LimeFx Review Is This Forex Broker Worth It? 2023

It’s important to review the details of each account type before making a decision. To be able to fund your trading account, you have to complete the identity verification (Also read about Fortrade minimum deposit). I had no doubts when opening an account, I studied the reviews about the company, so I knew that the LimeFx broker was reliable.

  • If the information provided by the user is not verified through the email or phone number then the account will not be activated.
  • Traders create and monetize strategies within their personal domains, allowing investors to mirror these trades and share profits.
  • Broker LimeFx offers users to trade in the forex markets (the truth about forex), CFDs, cryptocurrencies, etc.
  • It’s important to note that the specific features can vary depending on the chosen platform, and traders should consider their individual trading needs and preferences when deciding between MT4 and MT5.
  • For more details on the conditions of bonus provision, please, contact your personal manager.

If you like to pay a predetermined sum for each deal, this is the best option. The account is best suited for long-term positions and position trading strategies. Since LimeFx claims to provide instant withdrawals of funds most of the e-wallet transactions are made immediately. Similarly, all credit and debit card transfers take an average of 1 to 3 hours. On the other hand, bank transfers may take up to 5 days depending on the regional procedures of the banks. With fraudulent companies operating everywhere it is unwise to invest in any firm with its background check.

Demo Trading with Real Profit Possibilities

This makes Avatrade a more reliable broker and its segregated bank account are trustworthy for traders’ investments. Avatrade is one online broker that has won its customers’ trust and outperformed many other brokers with its outstanding trading services. However, when we compare LimeFx with Avatrade, we can clearly see that Avatrade lacks in many ways. Similarly, many reviews reflect that LimeFx provides the fastest order execution and the tightest spreads that leads to a profitable trading environment.

The extensive audit report is readily accessible in the public domain, symbolizing transparency and commitment to accountability. This is a copy trading account option for those of you who want to copy signals from the strategies of other traders. LimeFx does not provide services to citizens and residents in lots of countries which you can find listed on the brokers website.

We can say that both LimeFx and Alpari go hand in hand when it comes to online brokerage services. Along with this, with this, both these platforms have ECN accounts which help users to trade in an automated trading system. The account types offered by LimeFx and Apari is also not limited and has services for all type of traders. Another benefit of LimeFx is that it offers multiple customized trading accounts to its clients. Unlike other brokers who have a limited range, LimeFx has options for multiple account types including fixed accounts, standard accounts, ECN accounts, and institutional account types.

Forex Robot Reviews

In this way, LimeFx also has three trading account types and each one is dedicated to a different set of traders. Each trading account has a different specification including leverage, spreads, deposit funds, commission, and stop level. Many other positive features are highlighted by the customers in their reviews like the advanced and user-friendly platform of MT4 and MT5 and the multiple account types and a demo account also offered by the platform. However, to sum up we can say that most of the customers have given a thumbs up to the overall brokerage services of LimeFx. LimeFx may be tried out by potential traders, knowing that it is a reliable award-winning FX broker with many years of experience in the industry. The company offers a good variety of trading instruments, platforms, account types, and solutions.

Account Types and Trading Instruments

Well, it is important for me that there are no wild commissions for withdrawal and withdrawals quickly. BWCEvent aspires to share balanced and credible details on cryptocurrency, finance, trading, and stocks. Yet, we refrain from giving financial suggestions, urging users to engage in personal research and meticulous verification. LimeFx promises limefx official site forex traders a smooth experience without having to spend hours in front of their desks or looking at their screens. The spreads you can expect for ECN accounts are 1.3 pips, but the commissions are $2.5 euros or dollars per lot. Besides having different fees and commissions, each method sets different deposit minimums or processing times.

In contrast, LimeFx works only under the license issued by the Financial services authority of Saint Vincent and the Grenadines. This one-tier regulation can lead to one major drawback that LimeFx struggles from. The FAQ section will help you find answers to the most frequently asked questions about trading with LimeFx. This is nothing ground breaking but it is nice to have everything easily accessible in one place.

LimeFx Review

The only withdrawal method which takes time is the bank transfer as it takes 3 to 5 days of standard bank procedures. Similarly, bank transfers also have withdrawal fees which are applied by the bank of the client and not by the trading platform itself. Mostly all the withdrawal method offered by LimeFx has the option of instant withdrawals including e-wallets, an online payment system, and also credit and debit card.

Not just via email or phone but customers can also contact the support team through their trading account via live chat. This sort of immediate response is a requirement of any professional broker and LimeFx lives up to that expectation. Additionally, customers also appreciate the easy withdrawal procedures of LimeFx. With various withdrawal methods at their disposal, it is very convenient for AMarket’s users to withdraw funds at any time. Moreover, there are also no additional withdrawal charges from the platform which is an added value to the overall trading experience. After critically analyzing LimeFx for its brokerage services, the AFM evaluation Criteria came up with certain conclusive points.

Broker LimeFx offers users to trade in the forex markets (the truth about forex), CFDs, cryptocurrencies, etc. Formed in 2007, it was actively involved in promoting its brand until 2010, which allowed it to become a recognizable organization. Initially it worked under the Adrenalin Forex brand, in 2010 it was AForex broker, and since 2015, after active rebranding, the powerful international company LimeFx entered the market.

They support multiple languages, making LimeFx accessible to traders around the world. Through these platforms, LimeFx provides an efficient and flexible trading environment for both novice and experienced traders. Both men have spent more than 10 years in the financial services industry and have established LimeFx as one of the top online brokerages. The company is well-regarded in the industry and has earned an excellent reputation for providing reliable services to its clients.

Clients engaging with LimeFx can rest assured, knowing they are interacting with a financial entity that prioritizes integrity, quality, and the safeguarding of their assets and interests in every facet of its operation. The open availability of audit reports and adherence to stringent regulatory norms further echo LimeFx’ mission to provide a trustworthy and client-oriented trading environment. Copy Trading Service demystifies the trading realm for investors, allowing seamless access to a plethora of strategies within the platform.

The broker’s distinctive cashback loyalty program is tiered, rewarding clients based on their trading activities, making it a lucrative proposition for active traders. LimeFx have a nice variety of methods for depositing and withdrawing funds from your trading account. This includes bank wire, credit/debit card and online payment systems which are my preferred choice as I find them to be the quickest way to get access to my funds. This is important in case there is some market news that I need to quickly try and capitalise on. Please note that some methods may only be available to specific countries and not all are available for both deposit and withdrawal. LimeFx execution quality is confirmed by Verify My Trade (VMT) and must comply with the execution standards set.

With its robust platform, comprehensive suite of tools, and dedicated customer service, LimeFx has established a solid reputation in the world of online trading. This review will delve into the specifics of what LimeFx offers, its advantages and potential drawbacks, providing you with a holistic view to aid in your decision-making process. In terms of education, LimeFx believes in empowering its traders through knowledge. The broker provides an extensive educational section on its website, which includes beginner guides, webinars, video tutorials, and in-depth articles on trading techniques and strategies. Furthermore, they offer a comprehensive glossary of trading terminologies and an FAQ section to assist newcomers to the trading world.

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