LimeFX Review in 2023 Is LimeFX a Good Broker ️

The LimeFX MetaTrader 5 is the most enhanced and high-skilled platform on the market. The platform is a mix of order initiations along with ambitious exchange strategies. Since rebates are not bonuses at LimeFX, the client can utilize this offering for the benefit of leveraging their exchange accordingly. Please note that equity markets open and close each trading and are not operational continuously like Forex and cryptocurrencies.

I rank the commission-based pricing environment at LimeFX among the best industry-wide. The volume-based cash rebate program lowers the competitive costs further, and there is no inactivity fee at LimeFX. LimeFX received the Verify My Trade (VMT) certificate, confirming its compliance with the strict requirements of the Financial Commission. Additionally, LimeFX implemented a Civil Liability insurance program with a limit of €5,000,000. Yet, check carefully since some of the methods apply an additional fee for withdrawal, e.g.

Security of Client’s Funds

It includes Bitcoin, Dash, EOS, Ethereum, Litecoin, Ripple, and others. You can trade cryptocurrencies 24/7, with a minimum deposit of just $10. You can trade cryptocurrencies against fiat currencies, such as BTC/USD (Bitcoin against US Dollar) and ETH/USD (Ethereum against US Dollar) among others. LimeFX does not accept U.S. clients, https://limefx.club/ so it is not regulated in the U.S. and it lacks oversight from any U.S. financial markets regulator. Despite the fact that LimeFX is not regulated in a major jurisdiction like the U.K. Or U.S., LimeFX has taken various responsible steps to ensure it offers a relatively safe online trading venue to trust with your data and funds.

First of all, you have to choose which account you want to use and create one. After that, you will be able to make your first deposits, open trading platform, and start trading. Let’s discuss LimeFX’s account types so that you can choose which one is best for you. Payment remains commission-free, but the broker provides commission-free withdrawals twice per month; on the first and third Tuesday, all withdrawals are automatically free of charge. The broker charges fees through spreads and commissions and also deploys a hybrid forex business model where it acts as a market maker on all Cent Accounts.

Instruments Traded

Let’s try to understand in detail why this is the case and understand what prospects this picture promises for future clients of the broker. To begin with, on the homepage of LimeFX.com you can find information about various awards the company has received at the events held in different EU countries. The very fact that a broker without a license issued by a European regulator (and LimeFX doesn’t have one) participates in European competitions and receives awards doesn’t seem quite logical. One of the brightest examples of this is a publication on the LimeFX website about a prize in the “Safest Broker” category, received by the company during the London Investor Show, which was held in 2018. It is worth noting that no broker hides possible trader’s pitfalls and describes them in its agreement one way or another. It cannot be interpreted as cheating or fraud, because the broker does disclose this information, even if it is negative for the client.

Some accounts are suitable for beginners and others for more experienced traders. LimeFX also stands out for the number of financial instruments on offer, including over 12,000 stocks, 1,000 ETFs, 100 commodities, 40 Forex pairs, 26 cryptocurrencies, and indices. Support is offered for numerous trading platforms, including industry favourites such as MT4, MT5, and cTrader in addition to its intuitive and easy-to-set up R-trader. It should not come as a surprise that this Forex broker offers traders the ability to trade Forex with their smartphones.

Customer Support

The support team also works 24/7, which is another commendable trait. Those conditions are quite formidable as a group and would put LimeFX up there with the best global brokerages. However, to get one of the good conditions, you usually need to sacrifice another. Because they limit each account in that limefx broker reviews way, the entire experience ends up being underwhelming. But while some regulation definitely is better than none, Belize’s financial commission isn’t quite stringent when it comes to enforcing rules. As an offshore regulator, it provides much less security than, for example, something like the UK’s FCA.

Please read LimeFX Reviews below and share live trading experiences with this broker. Accounts can be based in USD, EUR, GOLD, or CNY and allow micro lot trading. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. 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. Con site no benefit from this I trade with them, but they required documents when I requested a withdrawal, which I gave them.