LimeFx Review 5 Crucial Facts About This Offshore Broker

LimeFx scam
LimeFx scam

No matter your deposit method, the withdrawal of all profits must be made by bank transfer to a bank account in your name. Overall, LimeFx’s account-opening process is fully digital and hassle-free – new traders will be especially happy that they can start trading right away without having to wait for account verification. LimeFx’s trading fees are higher than average on its instant execution accounts, but competitive on its market execution accounts.

Is LimeFx regulated?

LimeFx International is regulated and licensed by the Financial Services Commission of Mauritius, license number C113012295 Code FS-4.1, Code SEC-2.1B. We only work with reputable financial institutions and liquidity providers, and follow strict anti-money laundering procedures.

While no deposit fees exist, select payment options incur a charge, together with third-party payment processor costs. A $5 or a currency equivalent inactivity charge applies after six months, which is well below that of most competitors that charge at least twice that much after only half the time. The overall cost structure at LimeFx International remains competitive for high-frequency traders in the ECN account.

LimeFx Payment Methods

The companies operating under the LimeFx brand operate in the largest financial centers of the world, including Russia, under the license of the Central Bank of Russia. There was a failure in the platform, the developer of which LimeFx US was not, and a number of clients used this technical error to their advantage. The company immediately reported the incident to NFA in accordance with the regulations. Then the company immediately did everything possible to correct and eliminate this error and reimburse the clients who were affected by this situation.

It could be the broker with the most supported payment processors, which supports its market-leadership position in emerging and frontier markets. LimeFx International does not charge deposit fees, and most payment processors feature instant execution. Some withdrawals face internal costs, while third-party processing charges may also apply. With processing times of 24 hours, traders will receive their funds swiftly. It remains one of the most valuable assets at this broker and a shining example of how to ensure clients have flexibility with financial transactions, that include local options. LimeFx has three instant execution Standard Accounts and three market execution ECN Accounts.

  • LimeFx does not charge fees for deposits, but it charges relatively high withdrawal fees, depending on the method (click here for more on LimeFx’s deposits and withdrawals).
  • Trading FX or CFDs on leverage is high risk and your losses could exceed deposits.
  • For those of you who need managed accounts, LimeFx are worth considering as alternatives.
  • I like how the broker has multiple payment methods which include localized payments for different countries and jurisdictions.
  • Withdrawal charges depend on the chosen withdrawal method too.

For those of you that aren’t aware, prop firms offer traders a huge… Kyle Townsend is the founder of Forex Broker Report, an experienced forex trader and an advocate for funding options for retail forex traders. On FPA, LimeFx is rated a 2.4/5 star broker, with 77 reviews. Sadly, this lime fx isn’t a good rating at all and there are numerous traders in the forum with very negative reviews, having all sorts of problems with the broker. Of course, we cannot verify any of the reviews are factually accurate. Their Live Chatis also available if you want to get in touch instantly.

Where is the LimeFx located?

Finally, for those of you of the Islamic faith, LimeFx does offer shariah compliant accounts. This is a Forex industry body that is based in Hong Kong. They are a self regulating and external dispute resolution body.

Is LimeFx a safe broker?

LimeFx is a trusted broker because of its solid standing and many years of operation. Trading instruments include Binary Options and education. The research and analysis section of LimeFx is great for beginners, and also offers automatic trading and participation in different projects.

LimeFx provides traders with the MT4/MT5 trading platforms only. Also unfortunately, the supported trading platforms come as a basic version only, as LimeFx doesn’t offer any required third-party plugins. This leaves traders without critical features and requires further LimeFx to upgrade the trading environment. I had used LimeFx’s PAMM for a couple of years as a managing trader.

Related Brokers

This is the most well known and longest running of the two Metatrader platforms. It was developed for leveraged Forex trading and is packed with tools and functionality that professional traders love. LimeFx makes use of Metatrader technology which was developed by the Metaquotes company.

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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. Spreads are essential for the traders as they are the difference between the ask and the bid price. The accounts have different spread chargers that are discussed above with the account type.

