LimeFxFX Review: Possible Scam Broker? Everything We Found Out

To trade effectively with LimeFxFX, it’s important to have a good understanding
of the LimeFxFX trading tools and the markets. Even if an LimeFxFX trader experiences a significant loss, they will never owe more money than what is available limefx in their LimeFxFX account balance. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

LimeFxFX has an ongoing 16 cars contest, 8 gold contests, and various giveaways in which the winner is decided through lucky draws. They also offer a 50% deposit bonus to new clients in Nigeria, which is fully withdrawable. LimeFxFX does not have a parent banking company, does not disclose financial statements, and is not listed on any stock exchange.

LimeFxFX offers a basic, low-cost MetaTrader platform experience alongside its proprietary web and social copy-trading platform. RBI also noted that these apps use features similar to lotteries and casino games to lure users. For instance, these portals https://limefx.group/ conduct free demos and online webinars citing ‘success’ stories. “Reportedly, there are also instances of various schemes such as competitions and tournaments with small amount of fees or registration charges being devised to entice customers.”

MetaTrader 4 and MetaTrader 5 play a major role in rapid order reversal and hedging promotion. LimeFxfx is the best forex broker I have encountered in my forex journey. As a client of LimeFxfx, I have benefited from their fast deposit and withdrawal systems, low spreads, zero commission, deposit bonuses, customer care services etc. Recently, they launched a ” trade and win” offer where one can accumulate the lots traded and later use it to collect gift. I was very forturnate to receive 5lots as a birthday gift from LimeFxfx team which I used to claim gifts in the ” trade and win” offer.

In order to be sure that LimeFxFX is not a scam, read our trader reviews and check other popular trading related websites and forums. The trading conditions are very good and the trading fees are low. The customer support on LimeFxFX was awarded multiple international awards and is fast, efficient, helpful, and knowledgeable in our experience. There are two main options to contact customer support 24 / 7, via live chat or e-mail. In our experience, the support via chat is perfect for a fast and competent answer, often time the support will reply within a few minutes.

This company has been providing opportunities for traders to invest in the market for a long time since 2011. A big advantage of this platform is that traders can easily determine the rate of low wages. Also, LimeFxFX helps to guess the speculation about their increasing rate.

Although we found some very useful aspects of the LimeFxFX platform that would be useful to some traders. The support team quickly and efficiently resolved all of our queries. Overall, we were very satisfied with the email support provided by LimeFxFX. If you’re looking for a broker with reliable email support, LimeFxFX is worth considering. Explore the LimeFxFX platform and train yourself to think systematically and logically about the markets.

On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features. Brokers that operate under the supervision of regulatory authorities like LimeFxFX are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors’ deposits. LimeFxFX are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of LimeFxFX and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly.

LimeFxFX Withdrawal Fees

Choosing a trading platform requires a significant amount of research and analysis. It can be challenging to understand each platform’s various features and benefits, especially with a complex trading platform like LimeFxFX. Overall, LimeFxFX provides good flexibility in terms of conditions, platforms, and instruments it proposes.

  • LimeFxFX is not regulated by top-tier regulators but due to CySEC regulatory license, it can be considered safe for traders in Nigeria.
  • MT5 was launched in 2010 and came with advanced charting tools, additional timeframes, and an updated version of MetaTrader 4.
  • MT5 includes Level 2 Pricing, Robotic System Trading, Higher Chatting, VPS Support, and Education Market.
  • These webinars are hosted by expert speakers proficient in the forex market and can be attended by any registered client at LimeFxFX.
  • LimeFxFX minimum deposit is $25 allowing you to open an account and start trading.

With STP execution on the LimeFxFX platform, traders can anticipate tighter spreads and greater transparency when it comes to trade pricing. It’s important to note that LimeFxFX requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps LimeFxFX maintain a trustworthy financial environment for its 30,000 users.

For instance, LimeFxFX finds a justification to trade against their restrictions for each profitable trade. He is hoping that LimeFxFX will change and give him back his $5327 profit. Over 50 various payment methods, including Visa, Neteller, Fasapay, and Bitcoin, are available with LimeFxFX, in addition to a wide range of regional bank transfers. Depending on where you live, certain payment options might not be available. The 11-part Forex Basic Course, archived YouTube webinars, articles, platform tutorials, and a sizable FAQ section are all included in the LimeFxFX trading education program. Weekly statistics and daily updates on both technical and fundamental topics are produced internally for market research.

LimeFxFX Trading benefits

LimeFxFX has over 50 different payment options, such as Visa, Neteller, Fasapay and bitcoin, as well as a large variety of local bank transfers. The availability of these payment methods may also depend on your country of residence. Features like its trading glossary, platform tutorials, and dozens of Frequently Asked Questions (FAQs) help to flesh out LimeFxFX’s educational offering.

The table below compares the average typical spread in pips per lot at LimeFxFX with the MT4 and MT5 account types for major trading instruments. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. Dear Ntando Menzie,Thank you very much for sharing your feedback and being with us.

LimeFxFX Alternative Brokers

This is run on the MT4 platform and it has the lowest minimum deposit amount at only $100. LimeFxFX offers the full MetaTrader suite, albeit with a fairly limited offering of tradeable instruments. There’s no question – if LimeFxFX wants to compete with the best MetaTrader brokers, it needs to make improvements in its range of products and its research and education. Notwithstanding, the available anecdotal evidence suggests the significant proliferation of such unauthorized services being offered to residents,” the report noted.

Can You Believe LimeFxFX Scam Accusations? Here’s Our LimeFxFX Malaysia Review

This trade allows traders to trade through browsers from anywhere. LimeFxFX is a reliable broker and has been on the market for more than 11 years now. The company has clients from over 180 countries and has earned 60 industry awards, according to its website. We can confidently say, LimeFxFX is a safe option to deposit your funds, but is it also the most suitable one for you and your needs? After testing the platform with our own money and comparing it to hundreds of other sites, here are our pros and cons.

While obviously, LimeFxFX Cyprus is more trusted the international proposal features more comprehensive tools and conditions along with education and research materials also MT4 availability. The lesser number of trading instruments can be a drawback as it limits the options to trade. LimeFxFX is not regulated by top-tier regulators but due to CySEC regulatory license, it can be considered safe for traders in Nigeria.

LimeFxFX cTrader is a top-of-the-line multi-asset trading platform that provides advanced order types, charting tools, LimeFxFX level II pricing, and fast execution. The LimeFxFX cTrader platform’s intuitive dashboard is accessible from various devices, making it a state-of-the-art infrastructure for LimeFxFX traders. LimeFxFX MetaTrader 5 (MT5) is a multi-asset trading platform with an extensive range of trading features and financial research tools. Besides the ability to trade Forex and CFDs, LimeFxFX MT5 offers access to trade Futures, Stocks, Algorithmic Trading, ETFs, and Indices. MT5 was launched in 2010 and came with advanced charting tools, additional timeframes, and an updated version of MetaTrader 4. MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting.

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