LimeFX Review ️ Safe or Scam Revealed Updated 2024*

It would be useful to be able to sort the columns from highest to lowest, but that feature is not yet available when looking at the Master Rating results page. LimeFX offers barely 277 tradeable instruments, which varies by platform, with the most on its MT5 offering. By comparison, industry leaders Saxo, IG, and CMC Markets all offer over 10,000 tradeable instruments.

Desktop Trading Apps

LimeFX offers a variety of deposit and withdrawal alternatives, such as bank transfers, credit cards, e-wallets, and cryptocurrency wallets, for easy financing. The minimum deposit needed to register an account with LimeFX is $25. Yes, LimeFX’s account types, which include MetaTrader 4, and MetaTrader 5, allow you to trade in 30 different cryptocurrencies. Yes, negative balance protection is offered, ensuring customers do not lose more than their account balance under adverse market circumstances.

What is the minimum deposit at LimeFX?

Diversification is spreading your investments across different asset classes to reduce risk. The idea is that if one asset underperforms, others in the portfolio may still do well, helping to protect your capital. LimeFX does not charge internal withdrawal fees, but traders may incur third-party payment processor costs, blockchain fees, and currency conversion charges. Some of these educational webinars could be useful, but they are only really suitable for absolute newbies.If you want advanced trading education, look elsewhere. The customer service reps seemed not to be trained to handle very basic questions, so we imagine if you have a complex inquiry, you will be pulling your hair out.

Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables. For beginner traders, diversification is an essential risk management strategy. Instead of putting their whole capital into one asset, such as gold or oil, they can spread their investment across multiple assets, reducing the risk of large losses.

Trading Platforms

LimeFX excels in research, offering regularly updated commentary written by in-house analysts and trading ideas. In addition, clients can utilize research from third-party provider AutoChartist. Client orders received by LimeFX are offset by limefx company reviews banks and liquidity providers.

1. Yes, LimeFX enables cryptocurrency wallet withdrawals, and transactions are processed within a few hours.
2. The entire process can be completed quickly, often within a day, provided the necessary documents are readily available.
3. We see you are very pleased with service from LimeFX trading platform.
4. Per Shariah law, the Islamic Account accommodates the Muslim community in Singapore by abstaining from charging trade fees on overnight positions.

There is also the possibility of earning extra money as a Master Trader within the copy trading platform. While the trend for trading is obvious, beginners often find themselves lost in the whirlpool of markets, assets, graphs, and tools. To facilitate entry for novice traders, LimeFX, a broker with globally recognised licences, explains how to get started and what assets to consider for first trades.

We always recommend you trade with an appropriately regulated broker, with this in mind LimeFX is an option if you are based in the European Union where CySEC regulates them. If you are outside this region, we can’t fully recommend LimeFX as you will be trading with their subsidiary based in Saint Lucia where they only need to register as a company. With LimeFX, you have access to most of the major trading instruments. When questioned further, the same customer support person couldn’t verify if we could deposit via a credit card and advised us that we could probably use cryptocurrency to deposit. There was one slightly different trading platform, which is the LimeFX copy trading software. This allows CFD and Forex traders to either copy other traders’ trading signals scammed by limefx or let you broadcast your own trading signals to other traders on the social trading platform.

LimeFX offers the popular MetaTrader 4 and MetaTrader 5 platforms across desktop, web, and mobile. These platforms provide robust charting and a wide range of order types and enable automated trading. The web-based LimeFXTrader platform is a beginner-friendly and convenient alternative.