LimeFx broker reviews: LimeFx Review 2022 Should LimeFx Be Your Forex Broker?

All of this suggests that it would be best for you to avoid LimeFx and find a different forex broker. However, its parent company, Gulf Brokers Ltd. is licensed with the Seychelles Financial Services Authority. When we checked the official directory, we found the name of the parent company there.

Withdrawing funds is usually a tricky subject when dealing with online brokers. From the LimeFx’s website, withdrawal requests are completed as soon as possible. Access to over 800+ financial CFD instruments covering FX, commodities, shares, and indices. While LimeFx’s spreads are not far off the industry average, some brokers offer quite lower and highly competitive spreads, especially on the popular currency pairs. Compared to other brokers, LimeFx has a low minimum deposit of $100.

The client‘s funds are kept separately from the company’s funds in top financial institutions. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. I used this broker last year for few months, there was good spreads and usefull support. My reason for choosing this broker was that he doesn’t roll a crypto and gives a choice of trading stocks, commodities and indices, which I like to have fun and so far I’m doing very well. But I only do it as a break so that I don’t go crazy at home office.

LimeFx’s Customer Support

LimeFx a registered brand name of Gulf Brokers Ltd – FSA regulated company. LimeFx provides access to a broad array of instruments that can be traded on the advanced MetaTrader 5 platform. Investors can use mobile or desktop version using a modern Metatrader 5 platform.

LimeFx is a forex broker with the top forex trading platform of MetaTrader 5 in Desktop, Mobile and Web version. As a savvy salesman, I mostly focused on better conditions and also on the quick execution of the order. Just a few mistakes in a row can ruin your entire positive performance. Before opening an account, you should consider a bad broker, slow execution and many other things. And believe me, I spent a decent amount of time researching before I decided to start trading here. Appreciate for good service and high level of technical support.

The Trustpilot Experience

However, the clients may incur costs relating to their financial services provider, for instance, bank transaction charges. On the broker’s website and the client agreement, there is no mention of the exact amount of time it takes to process withdrawal requests. FSA requires LimeFx to operate under certain rules to retain the license, and the broker’s activities are monitored regularly. If things go wrong with LimeFx, FSA can take any action necessary, according to the licensing terms, against the company. This is great news for LimeFx’s clients because they can trade with some assurance that their funds and trades are well protected and not subject to insider market manipulations.

• From the interface to the trading conditions, everything is below average and you can get a much better experience elsewhere.
• Clients should, however, check if any transaction costs are deducted by their payment services provider, like a bank or any third-party merchant.
• All of this suggests that it would be best for you to avoid LimeFx and find a different forex broker.
• According to the broker’s website, clients can get customer supportservices 24/5.

However, the spreads and swap fees are not very competitive compared to other industry players. The Demo account is perfect for beginners or seasoned traders who are new to the MT5 platform. The free demo account comes with $100k virtual cash to help the users practice their trading skills and familiarize themselves with the LimeFx MT5 platform before trading with real money. Every user who signs up for the normal LimeFx’s live trading account also gets a free demo account. If an account is inactive for one month or longer, LimeFx charges a monthly maintenance fee of USD 10 . Inactive accounts have no deposits, withdrawals, or trading activities within the said time.

funds from LimeFx?

I find their execution great and their fees more reasonable than many others. LimeFx values the customers’ trust and is committed to provide the utmost levels of security. The broker takes every precautionary measure to safeguard the customer’s information, financial assets, and trading environment.

I picked them up because they had the best rates in the market and their reputation was good. I am very happy to say that they are great brokers who provide reliable, quality service. LimeFx is a limited liability company that is licensed and regulated by the Financial Services Authority of Seychelles .

My reason for choosing this broker was…

Surprisingly, LimeFx doesn’t specify any minimum deposit requirement on its website. This is quite suspicious as well because this isn’t only technical information they have refrained from sharing with users. Over all the broker is trust worthy and I do know of others I work with that also trade with this broker and they seem to be doing fine. Platform options are standard they do offer a bunch, spreads are reasonable and I can say they are the lowest but they do work fine for scalping. I like their commitment to withdrawal time and they are spot on, never had an issue with withdrawal. LimeFx offers multilingual 24/5 customer support via email, phone and contact form.

LimeFx charges a minimum of $20 or 0.5% of the trading volume for shares trading. The standard live trading account incurs swap fees for any positions that remain open overnight. LimeFx charges a three-day swap fee on the following Wednesday if open positions are held over a weekend.

Trading in CFD instruments is risky, and past performance on a trade or product doesn’t guarantee similar performance in the future. There is no financial gain that is specifically attached to working with LimeFx unless trades turn out as anticipated or better. Certainly a breath of fresh air with Alpha, aside from all the BS and scammers out there who call themselves forex traders. The customer support team can be contacted via telephone or email only, and the lack of a live support chat option might mean that pressing client queries take longer to be resolved. The email system now allows attachments to be sent and the possibility to trade exchange.

The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes. LimeFx is an offshore forex broker under the ownership of Gulf Brokers Ltd. Their office is located at Suite C2, 2nd Floor, Orion Mall, Palm Street, Victoria, Mahe, Seychelles. Being an offshore broker makes it a suspicious forex broker already. LimeFx has a ton of issues which we have highlighted in the following review in detail. What I can say regarding Aplho it looks and acts as a trustworthy company, at least I didn’t noticed any fishy actions from their side, everything is clear and transparent.

This may impact how, where and which products / companies / services we review and write about. This page may not include all available products, all companies or all services. The broker doesn’t provide much information about other acceptable payment options. The educational content seems suitable https://limefx.biz/ for traders who are still in their early trading journeys. On the other hand, Islamic accounts do not incur overnight funding or swap fees for any positions left open overnight. When traders apply leverage, the margin requirement is reduced, and the trader can open larger positions.

LimeFx users can trade on the MetaTrader 5 platform for windows, mac, web, and mobile . It also carries the risk of a magnified loss if a trade doesn’t work out in a way that the trader anticipated. It’s, therefore, important to proceed with caution when trading leveraged products despite the broker’s maximum leverage offer. Traders should always consider their trading experience and risk profile when determining the amount of leverage to use in their trades. One of the first fees that traders will encounter concerns a minimum deposit fee which is paid after the trader has completed account registration. Next, traders must consider the spreads, commissions, and margin requirements.

However, as beneficial as leverage may be, it can also be detrimental when used incorrectly or abused. Leverage increases a trader’s chance of gains lime fx and thus, it also increases the risk of losses. The technical storage or access that is used exclusively for anonymous statistical purposes.

The education section only features four articles that explain how risk instruments work but they are comprehensive and well written. Share trading is commission-based and a minimum of 20 USD or 0.5% of the volume traded is charged. Trading costs such as spreads and overnight funding rates limefx forex brokers reviews vary depending on the account type opened and instrument being traded and are covered further down this review. After discovering techniques to trade pan-European and US equities, Jitan developed a love for a short to medium term trading on indices and commodities, and later on currencies.

Commission-free trading is available from LimeFx, which takes a profit solely from the spread. LimeFx is an online brokerage company that is a brand of Gulf Brokers Ltd. LimeFx is suitable both for retail traders as well as institutional investors. Located in a stable and secured marketplace, LimeFx is an excellent choice to participate in global trading.