LimeFX Review: UK Edition 2023

The high quality of services is proved, first of all, by customers’ reviews. «LimeFX» is a Forex broker with unlimited opportunities, a company that aspires to offer the customer not only service and competitive rates but also various contests, bonuses and promotions. A convenient platform, low investment threshold, fast transactions, high-quality training, professional analytical materials (reviews, articles, news) – all of this waits for the «LimeFX» client. Withdrawal (read withdrawal reviews below) is one of those procedures that has been worked out in detail and allowed the company to earn more than one positive review throughout its long existence.

LimeFX International uses 3D secure technology when processing credit and debit cards. Compared to other CFD and forex brokers in Nigeria, we found the spreads at LimeFX to be higher than some of the competitors by a very small margin. We have covered each benefit and limitation of the broker, specifically for the Nigerian clients. In comparison, LimeFX International boasts 90+ tradable instruments. LimeFX International offers 60 currency pairs,

4 cryptocurrencies,

and 10 stocks and shares.

Compare LimeFX International with other approved brokers

Seventeen years of experience in the Forex market morphs into excellent customer service. The required starting deposit is not so high, and even in the promotional periods can often be only a few dozen dollars. At the same time, «LimeFX» specialists train inexperienced traders, and trading signals are issued to all interested customers absolutely free. Overall, LimeFX’s trading fees are higher than average on its instant execution accounts, but extremely competitive on its market execution accounts, however, these require higher minimum deposits. LimeFX is a global forex and CFD broker that provides online trading services to retail and institutional clients from around the world.

Based on the margin requirement for the specific account, you can also calculate the maximum leverage you’ll be able to wield whilst trading. Having a clear picture of the right margin requirements prior to your trade allows you to apply good risk management. Not enough funds in your account could prompt a margin call which, in turn, could lead to the closing of a position and account wipeouts. The margin requirements on demo accounts mimic those on the live accounts.

Does LimeFX have a deposit bonus?

We liked the variation in the account types as every type of trader can have a suitable account type at LimeFX. The fact that each account can be opened with NGN as a base currency is a major advantage for traders in Nigeria. LimeFX has excellent customer support but is not regulated by any tier 1 or tier 2 regulatory authority.

• At LimeFX, the non-trading fees are low as the account opening is free and traders in Nigeria can deposit and withdraw through local banks without any additional cost.
• LimeFX has a brief but helpful education section but no analysis to speak of, apart from what is included in the platforms.
• Conversion fees can make trading very expensive and are usually not presented on the fee report but affect your profitability.

The MT4 and MT5 platforms provided by LimeFX come with the Autochartist already installed in the platforms. This fantastic market analysis tool provides you with free trading signals by recognizing patterns on the charts. My favorite feature is how it automatically analyzes the charts and gives you its predictions. I also like how Autochartist is customizable to your specifications and can save you from hours of chart watching. This is LimeFX’s social trading platform that enables you to replicate the strategies and trade positions of another trader called a ‘Strategy Manager’. I like how there is a list of strategy managers along with their performance statistics to assist you to make a choice.

Is this your company?

The biggest problem about these complaints is that many of them allege refusal to honor withdrawals on the part of the broker. Stop loss hunting and spread manipulation are grave enough, but not letting traders withdraw their principals is nothing short of outright theft. Completing the review, it’s necessary to briefly summarize all of the above. The main thing with regard to the «LimeFX» broker is its absolute reliability, which attracts a lot of customers from around the world. Of course, service standards are very important, and this broker’s support it so high that even demanding European and American customers are fully satisfied with their cooperation with «LimeFX».

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the LimeFX offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker. The new and updated version of MT5 boasts state-of-the-art features including options for hedging, while MT4 is slightly less advanced and more suited to traders who are new to the markets. MT5 also has a built-in news feed and an economic calendar, and trades can be made on a chart.

LimeFX Nigeria – A quick look

Deposit funds when your trading account has been approved and start trading. Traders and investors cannot directly access the global forex market. They must trade through a trading platform hosted by a regulated limefx scammers forex and CFDs broker. LimeFX International keeps client funds in a separate account which is held by a leading bank. The forex broker cannot access clients’ funds to pay for company expenses or liabilities.

No fees are charged for deposits, but a withdrawal fee may apply, depending on the method. Of particular note is the fee for bank wire transfers, which costs 30 EUR per transaction. LimeFX offers a number of deposit and withdrawal methods, including credit cards/debit cards, bank transfers, and e-wallets such as Bitcoin, Skrill, Neteller, Webmoney, and Perfect Money.

Best regulated brokers for CFDs trading

LimeFX makes multiple deposit and withdrawal options available including Bank Transfer, FasaPay, and BitCoin. The execution time of withdrawal will depend on the option selected. Per established industry standards, an online application handles https://limefx.vip/ new accounts. The form merely asks for the trader’s name, country, e-mail, phone number, and password. While it grants access to the back office, account verification remains a mandatory final step, per regulatory mandated AML/KYC requirements.

LimeFX was one of the companies involved in the formation of the Centre for Regulating OTC Financial Instruments and Technologies (CRFIN) and upholds high standards of safety for clients’ funds. In summary, I found LimeFX to be an experiencedB, award-winning, and popular trading broker. However, I believe the brand could improve in certain areas in order to compete with competitors like Pepperstone within the online broker industry. The ‘LimeFX invest’ app is an Android and iOS app that was designed by LimeFX to help investors to manage their investment portfolios.