LimeFx forex brokers reviews: Everything You Need to Know about Decentralized Forex Trading

Founded in 2008, the broker has gained a reputation for offering transparent trading conditions and innovative technology solutions to traders worldwide. In this review, we’ll explore the various aspects of LimeFx’s services and evaluate whether the broker lives up to its reputation. In the past few years the LimeFx Group has developed at an impressive rate, and is recognized today as an industry leader. By December 2019, our clients’ monthly trading volume reached 325.8 billion USD and our active traders around the world surpassed 72,721. Currently the LimeFx Group offers a wide range of financial instruments, including currency pairs, metals, cryptocurrencies, energies, indices, and stocks. LimeFx has some positive features that differ from the norm.

Their approach has resulted in over 300,000 active users and $2 trillion+ in monthly trading volume, which is the highest in today’s retail industry. To close an account at LimeFx, traders can get in touch with the broker using the customer service function. It’s also worth pointing out that accounts can be automatically removed if left unused for extended periods. However, this procedure’s terms can vary depending on several factors. A real money account set up to use MetaTrader 4, for example, is archived after 90 days of no activity, provided the balance on the account is under $5 US dollars.

THEY HAVE NO CUSTOMER CARE NUMBER

Prior to making transactions one should get acquainted with the risks to which they relate. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the LimeFxpanies. The entire responsibility for the contents rests with the commentators.

LimeFx offers several account types, including Standard, Pro, Raw Spread, Zero, and ECN. Each account type has its own trading conditions, including different minimum deposit requirements, spreads, and commissions. LimeFx offers ZAR base currency trading accounts & local Internet banking deposit & withdrawals in Rand to traders in South Africa.

Deposit and Withdrawal on LimeFx using PIX in Brazil

Their minimum deposit with Pro Accounts is 500 USD, but the spread is much lower with these account types. LimeFx offers the best payment systems for Asian countries, traders can deposit by local banks, internet transfer, mobile payment, e-wallet, CC and more. LimeFx will pay 100% transaction fee and client can get better exchange rate. There are tons of different payment methods that are the best options for LimeFx.

Cons Besides the currency pairs, the choice of markets is limited and all of them are represented via CFDs. Besides the currency pairs, the choice of markets is limited and all of them are represented via CFDs. LimeFxgives traders a choice betweenMetaTrader4,MetaTrader5, andWebTerminalto use as a trading platform. LimeFx does offer social trading to interested investors.

Traders in countries that are part of the EEA still cannot use the LimeFx service. We apologise for the inconvenience caused while using our platforms. Reply by LimeFxOfficial submitted Feb 14, 2023 We apologise for the inconvenience caused while using our platforms. Please look at usoil chart from LimeFx on the 3rd of Feb you will all see how they intervened and scammed traders. Trading instruments include over 115 currencies; popular cryptocurrencies including Bitcoin and Ethereum; and also precious metals, commodities, and stock indexes as CFDs.

These can all be traded on margin meaning clients can leverage up their risk-return ratios. Those who specialise in trading using leverage will find the LimeFx T&Cs offer an approach as aggressive as any in the market. If you are a beginner in forex trading and you wish to find reliable and unbiased educational resources, BRKV is the answer you’re looking for. We are BRKV, or Brokerreview.net, a forex review website from Bangkok, Thailand. We are currently working with many well-known experts in forex trading such as Mr. Fanara Filippo or Mr. Mario Draghi. We aim to offer readers a trusted, useful, and professional source of education about the best forex brokers in this market as well as other forex-related topics.

Citizens of which countries cannot become customers of LimeFx

They will take your money but will not fulfill their responsibilities. All accounts are commission free and have very tight spreads from 0.1 pips for the classic account and 0.3 for the mini account. In mainland Europe and the UK, LimeFx focuses on B2B financial services exclusively offered to Professional institutions. LimeFx accepts retail clients from the majority of countries outside Europe. The deposit or withdrawal process can be a tricky one. You may discover that there are hidden fees, or that withdrawal times are longer than you anticipated.

• LimeFx charges commissions on some of its account types, with the commission rate varying depending on the account type and trading instrument.
• Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money.
• A reliable broker, I’m not really worried about my money.
• It’s also worth pointing out that accounts can be automatically removed if left unused for extended periods.
• Transparency on pricing makes assessing the pros and cons easier and that is usually a good sign.

There is a total of 7 cryptocurrency pairs on the platform. They are available not for all types of trading accounts. The digital currency market, by all signs, is not a priority limefx company reviews for LimeFx broker. Nonetheless, the broker’s commissions for cryptocurrency CFDs are quite competitive.There is a total of 7 cryptocurrency pairs on the platform.

LimeFx Broker Review

The Applicant will now be greeted with the screen pictured below. Here they will be able to select either a Demo or Live Trading Account. Once the Live Trading Account option has been selected, a deposit can be made and trading can continue. The applicant will be required to complete a short registration form and create a unique account password for the registration process to be completed.

LimeFx is licensed and regulated by multiple leading international governing bodies, allowing LimeFx clients to trade with financial security. Yes, a free VPS service is available to clients that have deposited at least $500 and that reach a certain trading volume per month. Intended to ensure stable, high-quality technical conditions for Forex trading using autonomous modules . Slippages are then reduced to a minimum and overall trading conditions improved. All clients’ funds are kept separate from the company’s and are securely stored in segregated trust accounts.

Engine Forex is an information service covering a variety of brokers and products for trading online. We however do not cover every online broker or trading platform available in the market. Every attempt is made to ensure information published is correct and up to date, however no guarantee or warranty is given as to its accuracy or reliability. When clicking on an “Open Live Account” button, you will have an opportunity to review the product’s terms & conditions on the provider or brokers web site.

You can also deposit in Rand via Internet Banking in South Africa. The minimum deposit required for Bank Transfers is $10 & there is no extra fees with funding. If your Account is in ZAR Base currency then there will be no currency conversion https://limefx.group/ rates applied. So, if you choose to open the account in ZAR, then you cannot later change the currency to USD. But you do have the option to open another trading account with a different account currency from your LimeFx client panel.

This is so amazing because back when I didn’t know, transferring through Visa always cost me 3-5% of the money, which frustrated me. For me, the biggest forex brokers should be the most prestige. They are the biggest forex brokers because most traders choose them. If you want know more about LimeFx reputation, just ask your trader fellows. But then I realized there are different types of traders. So a broker may be the best for one but not good for another.

Additionally, they have the callback option in case they missed your call. However, the professional account is categorized into three types, raw, zero, and pro account. However, as per the LimeFx review, it provides its service to retail clients limefx via the subsidiary company named Nymstar Limited. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. At LimeFx, withdrawing your money is automated and instant.

The LimeFx Standard Cent Account was created with new traders in mind. Investors will be able to trade with micro lots to get started. High transparency standards and excellent customer support. Trading Central doesn’t give trading signals per se, but rather predicts the likely direction of the market based on the current conditions. Naturally, margin requirements increase when the funds available in a client’s account increase.