Established in 2017, Global.LimeFx is a brokerage that has become pretty popular on the internet. On the one hand, people point to the broker’s fraudulence and advise other traders not to do business with it. On the other hand, we also saw lots of positive reviews that praise Global.LimeFx’s website and software supports, legal materials, and trading terms and conditions. This is the reason why they received a Reputation score of 18/20. This is a tad higher than the requirements of most forex brokers today but this minor disadvantage is covered by the benefits that they offer.
It is, of course, always possible that your bank, card company, or e-wallet facility will charge a transfer fee, so be aware of this when choosing the best method of deposit and withdrawal for you. There is a dedicated mobile app for both Android and iOS devices, available free from the Apple app store or Google Play. It is also possible to use the award-winning MetaTrader 4 platform with LimeFx, so if you’re using MT4 with another broker, there’s no need to learn new software. MT4 software can be easily downloaded for PC or Mac, and comes with a range of useful technical indicators and charting tools. All customers at Global.LimeFx have a choice of any of the three available platforms. Those who regularly trade on the go from a mobile device and at home via their desktop will find the browser-based WebTrader particularly appealing.
Withdrawals only encounter a EUR 50 fee from Global.LimeFx in certain circumstances of account inactivity or a withdrawal request that numbers less EUR 100. Additionally, banks that use intermediary banks to process wire transfers on behalf of clients might assess a fee to be handled directly by the client and not Global.LimeFx. The EUR/USD currency pair is the best indicator for a broker’s spreads in general. With a Silver account, the EUR/USD spread is 2.2 pips, which is absurdly high.
LimeFx
It should be noted some banks use intermediary banks that charge fees, which is the client’s responsibility. LimeFx operates through two main locations and entities which fall under the particular registrations and regulations. Hoch Capital Ltd is regulated by the Cyprus Securities and Exchange Commission while is governed by necessary regulatory requirements under for the provision of LimeFx services within EEA zone and beyond. Brokers Complaint is one of the best recovery agencies specializing in Lost Cryptocurrency funds recovery. We also help victims of Forex frauds, Binary frauds, LimeFx scams, Pension frauds and many other types of scams.
- Support can be contacted from Monday through Friday, 7 am to 7 pm GMT, but many brokers do offer 24/7 support.
- Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money.
- Speaking of deposits, there is a diverse platform of financial mechanisms used for payments.
A Scotia iTrade brokerage account offers do-it-yourself investors access to various LimeFx accounts, products, and trading platforms. There is a broad diversity in terms of trading instruments since clients can trade many contracts based on cryptocurrencies, alongside forex, indices, commodities, and shares. LimeFx did not manage to update its offer but had managed to included cryptocurrencies, probably because many traders lose money. According to the latest figures, 82.8% of its clients lose money, which is high as compared to other brokers. CFDs on Commodities, Indices with leading indices from Europe, the US and Far East markets.
Like all major brokers these days, LimeFx caters to the changing needs and expectations of traders. This is partly because we operate so much on the move these days that everything is done via a mobile format. Once you are sure that a company is trusted, the next logical step is to take a look at its offer and trading conditions. So, even though Global.LimeFx doesn’t provide service to the citizens of some countries, including the US and Canada, we still don’t think that it’s because of the broker’s fraudulence.
Is LimeFx Safe? 🛡
ETrade offers three trading platforms, which are free and accessible to all its customers. These brokers help you to reinvest your dividend income without any fees or commissions. They offer dividend reinvesting not only from stocks but also from a plethora of other LimeFx options limefx review like mutual funds, ETFs, etc. in the luxury of one account. In terms of features, mentions about news alerts, free VPS, account manager, or swap discounts are being mentioned. At first glance, there is little difference between silver and gold accounts in terms of services .
We feel our Global.LimeFx brokerage review has shown that this is a versatile and reliable broker, with a lot of pros and a few cons, as can always be expected. They offer a range of accounts types, Islamic accounts, a demo account, and the popular MT4 platform. Mobile trading is high quality, the customer support is helpful and responsive, and we were impressed with both the quality and quantity of educational resources on offer. Some cons include the limitations on the demo account , customer support that is not available round the clock, and the lack of perks and bonuses for standard account holders.
