LimeFX Review 2024: Read Before You Trade
Overall, limefx forex broker my experience with LimeFX’ client care service has been exceptional. Their fast response times and effective problem-solving skills truly set them apart in the industry. I highly recommend them to anyone seeking a reliable and supportive customer care experience. LimeFX operates under offshore regulation, specifically through the Financial Commission, which offers a compensation fund of up to €20,000 per case for its clients. While this level of regulation might raise concerns for some traders who prefer brokers with top-tier regulatory oversight, LimeFX emphasizes its commitment to client security and transparency.
LimeFX Main Features
More in-depth analysis is available in the Main Trade Ideas section of the website. Here, in-house analysts cover major markets from a mostly fundamental perspective. The content provides trade ideas with a long or short bias, along limefx scammers with suggested take profit and stop loss levels.
What should I do if I suspect unauthorized activity in my LimeFX account?
The secure LimeFX back office handles all financial transactions for verified clients. Account verification is mandatory at LimeFX, as it complies with global AML/KYC requirements. Most traders will pass it by uploading a copy of their government-issued ID and one proof of residency document.
The MetaTrader 5 mobile app also provides many order types, including pending and stop orders. However, trailing stop-loss orders are only available from the desktop. To change the language of the MT5 app, you must change the language for your entire phone. As with the desktop and web platforms, the interface is not highly intuitive, but the MT5 app offers an above-average range of features.
MetaTrader provides robust charting, and a wide range of order types, and can cater to algorithmic traders. The LimeFX lineup of platforms can cater to both beginners and advanced traders. Based offshore, LimeFX offers the advantages of high leverage, a wide range of deposit and withdrawal methods, and an easy sign-up process. LimeFX could improve by offering private account insurance from Lloyds of London and cutting their withdrawal fees. The Standard Account is LimeFX‘ comprehensive offering for novice and experienced traders.
- LimeFX does not list bank wires as a deposit or withdrawal method, which surprised me, but I like the available selection of payment processors.
- More in-depth analysis is available in the Main Trade Ideas section of the website.
- LimeFX offers traders access to the MetaTrader 4 platform, known for its user-friendly interface and comprehensive charting tools.
- At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.
- Additionally, LimeFX offers competitive spreads, leverage options, and a strong emphasis on educational resources, empowering traders to make informed decisions.
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✅Once authenticated, you may fund your account using one of the supported payment methods. LimeFX offers an Islamic Account designed specifically for Muslim traders that follow the principles of Sharia law. LimeFX’ two-factor authentication (2FA) usage was not explicitly mentioned on the website, although it is a typical security mechanism brokers provide. LimeFX is a member of The Financial Commission, an independent external dispute resolution (EDR) organization. The interests of LimeFX’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim. The interests of LimeFX’ clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim.
What is the minimum deposit for LimeFX?
✅Complete the electronic form with your personal information, contact information, and trade history.
All newly invited clients will get a 25% trading bonus on every deposit over $100. The proprietary copy trading service, which requires a minimum deposit of $100, presents a quality alternative to the embedded MT4/MT5 copy trading services. LimeFX also has a VIP program, upgrading the LimeFX trading experience significantly via up to 30% reduction in trading fees and increased cashback. Traders get the MT4/MT5 trading platforms as customizable desktop clients, lightweight web-based alternatives, and user-friendly mobile apps. LimeFX earned the highest score in the research category with a blend of actionable in-house analysis, innovative tools, and trade ideas from Autochartist. I rate the research offering at LimeFX as above average for the industry.