LimeFx Review 2023 Is LimeFx Legit or Scam Broker

But for the last few months, I have been facing issues with withdrawal. Tried calling customer support many times but didn’t get any satisfactory answer. Distressed with the services, I searched for another Forex broker and found InvestFW. The broker was regulated, I quickly created an account and started trading.

The overall ability to answer complicated questions can vary, yet professionalism is high. LimeFx offers clients a range of educational resources to hone their skills or develop new ones. These include a section dedicated to trading for beginners, explanations of economic indicators, a forex e-book, and a range of trading video tutorials. This tool will also predict how financial instruments experience price movements. Some key features of AutoChartist include chart pattern recognition, Fibonacci pattern recognition, key level analysis, and pattern quality indicator. LimeFxGO allows you to see trades with a glance, develop watch lists, view charts and prices, and make trades.

  • Forex as an LimeFx opportunity, has long existed in the world, but it has only become widely available to the retail trading community in the last decade or so.
  • Those factors lead to a plethora of support materials for MetaTrader online, including from LimeFx, from other brokers that use the platform, and from independent reviewers.
  • LimeFx requires some additional information about the customers but this depends on the regulator.
  • Capitalix also refers to a good broker because there are various reasons to choose over Trade Nation.
  • If you wish to read more about LimeFx, click ‘Visit Broker’ to go to the broker’s website.
  • In this educational section, LimeFx defines each, compares them, lets you know why you should perform that type of analysis, and tells you how to do so.

It is important to get reliable support for financial LimeFxs. LimeFx offers 24-hour support in more than 15 different languages. From my experience, they are working very fast and give professional answers to your questions. On this app, there are a lot of experienced traders who share their ideas and trades. The social trading app is very user-friendly and easy to use. But the platform is only available for mobile devices at the moment.

Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only. LimeFx is a CFD Irish Forex broker regulated by the Central Bank of Ireland . LimeFx allows its users to trade CFD of stocks, bonds, ETF, commodities, Forex and indices.

On the negative side, LimeFx charges an inactivity fee of $50/€50/£50 per quarter after 3 straight months of inactivity. On top of that, after 12 consecutive months of non-use, an annual administration fee of $100/€100/£100 will be deducted. When added up, these inactivity-related fees are quite high compared with LimeFx’s peers. Forex trading fees at LimeFx are built into the spreads. These catch-all benchmark fees include spreads, commissions and financing costs for all brokers. The fee structure is very transparent and trading costs are easy to calculate.

There are the fees charged by LimeFx when you make a trade – which aren’t exactly fees, but rather spreads. However, LimeFx will charge a hefty inactivity fee if you don’t use your account. Bear in mind that this fee will kick in after you haven’t made a trade in three months, and it will continue to pile $/£/€50 on top of $/£/€50 every 3 months.

Why would they want to deal with all the potential problems that come with running what amounts to a retail business? While there are signal services that are legitimate, nothing beats improving your own trading skills and knowledge. That’s something you can take to the bank anytime you like. Personally, we recommend starting with a free demo account on LimeFx.This is an account with virtual money which simulates trading with real money. Traders can practice on the platform to learn more about the financial markets. Also, advanced traders can try new markets to trade or new strategies.

You can set price alerts that will send you push notifications. Additionally, you can also set expiration criteria to these alerts and notifications. limefx review MetaTrader 4, a well-established third-party trading platform. Unfortunately, you can’t set price alerts and notifications.

LimeFx in detail

Let’s take an overall look at how LimeFx compares to its peers when it comes to platforms, fees, account opening and education tools. Our scores are on a scale of 1.0 to 5.0, from worst to best. Anonymous payment methods have been found on this website. This may help you as a consumer to remain anonymous but it is also „protecting” the merchant.

