If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. LimeFX is the brand name of iTrade Global Ltd, a company authorized and regulated by the Cyprus Securities and Exchange Commission . A screenshot of the LimeFX MetaTrader 4 platform is shown below and is covered in more detail in the video review. LimeFX was founded in 2020 and is the brand name of iTrade Global, a company authorized and regulated by the Cyprus Securities and Exchange Commission . Listings that appear on this page and/or on this website are of products / companies / services from which this website may receive compensation. This may impact how, where and which products / companies / services we review and write about.
If you are at an office or shared network, you can ask the network administrator to run a scan across the network looking for misconfigured or infected devices. Trading costs such as spreads and overnight funding rates vary depending on the account type opened and instrument being traded and are covered further down this review. Holding client funds in segregated accounts from company funds.
Furthermore, LimeFX can advise financial services to most of the European Union. Common questions regarding Account, Trading or the Verification Process are also pre-set and have answers detailed within the live chat function. This LimeFX review is diverse, as we advise Crypto traders to take another look at LimeFX. However, beginner traders should test the free demo account prior to starting with an account based on real money and checking out the learning materials. All clients have a dedicated account manager and Gold and Platinum clients can also access a Virtual Private Server for low latency and superior execution speeds. A VPS also allows traders to have zero downtime when trading which is useful to those who have automated strategies that are continuously running.
FX/CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.78% of retail investor accounts lose money when trading CFDs with this Provider. You should consider whether limefx review you understand how FX/CFDs work and whether you can afford to take the high risk of losing your money. Closing your account could create tax obligations, especially if you have been investing successfully.
Deposit & Withdrawals Options
TheEUR/USDcurrency pair tends to have a negativecorrelationwithUSD/CHFand a positive correlation with theGBP/USD. This is due to the positive correlation of theeuro, the British pound, and the Swiss franc. LimeFX broker does offer a Demo account where you can test the trading environment. However, we highly recommend our readers to check other regulated brokers before dealing with LimeFX.
This is extremely pleasant, especially considering the fact that most of you have to choose from trading brokers. Conclusion to a large number of different payment systems, which is convenient. Technical support works efficiently and answers any question quickly. The staff was helpful and efficient and was always there to help us. I liked the simple registration and fast cryptocurrency trading with high payouts. If you ask me, then of course, in my opinion, this is a platform with a sufficient number of instruments for trading.
LimeFX Video Review
Traders have the luxury of highlyleveragedtrading with lowermarginrequirements than inequity markets. But before you jump in headfirst to the fast-paced world offorex, you’ll need to know thecurrency pairsthat trade most often. As a CIF, the broker is fully authorized to provide financial services within the EEA zone. Other than that, the company opted for the UK regulation and is currently under the temporary regime, meaning it cannot provide CFD trading to UK residents.
Reviews written by users and people that have tested the system of a broker. If the company is holding funds in tier-one EU banks, you have higher chances to get your funds back in case of an issue. If like’s the case with LimeFX, funds are in the Bank of Lithuania or a similar bank with many accusations, getting the money back will be a struggle.
Their Trading Platform Is Very Suitable
The deposit can be made by debit/credit cards, E-wallets, and wire transfers. However, the broker does not provide any information on the fees. As a CySEC regulated broker, the company is free to operate within the EEA zone. In addition, since Brexit, every company that wants to operate in the UK needs to apply for FCA regulation. LimeFX did just that, and currently, it’s under the TPR regime, meaning that it cannot provide CFD trading in the UK.
Financial services don’t generally collect or submit taxes, which leaves the investor responsible for reporting it to the IRS. Review federal and state tax requirements on capital gains and other investment income and include this information with your tax filings. The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace. The USD/CAD currency pair tends to be negatively correlated with theAUD/USD, GBP/USD, and EUR/USD pairs due to the U.S. dollar being thequote currencyin these other pairs.
The broker operates within the EEA zone and other approved areas. If you belong to any other country, the broker has no regulation in your country. Before opening an limefx forex broker account with this broker, make sure to verify if it has the regulation. LimeFX is a brand owned by iTrade Global CY Ltd, located in Cyprus and regulated byCySEC.
What Is LimeFX?
I like this platform, is the right place for crypto trading. Registration is pretty quick and easy, the interface is very easy to learn for newbies. The attitude towards the client is also pleasing, I have not met at least something like a service everywhere.
Deposits and withdrawals are generally fee-free, however, it should be noted in some cases a withdrawal fee will be charged. There are also inactivity fees that accrue after 60 days of trading inactivity. Customer support is offered in multiple languages via phone, email and live chat between 08.00 to 18.00 , 5 days a week. However, it should be noted in some cases a withdrawal fee will be charged.
I Really Feel Comfortable Trading With
LimeFX offers a variety of fee-free deposit and withdrawal methods via debit/credit card, bank transfer and e-wallets such as Neteller, Skrill, Trustly, iDeal and more. Deposits are instant for the majority of payment methods but John Templeton can vary with bank transfers depending on the client’s bank. Jitan is a currency trader and an accredited Market Technician with more than 15 years of experience working with fund managers and on several proprietary trading floors.
- Furthermore, LimeFX can advise financial services to most of the European Union.
- The Swiss franc is the safe haven of foreign currencies, and USD/CHF is the abbreviation for the currency pair of the United States and Switzerland.
- Their trading platform is very suitable for short-term trading, I have earned quite an income since I first registered there.
She holds a Bachelor of Science in Finance degree from Bridgewater State University and has worked on print content for business owners, national brands, and major publications. If you get scammed by a LimeFX broker, do not hesitate to look for help. Our opinion about this issue is mixed as well, because on one hand, it seems legit to trade with. However, complaints about LimeFX are pretty common online.
This trading platform turned out to be convenient and fast, as I thought from the very beginning. LimeFX offers trader research through its Daily News Section, Speculative attack Articles Portal, Report Season Calendar, and an Economic Calendar. The LimeFX mobile trading app is covered in more detail in the video review.
Beware of the LimeFX scam and avoid unregulated brokers like NextMarkets or IngoInvest. The broker specified that it doesn’t operate in the USA and Canada, while it’s on a temporary regime in the UK and can provide only limited services. As mentioned above, LimeFX is a regulated brand under the CySEC (Cyprus / EU) regulation when it comes to legal permits. Furthermore, The company’s main office – Isiodou, Andrea Laskaratou & Emanuel Roides Street 10-12, 2nd Floor, Ayia Zoni, 3031 Limassol, Cyprus. You can find more data about the permit on the CySEC official website.
Clients can also keep up with current and future events with the economic calendar and use the reporting season calendar to track upcoming events for US stocks. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy.
LimeFX requires a minimum deposit of $250 to start trading on the financial market. Yes, the broker is regulated by CySEC and has the option to offer its investment services to most of the European Union. They are specialized, knowledgeable, and a trusted broker, in the market, and they offer many forex educational materials. A wide range of trading tools, especially the ability to trade crypto.
Trade With A Regulated Broker
If you have experienced such a problem, and the broker simply refused to give you a deposit or any part of profits, report it immediately and request a chargeback. Furthermore, it means that they might hold an inspection from CySec, but it doesn’t mean limefx scammers they cannot scam you. Moreover, we found out numerous reports about LimeFX unsatisfied customers claiming their agents siphoned their life savings. We show reviews chronologically, and you can filter by star rating, language, location, or keyword.
The same company owns two other brands – TradeFW and InvestFW. The former trading name of this CIF broker was iTrade Global. When deciding about a broker, there are many things to check. We’ve answered all of these questions for you in our up-to-dateLimeFX review.