It’s connected with the broker’s available capital, trading conditions, payments on the license and etc. Even large brokerages simply can’t fathom the costs of operating in the US and therefore try to avoid it completely. Having a brokerage which was created in 2019 caters to the US population is a definite red flag as they’re undoubtedly doing it through illegal matters. For our 2022 Forex Broker Review, we assessed, rated, and ranked 45 international forex brokers over a three-month time period. Each broker was graded on 108 different variables and, in total, over 100,000 words of research were produced. LimeFX accepts clients globally, including the UK and the US.

These rules keep the broker and most importantly, the clients safe from a number of different potential risks. These risks include missing payments, stop hunts, unfair conditions and a lack of fund insurance/security for clients. LimeFX offers a range of good assets and trading platforms that allow trading on the exchanges.

LimeFX broker reviews

Generally speaking, LimeFX provides its clients all the necessary support. Experiences from the past are showing that some brokers are using web trader to change bids and ask prices, or to change opening and closing prices, in order to put their clients in the loss. Also, clients are saying that it’s not possible to make a direct deposit with your debit/credit card.

However, we decided to go past that – as we do all the time – and dig into the actual security features. And, to our surprise, LimeFX does come with high-tier fund protection mechanisms, which is pretty much what a trustworthy regulation is all about. And finally, after the discussion about trading opportunities, we’ll determine how trustworthy these claims and the whole brokerage is. Now, generally speaking, LimeFX doesn’t feature a traditional type of license, which would trigger an LimeFX scam alarm in any other review of ours.

Fees, commissions, and spreads

When you make an actual trade, like purchasing a stock or an ETF, you’re billed trading charges. In such instances, you’re paying a spread, funding rate, or even a commission. The kinds of trading fees and the rates vary from broker to broker. You can start using the MetaTrader 4 platform with LimeFX in multiple formats including through an online web platform, or through a downloadable application for Windows PC’s and Mac’s.

LimeFX does not hold a regulatory license and therefore will not provide the same level of protection as providers. LimeFX does not hold a regulatory license and therefore will not provide the same level of protection as providers with well-known regulatory bodies such as the FCA or CySEC. Also, with this company, you can use the mobile app, which allows you to monitor your trades easier.

Is LimeFX a good broker?

If you are still uncertain about your trading capability, LimeFX offers a demo account for novice traders who need a boost of confidence. You can make alterations like putting in any leverage and deposit amount in the MT4 tool. Regarding fees, LimeFX does not charge any withdrawal, deposit, and inactivity fees. Swap fees are implemented whenever there is overnight open trade and are different depending on the type of asset. Other online brokerage firms do charge commissions and hidden fees. LimeFX does implement hidden fees and is proud their spreads are comparatively lower than the others.

I was sceptical at first using a new broker as always, but they have been consistent, efficient and reliable. When it comes to the first LimeFX login procedure, you can easily create a retail trading account, which offers you a bunch of trading benefits. For instance, you can easily select the preferred base currency within the registration panel, as well as choose the trading platform you’d like to use.

  • A regulated broker equals a more responsible trading environment.
  • For third party payment providers, you can deposit using USD, EUR or GBP.
  • For instance, if you choose to withdraw by Bitcoin, you may notice that the amount you end up receiving is different from the one you see before withdrawing.
  • Besides, LimeFX still features comprehensive educational materials, as well as anti-money laundering schemes, that have always been characteristic to regulated brokers.
  • You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements.
  • LimeFX currently offers the depositing methods of Bitcoin, Credit Card, Debit Card, and Wire Transfer.

There are drawing tools for marking out support/resistance whilst the candlestick charts can be used for identifying price action patterns. I think there are plenty of tools to meet the needs of even the most demanding of traders. You can setup the platform to be as simplistic or complicated as your strategies require. The MQL marketplace has tons of add-ons so you can improve the platforms capabilities whilst there is the MQL programming interface where you can develop your very own trading tools.

