LimeFx Review 2023 Unregulated broker with limited instruments

When commission was paid I attempted to withdraw the funds but withdrawals were suddenly deactivated for maintenance to be done. My funds were sent to a “so called” bank broker at Mutuelbnunion.com to do the transfer, but fee after fee has been asked before the transfer can be done. I’ve paid over $50k to this bank broker to get my “so called” funds, and fees continue to be asked after I’ve been promised by Eagle there would be no more fees. I’ve wiped out my little retirement fund as well as my husband’s to try and get my funds. It has been almost 1 1/2 months since I should have received my funds.

• A good broker can take your initial LimeFxs and help to protect it from losses but also give you a platform that can help to provide you profits.
• Simple trading features and modern high-speed trading platform.
• Our News Feed and Economic Calendars make it easy to get the most out fundamental and technical analysis.
• Online trading platforms allow traders to have fast withdrawals and deposit processing, low spreads, and 24/7 bilingual support.

All you need to do is to provide some basic information about yourself. The minimum deposit for a live account is just $10, which gives everyone a chance to trade Forex. Our review of LimeFx limefx shows that traders can use hundreds of assets for trading, including Forex, Commodities, Cryptos, and many others. The broker offers very competitive spreads, starting at 0.1 pips.

$10 No Deposit Bonus – Open a Live STP account, $10 Bonus is automatically added to your account

While LimeFx provide you all the tools to make money, they can’t guarantee that you will gain. Over 5,000+ users registered with them can affirm to their trustworthy nature. LimeFx is a legit company headquarted in Dominica since 2019. LimeFx is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.

Once approved, the funds should arrive in your Bitcoin wallet within an hour or less, depending on blockchain traffic. The specialist payments team review and process all withdrawal requests on an hourly basis to ensure lime fx that your withdrawals are paid out quickly. Just be aware of blockchain fees because I have been stung in the past where the fee amounted to more than the amount that I wanted to deposit which left me out of pocket.

If you don’t find the answers you were looking for on the FAQ page, the LimeFx support team are on hand 24/7 to support you whenever you need them via Live Chat, Email or Phone. This is important when you consider the crypto market is open 24/7, so you may need to speak with someone on the weekend. LimeFx provide clients with some limited daily analysis covering a variety of different market and trading instruments. These articles on the brokers website cover technical and fundamental analysis which can be used to help inspire potential trading ideas.

Scam Trends

LimeFx is an innovative broker, especially in terms of offering cryptocurrencies. The broker offers a much better choice of cryptocurrencies than most other traditional CFD brokers, and also offers these assets with a much higher leverage. Therefore, this broker can be recommended for traders who like to trade cryptocurrency on MT4. For cryptocurrency trading, the broker works with the well-known Bitfinex cryptocurrency exchange as a liquidity provider. However, for Forex and CFD trading, the name of the liquidity providers is not disclosed by the broker, which raises doubts.

You can get support in your native language with 16 local offices. Multilingual client support is available via email, phone, and live chat. All client deposits are kept in an Australian bank account that is separate from our operating funds.

LimeFx

Raw Spreads are the difference that you’ve been looking for. Spreads starting at 0.0 pip, no requotes, best prices possible and no restrictions. LimeFx is the preferred provider for high-volume traders, scalpers, and robots. Our order matching engine, located at the New York Equinix NY4 Data Centre processes over 500,000 trades daily with more than two thirds of all trades being automated trading systems. With over 29 billion USD in FX trades being processed each day, slippage is reduced. Low latency fibre optics and Equinix NY4 server available.

You will probably also have top go through the standard KYC checks but LimeFx are normally pretty quick with this. If you register to get a demonstration account with LimeFx, you will set out with a decent amount of virtual currency. It is to establish a feeling of safety and confidence in you before you decide to spend your own money. The LimeFx phone support team was able to successfuly answer our queries and problems via phone. We tried the multilingual LimeFx team by calling in varying languages.

