Blog Detail

Home / Blog / Detail

Is LimeFxFX a Scam? Detailed LimeFxFX Review Updated 2024

The standards set by ESMA are quite high, not dissimilar to those set by the FCA in the UK and ASIC in Australia. When you give your funds to a brokerage, you’re putting a lot of trust into that company with regard to a number of factors. LimeFxFX offers a reasonably small range of trading instruments, compared to other brokers. LimeFxFX allows you to trade on one of three different trading platforms. They are MetaTrader 4 (MT4), MetaTrader 5 (MT5), and LimeFxTrader, an in-house white-label program.

New versions provide improved functionality and increased stability. LimeFxFX MetaTrader 5 allows traders to look at market statistics of financial instruments traded in the market execution mode. MT5 on LimeFxFX provides the convenience of using automated trading systems and copy trading, giving LimeFxFX traders competitive research tools in the financial markets.

  • Most of the trading tools and indicators offered via the desktop version are readily available on the mobile trading app.
  • Over 30,000+ users registered with them can affirm to their trustworthy nature.
  • LimeFxFX handles customer queries through multiple channels including a live chat function, email, and phone support.

The exclusive mt5 pro account gives investors the lucrative offers of 45 trading devices with a deposit of $500 and compliance with enhanced margin requirements. Traders have the ability to benefit from MetaTrader 4, MetaTrader 5, LimeFxTrader, and other social trading platforms. An account with the LimeFx trading platform provides a variety of trading history and advantages. The mt4, mt5, and LimeFxTrader peculiarities service a host of trade types and the most convenient experience.

The only real difference here being that as a master you can earn commission. In addition to the markets offered, as an LimeFxFX trader, it is likely that you may come across some of these extra products that the broker makes available depending on your location. LimeFxFX mobile trading is also well catered for through their own mobile trading platform aside from the huge industry https://limefx.club/ giants already mentioned. LimeFxFX offers a great demo account that is easy to sign up for, just needing the most basic of your personal information and an email address. Here are a few of the LimeFxFX account types you can look forward to trading with once you get started. The combination oflow spreads and fast execution speeds make this broker a great choice for scalpers.

While learning, you can also use global trading times to practice making live buy or sell trades using LimeFxFX. This hands-on experience can help you gain confidence and become more comfortable with trading. To trade effectively with LimeFxFX, it’s important to have a good understanding
of the LimeFxFX trading limefx tools and the markets. The effect of leverage on profits and losses magnifies them in both directions. In other words, LimeFxFX leverage profits and losses are magnified when trading. For instance, using CFDs, you use the LimeFxFX trading platform to buy/sell $10,000 worth of Apple Computer Inc.

FXDD Review

These are dependent on the activities you undertake in your account. They are billed for things like depositing cash, not trading for lengthy periods, or withdrawals. For both of the account types offered by LimeFxFX, spreads are floating and start from a minimum of 0.8 pips and have an average of 0.9 pips for the EUR/USD currency pair. This means that the trading spreads will get either tighter or wider, depending on market volatility, time of day, and other factors. Founded in 2011 in Cyprus, LimeFxFX is a well-regulated broker with oversight in place from CySEC and SVG.

  • The cTrader trading platform is designed specially for electronic communication networks ECNs, and offers direct STP access to currency trading markets.
  • Your excellent review is truly uplifting, and it serves as a great source of motivation for us to continue delivering one of the best services possible.
  • These trader-friendly policies lead to LimeFxFX receiving a top rating for its deposit and withdrawal procedures.
  • However, some users have appraised the company, claiming they had good trading experience and fast withdrawal.
  • 4 of these are available for trading through MT4 and this offering includes major indices from the EU, US, Australia, and Japan.

LimeFxFX offers CFD trading on forex, commodities, stocks, indices and cryptocurrencies. You can trade across the MetaTrader and cTrader suite of trading platforms as well as their own intuitive trading app. Client funds are held in segregated accounts in accordance with international regulation standards.

Who Are LimeFxFX

By creating a LimeFxFX practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the LimeFxFX demo account can help individuals to make informed decisions before investing their money. The LimeFxFX MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give LimeFxFX traders detailed market tools.

Timeframe

The minimum spread users can expect to pay on any trading instrument at any given time is 0.6 pips. Yes, it offers a proprietary trading platform known as LimeFxTrader. You can access the broker’s copy trading service by downloading the copytrading app. The broker’s login process begins with a visit to the official site, LimeFxfx.com, on desktop or a click of their app on mobile. To login in, your email, password and captcha verification is needed. Going by customers’ review, LimeFxFx can be said to be unworthy in light of numerous complaints heralding withdrawals, especially on large size accounts.

CFD Trading Products on Offer

The educational department at LimeFxFX is very insightful for new traders as it allows them to get a closer look at the financial markets. LimeFxFX caters to all types of traders and are a must-have broker for any well-diversified approach to online trading. Trading with LimeFx will involve minimal fees, spreads from 0.6 pips, and commission-free trading depending on the account traders select. The required minimum deposit to open an LimeFx account is $100 USD. The minimum deposit amount required to register an LimeFxFX live trading account is $100 USD. LimeFx provides two live trading accounts – the LimeFx MT5 and LimeFx MT4 accounts.

What is LimeFxFX?

Please be aware that trading in financial assets with LimeFxFX carries a risk of loss. LimeFxFX trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time. You can sign up for a demo account to acquaint yourself with LimeFxFX platform.

For more experienced traders, LimeFxFX provides advanced analytical tools, including charting capabilities and various technical indicators. Dear Jhunrey Sanico Pelayo,We sincerely appreciate your high star rating and the valuable feedback you’ve provided. We’re thrilled to hear that you’re having an exceptional experience with our Customer Support team, particularly in terms of their prompt assistance. To keep up with our most recent news and promotions, feel free to follow our social media platform. You can get in touch with us via live chat or email if you have any additional questions. Dear Hassan Mohammed,Thank you very much for using LimeFx and for sharing your feedback.

LimeFx offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable instruments. There’s no question – if LimeFx wants to compete with the best MetaTrader brokers, it needs to make improvements in its range of products and its research and education. LimeFxFX stands out with several unique features designed to enhance the trading experience and provide insights into market trends. The minimum deposit at LimeFxFX is $5 or RM 1500 with local bank transfer in Malaysia. The minimum deposit amount is different for each accepted method at LimeFxFX.

Most clients with high volume accounts have an adverse opinion about the company. They complain of LimeFxFx being a scam broker, denying them withdrawals and going on to block their accounts. After 324 reviews, LimeFxFx holds a rating of 2.997 out of 5 stars on Forexpeacearmy. While some people praise the broker wholeheartedly saying it’s one of the best online trading brokers, others say it is no scam but is poorly managed. However, there are a good number of posted reviews of people denouncing the broker for withdrawal problems and bad trading experience.

Other features include MT4 and MT5 trading platforms and commission-free spreads from 0.8 pips. Within Europe, the minimum deposit on the available account types of MT5 Pro is $50. This is provided both through their own dedicated copy trading platform and a mobile trading app for on the go trading. You can choose to either be a copier, or a “Master Trader” where others will copy you and you will earn a commission. The company offers customer support only 24/5 and not round the clock. But the benefits of trading at LimeFxFX are definitely more than the disadvantages.

Leave a Comment