LimeFX Review Is It A Legit CFDs Broker?

In sum, LimeFX is a well-established regulated broker. On the technical side of things, the platform uses the MetaTrader 4 platform, though it could implement more features for safeguarding individual user accounts. MetaTrader 4 is a world-class trading software and powerful technological trading engine that provides tools and for different types of traders.

LimeFX scam

They also offer a free VPS on all accounts, as well as LimeFX news and updates. The registration process is very smooth and quick but the spread is very tight which is difficult for a new trader to deal with. Pro account type comes with full customization only for professional traders. Among the best features that these platforms offer are 4 types of order executions, 24 analytical objects, and customized trading.

MetaTrader 4

As per our review, LimeFX provides four types of accounts, where the trader can choose as per their choice and as per the services rendered. Each of the accounts has specific advantages, yet it also has a few limitations. Specifically, the amount of leverage also depends on the type of account.

  • Most of the trading tools that are offered by LimeFX are those included in the MetaTrader 4 platform.
  • It offers traders the opportunity to trade CFDs on various asset classes such as metals, stocks, forex, indices, commodities, and digital currencies.
  • Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.
  • The platform is available in most countries in Europe, Asia, and the Middle East.
  • Even though the platform offers an extensive range of tools and trading platforms it charges competitive fees.

The registration process is a little bit time taking but It is ok to spend time for safety measures. Otherwise, the broker is offering 250+ financial instruments which is a very good number. LimeFX is offering more than 45 currencies pair along with 50+ popular cryptocurrencies and many more. The thing I do not like is the broker is offering very little leverage to their retail account investor.

What is your objective to choose a particular broker whether to trade Forex pairs, stocks, crypto or commodities? All these questions you need to ask before signing up for a broker. Here we are going to talk about the LimeFX in detail to give you a perspective on this broker. The broker does not charge commissions and deposits fees, although the latter may be charged by your payment provider. Spreads start from just 0.03 pips and swap fees are in line with the industry average. Gold and Platinum accounts come with discounts on swaps and tighter spreads, however.

Traders using LimeFX will have access to multiple deposit options and account types. It ensures great convenience for traders of different levels. LimeFX offers brokers access to a comprehensive educational section. The educational section is geared towards to different types of traders to enhance their skills and knowledge. LimeFX is an online brokerage that allows traders to trade on hundreds of assets using CFDs. The broker was launched in 2020 and has been offering its services to traders continually since then.

The account is specially designed for Muslim traders following Shariah law. With no hidden prices and requotes, the account is for simple trading. It also does not have any overnight charges, and the position could be held for no specific period. The traders of Islamic accounts have many features similar to the accounts as mentioned earlier with some changes. I think they’ve been growing rapidly because of the free stock offer, and yes customer service can be slow to respond; you have to give them four or five business days. DON’T keep following up until they respond- otherwise your question winds up at the back of the queue again. Pricing & Fees

The broker offers a straightforward account opening process. Traders have to follow the five simple steps which include personal information, account details, uploading KYC, and depositing the funds. Apart from this, the broker uses the segregated bank accounts of the top financial banking institutes for depositing its clients’ funds. The broker also uses advanced technology and encryption systems for protecting the client’s data.

A demo account is always a good thing to see at a broker because it gives prospective traders the chance to check out the broker’s platform before making a deposit. LimeFX has demo accounts available for anyone to give their platform a try. These demo accounts can also be used to test out new trading strategies to ensure profitability before using them with real money. Of course the easy fix for this is to trade at least once every 60 days, or to simply withdraw all funds if you aren’t going to trade in that time frame. There are no inactivity fees assessed on accounts that have no funds in them.

MT4 Web Trader

Trending Brokersaccords traders and investors with some of the best hand picked brokers that can harvest their needs for booking profits in the world of financial market. limefx scam According to me, the account opening process is a little bit complicated. I started doing trading with LimeFX from last year, I haven’t found any difficulties.

This broker offers Metatrader 4, one of the most popular trading platforms for people in the trading industry. This software can be downloaded, and it needs to be installed. Both new and experienced traders prefer this Metatrader 4. As per our review, this broker provides a mobile app that is available for Android and IOS devices, which is designed to make trading easy. This app offers full access to some of the web platform features and connects to the MetaTrader 4 trading platform.

