overnight. Withdrawals can be made from LimeFX via credit and debit cards, bank wire transfer, eMerchantPay, Skrill, SafeCharge, and others.

For analysis, you can use 24 objects, including arrows, shapes, Fibonacci, and Gann tools. You’ll also be able to use nine time frames and indicators, and there’s plenty of third party trading signals to add to the platform too. LimeFX Trading platforms, tools and educational resources are a vital part of the trading experience. Most brokers offer a selection of MetaTrader 4, MetaTrader 5, and a version of the WebTrader platform. Some brokers offer only their proprietary platform but look closely if this is the case. Look at the spreads and commissions and check them against those of other regulated brokers.

LimeFX makes money mainly through spreads and swaps on different tradable asset classes. LimeFX is an award-winning broker that’s available on both mobile and desktop. Help future customers by talking about customer service, price, delivery, returns & refunds. As you review LimeFX’s accolades, you’ll see that the broker is well respected.

The leverage offered by LimeFX depends on the Client Categorization and CFDs Assets Classes. Users need to fill up a form that requires name, email, phone number, and password. After completing the form users need to provide proof of identity and proof of address for KYC verification.

” and that can guide you towards figuring out whether a broker is legitimate or a scam. When you register with the broker, you can download the platform for Mac or Windows, use the browser-based WebTrader, or choose the mobile application for your Android or iOS device. There is cross-platform functionality, so you can seamlessly switch from trading on the mobile app to the desktop or web platform and vice versa. In terms of other perks, LimeFX does offer you the ability to become a partner.

Nvesting Trading Products

Read the terms and conditions carefully and file a complaint if the broker suddenly slaps on fees that were not outlined ahead of time. One reason not to trust an unregulated broker is there is no reason not to have a license. Third and fourth-tier off-shore regulators have very lax standards and do not demand much capitalization from licensees. Simply put, even a mediocre broker can get a license from somewhere, so not having any license is a bad sign. There are some categories that are crucial, such as regulations and fees, and others some consumers may be willing to compromise on, such as education and tools. The choice is yours, but keep in mind that the first two categories are the most important when it comes to staying safe from broker scams.

Trading Platforms

As a LimeFX trader, you’ll also be able to watch live webinars. These cover a range of beginner-friendly topics, such as technical analysis, trading with indices, and trading strategies. Others discuss specific instruments or economic events and will appeal to traders of all skill levels. Education is one of the areas in which the LimeFX forex broker stands out from the competition. There’s an extensive selection of articles, videos, and PDFs to learn from, all designed to help improve your trading skills. LimeFX typically processes withdrawals on the same day, and these are mainly free of charge.

This broker review will give you our expert opinion about LimeFX. Not only do we inform visitors of whether a broker is a fraud or not but we outline the pros and cons of trading with them. Use this review to guide your trading decisions and do your own due diligence on LimeFX as well. We have created a procedure for investigating each broker carefully and to ensure they meet strict criteria.

The remaining withdrawal time depends on the method; if you choose to cash out with an e-wallet you can expect instant payments, whilst bank transfers take several days. LimeFX began operations in 2020, and the online forex broker has already built a strong name for itself. The company is based in Limassol, Cyprus, and services clients from across the EU and Switzerland. Test customer service when you are investigating a broker, but keep in mind that even scam brokers can seem friendly and helpful at first and can show their true colors later on. The second crucial category for inspecting a broker are fees, commissions, and spreads.

LimeFX offers three main types of retail accounts, Silver, Gold, and Platinum. You can also open a demo account free of charge, a professional account if you meet requirements, and an Islamic account if you are a Muslim trader. To fund your account, you can use credit and debit cards, bank transfer, or a range of e-wallet services. Trading with LimeFX gives you access to CFDs in popular asset classes such as cryptocurrencies, commodities, precious metals, forex, indices, and stocks.

Leave a Comment

Your email address will not be published. Required fields are marked *