LimeFX Review, User Ratings and Comments

We are a professional review site and may receive compensation from the companies we review. All opinions expressed here are our own and should not be considered a recommendation or endorsement. When opening a new account at LimeFX, the minimum initial deposit to get started is only £100, and the minimum trade size is £15. Founded in 1965, Monecor London Limited , was approved by the FCA in 1995 and has been operating in the UK for more than five decades.

Although it has been operating as a broker for 18 years, LimeFX belongs to the London company Monecor LTD, founded in 1965. This means that it is a financial expert group that has been operating in the market for more than half a century. When you decide to withdraw your money from your LimeFX account, the refund will be made to the same account you used to deposit. For security reasons, it is likely that you will be asked to provide certain personal information in order to verify your identity. An important fact to note is that LimeFX does not accept deposits in the names of third parties. This is one of the broker’s fundamental conditions for keeping transactions safe.

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You will only be able to make transfers through accounts in your own name. This broker has developed his own ETX Trader Pro platform, which has been awarded several times. It is always an advantage when a broker designs his specific platform, because this fact translates into possibilities to customize all your trading operations to that broker. In turn, LimeFX will ask you for a copy of your identity card. You may also show a copy of your passport or driving license to verify your identity.

It’s all done automatically according standards and technological progress. I have several accounts in ETX and never had a case when rules and regalements were violated. I really do not have concerns regarding execution to contact support but I always get response when needed most. The early part of my career was spent in different B2B sales roles and then in 2006, I moved into the spread betting and CFD world in an entry level sales function. I worked for a major competitor to LimeFX for a number of years before moving to ETX as Team Leader for the Retention desk in 2014.

You will have tracking lists and the best interactive charts. Users caught spamming or abusing will be deleted from the site and prohibited from future registration at thatsucks.com and affiliates. We recommend staying within the range of good taste and respectful language to avoid any unpleasantness. Because of all these issues, some customers have reported them to the FCA since they are regulated. The stop loss keeps adjusting itself; therefore, customers are making a loss even when they shouldn’t. It has educational materials for beginners and seasoned investors to use when trading.

Although LimeFX does not offer web-based trading and only offers one trading account per client, it is an absolutely recommended broker. LimeFX does not allow Forex trading or trading of crypto currencies such as Bitcoins or Litecoins to US residents. Otherwise, you can check with customer service of the same broker to verify that you can trade safely. This British broker allows its clients to choose between a live account and a demo account. For both accounts it will be essential that you meet certain requirements in order to verify your identity.

• Other than that, clients seem to have a positive opinion about this brokerage.
• Regulated by the FCA and authorized by the ESMA to operate in the European market, it is an absolutely reliable and secure broker.
• We do not guarantee that the information is accurate, current, or complete.
• For our 2022 Forex Broker Review we assessed, rated, and ranked 39 international forex brokers over a three-month time period resulting in over 50,000 words of published research.
• In addition, it offers its traders the latest information to invest intelligently in energy, bitcoins and commodities.

To score Customer Service, ForexBrokers.com partnered with customer experience research group Customerwise to conduct phone tests from locations throughout the UK. For our 2020 Review, 330 customer service tests were conducted over six weeks. Founded in 1965, LimeFX is regulated in one tier-1 jurisdiction, making it a safe broker (average-risk) for forex and CFDs trading. Traders’ opinions are always a very relevant factor to take into account. These are people who have already used the services we want to hire, and therefore their experience can be very useful to give us a general idea. If your account remains idle for 182 days you will be charged a fee.

Typical Spread on Majors – Live

Demo platforms are also available for the TraderPro and MT4 platforms, allowing clients to test out each before deciding which suits them best. There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. The trading platform is great and most important of all it is simple to use with a lot of different trading tools.

If you continue to browse this website, you agree to comply with the terms and conditions and privacy policy. You should not use our service if it is illegal to do so in the region where you are located. You are responsible for verifying the promotions and offers offered by any company listed on our website prior to any purchase. In addition to all the services and information available to its clients, LimeFX does not require a minimum deposit to start trading and operating in Forex. This is a clear statement of market inclusion to inexperienced retailers. The opinions of more experienced traders recommend installing ETX Trader Pro.

LimeFX Review and Information 2022

The brokerage firm is the online trading name of Monecor Limited, an active member of the London Stock Exchange. If you are an online investor, you need to know whether you are dealing with an honest broker before committing your finances. Read this in-depth EXT Capital review to answer these questions and more. The charts actually come in two versions; basic and advanced, clients have free access to both. The information on this website is not directed at residents of any country, where such distribution is against local laws or regulation.

