LimeFx forex broker: LimeFx Review & New Trader Rating in March 2023

LimeFx forex broker
LimeFx forex broker

To ensure fast and smooth deposits and withdrawals, you have the option to choose from several payment methods. The comparison values are based on data from 15 Forex / CFD brokers. Our in-depth and unbiased reviews help investors in choosing the best broker according to their investing needs. Before beginning, you’ll have to add a minimum deposit of $250. As mentioned above, LimeFx withdrawal issues are not big news.

One of the best parts is that traders can enjoy free market analysis tools and educational materials provided by the broker. Traders can place orders and many other things within a few clicks on the mobile trading platform. limefx Professional traders can opt for a professional account with many advanced features as compared to other trading accounts. Many features are offered to make the trading experience of traders smooth and efficient.

LimeFx forex broker

Also, available are more exotics such as Cardano, Babel, Lisk, Quantreum, Swisscoin, Stellar or Verge. There are several CFDs trading instruments available on the platform. Various financial instruments for trading with over 170 assets to trade in CFD.

Comparison LimeFx vs. average Broker

LimeFx is a brand-new CFD & forex broker located and regulated in Cyprus. LimeFx is a trade name operated by iTrade Global Ltd, authorized and regulated by the Cyprus Securities and Exchange Commission (License number 298/16). Moreover, there are trading courses and assets hubs that help excel at the trader’s level.

A lot of different platforms claim that they are one of the best forex trading platforms in the world. A good trader knows that tMT4 is one and there is no list after that platform. The presence of MT4 makes the broker invincible in the platform section. Our review of shows that they offer Forex CFD day traders and investors, the popular and user friendly MetaTrader4 trading platform. They make available both the web-based MT4 trading app, along with standard MetaTrader mobile apps. They offer CFD trading in more than 170 underlying assets, including; Major Forex pairs, Exotic Forex pairs, Crypto Currencies, Shares, Metals and Indices.

LimeFx forex broker

The team is available five days a week from 8 in the morning to 6 in the evening. The team is made up of qualified representatives of the broker who help the traders with almost every query that is put in front of them. These people are more responsive than 911 in limefx forex brokers reviews white neighborhoods. The broker offers web traders and MetaTrader 4 as a trading application. The application can be downloaded from the app stores of android and iOS respectively. The lineage of MetaTrader trading platforms has been long and quality-providing.

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A form will open where you have to fill in your details and then click on create an account after accepting terms and conditions. Established in 2020, the brokerage firm has attracted a huge client base in such a short time. Our opinion about this issue is mixed as well, because on one hand, it seems legit to trade with. However, complaints about LimeFx are pretty common online. As aforementioned, LimeFx regulation comes from CySEC, Cyprus authority body.

  • It is clarified that, as from today, the 13th of January 2023, you will not be able to open any new positions/trades or deposit funds to your trading account.
  • Control your trading without second thoughts on security.
  • A form will open where you have to fill in your details and then click on create an account after accepting terms and conditions.
  • I sometimes had problems with the site, sometimes there were freezes.
  • While the trading platform offers a spate of customer and tech support, the broker also provides a handsome quality of customer support.

The firm is also not allowed to use client capital in emergencies like bankruptcy. Furthermore, LimeFx can advise financial services to most of the European Union. After checking some of LimeFx reviews, we noticed that this broker is not the best choice for trading despite the regulation. Needs to review the security of your connection before proceeding.

LimeFx Review 2023 – Is Legit or a Scam?

In our tests, we have tried to contact LimeFx services and each time we were able to get in touch quickly. If you need or want assistance, there are a few possible ways to contact the LimeFx service. You do not have to comment to rate but feel free to comment if you have an opinion on this broker. The Company will take all the necessary measures to return any outstanding balances. There are options like skrill, VISA, MasterCard, Maestro and others for deposit.

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However, we highly recommend our readers to check other regulated brokers before dealing with LimeFx. In short, LimeFx is a multi-asset online broker from Cyprus, regulated by CySEC. If you have experienced such a problem, and the broker simply refused to give you a deposit or any part of profits, report it immediately and request a chargeback. You should also avoid scam brokers such as NextMarkets, Tokens Note or IngoInvest. Global Fraud Protection recently discovered that many investors are experiencing withdrawal issues with the LimeFx broker. Every clients’ money is insured up to 20,000 euros, which can help in fraud cases.

Summary: Review of LimeFx

LimeFx is operated by iTrade Global Ltd., which is authorised and regulated by Cyprus Securities and Exchange Commission under license number (298/16). It is regulated and trusted broker offering vast trading opportunities for traders. Various types of trading instruments are available such as stocks, metals, currencies, indices, and many more.

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The broker claims your Account Manager will determine which level your account should fit. Other than those countries, every other one is prohibited. The broker specified that it doesn’t operate in the USA and Canada, while it’s on a temporary regime in the UK and can provide only limited services. As mentioned above, LimeFx is a regulated brand under the CySEC (Cyprus / EU) regulation when it comes to legal permits. Furthermore, The company’s main office – Isiodou, Andrea Laskaratou & Emanuel Roides Street 10-12, 2nd Floor, Ayia Zoni, 3031 Limassol, Cyprus. My trading with LimeFx goes really well, so far I had no issues.

LimeFx has a fast execution of orders/trading-positions, guaranteed by SAS 70 certified data centres. The available trading software mainly relies on the popular MetaTrader 4, which can be accessed via PC, from the web and mobile smartphone/tablet. It is clarified that, as from today, the 13th of January 2023, you will not be able to open any new positions/trades or deposit funds to your trading account.

LimeFx forex broker

Instead, the online broker provides a free demo account and gives you virtual money to practice. LimeFx concentrates on the usually practiced trading software globally, which is MT4. MetaTrader 4 is a sturdy, fast and resilient trading software used on both MAC and Windows workstations. Once you have registered with LimeFx, you can enter their trading platform within a demo account – free of charge. Search by account type, minimum deposit, and maximum leverage in 2,000+ forex brokers. The broker is the correct broker for you and the broker is completely regulated.

One thing to be taken care of in the whale trading demo is that there should be no baseless use of paper currency. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.

Join LimeFx and get instant access to trading on Forex, indices, precious metals, cryptocurrencies, commodities, and world-leading stocks. No limits on open positions, full control over your bids. The broker is one of the best forex brokers in the world. It is clearly indicated by the facts that the broker provides a rationed leverage and the whole game of a trader’s fate is decided by this fact.

Earn higher returns with an efficient trading platform and vast trading opportunities. Learn fundamentals of trading or new trading skills with educational material offered by LimeFx. The company’s head office is situated at Isidou, Andrea Laskaratou & Emanouel Roides Street 10-12, 2nd Floor, Ayia Zoni, 3031 Limassol, Cyprus. Most investors/traders end up losing money rapidly while trading CFDs.

Control your trading without second thoughts on security. Islamic accounts are also abbreviated as swap-free accounts and differ in almost every aspect when compared with traditional forex trading accounts. The broker is not a scam and is completely safe and legitimate. The deposit and withdrawals are not charged any fee generally but in some cases, the broker does ask for a fee for withdrawal. An inactivity fee is also charged by the traders who have been inactive for more than 60 days.

When there are so many scam brokers out there in the market, LimeFx provides a feeling of trust for the traders and provides them with the best trading environment. The traders also have to understand that trading is not a game of emotion but a game of mathematics. Payless attention to the emotions and the right amount of attention to maths and you are good to go. The deposit and withdrawal happen within three business days and the trader has to put up a withdrawal request to the broker in advance.