LimeFX is It a Scam? Reviews about Forex Broker

LimeFX broker

Research and analysis section is just great, LimeFX is good for beginning traders, also provides automatic trading and participates in various projects. The benefit of brokers offering third-party platforms such as MT4 and MT5 is that traders can use the platforms should they choose to migrate to another broker. However, MT4 and MT5 are often not as user-friendly as platforms that are developed in-house. The new and updated version of MT5 boasts state-of-the-art features including options for hedging, while MT4 is slightly less advanced and more suited to traders who are new to the markets. MT5 also has a built-in news feed and an economic calendar, and trades can be made on a chart.

  • These regulatory authorities include the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the International Financial Services Commission of Belize (IFSC).
  • An MT4 Micro Account gives access to instant execution of orders with stop-outs fixed at 30% and margin calls set at 50%.
  • The company has over two hundred thousand customers with active real trading accounts.
  • Adding a layer of protection is this broker’s participation in The Financial Commission’s compensation fund, offering coverage up to €20,000 per case, and on par with EU protection.
  • The margin requirements on demo accounts mimic those on the live accounts.

While the LimeFX trading fees, which are built into the LimeFX spread considered to be on a very competitive level among the market offering, you can check out and compare LimeFX fees to FP Markets. LimeFX is a reliable broker due to its strong standing and long years of operation. There are numerous instruments available for trading with quite good conditions with our opinion, this including Binary Options, also education is good.

LimeFX Demo Account

LimeFX clients in the UK will be trading with LimeFX Limited, registered in St Vincent and the Grenadines (BVA FSC). For all intents and purposes, the BVA FSC is not considered a forex broker regulator and applies no supervision of any CFD trading-related activities. Clients must rely solely on the reputation of LimeFX, as no additional measures exist to ensure client protection. However, in a show of good faith, LimeFX segregates all funds from the company’s operating capital, and it offers negative balance protection to all its clients.

Unlike other accounts, this account will not receive any commission from you. If you’re a newbie or have limited investment, you can go for MT4 and learn dozens of things. According to the various review websites, traders are happy with the LimeFX Broker’s Customer Service. In a recent review, 130 out of 150 people gave LimeFX Broker 5 stars for providing top-notch customer service.


Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker. LimeFX offers a wide variety of deposit and withdrawal methods, but its withdrawal fees are higher than other similar brokers. Demo accounts – Demo accounts are only available for the Standard and ECN account options.

LimeFX broker

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Best Forex Brokers in UK (United Kingdom)

By investing in CFDs, you assume a high level of risk and can result in the loss of all of your invested capital. LimeFX International offers a short educational section which will be very useful for beginners with little experience trading. Unfortunately, there are no video tutorials or webinars on offer at the moment, although LimeFX dedicates a page on its website to webinars. limefx forex broker MT4 and MT5 are freely available on both Android and IOS mobile phones and tablets. The advantage of using the MetaTrader platform is the cross-device and multi-broker functionality, making it easier to change brokers or use multiple brokers. Creating an account is straightforward, the process is fully digital, and accounts are usually ready within one to two business days.

There is no doubt that Eightcap maintains a superior regulatory position. Educational content consists of written articles and videos, and new traders will find an acceptable selection of material. The MarketPulse section offers traders research, trading ideas, and news. Oanda does list a failure rate of 73.5%, which ranks in the middle of the spectrum of brokers required to disclose this information. Wide variety of trading instruments, instant execution speed, flexible leverage and some of the tightest spreads in the industry. «LimeFX» provides a bonus program, as well as a variety of auctions that follow each other.

LimeFX broker are Thief’s and scammers

Overall, LimeFX’s account-opening process is fully digital and hassle-free – new traders will be especially happy that they can start trading right away without having to wait for account verification. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Traders are people who work on the Forex market, trying to ascertain the direction in which the value of a currency will go and make a trade for the purchase or sale of that currency. As such, by buying a currency cheaper and selling it for more, traders earn money on the Forex market. Traders make their decisions based on the analysis of all factors that can affect prices; allowing them to work out precisely in which direction prices are moving.

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If the notional value touches $8 million, the leverage amount falls to a minimum level of 25 to 1. If traders plan on trading individual stocks and cryptocurrencies, the maximum leverage becomes less due to regulatory rules. LimeFX International provides its customers with high leverage and it is because the firm has switched regulatory authorities to some well-known countries where many online brokerage firms are based.

Traders can fully trust both brokers and manage their portfolios in a secure trading environment. Completing the review, it’s necessary to briefly summarize all of the above. The main thing with regard to the «LimeFX» broker is its absolute reliability, which attracts a lot of customers from around the world. Of course, service standards are very important, and this broker’s support it so high that even demanding European and American customers are fully satisfied with their cooperation with «LimeFX». I could only deposit but I couldn’t withdraw, and the reason was that there was a mistake during withdrawal. LimeFX uses MetaTrader 4 and MetaTrader 5, which offer great flexibility, extensive charting tools and a user-friendly interface.

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LimeFX International fees vary based on the chosen payment options for withdrawals. Every broker has its own set of withdrawal rules on how money can be withdrawn from trading accounts. So, different options will have different providers, different processing times, potential conversion fees,s, and processing fees. Note that the conversion fee is based on the base currency, the payment provider, and the receiving currency. This LimeFX review dives deeper into the Pros and Cons, LimeFX features, trading platforms, account types, copy trade features,s and many more.


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