LimeFX offers trading Commodities, Shares, Indices and Cryptos… We are sorry to see that you did not have the best experience. It’s our goal to make sure that every customer receives the best possible service. With that said, we would like to emphasize on the fact that Forex trading is highly risky, and profits or losses are nearly unlimited in this market. Therefore, it is extremely important to keep abreast of changes in the market, and understand the different mechanisms of trading.
The brokerage is regulated by the Financial Sector Conduct Authority of South Africa, so it has its papers in order to prove legitimacy. LimeFX is compliant with the ICF and ESMA to ensure customer funds are always safe and secure. LimeFX initiates a margin call at a 100% equity margin level and closeout at a 50% equity margin level. I also recommend checking the costs from the payment processor to the bank account unless a debit/credit card is available. Traders should select the payment processor with the lowest fees.
Only around 160 different trading instruments are available. One of the advantages of trading with CFDs is the use of leverage and margin, which makes the cost of entering a position much lower. That said, the commission is charged on equities https://limefx.biz/ and cryptocurrencies, which are charged at 0.8% of the asset’s notional value. Spreads start around 2.5 pips for EUR/USD in the Classic account and $0.10 for crude oil. Make sure you have completed the registration and verification process.
Forex brokers often lure new traders with offers of deposit bonuses. This can be useful, but it is essential to discern what the conditions are to really benefit from a bonus. Leveraged product trading magnifies a trader’s potential profit – but of course, also increases the potential loss. This facility that enables traders to get a larger exposure to the market than the amount they deposited to open a trade, is called leverage.
To make deposits/withdrawals, you can use a credit/debit card, Skrill, Neteller, or wire transfer. A broad range of educational resources available for traders of all levels. The proprietary LimeFX Trader platform has a multi-view option and allows users to trade on over 160 underlying assets, with the additional use of stop loss and take profit features. LimeFX is a very well-regulated Forex broker that can offer traders a prominent level of safety and security. I was one of them that lost money with this scammers, the reason why I’m writing this review is to Alert people not to get involved with this Scammers.
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Execution-only brokers, which do not involve in personal LimeFX advice and give traders complete control over how they trade the markets, usually charge lower commissions. Seeing that the minimum deposit is actually for all the accounts they offer, the best choice would be to take the VIP account to benefit from the competitive spreads. You know the modern brokerage industry is flooded with scams.
Thank you for taking the time to review LimeFX and we are sorry for the inconvenience. Please be kindly informed that our sources and the use of clients’ personal data are in line with the GDPR regulation. If you wish to have your personal information removed, please contact our team at -int.com. We are sorry you did not have the great experience we try to give all of our clients here at LimeFX. Please make sure to inform our support team about your experience at -int.com.
- Interactive courses teach trading strategy and technical analysis.
- We have conducted an extensive fundamental and technical analysis to identify the best technology companies in Kenya.
- 72% of retail investor accounts lose money when trading CFDs with this provider.
- When it comes to the Classic and Silver accounts, they are practically the same, with just the addition of educational videos with the Silver.
- LimeFX is considered safe, as it is regulated by top-tier financial authorities, like the Cyprus Securities and Exchange Commission in Europe.
The bonus is just a way for the broker to reward the trader’s choice and give all or some of these expenses back to the trader. I created my account a month ago with no previous trading experience. Alona Zhyhadlo was appointed my account manager and she was cheerful and helpful from the get-go. She taught me the basics and I made good profits from her lessons and assistance. I’ve also lost some money but that’s expected with CFD trading.
What type of broker is LimeFX?
Trading Central products are available to account holders along with MT4 indicators, market analysis, news, and summaries. Watch the most common forex scam videos and how to avoid them starting right now. LimeFX is an online trading brokerage owned by Mount Nico Corp Ltd from Cyprus. It also comes with a great training library, further cementing its place as a great option for beginner traders.
NicoFX has even higher spreads, with the EUR/USD pair at 2.6 pips. It seems like the parent company is simply trying to cast their net as wide as possible. Rather than being pigeon-holed into one specific option, you get to trade shares, crypto, indices, commodities, and crypto through LimeFX. While some brokers only allow you to trade one specific thing like commodities, forex, crypto, etc.
Scam reports have surged over the past year, with claims of account managers asking for more deposits before honoring withdrawal requests. Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders to check for regulation and verify it with the regulator by checking the provided license with their database. LimeFX is a brand new worldwide on-line Forex Broker for investing in CFD’s on a variety of things like Foreign exchange, Crypto and Shares. The corporate was launched in June of 2019 making them a reasonably younger Forex Broker. LimeFX affords traders and day merchants like your self, a simple to make use of web-based CFD buying and selling platform referred to as TraderSoft.
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Traditonal currencies and commodities trading is always good. But after what elon musk started doing to crypto market, my choice is frequently to trade crypto cfds! We at 24ForexSecrets believe LimeFX is a broker you can trust and choose at any point, considering it has a diversified trading offer for all types of traders. Keep in mind you must live in EEA or Switzerland to be able to open an account with this company. For more information, visit their official website or use the broker’s customer support service.
- Exhausting your valuable time and capital for reckless passport checking and postal address for their’s scammer trading.
- Gold members also get dedicated account managers, whereas VIP members get access to senior account managers.
- Security is a top priority for LimeFX, which is why the broker relies on some of the latest trading technologies.
- The corporate was launched in June of 2019 making them a reasonably younger Forex Broker.
- And, indeed intently disguise any relevant information from his company’s details.
The two highest tiers of accounts also feature a dedicated account manager and access to VIP educational resources such as webinars. Traders based in the EEA or Switzerland can find in LimeFX a reliable trading partner, considering the brand is backed by a well-known Cyprus LimeFX firm. The innovative brand also offers one-of-a-kind limefx company reviews weekly free webinars hosted by Michalis Efthymiou, LimeFX’s Market Analyst. Following them you’ll be able to discover the world of trading. In addition, LimeFX offers more educational resources such as exceptional Trading Video Tutorials and valuable Trading eBooks, for traders to continue learning with comfort.
But the persistent calls day and night has been annoying. Not able to block the number as they call from many different numbers. Answered one of the calls and had this guy refusing to get off the phone insisting that I hear him out.
LimeFX.com Forex Broker Review ( – SCAM
With 25% of the world’s population practicing the Islamic faith, Islamic forex trading has continued to gain popularity worldwide. LimeFX does not offer an Islamic Account to traders of the Muslim faith. This is a drawback to such traders, as an Islamic Account fulfills an important purpose, as outlined in more detail below. Unfortunately, LimeFX also does not offer much in the way of education, of either a technical or fundamental nature, outside of that which can only be accessed after opening an account with the broker.
- Prior to making transactions one should get acquainted with the risks to which they relate.
- They have a fine selection of assets and maintain their registration with CySEC.
- I don’t doubt that you can name these assets if you have enough trading experience.
- Trading bots are growing in popularity with modern traders and are especially helpful for those just starting their portfolio.
- Obviously, as you go up in stature, the accounts become more tailored towards the full-time, high-end traders.
The trading costs are mostly in line with the industry’s average. The MT4 platform can be downloaded for Android and iOS and has a user-friendly and widely accessible interface that will please most types of traders. Therefore, beginner traders will have to first educate themselves on the various aspect of trading elsewhere before choosing to sign up with this broker. As a general explanation, a bonus can be best understood as a way of compensating traders for having decided to open an account with a chosen broker. Advanced traders will enjoy the customizable approach and advanced trading features. I have been trying out the stock market and have had a bit of a rollercoaster ride making both profit and loss.
First we deposited around $200 then the manager pushes us to invest to $2000. They instruct us to buy losing trades to the point that all the money got liquidated in a few days. LimeFX clients will receive top-quality assistance that will make their trading journey special. From the very beginning, LimeFX’s team has always been committed to the principles of close relationship with clients, becoming the helper you need.
Services by Trading Central and MTE Media present traders with quality research and educational services. The Trading Central MT4 plugin provides traders with quality third-party research. LimeFX also partnered with MTE Media, a leader in the financial education market, for a comprehensive research package. LimeFX scatters limefx official site the content generated by MTE Media over five sections, which I find unnecessary. Reports of withdrawal issues and trading restrictions if traders become consistently profitable. Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want.
The majority of the eBooks are suitable for all trading levels and include step by step trading guides, different trading analysis, and CFD market secrets. You also get your general trading calculators, as well as access to daily market news, which can come in handy for traders that are looking for exploitative moves. The brokerage’s minimum deposit amount is $250 dollars, which is fairly industry standard and a respectable, yet accessible limit to set. For a regular account, the process is no different from the other brokers out there.
Before deciding to trade Forex or any other financial instrument, you should carefully consider your LimeFX objectives, level of experience, and risk appetite. LimeFX is a brokerage company offering trading services for clients since 2019 with offices in Cyprus. They are scammers, quick to receive but will never process withdrawals. I also requested for withdrawal, but event after 10 days there is no response. I sent mail to support team but always getting same response that my withdrawal is in process. Please don’t trust them, otherwise you will loose your money.
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LimeFX reserves the right to levy a $10 internal withdrawal fee plus third-party costs. Traders should read the FAQ section before reaching out to a customer service representative. Traders can evaluate copy trading features embedded in MT4. LimeFX deploys practices intended to drain account balances rather than maintain a competitive trading environment.
Users say that LimeFX had unreasonable demands during the verification process. The broker often rejected identification for what their clients called arbitrary reasons. User reviews across the web for LimeFX are mainly negative. Our LimeFX review found that the most common complaint was making withdrawals. Many former clients advise strongly against placing deposits with the broker. All four account types favor broker revenues rather than trader profitability, and only beginner traders might accept the conditions due to a lack of awareness.