LimeFxFX offers trading on cryptocurrencies, metals, and indices, but the assets under each category are restricted and sparse. LimeFxFX has over 50 different payment options, such as Visa, Neteller, Fasapay and Bitcoin, and a large variety of local bank transfers. The availability of these payment methods may also depend on your country of residence.
It falls under the regulatory oversight of the Cyprus Securities and Exchange Commission (CySEC), ensuring enhanced safeguards for European traders. The different methods of depositing money on the LimeFxFX broker include India Cash, Bitcoin, Skrill, MasterCard, UPI etc. While researching for a reliable broker, we found that there are multiple other forex brokers with better education and research resources available for beginners. Some of the prominent ones are Pepperstone, ForTrade, AvaTrade etc. If you are a novice, you will face huge problems as the courses and articles contain somewhat tough language. So the firm is not ideal if you are looking for a broker who provides you with the best and most readable trading material.
- This financial service provider offers limited resources and tools for traders and investors.
- LimeFxFX is a regulated forex broker under the Laws of Saint Lucia, and Indians can trade on the broker, but it is not listed under the Reserve Bank of India.
- LimeFxFX offers trading on cryptocurrencies, metals, and indices, but the assets under each category are restricted and sparse.
- The central authority regulates some of its branches, whereas others are by some random and local authorities.
FXreviews accords traders and investors with some of the best hand picked brokers that can harvest their needs for booking profits in the world of financial market. The broker’s account opening process is time-consuming, and the document authentication process takes much time compared to other brokerage firms. Despite its accessible minimum deposit requirement of just $50, LimeFxFX stands out with its competitive spreads, even on exotic currency pairs. The platform offers three types of accounts, each compatible with MetaTrader 4, MetaTrader 5, and cTrader, featuring a range of useful features. Additionally, LimeFxFX provides Islamic accounts adhering to Shariah principles.
LimeFxFX, a renowned online trading service provider, has earned multiple industry accolades for its exceptional platforms and services since its establishment in 2011. Catering to a diverse clientele, LimeFxFX offers various trading options with low initial deposits. It operates as an umbrella brand for two separate broker entities. The financial Service provider is a robust link between market participants and financial markets. Hence, select the broker vigilantly before jumping into the trading arena. There are numerous brokers in the market providing trading services to their clients.
The income of partners doesn’t depend on trading instruments used by clients. Download our app and keep track of your orders whether you’re in the office, on vacation, or at home. https://limefx.name/ We are constantly improving our product to make your trading experience better. Choose from 300+ trading instruments, including shares, commodities, and indices.
Fitur Trading di LimeFxFX
The broker’s customer support service is available 24 hours and five days a week via email, WhatsApp, live chat option, phone and inquiry form. But, the response time with each type is elongated to extremities. Thus, the trader has to wait long to get the answer to his/her query. So, if you are looking for a simple and less time-consuming account opening in Forex, then you can opt for brokers like Capitalix, NovaTech etc. One of these entities, LimeFx Markets Cyprus Ltd, operates under the domain LimeFxFX.eu and is registered in Cyprus.
Thus, it creates confusion in the mind as to whether the firm is regulated or not. It is high time the broker pays heed to this major issue; otherwise, it will lose all its clients. Therefore, we cannot decipher whether the broker is a scam or not. After analysing the broker in this review, we will help you save money while trading on LimeFxFX.
Cara Withdraw LimeFxFx?
For those looking to test the platform before committing, a demo account is also available. The broker does not offer up-to-the-mark features, which all advanced brokerage firms such as HFTrading, T1 Markets, PrimeFin, or Global TradeATF provide. There are many areas where the broker requires improvement. Hence, before selecting, you should read reviews of other brokerage firms and then compare them with LimeFxFX. There are no additional deposit and withdrawal fees on the LimeFxFX broker.
Transparent trading conditions
The problem with the daily forecast of the financial market insight is that they are outdated. Moreover, the broker does not allow trading on the most common and widely limefx scam traded market, that is, the stock market. One of these branches is regulated by a central authority, and some random local authority regulates the other one.
Kelemahan LimeFxFX
Let us find out if LimeFxFX suits your trading standard or not through the review provided below. The minimum prices of LimeFxFX vary depending on the entities regulating the trader’s account. For Example, for MT4, the spread starts at 0.6 pips (EUR/USD), and its average spread is 0.7 pips which are tighter in comparison to the competitors. For MetaTrader 5, the spreads also start at 0.6 pips and offer an average spread of 0.7 pips on the EUR/USD. Also, the good thing is that it has no extra commission charges. Minimum deposits at LimeFxFX will vary depending on your country of residence and your chosen payment method.
Risiko Trade Dengan LimeFxFx
Amongst the common withdrawal problems on the LimeFxFX broker, the most common one is the pending verification of the client’s account. The other prominent reason for not receiving withdrawal on time can be insufficient liquidity to simultaneously cater to numerous withdrawal requests. However, some cases of late withdrawals have also been witnessed by the traders. LimeFxFX is a regulated forex broker under the Laws of Saint Lucia, and Indians can trade on the broker, but it is not listed under the Reserve Bank of India. There is confusion related to the regulation of the broker. The central authority regulates some of its branches, whereas others are by some random and local authorities.
They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR). It’s important to note that minimum deposits and trading costs will also depend on which LimeFxFX entity you choose for establishing your trading account. This financial service provider offers limited resources and tools for traders and investors.