The platform could use more features for advanced traders, but for day-to-day trading, it does the job. I never used bots, plugins, or any unfair methods—my trades were 100% manual.I’ve contacted support multiple times with no reply. I also reached out to the influencer who recommended Lime Fx and received no follow-up. This kind of silence and lack of transparency is unacceptable for any broker.If this is not resolved soon, I will continue sharing my experience across trader forums to warn others. While Lime Fx offers sizable first deposit bonuses, that bonus money cannot be withdrawn.
Is leverage available for all account types?
If you ever have more insights or inquiries, feel free to share them with us. Lime Fx offers a mobile app you can download for free from the App Store or Google Play. The app allows traders to access their accounts, view real-time market quotes, execute trades, and manage their positions while on the move. X (formerly Twitter) and Meta portals are active and populated.
Lime Fx Reviews 172
Lime Fx supports mobile trading via the MetaTrader 4 (MT4) mobile app. This platform has most of the features of the MT4 desktop software, and it works on both Android and iOS mobile devices and tablets. The company’s current promotions include its Iron Worlds Championship live trading competition held from mid-June 2021 until mid-December 2021.
I deposited a small amount of money and started trading.At first, I was a bit nervous, as I am not an experienced trader, but the platform is so user-friendly that I quickly got the hang of it. The variety of trading instruments impresses me – I could choose from forex, commodities, indices, and even cryptocurrencies.What really stood out for me was the customer support. Whenever I had a question or a concern, I could easily reach out to the dedicated team that was available 24/7. They were always friendly and patient, taking the time to explain everything I needed to know.The educational resources also came in handy.
It is ideal for both novice and professional traders and allows seamless trading across multiple devices. For Standard, Premium, and VIP accounts, there are no commission charges. However, the Live Zero Fixed Spread account does incur commission fees, though it offers zero fixed spreads on major currency pairs.
- From forex and metals to indices, commodities, shares, and futures, Lime Fx provides a comprehensive platform for trading a wide range of CFDs.
- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
- Trading central is something that helps me to make more informed decisions and it positively influences my trading results.
- I cannot recommend them to anyone and I will be looking for a better broker to do business with in the future.
- Lime Fx is an online foreign currency exchange broker that was founded in 2010.
- Market rebates are incentives given by Introducing Brokers (IBs) to their clients.
How many tradable instruments does Lime Fx offer?
I held EUR/USD for one month, I didn’t lose a lot on trading costs. Traders should also consider potential third-party processing costs and currency conversion fees. Only verified trading accounts can deposit and withdraw, and the name on the payment processor must match the Lime Fx account name. Some payment processors have geographic restrictions, but the Lime Fx back office will only scammed by limefx list the ones available to traders. Lime Fx, founded in 2010, offers a range of forex and CFD trading options. With an average recommendation, it provides essential trading tools and a variety of tradeable instruments but does not stand out significantly from its competitors.
- They operate on a global scale and don’t care about anyone’s laws, not even the fuzz.I was so outraged by their scam that I went to the police, but they can’t even do anything about it.
- We offer easy tools for businesses and reviewers to solve issues together.
- There is a choice between forex, metals, indices, commodities, futures, shares cfds…the app is moving fast and I never had to reload it to get it working better.
- Earlier in 2018, Lime Fx announced a partnership with EmurgoHK to open a cryptocurrency exchange, but the launch date hasn’t been announced.
- Ever since I processed my withdrawal, everything has been smooth and quick…
Metatrader 5 adds important features lacking in the older version but retains frustrating aspects of this industry-standard software, including weak customization and limited conditional orders. The lack of two-factor authentication in both Metatrader versions adds a security hole that needs to be fixed. The broker’s account diversity is impressive, with a tiered structure that includes floating vs. fixed and commission vs. no commission fee schedules.
I am a long-term trader and I have been holding positions for up to 10 days at a time. Before trading, I always make sure to check with Lime Fx’s live chat to see if there are any issues with trading certain exotic currencies. However, on October 21, 2021, after making a profit of $3710, Lime Fx took all of my profit away and complained about my SWAP free account.
While compensation arrangements may affect the order, position or placement of product information, it doesn’t influence our assessment of those products. Is our leading content maker and head of the content department. For Adam, trading is not only a job but also a passion for more than 5 years. He has many years of experience in the financial sector and honestly admits that he is in love with his job. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Companies on Trustpilot can’t offer incentives or pay to hide any reviews.
Fairly good trading terms 👍 Plus, generous leverage of up to 1000x is available
It supports the MetaTrader 4 platform but does not offer MetaTrader 5 or a proprietary trading platform other than its https://limefx.group/ copy trading app, TradeCopier. Its platforms and tools receive an average recommendation. With respect to customer service, the broker provides decent contact options and support in 45 languages, which could be a plus.
Client funds are segregated from company funds, reducing the potential for misuse. They operate a counterparty dealing desk, raising conflict of interest issues, but offer direct interbank trading access in some account types. They provide no guaranteed stop-losses but negative balance protection is now mandated under ESMA rules. Secondary security features are unimpressive, with standard encryption at the website and no two-tier platform authentication beyond Metatrader’s one-time passwords (OTP). I like the trading fees in the Lime Fx Absolute Zero account, where traders get commission-free spreads from 0.3 pips.
I must admit that they are experts in deceiving folks like me, but don’t let their smooth talking and sly mannerisms fool you. They operate on a global scale and don’t care about anyone’s laws, not even the fuzz.I was so outraged by their scam that I went to the police, but they can’t even do anything about it. Governments need to step up and make new laws to stop these scamming financial swindlers from taking away people’s money.
Jeff Anberg is a Senior Editor at BrokerNotes.co and ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency.
The broker offers you to choose among multiple chart and order types, manage orders, positions & equity online, use advanced charting and indicators and more. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.35% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. It’s quite strange that I have never heard anything about the Lime Fx broker before, despite the fact that I’ve been trading for over 4 years in this industry. Moreover, there are narrow spreads on the forex market and even when there is immense volatility, spreads always remain narrow.
I like improving every day and increasing my deposit, huh. I can even see all the legal entities that are tied with the Lime Fx eu company.So it means if you want to track down all the activities of the broker you can do that with ease. Several positive reviews for Lime Fx have been found on various review sites. While this may be a good sign, it is important to approach these reviews with caution and consider the possibility of fake or biased reviews. We may receive compensation from our partners for placement of their products or services, which helps to maintain our site. We may also receive compensation if you click on certain links posted on our site.
Lime Fx typically offers various deposit options like bank transfers, credit cards, or e-wallets. The minimum deposit will vary depending on the account type. Lime Fx regularly holds exclusive trading competitions for both live and demo traders. These competitions offer exciting rewards, including cash prizes, and are designed to allow traders to challenge their skills and earn additional benefits. Lime Fx takes account security seriously by implementing strong protective measures and urging clients to follow best practices for online safety.