As LimeFX is a CFD broker, you will be trading on margin and using leverage. This will mean that although your gains will be higher, unfortunately your losses will be too, due to the leverage. The broker is required to contribute towards a shared investor protection fund. This fund will be there to protect all accounts that hold $20,000 or more in the event of insolvency. This is regulated by the concerned authority in Cyprus, the Cyprus Securities and Exchange Commission (CySec).
Reviews
- It should be noted that traders in the U.S. are restricted from opening an account with LimeFX due to strict U.S. regulations enforced by the CFTC and NFA.
- LimeFX aim to minimise trading costs with 97.5% of orders executed without slippage through the STP (Straight Through Processing) and ECN (Electronic Communications Network) models implemented.
- Founded in 2011, LimeFX holds a regulatory license in Europe via its Cyprus-based entity – LimeFX Markets Cyprus Ltd – which is regulated by the Cyprus Securities and Exchange Commission (CySEC).
- Firms must comply with a number of rules on how they can advertise services to customers.
- These include all the most common cryptocurrencies, but looking at the live quotes, they were wide, we’re not sure we’d ever want to trade crypto on this platform.
A trader working with a broker entity regulated offshore would not necessarily have these benefits. The proprietary cTrader app is easy to use, robust and well set out to assist mobile trade execution. Whilst it does allow users to keep on top of administrative tasks such as withdrawing and depositing funds it has the feeling of something that in limefx review essence was designed to help traders trade. Founded in 2011 and taking advantage of being something of a second-generation broker, LimeFX provides a user-friendly and distinctive approach to trading the financial markets.
In case you don’t, please feel free to contact us via Our dedicated 24/7 support team is available in English, Indonesian, Malay, and more. When choosing a broker, regulation is one of the first things that I look for. I would always prefer to trade with a regulated broker as it gives me the peace of mind that they will operate in an honest manner and can be trusted with my funds.
Fast withdrawal without fee charges
Although LimeFX is regulated by just 2 regulatory bodies, it does business in multiple jurisdictions worldwide. It prioritizes its clients’ account safety by keeping clients’ funds in segregated bank accounts. LimeFX employs state-of-the-art technology and advanced security protocols, which includes SSL web encryption and two-step authentication to protect clients’ confidential data. The custom-built LimeFX mobile trading app features a simple yet functional user interface.
MetaTrader 4
It is rare to find a company with such a commitment towards its customer relations when many firms are accused of being purely for profit. LimeFX has a reputation for being proactive in satisfying customer issues by limefx scammers coming to a reasonable solution. Although all of the above will work to help protect your funds, issues do still arise. Should any arise for you then you can feel safe in the knowledge that you can go to CySec and report any complaints through its self reporting portal. These requirements can be seen as buffer funds and they must be substantial.
I have a lot of appreciation for the LimeFX team and this incredible broker. One day, I hope to have the opportunity to collaborate with you. If you’re ever in need of someone to work with in Africa, I’d be honored to be part of your team.What really sets LimeFX apart is the speed and efficiency of their withdrawals and deposits. LimeFX has proven to be a key player among global brokers—reliable, fast, and innovative.
MetaTrader 5 Mobile App
We don’t recommend traders accept it if they plan on making a withdrawal before all of the terms and conditions are reached. Although receiving some free money is quite enticing and almost irresistible, they exist to entice traders to trade more aggressively to help meet targets that could erode any profit made. As LimeFX is a large broker, it fittingly offers a good range of funding options on both the fiat money side and the crypto side. Lastly, you can choose the ECN account which uses the LimeFX cTrader platform.