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LimeFX Broker Review 2021

At LimeFX, stock index CFD fees are low, while stock CFD fees are higher than what peers offer. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated limefx reviews if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.

  • At LimeFX, stock index CFD fees are low, while stock CFD fees are higher than what peers offer.
  • My decision was influenced by the fact that LimeFX is a rather old and well-known company with a good reputation and their trading conditions suits me.
  • You just need to fill in basic personal data, choose a platform you want to practice with, and provide a valid email address.
  • Bestcoinsinfo.com will help you make the right decision in crypto investment.
  • LimeFX offers MT4 account types with Instant or Market Execution, and also a Fixed Spread option.

When I started with them, they didn’t have any training courses for beginners. If they still don’t, my advice would be to come limefx review up with something. I’m sure that in this way they would attract a huge army of those who want to earn extra money on fx.

LimeFX Final Word

That is a true bucketload of accolades that very few online brokerage companies can come close to. That’s also the reason why LimeFX boldly advertises itself as the No. 1 Online forex broker in the world. A few years ago, negative comments from concerned clients started popping up on online forums, accusing LimeFX of fraud and manipulative marketing practices. Conveniently enough, a series of layoffs followed this ordeal, culminating in the resignation of the company’s executive Vanessa Spyrou in 2017. I have been trading here for two years now.

No stress transactions, although not fastest customer supports but easy to deal with. Now, you are all set in order to download the trading platform, fund your account and start trading in the forex market. The broker does not allow crypto trading. Potential traders should look out for brokers who are evolving with the market. Some accounts offer “floating spreads”, and some provide fixed spreads.

LimeFX offers a variety of different commission-free deposit and withdrawal methods that differ based on which jurisdiction an account is opened. Funds can be deposited into a LimeFX Wallet using bank transfer, credit/debit card, PayPal, Skrill, Neteller and UnionPay. LimeFX combines all the necessary things that I need. They offer one of the lowest spread around on some instruments, withdrawals are transparent and fast and commissions are reasonable. LimeFX is a proven broker that is equally comfortable for both professional traders and beginners to work with.

Crypto Scam List

If you have lost money to this broker or to any other fraud platform, then fill out the contact form available on this post. The presence of MetaTrader support is a positive sign and it opens up a whole new world of functionality and practicality to the retail traders. Trading Forex world currencies and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors.

LimeFX scam

I didn’t notice any illegal actions from LimeFX while working with them. It’s a very bad company please don’t west your money in this scam company. Over the past years, I have been working with several different brokers and in my opinion, LimeFX is one of the most reliable among them.

I had a few little problems, but support always helps me to solve it. The company does not charge commissions if the investor uses electronic payment systems, plastic cards, or is a client of Promsvyazbank. If the client has any questions, it is necessary to contact those. The support works around the clock, five days a week. Communication with operators is carried out using a convenient online chat located in the official website’s lower right corner.

Trade With A Regulated Broker

So i can say it is a good broker even for novice. LimeFX has average non-trading fees.There is no account fee, and LimeFX charges no withdrawal fee in most cases. However, you will be charged if you withdraw your money to Neteller or Skrill without having traded, or if you refund to PayPal more than 6 months after the initial funding.

I used to trade with another broker and there were always some problems. I had slippage in the first place and second, the withdrawal was bad. That is why I decided to change something. The vast majority of assets here are available via CFD and this fact delights me a lot, because I believe that CFD trading is mush more attractice than traditional ways of trading. Of course, it’s up to every trader, however, in my opinion, CFD is more convenient.

However, as they didn’t showcase live rates, we don’t have any metric to assess them. If you belong to the long term positional trader category, then they might be okay to proceed with, but for a lot of people, this broker will never be the perfect fit. We don’t know whether this platform allows hedging strategies and as we don’t know the typical spreads too, it acts as a dealbreaker to the high frequency traders. If you are looking for features such as social or copy trading, then you have to look elsewhere because this firm doesn’t offer anything similar to it. Noticed that LimeFX offered a decent set of trading instruments, so I thought I’d give them a try. Really impressed with the conditions this forex broker provide so far.

