Is LimeFx a Scam? Detailed LimeFx Review Updated 2023

Tier 1 is the official measure of a bank’s financial health and strength. The app will require login before you can access any of its features. MetaTrader 4 and 5 can be used on all devices as well, offering both desktop and mobile apps. They offer the flexibility of using the same credentials for all devices, making it convenient to monitor your trading activities from anywhere.

LimeFx is a trading partner that has forged its way successfully to the brokerage world. Within this review, we have attempted to collate a number of the important aspects of LimeFx. This guide will allow you to learn whether LimeFx limefx forex brokers reviews is a great match for your own investments or not. We have tried to breakdown all of the qualities and charges for your advantage. We recognize that well-informed decisions with LimeFx are the cornerstone of successful trading.

Is LimeFx Scam or Legit broker?

To credit the bonus, after making a deposit, contact the LimeFx customer support service and provide this promo code . 20% deposit bonus for transferring positions to LimeFx from another brokerage company. The user needs to confirm that he previously traded on a real account with another broker by providing a statement.

The company specializes in facilitating cross-border B2B payments. Any processing fees from your bank will need to be incurred by you. Yes, trading through LimeFx is a nice and good experience indeed.

  • LimeFx is overseen by the top tier financial regulators International Finance Corporation (IFC) so can be considered a good broker.
  • An SMS with the verification code will be sent to a mobile phone.
  • LimeFx offers a range of educational resources, including webinars, tutorials, a trading academy, a trading glossary, and trading signals.
  • They offer advanced features to analyze charts with various tools to choose from.

When you put a little effort into checking the company’s background, you will find that their regulation is not valid. Furthermore, there are multiple warnings issued by financial regulators from the EEC. Furthermore, we highly recommend that you avoid the scam brokers Finance Proof, CryptoFXPro, and PredCoin. LimeFx is not one of the secure Forex Brokers since it does not hold a license from any worldwide serious Forex authority. We are dedicated to demystify the world of forex trading for you – no matter what level you are on. All information on is only published for general information purposes.

Get your money back from a scam

With CFDs, traders can make money no matter what the market is doing and can do so without ever owning the underlying asset. All 433 stock CFDs are available for all accounts except the CRYPTO account, which mainly focuses on cryptos and Forex pairs. 👉 Nigerian traders can register a demo account with LimeFx, giving them access to virtual funding and a risk-free environment where they can still experience live trading conditions. 👉 LimeFx is an online trading broker that provides trading in a variety of markets to around 350,000 customers in a restricted number of countries using the popular MetaTrader platforms. Surprisingly, LimeFx broker offers $10.000 as virtual funds on a demo account.

Indices trading on LimeFx

This process usually takes around 5 minutes, and once you’ve passed compliance, you can start exploring LimeFx’s platform. Explore the LimeFx platform and train yourself to think systematically and logically about the markets. Furthermore, learning how to mitigate and manage investment risk is crucial.

The cause of this is that the companies of online brokerages are scaled much better. In other words, an online broker is not necessarily influenced by the amount of clients they have. In the following table we take the main parts of any professional online trading platform and compare LimeFx against Startrader, and freetrade. Along with everything, LimeFx has multiple benefits to new and verteran traders and should be investigated. There’s absolutely no minimum time on which a transaction has to be kept open.

These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their LimeFx clients’ funds. LimeFx are considered safe as they are regulated and checked for conduct by the International Finance Corporation (IFC).

Spreads and commissions that traders can expect from LimeFx are from 1.3 pips on the Standard Account, from 3 pips on the Fixed Account, and 0.0 pips on the ECN Account. On the ECN Account, commissions of $2.5/€2.5 are charged per lot. LimeFx offers its traders a wide array of financial instruments to trade across numerous lucrative global markets. For instance, traders can find opportunities trading forex, precious metals, commodities, stocks, indices, and cryptocurrencies.

This is actually very impressive as there are numerous robots provided. The only requirement is the minimum deposit needed to download the robot from the website. Most of the robots become available for $1000 accounts, with some bots requiring $2000 and even $5000 deposits. LimeFx is an esteemed online broker, offering a myriad of financial services across the globe.

If you’re interested in comparing LimeFx against other popular brokers in the industry, check out our LimeFx Vs pages. Our team has compiled a series of detailed LimeFx comparison articles, pitting the LimeFx platform against some of the best-rated LimeFx competitors in the market. Dive into our informative LimeFx Vs pages below to find out how LimeFx stacks up against other leading brokers. While learning, you can also use global trading times to practice making live buy or sell trades using LimeFx. This hands-on experience can help you gain confidence and become more comfortable with trading.

Trading Bonus increases the clients’s balance and is used in trading the same way as the trader’s real funds. It doesn’t require any trading turnover for activation and is ready to be used at any time. Often, the number and type of accounts that a trader can open with a broker differ depending on the country in which it operates and the regulatory authorities under whose jurisdiction it falls. You have three LimeFx forex accounts to choose from and a possibility to create an Islamic account (swap-free), depending on the type of trade you want to execute. Apart from being a Hong Kong Financial Commission member, LimeFx is also a professional member of the Russian Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN).

Minimum Deposit Required

Each of these accounts has got some advantages and disadvantages according to spreads and fees. Orders of any size may be executed instantly thanks to the top-tier Liquidity Providers. With a $200 minimum deposit, this account is ideal for scalping and other day trading strategies.

Even though the trading offering might seem attractive, in our opinion, you may find something more interesting among the regulated brokers. But an offshore status of the company does not guarantee the provision of services at the necessary level of client and funds protection. For that reason, we would advise choosing the broker more carefully and check on at the first step the broker’s regulation status. Aside from these platforms, LimeFx also offers several trading tools aimed at enhancing the trading experience. Additionally, the broker provides a copy trading service, which is especially useful for novice traders as it allows them to emulate the trades of more experienced traders. Overall, LimeFx is a reputable and reliable broker that offers a range of trading tools and resources to its clients.

Is the LimeFx Trading Platform Secure?

LimeFx provides brokerage services in Europe, Asia, Middle East, Africa, and CIS countries in more than 16 languages. LimeFx offers high-quality services and comprehensive support to its clients and partners. Our professional team is committed to finding innovative solutions and introducing new technologies so that LimeFx clients worldwide can get the best trading conditions. Personally, I prefer to work with proven brokers and LimeFx is such a broker for me. This company is widely known among Russian-speaking traders, its popularity is high. Plus, it offers good analytics of both global financial markets and Russian stock exchanges.

Pro’s & Con’s Of Trading With LimeFx

However, be cautious of bogus and untrustworthy brokers hiding in the shadows, ready to exploit naive traders. LimeFx is regulated by the International Finance Corporation (IFC). When selecting a broker such as LimeFx, one of the most critical factors to consider is the broker’s regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client’s funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities.