The customer support was also good and most of the responses were clear and detailed. On the trading platform, if you go to the Discover tab, you will see real time data on Most Volatile, Risers, Fallers and Most Traded assets. This is a great way to see where the market action is taking place, and find new trade ideas. New investors https://limefx.biz/ will find the Investmate App, to be a nice and easy way to learn the basics of investing online. TradingBeasts helps individual traders learn how to trade forex, cryptocurrencies and other assets as CFDs. We verify and compare brokerage companies and warn our readers about suspicious projects or scam marketing campaigns.
A two-step authentication would be more secure and adding this feature should be high on any company’s list of security changes. There are a lot of deposit options at LimeFX, including electronic wallets such as Apple Pay, PayPal. Founded in 2016, LimeFX is regulated by more than one country, including the UK, Australia, Seychelles, and Cyprus. In fact, due to its worldwide popularity, 24 languages are available on LimeFX. Support and service is the paramount factor for any business to grow and flourish. LimeFX has worked day and night to provide ease to its users by providing prompt responses to the users of their relevant queries.
- We compared LimeFX’s fees with those of XTB and Trading 212, two similar brokers selected by our analysts.
- Instead, there is a standard retail account and a separate account for corporate traders.
- ForTrade is a popular regulated CFD broker, that many investors are using, because of their unique trading platform, look here.
- Before you start trading at LimeFX, you must deposit a minimum amount into your trading account, which is $20 if done by credit/debit card, Apple Pay or PayPal.
You can access the platform across all connected devices, moving seamlessly from desktop computers to smartphones, thanks to the use of dedicated apps. An account balance of USD 3,000 – 10,000 gives you access to the Plus account. This provides you with the services of a dedicated account manager, platform walkthroughs and custom analytics, to improve and enhance your trading experience.
LimeFX · Company Summary
There are also more in-depth trading guides that cover such topics as spread betting guides. One of the first things traders should look for when considering a new broker is the level of customer support offered. Excellent customer support is another great sign of a legit broker and a very important department, considering you are handing over your hard-earned money and should be able to reach assistance when you need it.
Unlike many other mobile apps offered by other brokers, the LimeFX app allows novice traders to watch educational tools. Now that we’ve come to the end of our LimeFX review we’re happy to report back that this is a bonafide broker with a lot to offer. The lack of fees and commission on deposits and withdrawals is extremely welcome, and the site gives traders access to some exciting features, including artificial intelligence. LimeFX is a versatile platform to trade CFDs and learn at the same time.
CySEC also monitors licensed collective investment funds, registered investment service companies, companies that operate mutual funds and investment consultants. CySEC covers €20,000 or 90% of investor’s claim (whichever is lower) per person per firm, in case of broker bankruptcy. At LimeFX a non-Cypriot citizen is treated the same way as a Cypriot resident in case something goes wrong. We think the most important feature is to be regulated by at least one trustworthy authority. With a CFD and forex broker, it’s also a cardinal info whether the broker provides negative balance protection or not.
Surpassed 12.51% brokers
MT4 gives you access to technical indicators and charting options, and also supports automated trades, although it’s not currently available to traders within the UK. Users rate the apps particularly highly, praising the mobile site for offering plenty of technical analysis options, but without cluttering the screen with unnecessary information. This makes it the perfect option for newer traders, although it’s possible the lack of detailed charts and tools may deter more experienced traders.
The broker community and traders are often blamed for making false claims and mismanagement of the user’s money. However, LimeFX comes with an idea to present clear transparency while keeping the user’s money. All the money of users is kept in separate bank accounts, and a compensation policy set by our regulators is also offered by LimeFX. To trade in Stocks, Forex CFDs, or even Crypto CFDs, it is imperative to know and understand price and market movements that can only be learned from Technical Analysis.
Offers and New Customer Experience – Referral offer and sign-up
Usually, LimeFX processes all withdrawal requests within 24 hours but it may take between 5-7 business days for the funds to reach your card/bank account. In order to withdraw money from your account, select the withdrawing method from the appropriate menu, enter the amount to be withdrawn and confirm the process. Please note that LimeFX may require additional verification steps before processing your withdrawal request. The processing time for withdrawals can vary depending on the payment method you choose, but typically range from a few hours to a few business days. Online trading involves significant risk, and you may lose all of your invested capital. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers.
My only grudge is the fact spread is 1.3 on GBPUSD where on other brokers its 0.3 – bit greedy but It’s outweighed by the fact theres excellent slippage protection and guarantees of levels. LimeFX is a legitimate and regulated online trading platform. It also follows strict regulatory requirements, including holding client funds in segregated accounts and providing negative balance protection. However, there are also some negative reviews from their clients complaining that they are unable to withdraw. LimeFX stands out for its high-quality research, strong educational content, and innovative web platform, making it a great choice for both beginners and experienced traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Accuindex Review 2023 Is It Scam Or Legit?
LimeFX’s trading platforms are intuitive and easy to use, making it suitable even for beginner traders. LimeFX is next on our list of the best LimeFX alternatives. You can trade a wide range of assets with this broker, and their biggest advantage is the low minimum deposit of just $10. Furthermore, your assets are quite secure because the broker is fully licensed by the IFSC Belize. Furthermore, the broker is owned by a large corporation with headquarters in Europe.
However, the only person making money from it, is the one who wrote the article! For a detailed explanation of how these scams limefx operate, you should read this article. Arox Capital is an unregulated Crypto and Forex CFD Broker, that opened in March 2021.
Its users can trade on more than 3,700+ different financial CFD instruments. It provides its users and traders to learn at the same time by providing technical analysis and AI-based reviews on their trades. LimeFX provides a free demo account or a live trading account with a minimum deposit of $20 by credit card and $250 by wire transfer. The software is available for browsers, desktops, and mobile devices. More than 3,700+ markets are available to trade with variable spreads and no commissions. Overall, LimeFX has a very good offer for new and advanced traders.
Although LimeFX has a 4.3/5 rating on Trustpilot, there are tons of complaints from customers who have lost money, can’t withdraw their cash, and disappointing customer service. In this LimeFX review, we explore whether this is a legit platform and whether potential or current investors need to have any concern over the safety of their funds. LimeFX is a broker regulated by FCA and CySEC, two top-tier regulators. Also, it is offering a wide range of assets, over 2000, which makes it a good broker.
If that’s something you’d like to do, you’ll need to sign up to an alternative broker. Read our WeBull review to find out more about crypto trading, if this is something that’s of interest to you. Whether it’s the LimeFX review, our Wirex review, or our eToro review, the one thing new traders are looking for is a site that’s easy to use, with plenty of trading opportunities on offer. On the plus side, forex CFD fees are low, the account opening is very user-friendly, and customer support is exceptional. Be careful with forex and CFD trading as the preset leverage levels are high. The broker allows its clients to change the size of leverage, which is great.