LimeFx Online Broker Review: Can This Early Innovator Continue to Impress?

Is LimeFx legit
Is LimeFx legit

Trading stations for android, web, and iOS are more intuitive and diverse than MetaTrader 4 mobile apps, available as a substitute. Customers can access a wide variety of technical pointers and cutting-edge order types. Another drawback is that the push signals for android aren’t enabled and real-time notifications.

How long does LimeFx withdrawal take?

Usually, withdrawals are processed in 1 – 2 business days after we receive the request. Once funds leave your LimeFx account, an email is sent titled “Transaction Notification” to the email address on file.

So let’s dive in and take a look at how the different entities of LimeFx across the globe are regulated and how this impacts you as a trader. We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust. LimeFx can cater to sophisticated traders with a broad range of advanced tools.

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You may discover that there are hidden fees, or that withdrawal times are longer than you anticipated. We check these factors and others so you know what to expect when trading with this broker. Traders tend to underestimate customer support, but it might be a crucial feature in moments of crisis. In our rating, we check limefx the contact methods available, how accessible a live agent is and how helpful the responses are. This information will allow you to know if a broker can provide full support when you need it. While a broad range of markets are available, some instruments such as bonds, exchange traded funds and options are not available.

In this way, once the liar succeeds, he can earn at least two thousand dollars. I applied for withdrawal on Fake LimeFx, and I haven’t received money after half a month. The scammer induced me to deposit CNY380,000 throughFake LimeFxAPP. After that, they said I ordered at a wrong time and I lost all my money. The limefx information provided on the LimeFx website is purely for information purposes and should not be regarded as an encouragement or recommendation to invest in financial instruments. The following step is for the applicant to complete a selection of general information, including their preferred account option.

ECN Account

Following a simple sign-up using their personal details and a handful of questions, traders have full access to the platform. E-wallets and credit card transactions may take up to 24 hours, while wire transfers can take 3-to-5 working days. Traders who use excessive leverage may be at risk of a margin call and having their positions closed prematurely by LimeFx. The LimeFx margin requirements for each type of account vary as market conditions, volatility, and currency rates fluctuate. Margin amounts are calculated as a percentage of the notional value of a currency pair and get adjusted as the price fluctuates. LimeFx also offers an API product under ‘LimeFx Pro’ aimed at institutional clients wanting to exercise wholesale trading execution.

Why did LimeFx get banned?

LimeFx allows people to speculate on the foreign exchange market and provides trading in contract for difference (CFDs) on major indices and commodities such as gold and crude oil. It is based in London. The company was banned from United States markets for defrauding its customers.

It has a particularly pleasing aesthetic and navigating the dashboard is helped by the intuitive layout of the screens and monitors. The new Trading Station Web 2.0 platform is built in Mac -friendly HTML5 which is a convenient but non-essential feature for those who base their operations off iOS software. Each of the four platforms are well regarded in the trading community and each dove tails well with the other. LimeFx offer a variety of accounts so that clients can choose a best fit. LimeFx, registered with the Commodity Futures Trading Commission , lets you trade a wide range of forex markets plus spot metals with low pricing and fast, quality execution on every trade. No, but you can trade CFDs on major stocks through an online broker like LimeFx.

LimeFx Trading Fee

So if you ever need anything else, do not hesitate to let us know. We tested it and collected the options and costs in How to withdraw money on LimeFx. Check out the current account balance requirements at LimeFx in our What is the minimum account balance at LimeFx article. Is LimeFx legit features all the key aspects you need to look at to see if a broker is safe and legit.

Is LimeFx legit

Novice traders can take advantage of LimeFx’s extensive educational and research resources, as well as its video library that covers a wealth of trading topics. If you want to start practicing without making a deposit, you can open up a free demo account. This lets you assess the broker’s research and educational resources and practice trading. Yes, LimeFx is a great trading platform for all kinds of traders. Beginners and advanced traders can try their hand at their great platform.

Web trading platform

Often they create artificial votality on thier platform to put customers money in to risk, i mean they put you in margin calls. No way that you can make any money from LimeFx , moreover you will lose your total capital. When they close the trading on friday at 9;55pm UK time afte then they continue another 5 minutes to reduce your margin and equity . The foreign currency exchange, or forex , is a decentralised, electronic marketplace. It’s the world’s single largest trading venue and includes a wide variety of participants from every corner of the earth.

Professional account holders do not have negative balance protection, leverage limits, and risk warnings. There are five main products to trade as contracts for difference (“CFDs”). With CFDs, the traders buy and sell assets without actually holding or owning the instrument.

