Can LimeFX be trusted? Find out in this in-depth review

LimeFX scam

The data is conveniently displayed to assist with conducting market analysis based on the calcualtions from each of the tools. As our review learned, the total number of tradable assets is 36 currency pairs, Gold and Silver. We’ll discuss this further down below, but it’s worth noting that you can easily diversify your portfolio with this asset pool. LimeFX does not offer services to clients from Belgium, Canada, the USA, and Japan.

LimeFX scam

You will discover the clean layout of this platform along with the commendable features are pleasant to work with. However, due to regulations LimeFX cannot accept clients resident in United States of America, and Japan. As you already know, LimeFX works with good conformation to regulations. It has established lots of measures to protect all its own investors.

You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements. Another concern with online trading brokers is in respect to security may be manipulation of trading. Nonetheless, this is much more widespread in the example of Market Maker agents who compete with users on the stage. Many less reputable brokers attempt to pressurise users into bigger funding for premium services.

Negative balance protection at LimeFX

The broker goes to great lengths to understand what traders need. The agent also provides a number of platforms for all types of traders. LimeFX helps to ensure that the individual needs of all online traders are met to the best of their capabilities. The trader resource department at LimeFX is quite enlightening for new dealers since it permits them to have a closer look at the financial markets. LimeFX caters to all sorts of traders and are a must-have broker for any well-diversified method of online trading.

And there is a great advantage – you can use all kinds of EA’s or write it by yourself. Based on our research, we found that LimeFX offers educational and analysis features together with research tools and materials that are especially essential for beginners. LimeFX is a popular International  Forex Broker recognized by the experts in the Financial Market, while operating since 2009 with service around the world. I tried to withdraw my initial deposit ($1000) just for the test and I got my money the same day. Currently I use LimeFX together with trading bot, everything is great. Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe,
Australia, South East Asia, South Africa and the Middle East.

  • If a CopyFX trade only has 100 USD invested in a trade, why would you invest USD?
  • Say you have seen many trending social media or forum posts on particular financial assets.
  • Wrong judgment, in the beginning, can put your investments at risk.
  • It can be accessed from your browser or you can download the Android and iOS applications to conduct analysis from your mobile device.
  • All support forms together with the website are multilingual and offer assistance to international traders 24/7.
  • LimeFX client support can be reached via live chat, email, phone, or fax.

LimeFX have won several industry awards over the years they have been operating as an online broker. You can make use of an option for Two Factor Authentications (2FA) with LimeFX for heightened security. You’ll be asked to enter this code to log into your accounts. 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. Remember, LimeFX should be a supportive ally on your trading journey. Please note that due to regulations, the content in this review of LimeFX does not apply to users in United States of America, and Japan.

LimeFX Review: Table Of Contents

You have full control of your account and deposits at all times. At first glance, it looks like a very diverse broker because the offer with over 7 asset classes and 12,000 markets is overwhelming. Also, the conditions for traders are looking very impressive to us. Yes, LimeFX allows hedging and several of its trading platforms have inbuilt tools to make this easier.

  • If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value.
  • Users can specify conditions and create subscriptions from within the LimeFX Members Area.
  • LimeFX tries to protect its customers against inflation and can pay you up to 10% extra return per year.

Upon completion you can then apply for a trading account which will require you to upload some documentation for KYC purposes. These documents can be a proof of identification such as a passport or drivers license and a proof of address such as a utility bill. Once your documents have been verified, you will be able to fund your trading account and commence trading.

Does LimeFX offer email customer support?

Investing time in research before trying to invest on a suspicious broker can save you from potential losses and unnecessary stress. However, of course, make sure to verify margin requirements and conditions for the instrument you are willing to trade, as at some point $10 simply may not be enough for your strategy. At the start, you may choose the level of your account while opening, and at the beginning, you may trade for free with a Demo account. In order to start trading with LimeFX, you have to deposit at least 10 USD.

LimeFX scam

LimeFX MetaTrader 5 has many advanced trading tools for more advanced users. The R StocksTrader Automated Strategy templates can use extensive financial market data from 1970. The LimeFX R StocksTrader automated strategy gives users much flexibility to create edit and test strategies. The LimeFX R StocksTrader automated strategy builder is something to try. Only consider traders who have a 6-month history of successful trading. The CopyFX platform allows you to view the length of time and the number of days a CopyFX trader has been trading.

Have problems with withdrawals, not recommend

Trading Forex, CFD, Binary Options, and other financial instruments carry a high risk of loss and are not suitable for all investors. 66-84% of retail investor accounts lose money when trading CFDs with the providers presented on this site. The information and videos are not investment recommendations and serve to clarify the market mechanisms. The texts on this page are not are not investment recommendations. The LimeFX MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give LimeFX traders detailed market tools.

Depending on your needs, this software may be the better choice. The broker LimeFX is headquartered in Belize and is regulated multiple times (more limefx scam on that later). According to the website, it can be seen that it is a rapidly expanding company with more than 900,000 customers worldwide.

LimeFX have won numerious industry awards over the 14 years they have been operating as a financial broker. We have listed the most notable awards and mentions for LimeFX below. In October 2019, the company launched a service aimed for small and medium-sized businesses to send payments anywhere in the world quickly and cheaply. LimeFX is a worldwide recognised broker with 10,000+ clients.

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