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LimeFX is a foreign exchange broker headquartered in UK and provides a range of instruments for trading. Since its inception in 2002, LimeFX has emerged as a top-tier player in the field of online brokerage. LimeFX includes a highly competitive and full-featured trading site that’s focused on forex, limefx broker reviews indices, metals, sharesand commodities. There is the option to make virtual trading, desktop and web platforms, proprietary platforms, MetaTrader 4 , and trades from charts. However, many LimeFX reviews show that the platform fails to deliver quality content and is therefore below the industry standard.
In some unpleasant circumstances, the broker ends up claiming almost all of the profit made. The trader will have to completely verify the account before the restrictions can be lifted for trades to continue. LimeFX is mandated to collect a government-issued identity card and a proof of address document from its users. I had no connection issues on my end as I had other trading platforms running perfectly.
You just need to finish a single-user profile questionnaire to begin depositing money into your trading account. You will have to give an identity evidence and evidence of residency to deposit large sums. The first kind of charges to look out for are trading charges. When you make an actual trade, like buying a stock or an ETF, you’re charged trading charges. In such instances, you are spending a spread, financing speed, or even a commission.
LimeFX review, 2021 Update
Mistakes can happen even with the most cautious of investors, and should be used as a learning opportunity. Be careful and verify your information through multiple sources. Constant vigilance should be applied at all times when sending money online. If a broker is not licensed by the regulatory authority in your jurisdiction, that likely means that they are unregulated and should be avoided. Even if the brokerage is regulated, it is best to avoid it if the regulator happens to be outside your jurisdiction.
The company uses Ethereum cryptocurrency coins to join, the ROI, and to pay out your profits and referral commissions. The niche that I would say that LimeFX is in would be the cryptocurrency MLM ROI niche. Accounts are not structured in the “classic” way of Beginner, Silver, Gold, VIP, etc. but instead LimeFX offers the possibility to open a Meta Trader 4 account or a TraderPro account. The main difference between the 2 is the platform you’ll be trading on and all other trading conditions are the same. Also, it must be noted that spreads on MT4 are slightly bigger but still very competitive. ScamBroker.com is a broker reviews website, and does not offer any investing advice or service.
When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling. Broker Complaint Alert helps victims of LimeFX fraud, forex scams, crypto scams, and any type of fraud that happened to you. OvalX Overall Ranking is 7.9 out of 10 based on our testingand compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers. LimeFX does a great job in making sure clients are informed.
How long do LimeFX withdrawals take?
If, after reading this LimeFX review, LimeFX doesn’t meet your needs check out these LimeFX alternatives. LimeFX has a wide variety of over 100 instruments available for you to trade with. If you feel that LimeFX is not right for you then at the bottom of this LimeFX review you wil find a lot of alternatives to LimeFX. Please note that due to regulations, the content in this LimeFX review does not apply to US users. This website may have financial affiliations with some of the brands and companies mentioned on this website. Content) and the views expressed in these types of posts do not reflect the views of this website.
If you’re a new entrant in the realm of trading and brokerage, so many facts will be confusing for you. Getting into the area of trading requires expert analyzing skills and thorough knowledge. You will get proficient at all of the concepts of broker as you continue trading.
Expert and intermediate level traders might be able to analyze the market on their own but beginning traders may find this difficult. Some expert traders see this constant routine as time consuming and desire a reliable source to get valuable market feedback. Our review of LimeFX shows that they ETX now gives traders the powerful and versatile https://limefx.biz/ TraderPro and MetaTrader platform. Investors have more assets to trade, and better types of Spread Betting options. The broker’s own trading platform features a fluid HTML5 layout that allows users to trade approximately 6,000 different assets with ease. However, the absence of research features is still a considerable disadvantage.
LimeFX Review – A Scam Daily 1% ETH Deal Or Legit Money Maker?
However, along the line, restrictions will be placed on the account. There are a lot of things to be assessed before a broker can be tagged as efficient. This is why user reviews cannot suffice when making a decision.
- The verification process on LimeFX may take up to 24 hours.
- This will tell you whether they are regulated by a central authority or if Capital ETX is an offshore and/or unregulated entity.
- All opinions expressed here are our own and should not be considered a recommendation or endorsement.
- Good platforms eliminate the occurrences of system lags and poor load or execution times.
- The broker’s own trading platform features a fluid HTML5 layout that allows users to trade approximately 6,000 different assets with ease.
LimeFX takes complaints seriously due to their FCA license, and they use an external Financial Ombudsman Service to resolve any issues traders may have. Traders at LimeFX receive a higher level of protection with their accounts, because of the Financial Services Compensation Scheme. LimeFX provides excellent customer service with prompt and precise responses. However, it is not accessible 24/7, which is a significant drawback.
The problem is often not the lack of will to be informed but the unavailability of a good site to get accurate information. A good broker makes sure that traders get access to news valuable to their trading paths. Most sites ask traders to configure their account timelines by selecting areas they want updates on. This streamlines their newsfeed so that only valuable news is received. This broker provides traders with the wings to fly to any height. The long list of available markets creates room for anyone to choose from the vast instruments and start trading.
LimeFX
A possible solution to solve an issue can be found in one of the answered questions. Traders who do not use any of these currencies can get wallets or accounts that have any of the above. The main language is English but several others are available for traders who are not English natives. In addition, tutorial guides were created to guide first-time users who may encounter trouble finding what they are looking for. On the company’s part, they ensure client’s funds are locked away safely and separated from the company’s fund.
The broker offers trading in CFDs and Forex, as well as excellent customer services, and has decades of expertise. This platform is designed for limefx forex brokers reviews experienced traders or ‘pro’ accounts. In this, you’ll have access to various complex features and a broad range of financial marketplaces.
UK consumers who engage in binary options trading might not be aware that it is not, currently, an FCA-regulated activity. The platform may get some time to get used to but it has useful features and solid functionality. The website is clean, with well-structured information and is translated in 11 languages. Demo accounts are available, as well as mobile apps but U.S. clients are not accepted. The huge experience ETX has on the market can be considered an extra, as well as the solid FCA and CySEC regulation of the owning company. As for trading, the normal features are available, without anything extraordinary.