LimeFxFX already quite known and operates for a while despite the fact that received European license was received at second place. Also, along the years LimeFx operates we see significant growth and development of the proposal compared to offering before. Besides, LimeFxFX participates to various exhibitions and received numerous international awards along with the huge number of active traders registered at the company.
LimeFxFX has over 50 different payment options, such as Visa, Neteller, Fasapay and Bitcoin, and a large variety of local bank transfers. The availability of these payment methods may also depend on your country of residence. We admit high-tech access to a range of instruments and multiple platforms either for manual, algorithmic, or social trading. It is definitely a great advantage that LimeFxFX offers both industry popular MetaTrader platform. Overall, LimeFxFX provides good flexibility in terms of conditions, platforms, and instruments it proposes. Before we had some concerns due to its operation only through an offshore entity now LimeFxFX is regulated by the European CySEC aligned with MiFID directive.
- The financial Service provider is a robust link between market participants and financial markets.
- Founded in 2011, LimeFx (formerly LimeFxFX) is part of a group of global entities, which include LimeFx Markets Incorporated (based in Saint Vincent and the Grenadines) and LimeFx Markets Cyprus Ltd (based in Cyprus).
- There are numerous brokers in the market providing trading services to their clients.
- Which is offshore heaven for its tax management as well as relative ease to establish a company.
- Founded in 2011, LimeFx holds a regulatory license in Europe via its Cyprus-based entity – LimeFx Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC).
LimeFxFX offers trading on cryptocurrencies, metals, and indices, but the assets under each category are restricted and sparse. On the other hand, LimeFxFX.com is registered under LimeFx Markets Incorporated https://limefx.vip/ in St. Vincent and the Grenadines. This allows clients to benefit from higher leverage and bonus promotions. All information on 55brokers.com is only published for general information purposes.
Your account may be eligible for certain CySEC protections – in the extraordinary event of LimeFx Markets Cyprus Ltd.’s bankruptcy, for example, you’ll be protected for up to 20,000 euros from the Investor Compensation Fund (ICF). In South Africa, LimeFx provides financial services to clients through an intermediary, Orinoco Capital, which is licensed by the Financial Sector Conduct Authority (FSCA). It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research and detailed forex guides, and we monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). The minimum prices of LimeFxFX vary depending on the entities regulating the trader’s account.
a. Trading Tools
One of these branches is regulated by a central authority, and some random local authority regulates the other one. Thus, it creates confusion in the mind as to whether the firm is regulated or not. It is high time the broker pays heed to this major issue; otherwise, it will lose all its clients. Features like its trading glossary, platform tutorials, and dozens of Frequently Asked Questions (FAQs) help to flesh out LimeFx’s educational offering. That being said, there isn’t much educational content for learning how to trade or understand market dynamics. It’s worth mentioning that the broker does have a blog and a YouTube channel, yet I was still left wanting more.
There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. The central authority regulates some of its branches, whereas others are by some random and local authorities. The broker’s customer support service is available 24 hours and five days a week via email, WhatsApp, live chat option, phone and inquiry form. Thus, the trader has to wait long to get the answer to his/her query. One of these entities, LimeFx Markets Cyprus Ltd, operates under the domain LimeFxFX.eu and is registered in Cyprus.
Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Generative AI tools are not a part of our content creation or product testing processes. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. Founded in 2011, LimeFx (formerly LimeFxFX) is part of a group of global entities, which include LimeFx Markets Incorporated (based in Saint Vincent and the Grenadines) and LimeFx Markets Cyprus Ltd (based in Cyprus).
While analysing the users’ withdrawal experience, we found out that the broker has an overall satisfactory withdrawal procedure which might take around 2 working days. However, some cases of late withdrawals have also been witnessed by the traders. The choice between the platform is always yours and they are indeed very different, also bringing different price models and more suitable trading strategies. MetaTrader5 is good for everyone and has more trader-friendly software, also copy trading is available through it.
RCG Markets
We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. Minimum deposits at LimeFxFX will vary depending on your country of residence and limefx review your chosen payment method. They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR). It’s important to note that minimum deposits and trading costs will also depend on which LimeFxFX entity you choose for establishing your trading account. Minimum deposits at LimeFx will vary depending on your country of residence and your chosen payment method.
Cara Deposit LimeFxFX
So together with its strict money management rules, you may fund your account by deposit through a bank account with no complication. LimeFxFX Cyprus entity together with its operations established under ESMA rules offers lower leverage levels as defined by the regulator. This means that European traders or those clients that are registered with LimeFxFX European entity will fall under ESMA regulation Leverage. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on StockBrokers.com and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.
Is LimeFx Safe?
LimeFxFX has recently announced about it going swap-free in all the regions it operates. Now, leaving their orders open overnight, traders won’t be obliged to pay overnight fees. Due to this traders will no longer hesitate to use mid-term and long-term stategies. This means, LimeFxFX clients are free to hold as many orders as they wish for as long as they want. As for the leverage, known instrument that increases the initial capital you trading with and can be a very useful tool to magnify potential gains is offered by the LimeFxFX broker as well. However, along with its great capabilities, leverage increases risks together with its benefits, so you should always learn how to use tools smartly.
Trade on the go with the LimeFx trading app
So the firm is not ideal if you are looking for a broker who provides you with the best and most readable trading material. The number of commodity instruments available for trading with the broker is extremely less in comparison to other advanced brokerage firms such as HFTrading, T1mrkets, and Global Trade ATF. Moreover, the broker does not allow trading on the most common and widely traded market, that is, the stock market. However, advanced traders would prefer the desktop version as it features much more customization capabilities and tools to use. So here both platforms also available for download and suitable for any operating system either iOS or Windows.
Under its European CySEC license broker operates also a global offering from international entity, therefore we advise to check on carefully under which regulation you will fall as it may propose different trading conditions. It has made great strides with its pricing options for traders, but suffers from a limited range of tradeable instruments and a lack of variety in its educational content. The mobile app is also offered for both platforms, while apps are simple to use and offer a wide range of tools at the same time. MT5 mobile offers various charting capabilities also customization which is fantastic for mobile trading along with full management of your account. LimeFxFX pricing strategy or a fee that you will need to pay for the usage of the LimeFxFX trading service based on two options according to the account type you choose and the platform you use.
The risk level is defined also by the leverage level you use since higher leverage dramatically increases your high risk to lose money as well. For this reason, world authorities and regulators restrict leverage to use to specify, safer levels for retail traders. With our Expert finds and review we consider proposal a good one, there are low fees and very low deposit requirements for Forex trading and conditions are overal good. LimeFxFX might be a choice for regular size traders, scalpers and Forex tradedrs. LimeFxFx account opening is easy to follow, trading conditions are good for platform selection and a range of instrument types. Steven Hatzakis is the Global Director of Research for ForexBrokers.com.