LimeFx scam: LimeFx Review 2023 Pros and Cons Uncovered

LimeFx scam
LimeFx scam

LimeFx now permits the opening of micro accounts which allow a standard minimum trade size of 1 micro lot. The Classic account variation still comes limefx with a $500 minimum deposit. First broker, i’ve made first good money with. Maybe i was unlucky before, maybe i just became more professional.

LimeFx Minimum Deposit is set to $100, however, the broker recommends depositing at least $1,000 to enjoy the full features of the trading itself. The only point is that regulatory standards and protection vary based on the entity. It is regulated and authorized not only by one regulator but by several, which gives it extra layers of security and always for traders’ better.

Trading Fees

LimeFx makes it possible to use trading robots and the ability to connect the VPS server. This will allow my robot to trade for 24 hours. It’s got a nice choice of trading software. Before I started trading I first deposited money and withdrew it the next day.

How do you know if the forex is Scam?

The first step you should take when you come across a Forex broker or agency is to google their business name. Look for customer reviews on reputable websites. If there are none or they are sound fake, you should stay away from that service provider.

MT 4 is the industry-standard platform used by most brokers for its reliability and recognizability. This platform has a basic set of features and is usually slower than cTrader, but it is considered to be a better option for new traders because of its user-friendly UI. As you might have guessed from the name, MT 5 is a newer version of the MT 4 trading platform. This account provides users with MT 5, which is faster and more feature-rich platform than its predecessor. LimeFx is a no dealing desk broker, which means that its clients can trade using the exchange rates that big banks use to trade amongst themselves.

For example, I am fond of trading on MT4 platform, I know all the peculiarities of this platform here, however don’t know about cTrader. In my opinion, LimeFx today is one of the leading and innovative brokers for trading different financial instruments. It doesn’t mean that other platforms are worse than cTrader, some traders prefer LimeFx platform, other ones MT4.

Most of all, the person was hurt by the fact that he got no explanation of the reasons why they broke the contract with him. When there is nothing to hide, then a company talks to people openly, but not when it comes to LimeFx – they prefer to hide. Do you think that only one person got this unlucky?

Professional Trading Account

It came out of nowhere, they say the matter can’t be discussed further, I don’t even know why. Com, I don’t encounter issues like I had in LimeFx. The onboarding process also asks new clients to select what type of trading account they’d limefx scammers like to set up. The options include Standard, Instant, and Fixed Spread. There is also a section where newbies have to choose the trading platform they want to use, with MetaTrader’s MT4 and MT5, cTrader, and LimeFx Edge being available.

LimeFx scam

My decision was influenced by the fact that LimeFx is a rather old and well-known company with a good reputation and their trading conditions suits me. So far, only positive impressions of the service. I withdrew my funds they issued me fake ARN nos and my bank could not locate such transaction but their deposits are swift . Unless you are 100m away from their headquarters don’t deal with broker. I didn’t find the big disadvantages here. Really fast and easy registration and funding.

I want to trade options, are they available at LimeFx?

But I don’t understand why there is a restriction on the demo account. That is, I can only trade in MT4 for up to 6 months on a demo account. On the one hand, it is an incentive not to delay the transition to a live account. On the other hand, I do not like being limited. With LimeFx, you can understand the difference between accounts with market and instant execution because the broker offers several accounts with different execution.

LimeFx scam

I can spend half of an hour on comparing ctrader and mts platform and choose the best. I guess it’s pretty appealing, as there is no need to decide which platform is the best. Some traders don’t care about it at all, and they prefer something that is more familiar to them.

LimeFx Reviews

There are also a number of trading tools that will help traders with their risk management strategy. These include the LimeFx calculators and the direct app that helps manage trading accounts anywhere.One final risk management tool offered is the LimeFx Wallet. With the wallet traders can transfer funds from their trading account to the wallet, and vice-versa, at any time.

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Also, they have a lot of information on how to trade on their website. Now I want to try on a live account and deposit a few hundred dollars. I hope that service and execution on the live account will not be worse than on demo. Since 2006, the brokerage firm LimeFx provides trading services in the foreign exchange market.

I would also add here tight spreads on the ctrader platform. It’s quite significant for traders to have them. Even though they are floating, it’s useful anyway. LimeFx is taken seriously about financial security. Company separates all client funds from its own capital. Clients’ money is deposited into bank accounts at major European banks.

In this platform, I value not its visually appealing design and even easier access to assets than in MT, but I’m primarily interested in the depth of the market feature. I helps me to trade more effectively because it allows to monitor bulls and bears in real time and I can timely respond to any impulse. As well as any broker, LimeFx has advantages and disadvantages. But in general, I think they are one of the best and most reliable brokers in the market. LimeFx provides quite flexible conditions, a wide range of instruments, and quite a tight spread.

Also, there is a wide range of payment methods and fast withdrawals. So far I would like to recommend LimeFx broker to anyone who wants to start trading forex. Very good and supportive customer service.

  • As all things go, this account is the one that would be best for most traders.
  • LimeFx didn’t surprise me because I have passed plenty of other brokers already and it isn’t easy to surprise me for real.
  • They steal customer’s money and explain this fraud by the hacking of their system.
  • There is a demo account where you can practice with unreal money.

In fact, the VPS allows traders the use of both algo bots and LimeFx MT4 Expert Advisor or EA’s for LimeFx advice. According to most of the trading communities and reviews, MT4, cTrader, and MT5 are optimal algorithms for advanced trading. Ideal for creating custom indicators and strategies, the LimeFx MT5, MT4, and cTrader algos also enable backtesting of trading strategies.

All payment transactions here are processed quickly. That’s why I highly appreciate the work of LimeFx. These guys know how to present a competitive product to clients. Actually, many brokers might be envious to them. Fast processing is a calling card of the company.

LimeFx scam

Some people like Metatrader trading platforms, other prefer cTrdaer or LimeFx proprietary platform. Anyway it is better to try it out by yourself. I have traded with LimeFx for 6 months, the spread is fine for my trading system and the platform is fast and convenient. Mobile trading is also without problems, the app is working properly. The managers are friendly and always ready to help to sort out the problem. In general, you can work and earn with this broker.

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For this price you can get the feeling of good market execution and trade tons of instruments. I’m 2 years as a trader here and glad that I came to the broker. You can’t always be right and some tech stuff helps increase your chances of success. Still, I am surprised by the number of trading instruments, markets, platforms, and advanced options. It inspires me to new strategies, for being flexible at the market. I’m a scalper and I can say that I found this broker at the right time because I needed something that could give me an advantage.

How do I withdraw money from LimeFx?

  1. Tap the “Withdrawal” button in the “Wallet” section.
  2. Specify the amount to withdraw.
  3. Select a withdrawal method.
  4. Tap “Withdraw” You may also need to follow the steps you see on the screen;

I appreciate its functionality and user-friendliness. By the way, a trading account with cTrader is ideally suitable for scalping because it comes with very low spreads – starting from 0,37 pips. Of course, here I have to pay commission, but it’s oK for me because that’s the price I have to pay for very convenient scalping. As for trading account with Metatrader 4 I chose market executionsa version of account because requotes can be on instant ones, as the broker warns on its site. After half a year of trading with them, I learned a lot and got good experience.

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