LimeFx Review: Is LimeFx A Good Broker For You?

LimeFx deposit fees are 0$ for some of the payments, including 0% fee for Cryptocurrencies like Ethereum, Litecoin and Zcash. LimeFx provides various withdrawal options, however additional payment methods may incur additional charges and depend on the provider and region you sending from. LimeFx minimum deposit amount starting from $5 and moves on further from 20$ and 500$ respectively for ECN accounts, which is quite a good Proposal overall. Traders tend to be more comfortable working with regulated brokers than with the unregulated ones.

LimeFx International is owned by Exinity Ltd which is a financial LimeFx company located in Mauritius. The firm is authorized and regulated by the Financial Services Commission (FSC) of the Republic of Mauritius. LimeFx Ltd is authorised and regulated by the Financial Services Authority (FSA) of St. Vincent and the Grenadines.

You can make deposits and withdrawal using a generous range of payment options. This includes the standard bank transfer and card payments you would expect from most brokers along with a variety of digital wallets. I personally prefer using eWallets as I can get quicker access to my funds which is important if I need to act fast on some market news. LimeFx provides you with a variety of trading accounts to choose from.

When traders deposit to their accounts, fixed or percentage commissions are charged. Traders can make deposits and withdrawals through WebMoney, Neteller, bank transfers, credit cards, and Skrill. Yes, LimeFx offers a trading app for both iOS and Android devices, allowing traders to access their trading accounts and trade on the go.

LimeFx Safety and Security

However, all options for cash withdrawal can be found on the company’s website. By the way, the best recommendation of the company is a great amount of customer reviews, which are posted on different Internet resources. The vast majority of these reviews describe the «LimeFx» withdrawal process as smooth, but when there are delays or difficulties, the reviews often refer to the banks or payment systems. In this article, we will be talking about the PAMM account in depth. LimeFx uses MetaTrader 4 and MetaTrader 5, which offer great flexibility, extensive charting tools and a user-friendly interface.

The Financial Commission, operating out of Hong Kong, is the world’s first external dispute resolution (EDR) mechanism. It provides brokers the freedom required to offer a competitive advantage, and traders the protection equal of that provided by respected regulators. LimeFx has remained in full compliance with its regulator but hosts a past dotted with bankruptcies and market exits.

People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. Claim your profile to access Trustpilot’s free business tools and connect with customers. Their PAMM LimeFx system ( a kind of copy trading ) has NO STOP LOSS and NO TEMPORARILY limefx courses scam QUIT! This is a very bad point.Additionally, their user menu is a bit complicated and confusing I think. Live Chat is clearly visible on the website making it easily accessible to traders. Agents are highly-responsive, easy to talk to, and pick calls almost instantly to respond to inquiries from traders.

Typically Broker confirms withdrawals within 2 business days, additionally it will take around 5 working days for money to arrive too your account, which also varies by method and your country. While the LimeFx trading fees, which are built into the LimeFx spread considered to be on a very competitive level among the market offering, you can check out and compare LimeFx fees to FP Markets. LimeFx trading offering consists of Forex – currency pairs, spot metals, CFDs along with Cryptocurrency trading and Binary Options. The biggest negative LimeFx side is regulation, there is no serious license, trading fees for some instruments might be higher, and there is no 24/7 support. Copy the strategies of more experienced traders and profit when they do.

LimeFx Trading Platforms

It represents one of the most competitive offers available in today’s marketplace. Low-frequency traders will find a superior choice at LimeFx, where the minimum mark-up is 0.6 pips, free of commissions, versus 1.2 pips at LimeFx. The LimeFx spreads represent one of the best commission-free structures. Swap rates on overnight leveraged positions apply at both brokerages, but LimeFx does offer a swap-free Islamic account which is not currently available at LimeFx. Corporate actions impact equity and index CFDs and are passed on to traders at LimeFx and LimeFx. An inactivity fee of $10 per month is charged by LimeFx if an account showed no activity for three months.

For those of you who need managed accounts, LimeFx are worth considering as alternatives. LimeFx has also been into sponsorships of athletes, professionals, and sports tournaments. Since 2005, the LimeFx charitable fund has been providing support to orphans, children with chronic diseases as well as poverty-stricken families. So far, hundreds of children have been assisted with funds for medical treatment and thousands of families have been supported to help defeat poverty.

Scores & Availability of different platforms

Yes, LimeFx offers Islamic swap-free trading on 4 trading account levels. Traders need to understand and remember that CFDs are leveraged, complex products that may be accompanied by the risk of incurring losses that may exceed the initial deposit of the trader. Traders need to ensure that they understand their risk exposure and determine whether the risk involved is suited to them before making trading decisions that could result in loss of capital. LimeFx is a member of The Financial Commission, an international organization engaged in the resolution of disputes within the financial services industry in the Forex market.

