Forex Trading Broker Online LimeFX International

LimeFX deposit fees are 0$ for some of the payments, including 0% fee for Cryptocurrencies like Ethereum, Litecoin and Zcash. LimeFX provides various withdrawal options, however additional payment methods may incur additional charges and depend on the provider and region you sending from. To trade Forex LimeFX offers one of the most popular trading platforms – MetaTrader 4 as well as the newer model MetaTrader 5 and LimeFX BinaryTrader. There are also platforms available for PC, as well as mobile applications for MetaTrader terminals.

Trade on MT4 across desktop and mobile or MT5 across web trader, desktop and mobile, all on our powerful and secure technology infrastructure. The company’s UK entity entered insolvency on January 19, 2015, following heavy losses trading the Swiss franc against the euro. In April 2015, the company’s US NFA membership was revoked, preventing them from offering their services in the United States.

There is also the forum where you can exchange opinion with other customers, leave feedback information for the LimeFX crew and also write your review. In general, experienced traders tend to prefer accounts with higher minimum deposits and tighter spreads. LimeFX’s ECN accounts would be more suitable for experienced traders. The Forex ECN MT5 and Pro Accounts have a minimum deposit requirement of 500 USD and spreads starting at 0.3 pips (EUR/USD) in exchange for a round turn commission of 3.2 USD. LimeFX’s accounts were assessed to compare the costs to those of other forex brokers. The costs were evaluated based on the trading fees on one lot on the EUR/USD, including the spreads and commission.

LimeFX scam

Overall, LimeFX review features the company with a long history of operation, which passed numerous crises and hard times nevertheless, managed to offer global services to thousands of their clients. LimeFX brand is indeed reputable one among the market offering, notwithstanding the fact of its weak point of recent regulation. Nevertheless, we can recommend LimeFX as a trustable broker to trade with.

Broker Types

You can either use it to augment your own analysis or you can use it to develop completely new strategies. The videos are also a nice touch as they can be run in background when you are conducting your analysis. Some of them were a bit difficult to understand on account of the accent of the presenter which is slightly unfortunate.

Do reviews by traders influence the LimeFX (UK) rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about LimeFX (UK) you need to go to the broker’s profile.

Completing the review, it’s necessary to briefly summarize all of the above. The main thing with regard to the «LimeFX» broker is its absolute reliability, which attracts a lot of customers from around the world. Of course, service standards are very important, and this broker’s support it so high that even demanding European and American customers are fully satisfied with their cooperation with «LimeFX».

The good news for me was the cancellation of the fixing spread on cent. The company is normal, I especially like the conditions on the ecn account, the spreads are low, and with the help of cashback can reduce costs. The company does not stop trading with fixed contracts at news releases. Only trading contracts with short expiry dates for some underlying assets may not be available during times of strong market volatility or, conversely, during periods of low liquidity . If you have a dispute, please file a trading claim in your Personal Area, indicate your trading account number, position numbers and a description of the dispute.

We consider these kinds of services to be high-risk for consumers. Even experts in cryptocurrencies have trouble distinguishing legit digital currency services from frauds and scams. We recommend you to be very diligent in checking website offering crypto-related services before you invest or use their services. Check How to check if a cryptocurrency site is legit or a scam.

Customer Support

This is especially at a time when we are seeing other brokers providing free funding / withdrawal options. In terms of the fees charged on deposits / withdrawals, it will depend on the type of funding that you do decide to use and the type of currency that you will be funding in. So as you can see, the Pro MT4 ECN and the ECN MT5 accounts have spreads that start at close to zero. However, if you do have one of these accounts then you will have to pay a standard lot commission of $16.

  • There are also other third-party plugins that LimeFX has included in the MT4 platform.
  • However, in a show of good faith, LimeFX segregates all funds from the company’s operating capital, and it offers negative balance protection to all its clients.
  • Please note that requotes might appear on fast markets at times of high volatility as well as on unstable internet connections.
  • The Minimum Capital Requirement is MUR 1,000,000 , which is not compatible with that set, for example, by FCA .

As a result, it still continues to grow and is one of the largest of online currency trading providers in the world. Like many other companies, its main office is situated in Auckland, New Zealand. For all those who seek trustworthy and reliable trading company, it is important to say that LimeFX is licensed and regulated by the Financial Services Authority and CySec. All these facts make the company one of the best in Forex industry. Many reviews also provide positive marks and recommendations for the use of LimeFX services.