It’s undeniable that many people fall victim to predatory financial operations and that much of the public suspicion toward the capital markets is justified. LimeFx’s Active Trader account is designed for traders who actively trade. When trading is more than a hobby, treat yourself to our very best. Active Trader benefits include dedicated support, premium services and custom solutions. You can choose cryptocurrency, bank transfers, electronic wallets, debit, and credit cards. So, any trader trading on LimeFx can choose their desired payment method.

Trading Station mobile offers a richer trading experience than MT 4 overall but has a couple of drawbacks. There are no push notifications and real-time alerts on the Android version, which are available on most other great mobile trading apps. Tom is an experienced financial analyst and a former grains derivatives day trader specializing in futures, commodities, forex, and cryptocurrency. He has over 10 years of experience in the Finance industry spanning across a day trader position at Futures First, and a web content editor and writer at FXEmpire. Tom has has also written for The Motley Fool, FX Empire, Yahoo Finance InsideBitcoins, and Learnbonds. LimeFx has been around since 1999 and is considered one of the most reliable and well-reputed CFD and forex trading apps in the industry.

These allow you to speculate on the performance of a certain sector that contains a number of individual stocks. By holding a basket of stocks, you can reduce your exposure to one individual stock and diversify your portfolio. There are several mobile experiences that you can expect in the form of both apps and their mobile website for whatever device you are using. Open accounts in a choice of base currencies and open additional accounts in different currencies.

In the document of fees, we can see that while realizing wire transfer withdrawals, some fees are charged for accounts in the US or UK. Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks…..LimeFx allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on LimeFx. I found out that the broker on this platform is not a real LimeFx, but a fake broker. The platform’s website has been shut down and I can’t log in to the platform or get my funds back. I am very disappointed and hope that others will learn from my experience and double-check and confirm the authenticity and reliability of trading platforms and brokers.

Once over the administrative hurdles, traders are in for a treat. Moving between markets and time-settings is easy to do and the mobile platform is particularly responsive. There is a Newsfeed function, but the platform is above all else set up for on-the-move execution. Complex order types which incorporate metrics such as Good Till Cancelled and Good Till Date are made available so that users can trade the way they want to.

Apart from this, you can trade with virtually no limits, and withdraw all your funds if and when you wish to. LimeFx is a cryptocurrency CFD trading platform, which means that you cannot directly buy Bitcoin or any other digital currency. As a result, the platform does not provide you with a wallet to store or send cryptocurrencies to. The platform can only accept traditional currencies, such as EUR or USD. Hello everyone it is possible to retrieve your stolen bitcoins.

  • Each platform has its own advantages which we will discuss in the next sections.
  • Trading Station Desktop has all the features of the web platform and goes beyond it with a range of advanced functionality.
  • The materials feature LimeFx’s historical data to provide unique insights for hands-on experience.
  • To analyze the risk involved and to minimize it, we recommend users first try the demo account rather than starting with real-time trading.
  • It should be noted that most top-tier brokers offer live chat as a pop-up feature on their website, and we do not know why this is not available through LimeFx.

The regulatory framework is hard to beat and the customer support is of a very high level. The trading experience, and choice of three state-of-the-art platforms is what will appeal to many. Customers can easily upgrade to automated, VPS trade executions and can tap into the deepest pools of market liquidity. These benefits really hammer home the fact that LimeFx sets out to give traders just what they want and need. You can choose among the LimeFx Trading Station, MetaTrader 4, NinjaTrader, ZuluTrade, Capitalise AI and TradingView trading platforms. You can also use a social trading platform to copy the transactions of other traders in your own account in real-time.

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You will be asked to enter your basic details and will be provided with a username and password to use. The demo account looks and behaves like the real thing, and LimeFx also provides you with educational resources to help you try out different strategies. LimeFx is well-stocked with quality educational content that can suit your needs either as a new or experienced trader. Of course, you will have resources within their proprietary trading platform to access news and insight but you can also avail of a detailed educational section. LimeFx features the licenses from four top-tier authorities; the FCA UK, ASIC, FSCA, and AMF.

Which is better LimeFx or LimeFx?

The platform supports over 80 currency trading pairs, while LimeFx offers less than 40. In addition to Forex, LimeFx supports gold, silver, futures, and futures options trading. In this respect, LimeFx's markets are slightly more encompassing, including multiple indices, commodities, and cryptocurrencies.