LimeFxFX Nigeria Review 2023 Is it a Legitimate Broker or a Scam?

I feel that the platforms should have more than enough tools for most of you to get by. You can also find loads more of free and paid add-ons to further enhance their capabilities. There are programming interfaces if you wish to build your own tools or you could hire someone to do it for you if your coding skills are limited. That being said, it is nice to see that LimeFxFX have a good selection of useful trading tools that can be used for trading signals, market analysis and risk management.

It is important to check the regulations and protection while trading online. The safety of your deposited funds largely depends on the regulatory compliance of the broker. LimeFxFX acts in full compliance with international legislation and regulation standards and guarantees fund security and negative balance protection to their clients. LimeFxFX makes use of segregated accounts to protect their clients’ funds coupled with negative balance protection.

• Traders can either make a direct deposit or transfer funds from their trading account.
• It is important to be aware of the potential for loss and to only invest what you can afford to lose.
• There is some loss in functionality when compared to the desktop versions of these trading platforms, including reduced timeframes and fewer charting options.
• To bring transparency to the forefront, we have published our review process.

Note that traders can only trade on 74 of LimeFxFX’s 230 instruments on the MT4 Account, but the full range of instruments is available on the MT5 Account. The broker holds regulatory licenses in Europe through its LimeFx Markets Cyprus Ltd,  Cyprus-based entity, regulated by the Cyprus Securities and Exchange Commission (CySEC). Your account’s functionality will be limited until you complete this process. Once your LimeFxFX account is up, you’re able to start trading on the platform. LimeFxFX has floating spreads that fluctuate with market conditions.

Withdrawal Fees

If you want to start copying traders on the platfom then you will first need to create a live account. Once you have your account up and running you can head to the leaderboard and choose the masters that you would like to copy. LimeFxFX also provides a FAQ section where you can get some of the most relevant account questions. However, given how quick and effective their customer support or chat functions are, you are probably best just reaching out to them off the bat.

• According to our review, the MT5 trading account is a better choice for those who use advanced trading strategies.
• The flexibility of MT4 and MT5 accounts allows traders to choose their deposit amount and leverage, resulting in a more realistic demo experience.
• You do not have to be a forex expert to make money with LimeFxFX.
• Despite the fact that the broker has a YouTube channel and a blog, you may be left unsatisfied.

Whenever you make deposits into your LimeFxFX live account, you are given a certain deposit bonus; these bonuses are meant to give you extra power to make trades. Additionally, trading accounts can be opened in USD and EUR as well. With LimeFxFX, users can avail CFDs of the ten most promising indices. The CFDs at LimeFxFX currently include markets such as NASDAQ, Dow Jones, and Euro Stoxx 50, to name a few. The CFDs are issued by a host of prominent stock market companies.

IC Markets

LimeFxFX can be chosen to trade CFDs in Malaysia but the clients are registered under offshore regulation. The third-party risk of choosing LimeFxFX in Malaysia is higher than all the top-tier regulated CFD brokers in limefx website Malaysia. LimeFxFX offers traders 50% bonus promotions on each deposit no less than 50 USD they initiate. To withdraw this bonus, a trader needs to trade (bonus amount)/2 (bonus amount divided by two) standard lots.

Losses can exceed deposits
You should consider whether you can afford to take the high risk of losing your money. As part of our LimeFxFX review, we review customer service options, response times and problem resolution effectiveness on the LimeFxFX trading platform. The LimeFxFX trading platform supports a limited number of languages which includes English. Trading CFD trades on the LimeFxFX platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Is my money safe with LimeFxFX?

Each of these platforms runs on Windows, iOS, and Android, so no matter which device you trade from, you’re free to use the platform you like the best. LimeFxFX only have a spread-only account meaning no commissions are charged in addition to the spread. LimeFxFX has a rating of 2.31 stars from 16 reviews, indicating that most customers are generally dissatisfied with their purchases. Other notable tools include widgets that clearly display live quotes, interest rates and national holidays. Overall, the broker has plenty of tools for everyone to see some benefit.

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In this LimeFxFX review we will take an in-depth look into this broker by delving into their tech, fees, regulation and reputation. We will also give you some top tips in order to make the most of your experience on their platforms. The minimum deposit depends on the account type, however the lowest minimum deposit accessible is $25. Should you need it though, the customer service team is available through live chat, phone, and email to deal efficiently with any problems that may arise. The LimeFxFX Champion offer is a contest run by the broker whereby you can open a demo account and trade for 4 weeks.

We request you to please share your trading account number so that we can investigate the matter for you. For further queries, please contact us via live chat or email (). LimeFxFX is best suited for both beginner and intermediate traders due to its easy-to-use platform, educational resources, and low minimum deposit requirement. The broker provides comprehensive trading tools and features that traders can leverage to optimize their trading strategies.

Dear Ryan P,

We apologise for not being able to respond to you earlier. Please note that LimeFx is a global Forex broker providing its services in 150+ countries for over 11 years. We comply with international standards and regulations, ensuring that our clients get a safe platform where their funds are secure. At LimeFx, we prioritize the well-being and satisfaction of our clients.

LimeFxFX Trading Platform Options

This means that if you are from one of these regions then you will have to find an alternative broker such as Pepperstone. There is also a video that will walk you through your account section and help you locate important functions. These videos appear to be well produced and easy enough to follow. Most of these resources are actually available free of charge on their website and can be viewed by you right now. This will give you a good grasp of the trading concepts before you dive in with an account. This is an interesting concept that has been used by other European brokers.

I would say this is a good stock trading platform for those of you who are looking for something more than just forex. MT5 is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). Finally, https://limefx.vip/ LimeFxFX offers free educational resources such as articles and video tutorials. For more experienced traders, LimeFxFX provides advanced analytical tools, including charting capabilities and various technical indicators.

Between 74-89% of retail investor accounts lose money when trading CFDs. It is important to note that LimeFxFX may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the LimeFxFX platform and features immediately. However, you must pass the verification process to start live trading with LimeFxFX, which can take up to a few business days. It’s essential to take the time to learn about the financial markets and understand how they move before diving into trading with LimeFxFX. Familiarizing yourself with the LimeFxFX trading platform is crucial to use it effectively.