LimeFx Analysis

As can be seen in LimeFx reviews, around 60% of comments on Trustpilot out of 17 are rated 1-star. Thus, this broker provides a license, but some traders find it unreliable. LimeFx International are well-known for their outstanding commitment to customer satisfaction. The broker offers specialised help and guidance as and when required, and can be contacted by phone, email and live chat. Their website is available in nine different languages, including English, Chinese and Persian.

LimeFx scam

They’re only nice when you’re trading with them, but when you decide to go, they’ll rip you off. There are a variety of trading options available to suit the needs of each individual investor. For those that lack the time or confidence to trade but still wish to experience the thrill of the markets, the broker offers LimeFx Copy Trading. This innovative LimeFx service allows you to automatically copy the trades of more experienced traders. After browsing throughout the broker’s Top-Ranking Strategy Manager page and choosing a Strategy Manager to follow, their trades will instantly be copied into your account. We work hard to ensure our clients make the best LimeFx and trading decisions.

My withdrawal application failed several times

FT Invest Ltd is regulated by the Financial Services Authority of Seychelles withSecurities Dealer license number SD026. Yes, LimeFx is a safe broker for UK residents to trade with. It maintains regulation from the Financial Services Commission of Mauritius, the Financial Services Authority of Seychelles, and is also incorporated in Saint Vincent and the Grenadines. Using a trustworthy service such as MyChargeBack is critical in this endeavour as a typical chargeback process can often be complex and drawn out without the right guidance.

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The overall asset selection at LimeFx International remains broadly uncompetitive. One of LimeFx’s company missions is to help traders using the platform to realise their full potential. This includes webinars, beginners guides, and trading strategy guides for forex, commodities, and precious metals. LimeFx provides you with a variety of trading accounts to choose from. All accounts are grouped into either standard or ECN accounts. If you’re looking to trade on other platforms, I recommend checking out our best trading platforms list.

As an example, going short for EURUSD currency pair will cost you 0.65 and long position ‎1.31 See below our finds for Standard account trading fees, also in comparison to other proposals. LimeFx offers support for MT4 – the most popular trading platform globally – and MT5 – the latest version of the industry standard. In addition to the desktop applications, LimeFx also offers MT4 and MT5 WebTerminal, which are browser-based versions of the platforms, along with mobile and tablet versions of both iterations. The advantages of using MT4 are numerous, but most centre around the community support and the number of users that the tool boasts. LimeFx offers a number of deposit and withdrawal methods, including credit cards/debit cards, bank transfers, and e-wallets such as Bitcoin, Skrill, Neteller, Webmoney, and Perfect Money.

Therefore, check your country’s regulations first, to see if you can trade with the LimeFx trade. LimeFx International also offer a Loyalty Cashback program and other regular promotions to its clients. The Strategy Managers earn through commissions paid by their copiers. Again, I must emphasize that past performance is by no means a guarantee of future performance. This calculator converts one currency to another using the prevalent currency rates.

Please note that different payment methods require different documents for verification.Kindly send us your myLimeFx number to for investigation. If you are still skeptical about investing any money, you can use a demo account. You are trading with virtual funds and you are not taking any risks. To clarify the importance of the mobile version, experienced traders are making most trades on mobile devices.

I am trading with them for a while and feel safe with them having my money. I have also put my money in PAMM account, which helps me to hedge risk even when I lose money myself. That is why I like them so much, that you can use the same deposit to trade binary options, forex and even have an account manager. I have tried all of them and LimeFx have always been honest and straightforward in their services. LimeFx is an online brokerage firm with a global client base, range of flexible trading platforms, investor accounts and trading tools. However, regulation could be improved as could the number of trading instruments offered.

What is the minimum withdrawal from LimeFx?

The minimum withdrawal amount is 100 USD / 100 EUR. You may only withdraw funds to a bank account in your name. We will not transfer funds to the account of a third party. The payment details can vary by country, more information can be found in myLimeFx.

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