LimeFx Review: The Whole Truth About This Forex Broker

LimeFx Review: The Whole Truth About This Forex Broker

Our investigative review of LimeFx finds, that this CFD broker running a user friendly web trader app. The trading app is well liked by new day traders and investors due to its simple interface and intuitive design. Experienced Forex traders will be able to utilize the industry standard MT4 trading platform. Please keep our support email support- for future use and feel free to contact us for any queries or issues you may come across.

They actually took from me all of my savings and did not respond to me until they realized I gotten my funds recovered from them. I am really lucky i was introduced to Finecroyal. Moreover, you can trade CFDs on stocks of tycoon corporations such as Apple, Alphabet and Facebook, in addition to the largest Indices such as NASDAQ, S&P 500 and FTSE 100. Swap is interest that’s added to your position’s value if you hold the position overnight. On Wednesday, it’s charged three times to take care of the weekend swap in advance.

  • Had bad service, struggled to get your money back or some other action which you believe isnon compliant?
  • Although I mostly trade stocks here, I also intend to try something else, such as cryptos, for example.
  • The FXTB broker operates within the EEA zone according to CySEC regulation.
  • Moreover, FXTB charges withdrawal fees at 3.5% for payment cards and up to €30 for bank transfers.
  • Even when traders do carefully vet brokers before investing, they could still unfairly lose their funds.

However, because the broker is regulated by the CySec, there is a high chance that it is not a scam. With that being said, it still does not mean that LimeFx is the best option, as there are also hundreds of other regulated brokers with similar or even better trading conditions. When holding trades for a long time, it’s crucial to deal with a regulated company. Once I came to their site I liked their Webtrader. It’s very suitable for stock trading because it allows to conveniently navigate through assets in the left menu.

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In addition, it also deals with more than 50 forex currency pairs. It has a 128-bit SSL encryption layer for enhanced security and protection of the users and their personal information. Any user can connect segregated bank accounts to a single account on this brokerage platform. Trading becomes easy for one having sound technical and theoretical knowledge. Many newcomers lose their hard-earned money in pursuit of making their dreams of making money due to high volatility in the market.

LimeFx scam

This is not meant to deter you–in many cases, trading is safe and reliable but only if you have the right broker. This means avoiding flashy phrases and hollow promises of outsized returns and sticking with brokers that have a solid reputation. This is why it is important to find out more about LimeFx before opening an account and sending money or sending any documents. Read our LimeFx review before sending your hard-earned cash.

Moreover, the speed of execution is less crucial for me. I did it once I made sure it had a license, in particular, it was issued by cySEC. We don’t have our own personal experience with LimeFx.

Do not trade with them, very very unprofessional.

Floating spreads start at 1.8 pips on the EUR/USD, but only on the VIP account. The Basic account offers spreads of 3.2 pips on the EUR/USD. Spreads at LimeFx change frequently according to market conditions. Like any broker, LimeFx charge a few other fees including a monthly inactivity fee of €80 on inactive accounts, and swap or rollover fees on positions that are held open overnight.

Although I mostly trade stocks here, I also intend to try something else, such as cryptos, for example. You know that stock trading is long-term trading. So, when people buy stocks they plan to hold their trades for a long time. If you take a look at the charts of well-known tech giants, you will see a never-ending uptrend. Yeah, God blessed those folks who managed to buy those stocks at the bottom. Thanks for the article with the review of the broker.

New traders practice risk-free trading with its demo account. It offers 100K worth of whatever currency you choose. Traders then test out lessons before opening live accounts. Like all LimeFx opportunities, trading Forex and CFD involves risk of loss.

Please note that there is a minimum deposit of €500 for wire transfers. Switch to your live account, add funds and start trading. Forex TB Limited does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of any financial product. Forex TB Limited is not a financial adviser and all services are provided on an execution only basis.

How do I know I can trust these reviews about LimeFx?

All you need is to provide the broker with a copy of your national ID or driving license. The LimeFx operations team will verify your identity fast, you’ll get an email notification. To change the color of the platform, you need to click the button in the lower right corner of the trading platform next to the sun and moon icons.

Reviewers satisfied with LimeFx most frequently mention trading platform, demo account, and minimum deposit. LimeFx ranks 13th among Currency Trading sites. Six markets are allowed and accessible for traders and LimeFxs on LimeFx. These are the share market, stock market, forex market, crypto market, indices, and commodity market.

ReportScamOnline now considers LimeFx to be operating an online scam. We recommend that our readers not trade with this broker and if you have an open account with this company, we suggest you try to withdraw your funds as soon as possible. Needless to say, that a reliable broker will allow clients to withdraw their funds when they choose to, while making the withdrawal process transparent.

You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial LimeFx. Opinions, market data, and recommendations are subject to change at any time. Past performance is not indicative of future results.

LimeFx scam

CFDs are not appropriate for all retail traders. Yes, LimeFx is a fully regulated broker and it is safe to trade with them. CFDs are complex instruments that carry inherent risk, but the broker itself limefx scam is a safe, fully licenced and authorised broker who is a member of the Investor Compensation Fund. There are various deposit options available when it comes to funding your LimeFx account.

Deposit fees and Options

Clients are able to access various international stock exchanges, and trade a variety of instruments, including international stock indices such as the FTSE, the DAX, and the NASDAQ. The broker provides a risk-free demo account with €100,000 in virtual money. Accounts can be funded by wire transfer, card payment or e-wallet.

Hi friends. i wonder if someone is working on a platinum or gold account? what are their advantages, please tell us.

FXTB Trading Platforms range is ranked 8.7 out of 10based on our research. The broker has a great variety of trading platforms offering industry-leading platforms ensuring both the quality trading experience and the safety of their clients. LimeFx is an STP broker based in Cyprus since 2015. FXTB is operated https://limefx.group/ by Forex TB Limited, a Cyprus LimeFx Firm, authorized and regulated by the Cyprus Securities and Exchange Commission. The broker offers a unique trading experience through its platforms and aims to Uphold strict industry regulatory compliance requirements throughout every aspect of its operations.

LimeFx has been accused of not informing traders about their hidden charges. You are eligible for one free withdrawal every month if you have a Gold account, whereas Platinum members get three free withdrawals every month. It costs 3.5% of the value to withdraw using credit or debit cards. If your account is dormant for more than a month, you will be charged an inactivity fee.

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