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Regulation and deposit protection is another important area for our LimeFX review, as investors will want to know that the platform can be trusted to keep their funds secure. Of course, regulation isn’t the only measure of a platform’s trustworthiness. LimeFX has been on the forex scene since 2005, so our review delved into the platform’s reputation to help build a better impression of the company. LimeFX claim that on average an individual and joint account takes 1-2 business days and a corporate account takes 3-5 business days, assuming the necessary documentation is in place. In terms of design, the LimeFX USA website has a minimalist color design that, whilst somewhat perfunctory, is non-offensive and easy on the eye.
There are also very few complaints regarding the site’s performance – it is quick to load and our LimeFX review found no dead links. The simple design of the site also makes it easily portable to mobiles and tablets without losing functionality. Whilst the US regulation of LimeFX is less stringent than that limefx scammers of other authorities, it is enough for traders to be confident that LimeFX USA is not a scam. Many fraudulent firms will even claim to be domiciled in a regulated jurisdiction, and display fake regulatory licenses and addresses on their websites to try and improve their credibility with unsuspecting investors.
LimeFX USA Customer Service
In terms of spreads, the average EURUSD spread is from 0.3 pips, spreads on AUD/USD from 0.4 pips, EUR/JPY from 0.5 pips, average spread on XAUUSD around 0.7 pips, spread on XAGUSD from 0.16 pips. With regard to the average spread of indices, spread on DAX/EUR is around 1.5 pips, STXEUR 1.5 pips. LimeFX offers various popular financial products, mainly including Forex, Precious Metals (gold & silver), and a series of Commodity CFDs. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. This problem with LimeFX using the wrong Market Watch time began on November 7 when Daylight Savings Time ended.
LimeFX is a forex broker regulated by FCA, NFA, and CIMA since 2005. Our LimeFX review USA also found that the site works perfectly with mobile devices, with no noticeable impact on the layout or appearance of site pages. Of course, responsive performance is to be expected with what is quite a simple website, but ATC nonetheless delivers a pleasing interface that does everything it needs to.
- All the while, coupling themselves as an Introducing Broker with a parent company that uses the wrong Market Watch time.
- In terms of spreads, the average EURUSD spread is from 0.3 pips, spreads on AUD/USD from 0.4 pips, EUR/JPY from 0.5 pips, average spread on XAUUSD around 0.7 pips, spread on XAGUSD from 0.16 pips.
- For experienced traders, they offer a wide range of tradable assets, including major and minor currency pairs, commodities, stocks, and indices.
LimeFX offers customer support to traders via telephone, email and live chat. They have a request form on their website where you can communicate any issues that arise with the company as well. We found that reviews of LimeFX were mostly positive – with the firm particularly well-regarded for the attitude and manner of customer service representatives.
The company does not act as a counterparty to any of their clients and operates in an agency model with ECN aggregation and competitive pricing through top tier banks. Multiple products, bringing access to trade FX, Metal and CFDs from one account offered with narrow spreads. LimeFX accepts various payment methods, including wire transfer, Visa and Mastercard credit cards, Skrill e-wallet, and UnionPay, accepting USD, EUR, and GBP currency deposits. The minimum deposit is USD 5000, or the equivalent amount of EUR and GBP. For withdrawal, clients need to visit the user’s account backstage, fill in the amount on the “Withdrawal” page, and provide a withdrawal application, and the application will be processed within one or two working days.
LimeFX reviews
Internationally, LimeFX is also regulated by the Cayman Islands Monetary Authority. For instance, trading decisions made on a 15-minute or 30-minute chart could be dependent upon what is happening on the current 4-hour or Daily chart. LimeFX offers 38 currency pairs, 11 CFD instruments, and 5 Cyrptos for your personal LimeFX and trading options. In addition to MetaTrader 4, MetaTrader 4 Mobile platforms, LimeFX.com offers proprietary MT Pro software for MetaTrader to enhance traders’ MetaTrader 4. In the US meanwhile, the LimeFX USA is registered as an independent introducing broker with the Commodity Futures Trading Commission and is a member of the National Futures Association.