LimeFX Reviews

LimeFX accepts customers from all over the world.There are a few exceptions though; among others, you can’t open an account from the USA, Canada or Israel. LimeFX’s Youtube channel looks very impressive at first glance with its 200+ videos and fancy commercials but is actually lacking in engaging educational content. You can find webinars translated to multiple languages on the channel but listening to slow-paced lectures like these is hardly a fun way to spend an afternoon. At least, LimeFX claims that this app is super safe, but it is hard not to believe a company with a “safest broker of 2019” award. With that kind of reputation, you’d suppose they know how to encrypt data.

LimeFX scam

Customer support managers work quickly on customer problems, so the investor will most likely receive an answer to his question in less than a minute. The LimeFX Trading Platform for mobile is covered in more detail in the video review. LimeFX does not accept clients from the USA, Iran and Canada. LimeFX Global Markets Limited is authorised and regulated by the Securities Commission of Bahamas .

I am not afraid to trade or place big money here because it is a broker that has many regulators and an excellent reputation. Everything at the broker is at a high level, a lot of opportunities to analyze market information. Perhaps, cTrader was the main reason for me to join this broker. Card withdrawals can take around 5-7 working days and International Bank Transfers may take 3-5 business days depending on your bank.

How Safe Is LimeFX?

Some traders can’t understand how they could benefit from it. You can use different accounts and platforms to practice different approaches to trading. For example, some platforms and accounts are good for scalping, while others can be used for long Wall Street term trades. I opened a cTrader account with this broker. I tested this platform on a demo account and find it very suitable in many regards. However, I could have stuck with Metatrader 5 because it’s one of the best modern trading platforms.

From day one I was seeing problems with execution speeds. When I talk to the customer support they say the problem is my internet connection. I say I don’t understand if everything was good on demo account and they say it’s my problem not theirs.

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And you can choose from a wide variety of trading accounts. Also, they offer a large selection of trading tools. A veteran management team of financial experts created LimeFX in 2006, and they have never looked back. Their platforms now process over 5,000 trades per second, and 99.9% of all orders are executed within 50 milliseconds. Investopedia is dedicated to providing investors with unbiased, comprehensive reviews and ratings of online brokers. We established a rating scale based on our criteria, collecting over 3,000 data points that we weighed into our star scoring system.

If you don’t find a specific company and you think that you’ve been scammed please contact us by filling out the form below and we’ll do our very best to assist right away. What I like about LimeFX is the big number of trading instruments. Anyway this terminal would be better for stock trading than Metatrader limefx company reviews 4. Among the obvious pluses I can of course mention the fact that here there is a financial services compensation scheme up to 85,000 euros per client. LimeFX was identified to be operating under questionable and unethical methods due to their regulatory status and suspicious terms of service.

This statement is not factual because the broker is very new with zero online feedback or reviews from their alleged 1 million customers. The minimum deposit required by Crypt FX Pro scam is $500. You’re better off investing that sum of money with any of our recommended brokers. Litecoins, as well as other cryptocurrencies, are stored in digital wallet. The digital wallet can be hardware-based or web-based. The wallet can also reside on a mobile device or a computer desktop.

Full Review

Every wallet contains a set of private keys without which the bitcoin owner cannot access the currency. Without the private key, users can’t get access to their wallet and will never see their coins again. LimeFX is considered to be a safe broker to trade. It is regulated and licensed by several top-tier financial authorities including FCA, CySEC. Therefore, it is secure and low-risk to trade FX and CFD with LimeFX. Following on from the last post, we will continue to unearth new types of harmful cryptocurrency scams that investors should be aware of in order to best safeguard their bitcoin assets. So, to safeguard your best interest, it is wise to avoid them and as long as you are looking for a reliable broker, make sure they are regulated.

The main reason I chose LimeFX was that they accept Skrill and PayPal for deposit and withdrawals. Orders are executed quite fast and slippages are insignificant. So far I’m happy with them and didn’t have problems.

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