LimeFX Review 2020: Possible Scam Broker? Everything We Found Out

Cyprus entity offers an MT5 account offered for a conservative trader as it is suitable for the majority of investors and also supports all trading styles and social trading as well. While cTrader will be more suitable for progressive traders or professionals as offers comprehensive trading conditions with a commission-based fee structure. In this LimeFX Review, we are going to take a look at the offer that this broker prepared for its traders. When it comes to trading platforms, the broker features MetaTrader 5, cTrader and WebTrader and MetaTrader 4. After reviewing your case, we’ve found that you placed the last withdrawal request on September 20, and it was completed on our side within an hour. We wish to remind you that we ask our customers to allow up to 24 hours for a completed payment to appear in their bank accounts.

There’s no question – if LimeFX wants to compete with the best MetaTrader brokers, it needs to make improvements in its range of products and its research and education. Features like its trading glossary, platform tutorials, and dozens of Frequently Asked Questions help to flesh out LimeFX’s educational offering. That being said, there isn’t much educational content for learning how to trade or understand market dynamics. It’s worth mentioning that the broker does have a blog and a YouTube channel, yet I was still left wanting more. It’s so easy and soft for everything ‘ to create account ‘ to verify it, to make deposit and withdrawal, and to manage finance, really awesome platform , I will refer and suggest. The broker provides you with a good range of educational materials including video tutorials, trading guides, FAQs and a glossary.

LimeFX review

The broker has some useful trading tools, educational resources and a prompt customer support team on hand to assist you as and when needed. Overall, I think they can be a good choice of broker for beginners or active traders who are looking for robust trading conditions in a regulated environment. You can choose from a good selection of payment methods to make deposit and withdrawals. The funding options include wire transfer, credit/debit card, digital wallets and cryptos. I find them to be the quickest and easiest way to move funds between my trading accounts. The accounts can be opened in a limited choice of currencies, USD and EUR.

This lightning-fast application with an attractive and easy-to-use design will make everything straightforward from the first tap. Founded in 2011, LimeFX provide a fantastic selection of use-friendly yet powerful platforms for trading forex and CFD instruments with very competitive costs. You can choose from a decent variety of versatile account types, each designed specifically for different types of trader.

They have also got some of the most responsive customer support which has won them a number of awards. We also found the copy trading concept together with their educational resources a nice touch. Although the prospect of trading with free money sounds great, bonuses are an incentive for you to trade aggressively to meet your targets which could erode your profit.

You can reach them through live chat, phone call, and through WhatsApp. With LimeFX, AutoChartist gives you the space to grow as a trader, and to be in full control of your trading strategy. This will help you learn the rights and wrongs limefx website of trading, and you will be able to diversify your trading account and portfolio. LimeFX also provides AutoChartist, the best charting tool in the trading industry. Steven Hatzakis is the Global Director of Research for

I think they could improve by adding support for more currencies as the different options are beneficial because conversion fees do not apply when using an account in your own currency. LimeFX do no charge a commission on deposit and withdrawals. Secure SSL encryption helps make your information confidential and inaccessible to third parties.

Islamic Account

However, if you are based in Indonesia then you can use their local banking institutions . This is currently only available in Android but the app seems to have pretty good reviews from the users. Over 80% of all the reviews in the Google play store are 5-star reviews.

However, make certain that you know how to make the most of your money before investing larger amounts. Our entire LimeFX review for beginners covers all you need to know about trading with LimeFX. A good agent can use your first LimeFXs and help to protect it from losses but also provide you a platform that can help to give you positive profits. If you would like to make profits, you should trade with a brokerage service that contrasts with your LimeFX objectives.

  • With the mt4 account, traders have the opportunity to make use of 39 profitable trading tools.
  • For example, it comes with level 2 quotes as well as access to the FIX API. Orders are also processed much more quickly without any order queues.
  • Keeping funds separate from the company funds means that they cannot access them for any other purpose.
  • Commodities– Trade a variety of commodities such as crude oil, silver, and gold on the LimeFX trading platform.

There are not a lot of tradable funds for users to share assets. LimeFX services give traders the opportunity to perform accelerated exchanges in the trading market ecosystem. LimeFX does not offer its traders the stop loss order feature. The trading instruments provided to users are not that many for high-scale trading activity. The firm’s idea behind the launch into the trading expanse was to be of service to high-skilled advanced traders by offering them a reliable and robust trading platform.

LimeFX offers a total of 35 forex currency pairs for trading. The LimeFX Masters fee is applied if you are copy trading with the broker. This is the commission fee charged by the Master whose trade you are copying, and it is up to the individual provider how much this fee will be. The only exceptions here may be in the case of your deposit not matching the base currency on your account, you would then have to pay a conversion fee. Your bank may also charge you a commission or fee on wire transfers, though there is no fee directly from the broker.

