In general, a so-called “offshore” broker tends to have a less favorable reputation and potential traders should think carefully before investing with them. As per the withdrawal policy, fees are charged at 3.5% for cards and Neteller, $30 for wire transfer, and 2% for Skrill. Trading https://limefx.club/ FX or CFDs on leverage is high risk and your losses could exceed deposits. Please read LimeFX Reviews below and share live trading experiences with this broker. One of the main advantages of dealing is the smooth and fast withdrawal process, which is better than expected.
Traders may also call, request a call-back, send an e-mail, or fill out the webform. LimeFX does not list support hours, but traders should expect regular business hours. The benefit of the VIP account is a weekly review from an account manager, an intrusive service, resulting in more phone calls from the sales department to push for more deposits. 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. My recommendation for Forex traders considering LimeFX is to carefully consider the high trading costs and weigh them against the withdrawal issues. The combination of high trading costs, lack of transparency, and absence of trust are not conditions traders should accept from any broker.
Please be patient while we process your refund request in due course. Search by account type, minimum deposit, and maximum leverage in 2,000+ forex brokers. Do not limefx broker reviews believe their promises, do not deposit with them, just stay away! Their account managers will use pressure tactics to get you to deposit more money with them.
This package includes reliable trading solutions that have proven to be very efficient over time. Each trader can pick the right fit for its trading style and personal trading schedule. LimeFX warns that margin trading involves the potential for profit as well as the risk of loss. LimeFX warns potential customers that Forex and CFDs trading carries a substantial risk and may not be suitable for all investors. Thank you to Maksim’s account manager for getting me back on track. Trading with LimeFX is provided on either the industry-leading MetaTrader 4 platform or the broker’s own proprietary trading software.
While this is not enough for demanding traders, LimeFX caters primarily to first-time traders who have a wide enough choice of assets to get started. Hi everyone who have been cheated and manipulated by LimeFX account managers and have lost their hard earned money. I am one of the sufferer who has been misguided & scammed by LimeFX. If we all join hands together, we can jointly file a complaint against them with the South African Authority and request the authority for cancellation of their license and claim our money. They are cheaters and they should not be allowed to get away from this.
The platform runs smoothly and stably, and has competitive advantages.Good transparency conditions and order execution. Complaints on a forex broker or a forex scam should be posted here, BrokerView will deal with the case. The broker has several entities and many bad reviews related to withdrawal issues. I want to touch on the customer service at LimeFX briefly. Often times, what you find with these alternative brokers is that their customer service quality is incredibly lacking.
I try to open a trade each time I see that the price has broken through one of the price levels. You need to be on alert when the price breaks through it because it often does it with a strong impulse. I prefer to buy or sell from the lower to higher level to be on the safe side. Orthodox traders highly recommend to wait for a rebound and enter only after this but I prefer not to wait for this. What’s more, many times I saw that there wasn’t a classical rebound but the price left with a powerful impulse. It would be much better than trying to enter the market when you already see a giant candlestick.
The educational opportunities available deprive those who need education and offer it to traders who do not need them anymore. Equity markets open and close each trading day and are not operational continuously like Forex and cryptocurrencies. Swap rates are unacceptable with internal mark-ups to drain leveraged trading accounts, rendering any Forex overnight strategy unprofitable. One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade.
- I’m currently working on a trading system that would hypothetically allow me to trade several assets profitably.
- This gives LimeFX users the confidence that the workers behind the platform’s scenes know what they are doing.
- Perhaps, you might have guessed that I mean currency pairs and commodities closely connected with each other.
- Before deciding to trade Forex or any other financial instrument, you should carefully consider your LimeFX objectives, level of experience, and risk appetite.
- Commissions are the charges imposed by an LimeFX broker on a trader for making trades on the trader’s behalf.
As a regulated broker, LimeFX remains compliant with EU regulation, which brings the broker under the auspices of the Markets in Financial Instruments Directive . We use dedicated people and clever technology to safeguard our platform. 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.