LimeFX’s Financial Instruments

Please note that according to point 14 of the promotion terms, Margin Level for Stop Out is calculated without credit funds. At the same time, for accounts participating in the Promotion, the Stop Out is 0%. Applications for withdrawal to the bank card are processed not more than 2 working days. There is at LimeFX that the withdrawal of funds to the card within 22 working days?

LimeFX scam

In this LimeFX review, we will dive deeper into LimeFX’s features, pros and cons, the account opening process, deposit and withdrawing processes, and many more. They have accepted my withdrawal and the fund was sent as they claimed. I have send the full limefx company reviews report from my bank that there is no actual or reversal transfer from them but they still make excuses. I will have to fill up charge back form to make claim with master card via my bank card issuer since i have done initial deposit through mastercard.

The Autochartist app and plugin are actually quite intuitive to use and were developed to be an easy way for beginner traders to improve on their strategies. There are also a whole host of online guides and resources that you can use to better understand the tool. LimeFX has named these “ALP” points and these can limefx reviews be used for a number of things on the LimeFX platform. For example, you could exchange them for a number of different discounts and improved trading conditions. I tried to get hold of some support agents through their online chat function. Responses were slow and the chat connectivity broke a number of times.

LimeFX’s accounts are suitable for beginners and more experienced traders. We define beginner traders as inexperienced traders who have never traded before or have been trading for less than a year. Beginners often do not want to risk trading large sums of money, and will generally not be able to trade full-time during the workweek. LimeFX offers six live accounts, including three commission-free instant execution accounts, a commission-free market execution account, and two market execution ECN accounts with a commission per lot.

This is most likely because they would like to be able to identify the withdrawal recipients. It is also worth pointing out that LimeFX will not credit your funds if you send them from a third-party account. Hence, the bank account / funding method has to be in your name. LimeFX has a range of funding options that will satisfy most clients in different countries. Moreover, when you are opening your account then you can choose between denominating it in USD, EUR and GLD.

Withdrawal Fees

In terms of the research coverage, there appears to be way more focus on the Russian speaking geographies than there is on English speaking geos. They need to beef up their trading analysis and videos to tap this group of traders. LimeFX is no exception in this regard and they have got a whole host of material that could help inform your trading. While a great deal of this material is positioned at beginner traders, they do have some tools that the intermediate / advanced traders can use. Similarly, as is the case with the deposits, you cannot withdraw your funds into a third party account. It is also worth pointing out that if you are going to be transferring funds between accounts and a currency conversion takes place, then LimeFX will try to convert the rate at close to market.

LimeFX International is a leading Forex broker, established in 1998 by 3 co-founders in Russia. The head office is located in St. Vincent and the Grenadines. Once you’ve deposited some capital into your account it should be up and running and funded within 24 hours. Withdrawals are the same, you should get them within 48 hours, however bank wire transfers will of course take a little longer to process. However, all options for cash withdrawal can be found on the company’s website.

Please familiarize yourself with the basic concepts and first try trading on a demo account. FSC regulated brokers must meet many preconditions, such as capital adequacy. The Minimum Capital Requirement is MUR 1,000,000 , which is not compatible with that set, for example, by FCA . However, in most sea zones there are no preconditions for a forex brokerage assets. It also provides the trade in a wide range of currency pairs, various CFDs, precious metals as well as binary options.

Is LimeFX Regulated by FCA?

Yes, LimeFX is regulated by the Financial Conduct Authority (FCA).

Their largest group of traders are those that are based in the Russian speaking regions. LimeFX International provides its customers with high leverage and it is because the firm has switched regulatory authorities to some well-known countries where many online brokerage firms are based. Being a member of the Financial Services Commission , all external disputes are resolved by the system.

The Mauritius Financial Services Commission provides regulatory oversight of Exinity Group LTD, the owner of LimeFX International. It obtained its license in 2013 and has since had a clean regulatory record. FT Global Services LTD, a Cypriot international business company , processes credit card transactions. LimeFX International is also a member of the Hong Kong-based Financial Commission, an independent, international body which provides external dispute resolution for Forex brokers. We also did not like the fees that they charged on deposits / withdrawals. The broker space is highly competitive and nearly all brokers these days will make these free.

LimeFX scam

This may help you as a consumer to remain anonymous but it is also “protecting” the merchant. It is often very hard to get your money back from a payment method which is anonymous. We recommend using the major credit cards and Paypal and other “money-back” payment providers if you have any doubts about the legitimacy of the website. is probably legit as the trust score is reasonable.

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