LimeFX Forex Broker Review

There is a top bar menu that leads you to all the most important elements of the site, including trading platforms, tradeable assets, education, news and company information. Drop-down menus take you to more specific categories under each heading. At the top right of the homepage, you can clearly see where to log in or open your new account, and you can set your language preferences at the top left of the homepage. A handy feature is the fact that as you scroll, the main contact options stay clearly displayed at the left-hand side of the screen, making it easy to quickly ask a question if needed.

The chat function worked and we immediately got a response, but unfortunately not with the answer we expected, even though that says less about the support team, and more about company policies, as we explained before. Weird thing was that the support person kept referring us to the website. FAQ on the website is however not of much use, mostly using “Yes-No” form to answer questions. LimeFX support is available through all the usual channels – social media, phone and live chat. ForTrade is a well-liked Forex Broker that’s licensed and controlled by the FCA and ASIC.

Hoch Capital Ltd is not permitted to provide regulated financial services to residents of the United Kingdom. During quarantine, more time appeared for trading, and LimeFX got excellent materials on the topic. As a result, I now make excellent money, which helps a lot in these difficult times. There are all the methods of phone contact that you would expect, with multilingual phone support available.

LimeFX has a highly advanced platform, and hence, it provides an interesting and extensive trading experience to traders from across the world. It offers the MetaTrader4 platform that has been developed by MetaQuotes Software Corporation. LimeFX is also known for providing the forex traders from across the world access to 172 instruments that can be traded.

LimeFX Q&A

However, due to a parallel regulation from a European CySEC , you can trust the compliance of a safe trading environment. A request is placed where trader needs to enter the amount and the info about the bank account. In case another method was used, select other and write in the details. The benefits of MT4 are numerous, the main ones are the fact that it includes all the charting tools and support for EAs and self made strategies. Also, MT4 is available as web trading app – from the browser, as a client application on a PC and a Mac computer and as an application for smartphone or a tablet .

The company was founded in 2012 and bases its headquarters in Limassol, Cyprus. Owned by Hoch Capital LTD, their website looks nice, clean, organized, uncluttered, professional with user-friendly navigation. Regulated and trusted across the globe, IG offers traders the ultimate package of excellent trading and research tools, industry-leading education, comprehensive market research, and an extensive list of tradeable products. This fantastic all-round experience makes IG the best overall broker in 2022. Our review of the Forex / CFD broker LimeFX shows that they offer investors the classicMetaTrader4 trading platform.

• The MT4 trading platform is available as a downloadable version, a web version, and a mobile version; this is the standard package of a license to offer the platform.
• Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.
• The minimum deposit is quite large and may not be beneficial for casual traders.
• Forex services include products that are traded on margin and carry a risk of losing all your initial deposit.

The quick withdrawal process through advanced information security system allows customers to get their money when they desire. Due to anti-money laundering requirements , the Company proceeds with payment to an account where the beneficial owner is the same as on the trading account. Nevertheless, Platinum client’s of LimeFX may consider using the most popular software in terms of charting and analysis, the common MT4 which is an option too. The platform is available on a desktop version and combines all available tools and features.

Does LimeFX offer the MetaTrader Trading Platform?

Swap discount rates are offered, 25% in Gold accounts and 50% in Platinum accounts; it appears that there is something amiss here and LimeFX has conducted a miserable approach in its transparency when it comes to account types. How those discounts are financed is unmentioned, and if trades are indeed placed, https://limefx.group/ those charges do apply; without further information, this may suggest that all trades are kept in-house and never appear on the open market. Another misstep remains the listing of maximum leverage for professional clients, when the majority of traders if not all, will fall under the retail category.

Global LimeFX offers a few different platforms to suit the needs of its varied customers. The WebTrader platform is web-based and offers easy trading from any device, using any compatible web browser. It incorporates live analysis, charting tools, trading cubes and visual trends, and also allows traders to start with a demo account so that they can find their way around the platform and explore what it has to offer. Global LimeFX clients also have access to a range of useful trading tools, including an economic calendar, calculators and market summary.

As a customer, you can enjoy full 24/5 support and a variety of financial services which encompass Forex and stocks, commodities and indices. Such focus on MT4 is pretty understandable, because it is the most popular Forex trading platform. It is great that this broker offers in-browser trading platform, since it allows you to trade without any additional installations on your PC. Global LimeFX is licensed and regulated by the Belize International Financial Services Commission . To be granted regulatory approval, the broker must meet all of the IFSC rules and regulations, meaning that it can be thought of as trustworthy. Such practices from IFSC mean that Global LimeFX must have a minimum capital requirement as a buffer zone in case of market shocks, and must keep buffers in place for reduced overnight capital value.

