LimeFx Review 2023: Is It a Legit Forex Broker?

The broker provides limited payment methods for deposits and withdrawals. Further, the broker also has several hidden charges and fees for withdrawals. The available methods are wire transfer, cards, and some e-wallets. Note that the processing is lengthy, with deposits taking multiple days and withdrawals taking up to several days. The LimeFx broker’s service quality is not up to the industry standards, with no option to deposit money through cash. The delay in payments can be tumultuous for professionals, and the process is unclear and challenging.

• Thank you for taking the time to leave a review about LimeFx.
• The venture has an obscure design, and novice traders can face grave difficulty understanding all the features and services.
• There is no information on the website for spreads and commission, and the website has irrelevant information on the assets section.

As per our LimeFx reviews, LimeFx is regulated by the most stringent regulatory bodies, like UK’s Financial Conduct Authority and the Cyprus Securities and Exchange Commission . LimeFx is regulated as a securities dealer by the Seychelles Financial Services Authority and the latest with FSCA . It has managed to seep into various territories to help customers transact across the EU region. The FSCA is a regulatory body based in South Africa.

Is LimeFx a Scam?

Offices located in Cyprus and the United Kingdom do not provide services to retail clients. This broker is good all round, I don’t understand what others have to complain about. For 2 years I have traded with LimeFx and during that time there has never been a serious problem, except the occasional issue which I think every broker experiences. My only problem is that CFDs are only available for standard accounts which have a higher capital requirement, but it’s still understandable why this would be. That it is easy to work with, he does not think for a long time, he works instantly.

But I hope I won’t have to deal with anything like that in the future, and by far, everything has been going pretty well and fast. As for trading platforms, LimeFx provides its clients with steady a MetaTrader-based trading platform. Traders can choose between the MetaTrader 4 and MetaTrader 5.

We’re happy you had an outstanding experience! Came 2 days ago, greeted with a change We just know that after some LimeFx, if you want to fix any system, you can fix it. Don’t trust reviews on them and the nice nice article …. And I closed the trade manually … I reported to them and they said they were going to get back to me it’s been 2months now ….. These are the main steps to get started and open Real Trading account, yet we recommend to start with Demo account and practice trading first.

What is your feeling about LimeFx.uk?

To know more about how the online broker system works, read through the LimeFx review. We have given a comprehensive overview with complete research to determine if this is what you are looking for based on your priorities. LimeFx has been in the business for so long now, and has proven itself as one of the leading and credible brokers in the market.

LimeFx Overall Ranking is 8 out of 10 based on our testingand compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers. LimeFx also expanded its global reach and established a UK-based entity LimeFx UK Ltd which is also respectively and fully regulated https://limefx.biz/ and focusing on B2B proposal. It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation. Had several queries with my deposit which were attended to. Now i understand how the platform works and I would recommend to others.

LimeFx Review

You can access both via Web Trading or on other versions more suitable for your need, which is free from download or installation platform accessible via the browser. 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.

The last time if I wasn’t monitoring my trades I would have lost my account ….. Gold Spot with a sl set it went through my stop loss 1000 points against me and my stop was triggered so I recorded it …. We have found that LimeFx UK and EU entities based in Cyprus no longer offers trading services and accept new clients. LimeFx for now operates its newly opened branch in South Africa authorized by FSCA and via international subsidiary in offshore Seychelles. LimeFx runs its own LimeFx Academy designed to support and educate traders from all over the world. Lastly, together with comfortable conditions for trading, you will enjoy quite quality support that brings customer service in 13 languages available 24/5, and support 24/7 in English and Chinese.

As you know, during the news release and at night, floating spreads increase, which can make entering the market unprofitable. Therefore, I chose an account with fixed spreads from this broker. In the same year, they obtained a license to use the MetaTrader 4 platform from the MetaQuotes Software Corp.

SCAM PLATFORM the deposit is instant…

Since 2017, I’ve never experienced any major issues trading with this broker. The negative reviews are probably from other brokers themselves trying to put down a credible broker. To me personally, LimeFx is by fat the best broker I’ve used. My funds are safe with their segregated accounts feature. Spreads can be a little expensive but only during news releases or when the market is highly volatile. Lastly, I can count on their customer service staff.

On Fishbowl, you can share insights and advice anonymously with LimeFx employees and get real answers from people on the inside. We scanned LimeFx.uk for several indicators and we think the website may be a scam. Exercise extreme caution when using this website. They have received some awards, such as having the best trading technology.

The minimum initial deposit depends on the payment method. Modifying traders leverage without informing them is a scam. Because of this hidden policy I have already lost 5 accounts same time, in middle of the night. LimeFx is very good broker, very nice account types and amazing customizations. We love LimeFx and have been with LimeFx for a long time.

With money, they always give be a bonus every time I deposit money. Withdrawing is also very speedy limefx broker reviews and no problems at all. Spreads good also and lower than many brokers I see here being praised.

Second, great services and plenty of currency pairs you can trade. I also love that you can trade many stocks and indexes even when your capital isn’t large. Finally, their customer support is very helpful, unlike others where it’s like speaking to someone in a different location from the broker’s.

I don’t need all of them, but the fact that they are so diverse is a plus. I do not need all of them, but the fact that they are so diverse is a plus. I ordered a withdrawal – I got it and that’s it. My first broker, that I started scalping, broke my deals – my choice of the company was unsuccessful. I decided to try another broker, but the second attempt was also unsuccessful, I constantly had problems with withdrawal of funds, although my trading was going more or less well. I opened with this broker, was advised to try here.

It’s an ECN broker with the best price in the market. I was with FBS before and the execution is just better, faster with LimeFx. I also like LimeFx’ daily market analyses on major pairs.

Categorised in: Forex Trading

This post was written by sertyi