LimeFx broker reviews: LimeFx Detailed Review 2020: Is This Forex Broker Scam or Legit?

LimeFx broker reviews
LimeFx broker reviews

The lowest spreads as of December 2018 was for the EUR/USD which was as low as 0.7 while for the AUD/USD pair was 1.1. Compared to some of its rivals, it is fair to say that LimeFx has competitive prices. The good thing about the fixed spreads is that during volatile news the spreads are static and don’t widen. Broker has been operating since 2012, but it has not received many industry awards to date.

LimeFx broker reviews

Because of this, all deposits through the platform must be effectively segregated in order for it to be granted regulatory approval. You can also see the demo account as part of the same idea, and learn as you go, to make sure that you maximise your potential for success. You can catch the staff members on the end of a phone in a number of languages, which is good for those who may have decent English but are struggling with some specific terms. If you simply find it easier to converse in some of these other popular languages, then the option is there, and it is not one that every broker will offer. You can usually host live chats with different language options, but multilingual phone calls are a plus point.

Forex trading has its own set of more active currencies such as GBP, EUR, JPY and USD. If you want to invest in less common pairs LimeFx has expanded its list of currency pairs so you can do so. LimeFx is a secure broker that meets the requirements to provide its financial products in Europe and abroad through CFDs. These LimeFx tools are widely used by investors because of the benefits they provide. LimeFx provides traders with a premium education site that is free for access to all website visitors.

Users, being the most valuable asset of LimeFx, receive both the security and comfort of a large operation – unlike any other in the online market. If you believe that your broker has wronged you and you want your deposit back, our dedicated team of professionals can help you now. During the board meeting on July 6th, 2020, CySEC approved the broker’s request to renounce their Cyprus LimeFx Firm authorization. Rather than implement the changes necessary to meet CySEC regulations, the broker decided to abandon their CySEC registration. The other two companies, Rodeler Ltd and LimeFx parent company Hoch Capital Ltd, did not implement corrective measures.

TradeATF Minimum Deposit

Furthermore, you can open a free demo account funded with virtual money that is helpful for testing strategies and practicing trading in. Global.LimeFx also caters to Muslim traders by offering Islamic swap-free accounts. The broker has floating dealing spreads, so you can expect them to vary depending on the asset traded and market conditions. Spreads can also change depending on the type of account you elect to open, with Silver account traders paying away a wider spread to trade than Platinum account holders, for example. The broker also supports the MetaTrader 4 trading platform that is very popular among retail forex traders, and it also has an in-house platform called Webtrader you can use in a web browser. Broker lets you employ expert advisors to automate your trading implemented via MT4, and it allows both scalping and hedging strategies to be used.

Their attempt has failed, as both Cyprus and the UK have banned the company from carrying out any LimeFx activities. CYSEC has announced that it has suspended the activities of Hoch Capital Ltd, the parent company of LimeFx. The company had been operating on a global scale while bearing the official designation of a Cyprus firm in an attempt to evade stringent investor protections. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. You will also have the possibility to fill out an enquiry form from the LimeFx page by entering your details.

In addition, you will have all the functionalities of the real account and you will know how the broker works without exposing your money. They comply with the Islamic law, which does not generate interest or commissions during the night, so they are approved by the clients, according to their opinions. The default account is the Silver Account with a minimum deposit of $250 and fixed spreads from 2.2 pips. On the Gold Account the fixed spreads will be 1.3 pips and on the Platinum Account 0.7 pips, all very low according to opinions. LimeFx allows you to trade with Bitcoin, which is the most important cryptomoney in the world. Due to its significant growth in the market, investing in Bitcoins will provide you with a range of capitalization opportunities.

Clients can access the help desk by email, phone, a contact form on the website, or a handy and responsive live chat option. Customer support can be accessed five days a week, from Monday to Friday between 6am and 7pm. It is possible to submit requests by email or contact form at any time, but you will have to wait for a response on any requests submitted outside of regular support hours. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Research & Visualization Tools

If you are looking for enough stock options to diversify your portfolio, and are considering signing up to a higher-level account anyway, then it could tick all the boxes. The wide range of stock and trading opportunities suggests that LimeFx knows what it is doing, especially when it comes to providing one of the biggest selections of brokers out there. However, there are plenty of sticking points that do not do it any favours, and will leave many questions for those seeking reassurance by viewing the website.

All information on is only published for general information purposes. We do not present any LimeFx advice or guarantees for the accuracy and reliability of the information. It should be noted some banks use intermediary banks that charge fees, which is the client’s responsibility. Nevertheless, Platinum client’s of LimeFx may consider using the most popular software in terms of charting and analysis, the common MT4 which is an option too. The platform is available on a desktop version and combines all available tools and features. This is good news when it comes to protecting your LimeFxs as they cannot be kept next to the directors’ pot.