The FX broker is home to a wide range of educational resources and trading tools so that traders have everything they need to execute successful traders. LimeFX aims at promoting financial literacy among its registered users. Beginners can get started with a free demo account and seasoned traders can enjoy the benefits leverage, news feeds, limefx courses scam and the latest market analyses from experts. And traders who deposit at least $1000 will become eligible for entries to prize draws. The best part about LimeFX is that it does not charge any commission on the deposits as well as withdrawals. The minimum withdrawal amount for the traders is $100 for every request that is made.

LimeFX Platinum Account

Unfortunately, this is where the positives end and they are outnumbered by negatives and red flags which confirm the initial skepticism. If this brokerage is run by individuals skilled in web-commerce and finance, these skills are not wholly obvious. Most services offered return a blank page and there is no excuse for that. This is further supported by the abnormally high loss rate listed at over 81.65%; other brokers range between 65% and 75%. Since services offered by LimeFX are severely limited, it is no surprise that customer support is limited as well. Support hours are listed as Monday through Friday, 7 am to 7 pm GMT; most brokers offer 24/5 support, and this is not even close.

• Most services offered return a blank page and there is no excuse for that.
• With account managers available for some account levels, alongside webinars, videos and forums, it is even easier for customers to use the website and the platform.
• Unfortunately, the last two which are only 10 and 8 pages long and can hardly be considered educational content.
• The reason investors always use a licensed and regulated broker is to be sure that your funds are safe and kept in segregated accounts.
• ForexBroker.com’s proprietary Trust Score ranks forex brokers based on their reliability and overall trust.
• In addition to competitive spreads and low commission-based pricing for forex, Interactive Brokers provides more third-party research than any other broker.

Great for beginners – IG’s vast selection of educational materials makes it our top choice for beginner traders. Check out our full guide on the best forex brokers for beginners here. When the previous steps are completed, the trader has to meet the minimum deposit requirement. The minimum deposit is $250 or the equivalent in other account base currencies.

Fees

There is available both the desktop standalone version, along with the web based and mobile versions. They offer in total more than 170 underlying assets for trading CFD’s including; Forex pairs, Crypto Currencies, Market Indexes, Individuals Shares, and Commodities like Brent, Crude Oil, Platinum, Coffee and Sugar. Most brokers do not provide weekend customer support, namely because of increased costs and because most markets aren’t open. Global LimeFX is therefore not alone in not offering any weekend access for help, though this may be a turn off to some people. This review of Global LimeFX sees it scoring points for not applying fees on any trades you choose to execute, but this means that you will simply find that the spreads and margins are tweaked to factor that in.

• As well compare LimeFX fees to another popular broker BlackBull Markets.
• Financial transactions are fully moderated by level 1 PCI compliance services.
• Top8forexbrokers.com will not be held legally responsible for any loss or damage resulting from relying on the information presented in this website, including brokers’ reviews, financial news, authors’ opinions and/or analysis.
• Re-quotes – Sign up only at brokers who have a strict no re-quote policy.

This ensures that no third parties intercept your funds and/or personal information. Secondly, trading servers operate from SAS 70 certified service centers and are encrypted at all times. Financial transactions are fully moderated by level 1 PCI compliance limefx courses scam services. To further safeguard trader assets, all trader funds are kept in segregated accounts – separate from LimeFX.com’s account. The trading platform’s integrity is protected by research and development teams utilizing the highest safety protocols.

There are sixteen pages completed with articles addressing topics in financial markets. The presentation is proper, which was a surprise given the failures by LimeFX so far. This section represents the best one this broker offers and it is functioning as intended. Providing education represents an easier task than providing research, but it is one of the most significant services a broker can and should provide to its clients; either by amassing their collection or by outsourcing it. LimeFX opted to handle education on its own, but given the services provided so far, it remains to be seen if this was the proper decision.

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CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors. Other brokers may feel that they do this better, and are more clear about what they have available.

In addition, the broker has partnered with financial institutions across the world such as the Sberbank in Russia and the Ping An Group in China so that it can promote financial education and online trading activities. Launched in 2007, LimeFX has developed to become one of the most user friendly and accessible trading platforms in the world. It has also gained reputation as the world’s number one social trading platform with innovative features such as CopyPortfolios and CopyTrader.

And they’re regulated and authorized by CySec, the Cyprus Security & Exchange Commission (license number 198/13). As a result, they separate and review their client accounts daily and hand over their financial reports to CySec for them to review and moderate. You’ll need to open an account and deposit enough collateral to enable you to place orders with your broker to buy or sell forex.