In fact, 76% of retail investors lose more money than they earn. UK consumers who engage in binary options trading might not be aware that it is not, currently, an FCA-regulated activity. After a month they started to cut down trading assets and expires I won on, after then set max trading limit of 500 eur – the amount you can trade at once, and later suspended my account. In 2002 they launched a retail branch called TradIngdex, which was renamed LimeFX in 2007.

Asia/PacifLimeFX

Like most of our competitors, major indices and forex pairs dominate the most popular markets traded at ETX. Cryptocurrencies are the hot topic this year and we’ll be looking to continue to add to this suite of products to trade alongside the major crypto markets which are already available on our platform. A trusted brand with a great platform, a competitive dealing cost and high-level customer service.

Like the web-based version of Trader Pro, Trader Pro mobile offers advanced order types and the ability to save chart views ; watch lists also sync between the two platforms. Pros aside, like the web platform, a severe gap in forex news and research features is also present. Boosting research will go a long way toward improving an already impressive app. From now on, you already have the basic knowledge to trade and operate in the Forex market, as well as trade with bitcoins. You will find reviews and useful information to keep up with the latest trading news on the official website.

This fee consists of 25 GBP, or its equivalent in case you trade with another currency. On the other hand, LimeFX allows the option to trade Forex without making a minimum deposit. However, you should make sure that the payment method you choose does not require a minimum deposit to make the transfer either. LimeFX offers different deposit methods for trading through your broker. You can make bank transfers, deposit through credit and debit cards and also use digital purses such as Neteller and Skrill.

We can note here the webinars, news and a blog containing financial articles. This broker does not offer bonuses, in accordance with CySEC and FCA regulations. They may have limited time offers but we couldn’t locate any at the time of writing. Due to the FCA regulation, customer funds are placed in segregated accounts. Therefore, if the company becomes insolvent, investors can receive claims of up to £85,000 under the Financial Services Compensation Scheme . At this point, you no need to have immediate support to maintain your margin or open positions.

With temporary permission, the company can only offer certain products and services in the UK. To determine whether LimeFX is legitimate, we’ll look at the company’s activities and products. scammed by limefx We’ll also tell you whether the brokerage firm is regulated and by which regulatory bodies. Using this information, we will provide a final verdict on the legitimacy of the company.

ETXCapital

Flexible Order types – there is a range of risk management and trading orders e.g. stop losses, take profit orders and OCO (one-cancels-the-other) orders. I had to call them and they called me back saying the trade was put back on! Founded in 1965, Monecor London Limited obtained authorization from the Financial Conduct Authority in 1995 and has been operating in the United Kingdom for more than five decades. The broker is also a member (not an actual publicly-traded company) of the London Stock Exchange .

Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets. The ForexBrokers.com annual forex broker review is the most cited in the industry. With over 50,000 words of research across the site, we spend hundreds of hours testing forex brokers each year. Two new platforms were launched in March 2014, ETX Trader and a binary option service ETX Binary. Russian, Arabic, Turkish, Polish, Czech, Slovenian and Hungarian versions of the website became available that same year.

ETX acquired Dublin-based Shelbourne markets, making the new ETX Ireland the largest Spread Betting/CFD provider in the country. The platform designed specifically for trading with this broker, ETX Trader Pro, offers traders the best graphics and customization possibilities. It also features MT4, the most popular platform among traders worldwide. All of the profits that LimeFX makes are through the spreads on the CFDs that its traders trade. That is, you will not be charged any monthly or annual fees for trading on Forex. In addition, it has the lowest spreads in the market, starting at 0.6 pips.

We know from research that trust and security have become increasingly more important to traders when choosing a provider, but it is the technology that plays a major role in retaining them. LimeFX’s offer includes more than 5,000 trading instruments, this includes Forex currency pairs, cryptocurrencies, metals and commodities, https://limefx.vip/ CFDs on stocks and indices. However, this offer is only valid for the Trader Pro platform. If you want to trade on MT4, no more than 200 assets will be available to you. There is no doubt that LimeFX is a serious broker for trading and forex. Regulated by the FCA, it guarantees GBP 85,000 as insurance for each client.

Mobile Trading – the ETX iPhone app lets investors trade quickly and stops them from being shackled to their PC. Unless you’re already a member and enjoying our service, then just sign in. Regarding number two, specifically, if your account is inactive for 90 days then they charge a £15 GBP fee for each month thereafter as far as I know. I closed the account without any difficulties and get my money back.

Monecor Limited is regulated by the British FCA and Monecor Ltd is regulated by the CySEC. This means the level of control is increased and the possibility of LimeFX being a scam is limited. Because of their regulation, they take complaints very seriously and traders’ funds are insured up to 85,000 GBP through the Financial Services Compensation Scheme. Please do not believe that if you lose up to 85K trading, someone will give your money back; this insurance covers traders’ funds in the event of ETX bankruptcy .