For example, traders who want to trade under European regulation have to upload ID/Passport and a utility bill to confirm their identity. From my experience, limefx verifies limefx scam the account in less than 24 hours. My tip is to choose a variable spread account because that’s the way you come from my experience in most cases cheaper way.
- Worldwide Regulationslimefx is among the top Forex brokers in the world with offices around the globe.
- You also can switch to MT4 Variable Spreads that offering the trade with lower spreads, starting at 0.9 pips and derived directly from the market liquidity, or to choose the fixed spread.
- The regulatory environment at limefx is outstanding and one of the most trusted industry wide.
- Clearly, we can say limefx wants its traders to succeed.
- limefx was established in 2006 in Dublin, the capital of Ireland, co-founded by professionals in the financial field and experts in the e-commerce field.
limefx presents clients with seven well-regulated entities. After researching this broker extensively, we arrive at the conclusion that limefx meets and even exceeds our criteria for selecting the best Forex brokers on the internet. Not only are they flexible, but they also provide excellent user experience and a wide range of tools and assets to trade. Since limefx broker is international, they have a multilingual customer support in place to ensure that all traders, regardless of where they come from are able to use their service effectively. Well, limefx Forex broker promises that kind of trading.
Trading Account Types
I recommend traders double-check with their preferred payment processor about this. While limefx processes withdrawal within 24 hours, it may take up to ten business days for traders to receive their funds. The overall process remains swift, but I would like limefx to add cryptocurrencies as an option. Dailylimefx adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about.
- It’s recommended to use personal financial accounts for deposits; depositing from other people’s accounts is possible but will require additional verifications.
- As for withdrawals, the time it takes to complete a withdrawal will depend on the method used.
- So while limefx has earned people’s trust over the years, some different stories and instances go around.
- Once done, the next traders check the trading account of the client for any illegal activity.
The account opening is easy, there are great range of trading tools and user-friendly software, also many ways to deposit and withdraw funds. What we also like is limefx high-tech access to an expanded range of the instrument and multiple platforms either for manual, algorithmic or social trading. Another set of storming complaints that the firm handles are hidden fees. At the same time, words such as “low spreads” and “zero commissions” are often used by limefx. What disappoints traders is that it doesn’t live up to its word.
I want to trade options, are they available at limefx?
Please note that the orders are not guaranteed (e.g. stop-loss orders). For instance, if there is volatility in the market, the order will be executed at the next available price. limefx accounts can be in euros, US and Australian dollars, or British pound sterling; this will depend on where you are located. limefx is an international CFD broker that has been around since 2006, although it was originally launched under the brand name AvaFX. It’s fair to say that limefx has already attained a degree of popularity, as it has more than 300,000. Users caught spamming or abusing will be deleted from the site and prohibited from future registration at thatsucks.com and affiliates.
How do you identify a forex scam?
- Aggressive forex brokers.
- Exaggerated claims of high returns.
- High spread offers.
- Use of complicated jargon.
- Withdrawal restrictions.
- Blacklisted broker.
Also, UK clients may request spread betting opportunities. However, always note fees are presented as an indication only and may widen to volatile conditions, especially Cryptocurrency spreads that depend on current market conditions. limefx as a regulated broker complies to slightly different trading conditions or regulatory obligations according to the set of rules established by the particular authority. This means that https://limefx.vip/ European traders or those clients that are registered with limefx European entity will fall under ESMA regulation that recently limited Leverage. Our review of this broker shows that clients of limefx can use the proprietary web-based trader platform, MT5, MetaTrader 4, AvaOptions or limefxGo. Their list of available assets for trading at limefx includes over 200 Forex pairs, Commodities , Indices and stocks.
Mobile trading platform
The platform is well designed and has lots of functionalities despite being a mobile platform, but can be hard to navigate on a mobile device. For starters, you can view the platform only in horizontal mode. You can set price alerts that will send you push notifications. Additionally, you can also set expiration criteria to these alerts and notifications. When you search by typing an asset’s name, a list of relevant results appears. For added convenience, though, you can also set up biometric or PIN code authentication.
As limefx is a regulated broker, account verification is a mandatory final step, per AML/KYC stipulations. Most traders will satisfy it by sending a copy of their ID and one proof of residency document. limefx offers traders a commission-free pricing environment, but it comes with higher spreads. The EUR/USD starts with 0.9 pips or $9 per 1.0 standard lot.
MetaQuotes (Meta Trader) Complacent in White Label Scams
limefx’s currency pair selection is OK, in the same ballpark as its closest competitors. CFD coverage of individual stocks and ETFs is rather average. Most of these stocks can only be traded on the MT5 platform and not on the MT4 or WebTrader platforms. However, it’s not customizable; for example, you can’t change the size and position of the tabs. You can only withdraw money to accounts that are in your name.
I also want to point out the recurring inactivity fee of $50 after three months of dormancy, faster than most brokers but not an issue for active traders. After twelve months of inactivity, an administration fee of $100 applies. One interesting option is the ability to create a so-called Islamic account. A popular trading platform that gives the individual all the tools he needs to start trading. As part of its commitment to empower traders, Ava caters to every type or level while each of its platforms provides an option to trade manually or automatically on a variety of financial instruments.