Is LimeFx a Scam? Read This Brutally Honest Review

LimeFx bank offers a JForex web platform that is designed for immediate market access which has similar trading features just like the JForex desktop platform; with slight differences in the platform. After opening the account, the users should choose the amount they would like to deposit and the type of account they need to start trading. It offers individual accounts, joint accounts, limefx scam or corporate accounts. Opening an account with LimeFx is very easy, and the trader can open an account with the minimum deposit of $1000, while the LimeFx European account requires as low as $100 as a minimum deposit. Trading fees and commissions charged by this broker are very competitive. Fees vary, depending on the trade volume and the financial instrument being traded.

In general, this website is not intended to solicit visitors to engage in trading activities. Leveraged margin trading and binary options entail a high risk of losing money rapidly. Execution of trade orders, deposit and instant withdrawal of fund on request with amazing online banking. Offers ECN Forex trading and CFD trading to private individuals and institutional clients. The difference between opening an account with LimeFx Europe instead of opening an account with LimeFx Bank is that the whole process is faster and easier.

I have to admit that the entire website is kind of hard to navigate but this is mostly due to the huge amount of information available. It is well structured but it will take you a while to find what you are looking for. The platform is more difficult to use than a regular binary options platform, especially for a green trader. The website is offered in 13 languages, mobile platforms and demo accounts are available. U.S., Belgian, Israeli, and Canadian clients are not accepted.

Additionally, charts, news, LimeFx sentiment indicators, and many other research tools can also be accessed via the app. The auto-trader feature is available for the desktop version only. Finally, this broker also supports Meta Trader 4, which is a popular third-party trading platform.

The bank block my cards after I ordered and paid for it, the client service listen to to you and do the opposite. I just escape the russian dictatorship so LimeFx bank doing great job to help to punish those who flee tyrant. The minimum deposit for the Swiss-based division of LimeFx requires $1000, while European based subsidiary needs a minimum deposit of $100. After the verification process, an account is opened, and the trader can start with live trading. It offers more than 750 tradable instruments, which include binary options, CFDs, and Forex.

Types of LimeFx Trading Platforms

Fees for deposit transfers run 1% to 2% of the base currency. Gold Accounts – LimeFx Bank clients can deposit physical gold if they choose. There is no cost to open the account but LimeFx charges a 1% annual maintenance fee for custodial services. Its a clean, intuitive platform that makes trading binary options a user-friendly experience. LimeFx platform is intuitive, making trading in binary options a very user-friendly experience. Some of the LimeFx trading orders include stop loss and take profit orders.

We have not been able to find any fault in the execution of the stop-loss order in question. Please clarify your complaint if you disagree with our investigation results. Because if this kind of issue was not corrected, means that is intentional.

JForex Web Platform

Please read LimeFx Reviews below and share live trading experiences with this broker. And yet, is LimeFx a scam or a decent company you can trust? We will answer this question in the detailed review of the broker. Tradersunion.com needs to review the security of your connection before proceeding.

Importantly for me, it is possible to hedge, i.e. to have a short and a long position on the same instrument simultaneously. Also, it keeps entries separate (some brokers tend to average them and treat as one. I would like to thank the designers and programmers of this great program, the only problem that bothered me is that it was a demo for 14 days. Given that the 5k minimum was one of your major criticisms, maybe you should revise this review.

LimeFx Awards

The Bonus goes up to 100% but you can withdraw at any time before the 40 times turnover is reached . LimeFx is a long-time leader of the online trading industry, offering FX, CFD, and Binary Options on different trading platforms. The owning entity is LimeFx Bank SA and it’s very important to note that we are dealing with a Swiss Bank, regulated by FINMA . The Swiss banking system is known to be the most solid in the world, so dealing with LimeFx should be way safer than dealing with any CySEC regulated brokerage.

Support is quick to answer and helpful; you won’t get any pressure from them to deposit and the information given is accurate. The effective return ranges from 70% to 90% and the client has the opportunity to choose a lower payout in exchange for a higher refund, which makes for a great risk management tool. I understand the trading contest, but the beauty pageant, not so much. Other than that, we can mention that LimeFx launched a crypto coin called Dukascoin. LimeFx Europe is one safe place to trade the Forex market.

