LimeFx scam: Is LimeFx a SCAM? Read Before You Begin

LimeFx also offers Islamic accounts to Muslim traders. These come with similar conditions to the main retail accounts, however, you won’t be charged interest for holding your positions overnight. As there are no hidden costs or extra commissions either, these accounts are Sharia-compliant. MetaTrader limefx review 4 – This platform is intuitive and offers features that many traders will be familiar with. In addition to tons of built-in research tools, MT4 also allows you to take advantage of the biggest trading community in the trading industry. Here, you can find extra indicators and robots for automated trading.

Remember that this fee, even though it’s not that common, is just to make sure that traders and LimeFx clients commit to trading. A lot of brokers on the market have fees, and LimeFx is not an exception. Well, we think that the main price we should talk about in this review is their inactivity fee. The reason is that we think you need to know it in the case that you are not keen on trading frequently and disciplining yourself to be consistent in it, in which case you’ll have to pay.

Key features of LimeFx

101 are the most dishonest, manipulative, fradulant and terrorising company that operates in Europe. They truly should be made held accountable at once for their unlawful practice’s preying on vulnerable and sincere people.They are clearly breaking the rules and guidelines of CYSEC. It’s also worth mentioning that LimeFx does not have any restrictions when it comes to short selling.

Web trader is advanced in its design and could be used by beginners and professionals. The firm follows every rule stated by CySEC and caters to the clients with transparency and trade protection. None of its content should be treated as financial or LimeFx advice. While we may receive compensation from some of the products we review, you do not incur any extra charge whatsoever for using our content and clicking external links. Yes, in order to trade and withdraw your funds, the platform requires you to verify your account by providing the necessary documents. LimeFx is continually improving its platform and releasing new products and services.

How To Deposits and Withdrawals Funds?

When it comes to platform design, the platform can be easy to use and navigate. You can open a demo account to experiment with the trading platform and its various features. You have access to 23 cryptocurrencies,51 forex pairs, 17 commodities, 185 stocks, 21 indices, and 4 metals on CFDs. Professional traders will need to contact customer services for information on the Pro account. LimeFx is a CFD broker offering access to 250+ assets to trade through CFDs.LimeFx is operated by FXBFI Broker Financial Invest Ltd with headquarters in Limassol, Cyprus. LimeFx claims that it is regulated by the Cyprus Securities and Exchange Commission with regulatory license of 315/16, but it has been verified that this license is a clone one.

For indices, spreads start from 1 point for the FTSE 100, and for commodities, such as crude oil, spreads are around 0.03. The Gold and Platinum accounts offer swap discounts of 25% and 50% and come with a range of extra features, including access to webinars/videos, a dedicated account manager, and news alerts. FXBFI is regulated by CySEC and therefore has to comply with Cypriot regulations in order to maintain its CIF trading license, which enables the broker to offer its services across Europe.

Account protection and security

It also offers four types of accounts such as Gold, Platinum, Pro, and Silver. LimeFx’s parent company is also a member of the Investor Compensation Fund . LimeFx has three trading platforms, MetaTrader4, Webtrader, and Mobile application. All three platforms help clients of LimeFx in the forecast of the trade and invest accordingly. In addition, trading platforms have the tools and analysis of the market for better judgment.

XTB is one of the reputed EU-based FX/CFD platforms which offers CFD trading in stocks, commodities, cryptocurrencies, forex, ETFs, and indices. Both platforms share several similar features, including being regulated and offering hundreds of different assets to trade. In addition, LimeFx offers several additional benefits, including Copy Trader and the opportunity to buy and sell Bitcoin and several other cryptocurrencies. Moreover, LimeFx provides superior charting and analysis resources. Actual product may vary.Our LimeFx review cannot be complete without mentioning the platform’s customer support options. Available on Mondays to Fridays between 07.00 and 17.00 GMT, the team can be reached via live chat, telephone, email and web form.

