LimeFx review: LimeFx Review 2023: Scam or legit forex broker?

All reviews remain unbiased and objective and immediate action will be taken against any broker which is found to be in breach of regulation. These partnerships have proven to be great aids in the furthering communication between brokers and our visitors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

The withdrawal processing times do not have any compensation fees or deposit compliances. Both novice investors and high-skilled investors can benefit through quality and in-depth market insights into the market. Use LimeFx hosts live webinar, platform tutorials and educational articles sessions to gain knowledge on the current market conditions.

What can I do with Account Monitoring at LimeFx.com?

Your opinion is significant to us, and we would love to hear more from you and engage with our clients. If you have any further feedback or suggestions on how we can improve our services, please do not hesitate to let us know. Please keep in mind that we never prevent our users from withdrawing their money, and our finance team works hard to ensure that all transactions are processed as quickly as possible on our end. MT4 for Android and iOS allows you to manage your trades on the move. You can download the apps on the Google Play Store and the Apple App Store, respectively.

I always recommend that traders check them before evaluating the total trading costs. Our team constantly works to ensure the best experience for our clients, and we’ll forward your feedback to our team for them to review. If there’s anything else we can help you with, please feel free to reach out to us at We’d also like to thank you for sharing your opinion about our Copytrading algorithmic system. The algorithm calculates the minimum LimeFx based on the Master Trader’s maximum margin and daily trading activity. Also, for a more transparent service, a Master Trader’s risk score is calculated based on their trading activity, profit, and the number of orders.

The European entity of LimeFx is regulated by the top-tier Cyprus Securities and Exchange Commission . The offshore entity of LimeFx (Octa Markets Inc.) is registered in St. Vincent and the Grenadines. According to the website, clients have negative balance protection, and client funds are segregated from the company’s operating funds. The trust score came in low, largely due to the fact that the Octa Markets Inc. entity is unregulated. Starting his career in finance on the floor of the Chicago Mercantile Exchange, Dan later gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker.

The mobile trading apps are available for download on iOS and Android from google play. Traders can access all their registered trading accounts in one LimeFx app through their mobile apps. Additionally, they can even download separate apps for MetaTrader 4 , MetaTrader 5 , and cTrader, depending on their trading environment.

LimeFx also offers a copy trading platform free for all accounts, allowing beginners to copy the trades of more experienced, successful traders for a small fee per traded lot. Beginners simply find the Strategy Providers they want to follow and click “Copy.” Their positions will be copied automatically. lime fx The copy trading service is also user-friendly and well-designed. Clients can trade CFDs on forex, commodities, indices, and cryptocurrencies via MetaTrader 4, MetaTrader 5, and the LimeFx Trading app. Two main account types, Habitual Trader and Smart Trader, cater to different trader profiles.

Why is it important to know where your broker subsidiary (entity) is regulated?

Copiers are able to evaluate trades separately, and the variety of trading metrics LimeFx offers helps copiers make better decisions about the Master Traders they want to follow. CFDs allow you to trade cryptocurrency, but you can’t trade the underlying asset directly . Note that crypto CFDs aren’t available to retail traders from any broker’s UK residents, nor to UK entities.

In addition, the trust score was brought down substantially due to the fact that Octa Markets Inc. is registered offshore. Moreover, the company focuses on innovation that helps it to provide a seamless trading experience. Overall, LimeFx can be summarised as a trustworthy broker that provides Contracts for Difference and low spreads on 100+ trading instruments.

Is LimeFx a good broker?

We spend thousands of hours a year, both researching and testing brokers, to give you unbiased and extensive reviews. To keep the website running, we make money through affiliate commissions and paid advertising, at no additional cost to you. While our partners compensate us for our work, they can not alter our review process, ratings, and recommendations.

However, in rare cases, certain technical limitations may require them to ask customers to use another payment option until further notice. Such cases are infrequent and may occur until our team fixes the issue. LimeFx caters to most international traders, including India, Pakistan, Malaysia, Nigeria, Singapore, and Indonesia. A ranking system is also in place, evaluating the trading history of the Master Trader with LimeFx. In-depth details on the trading strategy and performance of each Master Trader are equally available. Please note that equity markets open and close each trading and are not operational continuously like Forex and cryptocurrencies.

