The clients are also required to prove their identity and residency by providing necessary documents like utility bills, bank statements, passports, etc. Additionally, LimeFX also adheres to stringent security measures and employs the latest security technology to protect trader’s financial and personal data. A Crypriot IBC (International Business Company), FT Global Services Ltd, monitors the processes of credit card transactions.
They are trustworthy, reliable and technologically progressive with impeccable customer service. The team works really hard to create a sustainable forex trading environment to help everyone enter the market easily and conveniently. I have been trading with them since 2017 and I can beat my chest that ’ it’s a great broker’. They have good customer support, depositing into your account is easy and seamless and their withdrawals method are even more easier and seamless. Your fund with LimeFX is so secure, that no third party can withdraw your fund without you knowing.I recommend LimeFX to all and sundry. The trading experience is based around speed, agility and reliability.
MT5 Trading Platform:
The LimeFX team can be reached via email, phone, and live chat support. In Live Chat the team responds to every customer query within 30 seconds, in various languages. New LimeFX International investors may benefit the most out of the Copy Trading feature on the platform. The type of trading offers the same trading experience to a trader but the account will copy all the moves of the professional traders known as Strategy Managers, through the platform.
- We have currency pairs, indices, commodities, metals, energies, stocks and so on.
- Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey.
- LimeFX International are well-known for their outstanding commitment to customer satisfaction.
- After completing the initial registration form, a verification pin code is sent to the email address or mobile phone number supplied.
- The platform features multiple currencies and customer support in more than thirty languages.
For those of you who need managed accounts, LimeFX are worth considering as alternatives. LimeFX International is owned by Exinity Ltd which is a financial investment company located in Mauritius. The firm is authorized and regulated by the Financial Services Commission limefx scammers (FSC) of the Republic of Mauritius. LimeFX Ltd is authorised and regulated by the Financial Services Authority (FSA) of St. Vincent and the Grenadines. The ECN Pro Account is designed for professional traders, with a required deposit of at least EUR/USD 25,000.
LimeFX International Review
When it comes to choosing a Forex Broker, it is also essential to analyze all the clauses written in small print (which many often do not). Almost everyone is convinced that LimeFX is an ECN broker, Non-Dealing-Desk, and has direct access to Inter-Bank Market. However, you will find out by reading the clauses well, that the Non-Dealing-Desk (NDD) option only refers to Pro accounts.
You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Opinions, market data, and recommendations are subject to change at any time. The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds. LimeFX International supports a wide range of languages, including English, Russian, Chinese, Arabic, Indonesian, Hindi, and Spanish.
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This is a type of contract between you and your broker, LimeFX International in this case. You speculate on the entry and exit values of different company stocks without owning any assets. LimeFX International is a highly regarded brokerage firm that is regulated by the Financial Commission (FSC) in the Republic of Mauritius through its parent company, Exinity Limited. Therefore, beginners should consider the LimeFX introduction before consulting online educational resources available for free. I recommend they begin with in-depth content covering trading psychology and the relationship between leverage and risk management while avoiding paid-for courses and mentors.
Every investment in forex trading comes with a certain degree of risk. This is why they suggest that novice investors practice trading through their demo accounts. Hence, you get both the freedom and safety to enhance your trading skills in an environment with real market conditions but with no risk involved. As said earlier, LimeFX International provides access to 250+ trading instruments and allows trading from two trading platforms, Metatrader 4 and 5.
Please dont open an account with them if you do deposit small amount and try withdrawing it and you will see there true colors. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. I don’t like how LimeFX only has offshore regulators as these could be considered to be inferior to that of the FCA, ASIC, or CySEC. Most traders and experts advise against trading with offshore regulated brokers. You can check out our broker ratings for some alternative brokers with additional regulations.
LimeFX, founded in 1998, is one of the pioneers of online Forex trading. My review focused on the Comoros subsidiary, regulated by the Mwali International Services Authority. Another subsidiary operates with a regulatory license in Mauritius. I also want to note the superb corporate owner, Exinity Group, run by Andrey Dashin. All the payments at LimeFX are handled by a reliable payment provider that makes sure that the personal details are completely secure. On the other hand, card transactions are safely processed via FR Global Services Ltd and AI Accept Solutions Ltd.
Withdrawals are usually processed within 24 hours and quickly sent. Platform participants that have questions or require guidance regarding their accounts can reach LimeFX International representatives across multiple support channels in 8 different languages. When reached, company representatives are very helpful and responsive. Unfortunately, this broker does not offer negative balance protection, meaning that if the market moves suddenly against a trader’s current trade, the trading account will not be covered from any losses.
LimeFX Alternative Brokers & Comparisons
The MT4 Micro Account has a stop-out of 30% and a margin call of 50%, while the standard MT4 account has a higher margin call of 60%. All accounts are commission-free https://limefx.club/ and traders can choose between MT4 and MT5. LimeFX International is an online trading platform and asset broker that was established in 1998.
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This automatic process of Copy Trading does not require any action of the users as the account automatically copies the trade. Though the type of accounts is freely offered, there are specific trading markets that are not available to certain accounts. No matter which account is chosen, the following are the 4 base currencies that can be used – USD, GBP, NGN, and EUR. Coming to the account types, the free demo account is available only for the ECN Account MT4 MT5 and the Standard Account MT4. The standard LimeFX account is available as a basic account, also known as the Micro Account MT4 and the standard LimeFX MT4 account.
Trading Instruments
Requotes are available at low rates and so is hedging, i.e. having multiple positions at a given market, both in the same or the opposite direction. The process for opening an LimeFX International account is designed expressly to be as simple and swift as possible. After completing the initial registration form, a verification pin code is sent to the email address or mobile phone number supplied.