A lot of people find reasons to suffice why Forex is a scam, despite not being able to try out trading professionally. This throws suspicion on these individuals’ intentions and paints a decent brokerage limefx like LimeFX in a negative light. With its regulatory status, its offering of the STP Technology, and the content of the reviews it has received, we can confidently say LimeFX is NOT a fraud.
Positive reviews
LimeFx shows clients how to obtain the most up-to-date rates, a step many brokers omit. With no minimum deposit, high leverage, and low trading costs, LimeFx is ideal for beginner traders and demanding seasoned ones alike. There is much written about the https://forexhero.info/s ECN XL account they have crafted and its reputation as one of the best account types is well deserved. This had bringed me to LimeFx in the first place.Yesterday I registered an account on this platform and I was surprised that even a deposit bonus is available. It can be a great boost, especially for traders like me with limited funds.
- Gold accounts guarantee a full market review, running well into an hour.
- Now it works worldwide and that is one of the reasons we are writing this review about the LimeFX forex broker.
- This award indicates that the high quality of the company’s services was honored by traders from all over the world.
- Nonetheless, this is a good choice for traders who only start their way.
Trading Platform
A tool protecting beginners from potential losses, LimeFX’s Investor Simulator is an improved and fortified Demo Account (also offered by LimeFX). If a trader makes money, the funds may either be withdrawn or saved by the trader. If a trader loses, LimeFX returns and allows traders to reinvest them to attempt another trading. LimeFX’s Investor Simulator combines all advantages the demo and real, live accounts boast. Traders are protected as they are with a Demo Account.
LimeFX Looks Forward: What is STP technology?
Initially catering to the European market, the company has expanded its reach globally, including Russia, while adhering to securities regulations. LimeFX is owned by TLM Limited, registered in Saint Vincent and the Grenadines, with a presence in London, United Kingdom. This is essential even if positive reviews were bought, only the negative ones could characterize LimeFX as a scammer. LimeFX brings a handsome lot of attractive offers. LimeFX is proud to present its Investor Simulator that gives traders the capability of experiencing trading without endemic risks as real money is earned. They all have their according perks, and you can swap between the accounts at any time.
Since being founded in 2008 by trading enthusiasts and financial experts, LimeFX has been growing impressively. Initially, there were a minimal number of countries wherein LimeFX could operate. But now, its reach has expanded exponentially. Deposit your account in the amount of $200 and instantly get 100% credit bonus.
Unfortunately, many traders ignore it, not knowing the level of success it can bring. Give LImeFx’s premium on Order History, and we can already dispel that LimeFX cheats. Once you know everything including the positive aspects and the negative aspects you can make your final decision about choosing LimeFx or not. The benefits that you get from any platform define the real value that you can enjoy while using it. Benefits that you get from LimeFx make sure that you have an experience like no other platform.
All LimeFX transactions are safe, thanks to the international first-level payment service provider. All these are configured into LimeFX being a trustworthy broker. An honest broker works using NDD technology (STP is one of the types of it). NDD allows users to get access to the market without subscribing to intermediaries. Prices are set by big banks and other subjects that build markets. There are two types of intermediaries within the financial market.
Thanks to LimeFX’s educational center, trading can become even more efficient. Traders are, of course, encouraged to read all articles, blogs, and books created by experts, watch videos, and read available analytics. It won’t give you any special bonuses (not in comparison to other brokers). There are some interesting solutions, but they are minor in the grand scheme of things. It doesn’t mean that this broker is bad, however.
Before diving into STP specifics, let us look at two financial market intermediaries given their importance to technological protection. Today, we are going to answer, “Is LimeFX fraud or not? ” Naturally, basic information about LimeFX takes front and center. The criteria for recognizing dishonest brokers take a secondary spot, with it linked directly to LimeFX’s scrutiny. Another additional service LimeFX offers is Binary Options. The minimum amount a trader needs to invest is pegged at 500 dollars.
LimeFX offers five live accounts and an unlimited demo account. Therefore, short-term and long-term trading is not possible with a broker. Spreads and swaps are roughly average only on the Pro account. Opening a live account with LimeFX can get confusing, especially for newbie traders. As stated previously, LimeFX offers six live accounts to choose from, all with different trading conditions and fees. In that case, make sure to carefully review your current risk capacity and financial needs before signing up for any live account.
Quoted here are some of the LimeFX customer reviews that make for a definitive image of the broker as projected by its users from the online community. Please note that these do not, in any way, represent the actual views of the review team. These are only quoted here for the benefit of the readers. Payouts within 30 minutes and the presence of regulation are false. Previously, they announced the regulation by the IFSC Belize. But there was no confirmation on the official IFSC website.
Here are some LimeFX reviews aimed at creating a complete understanding if LimeFX is a scam or not. Reading reviews is a recommendable method for discovering if working with the broker would prove effective or not. Traders should be careful, though, because companies or their competitors only buy some reviews. LimeFX provides more than 180 different assets.