Retail currency traders in turn use these broker companies to gain access to the 24-hour currency market for speculation purposes. Therefore, I had a chance to evaluate all the trading conditions here.First, the broker has many assets besides currency pairs. This limefx scammers includes bitcoins, stocks of various companies, currency pairs, indices, precious metals, etc.All in all, the LimeFX broker offers many opportunities for new and returning users. The broker understands the importance of the client in choosing an asset.
My experience is these are hard line…
The support I have received and the guidance I have gotten has definitely warranted a 5-star rating. I would definitely recommend anyone to join this company, especially with my personal experience. Thank you, Maksim for your support, looking forward to learning more from you. Unfortunately, LimeFX does not offer a demo account to new traders. This is very unusual, with nearly all brokers today offering some version of a practice account.
- As a side benefit, the site also has a number of video tutorials teaching traders how to do their own end-of-day chart analysis, which may be something that interests you.
- Clients can contact the broker through phone, email, or live chat on their website.
- According to LimeFX, Bitcoin up has partnered with it to offer its auto trading services.
- The brokerage’s minimum deposit amount is $250 dollars, which is fairly industry standard and a respectable, yet accessible limit to set.
As with any online broker, forex signals are 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. The charting tools included with LimeFX’s platform are from TradingView, a company that provides real-time price information for various broker developed platforms.
LimeFX Review (
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. In the case of Muslim customers, special Islamic accounts, that is swap-free accounts, are offered that mirror the other account types, but which operate in accordance with Shariah law. Accounts usually differ in the way spreads or commissions are applied, what minimum deposit is needed to open that type of account, and certain services or advantages that account holders may get access to. LimeFX is a broker that was founded in 2019 in Cyprus. This relatively new broker focuses a lot of prominence on Forex education including webinars where traders get that one on one training sessions with their market analyst, as well as trading videos and ebooks.
The minimum deposit amount required to open a broker account with LimeFX is $250 / R4013,83 USD/ZAR at the time of writing). This is not the lowest minimum deposit requirement in the industry, with most brokers requiring between $10 and $100. When evaluating brokers, the ease with which deposits and withdrawals can be made is another imperative factor to consider. As such, a demo account will allow traders to learn how to place orders, and manage existing trade positions as well as more advanced functions such as testing or fine-tuning a trading strategy.
- This relatively new broker focuses a lot of prominence on Forex education including webinars where traders get that one on one training sessions with their market analyst, as well as trading videos and ebooks.
- Also, monies will usually only be refunded to accounts in the same name as the trading account.
- My trading preference is to work on H1 and H4 timeframes.
- Technical and fundamental trading tools, educational eBooks and video tutorials will be available to help you with your trading strategies, for free.
- Equity or stock indices can represent a specific set of the largest companies of a nation or they can represent a specific stock market.
The aggressive and threatening behaviour of LimeFX’s “traders” put me off. LimeFX is obviously another company dealing in deception and internet fraud… We are deeply sorry to see that your experience with LimeFX was less than great. This is a total scammer, they will say or do anything just to persuade you to deposit.
Upon opening your account they will immediately start pressuring you to add more deposits. They are aggressive in the use of your available margin forcing you to add more money or lose what you have due to margin calls. Eventually you will not be able to add any more deposits and lose everything you have invested. They are basically con artist operating within the boundaries of regulation. VantageFX offers attractive leverages on MT4 trading platforms, with very tight spreads,learn more.
You get access to pretty much everything through LimeFX. First and foremost, you get access to a staggering number of interactive training courses, especially given that you get them with a free account. All of the courses are divided by level, so not only do you have a clear progression path, but you have a starting point for beginner and expert traders alike. Lastly, the site has an economic calendar that you can use to plan out your future traders. It comes with all of the significant financial events that are happening in the near future, so you can begin developing a trading strategy based on that information.