LimeFx Review Is it a Scam or Legit Broker 2023

CFD trading on LimeFx allows traders to speculate on the price movements of various financial instruments against the broker LimeFx, without actually owning real assets. With CFDs, LimeFx traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset. The next step involves submitting identification documents for LimeFx account validation and making a deposit. Once completed, LimeFx users can download the trading platform of their choice.

Happy trading with LimeFx, and we look forward to being your preferred trading broker! Hello Joseph & Gioele,

Thank you for your interest in LimeFx! Indeed, we do understand the importance of having access to reliable customer support when you need it. We’re pleased to inform you that our customer support team is available 24 hours a day, 5 days a week, excluding weekends, as the markets are closed during this time. You can easily reach our customer support team through various channels, including our live chat on the website, email communication, and telephone.

In adddition, LimeFx provides excellent customer service, with a team of highly trained professionals always ready to assist clients. With its cutting-edge tech and a comitment to customer happines, LimeFx is truly one of the best in the business. LimeFx provides 24/5 support, email, and live chat for prospective and existing clients in over 180 countries and in 30 different languages, and in chat was responsive during several contact attempts. X (formerly Twitter) and Meta portals are active and populated. A comprehensive FAQ addresses most inquiries while tutorials on trading platforms shorten relatively steep learning curves.

  • Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.
  • If you ever have any questions or need further guidance, please don’t hesitate to reach out.
  • LimeFx requires a minimum deposit of 500 GBP/USD/EUR when opening an LimeFx trading account.
  • Stocks, currency and other commodities and instruments will be brought or sold by LimeFx even if no buyer or seller is lined up.
  • LimeFx withdrawal fees vary on payment method.LimeFx doesn’t charge inactivity fees.

It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions. You will be exposed to a high risk of loss regarding leverage and margin-based trading. It is important to note that LimeFx may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the LimeFx platform and features immediately. However, you must pass the verification process to start live trading with LimeFx, which can take up to a few business days.

Earlier in 2018, LimeFx announced a partnership with EmurgoHK to open a cryptocurrency exchange, but the launch date hasn’t been announced. LimeFx is regulated by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC). When selecting a broker such as LimeFx, one of the most critical factors to consider is the broker’s regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client’s funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities.

Is LimeFx a good broker?

MT4 on LimeFx offers traders comprehensive features and tools to enhance their trading performance. The LimeFx MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the LimeFx platform to their needs. One of the standout features of MT4 is its charting functionality, which allows LimeFx traders to analyze price movements and make informed trading decisions. Hello Avirup,

Thank you for highlighting our commitment to education and the valuable resources we provide to traders.

LimeFx is regulated,
governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers’ behaviour, and they will take necessary action if things go wrong. Before trading online with a broker like LimeFx you should be sure they’re legitimate online agent. You must be diligent and thorough in your LimeFx review selection process to safeguard your hard-earned money. It’s crucial to do your due diligence and research the reputation, track record and trust worthyness of LimeFx. You must also ensure the LimeFx broker’s profile, trading tools, fees and regulation aligns with your needs and goals.

  • Overall, while the phone support experience was satisfactory, there is still room for improvement.
  • The task becomes even more daunting when considering the vast number of online brokers like LimeFx available, each with unique features, fees, and regulations.
  • LimeFx clients can benefit from round-the-clock
    Coverage delivered by one of the world’s
    Largest and most accomplished global client
    Coverage teams.
  • Earlier in 2018, LimeFx announced a partnership with EmurgoHK to open a cryptocurrency exchange, but the launch date hasn’t been announced.

From all the trading equpment in terms of assets, instruments, indicators, education. We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners. Learn more about how we review products and read our advertiser disclosure for how we make money. Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe,
Australia, South East Asia, South Africa and the Middle East.

