Forex Trading

LimeFx Broker Review Is LimeFx Broker a Scam or Legit Forex?

By November 26, 2020 July 18th, 2023 No Comments

LimeFx-international review

LimeFx has a more limited educational trading site compared to its peers. However, it is aimed at new traders, and there are frequent webinars for those looking to move up to the next level, coupled with an interactive in-house specialist support function. Customer support is available 24 hours a day, five days limefx courses scam a week, via phone, email or Live Chat. Language spoken by the support team include English, Chinese, Russian, Hindi, Arabic, Indonesian and Spanish. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

LimeFx taps Mina Samir to head MENA business … – FinanceFeeds

LimeFx taps Mina Samir to head MENA business ….

Posted: Fri, 16 Dec 2022 08:00:00 GMT [source]

When considering LimeFx for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as LimeFx, is to assess the broker’s regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. We aim to provide you with all the information in this LimeFx review you need to determine if LimeFx is the right fit for you.

Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by, nor shall it bias our broker reviews. LimeFx is a multiple award-winning broker that has been around for several years. The brand is regulated in multiple jurisdictions and serves clients from several countries. I like how the broker has multiple payment methods which include localized payments for different countries and jurisdictions. The chatting communication channels are Viber, Telegram, Facebook chat, UK chat, and instant web chat.

Where is the LimeFx located?

MetaTrader is a pioneer electronic trading platform developed by MetaQuotes Software. Since 2002, MetaQuotes Software has released several software applications for trading, but the company hit the jackpot with MT4. MT4 is the most popular and widely-used electronic trading platform for retail foreign exchange (forex) speculative traders. LimeFx International requires two-step authentication to enhance your trading platform’s security and protect your deposits and personal information from hackers using SMS and backup codes. LimeFx International uses 3D secure technology when processing credit and debit cards. LimeFx International is a Market Maker broker offering Straight Through Processing (STP) and Electronic Communications Network (ECN) accounts.

  • Eight commodities and four cryptocurrency CFDs provide below-average exposure to both sectors.
  • They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their LimeFx clients’ funds.
  • LimeFx creates an opportunity for you to bring in your funds for money managers to trade on your behalf.
  • All information on is only published for general information purposes.
  • Investors can also deposit by cryptocurrencies or cheques but these funding methods generally take up to seven working days.
  • It is tried and tested as it has been operating in the markets since the turn of the century, but it also shows constant innovation.

The LimeFx trading platform supports multiple languages, which includes English, Russian, chinese, Arabic, Indonesian, Hindi, Spanish. LimeFx MetaTrader 5 Can Operate on newer iOS devices like the iPhone and iPad. MetaTrader 5 requires a mobile internet connection or a connection to Wi-Fi.

Account types

With our Expert finds and overall review we rank LimeFx as a good Broker for Forex or CFDs trading. We found good trading technology and excellent education and research section, which is good for beginners, also conditions are overall good. LimeFx International is trading brand of Exinity Group which is licensed and regulated by the Financial Services Commission (FSC) of the Republic of Mauritius. A market maker speeds up trading as a market maker will purchase or sell your stocks and commodities even if a buyer or seller is not lined up. You can trade a wide variety of instruments with LimeFx
over 50 instruments in fact. This means LimeFx are supervised by and is checked for conduct by the Financial Services Authority (FSA) Saint Vincent and the Grenadines regulatory bodies.

Evaluation includes researching the LimeFx management team, track record, and services. Also, we simply cannot look past the dubious feedback provided by actual traders. MT4 is by far the most popular and most capable trading platform available. LimeFx offers versions for Desktop platforms, as well as a Web Trader and mobile apps for iOS and Android. This broker advertises 250 plus instruments as being available for trading, but the number and type of available assets actually depend on the account type one is using. We mentioned this earlier, but allow us to provide a quick recap below.

Both of these options should be low enough for any potential clients, making this an affordable broker. The ECN account requires a larger deposit of $500, although this could still be a realistic deposit for many traders. The Standard, Micro, and ECN Pro accounts are limited to trading on the MetaTrader 4 platform, while ECN account holders will have the option to choose between MT4 and MT5. Both platforms are equally impressive, although some may prefer one over another. Note that the ECN account offers fewer assets when trading on MT5, so MT4 would be a better option if you’re looking to trade spot CFDs and cryptocurrencies. Both platforms are available through four methods; desktop, mobile, tablet, and through the browser-based version, WebTrader.

LimeFx-international review

The broker does not provide negative balance protection and hence if the market changes rapidly against an investor’s current trade, the trading account will not fall into the negatives. LimeFx offers trading for Fix-Contracts that is both effective and simple with an excellent beginner-friendly interface comparison to other best forex brokers in the market. The trades can be done using only two buttons and this makes the platform exceedingly intuitive. Most of the Fix-Contract functionality is, however, available in the Fix-Contracts application only.