Main Features
No mention is made, on their website, about how they are transferred to clients; this represents a significant oversight. Swap rates are noted, and it is therefore expected that positive as well as negative swap rates are passed onto traders. Broker has been operating since 2012, but it has not received many industry awards to date.
As for the trading costs, LimeFx does not charge the commission, instead, all executions are subject to the variable spread, that varies according to the account too, see a comparison between accounts below. In addition, the platinum account holders also can enjoy Free VPS, Dedicated Account Manager, News Alerts and discount on Swap or rollover rates, see example below. LimeFx offers three different account types Silver, Gold and Platinum that are diversified by their offering limefx website according to the trader’s type and the size of operations. Moreover, the Islamic Account for the traders that follow Sharia rules is available upon request too. Brokers Complaint is always trying to find different scam brokers present in the market as well as the new emerging scam brokers to warn traders. Through LimeFx review our aim is to warn traders not to trade with this broker because this broker is suspected to be a scam according to the research done by our team.
There are over 160 tradable assets and this includes the most commonly traded currencies, commodities, indices and stocks. These are diverse enough and for this reason I am giving them a Tradable assets score of 4/5. LimeFx offers floating spreads, which usually start from 0.03 pips, depending on the instruments traded. When trading Foreign Exchange & CFD’s as with any financial assets, there is a possibility that you may sustain a partial or total loss of your LimeFx funds when trading. These educational tools range from the very fundamentals of Forex trading to more advanced Webinars and courses, which can also be of use to intermediate traders.
Global.LimeFx also caters to Muslim traders by offering Islamic swap-free accounts. Active traders get a discount of $5 per trade for equities and options ($4.95 vs. $9.99). The $25 quarterly low activity fee is waived for clients under age 26. Scotia iTrade clients have access to several trading platforms and research tools. The mobile trading platform is a better option if you select Vanguard.
Registration is easy, and Spreads and leverage vary by account class, asset type and client classification . Spreads and leverage vary by account class and by asset type, as well, all will be provided with a dedicated account manager to give you the inside track with Global LimeFx’s offering. Getting in touch with LimeFx’s support is possible via phone, fax, email, remote access via downloadable software called TeamViewer and the instant messaging platform WhatsApp.
During the board meeting on July 6th, 2020, CySEC approved the broker’s request to renounce their Cyprus LimeFx Firm authorization. Rather than implement the changes necessary to meet CySEC regulations, the broker decided to abandon their CySEC registration. The other two companies, Rodeler Ltd and LimeFx parent company Hoch Capital Ltd, did not implement corrective measures. Instead, both companies renounced their CySEC authorization licenses.
LimeFx Accounts
The Webtrader platform can be accessed directly from any web browser while the Metatrader 4 needs to be installed on a PC. They also have applications that can be installed on iOS and Android mobile operating systems. Because of the comfortable trading experience, I am giving them a Platform score of 9/10. LimeFx offers a wide selection of instruments across forex, indices, stocks, commodities and CFDs. Forex analysis is used by retail forex day traders to determine to buy or sell decisions on currency pairs. These can be technical in nature, using resources such as charting tools.
Decent customer support should also mean queries are handled quickly and properly resolved. The statement further cited a provision on assessing the suitability of individual financial instruments for specific clients. This was likely about LimeFx’s and the https://limefx.group/ other brokers’ reported marketing of complex CFDs to amateur traders. Their statement further read that the brokers did not appear to assess financial instruments’ compatibility with their clients’ needs, likely referring to CFDs offered to novice traders.
However turned out they’re pretty good, your money is definitely safe. The broker dude that I got said he was 40-something and experienced, he would call me on a daily basis and would provide information and orientation. He kept going on about having 200k investors and how I was wasting his time when I complained about a little communication problem we had. Anywho I lost all my capital when he advised me to open 7 moves on a Thursday. I told him the numbers were waaaay too big and red and that maybe I should close some and take the loss but he advised me against this because the market would “reverse”. Established in 2012, LimeFx is an online brokerage company that specializes in offering financial services in the FX and CFD arena.
Smart traders always verify that the broker they are going to invest with, is also licensed in their local country. Their agents/brokers make false promises that you can earn lots of money within a short period of time. I had invested a fairly big amount of money in this company four years ago and am still waiting to get my money back, not to mention the profit.