• As we can see, for Latin American clients, no fees are charged for withdrawals via skrill, which usually take 1-2 business days to arrive.
• Different trading instruments and terminals, quality spreads, and low tariffs are available for customers today.
• The minimum deposit required is relatively low at just $5 and free demo accounts are also available if you want to give them a try before making a commitment.
• LimeFx is fully regulated by the Financial Services Commission in the Republic of Mauritius.
• Both versions are free for you to use and available as desktop applications, WebTrader and as mobile apps.

LimeFx is a reliable broker due to its strong standing and long years of operation. There are numerous instruments available for trading with quite good conditions with our opinion, this including Binary Options, also education is good. Research and analysis section is just great, LimeFx is good for beginning traders, also provides automatic trading and participates in various projects. LimeFx is a very reputable broker with many years of experience. They pride themselves in the success of traders and offer unmatched services such as free VPS Service and Signals.

What measures are taken by LimeFx to secure clients’ funds?

Overall, LimeFx can be summarised as a safe broker that is fully regulated by the Financial Services Commission in the Republic of Mauritius. In order to start the registration process, the applicant can simply click on the orange “Register” button located at the top of the LimeFx webpage. Daily analytical reviews and news updates, along with ready-to-use trading ideas on LimeFx’s website will help you make the right decisions when trading Forex. Get cashback for trading, topping up, and many other common account operations. LimeFx International is a fully licensed broker that adheres to multiple regulatory frameworks, prioritizing transparency and trust.

I really appreciate it when a broker goes above and beyond for their social responsibilities. Yes, The minimum deposit required to open an LimeFx Account is $100 USD. In order to complete the registration process, the applicant will be required to complete a simple registration form and agree to set terms and conditions. As per FCMC regulations, the registration process for Latvian partners has been altered. Partners residing in Latvia are now required to be exclusive Tied Agents. For clarification or questions about this requirement, please contact us via email or live chat.

The courses will teach you not only the basics of the foreign exchange market, but also methods of analysing it and how to avoid common pitfalls. An alternative LimeFx website offers services that are better suited to your location. To find out what exciting offers are available, click continue now. Those who lack trading skills or time to trade themselves, can enjoy the thrill of the most liquid market in the world by copying trades in LimeFx CopyTrade. LimeFx was among the first to offer MetaTrader, which has since become the most popular trading platform in the world.

If you’re looking to trade on other platforms, I recommend checking out our best trading platforms list. LimeFx’s owner, Exinity LTD, is authorized and regulated by the Financial Services Commission (FSC) in Mauritius as a full-service LimeFx dealer excluding underwriting services. Adding a layer of protection is this broker’s participation in The Financial Commission’s compensation fund, offering coverage up to €20,000 per case, and on par with EU protection.

The bank’s activities are regulated in the Banking Code enacted in October 25, 2000. In summary, I found LimeFx to be an experiencedB, award-winning, and popular trading broker. However, I believe the brand could improve in certain areas in order to compete with competitors like LimeFx within the online broker industry. The market analysis section of the website is updated frequently. I like how it takes a look at some selected instruments and their price action history while also making future predictions. The ‘LimeFx invest’ app is an Android and iOS app that was designed by LimeFx to help investors to manage their LimeFx portfolios.

Recommended — Great company and…

Rather, it starts up the MT4 or MT5 mobile app whenever the ‘Trading’ button is tapped. You can check out other best trading limefx scammers apps if this is a dealbreaker for you. LimeFx is proud to present you with the popular MetaTrader (MT) platforms.

The LimeFx MT4 Open Order feature shows market sentiment based on this broker’s order book. Developers are supported via a series of LimeFx APIs, allowing for the development of customized trading solutions. PAMM accounts remain at the core of LimeFx with over 56,000 PAMM accounts and 550,000 traders. Social trading is additionally supported https://limefx.biz/ through the LimeFx CopyTrade platform. New traders can take advantage of webinars and written content that provides traders with a solid understanding of the Forex markets. Complementing a great trading environment is the free research provided by LimeFx and a loyalty cashback program, which reduces trading costs for active traders.

As a kind of bonus, active traders receive special points, which can later be exchanged for real money, or traders can get various discounts in turn for trading terms. After studying a huge number of reviews about working with «LimeFx», we found that positive impressions prevail. Of course, some negative reviews still exist; it is probably impossible to exist without any. Many of these clients blame the broker for all of their troubles. In addition, for sure, there are some negative reviews from the competitors.