Is LimeFx a Scam? Detailed LimeFx Review Updated 2023

The LimeFx partnership program allows its users to experience a wide range of benefits. There is a wide range of marketing trading strategies, a partner program with global payment options, high-end commissions, and even things such as advanced tracking. And, the brokers that come with zero opening deposits are meant to attract new users. However, the transaction commissions and other fees might be higher as they come with such low costs.

• The thing about forex trading is that the prices of things that you invest in stay the same everywhere.
• LimeFx offers Islamic swap-free trading on 1 trading account level – The ECN XL Account.
• Applications for Corporate trading accounts should be submitted when a Legal or Registered Corporation intends to open an account.

But it’s worth mentioning here that past performance never promises a profitable future. Keeping that in mind, you need to do proper research before selecting and investing in anyone else’s trades. I actually prefer to take control of my own trading as I like to be responsible for my decisions.

Trade a dozen major indices, including the Dow Jones, NASDAQ, S&P and DAX. Prices are competitive with zero commissions and a minimum price fluctuation of 0.01. Traded here for a while initially on demo, then traded couple of months on a live account.

Are LimeFx safe?

LimeFx’s Price Aggregator automatically scans the market for the best bid/offer price combinations, thereby ensuring you get the most competitive and transparent executions for your trades. Keep reading our LimeFx review to find out if this broker would be appropriate for your needs. To start the process of opening an account with LimeFx you can visit the LimeFx trading platform here.

• Exchange Commission Cysec securities approved the website making it reliable.
• You will need to complete the online registration form before submitting your ID documents for verification.
• In addition, there is a range of ECN trading accounts that are designed to suit their own needs and requirements.
• Your trades are made on prices provided to LimeFx by its liquidity providers.
• The LimeFx MT4 platform does not provide access to physical assets such as stocks, commodities, or ETFs for trading.

LimeFx does not require a minimum deposit amount in order to open a live trading account, with the recommended amount set at $500 USD. I just followed a positive recommendation from professional traders I’m personally familiar with to join LimeFx. I can only confirm that it proved its reliability during a test that took me a month.

How Do I Contact LimeFx Customer Support?

It’s essential to complete the LimeFx KYC compliance process as soon as possible to avoid any delays in accessing the LimeFx platform’s features. 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. Experienced LimeFx traders can trade high risk CFD trades to hedge items in their portfolio. Below we give an overview of the account types that LimeFx offer.

LimeFx MetaTrader 4 (MT

While learning, you can also use global trading times to practice making live buy or sell trades using LimeFx. This hands-on experience can help you gain confidence and become more comfortable with trading. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position. 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.

One of the standout features of MT4 is its charting functionality, which allows LimeFx traders to analyze price movements and make informed trading decisions. As per many online LimeFx reviews & research, we can say that LimeFx provides traders with a commission-free trading environment as well as spreads that are reasonably competitive. The EUR/USD fluctuates between 0.0 and 0.4 pips, with occasional surges during market news and trading session pauses, as LimeFx clearly displays on its website. It has great operating systems, daily technical analysis, custom indicators, different funding methods, copy trading with almost zero spreads. Founded in 2010, LimeFx forex broker provides a manipulation-free portal and conflictless trading.

LimeFx Regulation and Licensing in more detail

Being a part of this blog can be one of your ways to stay up to date with all the trading stats and trends. Whether you need some suggestions or technical advice you can get all of that from this platform. An amazing thing is that LimeFx is a rare trading platform to have its dedicated blog for traders. limefx Once you find it, you can set your desired budget, start practicing with a virtual training demo account, and start trading. LimeFx is a minimum deposit company that allows its users to use the STP/ ECN model to trade and even use quotes that are directly presented by the liquidity providers.

LimeFx MetaTrader 5 on Android Devices

The current 100% first deposit bonus promotion doubles the equity of the account with the first deposit. There is no standard withdrawal fee because each platform has its own policy regarding this matter. Some platforms set low withdrawal fees while others have high ones. It all depends on what they perceive as the risk of losing their customers’ money with them. There are no fees involved in the LimeFx withdrawal methods, and you can withdraw money with ease. The minimum withdrawable amount is 50 dollars for ECN XL and ECN Standard accounts.

TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. Despite offering crypto trading 24/7, LimeFx does not offer 24/7 customer support. If you are planning to trade crypto on the weekend and encounter any issues, you may only contact support on the coming Monday. If this is a concern for you, there are brokers like LimeFx who do offer 24/7 client support and crypto trading. LimeFx brand is an international brand that is authorized and regulated in various jurisdictions and is committed to offering you the best possible trading experience.

LimeFx is a platform that is under the regulations of CySEC meaning that there are no risks about joining this as your trading platform. If you are a newbie to the world of trading, then it is going to be an amazing feature for you. Here at LimeFx, you can use a lot of different trading tools. These tools include the analysis indicator for all the trading technicalities, charging tools to keep things organized for you.

FX Capital Corp. is a global trading firm that offers financial services and products to the global investing community. LimeFx also provides customer care five days a week, so if you need help while a transaction is active, there are agents accessible 24 hours a day to assist you. Cryptocurrencies are digital cuFor the inexperienced trader, forex trading is a sophisticated and demanding kind of trade. A beginner trader is likely to lose money in their first few deals, but they will have a better grasp of the Forex market with adequate education and study. Under the LimeFx “Education & Research” tab, you’ll also find forex trading e-books and an instructional glossary. The first one is the base currency pair (e.g., USD/JPY), where the base currency is the US dollar and the base pair is the Japanese yen.

Trading indices are used in all kinds of investment vehicles, such as mutual funds or retirement plans. They can also be used to measure the performance of individual stocks in the stock market. In this LimeFx review, you will get to know about different aspects of LimeFx. Catch a glimpse of this LimeFx forex review before trading on the most popular trading platform. I am tired of comparing various account types, when I traded with other brokers.

Among other things, we may receive free products, services, and/or monetary compensation in exchange for featured placement of sponsored products or services. We strive to write accurate and genuine reviews and articles, and all views and opinions expressed are solely those of the authors. This allows traders of all levels of experience to join this platform. The https://limefx.name/ most important this about this platform is that the LimeFx regulated environment of operation makes sure that the users have all the promised safety when it comes to account equity. This is primarily due to each brokerage company having different withdrawal methods. And, each provider might take additional fees relating to currency conversion and processing times.