LimeFx com Broker Review CFDS & Commodities

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The broker provides WebTrader, which is a widely used web-based platform for PCs. It also provides MetaTrader 4 for mobile and desktop users. This software allows traders to add a customized suite of auto-trading options, technical indicators, and charting tools. Additionally, it offers Expert Advisors program to its users, which allows the automation of the trading and analytical processes within the platform.

Broker Information

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All funds of clients are kept separate from company operational accounts in compliance with CySEC regulations. With this automated trading system clients may create Expert Advisors, software programs enabling traders to constantly monitor the markets. Custom Indicators help traders to predict future price movements by analyzing past and current price information. And the Scripts feature gives traders the opportunity to set up an automatic repetition of specific operations such as closing all positions with a single keystroke. An offering of the most popular trading platform in the industry, MetaTrader4.

LimeFx offers traders the flexibility to choose from mobile trading tools, web trading tools, and the market-leading and highly regarded MT4 trading platform. Overall LimeFx looks like a trustworthy brokerage , with a good choice of platforms and satisfactory educational material that includes platform tutorials and trading strategies. However, the high deposit requirements may keep a lot of traders away unless they go for the minimum deposit ($250), which is the average for the industry. LimeFx has an educational offering on their website, in the form of “Market News” and “Academy” sections.

LimeFx FX brokerage is completely aware of this and therefore has hidden this behind the $5,000 account in order to urge new traders to go straight for it. In order for you to start trading on this platform, you need to dedicate $5,000 from the get-go. This is a huge amount to be asking up-front for a company that is not very trusted. If you are a beginner LimeFx is a way too big commitment for you and we would advise looking somewhere else.

The Pros and Cons Of LimeFx

What’s good is that you can benefit from this feature even if you hold the lowest account with LimeFx. This means that your account will never go below zero, meaning that you will never owe money to the broker. If you’re wondering – Yes, that is possible with many FX/CFD brokers because most don’t have Negative Balance Protection. Having this feature adds an extra layer of protection; I know that blowing your account is bad but it would be worse to blow your account and owe some money to the broker. We provide the best deals on credit cards and instant loan approvals at the lowest interest rates with minimal documentation and a hassle-free process with multiple Banks and NBFCs.

The client will have to complete a Withdrawal Form available in LimeFx’s Legal section. It’s been a while since we’ve seen a regulated broker, especially one that has been authorized since 2015. Traders have access to videos that give daily news on what’s happening globally. The broker also provides an economic calendar that shows information about upcoming events and how the markets may be affected.

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There is a wide selection of good trading instruments. Brokers are skilled and customer services are helpful. LimeFx limefx reviews adheres to EU financial regulations, where trader’s funds are separated from the company’s operational funds.

Deposits and withdrawals can be made through e-payments or wire transfer. Keep in mind that that the method you use to make deposits will be the one that you https://limefx.name/ will have to use for withdrawals. Using a different withdrawal and deposit method will require additional verifications, and this will slow down the process.

• It provides CFD and Forex trading services, which includes indices and commodities.
• Their unique offerings include MetaTrader 4 and mobile trading platforms, as well as multiple trading accounts for novice to expert traders.
• I got in touch with LimeFx, made a deposit, but decided to not get into the market.
• The education material is not impressive but it covers the basics and has some good Meta Trader 4 tutorials about installation and setting up the platform.
• LimeFx has a well-rounded and well-regulated offering for traders looking to trade using spot and CFD instruments through a wide range of assets, particularly individual stocks and shares.

People have called from LimeFx as well as other companies, so it seems like LimeFx have sold my number. I tell those who call to leave me alone and erase my number from the system, but they keep calling. They are using a really great software, better than my previous ones. One of the best trading company I have ever dealt with. I need not to worry about my trades, I just listen to their advise and wait for my profit. I am new to all of these things and so at the moment they do most of the legwork as I train with them.

Bad experience with LimeFx

All of these options allow Islamic members to access a floating spread of 0.65 to 1. All Gold members have access to 100 trading instruments, double reward point, access the LSE course and a low spread. It is ideal for traders who are just starting out or beginners who wish to test the platform LimeFx has before they invest more. Each account can be enrolled in the professional development courses offered by LimeFx.

Negative Balance Protection, CySEC regulation, and Meta Trader 4 for trading. These are all positive extras and I wish that more brokers would implement these features. However, the rest limefx website of LimeFx’s offering is relatively weak. Withdrawal methods are credit cards, wire transfers, Skrill, and Cash U. The minimums are not specified and neither are the processing times.

LimeFx is a Cyprus based Forex broker that is owned and operated by K-DNA Financial Services LTD. As of December 2021, their website is no longer accessible. If you own this website you can update your company data and manage your reviews for free. The broker’s wide range of trading instruments and quick execution speeds take it to another level. For existing and new clients, there are regular promotional offers with low- or no-commission.

Should I Open An Account With LimeFx?

Withdrawals done via MasterCard and Visa can take one to five business days, while bank transfers will take 2 – 5 business days to process. To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this broker firm, who is running it etc. Lack of information is a big red flag since you don’t know who will be dealing with YOUR MONEY. This is the reason why your funds are not safe with LimeFx. Problem with offshore brokers is that they are not reliable and abuse the regulations. Make sure to stay away from this broker as they are anonymous and that they can disappear any time without notice. Any opinions, news, research, predictions, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute LimeFx advice.

LimeFx offers trading of currencies, indices, shares, CFDs and commodities. Their unique offerings include MetaTrader 4 and mobile trading platforms, as well as multiple trading accounts for novice to expert traders. LimeFx, founded in the year 2015 in Cyprus, is a regulated Forex and CFD broker headquartered in Cyprus. They are brand owned and operated by K-DNA Financial Services Ltd. (“K-DNA”), a Cyprus-based LimeFx firm.

The web based trading software is nice and easy to use. It is very simple for new investors who tend to get lost with all the options available on MT4. You have access to the daily markets and LimeFx reviews. This account also includes a personal account manager, trading tools and a higher reward point system. Spreads vary depending on different trading accounts. The Silver account offers the spread of 1.6 pips on EURUSD, 2.1 pips on GBPUSD, and 1.9 pips on AUDUSD.