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Such awards are usually mentioned with pride on the company website. LimeFx is a forex broker company situated in Cyprus. Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. This means so much to us, as we strive to provide excellent support to our clients. Please read LimeFx Reviews below and share live trading experiences with this broker.
The transparency, processing times, and overall withdrawal procedure remain unnecessarily complex, and many traders report issues with receiving withdrawals. While LimeFx offers four account types on their website, Classic, Silver, Gold, and VIP, they are all identical except that extremely high trading costs decrease to just very high. CFDs trading involves substantial risk and may result in the loss of your entire trading balance. Between 65% and 89% of retail investors lose money with trading in CFDs. No, LimeFx broker does not have the authorization to provide financial services to residents of the USA or Canada.
Many former users who have left online reviews say that they had significant problems going through the verification process and were often unable to make withdrawals. As with any online broker, forex signals are https://limefx.club/ often more of a curse than a blessing, as traders put too much faith in this speculative advice. Inhouse analysts at LimeFx provide daily analysis of selected assets that can be accessed by all clients.
LimeFx Trading Information 2023
Theres also a 10 USD/EUR/GBP monthly maintenance fee, as well as an 80 USD/EUR/GBP inactivity fee if an account is left dormant for over 2 months. LimeFx initiates a margin call at a 100% equity margin level and closeout at a 50% equity margin level. LimeFx is a broker with licenses from two regulators. It is ideal to use an option besides the bank or credit/debit card used for day-to-day financial operations.
Mount Nico Corp Limited is not a financial adviser and all services are provided on an execution only basis. I confirm that this review was written based on my own experience and was not solicited in any way by any broker. During our LimeFx review, we haven’t found many reasons to go with this broker aside from their CySEC registration. The website also has a contact form to arrange a callback.
The Mobile Version
It is always possible to sustain a loss of some or all of an initial LimeFx. A forex account is a trading account held by a trader with a company like LimeFx that is issued with the primary purpose of trading through its platforms. At first, managers invited you to trading and depositing by telephone. The manager told me to invest another trading through zoom.
There is no minimum withdrawal for e-wallets, though it must cover the transfer cost. As per the withdrawal policy, fees are charged at 3.5% for cards and Neteller, 30 in the chosen currency for wire transfer, and 2% for Skrill. Bank transfers generally take 3 – 5 working days once processed, whilst cards take 5 – 7 working days. The broker isn’t very transparent when it comes to educating potential clients. Their spreads and even leverage information aren’t readily available through their website, requiring users to set up a demo account to get a peak.
- This is not done as LimeFx does not have the option of a demo account.
- It is not available for non-EEA traders, which I find disappointing.
- The Classic Account, Silver, Gold, and VIP Account actually don’t have a charge to open an account, but to start trading LimeFx insists on a minimum deposit of $250.
- Leverage can maximize the trader’s profit potential, but it can also expose traders to significant losses.
- Forex trading occurs in the global forex market, where supply and demand determines the ever-changing value of each country’s currency relative to other countries.
Forex is the process of exchanging one currency for another and it is the largest market in the world with over $6.6 trillion in daily transactions as of 2019. Forex is used for purposes of commerce, tourism, and of course speculation. Fortunes have been made and lost in the forex markets and speculation continues to grow even today.
LimeFx Demo Account
Our LimeFx review found that the most common complaint was making withdrawals. Many former clients advise strongly against placing deposits with the broker. But first we suggest you read our reviews of the scam brokers Aelime fx, ZuluTrade and LiquidityX.
The Classic account only requires $250 to open but is lacking many of the features of the higher accounts. They will not have access to some of the educational resources that the broker provides. These reviews highlight issues with the verification process for withdrawals.
LimeFx Review – 19 key points quick overview
Based on the answers you provided in your previous questionnaire, you are not eligible to become a professional client. If there is an update in your status, you can update the questionnaire answers accordingly and you can be reconsidered. Most of our customers find it easier to upload these documents using their mobile phones.
When LimeFx accepted their funds, they made no such reservations about taking the money. Anyone considering this broker should limefx company reviews take these reviews into account. The broker supports most of the typical deposit methods for online forex and CFD brokers.
This process involves sharing some form of photo identification, like a passport. Passporting rights allow brokers who register with CySEC to offer financial services across the European Union to citizens of any nation within the European Economic Area. High risk trading with high trading fees and x-factor lever in both direction. Due to wrong advise several time i lost a couple of tousend. The broker only wants more and more money from you to cover losses of trades that went the wrong direction.
LimeFx Forex Trade Platform and Broker Review
Thanks so much for your fair and balanced review and for giving us your take on how our team is doing. We’re glad that customers like you are enjoying their experience with LimeFx. You know the modern brokerage industry is flooded with scams.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Between 74-89% of retail investor accounts lose money when trading CFDs. limefx forex brokers reviews The innovative brand also offers one-of-a-kind weekly free webinars hosted by Michalis Efthymiou, LimeFx’s Market Analyst. Following them you’ll be able to discover the world of trading.