The average spread for the most volatile asset categories is 0.6 points. The company is regulated not only by the Cyprus organization. By standards, every customer deposit is insured, so in the event of force majeure, you can count on an objective response from the supervisor. Yet, we can forgive this missing point to LimeFX as there are truly many benefits on the trading conditions they provide. The choice between the platform is always your and they are indeed very different, also bringing different price models and more suitable trading strategies. MetaTrader5 is good for everyone and has more trader-friendly software, also copy trading is available through it.

We tested the multi-lingual LimeFX team by calling them in various languages. LimeFX made efforts to ensure all of our questions were answered. At the time of writing this LimeFX review, and despite LimeFX’s impressive offering, the company has surprisingly not garnered any awards to date.

You can always switch over to a live account when you feel ready to do so. CTrader provides a convenient and feature rich environment for more flexible trading. It is also highly customisable and can be adjusted to cater to suit the needs of different traders.

LimeFX Islamic Account

The features, services, and trading conditions are nearly similar for both account types. Both the account types can be chosen either with USD or EUR as the base currency. Founded in 2011 in Cyprus, LimeFX is a well-regulated broker with oversight in place from CySEC and SVG.

Withdrawals are just as simple and all that you need to do is to head to your “withdraw” section in your account. Before you can request a withdrawal make sure that your free margin exceeds the withdrawal amount. As one would expect from any large Forex broker, there are a range of funding options at LimeFX both on the fiat money side as well as in crypto.

  • While cTrader will be more suitable for progressive traders or professionals as offers comprehensive trading conditions with a commission-based fee structure.
  • Unfortunately, we couldn’t find the withdrawal you’re referring to and look into its status.
  • We’re sorry you had trouble withdrawing your funds, and the transaction took longer than expected.
  • These are, EUR within the EU, and both EUR, and USD for traders outside the EU.
  • The updated platform is as reliable as MetaTrader 4 and supports several orders, such as pending orders, trailing stops, and other stop orders.

4 of these are available for trading through MT4 and this offering includes major indices from the EU, US, Australia, and Japan. These are Gold, Silver, WTI, Natural Gas and Brent Crude oil, with the oil commodities only being available to trade through MT5. Here are some of the spreads we found on the most commonly traded assets with LimeFX as an example. In some places, you will also be allowed to make deposits through Bitcoin.

Is LimeFX legal in India?

They’re always here to help and will be happy to provide the latest updates. Although variable spreads are offered in these trade markets, a higher spread may be transmitted depending on the number of customers. You can compare it to the initial or general trading of the stock market.

LimeFX review

We are committed to the fair handling of reviews and posts regardless of such relations. Our team is always here to help and would be happy to address any following concerns. We’re sorry you felt you needed to share your feedback with us twice. The accounts that you can create with LimeFX are MetaTrader 4 Micro, MetaTrader 5 Pro, and cTrader ECN.

LimeFX Review – 17 key points quick overview:

As per the LimeFX reviews, it offers traders a variety of additional trading features such as the Copy online trading platform and the AutoChartist trading and research tools. MT4 and MT5 mobile trading platforms can be downloaded on mobile and tablets of Android and iOS operating systems. Apart from MT4 and MT5, no other trading application is supported at LimeFX. Traders need to separately download the MT4 or MT5 trading application from the play store or app store and link it with the live trading account at LimeFX.

  • Using an online chat, the launch button of which is located in the lower right part of the screen.
  • The minimum deposit according to an LimeFX rep is $20, but they recommend $100 across all types of account.
  • With this in place, the user will not lose out on funds that were invested originally at the start.
  • We do understand that waiting could be really frustrating and will make sure to improve our payment system to avoid such delays in the future.
  • Firstly, they have their own proprietary app that can be used for account management.

From over 6,201 systems available on LimeFX’s Copytrading app, 2,432 were found to either break even or achieve profitability in the last three months – about 39% of all strategies. I found the layout useful, although I would like to see more performance statistics that would help traders differentiate from among the Masters . By comparison, industry leaders Saxo Bank, IG, and CMC Markets all offer over 10,000 tradeable instruments.

Which Countries do LimeFX support?

Details can be seen before choosing the type of a trading account – there is a whole set of conditions with which to deal for a long time. However, along with its great capabilities, leverage increases risks together with its benefits, so you should always learn how to use tools smartly. LimeFX account opening is easy to follow, trading conditions are limefx website good for platform selection and a range of instrument types. If you are new to trading, then you may prefer the Micro Account on the MT4 platform which gives you a much more minimalistic view of the platform. If you are feeling a little more confident or have a bit more experience, the charts available with MT5 may be more what you are looking for.


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