It is in the brand’s best interest that your trading be successful and long-term. STP execution eliminates any conflict of interest and lightening quickly to ensure you get the best rates from top-tier liquidity establishments. LimeFx in financial markets carry significant risk https://limefx.vip/ and BestSocialTrading.com can not be held responsible for the outcome of such LimeFx. All the information on this site provided free of charge and does not constitute LimeFx advise. Any opinions expressed in reviews on this site is purely the opinion of the author.

Does LimeFx offer demo accounts?

But, being the reviewers that we are, we absolutely have to take a look and rate them based on those features as well. The first impression that we got from our LimeFx review was quite nice actually. The website was developed with at least some effort put into it and the overall transparency that was being showcased was nothing but commendable from the broker’s side. However, the first impressions were immediately cut short when we couldn’t find definitive information about the company’s regulatory license. They are completely unregulated by any financial authority. One big disadvantage that LimeFx has is that it does not possess an official license from a recognized regulator of any jurisdiction.

So, it was simple to see if this broker’s claim of being based in the UK is real or not. Furthermore, the FCA has actually issued a public warning against this broker, stating that they are operating in their jurisdiction without the required authorization. Therefore, it would always be ideal to check your email or to contact the broker’s Live Chat that is available 24/7, should you have any pending withdrawals. LimeFx warns potential customers that Forex and CFDs trading carries a substantial risk and may not be suitable for all investors. Ethereum is the second largest cryptocurrency after Bitcoin and allows developers to create smart contracts on a platform.

You must understand that Forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose! Trading with leverage can wipe your account even faster.

This also means that client fund security cannot be guaranteed, even though LimeFx claims that it goes to great lengths to ensure client fund security by using multiple measures. 31 cryptocurrencies which include Bitcoin, Bitcoin Cash, Ethereum, Metaverse, Zcash, EOS, NEO, IOTA, TRON, Dash, and several others. Ripple is popular among big banks with the Ripple network a next generation real-time gross settlement system. Equity or stock indices can represent a specific set of the largest companies of a nation, or they can represent a specific stock market. It is actual stock market indexes which measures the value of a specific section of a stock market. For instance, should there be a 1% margin requirement on a position of $1,000,000, the trader must cover a margin requirement amount of $10,000.

It features a modern design with pleasing color schemes and whatnot. However, we decided to go past that – as we do all the time – and dig into the actual security features. And, to our surprise, LimeFx does come with high-tier fund protection mechanisms, which is pretty much what a trustworthy regulation is all about. Live chat is the fastest way to reach them and have general queries resolved in real time. If you don’t have time to chat, you can send them an email and they aim to get back to you on average within 15 minutes.

Our trading platforms use innovative technology and feature-rich features to meet the changing needs of our clients. They offer exceptional online trading services to retail and institutional clients from all over the world. Clients have access to segregated accounts at top-tier financial institutions, secure deposits and withdrawals as well as competitive leverage.

There are drawing tools for marking out support/resistance whilst the candlestick charts can be used for identifying price action patterns. I think there are plenty of tools to meet the needs of even the most demanding of traders. You can setup the platform to be as simplistic or complicated as your strategies require. The MQL marketplace has tons of add-ons so you can improve the platforms capabilities whilst there is the MQL programming interface where you can develop your very own trading tools.

It does not end here, but this progress into an affiliate multi-tier system. Regarding fees, LimeFx does not charge any withdrawal, deposit, and inactivity fees. Swap fees are implemented whenever there is overnight open trade and are different depending on the type of asset. Other online brokerage firms do charge commissions and hidden fees.

The first step to protecting yourself from fraudulent parties online is to do thorough due diligence on the companies and entities that you are planning to send the funds to. In all probability, there have been other users who have already used the same service, and have expressed their opinions and feedback online on various forums. LimeFx is an online trading broker owned by LimeFx Ltd and located at 8 Copthall, Roseau Valley 00152, The Commonwealth of Dominica. Go through reviews and pick a broker with positive reviews. A conventional web search can give experiences into whether negative remarks could simply be a disappointed broker or something more serious. With regard to customer service, it’s a big thumbs up, they are always available, fast and friendly.

Together with everything, LimeFx has multiple benefits to new and verteran traders and should be investigated. There is no minimum time over which a transaction has to be kept available. The agents provide premium customer service that rewards clients with advantages.