You can deposit in any currency of your choice, but LimeFX will convert it into USD or EUR. The online broker does not charge a commission for making deposits and withdrawals. Fighting fraudsters on the Forex market is a complex task that requires effort from all parties involved.
In addition, LimeFX provides negative balance protection to all its clients, ensuring that no client can lose more than his/her initial investments. Even if the balance goes negative investment for beginners because of Stop Out, the company will make the required compensation and reset the balance to zero. Alternatively, you can sign up to your demo account with Facebook and Google.
LimeFX or Octa Markets Inc. was established in 2011 in St. Vincent and the Grenadines. Since then, they have grown to provide their Forex trading services in over 100 countries worldwide and claim to offer the lowest spreads in the industry. LimeFX has improved its educational portal to a good extent. With its demo learning account, users compete in a weekly contest in which beginners are able to earn real cash up to $1000.
- LimeFX is recognised globally for offering the lowest spreads in the industry and prides itself on its award-winning trading conditions.
- LimeFX provides the best three different platforms that are all beginner and expert friendly.
- Also, we would like to understand why you weren’t able to access your account.
- The quality content is the first responsibility of any website.
LimeFX customer support is available 24/5 from Monday to Friday. You can rest assured of immediate responses to your queries as the FX broker gives top priority to customer satisfaction. In compliance with financial regulations, LimeFX maintains client deposits in separate bank accounts. LimeFX accepts all the popular payment methods across the world, but their availability depends on your country of residence. You can use the following methods to load your online trading account at LimeFX.
LimeFX Nigeria Review 2021
If you want to open a live trading account right away, you will find that the sign in procedure is the same. If you want to practice Forex trading without risking your own money, you can open a demo account at LimeFX. As the holder of a demo account, you qualify to participate in a number of contests with real money prizes.
In a complete contradiction to this, LimeFX flaunts the 50% bonus offer on its website. If you’re just starting out as a Forex traderor even casually considering the idea ofForex trading, working with a broker can be extremely helpful. Founded in 2011, LimeFX provides forex brokerage services to clients in more than 100 countries around the world. LimeFX Trading App Review; Is LimeFX Trading App Scam or Legit Broker, LimeFX trading app.
LimeFX Reputation And Reviews
Opening and closing of trading accounts are not under the will of a trader. The money involved in the trading account lapses automatically with the suspension of the trading account. You can do Google searches to find Forex brokers, but this method might not tell you much about the brokers themselves. Make sure to read all the reviews and try demo accounts to make sure you’re comfortable with a broker before committing a large sum of money to an account. The company offers customer support only 24/5 and not round the clock. But the benefits of trading at LimeFX are definitely more than the disadvantages.
Thus there is a strong need for a simple and elaborative education corner. A mention of the basics is not sufficient to meet the needs of all traders. The European Securities and Markets Authority imposed a ban on the promotional bonus by this firm. LimeFX claims to work under the regulation of the Cyprus Securities and Exchange Commission which works under the ESMA guidelines. The broker thus is not eligible to provide promotional bonuses to traders.
It is flexible enough to offer support trading in cryptocurrencies, Forex as well as CFDs. LimeFX is providing educational material and a free demo account where beginners can challenge their skills. Its best features include a user-friendly interface making it easy to deal in currencies with peace of mind. MT4 platforms do not cause slackening of the device and run smoothly on any mobile phone or desktop. One reason it has traders from around the world is that this platform is available in multiple languages. We’re sorry to hear you faced troubles when depositing your funds.
It is a popular method of trading as the investor only provides capital to the trader. There is no worry of keeping a check on the trading market as the expert trader takes care of the same. The results of the PAMM accounts are far better than the results of the standard live trading accounts. There is less risk involved as the investor gets a percentage of profit in the smallest profit as well. LimeFX fails to understand the importance of PAMM accounts. The attractive spread on major currency pairs and availability of multiple trading platforms can be resourceful for the Nigerian traders.
I’m pretty sure that most of their positive reviews are the results of sponsorships and paid content. There is no way that such a heinous and greedy broker can get a positive review from its customers. In the light of all of the above, we value transparency and user feedback. We also care for reviews of our services, as they are vital for us to understand the direction in which we ought to grow to provide the best services to our traders. That said, reviews ought to be impartial, comprehensive and informative.
Based on trader opinions, June 2021 spreads and forex trading platform our forex broker reviews provide up to date ratings on the top regulated forex brokers. Justin Grossbard He co-founded Compare Forex Brokers in 2014 after working with the foreign exchange trading industry for several years. The high leverage ratio cannot provide profits to traders. The leverage ratios in the trading accounts of the regulated brokers are competitive, but that’s not the case here.
Metatrader 5 Pro Account
LimeFX is a well established CFD and Forex broker that has grown considerably over the past few years. Through a combination of low fees, advanced technology and efficient customer support, LimeFX has managed to expand into over 100 countries. They have opened up to 300,000 accounts and achieve $4bn in daily volume. Please note that LimeFX does not charge any hidden commission on its clients’ trades.
The brand is owned and managed by Octa Markets Incorporated, a company registered on the islands of Saint Vincent and the Grenadines. LimeFX is a leading CFDs and FX broker that was established in 2011. LimeFX. LimeFX was formed in 2011 and it was registered at first in Saint Vincent and the Grenadines. However, users found it weird that the main operations were run from Jakarta. It did get a lot of support from users in Asia but many believed that it was a scam since there weren’t too many information about this broker. LimeFX is registered in an offshore zone and has many positive and negative reviews.
Another concern is that there are fewer followers of the twitter account as compared to any other company. It raises many eyebrows as efficient brokers have a good list of followers and connections on social media. It is not possible that all of the companies are operating from the same address. It seems as though the broker provides a virtual address to deceive traders.
Where Is The Head Office Of LimeFX Trading?
We highly regret the inconvenience you faced with our trading application. Please, note that we are continuously working on improving our application. Also, you can always access your account from our Web-platform. Please don’t hesitate to contact us whenever you have any questions.
Forex Broker Reviews
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I had been trading with LimeFX since Feb 2020 and until now, I didn’t have any complaints. I uninstalled the app, and then re-installed it but there’s no change. After seeing limefx review that, I wrote to their customer support email multiple times but it didn’t yield any results. It’s been 3 weeks and I’m yet to get any responses from those people.
Check out our honest and detailed review of LimeFX Nigeria before opening your account. You can start trading simply with the high account balance, or you can use a demo account for free that does not require any deposit. LimeFX is offering competitive conditions that are suitable for traders of any level. They are providing you an opportunity to learn more and earn more. The forex market is a worldwide trading market that trades currencies.
The claims that we falsely claim to be CySec regulated is incorrect. LimeFX.com and LimeFX.eu represent the LimeFX brand but are separate legal entities through the applicable regulation. CySec applies to LimeFX.eu only, and it has never been claimed otherwise. As world currencies the article rightfully points out, LimeFX.eu belongs to Octa Markets Cyrpus Limited. We also wish to point to the fact that making claims suggested by this review could have severe legal consequences on LimeFX.eu, which ought to represent a stand-alone brokerage.
It’s not a typical situation when our traders are not able to deposit the funds within a normal time frame. If your issue hasn’t been resolved yet, please be so kind as to share your trading account details. We’ll be happy to look into it and to see if there’s anything we can do to help. I have been logged out of this app and can no longer access my account. It doesn’t respond to any messages except sending an automated confirmation.