LimeFx broker reviews

Other markets include commodity CFDs, which are limited to commercial names in Europe, Australia and the United States, as well as a selection of global markets such as oil and gold. The trading of gold and other precious metals involves hard commodities that are contract-based tradable goods. Bonuses that are known as rebates are credited to the trader’s account once they have completed a trade, while regular bonuses may require traders to carry out quite a number of trades first. Traders should also keep in mind potential hidden fees that some brokers might charge, which include inactivity fees, monthly or quarterly minimums, and margin costs. A commission is similar to the spread in that it is charged to the trader on every trade placed. The trade must then attain profit in order to cover the cost of the commission.

Deposits & Withdrawals

Our LimeFx review shows that the broker and its parent company have run afoul of many of CySEC’s regulations in the past few years and that this has finally caught up with them. In conclusion I’ll give them 4 stars since my lack of experience played a big roll here. They are trustworthy as brokers but they are not your friends and you probably shouldn’t listen to everything they say. Also just have them hump off if they dare compare your capital with someone else’s. In general, it should be said that LimeFx doesn’t offer anything unusual and includes everything you expect from a brokerage firm operating in today’s competitive market. LimeFx is regulated by the Cyprus Securities and Exchange Commission .

Aside from offering the chance to trade forex via a suite of MetaTrader 4 platforms, they also provide a great deal of package for their clients. Are they able to offer something new and competitive in this marketplace? limefx This standard platform has a wide array of features that have made it the most popular choice for many online investors. There are many technical indicators and a slew of advanced trading options.

Major credit cards, major e-wallets and banking wire transfers are the deposit methods of choice. In line with internationally mandated regulations, KYC/AML identity documentation must be current, on file and in order before any withdrawal request can be honored. Spreads for the highly traded “EUR/USD” currency pair begin at 2.2 pips for Silver members and fall to 0.7 pips for Platinum membership. Customer service reps are responsive, and you can avail yourself of a multitude of eBooks, videos on demand, training courses, tutorials, and informative articles, as well.

  • Are they able to offer something new and competitive in this marketplace?
  • If you continue to browse this website, you agree to comply with the terms and conditions and privacy policy.
  • Forex trading has its own set of more active currencies such as GBP, EUR, JPY and USD.
  • Once you have installed the chosen platform, you must complete the username and password that you have received by email.

The broker also uses high security measures regarding customer data, with Secure Sockets Layer encryption in place across the site and throughout the company. Global.LimeFx have a few different options when it comes to making payments and withdrawing your funds. Some third-party online transfer systems, such as Neteller, are also available. Customers can deposit by signing in to their account and going to the Deposit Funds button, which will be displayed in the side menu once you are in your account area. Withdrawals are also simple to request within your account area, and are generally processed within one working day, although not all withdrawal methods are instant. Justin is an active trader with more than 20-years’ industry experience of working for big banks and hedge funds.

Trader Financial Products

Not exactly as you do when you invest – I go long with a preset stop loss and normally the deal lasts 1-5 days on average. Safety of the funds comes first place, so the fact that this broker keeps client’s funds on segregated accounts was limefx really important to me. LimeFx is a completely secure and reliable broker that operates under the European rules governing the trading market. It also complies with all the requirements of the regulatory bodies in which it is registered.

Domain Age of LimeFx:

It also ensures that in the event of unexpected insolvency or something similar, you will be able to get most, if not all, of your money back. The stock broker LimeFx operates out of Europe due to its legislative links being based in Cyprus, which is in the EU. Bilingual customer service staff available “24X5” via live chat, email, and direct phone line. We go beyond the quantities or amounts to make a real and measurable review that is based not just on the pros but also on the cons. LimeFx is operated by Hoch Capital Ltd, a company that is licensed by the Cyprus Securities and Exchange Commission and in accordance with the Markets in Financial Instruments Directive . It’s a good indication that they abide by the regulatory conditions set by these trusted financial authorities.

On the contrary, you can come across a risk warning on almost every page of the site. Meanwhile some brokers try to make you invest more and more, even if you lose everything. LimeFx acts differently, making it clear that trading is not a joke and you should feel responsible. The broker offers bonus for deposit, but it looks like the bonus must be discussed individually with the manager, once you open an account.

No, LimeFx is positioned toward more experienced traders as its initial minimum deposit is fairly high and it does not offer as many educational tools as other brokers. LimeFx offers customers a range of deposit and withdrawal options. The company does not charge any fees for these options and the minimum withdrawal amount is $100 per request. LimeFx is committed to offering traders a competitive trading environment through its professional team of expert traders, low costs, powerful trading platforms, and updated market analysis.