LimeFX Is It A Scam? Review

Five different types of charts, countless indicators, and options that let you fully customize the layout. Hedge Funds Confidence – See the sentiment of fund managers towards a stock, based upon the combined purchases of multiple funds. The education section doesn’t really touch on issues happening on the site. For this reason, it may not be helpful to newbies who needs hands-on ideas on how to begin trading various CFDs. However, the support centre has in depth material to help beginners with common questions they might have. Once you request a withdrawal and it gets approved, you should have money in your account within three days.

LimeFX review

The various other information sources and powerful trading tools are easily available, like variety of market news, economic calendar, technical analysis, risk management tools, and chart trading tools. LimeFX comes with mobile app reviews that have become quite positive. Firstly there has been an app for Android and IOS users that is making it stand out. You’ll also get access to the range of the products allowing you to find out everything. You will get the iOS and the APK apps that will be quite powerful and are packed with the full range of technical analysis tools and charts. The broker sustains ongoing educational webinars of different levels.

These tools basically contribute to the trade performance with greater transparency of the markets, and the ability to identify and act on trends as they happen. The account opening process with LimeFX is simple and fast and this trading platform is suitable for new and professional traders. To start opening an account with LimeFX, the trader needs to click create an account, given on the LimeFX website, which leads them to the registration page. With Negative balance protection means traders cannot lose more money than they have deposited. We should say something about negative balance protection with LimeFX. When trading using leverage an adverse move could result in losing more than your trading account balance at LimeFX.

Is LimeFX Mobile Friendly?

Some people just don’t like the LimeFX reviews and always find something bad to say about it. They will always say bad things about any review if they lose money. The LimeFX review was great and I loved seeing their new website with all the new and old features. I do not follow all your talk but I know I made money with this broker.

LimeFX review

LimeFX offers a diverse selection of customer support and services. Customer service is open 24 hours a day, 5 days a week, and the customer agents are friendly and ready to help you with your issues. Whether your platform is not working or if you want to understand how the markets work or why an order has been rejected. Customers can reach support via email or live chat and as well as phone support. LimeFX is one of the leading online brokers and it is regulated in two tier-1 jurisdictions, which makes it a safe broker or a low-risk broker for CFD and Forex trading.

Account Types At LimeFX

Experienced analysts with the required professional expertise on LimeFX beam live webinars. This is a part of the educational video content from Recognia and an X-ray offering. This sentiment tool is like a third party that considers the opinions of more than 50,000 financial bloggers. Based on them, traders can decide the sentiment prevailing on different assets. Today LimeFX has proved to be one of the best platforms for trading because it is easy to use and has turned out to be a new trading platform that is very trader-friendly.

LimeFX review

A dedicated telephone helpline is also available to all LimeFX clients. Lines open from 10pm UK time on Sunday through to 9pm UK time on Friday. The LimeFX brand is operated by a number of regulated entities which are part of the Finalto Group for doing business globally. The brand is operated by its 5 companies which are regulated individually by the Financial Conduct Authority in the UK, the Cyprus Securities and Exchange Commission in Europe. The Financial Services Board , the Australian Securities and Investments Commission , and BVI Financial Services Commission for global clients.

You can trade on a demo account using virtual money to practice and test your ideas – it’s always recommended for beginners to spend the first few weeks here before moving onto the real deal. Particularly interesting financial instruments are the so-called CFD blends. Your usual CFD is based on the price of the underlying asset, and since it’s just a single stock or bond, CFDs are inherently risky. However, CFD blends have entire industrial sectors as underlying assets – therefore, they are often more predictable and more reliable for traders. Generally speaking, forex fees are high when compared to those of other top forex brokers but you can find a good selection of cheap ones too. All in all, LimeFX has very low fees for some CFDs and high commissions for other trades but doesn’t incur any additional expenses.

Deposits And Withdrawals

On the right side of the screen, you will see options for either buying or selling the asset. Click on buy if this is your first time buying a digital asset and on sell if you want to sell an asset that is in your possession. Just know that once your account is fully verified, you won’t be able to change your personal details again. Therefore, if you find yourself in a situation where you need to update any personal details, you may have to contact LimeFX support for help. Also, be prepared to provide them with additional papers to validate your requests. LimeFX has been in business since 2008 and there are no reports that could be found online that describe any regulatory action.

