LimeFX Review 2022 Is LimeFX Legit or Scam?

LimeFX truly excels in terms of its research offering to its clients, since there are new items on the current market analysis being added on a daily basis. Market analysis videos are also produced and published on a weekly basis, coupled by monthly market outlook video reports, which set the scene on upcoming conditions. Moreover, clients can also access an economic calendar and consult the scrolling forex news timeline anytime they wish. Overall, the LimeFX research offering is comfortably above the industry standard, though it could perhaps be further enriched with a greater focus on technical analysis. The different types of LimeFX UK accounts, including Micro Account come with a minimum deposit of just $50.

There are webinars, seminars, platform tutorials, trading tools, research tools, superb glossary, Forex news, Economic Calendar, Market outlooks and Analyst analysis all remaining at your disposal. It is also good to compare LimeFX to other industry offerings, so in the table below you may see available assets and instruments. These fees should be considered also, as LimeFX will charge you 5$ per month in case you didn’t show any trading activity for a period of six months or more, this is known as LimeFX Inactivity fee. There are several options that could be checked out on the website of the broker.

LimeFX scam or legit

It has the same design, is available in the same languages, offers the same order types plus Trailing Stop, has the same search functions, and offers the same portfolio and fee reports as the web trading platform. It also charges an inactivity fee and in most cases, a withdrawal fee. The product portfolio is limited, as it lacks some asset classes like ETFs, bonds, mutual funds, etc.

Our LimeFX review found that a company called Exinity Limited is behind ForexTime Ltd in Mauritius. This is deeply troubling, as the FSC of Mauritius has much lower standards than the FCA, FSCA, or CySEC. Users that believe they are accessing services within the jurisdiction of those agencies could actually be trading with an offshore company. Rising demand for Forex, trading and LimeFXs itself, however, attracts numerous… All necessary and useful tools are also included into the package, from risk management to analysis, as well as a unique developed trading tool like – Pivot points strategy and trading signals.

These managers allegedly will help you to make money quickly. If you choose the live chat option, the LimeFX chatbot will request your name and email address, then it will first respond to you by showing some FAQs. To transfer to a live agent, simply type chat agent in the chat and a customer care representative will respond and answer your questions.

It has spreads from 0.1, a SWAP-free option, and the same currency options as well. Scalping and hedging are allowed and the commissions start at just $4. Beginners can open a $100,000 LimeFX demo account for free to practice trading and learn.

They can also choose My LimeFX, a customer mobile app developed for the broker. It’s better than most custom apps, with plenty of features. Security is likely linked to whether you’re trading with LimeFX Europe or LimeFX Mauritius. This LimeFX review clearly shows that it can be hard to tell whether your account falls under the authority of a good financial regulator.

However, it is like a debt that traders have to pay back to the brokers. If it doubles, the LimeFX traders have huge profits, but if the opposite happens, traders are at a huge loss. The only cons we can mention about this broker are the limited time the customer service is available, limefx courses scam compared to other companies in this market and the higher fees for withdrawals. Thanks to the vast offer of accounts, beginners and professional traders can be happy with this platform. LimeFX takes customer support to a different level, especially compared to other brokers in the industry.

Then, go to MyLimeFX where you will find the option to join the promotion. There are at least several workshops or seminars every week, so there should be one that appeals to most clients. When trading with ForexTime on MT4, you can also take advantage of various trading indicators. These include an Orders Indicator, Pip Value Calculator, Pivots SR Levels, Spread Indicator, Market Data to CSV, and Day Bar Info Indicator. It lets you combine three popular indicators with five calculations for pivot points to improve your financial strategy. These trading signals rely on price-movement scenarios that have been designed thoroughly and carefully.

How to Configure Your LimeFX Account

The good news is that my chargeback, a reputable funds recovery company will help you get your money fully. Ask yourself why it would be so difficult for a broker to be simply regulated. Unregulated players are a risky venture to dump your money in.

  • There are several educational tools, including demo accounts and webinars.
  • This option interests me GREATLY, because not being a tarding professional, I want to place 50,000 USD for 6 months as an investor and sign a performance contract for a specific amount with LimeFX.
  • I’m afraid to open an account with LimeFX after reading a few bad review here.
  • The LimeFX web trading platform hasgreat customizability.You can easily change the size and the position of the tabs.
  • The company also complies with Market in Financial Instruments Directive , so you can be completely sure that nothing bad can happen to your LimeFXs.