FX trading can yield high profits but is also a very risky endeavor. External Service Providers – Businesses and institutions that are not engaged in FX/CFD brokering may partner with LimeFx. The partnership allows the External Service Provider to offer LimeFx services alongside their own and earn commissions on qualified trading. Credit/Debit Cards – Deposits made by CC or DC are instantly providing certain conditions are met. The name on the card must match the name on the account and deposits cannot exceed $10,000 USD. LimeFx does not charge a fee for deposit but the bank’s processing partner will.

Also they have high fees in all transactions, even their card has $2 monthly fees. Every transaction takes a very long time to be approved manually by a bank employee. I opened my account on 2020 and My account limit has been reduced from 2000$ to 200$ per quarter.

• Contact us directly for further inquiries about our products and services.
• Wire transfers – LimeFx usually receives wire transfers within 2 days of issuance.
• One-click trading is available and users benefit from predetermined payouts and risks.

It is impossible to be verified — they refer to the internal company policy, which is not disclosed, and personal data is used for unknown purposes. It goes against our guidelines to offer incentives for reviews. We use dedicated people and clever technology to safeguard our platform. For 3 months I tried to received an incoming transference from a client, and they keep rejecting saying that more information is needed, but not replying a single email.

Before trading, you should be aware of the various risks involved and only trade what you can afford to lose. Clients who are trading on the platform are very welcome to share their trading experience with their friends and family and they can invite them to do the trading with this broker. If a trader refers to a friend, they enjoy a 100% discount for their future trading activities and commissions. The minimum amount to deposit for LimeFx European clients is $100, and it offers few deposit options like bank transfer, Skrill, Neteller, and several more.

Fees, Costs & Spreads

These demo accounts are available for 14 days, but you can also request for unlimited period of usage. LimeFx offers an excellent trading asset choice, including currency pairs, equity, commodities, binary options, index, ETFs, bonds, and cryptocurrencies. It offers several currency pairs, commodities, equities, Index CFDs, and several more. This broker offers robust charting facilities with several customizable settings and alerts that can be easily added to the screen. The chatting facilities can be operated seamlessly; it also offers technical indicators for trading and mobile trading for its traders. LimeFx is not the only online brokerage firm out there, as there is a large number of trading platforms available.

LimeFx Forex broker is well-known as one of the biggest retail trading unities in the entire world. It is a highly appreciated broker in several countries, including its home country, Switzerland, as well as a much recommended alternative for advanced traders and beginners in the field. The trading platform is one of the oldest ECNs available in Forex market and, meanwhile, it also offers institutional services, too.

Firstly, you can contact the LimeFx team in one of 12 international languages. In terms of channels the support team at LimeFx can be contacted in one of 3 ways; telephone email and live chat. For the quickest response times, we’ve recommended using the https://limefx.vip/ live chat, which you can video via the icon at the bottom right of the page. The email is, perhaps naturally, the slowest channel and can be reached via the contact form on the website. Fees provide a small negative in this section of our LimeFx Review.

Unable to withdraw

Alternatively, you may want to contact your receiving bank asking for more details. LimeFx features live economic news calendar, news stream by MarketPulse and Reuters, SWFX Sentiment Index, and a host of other tools for traders. However, there are negative user reviews, which mainly relate to problems with the terminal , a long verification procedure, and a long withdrawal of funds. At the same time there is an agent working on behalf of the organization on the forums in order to minimize the negative and to resolve the customers’ questions. All trading related information on the LimeFx website is not intended to solicit residents of Belgium, Israel, Russian Federation, Canada (including Québec) and the UK.

A Bank Guarantee can be issued for several accounts if they are under the same name. LimeFx Europe accepts bank guarantees for deposits starting from 250,000 USD. LimeFx offers traders an equity bonus, a volume discount program, an experience sharing incentive, and an anniversary bonus.

LimeFx accepts payments via credit/debit cards, credit/debit cards and e-wallets. Additionally, they also accept bank guarantees for deposits over $100,000. In terms of security, the documentation and verification process is very thorough and can be lengthy.