CategoriesForex Trading

LimeFX Review 2022 Scam Or Legit? Pros & Cons

Please do your own research as well, but if you’re looking for a regulated CFD broker with good trading conditions you could do far worse than LimeFX. If we had to mention one other area for improvement it would have to be the broker spreads, but as traders we always want lower costs. In addition, LimeFX does not offer traders any bonuses or promotions when using the platform, which is in accordance with MiFID regulations. It was also disturbing that they asked for a trading account number and date of birth with full name. It seems far too much information required to answer a basic question. And also indicates that they are only interested in answering questions from actual clients, not from prospective clients.

  • The broker is also a member of the Investor Compensation Fund and all live accounts come with negative balance protection too.
  • Spreads can be as low as 0.32 pips and exceed 2 pips only for a few index CFDs.
  • Traders can invest using a variety of accounts provided by the broker.
  • The mobiles we all use daily are the most comfortable and reachable option for CFD trading online.
  • Traders also have a clients portal available 24/7, which provides information and caters to withdrawal requests.

Up next, you will receive a questionnaire designed to assess the level of trading skill and experience you have. Note that it doesn’t really matter if up until this point you haven’t had much exposure to CFD trading. Think of it as more of an internal assessment that the platform can use to serve you better. Opening an account on LimeFX is a straightforward but somewhat time-consuming affair. You start by entering your name, email, phone number, and then a password of your choice.

nvesting customer support

The platforms’ fees are similar, as are most of their payment methods. 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.

  • New traders could flourish here, and more advanced traders would also appreciate the trading conditions offered by the broker.
  • The trading platform at LimeFX is the popular and well-known MetaTrader 4 platform, and it is available for desktop, web, and mobile devices.
  • And also indicates that they are only interested in answering questions from actual clients, not from prospective clients.
  • At LimeFX, you can trade an extensive range of over 250 assets to trade through CFDs.
  • Traders will have full access to all the asset classes offered at LimeFX right in the same trading platform, which is very useful.
  • But then, this is not a problem exclusive to LimeFX alone.

What’s arguably more impressive, however, is the broker’s strong adherence to regulation. It’s for this reason that our reviewers are happy to recommend the broker to both beginner and experienced traders. The wide range of learning materials available at LimeFX makes the broker a great choice for traders who want to expand their knowledge. Throughout our LimeFX review, we were impressed with the quality of the educational content which includes videos, e-books, online courses, and tutorials.

The Trustpilot Experience

MetaTrader 4 has variety of trading tools and features there also available tutorials that can help you to navigate around the platform. How can one trust an LimeFX company if the first thing they do is selling your phone number and email address?? Looking at the reviews here, I am so happy that I didn’t go any further and scammed by limefx didn’t invest in anything. LimeFX is not the first broker I’ve worked with, I have quite a long trading history, having both really good and horrible experiences. May be it was some system issue but as you didn’t reply on our request you’re not our client and we can’t investigate this case and offer you a solution.

The platform supports four account types, all of which are accessible as Islamic accounts. Negative balance protection is offered to all retail and professional traders. However, only retail investors are covered under the Investor Compensation Fund. LimeFX offers 0% commission trading and low spreads, so you can keep more of your profits from every trade. On top of that, this broker offers trading on a wide range of markets.

Mobile Apps – Registered traders can download the apps from the Google Play Store, or the App Store at leisure. The apps provide clients with a wide range of analytical tools and some 350+ financial instruments to trade. The mobile trading options include complete trading orders, interactive charts, and access to 10,000+ markets in all regulated jurisdictions.

LimeFX broker reviews

Full encryption of data ensures maximum security on every trade. Mobile trader – If you prefer to trade on the go, you’ll be happy to learn that you can log in to your LimeFX account via the MetaTrader 4 mobile applications. These are available for both iOS and Android devices and you can expect the same high-quality platform tools.

The spreads are lower and the holding costs are reduced by 25% to 50%. LimeFX has several accounts for Forex and CFD traders to choose from. However, these are individually graded depending on the deposit/credit balance. In terms of trading software, LimeFX has focused on MetaTrader4 and offers it as a web, mobile and desktop version.

Market cap is the most common measurement of a company’s size and is computed by taking the outstanding shares and multiplying this by the price of the stock. Once funded, Schwab will deposit $101 in your account to purchase your stock slices. Fund your account with a minimum of $50 within 30 days of opening the account to qualify. Open an account using the button below to enroll in the offer. It only takes about 10 minutes, and we will guide you through the process.

There are various tools, and technical and fundamental analyses to research the market and plan before investing. The research is easy and affordable with its indicators, charts and patterns, signals, and mathematical tools. In addition, traders can know and analyze the market within the mobile applications and devices they use. LimeFX is a regulated broker trading in CFDs with over 250 assets.

The broker does not charge commissions and deposits fees, although the latter may be charged by your payment provider. Spreads start from just 0.03 pips and swap fees are in line with the industry average. Gold and Platinum accounts come with discounts on swaps and tighter spreads, however. What’s more, these products come with competitive spreads and zero commissions.

$101 of Schwab Stock Slices™

Between 74% – 89% of retail investor accounts lose money when trading CFDs with this provider. Hence, you should consider whether or not you fully understand how CFDs work and make an informed decision on whether you are willing to take the high risk of a substantial loss. Between 74% -89% of retail investor accounts lose money when trading CFDs with this provider. Depending on your trading experience, frequency, and requirements, you need to decide which LimeFX Trading Account you wish to open. The platform offers four types, although one is reserved exclusively for VIP and professional traders. The remaining three offer different features includes flexible spreads and leverage correlating with your trading skills, experience, strategies, and LimeFX goals.

When trading CFDs, there is a higher chance that traders lose money rapidly, due to leverage. Between 74% – 89% of retail investor accounts lose money when trading CFDs with LimeFX. You should ensure that you understand how CFDs work and be able to afford any potential losses before investing in such instruments.

It was thanks to 101 that I was able to survive the pandemic quite comfortably, because it was trading that gave me a source of additional income. needs to review the security of your connection before proceeding. The platform is owned by a registered company and regulated by CySEC. Transactions and data transfers are encrypted and the platform is protected with a firewall which prevents cyber attacks. The best way to stay informed about the platform’s latest news is to become a fan of their social media pages.

nvesting Review – The Verdict

Traders should first file a withdrawal request to the client support via email for withdrawal of funds. Traders also have a clients portal available 24/7, which provides information and caters to withdrawal requests. Spreads may vary for different accounts, financial assets, and instruments. For example, forex spreads 0.7 pips for EUR/USD, for EUR/GBP spreads 0.9 pips and for GBP/USD 1.3 pips. Traders can invest with platinum accounts and gain the benefits of the advanced services of the broker. You can find two separate sections on the website to contact the customer team and the management team.

Our review of the new broker LimeFX finds, that they offer their traders and investors, the classic MetaTrader4 trading platform. You will find a choice of; the desktop version, along with a web trader or mobile trading apps. 101 Investing offers more than 250 underlying assets for CFD trading. When testing out the demo account, only Forex pairs were displayed. Officially you should find; Forex pairs, Crypto Currency, Market Indexes, Shares, Metals and Commodity.


They guided me in the right direction to have a successful financial trading journey. The site is great for short-term trading, and another of the main advantages is commissions free. They keep you informed about important dates and events that affect the market. In addition, you can find out who the participants are who determine the market’s health. It is based on a variety of trading analytics and ideas and a variety of technical criteria.

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