What you will need to open an account with LimeFx

Several account types allow retail clients to bypass LimeFx’s dealing desk, which carries a systematic conflict of interest, and trade directly with the interbank system. Accounts are tiered into Micro, Premium, and VIP levels, depending on capital commitment, with spreads dropping on major Forex pairs between tiers. LimeFx offers Metatrader 4 and 5 but no dedicated or proprietary trading platform.

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Client funds are segregated from company funds, reducing the potential for misuse. They operate a counterparty dealing desk, raising conflict of interest issues, but offer direct interbank trading access in some account types. They provide no guaranteed stop-losses but negative balance protection is now mandated under ESMA rules. Secondary security features are unimpressive, with standard encryption at the website and no two-tier platform authentication beyond Metatrader’s one-time passwords (OTP). LimeFx is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to LimeFx, money is in a segregated bank account that is separate from LimeFx company’s funds.

What are Tier 1 banks and why should LimeFx use them?

All withdrawals incur fees that vary among credit cards, electronic tellers, and bank transfers/locations. The Trading School is the latest addition to LimeFx’s long-term commitment to high quality research and education. For years now the company has provided detailed market commentary by one of the world’s largest and most accomplished global client coverage teams. Andrew has a well-established career in fintech and came up with comparebrokers.co to make
trading on financial markets more transparent and accessible. LimeFx withdrawal fees vary on payment method.LimeFx doesn’t charge inactivity fees.

Ratings On Other Platforms

We believe that well-informed traders make better decisions, and we’re dedicated to supporting your trading journey every step of the way. If you have any questions or need further assistance, please feel free to reach out. We’re here to help you make the most of your trading experience. This broker, is a well-established name in the world of online trading, beckons both newcomers and seasoned traders with an array of trading services. In this comprehensive review, we navigate the depths of broker’s offerings, uncovering its strengths and pinpointing areas that could benefit from refinement.

While Metatrader 4 and 5 are a bit outdated with some clunkiness, they provide reliability and vast functionality that frequent traders need. The material does not contain (and should not be construed as containing) investment advice or an investment recommendation,or, an offer of or solicitation for, a transaction in any financial instrument. Stocks, currency and other commodities and instruments will be brought or sold by LimeFx even if no buyer or seller is lined up. LimeFx allows Forex trading, CFDs trading, and Social trading. After extensive research over several years, we have compiled a list of the most effective LimeFx alternatives available today.

We’re committed to providing our traders with access to a wide range of top-tier trading instruments and competitive conditions. It’s great to hear that our offerings have met your expectations. If you ever have any questions or need assistance with your trading journey, please don’t hesitate to reach out to our dedicated support team at We’re here to ensure your experience limefx official site with us remains top-notch. The LimeFx Trading School will focus on trading materials tailored specifically to the needs of both beginner and professional traders. LimeFx has been committed to expanding its offering and addressing the requirements of traders worldwide. There will also be an economic calendar, videos, and useful articles to offer support to traders.

LimeFx is a leading online and international
Multi-asset broker providing tailored trading
Products and services to retail and institutional
Clients. The broker specialises in CFDs on forex,
Spot metals and futures, commodities, indices,
And stocks. It offers access to 300+ trading
Instruments that https://limefx.name/ can be traded on the leading
MetaTrader 4 platform available across
Multiple devices. The firm is focused on products and services
That can be used by both beginner and
Professional traders and it offers a wide range
Of platforms including MT4, WebTrader, VPS
Hosting, PMAM and TradeCopier.

Minimum EUR/USD spread is listed at 0.7 pips while average spread is listed at 1.2 pips. These numbers may be deceiving, given the broad variety of accounts, fees, and routing choices. Spreads drop significantly on major Forex pairs between Micro and VIP tiers but minor pairs show no variation. In addition, tiers apply only to forex, with all account types paying similar spreads and/or commissions when trading CFD or spot instruments. Several pages not properly linked to the main site announce the availability of cryptocurrency trading but our reviewer found no contract, spread, or fee information.

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