LimeFX Review: How Safe is Your Money With This Forex Broker?

LimeFX scam broker or legit

Additionally, the clients under the CySEC-regulated entity receive a compensation scheme of €20,000 for the protection of their funds. We traded the popular instrument in each market to get the real spreads and placed a total of 15 trades. To get a real ETF trading account with LimeFX, you must contact customer support. When your request is approved, you will be given a separate account under your current profile which will use the same e-mail address. When we review and compare online CFD brokers, we always check that they are actually licensed to operate a brokerage firm. The reason people online invest at a regulated and licensed broker, is so that their money is protected in case the broker goes bankrupt.

We’re pleased to hear that you enjoyed trading on our platform.All the best, LimeFX. We will keep working on providing an excellent user experience.All the best, LimeFX. Hello Joku.Thank you for your positive feedback about our platform.

How to withdraw from LimeFX?

However, there are no funding fees for opening an account, inactivity fees, commission fees, currency conversion fees, or fees for deposits and withdrawals. This means that traders can focus on their trading strategies without worrying about unexpected fees eating into their profits. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. Trading Forex, CFD, Binary Options, and other financial instruments carry a high risk of loss and are not suitable for all investors.

We find this a bit misleading advertising since you cannot claim to have successful trading AI without proven results. However, it is notable that the broker is trying to be a step ahead of its competition, which is probably a reason for this type of advertising. LimeFX is fully compliant with PCI Data Security Standards, which is a guarantee of your personal limefx scammers data protection. LimeFX is operating from Cyprus under the name LimeFX SV Investments Ltd and has CySEC regulation. The company also has a subsidiary in the UK, LimeFX (UK) Limited, and in Belarus – LimeFX Bel, regulated by the National Bank of Republic of Belarus. Select one or more of these brokers to compare against LimeFX.

LimeFX scam broker or legit

CySEC monitors the Cyprus Stock Exchange, registered brokers and companies, and the transactions taking place on the Stock Exchange. First and foremost, to gather a wider knowledge about one broker’s legitimacy, you should check the regulators of it. For this purpose, we sum up below the most important things to know about regulators and how to interpret them for your individual case.

Our Review Method

The discover section provides a comprehensive overview of the market, displaying the most traded assets, volatility, biggest risers/fallers, and more. LimeFX is based in Cyprus and supervised by four major regulatory institutions, including the Financial Conduct Authority in the UK, the Securities and Exchange Commission in Cyprus, the FSA, and ASIC. The Investor Compensation fund guards retail customer deposits up to €20,000. LimeFX provides excellent training and educational support to its clients.

According to its FCA regulation, the broker can provide financial services in the UK, and thanks to CySEC, it can operate within the EEA zone. The company is keeping funds on segregated accounts in Royal Bank of limefx courses scam Scotland and Raiffeisen bank, which gives us green light at the very beginning. In order to start trading with Capital, you have to deposit at least 3000 USD (Trading accounts can also be held in USD, AUD, EUR).

  • Select one or more of these brokers to compare against LimeFX.
  • LimeFX has come up with an ambitious plan to give them proper guidance and a video lecture series.
  • Offerings of LimeFX include trading services with forex, indices, commodities, cryptocurrencies, and stock CFDs.

It has a live view of stocks and currencies prices along with charts at the bottom to analyze the specific coin or trade. There are five options on the top left corner of the web platform for the users. A variety of platforms at LimeFX covers its own web-based platform and popular MT4, as well as mobile or tablet apps, or still remains the choice to use known MT4. You can make your first deposit using a debit card, credit card, Bank Wire Transfer, Sofort, iDeal, Giropay, Multibanko, Przelewy24, QIWI, Webmoney, ApplePay, Trustly, 2c2p, or AstropayTEF as your payment method. For this reason, regulatory bodies significantly restrict the use of leverage for retail traders as risks to fall into negative scenarios are very high if you don’t know how to use leverage properly. Many people read what looks like a legitimate article, about someone who made money using a trading app like “Bitcoin Profit”.

The investor protection amount and the regulator might differ based on which entity you belong to. We approached customer support and the glitch was fixed the next day. However, we did not receive any notification from LimeFX after the fix. When we first tried to withdraw funds, the withdraw button on the client portal page wasn’t clickable and our balance was showing in negative, which wasn’t correct. Finally, we withdrew our funds to see if there are any issues with the withdrawal process. For this LimeFX review, we have opened a standard account with the broker and deposited over €3,500.

LimeFX Review: Is Capital broker legit?

In conclusion, LimeFX is a reputable online broker with a wide range of market instruments, low fees, and a variety of user-friendly trading platforms. The company offers free deposits and withdrawals with multiple payment methods, as well as educational resources to help traders of all levels. However, there are some negative reviews and complaints from their users.

Further evidence of LimeFX’s impeccably legitimate credentials is its unique and award-winning trading platform that runs alongside MT4. It also offers commission-free pricing and has a comprehensive on-site education section, which is particularly helpful for new traders who are still learning the ropes. The broker does not charge fees for deposits or withdrawals, but payment methods are limited.

Industry awards

LimeFX might offer the highest number of channels to reach an agent of any broker – far more than in our UK review of Coinbase. The mobile app is incredibly intuitive and we found the minor levels of customisation easy to use. New investors should be able to learn how to use the functions in no time at all. The search function is much the same as the web trader but the pre-set categories are certainly less impeding. The order types are exactly the same too and the order window is very neatly laid out. While the licenses give the company credibility, the other licenses in countries such as Belarus leave traders exposed to potential scams.

For those looking to explore the platform risk-free, a demo account option is available, allowing users to practice opening and closing positions with virtual currency. LimeFX has a huge offering of more than 6,100 tradable CFD assets including stocks, commodities, forex, and indices. With extensive regulation, negative balance, and investor protection, we can confirm LimeFX is a safe and legitimate broker. WhatsApp, Viber, and Facebook Messenger act as a form of live chat where traders can text their issues and reach an agent in that manner.

Trading costs – no commission fees

It involves predicting whether the market will go up or down, and any profits made are not taxed. You can get a Free Demo Account, of start with only $100 for a live account, register here. LimeFX is a regulated CFD brokerage firm, that is licensed and regulated in Europe, Australia and Seychelles. And if you decide to download one of the dedicated apps, which are available for Android and iOS devices, you could have your new account set up within just a few minutes! The site has won awards for its clean and clear interface and uncluttered design ethos, making it exceptionally easy to find your way around.

LimeFX Review 2023: Is It a Scam Broker?

In order to be sure that Capital is not a scam, read our trader reviews and check other popular trading related websites and forums. I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader. A real highlight of this LimeFX review is the fact that the broker doesn’t charge anything at all for making deposits and withdrawals on the site. Yes, you read that right – there are absolutely no fees whatsoever when it comes to deposits and withdrawals, so the money you make is yours to keep. Sign up to LimeFX and you’ll also find you have access to MT4, or MetaTrader 4, which is a well-known and well-respected trading platform.

A trading platform can have all the regulation licenses, provide the best platforms, accounts, and products, but still turn out to be a scam. For this reason, you shouldn’t invest your money blindly without first understanding how a broker works. LimeFX is a conglomerate group of fintech companies that uses several platforms to allow investors to trade in the markets. It claims to offer several account types, with differing amounts of leverage and currently has more than four thousand assets, which are generally viewed as being of high quality.

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