LimeFx Broker Review: All You need To Know
LimeFx awards customers whochoose and remain with their services because they value their loyalty. Byjoining LimeFx’s loyalty program, customers can get endless loyalty rewards andtrade with greater funds, which can lead to better trading results. Furthermore, it isimportant for buyers to learn about the rules that apply to their area and typeof account, as rules can be different based on where traders live and what kindof account they have. Customer support is one area where LimeFx really will go the extra mile. LimeFx claims to speak over 25 languages and customer support is available through all the usual channels.
Place the trade at any time of the day, provided that it is during trading hours. There is also the ability to place trades via the telephone for those who prefer this method. Additionally, LimeFx remains respectful to the idea of Islamic Accounts, never using “swap-free in disguise” accounts.
There are no trading bonuses, no deposit bonuses, and hedging is not allowed. LimeFx also offers its operational philosophy as a reason to consider choosing this company as a broker. Its philosophy is to earn loyalty as a way to ensure the satisfaction of clients. LimeFx recognizes that credibility and reputation are closely linked. Those include trading currencies, CFDs, precious metals, energies, and equity indices.
Dear Khatija,We’re sorry to hear about your dissatisfaction, but we must clarify the situation regarding your account. Our terms and conditions clearly state that arbitrage trading, which involves exploiting price differences between different markets or platforms, is not permitted. When we detect violations of our terms and conditions, such as arbitrage trading, we are required to take appropriate actions, including blocking accounts involved in such activities. If you have any further questions or concerns, we encourage you to reach out to our support team directly.
- At LimeFx there is a Demo Account facility that gives you a virtual balance of $100,000 to play around with and find your feet.
- This is done by monitoring industry trends and technologies.
- LimeFx offers clients access to trading forex and CFDs on stocks, energy commodities, soft commodities, precious metals, and indices.
- It’s important to check the broker’s website for the most up-to-date information on deposit and withdrawal fees.
- As you see below, you will be required to provide detailed information about yourself, which includes your first name, last name, phone number, location, email, etc.
The VPS fee will be automatically deducted from your MT4 or MT5 accounts on the first day of each calendar month. Personally, I have used MT4 for many years and never felt the need to switch over to MT5 just yet. I like that most brokers offer MT4 whereas MT5 is less commonplace.
They are also regulated with the International Financial Services Commission of Belize (IFSC) and the Dubai Financial Services Authority (DFSA). Micro and Standard account spreads on all majors start as low as 1 pip, while LimeFx Zero account holders can expect spreads as low as 0 pip. LimeFx requires a $5 minimum withdrawal for Micro and Standard accounts. Before you can trade with LimeFx for the first time, you must provide identity and residential address verification. The LimeFx website is available in 22 different languages, with customer support provided in more than 25 languages.
The TV-style format works really well, whilst the content can also be downloaded as a podcast. There are also 16 stock indices available to trade with the major European, US and Asian stock indices all present. European clients under the CySEC jurisdiction are covered by the Investor Compensation Fund (ICF).
While industry-standard fees include overnight funding and currency conversion, the inactivity fee may concern less active traders. Overall, LimeFx’s user-friendly fee structure and competitive spreads make it attractive to traders. They offer an impressive 25+ secure payment methods, 16 trading platforms and 24/5 customer service. I like the fact that they take great pride in being a fair and reputable broker with all clients receiving the same trading conditions regardless of their investment size or trading experience.
LimeFx Review – 20 Keypoint Overview
Dear abdul,We’re sorry to hear about your experience and appreciate your feedback. Could you please provide us with your personal details via the private message option so we can investigate your case further on our system? We’ve sent you a request via Trustpilot to facilitate this process.Thank you for your cooperation.LimeFx Team 🚀BIG. Casino not a broker when placing a trade 80% of your balance is gone.spreads is horrible and withdrawals you will wait forever once you eventually withdraw. Hi Deboss,We’re delighted to hear about your positive experience with our support team, especially with Omer! LimeFx Group has over 450 employees with customer service in over 30 languages available 24/5.
Depositing and withdrawing funds with LimeFx is a convenient and secure process. The broker offers a variety of payment methods to cater to traders from around the world. LimeFx generally does not charge fees for deposits and withdrawals, but additional charges might apply depending on the payment method you use.
The LimeFx Foundation
Previously a $30 welcome bonus was paid at registration of an account. LimeFx Group offers a variety of unique features and tools designed to enhance traders’ decision-making processes and provide valuable insights into market trends and trading practices. LimeFx offers traders a diverse range of tradable instruments across various asset classes, enabling them to build diversified portfolios and access a wide range of market opportunities. LimeFx has an excellent educational area for clients new to trading, including videos, tools and live webinars it’s one of the best educational areas we have seen with a broker of this type. There are four account types to choose from, plus the ability to customize an account. A demo account is available and you can open a live account with just $5.
LimeFx Account Types
This account type is designed and created specifically for those who follow the beliefs of Islam. This account is basically a combination of the limefx Standard and Micro accounts, offering traders the best of both worlds. As for the micro ultra, the lot equals 1,000 units of the asset traded.
Traders then need to fund their accounts with a deposit, discussed below in the deposits and withdrawals section of this review. First, you fill in some basic information including your name, address, and some information about your financial background and trading experience. LimeFx’s https://limefx.vip/ free demo account is popular among traders to practice ideas or even experienced traders to test strategies. Demo accounts have no expiry date, but they are closed when not used for 90 days. LimeFx offers 24-hour support, 5 days a week through email, live chat, phone, and fax.
This is ideal for bother beginner and intermediate-traders and would probably even appeal to more advanced traders. There is a news tab, a research tab which encompasses all of the exam bespoke, in-house research. Furthermore, there are trade idea and technical summary sections, alongside the economic calendar. In addition, there is the impressive LimeFxTV and also a podcast offering.