LimeFx scam

The mobile platform is fully featured, so you can do nearly anything you would be able to via your computer via this application. LimeFx additionally charges an administration fee of 100 units in the account currency, and this is automatically deducted following 12 months of inactivity. There are better trading terms available for those who are part of AvaSelect, which requires trades of 100 million in volume or deposits of more than 100,000 EUR, AUD, or GBP. You can choose to use either fixed spreads or variable/floating spreads.

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There are also entry orders that open positions at a given future price, only going to market and opening the position if that price gets reached. It is also possible to use orders where one being triggered will automatically cancel the other order. You can place a market order to immediately buy or sell at the current market price. Or you can opt for a stop or limit order where the position opens only if the price you predefine is reached. There you will see the instrument, the current traded contract, the AVA rollover date, and the next traded contract.

Additional tools like economic calendars, trading calculators, and an autochartist are available on the platform as well. Economic calendars track economic/financial events that are due to happen and could potentially affect the markets and cause the price of an instrument to move. ProsCons• Low trading fees• Inactivity fee• No withdrawal fee• Administration feeAll trading on LimeFx can be subject to charges and fees. LimeFx reserves the right to cancel any excess trades or exposures that exceed the outlined threshold limits, all canceled trades will be closed at their opening rates. FX options – Trade the mentioned base currency pairs and create any combination of calls and put options in one account.

Companies can ask for reviews via automatic invitations. We appreciate your support and look forward to helping you with all of your trading needs. This is great to read, and we are pleased you have enjoyed the service from our team; we will be sure to pass your regards to Alev from the LimeFx Team. We thank you for choosing LimeFx, sharing your experience and for kindly recommending us – we wish you lots of trading success. All information on is only published for general information purposes.

LimeFx Customer Support

LimeFx Spreads are ranked low with an overall rating of 8 out of 10 based on our testing comparison to other brokers. We found Forex spread much lower than the industry average of 0.9 pips for USD EUR, and spreads for other instruments are very attractive too. We found out that LimeFx offers a single Standard account, traders can specify a corporate account or Swap free Islamic account, and also a Demo account to test brokers’ environment. The broker offers a Retail account, which is basically the same as the standard one but is mainly for traders living in Europe. Based on our research, we found out that LimeFx is not a scam.

Stock indices include the strongest stocks of one country. The indices can be very volatile and have huge liquidity. LimeFx is an international provider for trading forex , CFDs and options.The company was founded in Ireland in 2006 and has since received a number of awards. The company is also regulated internationally on a number of occasions. Also, the broker is a sponsor of Manchester City which shows me seriousness.

LimeFx scam

LimeFx doesn’t charge any account fees, while deposits and withdrawals are also free of charge. We have detected that the website may offer cryptocurrency-related information, products and/or services. We consider these kinds of services to be high-risk for consumers.

Is LimeFx good for beginners

With that process, LimeFx would ask you to confirm your identity with a verification code sent to your mobile, as is done by many banking apps. This would provide an extra layer of security to your account. But, of course, there are many questions that need answers before you can determine whether LimeFx is a good option for you. For instance, which financial instruments am I able to trade, are there any hidden fees, is it a scam?

This effectively means that profits on successful trades are amplified. But herein lies the danger of leverage – losses on unsuccessful trades are also boosted. So essentially, Forex is a high risk, high reward activity. Nowadays mobile trading is important for any trader to react to the news or special events. LimeFx offers mobile versions for their trading platforms and a special mobile app for trading .

I tried to complain with the Bank of Ireland to no avail because they purposefully create accounts based elsewhere to be lawless. LimeFx Education ranked with an overall rating of 9 out of 10 based on our research. The broker provides very good quality educational materials, and excellent research also cooperates with market-leading providers of data. The education center constantly develops and features both Forex and CFDs trading information with live webinars, technical analysis, educational tools, and much more.

Mr. Webb has over 15 years of compliance experience working in the financial services industry. Before joining LimeFx he spent 10 years at Citco Bank Nederland N.V, serving as Head of Compliance and MLRO. Mr. Webb is a Certified Anti-Money Laundering Specialist .