This broker did not score well during our testing process and is not recommended by our experts. We strongly suggest choosing a broker that has gained a high score through excelling in all departments instead. To learn more about how we test and recommend brokers, read our methodology. LimeFX customer support is available 24/5 from Monday to Friday.
LimeFX brokerage company launched in 2011 under the wings of the Octa Markets Limited corporation based in Kingston. However, the broker’s main offices are based in the offshore regions of Saint Vincent and the Grenadines. Trading platforms include tools like autochartist and other plugins for trade analysis. Discover a broker you can trust by reading our in-depth and honest reviews, created by industry experts.
The Forex broker secures your personal area with the latest 128-bit digital encryption technology. First you have to participate in LimeFX’s Status Program and achieve at least the Silver level. Then you have to download and install the Autochartist plugin. You will now receive free automated alerts with a trend prediction accuracy of 83%. Cryptocurrencies– LimeFX supports trading in digital currencies such as Litecoin, Ethereum, and Bitcoin.
LimeFX’s website details all the information that can render you contact customer care. The information distributes well on the website, and accessibility is easy. However, the broker offers several channels to solve the trader’s problem. For example, one can access the FAQ section containing several questions likely to be raised by the trader. In addition, it provides a live chat section that links traders with the nearest customer care.
Status Program is LimeFX’s way of rewarding loyal traders. You can achieve a higher status by maintaining a higher balance. The broker tries to serve all sorts of traders with its services. It offers several trading accounts for traders to select from depending on their skills and trading objects.
Types Of Accounts At LimeFX
In addition to Bronze and Silver benefits, Gold players get benefits such as faster bonus withdrawals, lower spreads, and accelerated transfers. If a broker is not licensed by the regulatory authority in your jurisdiction, that likely means that they are unregulated and should be avoided. Even if the brokerage is regulated, it is best to avoid it if the regulator happens to be outside your jurisdiction. limefx official site There are a lot of brokers out there operating under fake company names or that have other fraudulent operations. A little bit of preliminary research can go a long way in protecting you and your finances. The first step to protecting yourself from fraudulent parties online is to do thorough due diligence on the companies and entities that you are planning to send the funds to.
You can make deposits and withdrawals without paying any commission to the online broker. Plus, you can maximize your profits by copying the trades of expert traders through the CopyTrading App. For fiat, deposit channels include bank cards, wire transfers, and E-wallets like Neteller and Skrill.
Based on this user feedback, it appears that LimeFX-Pro is not a trustworthy broker, and hence, extreme caution should be applied before investing through their brokerage platform. The broker has no commissions in withdrawals, deposits, or trading. LimeFX offers a few options with regards trading accounts. The online broker deactivates MT5 and MT4 demo accounts if you leave them inactive for 30 days.
Mistakes can happen even with the most cautious of investors, and should be used as a learning opportunity. Be careful and verify your information through multiple sources. Constant vigilance should be applied at all times when sending money online. FX Audit reviewed and tested dozens of brokerage services. Sign up to our newsletter in order to receive our exclusive bonus offers and regular updates via email.
- However, some accounts may face inclusive overnight swap fees and commissions on the markup spread.
- This broker did not score well during our testing process and is not recommended by our experts.
- Even if the balance goes negative because of Stop Out, the company will make the required compensation and reset the balance to zero.
- You don’t have to pay commissions on withdrawals and deposits.
There are several benefits to trading with LimeFX, a leading broker in the forex world. Clients love it for its convenience and reliability, especially as they can start trading with as little as $50 deposit. On top of that, with every transaction, traders will receive a free 50% bonus. Moreover, with LimeFX, you can trade at the prices krakenfx you see with immediate execution and there are no commission fees on deposits and withdrawals. It’s right to deem that you might have caught wind of the available markets in LimeFX through this review. As slightly discussed, the broker specializes in Forex and CFD trading and currently holds the best FX trading platform in Asia.
The online broker executes 97.5% of the trade orders without slippage. Author at Scamrecovery.net Brandon Linton has spent the last 2 years writing financial reviews. Make the first deposit starting from $100 and submit a verification document for withdrawal.
MT4, MT5 and the new cTrader, are the choice offered for a trading platform. There are a number of different LimeFX Forex bonuses, as well as a range of promotions, contests, and promotional programs. MetaTrader 4 – This user-friendly platform has become a favorite for many traders and brokers. Market manipulation Over the years it has been available, it has shown itself to be very reliable and capable for a wide variety of traders. There are a range of useful tools and techniques available such as market indicators, charting tools, advanced risk management, scripts, and real time market execution.
Got Scammed By LimeFX
Additionally, other incentives may also be provided to encourage the investor to get their friends and family onboard the platform too. The broker waives fees and commissions on deposits and withdrawals. However, some accounts may face inclusive overnight swap fees and commissions on the markup spread. LimeFX cTrader is floating spread starts from 0.8pips while on the other platforms, it spreads from 0.6pips. However, the initial minimum deposit across all the platforms should be $100 and above for the first deposit. After, the amount shaves down to $25 for bank cards and $50 for E-wallets.
How Long Do Demo Accounts Last At LimeFX?
It is called the SuperCharged real contest and all a trader has to do to take part is open a real account, make the minimum deposit, and tick in a box to take part. There are also some rewarding LimeFX Forex bonuses to make trading a little more interesting. All the normal payment channels are supported by LimeFX, including bank wire transfers, Skrill, major debit and credit cards, as well as UnionPay. Traders can choose to make deposits either in USD, or EUR, with the minimum deposit being only $5. Withdrawals have extra security protection, as an email is sent to confirm the request before the withdrawal can be made.
Binary Options Scams
LimeFX also cushions traders with incentives like a 50% bonus of their first deposit monetary size and curbs their account from negative balance. LimeFX prides itself with over 3.5 million active traders and operates in more than 100 nations. The broker holds about 38 achievements under its wings with only ten years in the forex trading arena. However, it falls in the two-tier regulation category as only the CySEC supervises its operations in Europe. Despite the bruise of being poorly regulated, its services attract more clientele every day. LimeFX has a very interesting contest that traders can choose to participate in for an opportunity to win some great prizes, including an iPhone every month.
As the holder of a demo account, you qualify to participate in a number of contests with real money prizes. The broker operates under the eyes of a two-tier regulation body in the European region while the other arm serves clients in Asia in response to the , Mauritius. In Europe, the CySEC ensures the broker abides by all trading laws and offers quality services to its clients. In addition, the agency makes sure the broker adheres to trading laws laid by the MiFiD in Europe.
MetaTrader 5 – This multi-asset platform offers outstanding trading possibilities and technical analysis. CTrader – This software solution is a relative newcomer, but is already gaining a lot of interested traders. It is amazingly customizable and the interface is new and exciting. There are a few more bells and whistles than MT4, so this option is one that is definitely worth trying, especially as there is the option of a free demo account. You can use Account Monitoring to share your charts, profits, performance, history, and trade orders with other traders.
LimeFX offers trading tutorials to traders looking to improve their skills. Learners access tutorial resources via its websites like videos, webinars, and glossary. It tops up the resources with short content-based learning materials such as Forex basics, instructions, and answered FAQs for those who possess some trading foundations. The account opening and verification process at LimeFX involves a few quick steps. The steps show the account opening procedure as illustrated by the broker. However, before you begin trading, the broker offers a demo account to improve your trading skills.
LimeFX offers traders two trading platforms to choose from. Both platforms can be used on a desktop, laptop and mobile device. MT4 is the name that will be most recognizable, but there is also a relatively new option called cTrader.
It deals with currency pairs, indices, commodities like metals and energies, and top cryptocurrencies. LimeFX rolled out in 2011, targeting beginners, intermediaries, and professional traders in the forex and CFD trading market. Over the last decade, the broker grew and currently serves more than 3.5 million traders in Asia and Europe. It is headquartered in St. Vincent and the Grenadines offshore regions.
In compliance with financial regulations, LimeFX maintains client deposits in separate bank accounts. In addition, LimeFX provides negative balance protection to all its clients, ensuring that no client can lose more than his/her initial investments. Even if the balance goes negative because of Stop Out, the company will make the required compensation and reset the balance to zero. Commodities– Trade a variety of commodities such as crude oil, silver, and gold on the LimeFX trading platform. When searching for brokers to conduct your trading activities with, the first and most important step should always be to learn about their certification.