It’s crucial to do your due diligence and research the reputation, track record and trust worthyness of LimeFx. You must also ensure the LimeFx broker’s profile, trading tools, fees and regulation aligns with your needs and goals. When it comes to online trading with brokers like LimeFx,
carefully review LimeFx as your broker can make or break your success.

Like other brokers, LimeFx margin requirements can differ depending on the traded instrument. The cryptocurrency section only features BTC, LTC, ETH and XRP paired with USD. Despite the site stating that actual crypto trading is also done, we haven’t really found any evidence in this regard. FasaPay and Nganluong are supported too, together with GlobePay and online banking from a wide selection of Asian countries, such as Vietnam, Thailand, Malaysia and Indonesia. To conduct business, the operator uses a couple of companies based in the UK and Cyprus.

Best Forex brokers who accept South African traders

LimeFx International is a reliable forex and CFDs broker that was established in 1998 as the LimeFx Group, and rebranded LimeFx International in 2013. The Mauritius-based brokerage is the trading entity of Exinity Limited, a licensed financial service provider that is regulated by the FSC in the Republic of Mauritius. LimeFx International has representative offices in South Africa and is regulated by the FSCA.

Forex Trading Africa is a broker comparison & education website for South Africans. The US100 assigns a capitalisation-weighted index containing 100 of the largest publicly traded non-financial businesses on the Nasdaq composite index. The US100 is one of the most significant large-cap growth indexes in the world. Andrew has a well-established career in fintech and came up with to make
trading on financial markets more transparent and accessible.

What are the Trading Fees with LimeFx?

It enables the use of LimeFx copytrade and trading robots or automated trading systems. Additional and new features such as advanced charting instruments and additional time frames also give the users a competitive advantage in the cryptocurrency markets. Though the type of accounts is freely offered, there are specific trading markets that are not available to certain accounts. No matter which account is chosen, the following are the 4 base currencies that can be used – USD, GBP, NGN, and EUR. Coming to the account types, the free demo account is available only for the ECN Account MT4 MT5 and the Standard Account MT4.

Countless topics are covered but include things such as trend and reversal indicators, predictors and scalping indicators. The MT5 version of the platform is the more recently developed model. A lot of traders still use the MT4 version due to legacy issues involved with traders already having developed strategies with MT4 in mind.

Is LimeFx trading Legit?

LimeFx makes 4 life trading account types available, Standard, Micro, ECN, and Pro. Trading fees are charged every time you place a trade and include spreads, commissions, overnight and rollover fees, perhaps also currency conversion fees. Non-trading fees make up the cost of using some brokers and include payment fees and inactivity fees. LimeFx International has some of the tightest spreads on major currency pairs, with spreads as low as 0.4 pips. The spreads available on trades will be determined by the account type. When trading major Forex pairs, the micro MT4 account offers spreads as low as 1.7 pips.

LimeFx-international review

Another reassuring feature is that clients can contact LimeFx on compliance issues on a 24-hour basis, Monday to Friday. They just aren’t on the same scale as some other brokers which devote more resources to this part of the offering. The MetaTrader platform holds a range of very pleasing contradictions.

ForeLimeFxrs’ Broker of the Month

You can choose from over 60 instruments, including forex pairs, metals, and CFDs. Alongside a great range of markets and strong safety measures, LimeFx also comes with a great reputation as it has won multiple industry awards. «LimeFx» was one of the first Forex organizations in CIS, one of the oldest and largest brokers in the world. The broker provides active introduction of innovations, professionalism of employees, trading of not only binary options but also Forex (the full truth about Forex here) and CFD. They boast a large number of satisfied customers (professional investors and novice market players) around the world, positive reviews, and prestigious awards.

While leverage can amplify potential profits, it can also increase losses. When trading forex with LimeFx, you can enjoy floating spreads that start from 0.2 pips. The average spreads for major currency pairs are 0.3 pips, 2.8 pips for minor currency pairs, and 14.7 pips for exotic currency pairs. According to them, “All of the clients’ funds are kept in separate bank accounts. This ensures the safety and security of all accounts and LimeFxs. Overall, although LimeFx offers an excellent copy trading service, it lacks other analysis tools, such as Autochartist, Trading Central, and Trading View that are often available at other brokers.

  • You should consider whether you can afford to take the high risk of losing your money.
  • LimeFx offers six live accounts on the MT4 and MT5 trading platforms.
  • This means that as a client of LimeFx International, you can be confident that you will receive the money that the Commission rules you’re entitled to claim.

I personally prefer using eWallets as I can get quicker access to my funds which is important if I need to act fast on some market news. If you want to practice trading online to get a feel for the broker, the platforms and what they have to offer, there is the option of a free demo account. I think this can be a great way to practice your trading strategies and build your confidence before opening a real trading account. LimeFx also offers copy trading using the MetaTrader platforms and their Expert Advisors program. EA is a long established and very popular platform where account holders at brokers can access the trading signals of other, third party, traders. The format they have developed and run for over 20 years is proving successful.

Akinwumi Michael

Author Akinwumi Michael

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