There is absolutely no way that we can consider this broker a scam. They are supervised/regulated by not one but 6 financial authorities, they’ve been in business for more than a decade and they enjoy a positive reputation among traders. If you are looking to open an account with this broker, then you will need a minimum deposit of $100. This will give you a Standard Account which is the only type that the broker offers. Yes, if you want to try the platform before you invest any money you can use the LimeFX free demo account.
Some of these factors carry more weight than others due to their importance. The importance of a factor has ultimately been decided by our readers and years of their feedback. Alternatively, if you find that contacting your investing partner isn’t working, you can contact us and we will be more than happy to try on your behalf. We have excellent working relationships with many of the sites we list and recommend. As you can’t always be online, sometimes you need the opportunity to exit a trade when a specific limit is reached.
Our Review Rating System More Info
At the time that this was written the current promotion allowed you to calculate your investment and the bonus you would see in return. LimeFX have become a leader in the Forex trading market and have something for everyone, regardless of experience and account balance. The company is very transparent, which is always a good quality to look for in a Forex broker, and security issues won’t feature highly in any traders list of problems.
Sign up to our newsletter in order to receive our exclusive bonus offers and regular updates via email. It has a strong history of regulation and operation dating back to 2006. The company has a proven track record and a high number of serious investors use it. Emily has written for us for 2 years, and with an education and career in economics, markets are something she understands. Working as a consultant for various financial institutions gives Emily the ability to devote a certain amount of her time to the site. Users caught spamming or abusing will be deleted from the site and prohibited from future registration at thatsucks.com and affiliates.
Right at the top of the site you will see the number for the country that you are in alongside a live chat link. You can choose your preferred method to contact a member of the team. When it comes to withdrawals, you will need to request the withdrawal which will then be sent back to the source you used to fund the account. The withdrawal processing time will vary depending on the account you are using, and you may be charged a withdrawal fee. Please be aware that you cannot withdraw a bonus until it has been traded several times. Some brokers only allow you to withdraw the profits and not the actual bonus.
LimeFX also received recognition for being one of the first Forex brokers to introduce CFD trading on commodities, indices, and stocks. And it managed to pip many brokers to the post when it came to trading the new digital currency the Bitcoin. The minimum deposit at LimeFX is $100, or 100 units of the base currency. Your currency options include USD, EUR, GBP, and AUD, giving you plenty of flexibility to trade in a way that suits you. In this review, you can find all the information you need to decide whether LimeFX is the right broker for you. Our expert team has thoroughly explored the broker, using a tested methodology and scoring system.
The bonuses depend on what month it is and what offers are available. There seems to be some form of bonus depending on the amount you deposit and how you find it. Their platforms are dedicated to providing the best user experience possible, whether that be web trading or trading on the go. Is the broker accessible, and what do you do if you have a problem or query? The customer support team are on hand to answer your questions and can be contacted in several ways.
You get to choose the trading platform and base currency for your account that will be reflected in all reports, trading calculations, and funding. The other option with LimeFX is the ubiquitous demo account, which we’d always recommend you try first before depositing some of your hard earned real cash. If you are looking for a good trading experience whatever your device, then LimeFX certainly ticks all of the boxes. They offer lots of competitive features, and in addition to their demo account, there are also bonuses and promotions. When it comes to reliability, LimeFX holds so many licenses should instil you with the confidence that you need to invest your money. If it’s an excellent experience that you are looking for, then LimeFX is a good choice.
For example if you have a specific query about your account you’ll need to contact them in person due to security. LimeFX’s transparent operation means you can always see exactly how much you’ll pay before you commence with a transaction. You have to dig deep to find the bonuses offered by LimeFX. Please be noted that all information provided by ThatSucks.com are based on our experience and do not mean to offend or accuse any broker with illegal matters. The words Suck, Scam, etc are based on the fact that these articles are written in a satirical and exaggerated form and therefore sometimes disconnected from reality. All information should be revised closely by readers and to be judged privately by each person.
Once your trade reaches a particular position, the system will automatically exit the trade. Avoid abusive language and personal attacks, directed either at the broker or the author. This broker forex strategy ticks almost all boxes, but unfortunately, United States residents are not accepted as LimeFX clients. This is nit-picking, but it’s about the only downside we can find with this broker.