LimeFx Platforms Review

These posts frequently offer predictions of future market movements – but be cautious and do your own research before acting on any predictions. LimeFx’s intake form requires clients to register an account with an email address and a password. LimeFx also has its own trading management app that integrates well with both the MT4 and MT5 apps, but we were disappointed that this is only available on Android devices.

After downloading the app we found it easy to open new real and demo accounts, manage our leverage, and deposit and withdraw funds. Switching to the MT4 app to access our trading account https://limefx.biz/ was a simple and quick process. In a show of good faith, LimeFx segregates all funds from the company’s operating capital, and offers negative balance protection to all its clients.

It has been downloaded over 10 million times on Android smartphones. The success of LimeFx’s proprietary copy trading service prompted the development of a mobile app. With LimeFx, users can open MT4 or MT5 demo accounts with no time limits. The MT4 demo account expires after 8 days of inactivity, while the MT5 demo account will expire after 30 days of inactivity. LimeFx’s competitive and candid trading conditions show the genuine aim for building long-term partnerships with traders.

Customer support is competitive but where LimeFx really shines is in the research and market analysis available. Overall, LimeFx offers a good range of trading tools, including Autochartist, one of the best technical analysis tools in the industry. Traders then need to select their preferred account type , live or demo account, level of leverage, and account base currency. Overall, LimeFx’s mobile trading support is good when compared to other brokers, with the MT4 and MT5 mobile versions available, in addition to the LimeFx trading app. However, LimeFx’s trading app is only available on Android devices. The app also lets you manage any bonuses or contest accounts you have open with LimeFx.

Commissions and Fees

Trading costs such as spreads are clearly explained on the Spreads and Conditions page. Traders can find the Client Agreement in the footer of the website. The About Us page does a good job of sharing the company’s mission and history through a series of milestones over the years. When it comes to the exact spreads that you will be charged on the trade, it will vary slightly according to the type of account that you have chosen. For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography, and reputation.

LimeFx trading platform has headquarters in St Vincent and the Grenadines and the United Kingdom. They are generally well-suited for LimeFx to provide their Forex/CFD trading services to global clients. LimeFx measures its success by providing cost-effective trading conditions, along with a completely transparent service worldwide, regardless of how high its clients’ expectations are.

Octa Markets Incorporated was registered in 2011 in Saint Vincent and the Grenadines under license number IBC 2011. The Company’s legal and correspondence address is Cedar Hill Crest, P. O. Box 1825, Villa, St. Vincent and the Grenadines. LimeFx acts in full compliance with international legislation and regulation standards. You can review Customer Documents as well as AML policy and other important legal documents in the Legal Agreements section at LimeFx broker facilitates the MetaTrader 5 Pro Account, the most profitable amongst C-Suite investors and novice traders as well. The regulated broker compensation for a cTrade account depends on the changes in the market news.

WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations limefx courses scam of the country and region where they are located. Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.

A dependable stage is fundamental for forex exchanging, and LimeFx scores well on this count. LimeFx highlights a simple to-understand design and great incorporation for each of the three exchanging stages. The portable applications run as expected, with outlines and current costs plainly noticeable and refreshed continuously. The stage is steady and solid, with clients detailing not very many issues with availability and soundness. It was difficult to find answers to our questions about the swap fees of the MT5 account. Overall, LimeFx’s educational materials are some of the best in the industry, but it could look at including content that is more suitable for advanced traders.

• From stat-arb and trend-following CTA to fixed-income relative value.
• Even though the broker is not regulated by any top-tier financial regulators, it has a strong reputation and long track record.
• The LimeFx MT5 account offers all 230 trading instruments with the same minimum deposit.
• All reviews, research, news and assessments of any kind on The Tokenist are compiled using a strict editorial review process by our editorial team.

Copiers may copy trades in full or proportionally to their trading balance versus the Master Trader. I recommend the former, as it will result in superior trading results, as it adjusts positions based on portfolio size and leverage. It is also a rare broker fully compliant with Shariah law for Islamic traders.

With login access, guarantee limited orders, users can initiate their trading LimeFxs and exchanges to gain valuable returns. With more than a decade of experience and 6.6 million trading accounts from over 100 countries, traders should be able to have trust in LimeFx. The Market Information section at LimeFx provides traders with twelve categories of well-presented content. It includes technical trading signals, Forex news, and market insights. The LimeFx blog complements the research category, and traders have a wealth of quality, market-oriented information.