※ The content of this website abides with local laws and regulations. Customer service is excellent as well, I used live chat to solved a few issues which is very convenient. ForexPeaceArmy.com has advertising and affiliate limefx relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations.
With a history dating back to 2005, LimeFX have been operating for 17 years. They’re supervised by the Financial Conduct Authority and checked regularly in order to maintain their license as an introducing broker. The team at MyChargeBack – a specialist group dedicated to helping consumers recover funds lost online – is available 24/7 and has helped consumers all over the world recoup millions of dollars. https://limefx.vip/ In addition, always consider overnight or swap charges as trading costs, since there is a fee in case you holding open positions overnight. Leverage is a quite known instrument, which obviously increases the initial capital you trading with and can be a very useful tool to magnify your potential gains, but in case you use it smartly. However, always note that high leverage can work in reverse too.
What leverage does ATCBrokers offer?
Yet, it is fact LimeFX does not provide comprehensive educational service, which is crucial for beginning traders, but is a broker designed for professional trading. LimeFX requires a minimum deposit of 5000 GBP/USD when opening an LimeFX trading account. Whilst we appreciate comments and feedback to improve our operations, we do not appreciate misleading and false information made to the public due to the lack of knowledge from the end user. This particular post is far from the truth, as anyone who has established a relationship with our firm can attest that we want our clients to succeed. As we are not a market maker, like most brokers in the industry, we earn our revenue from commissions. The more a client trades with our firm, the more revenue we generate.
LimeFX offers a fairly comprehensive customer support service, available 24/5 across several channels. LimeFX open account holders have the option to get in touch by phone, email or via the webchat function, the latter is manned by staff rather than bots and becomes an email form outside of business hours. All of the contact options are easily found under the “Help Center”. Alternatively, for less urgent or more general queries, the site offers a detailed FAQ section, which deals with queries relating to accounts, the platform and trading in general. Thanks to its streamlined offering, the LimeFX USA website is well laid out and easy to navigate.
It’s been pointed out in suits against forex brokers during the past as a very unscrupulous practice. And where are most of the so-called “government regulatory agencies” on this issue? Correcting this matter of wrong Market Watch time is a simple adjustment to their MT4 server when the market is closed during the weekend. The cost of trading with LimeFX is significantly lower than most other platforms. As previously noted, the minimum deposit required to open an account is $2,000, which our LimeFX review found to be quite high.
User Reviews
However, the existing format has been augmented with MT4 Pro, a plugin developed in-house by LimeFX which expands upon the existing MetaQuotes Software. Whilst there are some mixed LimeFX opinions on the web, the platform benefits from some fairly robust regulation and offers a good selection of tools and features. The aim of this LimeFX review is to take an in-depth look at the platform and assess everything from its trustworthiness to the usability of its trading platform.
One of the most prevalent online trading scams is to initially display profitable trades that give the investor a false sense of confidence, and get them hooked to the idea of ‘easy money’. Once this confidence is established, the investor will be marketed the idea of investing more money to earn greater returns. Additionally, other incentives may also be provided to encourage the investor to get their friends and family onboard the platform too. A complete waste of time setting an account up with them, I was trading 2,000,000 USD in volume every week with them, I can’t imagine how their treat normal retail traders.
Operating out of California, LimeFX USA has built a reputation for its focused offering and is quick to laud its transparency and unbiased market service. LimeFX is a foreign exchange trading brokerage company that provides online trading solutions for retail and institutional clients in the forex trading industry. LimeFX was launched in 2005, headquartered in London, UK, authorized and regulated by the Financial Conduct Authority . This broker also has an additional entity based in the Cayman Islands which is regulated by the Cayman Islands Monetary Authority . LimeFX follows an STP model, offering forex and CFDs instruments. LimeFX has only one trading account to the worlds’ financial markets FX, Metals and CFDs.
It has been covered in ALL forex books I’ve read over the last 12 years. Our mission is to provide online investors with the most unbiased, comprehensive reviews and ratings of self-directed brokers. Vetted by multiple industry experts – including a financial research firm with more than 20 years of experience in broker ratings – Our Broker Ratings and Reviews embody industry best practices for research design.
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