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As such, a broker needs to be safe if they want to compete with the top dogs on the market. That includes safety from outside threats and proof of their proper functioning. The broker provides users with both, as we’ll elaborate later in our limefx review. I opened a Classica trading account with this broker.
Where is limefx based?
limefx is a brand name of Mount Nico Corp Ltd and is based in Cyprus. The company is regulated by the Cyprus Securities and Exchange Commission (CySEC) and primarily offers services within the European Economic Area and Switzerland.
He can inflict huge losses on his clients and therefore, in our opinion, is a potential scammer. 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.
Please rate this Forex Broker
Scam reports have surged over the past year, with claims of account managers asking for more deposits before honoring withdrawal requests. Take advantage of the world’s number 1 trading platform. User-friendly interface, advanced tools and trade from your desktop. limefx broker reviews This is why it is important to learn more about Procloudoptions Online before opening an account and sending money or submitting any documents. Use this review to guide your trading decisions and also do your due diligence on Procloudoptions Online.
The average spread during the most liquid trading time was 4 pips for the EUR/USD. Manipulated swap rates via internal mark-ups, unsuitable for leveraged https://limefx.club/ trading. Get your hands on our customized MT4 with the comfort of freely trading on the move, to experience truly liberating trading sessions.
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I should say that at first I didn’t put much value on this brokerage service. I simply had extra money and wanted to open one more account just to diversify my capital. Once my test is over, I can focus on my trading.
Is limefx a good broker?
Conclusion. Overall, limefx can be summarised as a credible and trustworthy broker and is considered low-risk with competitive trading fees and spreads. limefx offers secure trading, MetaTrader 4, and access to a good variety of assets, including cryptocurrencies.
Withdrawals must be made via the same method used to deposit. The minimum withdrawal amounts are 100 EUR/USD/GBP for bank wire and 10 EUR/USD/GBP for cards. There is no minimum withdrawal for e-wallets, though it must cover the transfer cost.
How to Report a Scam and Return your funds?
As a regulated broker we are committed to providing the highest level of service to our customers. We recommend you at least consider trading using our platform and systems for a short period of time before making a decision. We would be happy to assist limefx forex brokers reviews you with anything you might need. I have traded with this broker since earlier this year and so far I am happy with the services. I get profitable and accurate signals and got no problem with any of their services. Easy and smooth withdrawal process.
Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site. Leverage remains fixed for all account types, without the necessary risk management tools for active traders with higher deposits.
Is limefx trustworthy?
Traders will be redirected to a page where they will be offered a choice to sign up for a demo account through their platform, the broker’s proprietary trading platform. No, limefx does not offer a free demo trading account for beginner traders to train on. Some brokers may offer a wide variety of trading products, while other brokers may specialize in one area, such as foreign exchange. In our broker review, we discussed trading products such as stocks, commodities, ETFs, foreign exchange, options, CFDs, bonds, indices, and cryptocurrencies. Traders should trade with well-regulated brokers like UK or Australia brokers and reputable brokers. We advise all investors and traders to avoid limefx INT and other Vanuatu brokers.
- Bitcoin Up has great reviews all over the web and is widely reviewed by leading crypto sites.
- That stops them from getting ahead of themselves and ensures that those who can maximize risk are aware of what they’re doing.
- As most traders are aware, a lot of brokers omit significant information from their websites.
- The Forex broker does not have a compulsory FCA license to do this.
- I get a really remarkable trading experience from this broker.
The broker offers forex and CFDs trading in over 300 global instruments, including stock, commodities, and crypto. Moreover, the broker offers both automated and manual trading. Manual trading happens through the MT4 and is best suited for spot forex trading. limefx offers unlimited MT4 demo accounts. It presents traders with an ideal environment to test EAs and new strategies.
Thank you so much for taking the time to share your feedback. Other charges include swap fees, which is the interest added or deducted when a position is held overnight. Theres also a 10 USD/EUR/GBP monthly maintenance fee, as well as an 80 USD/EUR/GBP inactivity fee if an account is left dormant for over 2 months.
- It seems like CFDs attract most scam brokers, so it’s crucial to be extra careful.
- So, I expect from a broker not to prevent me from trading as I wish.
- The charting and analytical tools allow traders to develop a better understanding of the markets and their positions.
- limefx was identified to be operating under questionable and unethical methods due to their regulatory status and suspicious terms of service.
- Their market summary section has many trading signals on forex pairs.