All the other reviews have similar thoughts that can be gathered in a separate list. Below, you will find some general pros and cons of this company. Currently, the website is only available in English and Russian. If the company claims to have been operating since 2008, it is odd they haven’t added any other international language support on the website. LimeFX also claims to give all beginners a first deposit bonus of 30% of the amount credited.
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Neutral reviews consist of both the positive and negative sides of certain brokers. In general, they were written by people who do not mind working with LimeFX, while thinking that LimeFX has some areas to improve on. LimeFX created its web platform compatible with many devices, including computers and mobile phones. Traders can transact from any point across the globe. There was a mobile application before, but now, LimeFX proposes to trade on the web platform should traders elect to use their smartphones to sell. While the lack of regulation is relatively seldom, traders need to pay close attention if a broker is not sanction by reliable authorities.
- Usually, brokers have regulators because they can only act in the frames of law.
- Traders are guaranteed of being able to buy financial assets at desirable prices.
- Silver The most basic of the three VIP trading accounts.
- Now it works worldwide and that is one of the reasons we are writing this review about the LimeFX forex broker.
- I want a full mobile application.
- These are negative and positive commentaries.
LimeFX – Scam or legit forex broker
Also, I am not satisfied with the web mobile platform. I want a full mobile application. Using the web platform is quite inconvenient.
LimeFX customer reviews
There are many account types proposing different trading conditions. 500-dollar deposits are for basic https://traderoom.info/ accounts as described above. Expensive LimeFX plans start at 5,000 dollars for their initial deposit.
LimeFX Forex Broker: Its Many Offers and Services
Welcome bonuses are not that often among the regulated and honest brokers. It is more familiar with the fake ones to attract clients. LimeFX seems to have chosen MT4 and XCritical as its primary trading platforms.
It has a lot of positive sides, and one of them is an investor simulator. This is a really good opportunity for beginners, so they don’t give up at the start of trading. Also, this company provides a lot of different financial services such as currency, stocks, cryptocurrency, oil and others. However, the managers are really annoying. The broker is interested in my money because it takes a specific percent from the money I invest. LimeFX is good, but this fact makes me look for another company.
After analyzing the website of LimeFX, we did not find anything like that. In fact, the website is really well-made and contains everything a real trader would need for work. The review team wholly recommends LimeFX should you want to make profits in trading Forex and the other lucrative markets.
If traders use investor simulators, they are in on real money which can be withdrawn upon trade turnover. Brokers bring deals to the market. Such is a tell-tale sign of a possibly legitimate broker. As already mentioned, some companies buy assets and sell them to traders directly. This also does not point to the company being a scammer.
The foregoing reviews prove that limefx is not, in any way, a fraud. The first one only pertained to “annoying managers,” a pricey minimum deposit, and the absence of a mobile application. Slow withdrawal processes became subject to another complaint—none of these paint LimeFX as a fraudulent, scamming brokerage. LimeFX Demo Accounts offer opportunities to train traders’ skills without risks. Traders get a virtual deposit and the capability of making all orders in the sandbox. What separates LimeFX’s Investor simulators from LImeFX’s Demo accounts are profits derived from Investor simulators.
Traders need to press the “Up” button for the supposition of climbing prices and the “Down” button if the prediction is for prices to plummet. After these steps, traders may already commence trading through LimeFX. Traders are then recommended to try out LimeFX’s Investor Simulator for two weeks. If traders combine a VIP Account with an Investor Simulator, fewer risks are experienced. STP brokers simply cannot cheat even if they want to.
Volatile assets are at an advantage here, as well as buyers interested in such instruments. Incepted back in 2008 by a group of financial experts, LimeFX started as a provider of robots for automated trading. Fast forward to the present, and LimeFX had flourished into the brokerage firm we know today. Declaring LimeFX’s CFTC regulation means a strong validity of its services. The CFTC, a U.S. government-sanctioned entity lays down highly stringent requirements before granting license to any brokerage. The United States alone is strict when it comes to granting brokers access to its country.
Most of them asked us not to show their profiles, so we shall just quote them. There are hundreds of honest brokers available on the market, so you can easily find more affordable, flexible, and legit ones. Many brokers charge an inactivity fee, so this is not alarming. Also, 90 days is a pretty solid amount of time.
STP technology renders disinterest and magnifies brokers’ care for clients. These pertain to entities offering a set of services and products to clients LimeFX, as already made apparent, is a broker. Brokers working with STP technology serve up numerous advantages to their clients.
This is not a scammer, but I want a faster withdrawal without having to get a VIP account. There are many positive reviews on LimeFX. We only chose three to not inundate readers with information.
LimeFX claims to have been established back in 2008 as an STP broker. STP stands for Straight Through Processing. The STP broker directly passes all or part of the Client’s transaction to the liquidity provider for execution. By keeping some transactions internally, STP brokers are creating a market for these transactions, thereby fulfilling the market maker’s role.
