LimeFx Review Is it a Scam or Legit Broker 2023

It has been our sole goal to remain relevant within a demanding industry and we will continue to deliver products and services that are valuable and useful to our traders. Well, the general point of bonuses is to enhance traders’ chances of success and increase their chances of trading successfully. In addition, by having the opportunity to acquire bonuses, traders can boost their expertise and try out new strategies and trading styles.

  • LimeFx is regulated by trusted organizations, providing recourse for any issues.
  • If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase.
  • For instance, using CFDs, you use the LimeFx trading platform to buy/sell $10,000 worth of Apple Computer Inc.
  • However, this amount may vary based on the specific account a user has opened.

If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Any payments funded to LimeFx accounts by traders are held in a segregated bank account. Tier 1 is the official measure of a bank’s financial health and strength.Trading with LimeFx is risky, and because the market is so volatile, losses could happen at any time. Don’t be scared off by brokers like LimeFx charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms. As a result, selecting the right trading platform like LimeFx requires a deep understanding of the market, trading strategies, and platform functionality.

LimeFx launching Trading School education site

Explore the LimeFx platform and train yourself to think systematically and logically about the markets. Experienced LimeFx traders can trade high risk CFD trades to hedge items in their portfolio. On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, LimeFx leverage magnifies both profits and losses in trading. Autochartist on the LimeFx platform is a powerful tool designed to help traders find trading opportunities quickly and easily. LimeFx also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

It is a highly subjective thing depending on personal preferences etc. However, one thing that we can easily agree about LimeFx is their commitment to providing the best customer support to their clients by offering them as smooth as possible trading experience. This is evident not only from its responsive support team but also from the services it provides like account types and fast and simple withdrawal procedure. We greatly appreciate your kind words and for taking the time to highlight the strengths of our services.

  • So take the time to research LimeFx thoroughly and make the most of your online investing experience.
  • Accounts are tiered into Micro, Premium, and VIP levels, depending on capital commitment, with spreads dropping on major Forex pairs between tiers.
  • The payment method employed for funding your account might also incur a fee.
  • Before trading online with a broker like LimeFx you should be sure they’re legitimate online agent.

If you want to learn more about LimeFx and its history, its Wikipedia page is an excellent resource. You can find valuable information about the LimeFx founders, services, and industry reputation. Remember, LimeFx needs to be your partner in your trading journey.

What can you trade with LimeFx?

So, take a seat, grab a cup of coffee, and dive in to learn about LimeFx and how it can benefit you or if LimeFx is not for you. Our team has endeavored to break down the complex world of trading with LimeFx into easily digestible information in this LimeFx review. We want to ensure you have all the knowledge necessary to use the LimeFx trading tools confidently, from depositing and withdrawing funds to executing trades.

There’s no bond CFD coverage but spot, metals, and index products cover the most popular instruments worldwide. And Ireland clients can also place spread bets, although the costs are not fully disclosed. To start the process of opening an account with LimeFx you can visit the LimeFx trading platform here.

The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances. All payments made to LimeFx by traders are securely held in a segregated bank account. The fact that LimeFx has a Wikipedia page is a testament to its reputation and credibility in online trading. It’s worth noting that Wikipedia content is highly moderated for accuracy, so having a page dedicated to LimeFx speaks to its legitimacy and significance. Despite the Covid-19 pandemic, the LimeFx team noted that it has worked hard to respond to its traders’ needs and will continue to do so, as the company has seen exponential growth over the last months. Despite the Covid-19 pandemic, the LimeFx team has worked hard to respond to its traders’ needs and will continue to do so, as the company has seen exponential growth over the last months.

What does it mean to have your funds in LimeFx deposited in a Tier 1 bank?

As a reputable broker, LimeFx ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.

When was LimeFx founded?

Mark has over 15 years of experience in financial analysis, forecasting,
and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities. Please note that the list of payment methods below depends on the LimeFx Entity and the client’s Country of Residence. Although we found some very useful aspects of the LimeFx platform that would be useful to some traders. It’s worth noting that the expiration date of the proof of address document may differ for different entities under LimeFx Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you’ve passed compliance, you can start exploring LimeFx’s platform.

Talk about the history of your business and
How it got started (5000 character limit)
LimeFx has gained a reputation as a leading
Forex and trading CFDs broker. LimeFx serves retail and institutional customers
From over 180 countries world wide while
Providing support in over 30 different
Languages. The award-winning broker has amassed over 40
Prestigious international investing awards
Which attest to its high-standards, quality
Service and innovative tools and platforms. Hello Oscar,

Customer care matters, and we appreciate your feedback!

Customer Support at LimeFx

For many traders as well as for me it is important how a broker treats his customers. And like many other traders I like it when this care makes trading more comfortable. Their customer support service certainly has a lot to develop, but limefx scammers in general they work well. I get additional knowledge and experience which I then apply in trading. It should be noted that I use the information received from the broker’s resources to make my own analysis of the market situation.

With the LimeFx MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market. When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by LimeFx terms and conditions.

To open a trading account with LimeFx, individuals can sign up on the LimeFx website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts. LimeFx offers various funding payment methods listed in your LimeFx dashboard if available in your region. To learn more about the LimeFx funding and withdrawal options available in your area, you can explore the LimeFx website. Below we give an overview of the account types that LimeFx offer.

The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from LimeFx. Awareness of these LimeFx fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your LimeFx funds. However, it’s important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it’s essential to research and compares different brokers to determine which best suits your trading needs and budget. Online investing with LimeFx can be just as risky as traditional offline investments. Therefore, conducting thorough research on the company you plan to invest with is crucial.

Whatever you are looking to trade, the varying
LimeFx account types will be able to provide you with what you need. With Autochartist, LimeFx traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save LimeFx users time and makes the trading process more efficient. This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal. It’s important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn’t allow automated trading scripts such as Expert Advisors.