Finding a reliable forex and CFD broker is not an easy task. New brokers constantly come and go, and it’s often hard to know whether a certain broker is regulated and can be trusted. Following this review, we could say that LimeFx has gained the necessary licenses, reputation, and security tools in order to offer a great all-in-one solution for trading purposes. That’s it – Once you have completed the registration process and made your first-time deposit, you can start trading.

Yes, the LimeFx broker complies with all legal duties. A must-recommended broker for trading in markets of various kinds. The deposits can be made from bank accounts, bank wire transfers, credit and debit cards, skrill, solid pay, and other online e-wallets. They can start with the basic facilities to go high in risks and rewards. All the regulations and transparency of the firm and broker make it a legit broker.

CySEC slaps €150,000 fine on FXBFI, operator of LimeFx brand

Traders setting up a LimeFx brokerage account are likely to have a unique account-opening experience. Unlike the typical registration form offered by the majority of CFD brokers, the account registration process at LimeFx involves filling out a slide-based questionnaire. The broker has three account types, with the base account having a minimum deposit of $250. As traders put down more money to unlock higher accounts, they receive swap discounts and better spreads. LimeFx follows all the existing trading market standards. In fact, the broker offers traders access to a popular trading platform.

The Financial Authority of Cyprus regulates LimeFx and it operates with FXBFI Broker Financial Invest Ltd, which is the parent organization of LimeFx. Moreover, they are registered with MiFID , which implies that the user’s funds are secure even if the organization goes bankrupt. Are you a beginner and wondering if LimeFx is the right platform for your needs? To answer this question, and many more, you can read our review, where we will explain how it works, what accounts are available and if it is properly authorized.

However, there are a few other fees that you should be aware of. In total, LimeFx charges high inactivity fees, spreads, financing/rollover fees. https://limefx.club/ Swap/Rollover/ Ongoing costs are а financing fee deducted from the value of the position and is only charged when а position is held open overnight/s.

We use dedicated people and clever technology to safeguard our platform. Once u deposit in your money, dont u ever think u can get it out again, whatever documents you provided them, they still keeping saying documents not approved. I have recently registered with them just to see what lime fx is there. After I put my phone number, email address in and so on, I started receiving spam calls, like ten a day. Some of them were coming from them, but most of them didn’t. I looked the numbers up and they were reported as spam calls from various telemarketers and similar companies.

• LimeFx offers various research and analysis tools where that trader can take advantage of it by getting various signals, indicators, analyzers for both new and experienced traders.
• The maximum amount of compensation that may be paid to a covered client is EUR 20,000 for covered service.
• The broker is operated by FXBFI Broker Financial Invest Ltd, which is regulated by CySEC.
• As mentioned above, LimeFx offers over 250 financial assets to trade.
• LimeFx KYC policy includes uploading a colored copy of ID or a valid passport, proof of deposit, and a utility bill.

Throughout our LimeFx review, we were impressed with the quality of the educational content which includes videos, e-books, online courses, and tutorials. Platinum Account – Minimum deposit of $250 or equivalent, spreads from 03, zero commissions, fifth decimal pricing, and 50% swap fee discounts. Gold Account – Minimum deposit of $250 or equivalent, spreads from 0.05, zero commissions, fifth decimal pricing, and 25% swap fee discounts. Yes, LimeFx offers a mobile app for both platform – the LimeFx mobile app and the popular MT4.

In addition, this broker offers users an extensive range of features and trading tools including high leverage, a free demo account, and a 1-click trading option. Based in Cyprus, LimeFx is operated by FXBFI Broker Financial Invest Ltd, which is authorized and regulated by CySEC. LimeFx offers you the chance to trade CFDs on various assets such as commodities, cryptocurrencies, metals, stock, forex, and indices.

If you are expecting add-ons such as real-time news or third-party analytical systems such as Autochartist or Trading Central, you will be disappointed. On the flip side, the product offering is definitely on the lower side, especially in the stock trading range. While the broker’s stock CFDs comprise listed companies only on the US exchanges, a few additions from the other major global exchanges would bring in some uniformity. The other drawback is with customer support, which is not open 24/5, and the pace of response is way off the mark.