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LimeFx broker reliability review and customer reviews

As we mentioned before, LimeFx offers a variety of trading platforms. The platforms are available on all operating systems, including mobile devices running Android and iOS. The minimum requirement is below the industry average, only $100. However, this broker doesn’t have any Tier 1 regulations and even that would be too much. Especially knowing that some regulators offer micro accounts starting at a $10 investment.

While there are some drawbacks to trading with LimeFx, the benefits, including regulation and excellent customer support, may outweigh these drawbacks for some traders. For that reason, we would advise choosing the broker more carefully and checking its regulation status first. Thus, sign in with reliable brokers, such as  Pepperstone and TMGM.

  • Another concern with fiscal brokers with regards to security may be manipulation of trading.
  • After checking these funding methods, they all seem legitimate.
  • Orders of any size may be executed instantly thanks to the top-tier Liquidity Providers.
  • Yes, LimeFx offers demo accounts so you can learn their systems before risking any real capital.
  • After extensive research over several years, we have compiled a list of the most effective LimeFx alternatives available today.

Choosing a reliable broker is an extremely important stage of trading. In this matter, it is important to focus on the legal framework of the office, tariff range, functionality of trading platforms and reviews of traders already working with the financial assistant. Now we will take a closer look at LimeFx and find out how this figure works in the market. MetaTrader 4 also known as MT4 is one of the top trading platforms on the planet and has been in active use on financial markets since 2005. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.

Does LimeFx offer Live Chat customer support?

LimeFx offers a demo account so you can try the LimeFx platform with virtual trading before you put down a payment. Demo account is a great opportunity to practice strategies and become familiar with the platform with their demo account option. LimeFx places a high emphasis on customer satisfaction, providing a comprehensive and responsive customer support system.

An ID or passport will do the job, and documents should be valid and issued by legit government authorities. After this process, it is recommended to verify the payment method that you are going to use. Just log in to your account on the preferred payment method’s account screenshot and send it to LimeFx. Indices track the performance of a group of assets and can be used to analyze the overall performance of the sector or market. Indices like the S&P 500 can provide an overview of the US stock market and tell what the main tendency is.

Choosing the right broker is essential to ensure your LimeFx investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders. LimeFx is regulated, governed, and supervised by reputable scammed by limefx financial regulatory bodies. Regulatory bodies monitor the brokers’ behavior, and if things go wrong, they will take necessary action. Regulatory authorities protect the traders with reimbursement schemes that regain the client’s investment if the broker becomes insolvent.

Trading Conditions

For ECN accounts, spreads start at 0 pips but for each lot, there is a small commission charged for each side of the trade. These zero spreads are great for traders who love to open multiple trades throughout the day. Scalpers will love this option because of how important zero spreads are for making multiple small profits. For internet trade, this is regarded as the industry standard. 👉 Nigerian Muslim traders can convert their live trading account (except RAMM Account) into a Swap-Free account that will exempt them from overnight fees. 👉 LimeFx is not regulated or authorized by the Central Bank of Nigeria (CBN), and the broker does not have offices in Lagos, Nigeria.

You will find that their demo account does not represent realistic market situations, and that it is just a bait for victims. A high leverage, combined with tailored market information will lead you to one financial loss after another. LimeFx is an offshore trading company that operates without a trading license but provides access to compensation funds through FSC. LimeFx broker claims that these options are commission-free. That’s why we always recommend Tier 1 regulated brokers by FCA, ASIC and BaFin. Therefore, those companies should look for licenses in operating countries.

I think LimeFx is good..some negative…

LimeFx includes an extremely reputable and full-featured trading site that is focused on currency, indices, metals, shares, commodities. Although traders have had great success with LimeFx, trading on the financial markets with LimeFx is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Choosing a viable and trustworthy online brokerage to trade with can be overwhelming. And it’s hard to make such an important decision when there are so many possible options. In addition, the market is saturated with online platforms offering these services.

The funds can later be used to make payments to merchants as well as others Skrill users, or transferred into crypto. There are multiple ways to finance your accounts with LimeFx. The process is effortless and quick, with various payment methods at your fingertips. The reason that LimeFx asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, LimeFx has to be careful that they don’t breach any money laundering laws and part of that is know as KYC (Know your customer).

Deposit Currencies, Minimum and Maximum Withdrawal Amounts

This means LimeFx are supervised by and is checked for conduct by the International Finance Corporation (IFC) regulatory bodies. LimeFx are able to accommodate various levels of traders https://limefx.biz/ whether you are experienced or a beginner. We understand that informed decisions with LimeFx are the key to successful trading, so we’ve provided this detailed LimeFx review.

Is my money safe with LimeFx?

So, take a seat, grab a cup of coffee, and dive in to learn about LimeFx and how it can benefit you or if LimeFx is not for you. This detailed LimeFx review has been researched and fact checked by industry experts with over 30 years of financial experience in Forex. TRASTRA is an ideal solution for converting сryptocurrencies to euros and cashing out without using a bank account. You will need to provide basic documentation to prove your identity as part of LimeFx onboarding and normal KYC identity checks.

Even the most cautious traders/investors make mistakes and fall into the booby trap laid by the scammers. Scams Report has a committed team of experts from different fields. The combined team has years of experience and expertise dealing with fraud/scam broking companies. The Scams Report provides free consultation to those victims who have filled out a free consultation form and submitted it to us. We help you build up a solid case against the scammers without leaving any escape route for them, to regain your funds.

What is the LimeFx broker?

After logging into your LimeFx account, you’ll find a range of trading platform options available below. As LimeFx review shows, many brokers and traders leave satisfied comments from all over the world. Trustpilot source gives 4.7 excellent mark for LimeFx company that underlined the vote of customers confidence. The user make deposit to the trading account in the first 48 hours after registration at the platform.

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