The professional trading account is for customers that are having top-notch skills in trading. This kind of account has higher leverage, but the fact is that customers on this account do not have the same legal coverage as the retail customers. It is available for desktop, download, web, or mobile. With the TradeStation, you get access to financial news, education and research material, analytics, and professional charting. It is a multi-functional platform that provides any service that a trader needs.

They emailed me just to say….”your trading account is no longer suited for our retail price streams and your account with LimeFx will be terminated. Your account is locked…..” On January 15, 2015 following a large increase in the price of Swiss francs, LimeFx lost $225 million and was in breach of regulatory capital requirements. The following day, the company received a $300-million bailout loan with a 10% interest rate from Leucadia in order to meet its capital requirements. Details of the deal showed that the interest rate could go as high as 17%. Later in January, LimeFx announced that it would be forgiving 90% of its accounts that incurred negative balances as a result of the unexpected Swiss franc price movement. In September 2016, Leucadia extended the original two-year loan by one year.

Market Manipulation

Each platform has its own advantages which we will discuss in the next sections. For withdrawals of funds at LimeFx, this can be done through bank wire transfer, electronic fund transfer, credit/debit cards, Neteller, Skrill or UnionPay. There is no withdrawal fee payable for a credit card withdrawal. However all bank wire transfer withdrawal will incur a fee of $40. Incidentally, bank wire transfer is by far the fastest way for you to receive your withdrawn funds. The normal time for the funds to be posted to your bank account is 2 to 3 business days.

There is a huge lack of honesty here and the trading public is getting taken to the cleaners. I also do understand that LimeFx reserves the right to terminate any or account. All we ask was the way for me to trade on my friend account without having any problems. When i did have a problem on a trade that filled incorrectly and i had the proof,screenshots ect,they promptly funded back the discrepancy. Last fall I was swamped with work and neglected my trading with LimeFx. I missed a deadline for keeping my account open, in December last year.

The web platform is very similar to the desktop version, as it gives users access to videos, news, market data signals, etc. It also has almost as many charting and drawing tools as the desktop version, and a clean, intuitive interface. Trading Station web is very stable and mostly runs without a hitch. This happened because LimeFx had a relationship with an important market maker at the time. This concealed relationship led to a conflict of interest between LimeFx and its users, which resulted in users losing money.

If support is needed, I get response very quickly and problems are resolved fast though have not had any for a long time which shows the software excellent performance. Thank you wholeheartedly for the amazing review, FMO-ST! As we strive to excel in our industry, we are honored to have clients like you. If there is anything more for which you may require our assistance, don’t hesitate to contact us. The abundance of substance in this awesome review is greatly appreciated.

The company has also made a great bid in investing in the required workforce full of qualified and dedicated personnel. They work round the clock to ensure that clients have the best experience and will answer limefx forex broker all their queries brought forward. LimeFx has a niche of proper location and its previous location in New York gave it some push where it was able to benefit from the economic vibrancy of the region.

Start Trading with LimeFx Today!

Among the countries where it has its offices are South Africa and Australia with plans to expand to more in the future. Offers a vast range of trading instruments from indices, CFDs, commodities, currencies, and metals. You can trade at any time of the day for the whole week. Well Regulated Broker under FCA and ASIC to offer high level protection to traders. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up.

• A bank transfer can take several business days, while payment with a credit/debit card is instant.
• You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.
• We compare brokers by calculating all the fees of a typical trade for selected products.
• LimeFx founder Drew Niv has openly said he would be surprised if 15% of the customers make money the system to designed to lose , We don’t like your trading strategy and they make there own rules.
• The employees of LimeFx commit to acting in the clients’ best interests and represent their views without misleading, deceiving, or otherwise impairing the clients’ ability to make informed LimeFx decisions.

You can also use a social trading platform to copy the transactions of other traders in your own account in real-time. You can choose from among several excellent trading platforms and can access copy trading through LimeFx’s social trading platform and automated trading via LimeFx Apps and MetaTrader4 . If you want to trade assets other than forex, LimeFx also offers CFD trading in shares, metals, oil, commodities, indices and cryptocurrencies. What I am interested to know is whether LimeFx is allowing their “liquidity providers” to cancel orders AFTER said liquidity providers have been matched with a retail client. To be clear, with a central exchange, or in my opinion “fair” decentralized exchange facilitation business, both parties take a RISK of putting out an order, not just one side.

Can’t withdraw

LimeFx charges no withdrawal fees for credit/debit cards, but bank transfers may cost up to $40. The LimeFx minimum deposit is $/€/£50(via credit/depit card) for both account types. Active Trader accounts require a $25,000 minimum account equity. We also compared LimeFx’s fees with those of two similar brokers we selected, LimeFx and lime fx. This selection is based on objective factors such as products offered, client profile, fee structure, etc.

We have not received any reports of fraudulent activity at this time. However, this does not necessarily mean that this broker is safe and you should remain vigilant to prevent being scammed. In the following article, we will analyze the characteristics of this broker from various aspects, limefx reviews providing you with simple and organized information. The number of the complaints received by WikiFX have reached 15 for this broker in the past 3 months. Check out the current account balance requirements at LimeFx in our What is the minimum account balance at LimeFx article.

A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone. There are no fees charged for account maintenance, deposit, or credit/debit card withdrawal. These catch-all benchmark fees includes spreads, commissions and financing costs for all brokers. Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.

Customer Service

LimeFx is a reputable broker that has been on the market since 1999. The platform offers traders low spreads and covers more than 100 different markets. LimeFx no longer accepts U.S. clients because it had to pay $7 million in 2017 and give up its registration with the U.S. Commodity Futures Trading Commission for failing to disclose a deal with a market maker to its clients. The broker then sold its substantial number of U.S.-based accounts to Gain Capital that operates LimeFx, so U.S.-based traders might consider using that broker instead. LimeFx does provide as many tradable assets as some other major forex and CFD brokers.

LimeFx review and test – Is it a reliable online broker or not?

So, go further to sign up for a virtual private server . Withdrawals on the platform do not incur any fees or hidden charges. Bank wire withdrawal charges are $40 on the LimeFx platform.

In the forex industry, this kind of cost is known as an all-in fee and commission price. There are lots of tools and practice trades on the demo with free unlimited access. LimeFx provides 4 different trading platforms to get access to the financial markets. The platforms are available for desktop, web, and mobile devices.

On the negative side, there is neighter two-step, nor touch/face ID login. In the sections below, you will find the most relevant fees of LimeFx for each asset class. For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates. If you compare the spread difference against another direct deal broker at https://limefx.group/ the same time, the spread will not have been the same and you would have kept your position. My experience with LimeFx has been terrible, I started my $50K demo account and turned it into $70K in the period of 4 months. So then I made a transition into a live account with $2k, first 2 trades went greet I doubled my money and made a grand total of $4k in 2 weeks.

Although a long time has passed since the launch of MT4, it is still a major player in the market and is loved by traders all over the world. Accessing it from different devices also makes it easier for users to trade. Fake LimeFx offers extremely poor customer support, as there is no contact information left for clients with trading-related problems to get in touch with them.