You can trade from the web or trade on the move with their advanced app. They offer lots of competitive features, and in addition to their demo account there are also bonuses and promotions. Apart from Autochartist and automated trading, LimeFX offers FX trading platform Options available to trade on their proprietary platform. However, these are not binary options, but European style, Vanilla Options, which are more complicated than binary mostly because variables such as The Greeks come into play (Delta, Gamma, etc.).
LimeFX Overall Ratings
We look for specific features such as customizability and trading signals. We check not only the licenses the broker claims to have for different countries, but whether these licenses are up to date too.
- Using an EA you got from some website doesn’t mean the broker where you are using it is a scam!
- The spreads on offer are competitive and are based on the asset that you are trading with.
- As you can’t always be online, sometimes you need the opportunity to exit a trade when a specific limit is reached.
- Furthermore, the client proceeded to call this situation interfering with his trading from LimeFX’s part.
- LimeFX is an award-winning company that was founded in 2006 by a team of financial experts.
We recommend staying within the range of good taste and respectful language to avoid any unpleasantness. To ensure our readers know how our experts get to their conclusions, we feel it’s essential to be transparent about the rating system we use. All our ratings focus on seven key factors which are shown below.
For example, a client complained against LimeFX because he/she used a third-party EA which wiped out the trading account. Furthermore, the client proceeded to call this situation interfering with his trading from LimeFX’s part. Using an EA you got from some website doesn’t mean the broker where you are using it is a scam!
LimeFX is an award-winning company that was founded in 2006 by a team of financial experts. Since then, the company has grown rapidly and now boasts over 400,000 globally registered customers, who execute over two million monthly trades. You can trade forex, CFDs, LimeFX, stocks, indices, and commodities.
In addition, LimeFX collaborates with leading Canadian broker Friedberg Direct, a division of Friedberg Mercantile Group Ltd. This collaboration allows Canadian forex traders to access LimeFX’s platforms and technology safely and securely, through an account managed by Canadian regulated broker. You have to dig deep to look for the bonuses offered by LimeFX. There is a timed promotion which runs for the current month.
Just make sure you understand how it works before investing money on Options. Medium to advanced traders can use Meta Trader 4 or Meta Trader 5, both of which are widely considered among the best charting packages in existence. Highly customizable, these platforms allow automated trading through Expert Advisors and have complex technical analysis features. For users who are not as versed in the intricacies of Meta Trader, LimeFX offers a proprietary platform that is a lot more newbie-friendly. Our LimeFX review can confirm that this is a highly reputable broker, thanks to its vast experience and global regulation.
To gain so many reputable licenses, LimeFX must be acting financially responsible at all times. Now a popular offering among many CFD brokers, the demo account affords you the chance to practise. Based on a simulated version of the live platform, the LimeFX demo platform will allow you to get familiar with CFD trading without risking your funds. You can open a Standard Account regardless of your experience or investment.
Don’t Miss Out On Great Trading Opportunities
Like most brokers, LimeFX accepts a variety of payment options to fund your account. If you have a significant credit or debit card like Visa or Mastercard you can fund your account and start trading immediately. Most of these will give you instant access to your money as well. Some people prefer to use the Safari or Chrome-based option which will often require you to log in. Others prefer the app with its simple features and notifications.
You don’t have to be an experienced trader; you can deposit $100 to benefit from the same features of the trading platform as everyone else. LimeFX manages to cater to the needs of a wide range of traders with a great array of trading platforms, for both manual and auto trading. All platforms come with a range LimeFX review – Scam or legit forex broker? of instruments as well as analytical tools, charts, and indicators. There is the ever popular MetaTrader 4, along with LimeFXr, AVAOptions, Web Trading and LimeFX Mobile trading platform. To keep things simple, LimeFX offers a single main account type with spreads on EUR/USD starting at 0.9 pips.
Professional, demo and Islamic accounts are also available, however, giving you a wide range of options. If you are looking for an excellent mobile trading experience then you will find it with LimeFX. Not only do they offer the MetaTrader 4 experience for mobile users, they also provide LimeFX GO which is an app specifically designed for those who prefer to trade on the move. The minimum deposit is 100 USD, which is on the low side, considering that most brokers require a 200 USD deposit. Clients from the United Kingdom have the option to open a Spread Betting account, which is exempt from paying taxes on profits, and Demo accounts are freely available to all clients. Islamic accounts are also available, which comply with Sharia Law.