The solution can be automated trading which allows you to create a computer program that automatically sends orders to the market. Once you find a successful algorithm, following backtesting your strategy, you can operate an automatic program that creates a constant profit for you. The LimeFX brand was launched in 2011 and since then has managed to surpasses 1,000,000 registered accounts and gain the authorization to operate in different part of the world. The broker has won many awards in forex trading including the best trading conditions, most innovative broker, and best forex broker in Russia.

How to open your account

There is no restriction and the decision is solely up to the investor. In terms of cryptocurrencies offered, the broker is seeking to extend the range of cryptocurrencies offered. At the moment, LimeFX has only 4 cryptocurrencies available on its assets. may be compensated if consumers choose to click links in our content and ultimately sign up for mentioned products. Like the LimeFX shares account, some of these give access to specific assets that others don’t. There are LimeFX spread accounts and also LimeFX ECN accounts, which operate solely on commission rather than spreads. With their cent account, the LimeFX broker minimum deposit is just $100.

  • Traders with less experience might have a hard time deciding.
  • You just need to log onto it with your email and password.
  • First, let’s go over some basic terms related to broker fees.
  • This section explains the fundamental concepts within the forex trading industry.

A comprehensive glossary of over 1,000 financial market-related terms is explained. For updates and exclusive offers, enter your e-mail below. The various subsidiaries have different head offices, including Limassol in Cyprus, London in the UK, and Cyber City in Mauritius. I’m afraid to open an account with LimeFX after reading a few bad review here.

Regulation: is LimeFX a scam?

The strategy managers are the professional traders other people can copy from. An investor is a normal trader willing to copy from the experts. Compared to other platforms there is less choice, but if you are a beginner and want to trade on the top standard markets, you can be satisfied by the selection available.

When choosing an LimeFX trading account, you can choose between the Micro Account, the Advantage Account, and the Advantage Plus Account. We tested it and collected the options and costs in How to withdraw money on LimeFX. Our ultimate guide to the LimeFX minimum scammed by limefx deposit is updated regularly. LimeFX is regulated by several financial authorities globally, including the top-tier Financial Conduct Authority . LimeFX provides negative balance protectionfor forex spot and CFD trading, but only for all its clients.

Is LimeFX a Good Broker?

With the increasing demand for trading apps, LimeFX developed and releases its new in-house trading app, the Trader App. The Application has a nice looking interface and easy to use functionality. LimeFX app is available for iOS and Android on the App Store and Google Play. I played games already they told to deposit 10-11$ so i deposited 10$ but i couldn’t get money back then i put another10$ to compensate my loss.but i have lost 20$.im so sad ,now i dont have any dollars very very sad.

  • It was designed to replace the MT4 but unfortunately, largely due to compatibility issues, the MT5 has not been able to replace the MT4.
  • Despite this, there is no deposit fees and some withdrawals are free as well, which we will see in our LimeFX review further, so all in all LimeFX fee structure is quite transparent and well built.
  • To view the full contract specifications for all trading instruments, go to the Trading Instruments portion of the ForexTime website.
  • When you use LimeFX Trading Signals, you can choose a strategy based on your trading style and risk profile.
  • Forex Time provides a limited selection of financial instruments compared to other brokers in the industry like IG.

No information or opinion contained on this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services. The SCM does not regulate retail forex trading in Malaysia. Hence, any Malaysian trader who is trading forex must do so at their own risk. Even though LimeFX is a reputed global forex and CFD broker, traders from Malaysia are subject to the laws of Mauritius when trading through LimeFX. These laws may not provide adequate protection to residents of Malaysia who are trading through LimeFX. LimeFX offers fixed leverage trading for Micro Accounts on some instruments.

LimeFX Trading Signals were developed by the ForexTime Head of Education. There is a free sample of this quarterly market outlook available for non-clients. Clients can download the full PDF without any additional cost. LimeFX delivers an analysis of the market that includes LimeFX Trading Signals. The Daily Market Analysis covers a range of topics with articles of varying lengths from the experts at ForexTime. Additionally, there is an Economic Calendar from FX Street.

Regulated companies do not involve itself in shoddy business of stealing from investors. Have you Been scammed by a fraudulent trading or LimeFX company? Also the deposit and withdrawal process is very efficient, making the broker one of the fastest in the market. The withdrawal time varies too depending on the selected method.

ForexTime also offers regular workshops and seminars for its clients. These take place around the world, with each telling you the language, location, and topic of the seminar or workshop. There is also a specific market analysis related to Brexit via a Brexit Countdown and guide. At the time of writing, each of these graphs displays the statistics for each month of 2018. Order execution speeds are lowest for Pro trades, which get as low as 0.050. As mentioned, ForexTime supports mobile trading for convenience.