• There are no hedged positions on the account at the time of withdrawal request. The platform might also require you to provide payment documents to verify the origin of funds. This LimeFX review will cover all the important elements of this platform. We will provide you with detailed and useful information to help you make an informed decision on whether this platform is suitable for you.

  • You notice this directly on the website, because the website is not only easy to navigate, but also very appealing.
  • Start by filling in the following form and a representative will contact you to provide all the information you need to know in order to get your chargeback process started.
  • For instance, it features account segregation and encrypted transactions.
  • The ratio is significant as they give a higher position to traders in the market or trading financial instruments.
  • Professional traders will need to contact customer services for information on the Pro account.

They also offer Metatrader 4, which is very useful for new and experienced traders. This broker provides market insights by researching and analyzing the market. The LimeFX platform offers a dedicated and professional customer support team who are available 5 days a week.

How to Speculate on Bitcoin CFDs with LimeFX

The support and service offering could be improved with a real German customer support with an office in Germany. The account level classification is apparently done by telephone agreement with the personal account manager. LimeFX provides you with the opportunity to trade over 250 financial instruments, including CFDs on forex, stocks, commodities, cryptocurrencies, indices, and metals. The broker also supports MetaTrader 4, boasts a wide range of research materials, and offers three different account types.

However, these are individually graded depending on the deposit/credit balance. In terms of trading software, LimeFX has focused on MetaTrader4 and offers it as a web, mobile and desktop version. If we had to mention one other area for improvement it would have to be the broker spreads, but as traders we always want lower costs. These include trading articles, webinars, tutorials, videos, eBooks and courses.

  • When using the WebTrader, traders get access to various features including analysis tools, charting tools, all from their modern web browser.
  • Even better, you can create your own technical studies, which enables you to build a custom strategy.
  • The brokerage firm has various features to ease the process of forex trading.
  • It also offers an exhaustive and wide range of educational materials that help improve your trading skills.
  • The Broker offers a highly dedicated customer care team.

Professional traders can apply for LimeFX’s Pro account, which offers expanded leverage options and VIP support. All of the companies that you can trade through this brokerage are popular US companies on the NYSE and NASDAQ. You’ll find most of the big tech stocks and financial firms, plus some legacy automakers and other names from the S&P 500 index. Stock trading is relatively inexpensive, with spreads typically around 0.21 pips.

We use dedicated people and clever technology to safeguard our platform. Companies can ask for reviews via automatic invitations. I have recently registered with them just to see what is there.

nvesting Mobile Trading

This is very pathetic and I felt so bad losing my LimeFX. I did a due diligence test before investing with them but guess what I ended up getting burned. This is to create awareness, not everybody can be as lucky as I was.

You can’t look ahead to the rest of the week or the rest of the month, and there’s no way to sort data by event type or country. The first thing that stands out about WebTrader is that it’s highly customizable. You have the freedom to arrange the platform however you like to optimize your trading efficiency.

Traders can also choose from several account types, customizing their trading to their needs and experience. Adding in a good selection of educational resources allows traders to improve the knowledge and skills. One downside is the customer support, which we found to be sub-par, and the website, which has too many errors in coding and information. I like the LimeFX financial instruments range which consists of commodities, forex, indices, etc. MT 4 platform and the mobile trading app is available to get access your trading account from anywhere. Since its launch, LimeFX has continued to grow and offer trader innovative features and access to over 250 tradable instruments.

In some online customer reviews there were some complaints that live chat wait times are longer than at other brokers. We tested this ourselves and received a response in under a minute to some simple questions, which seems totally acceptable. This was on a Friday afternoon, so that could have had an impact on the response times. Note too that even though LimeFX is not charging any deposit or withdrawal fees, there could be some fees imposed by the banks or payment processors. At LimeFX there are a number of methods for depositing and withdrawing funds, and all of them are completely free from any broker fees. The currently accepted methods include bank wire, credit cards and debit cards, and online e-wallet systems such as Skrill and Neteller.

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