LimeFx Review & New Trader Rating in January 2023

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We are also a community of traders that support each other on our daily trading journey. LimeFx is a broker licensed and regulated by the CySec. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest.

  • Overall the user interface is very intuitive, so you shouldn’t experience any confusion in navigating LimeFx’s website.
  • In order to start trading with LimeFx, you have to deposit at least 250 USD .
  • There is a wide selection of good trading instruments.
  • Perhaps the best tactic is just enjoying the experience LimeFx provides.

67% of retail investor accounts lose money when trading CFDs with this provider. 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 of LimeFx’s offering is relatively weak.

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Anyone that’s been trading for a meaningful period of time will recognize the names of certain license givers. CySEC, for example, is one that instantly marks a broker as trustworthy. LimeFx works under CySEC’s regulation, which means there’s little room for mistakes on the broker’s end. On top of that, the firm follows European Regulatory Requirements related to MIFID.

LimeFx broker reviews

I find it very exciting and it brings good profit to my trading account. I find it easy to use and features are so much helpful. LimeFx offers various assets for you to trade on, including Forex, Shares, Stocks, Commodities, CDFs, Indices and Cryptocurrencies.

LimeFx Withdrawal

Namely, a person with a Silver account will have the same platform, assets, and support assets as a Diamond trader. The difference lies in lower variable spreads as you progress through account types. So you end up in a situation where you don’t need to upgrade to reach a quality experience, but advancing to more progressive account types still feels meaningful. Perhaps the best tactic is just enjoying the experience LimeFx provides.

LimeFx broker reviews

LimeFx is a broker that’s been around for quite a while now, first appearing in 2015. The broker’s exact address is 56 Griva Digeni Avenue, AnnaTower, First Floor, 2063, Limassol, Cyprus. I was able to withdraw swiftly and I get good money from the trades. Services are very efficient and trading advise are effective. They’ve got so many offers that are truly productive. I had so many trading options that are truly worthwhile.

Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. 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. Search by account type, minimum deposit, and maximum leverage in 2,000+ forex brokers.

Britain’s borrowing costs posted the biggest jump in decades, forcing the Bank of England to step in with an emergency package to calm the markets. Bank of England Governor Andrew Bailey said conditions in gilt trading at the time were abnormal. One such event was in September 2022, when radical tax-cutting plans from former UK Prime Minister Liz Truss caused turmoil in the British government bond market. The volatility in UK government bonds, known as gilts, triggered a flood of compliance alerts from JPMorgan’s traders, one of the sources said. If you’re already buying and selling with the Forex Broker LimeFx, please share your expertise with different new traders, within the remark part beneath. The website doesn’t have an FAQ section, so the information is hard to find and I had to go through tons of Legal Documentation for this review.

Download LimeFx MT4

Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing.

We need to be honest here and say that the design is a good user experience. But we’ve already talked about this in numerous other reviews that potential scammers are always ready to invest a lot of money in their website to lure in unsuspecting clients. LimeFx scam probability has already increased just based on the past of broker websites. But still, there are no conclusions being made just yet. We still need to delve deep into their terms & services, options and of course they legality.

Comparison LimeFx vs. average Broker

See here for a complete list of exchanges and delays. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Some changes are already being tested, reducing the number of alerts to compliance departments in some areas of trading, the first source said. As part of their https://limefx.biz/ obligations to regulators, banks must report suspicious transactions to watchdogs when there are reasonable grounds to suspect ill intent, such as potential insider dealing or market manipulation. Under the agreement, which ends this year, the bank committed to enhance its compliance efforts and to report fixes to its oversight, the DoJ said.

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. Signals are also good and withdrawal is fast. 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.

LimeFx is a regulated broker, which means it puts a high emphasis on customers’ security of funds. If we break it down, one of the most important supporting elements to these conduct lies in the pool of sufficient capital LimeFx holds to safeguard customers’ funds. There are a lot of trading options and all are profitable. I have been using their services for just a couple of months but so far I am fully satisfied. When the Scam Broker Investigator reviews a new Forex & Bitcoin broker to see if they are a legitimate broker, or just another scam, we look for a valid government license. The brokers license can come from the FSB in South Africa, or the FCA in United Kingdom.

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. LimeFx do not impose any minimum requirements on deposits or withdrawals, but the channels themselves may do so. In order to start trading with LimeFx, you have to deposit at least 250 USD . They have the most advance trading platform. I am successful on my trades because of them. They are transparent on all transactions and I am gaining good profit.

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No company is without flaw, but it’s undoubtedly difficult to find issues in what LimeFx provides. They’ve been operating for quite a while now, enough to establish themselves as a quality broker, and their reputation reflects that. Users seem to be quite happy with what they’re getting, and many are choosing LimeFx as their trading hub.

I am new to all of these things and so at the moment they do most of the legwork as I train with them. Smart traders always check out the competition before settling on any broker. 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. Stay up to date with the financial markets everywhere you go.

If anything changes in this regard, we will update as necessary. This Broker has been rated average by our editorial Staff. Start your trading career with a Top Rated Broker Now!.

On top of that, client funds are held separate from the firm’s, so even in fringe cases, such as bankruptcy, your funds are secure. LimeFx’s accounts start at $250, which is the usual sum you’ll need to get started with a serious broker. The accounts are initially named after precious metals, ending up with Diamond and Elite, the broker’s VIP equivalent. The great thing about the way accounts are divided at LimeFx is that there aren’t any features locked behind paywalls.

You should consider whether you can afford to take the high risk of losing your money. Once you move past the base conditions, you’ll see that there’s a great deal of customization, which is always welcome. You’ll be able to trade on an excellent amount of assets, and there are six account types, meaning you’re in control of your experience. The broker also uses one of the world’s premier platforms, which only further boosts their rating. LimeFx is a Top-rated selection of an LimeFx broker.

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. They claim to operate a STP (“straight through processing”) model brokerage offer, charging floating spreads plus commission. LimeFx affords you two selections limefx forex broker for a CFD Foreign currency trading platform, both the traditional MetaTrader four software program or their web-based buying and selling platform from PandaTS. The online based mostly buying and selling software program is sweet and simple to make use of. It is vitally easy for brand spanking new traders who are likely to get misplaced with all of the choices accessible on MT4.

We can easily tell all you rookies out there right now to not do it. For the beginning find a broker that will offer you a low minimum deposit and with that will help you to understand and learn the market. Because a good broker is always holding your best interest in mind. For a trustworthy broker, it is important to build brand loyalty and help customers grow on their platform so that they come back. Even though the Forex market has virtually endless amounts of customers, their retention still should be a top Forex broker priority.