  • Cash transactions at LimeFX are quite straightforward and are generally hassle-free.
  • It is also fully mobile compatible, so you can learn how to trade across all your devices.
  • When you type in the first two or three letters of the term, you’ll see every term that’s related to it.
  • At the same time it launched a quantitative platform for investing in equities called the Investment Strategy Builder.
  • The overall withdrawal process remains in line with well-established industry standards.

Ideal for investors keen to take positions on multiple stocks within a single instrument, LimeFX offers dozens of ‘blends’ that can expand a trader’s reach and exposure. In most locations, you can only open one type of trading account with LimeFX. Luckily, our Currency marketers found that this is perfect for both beginners and experienced traders, as the minimum deposit is just 250 USD. The broker offers fast deposits, but traders must provide documents proving their ID and residential address.

LimeFX Desposit Fees

This helps the traders to get a market insight on everything that matters to an investor in the markets. This covers vital decision-making news, views, opinions, and trading strategies. LimeFX limefx registration process consists of simple steps, as a trader you need to provide personal information, financial information, tax information, financial knowledge, and trading experience.

Traders can manage their investments using LimeFX Web Trader and the Markets app. Additionally, the cross-asset diversification process is enabled for 26 commodities, equities, CFDs, which comprise the bulk of the assets. 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.

Withdrawals may take longer, since verification of client ID is essential. All the above services are available to every account holder regardless of account status or type. However, on an extremely busy day, expect their efforts to slacken due to too many customer tickets. In general, LimeFX has one of the most helpful and knowledgeable customer support. This broker offers its services in 15 more languages so as to cater to non-English speakers. The main languages are Arabic, French, German, Dutch Italian, Norwegian, Spanish, Russian, and Swedish.

Company Information

This means LimeFX fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes. We tested communicating with LimeFX support in multiple languages in multiple countries. Having an analytical approach may be a good way to approach trading with LimeFX. Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent. LimeFX leverage magnifies both profits and losses when trading. MetaTrader 4 was built specifically to trade Forex and CFDs, MetaTrader 5 on the other hand facilitates trading of Forex, Futures, Stocks, Algorithmic Trading, ETFs and Indices.

Trading Products

As stated earlier in this LimeFX review, you won’t be charged for deposits. However, like some of their competitors, this brokerage does have a minimum sum that you can deposit and this is $100 or EUR 100. You can make the deposit by using your electronic wallet, credit card, or debit card. However, if you don’t trade frequently or also use other brokerages, be wary of having your account become inactive because that will attract an inactivity fee. Your account will have to be inactive for at least three months before it will attract an inactivity fee.

LimeFX also offers the largest trading opportunities thereby offering 42 index CFDs, 21 blends, and 59 ETFs, and it also offers bonds for the traders. Although we found some very top trading platforms 2020 useful aspects of the LimeFX platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative LimeFX broker.

We finally received the entire withdrawn amount with the broker explaining that the above split was in-line with its withdrawal policies. We deposited a total of EUR 5,000 into our account, but EUR 3,000 was to our CFD account denominated in Pounds, which reduced our total deposit to EUR 4,862.53 after the necessary conversions. For this test, we opened the MT5 CFD account with Safecap Investments Limited, regulated by CySEC. The broker is also a subsidiary of Playtech Plc, a publicly listed company. Hence, it is considered to be very safe given the transparency required of public companies.

You can deploy mostly all types of strategies including scalping and hedging, investment option is available too. The company headquarter is based in Cyprus and regulated by local CySEC, additional entities are regulated by Australia Securities and Investment Commission , FSCA in South Africa. The withdrawal times vary depending on which payment method is being utilized. All of them lie around the same industry normal of a several business days which is often between 2-5 business days.

Users of the company have access to round-the-clock professional technical support (24/5), which will always help to find the answer to any questions. The LimeFX official website is distinguished by information content, there is a lot of materials about the company, trading conditions, platforms, analytics and training opportunities. The process is fast and is carried out from the trading platforms of the brokers. Both beginners and professional traders can open an account on LimeFX without any hitches.

While FCA or the Financial Conduct Authority is the major regulator, each jurisdiction offers unique benefits and a myriad of trader protection policies that vary from one jurisdiction to another. The trading assets on a platform include and are not limited to shares, currencies, indices, commodities, and cryptocurrencies. LimeFX offers bonuses for new traders – by signing up and depositing money, you get anywhere from $25 to $3,500.

The platform can be downloaded for free from the Apple App Store and the Google Play Store. Traders can now trade while on the go, create watch lists, set alerts, and manage their portfolio. LimeFX offers traders two different types of accounts to choose from, a Demo account and a Real account.

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