LimeFx is It a Scam? Reviews about Forex Broker

Or, if you want to set up a Zero or Absolute Zero account trading forex, you’ll need a $500 deposit to start. You’ll have to deal with your average fees that come with trading on forex. LimeFx primarily focuses on forex trading, and it shows with the great variety of forex assets they have on hand. They focus on CFDs, with the most liquid CFDs on the market being EUR/USD, USD/JPY and USD/GBP. The LimeFx School has absolutely everything under the sun, and that’s why we feel the need to point it out in our LimeFx review. Its attention to detail and educational ability is fantastic, and we believe there are very few places you can learn how to trade than at the LimeFx School.

  • Let’s explore each of these trading platforms in detail and what options LimeFx gives you.
  • Its attention to detail and educational ability is fantastic, and we believe there are very few places you can learn how to trade than at the LimeFx School.
  • Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees.

We kindly ask you to reply to our Find Reviewer request on Trustpilot so we can identify you in our system and investigate this matter further. We’re committed to addressing your concerns and improving our services.LimeFx 🚀🦾Solid Trading. Hi Jamal, We apologize for any inconvenience you have experienced with your withdrawal.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, LimeFx leverage magnifies both profits and losses in trading. Like other brokers, LimeFx margin requirements scammed by limefx can differ depending on the traded instrument. You can trade a wide variety of instruments with LimeFx
over 100 instruments in fact. The fact that LimeFx has a Wikipedia page is a testament to its reputation and credibility in online trading.

What we like about LimeFx

MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere. Don’t be scared off by brokers like LimeFx charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms. Want to share some thoughts of their privileged services which are for those who enter the market with way bigger sums than minimum deposit. I had no idea that the company could potentially possesses such an amount of resources to create an autonomous functionality for traders with huge deposits.

There are a lot of cool things about the broker that I have known about during the time trading here. The number one is that the broker has very affordable fees for entry level traders. It accounts for minimum deposit as well as trading fees, like spreads and commissions. I would say it’s in the top-3 features that newbies pay attention to. Iron FX is regulated by the relevant authorities, the company does not hide its contacts and location. That is, this forex broker in fact can not be a scam and fraud.

  • Unregulated brokers pose a direct risk to the security of their client’s funds, as they operate without any oversight or regulation.
  • In other words, LimeFx leverage profits and losses are magnified when trading.
  • Hello Oscar,

    Customer care matters, and we appreciate your feedback!

  • Traders need to understand and remember that CFDs are leveraged, complex products that may be accompanied by the risk of incurring losses that may exceed the initial deposit of the trader.
  • Most clients pay away the dealing spread on a transaction when they enter and exit a position.

Social and copy trading options are limited, with no dedicated third-party platform. They do offer a Mirror account, but that’s a hedging tool, not a social trading interface. The website Trader’s Dashboard shows the positioning of other clients, updated hourly, but account holders will need to use Metatrader’s limited social functionality to take advantage of the information. Any payments funded to LimeFx accounts by traders are held in a segregated bank account. Tier 1 is the official measure of a bank’s financial health and strength.Trading with LimeFx is risky, and because the market is so volatile, losses could happen at any time. It’s important for LimeFx traders to understand the potential risks of trading with leverage and to take advantage of features like negative balance protection to mitigate those risks.

Ratings On Other Platforms

We want to ensure you have all the knowledge necessary to use the LimeFx trading tools confidently, from depositing and withdrawing funds to executing trades. 💪🏗️ LimeFx is indeed designed to be strong and reliable, just like its name suggests. We’re here to provide a durable and robust trading experience, so you can trade with confidence in any market conditions.

Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs. These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved. Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money. In addition, they offer a PMAM platform for traders looking to manage multiple accounts. Social trading is also supported, although only via third-party solutions like Sirix Social WebTrader and the Myfxbook AutoTrade platform.

Autochartist on the LimeFx platform is a powerful tool designed to help traders find trading opportunities quickly and easily. Download the Metaquotes MetaTrader 4 Program free of charge from Apple’s App Store. LimeFx customers have instant access to the financial market and can completely manage a Portfolio on the go.

Worst broker i have ever seen its about…

Hello Joseph & Gioele,

Thank you for your interest in LimeFx! Indeed, we do understand the importance of having access to reliable customer support when you need it. We’re pleased to inform you that our customer support team is available 24 hours a day, 5 days a week, excluding weekends, as the markets are closed during this time. You can easily reach our customer support team through various channels, including our live chat on the website, email communication, and telephone.

My account number is 12112765

Let’s explore each of these trading platforms in detail and what options LimeFx gives you. LimeFx may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing LimeFx terms and conditions to understand the commission fees and any other charges that may apply is essential. You can sign up for a demo account to acquaint yourself with LimeFx platform. Our team has endeavored to break down the complex world of trading with LimeFx into easily digestible information in this LimeFx review.

They usually don’t require something extraordinary, as it’s enough to have a performance trading platform, good assets selection and hassle-free funding mechanism. Fortunately, everything can be found here and that is why I also joined LimeFx to conquer the market. Withdrawal is a bit more intricate, and there are some charges, but they anyway don’t bite me mcuh.I urge you guys to pay attention to the company as it’s a good chance to excel in trading.

Wishing you continued success with your trading activities! Hello Vaddemasthan,

Thank you for sharing your experience with our educational resources. We’re delighted to hear that they’ve been instrumental in helping you develop your trading skills and reduce mistakes. Continuous learning is indeed a crucial aspect of success in trading.

We have over 20 years of experience when it comes to trading online so we know what to look for. You can buy and sell CFDs on spot commodities with best-of-market spreads and spot execution without having additional foreign exchange exposure. There are all of the major agriculture and energy commodities that you would expect to find with a top broker like LimeFx.

This is another area in which the broker really excels in my opinion. You will find that they have an excellent variety of convenient deposit and withdrawal methods to meet everyone’s needs. Some clients may find the online payment processors more convenient and faster. I personally use digital wallets as they allow me to move my funds around faster.

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