Is LimeFX a market leading broker?

Nonetheless, this is more prevalent in the example of Market Maker brokers who compete with customers on the stage. If you would like to trade with LimeFX, you’ll need a minimum deposit of $10. This deposit is mandatory if you would like to begin trading with LimeFX.

Of course, the calendar cannot account for unexpected news releases, or black swan events as they are known. Between 74-89% of retail investor accounts lose money when trading CFDs with this provider. LimeFX prides itself on processing withdrawals within the same day to ensure you have rapid access to your funds. Trade CFDs on an award-winning broker to discover why thousands choose to partner with LimeFX. Benefit from multiple assets across different categories with high leverage and ultra-low spreads. Are they the type of scam that entices traders no matter the issues with their legality?

  • Prior to making transactions one should get acquainted with the risks to which they relate.
  • They are completely unregulated by any financial authority.
  • You have a link provided to you by LimeFX that is unique to you alone.

These factors amongst others help to set them apart from other brokers. I have been aware of the broker for quite a few years now and they seem to be a popular solution for those who are looking to trade cryptos without the restrictions that regulators can impose. The customer ratings displayed on the brokers website shows very positive feedback from happy clients of LimeFX. LimeFX also offers limefx forex broker unlimited access to cryptocurrency trading, offering more than 31 pairs which can be traded through MetaTrader 4, one of the most popular trading platforms in the industry. Another benefit that LimeFX offers its clients is 24/7 customer support via live chat, email, and telephone. Quick trading functions allow for locking in trading orders straight from the chart with just one click.

You can make use of an option for 2 Factor Authentications with LimeFX for heightened security. An SMS with the verification code will be sent to your mobile phone. You’ll be asked to enter this code to log in to your account. If you feel that LimeFX is not right for you then at the bottom of this LimeFX review you will find a lot of alternatives to LimeFX. After being founded in 2019, their customer base has increased to 5,000+ clients. Over the past 3 years, LimeFX has become one of the top online brokers available to the public.

Demo account

Needless to say, this is a relatively un-user-friendly practice as it drains all the potential for profits. One of the biggest benefits we were able to find was the minimum deposit which is just $10. It’s uncommon to make a conclusion in the intro of a review, but the location simply gives away the LimeFX scam straight off the bat, without even having to look at their trading conditions.

This allows for risk-free trading as well as exploring of both the broker’s offer and the trading platform. LimeFX offers traders with the use of the award-winning and popular MetaTrader 4 which was developed by MetaQuotes. MetaTrader 4 is one of the most used trading platforms available today and it is used by millions of traders from around the globe. LimeFX offers Muslim traders who follow the Sharia Law with the option of converting their live trading account into an Islamic Account. There are no additional costs indicated on the Muslim account.

LimeFX is an online broker with many clients around the globe who choose to trade multiple assets across different categories with high leverage and ultra-low spreads. The broker provides you with a reasonable selection of over 100+ financial instruments, including being one of a few brokers who offer 24/7 cryptocurrency trading. They also have a good selection of forex currency pairs and stock CFDs that can be traded on competitive trading conditions.

LimeFX offers demo accounts for the convenience of beginner traders. You may use this feature to build your faith in the machine as well as yourself and your trading strategies. These bodies have rules that ensure that trading platforms have steps in place to keep investor’s assets secured.

Can you trade agricultural shares with LimeFX?

Or are they simply a low calibre company even by scammer standards? First things first, it’s important to establish that just like many other brokers, LimeFX uses MetaTrader 4, the most known trading platform on the planet. As for the demo account, this is a free type of account that you can use for as long as possible. If you’re not confident when it comes to making a standard account from the get-go, you can settle for a demo one.

However, due to regulations LimeFX does not accept clients resident in Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America. LimeFX protects its clients’ private and sensitive data under SSL encryption. You can use credit or debit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron.