LimeFX Review2023 Is LimeFX Regulated or a Scam Broker️

LimeFX review

In terms of the research coverage, there appears to be way more focus on the Russian speaking geographies than there is on English speaking geos. They need to beef up their trading analysis and videos to tap this group of traders. If you have used a demo account and want to trade for real then you will need to fund a live account.

LimeFX review

The broker is registered in the territory of Saint Vincent and the Grenadines. Its license is № IBC 2012, issued by the Registrar of International Business Companies. The company’s services include both active Forex trading and investment offers. With a great variety of choices when it comes to account types almost all kinds and styles of traders are ensured to find what they’re looking for in an account with LimeFX account types. LimeFX forex broker is one of the leading companies in the forex industry.

Is LimeFX Regulated?

While a great deal of this material is positioned at beginner traders, they do have some tools that the intermediate / advanced traders can use. For us, customer support is one of those pivotal litmus tests that we apply to a broker. It is also worth pointing out that if you are going to be transferring funds between accounts and a currency conversion takes place, then LimeFX will try to convert the rate at close to market. When it comes to trading, you will use the MT4 and MT5 mobile apps mentioned above. These are the most popular trading apps available on the market and have been downloaded over 11 million times.

These regulatory authorities safeguard the traders with issues like reimbursement schemes that recover the investments of an investor if the broker goes bust. LimeFX International is a leading Forex broker, established in 1998 by 3 co-founders in Russia. The latest platform is user-friendly and offers a quick registration process. They are also committed to offering advice and guidance to traders, so continue to remain an attractive option for many modern traders. Whether you are a first-time trader or an experienced professional, the wide range of accounts and possible features will appeal to many. When you register for either a demo account or a full paid account, you will need to provide personal and financial information.

LimeFX PRODUCTS

The company will support you entirely by phone, email, or live chat. It will always be easy to contact a courteous and experienced professional on one of these channels, from Monday to Friday, from 9 am to 6 pm (EST). Opening an account requires that you take the necessary steps such as filling in your personal information like address, proof of identity, and so on. Once these steps have been taken, you can go directly into trading. The full name, the email address, and the telephone number are sufficient.

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Options trading is also available on forex and commodities, with over 30 currency pairs and metals available for trading on the MetaTrader 4 and MetaTrader 5 platforms. Clients can choose from a range of option types, with expiries ranging from one day to one year. LimeFX offers options trading on commodities such as gold, silver, and crude oil. In addition to the MT4 and MT5 platforms, LimeFX also offers the LimeFX Invest platform, which allows clients to invest in a variety of investment portfolios managed by professional traders. The LimeFX Invest platform comes with a user-friendly interface and a range of portfolio options to suit different investment goals and risk levels. LimeFX offers two types of execution the standard or through ECN connection, hence the charges of spread will be applicable according to the chosen method and starting from 0.0 pips.

Account types

These offer margin calls of 100%, although pending orders are set at a maximum of 300. For traders who prefer a more modern platform, LimeFX also offers the MetaTrader 5 (MT5) platform, which comes with additional features such as hedging, netting, and depth of market. The MT5 platform is also available on desktop, web, and mobile devices. Nevertheless, we advise to be cautious since regulated broker offers dramatically lower leverage for the reasons of safety. Remember to learn how to use leverage smartly, as a high set level may play against you as well, which dramatically increases your risks while trading.

  • Whether you are a first-time trader or an experienced professional, the wide range of accounts and possible features will appeal to many.
  • I had opened trades and I could not add more money on time when I wanted to after 6st transaction and few weeks later I got margin call.
  • To augment these analysis tools, the MT4 platform has a range of different order types that you can use to strategically enter / exit positions.
  • The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds.

Should you deposit a large enough amount, you may be eligible to be designated a premium client. Many brokers and platforms offer this type of service for a large deposit and depending on your plan, it can be an added benefit. First, you will be assigned a personal manager, which allows you a greater customer service experience. From there, you will have the added benefit of special bonuses, access to funds in advance and trade without limits. Once you’ve reached an aggregate balance of $50,000 you will obtain this status. Should you be interested in independent trading, LimeFX certainly offers that to their clients.

LimeFX Review Conclusion

The mail with the access data comes in seconds and also contains the download link for the LimeFX MT4 and MT5. After installation, you can log in directly and start trading immediately. This brokerage company was indeed launched in 1998 https://limefx.club/ and was first based in Russia. The broker was growing very fast and settled in the United Kingdom and the US in 2006. LimeFX is mainly regulated by the FCA (Financial Conduct Authority), which is the UK’s leading supervisory body.

LimeFX outperformed LimeFX in our research of 50 brokers and 23 international regulators, earning a higher Trust Score. Requests to withdraw money are processed by the finance department immediately, without restrictions on the number or amount. The transaction fee charged by your chosen payment system will be the only fee you incur. LimeFX International’s trading exchange also charges an overnight fee for orders over 24 hours. For example, if an investor goes short for the EUR/USD currency pair, it may cost him 0.65. One of the largest brokerage firms is LimeFX, which has amassed experience over the years of operation; they are already 24 years old.

Leverage and Assets

The Pro Account is the best one for cheap trading because it got tight spreads and you will not pay any commission. In conclusion, it is depending on the trader which account is the best because it is depending on your deposit. They allow traders to access a wide range of instruments across multiple markets, such as currencies, indices, and commodities.

This limefx reviews dives deeper into the Pros and Cons, LimeFX features, trading platforms, account types, copy trade features,s and many more. We’ll also review LimeFX for its app, mobile trading, and platform features. LimeFX is a well-established online brokerage with a positive reputation among traders, offering a wide range of products including forex, commodities, indices, and stocks. There are 4 various account types available as retail trading accounts at LimeFX, as well investment through PAMM accounts. Forexbrokerslab is my personal blog where I compare reliable forex brokers.