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

Today, we’ll conduct yet another review of the LimeFx broker. In it, you’ll find everything from the broker’s regulatory measures to its customer support and deposit/withdrawal methods. This section represents the site’s research and education offering. LimeFx offers a more hands-on style of learning than some other brokers. Other noteworthy features include zero fees on deposits and withdrawals of funds (which can be for small amounts such as US$10). Regardless, there is still 100+ Digital Asset and Forex Trading Instruments maintained.

The commissions are 6 USD per lot, but information about spreads are unavailable. With regard to customer service, it’s a big thumbs up, they are always available, fast and friendly. For pricing, there are no withdrawal fees and spreads seem reasonable enough when you consider volatility. Long time using eagle and they have been reliable and prompt when dealing with issues and withdrawals. Got started on LimeFx to trade Crypto over the weekends mainly, and have been very happy using this broker.

MT4 Mobile

Only the NFA regulated brokers featured on this site are available to U.S. customers. If you don’t mind the lack of regulation and are looking to trade CFDs, then you could always see what they have to offer with a free demo account to begin with. Trade on MT4 on desktop and mobile or MT5 on web trader, mobile and desktop. All this is possible thanks to our secure technology infrastructure. You can access unlimited virtual funds to practice your trading. Our demo platform uses the same price feed that our live platform, which allows you to see our tight spreads as well as fast execution.

Account holders can send and receive funds using an e-wallet, a virtual bank account number in a local currency or a re-loadable prepaid MasterCard debit card. Money received can then be withdrawn to a bank account or used online / at points of sale with the Payoneer debit card. This company is a specialist in cross-border B2B transactions. The company facilitates cross-border transactions in more than 200 countries and territories, as well as more than 150 local currencies. It also offers cross-border wire transfers, online payments and refillable debit cards services.

Our trading platforms use innovative technology and feature-rich features to meet the changing needs of our clients. LimeFx is a leader in online foreign exchange trading, CFD trading, and related services. We believe that specialised expertise, attention and follow-through are important aspects of all our interactions. The company was founded in 1999 and aims to provide global traders access to the largest and most liquid market in the world. It offers innovative trading tools, excellent trading educators, strict financial standards, and strives to offer the best online trading experience. Clients can trade from real-time charts and mobile trading with one-click execution.

North American Markets

Other online brokerage firms do charge commissions and hidden fees. LimeFx does implement hidden fees and is proud their spreads are comparatively lower than the others. Since LimeFx is relatively new in the foreign exchange community, it has to provide highly competitive spreads to attract potential clients and create a dependable reputation.

When I am choosing a broker, regulation is one of the first things that I look for. This is because a regulated broker can give you certain protection that unregulated brokers cannot. Whilst LimeFx is a legally registered forex broker located in Dominica, they are not regulated by any government agency. However, the broker goes to lengths to offer security of client funds with multiple security measures put in place to help safeguard them. They use cold storage to ensure clients funds are completely offline away from potential online threats.

One method is called “Bitcoin Cold Storage” for traders that prefer to trade with cryptocurrencies. It means that your digital money is not stored in LimeFx’s internet servers or any computer, rather inside an external device, away from online scammed by limefx threats like hackers. I have signed up with them in Feb 2020 in the wake of the pandemic and am thankful to LimeFx for making my trading smoother. Just that they won’t accept other crypto deposits and it would be great if they could do that.

LimeFx

First off, trade execution is intuitive, smooth and reliable. Traders can adjust the system to their preference and operate using ‘one-click’ trading. Order building optionality allows for ‘market’, ‘pending’ and ‘stop’ orders and trailing stop losses and take profit instructions are also available. Open swap positions have overnight financing fees applied to them. The range of global equity indices is limited but includes all the larger names including SPX500, GER30, UK100, AUS200 and NAS100. The limited range of commodities includes markets in oil, gold and natural gas.

All market hours are provided in GMT+3, but the broker provides a useful time zone converter link in the FAQs. The Anti-Money Laundering policy is applied and the clients funds are kept in the BitCoin Cold Storage. Also, funds are hedged to remove any impact of the BitCoin price fluctuations. The Funds on their servers are solely the amounts that are requested for withdrawal from the traders. The broker has an economic calendar on its website which is a very useful tool as part of the fundamental analysis of an overall trading strategy. The calendar displays the most recent and upcoming news releases that can cause an impact on the various markets around the globe.

• It also offers cross-border wire transfers, online payments and refillable debit cards services.
• We are committed to helping our clients trade confidently.
• They’re billed for operations like depositing money, not trading for lengthy periods, or withdrawals.
• Forex — the foreign exchange market is the biggest and the most liquid financial market in the world.
• The company has received more than 50 prestigious professional awards since 2008.

The provision of a Meta Trader account means users are provided with access to resources from that community. Although this is not a specific LimeFx community, Eagle users accessing the Meta Trader community will actually benefit from being part of a larger group. MT4 is, after all, the most popular retail broking platform in the world so the thoughts shared among its many users are a considerable resource to draw on. In total there are 30 technical ‘indicators’ and 24 analytical ‘objects’, including lines, channels, geometric shapes, as well as Gann and Fibonacci levels. Those users who require the flexibility to change between Landscape and Portrait format will be pleased to learn that this feature is available on the app.

Moving Account

Social and easy to use trading options are the heart at LimeFx. Within the fast-paced universe of stock markets and online trading, you’ll need advice to make correct decisions. A professionally lead LimeFx online trading platform could help you in minimising any losses and maximising any profits. It’s important that you understand about any broker until you trust them with your cash.

Withdrawals are reviewed and processed within 30 minutes. Once approved, the funds should arrive in your Bitcoin wallet within an hour or less, depending on blockchain traffic. The specialist payments team review and process all withdrawal requests on an hourly basis to ensure that your withdrawals are paid out quickly. Just be aware of blockchain fees because I have been stung in the past where the fee amounted to more than the amount that I wanted to deposit which left me out of pocket. Elsewhere, LimeFx have made efforts to include certain security features that some other brokers have failed to adopt. For example, cold storage of crypto assets means that a firewall is situated between the client assets and the internet.

Our customizable price alerts will keep you up-to-date with what’s happening in financial markets. XM is a forex and CFD broker lime fx that has won numerous awards. Our clients come from more than 196 countries, and our staff speaks over 30 languages.

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. For other trading platforms, the inactivity fee is contingent upon the type of account you have chosen. The inactivity fee is exposed to many conditions and needs to be revealed clearly by the agent beforehand. Our full LimeFx review for beginners covers all you will need to learn about trading via LimeFx. A fantastic agent can use your initial LimeFxs and help to protect it from losses but also give you a platform that can help to provide you profits. If you want to earn profits, you must trade with a brokerage service that contrasts with your investing objectives.

In such cases, you’re paying a spread, funding speed, or a commission. The kinds of trading fees and the rates vary from broker to broker. LimeFx admits the importance of owning a fast order execution. A fast implementation enables users to trade without worrying about slippage safely. It will also help the dealers to catch any opportunities.

The MT4 platform has thirty indicators and twenty-four graphic objects that traders can use. These allow for consummate analysis of fluctuating prices. You can utilize its proficient abilities to examine movements within the forex market. The main goal of this site is to provide quality reviews, comparison, and other brokers information that allows traders to make reliable choice when choosing a broker. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation.

These figures have rules that mandate that trading platforms have steps in place to maintain investor’s assets secured. This means that LimeFx users do not need to be worried about their money since it is segregated and safely stored in banks that are established. SSL encryption simplifies each user’s personal information as well. Our LimeFx account review discovered that they’re a superb choice for online trading solutions. They’re best suited for investors that are looking for an assortment of assets.

Other than that, there are no inactivity fees, account-maintenance fees, or deposit/withdrawal commissions. On top of that, you can even set up a demo trading account. It allows you to trade in a virtual market and hone your newly-learned skills.

This establishes a common set of guidelines to ensure good market practice. Our parent company, IG Group, was established in 1974 as the first company our kind. Trade the world’s most liquid financial market and profit from global economic volatility. Vantage FX, a licensed Forex broker, https://limefx.group/ provides traders with access the global Forex market via top-tier FX liquidity providers. Vantage FX offers super-fast trade execution and interbank grade RAW ECN spreads. These elements combine to offer clients an institutional trading experience across a wide range trading instruments.