LimeFx Review 2023 Detailed Information about LimeFx Forex Broker

For example, the average spread of the USD/CAD pair is 0.1. Further, the commission per lot for currency majors ranges from $3.5 to $6.5. The pricing structure of the Raw Spread account is relatively different from that of the other two. Currency pairs like the AUD/USD and NZD/USD have an average spread of 0.2 and 0.5, respectively. Additionally, it charges a commission per lot of $3.5.

The test was done at 8AM GMT and at 3PM GMT on February 22nd 2022. We made our tests at two different times to allow greater perspective. 8AM GMT is the London open, when there is a great deal of liquidity in the forex market and therefore tighter spreads in currency pairs. 3PM GMT is a quieter time, shortly before the opening of the New York stock exchange.

Platform Ratings

I have compared them with 2 other brokers’, and LimeFx was the only one adjusting rates. On the website of LimeFx, there is quite a lot of information about licenses. In which country they are registered, where they spread their jurisdiction, and so on.

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• I proceeded with the withdrawal, and the guy changed his behaviour towards me.
• LimeFx Terminal is a browser-based MT5 terminal available only for MT5 accounts.
• I’ve experienced several adjustments on swap rates and spreads.
• They are either charged as a fee or provided as a refund.

When it comes to deposit and withdrawal options, it is interesting to know that the investors’ funds are processed with immediate effect. This is to help investors in transferring their money to and fro without any hassle. With this, the investors get all the freedom to have control of their funds 24/7. LimeFx Options Trading is also known as Islamic accounts, which enable Forex traders to follow Sharia law standards.

The LimeFx Mini Account

Now, it’s time to talk about company linked regulations and LimeFx Group Licenses. In that case, if there are some issues, the company offers us a help center and Post-Chat. What’s more the company https://limefx.name/ gives us their mail for further questions. Until I go through the detailed review of LimeFx Forex broker, I’m going to show you what we see first when we go on the company’s website.

The account will introduce a new client to forex trading and will allow the client to learn on execution trades as well as execute trades though in a virtual manner. There is some virtual cash that will help the client know how to execute his or her trades. This account serves as an initiation tool to clients before they can cross over to live trading on either the mini or classic account. All information presented on TopBrokers.com website, including charts, quotes and financial analysis, is informational and doesn`t imply direct instructions for investing.

I used another broker last year and they refused to withdraw my money saying that my account had irregularities. After many complain, they said they were reviewing my case and after one month I gave up LimeFx have never stolen from me and I make withdrawals every month. When I trade they have good features because of many trading instruments and very tight spreads, no problem with hanging or misquotes. I really love the broker, but I think they can improve on the MT5 platform, that’s why I give 4 stars. What’s more, there are many options which the company offers to its customers. There are many features that we found both in trading software and deposit and withdrawal methods.

LimeFx BROKER REVIEW

A proper background verification should be done when a new trader wants to open a trading account in any brokerage firm. This should include examining what the firm offers, trading fees, trading accounts, and other features. LimeFx has some positive features offered by few other brokers. For example, there are no inactivity fees, no deposit or withdrawal fees and instant withdrawals in many cases. LimeFx also provides a transparent price history by providing tick-level data across all instruments.

This includes pip value, margin, swap long, volume, swap short values, as well as lot price. However, with its growth, some controversies have arisen regarding its services. This LimeFx broker review 2022 will ensure an inclusive and insightful review that will determine whether or not they are scammers or legit. Spreads and commissions are determined by the trading account type.

I first tested the deposit option using bank card and the process took a few minutes to complete. Additionally, the broker has a good TrustPilot rating. We then looked at the average spread on the Pro account and established that the EUR/USD has an average spread of 0.6 pips while the USD/CAD has an average spread of 1.3 pips.

We also would rank very welll provided research and available tools, copy trading, Robot Trading, EAs and quality execution. LimeFx does not require a specific amount at the beginning, so you will be able to start as small as 10$. The professional account may demand though 200$, and of course check on the necessary margin requirements that are usually set for each trading instrument separately. Also, check on the payment methods, as some of them set a minimum transfer amount. As the majority of Forex brokers, LimeFx also offers to use leverage, which may increase potential gains through its possibility to multiple initial accounts balance.

LimeFx REVIEW SUMMARY

What’s more, there is an unlimited number of positions and it’s swap-free for Muslim countries. In case of insolvency events, forex education company/forex broker LimeFx and its traders remain most secured from any loss or damage. Other unique features LimeFx offers are its mobile application, economic calendar and a free currency converter.

We apologize for your experience and will do everything we can to look into your case. You can send us a private message on our Facebook or Instagram (@LimeFx) with your email and account number in order for us to escalate your case. We’re sorry to hear that you’re having difficulty with your deposit. I smell something fishy with LimeFx, they keep deactivating my account when I don’t trade for a week or two when i have cents in my account and when i re-activate it my balance is 0. Your profit is pain to them and your loss is a gain. Never trust them, they manipulate the system too much so that you will not become profitable.

Features

I opened with this broker, was advised to try here. It turned out to be a very good option for scalpers. MT4 WebTerminal platform with a focus to facilitate CFD trades and Future trading options on a wide range of financial markets. Moreover, these forex brokers also actively take part in social media platforms and interact with various organizations that partner with big celebs like Cristiano Ronaldo. Yes, LimeFx is undoubtedly a good FX broker with amazing forex ratings (forex ratings.com). Offices located in Cyprus and the United Kingdom do not provide services to retail clients.

Now generating complaints about the financial institution portal. I have been for 5 years now with LimeFx and they are the best for trading. Their withdrawal and deposits are fast and clear, with many ways to deposit and withdraw your money.

It exposes the traders to the real trading scenarios absolutely free of cost where they do not even have to put their real money at high risk for a real trading experience. There is no need to download the platform separately, which is an added advantage for users. Regulated in the EU, LimeFx provides multiple types of accounts and are Standard Cent, Standard, Pro, Raw Spread, & Zero and also offers Islamic account (Swap-free). Although there are 97 forex currency pairs (EUR/USD being the most popular one) along with 8 metal contracts to its clients settled all across the world. It seems that LimeFx is a big fan of the Meta Quotes house and offers the two best platform versions which come from the MQ developer.

While it did not mention the reason, we believe it is because of the expansive MIFID II regulations. All information on 55brokers.com is only published for general information purposes. LimeFx is the only broker so far I trust for trading. All others in market i have experinced are less better then LimeFx. But LimeFx has made its own Leverage changing policy without informing traders.

My account is fully verified, so I don’t understand why they have to ask me for verification. It’s a shame, I really like their execution speed, and I don’t think I’ve ever experienced requotes or slippage. But it’s very important that I get my money whenever I want to, without having the need to supply documents. Hello everyone it is possible to retrieve your stolen bitcoins. I never believed in bitcoin recovery because I was made to understand that it is not possible.

LimeFx has good education and selection of platforms. Also, changes in regulations and Broker licenses enlarging changes and differences traders may see on trading accounts, thats why better to verify whether this is suitable for you. Unlike other brokers that demand traders to deposit thousands of dollars to begin trading, LimeFx simply requires them to deposit $300 to begin. They don’t have to invest a lot of money to trade, and they can do it with a Zero account. LimeFx is a very legitimate trading firm if you are to judge by the plenty of partners it has and also LimeFx customer reviews and comments. The specially tendered services and products are so welcoming and will definitely provide a client with an awesome trading experience.