The EU entity of LimeFX clearly states its regulatory status in the website’s footer. The offshore entity also references its corporate registration number with the Saint Lucia authorities at the bottom of each page. However, there is room for improvement in terms of being clear about the unregulated status of the offshore entity. As stated on their website, over 21 million trading accounts have been opened across 180 countries with LimeFX. Minimum deposits at LimeFX will vary depending on your country of residence and your chosen payment method. They can go as low as $25 (USD) when funding with Visa/Mastercard, to 50 euros (EUR) when using Skrill/Neteller to as much as 500,000 Indian rupees (INR).

However, trailing stop-loss orders are only available from the desktop. To change the language of the MT5 app, you must change the language for your entire phone. As with the limefx scam desktop and web platforms, the interface is not highly intuitive, but the MT5 app offers an above-average range of features. LimeFX offers the popular MetaTrader 4 and MetaTrader 5 platforms across desktop, web, and mobile.

Deposits

I appreciated that it has begun producing videos on advanced topics, such as Elliot Wave trading. LimeFX has made great strides with its pricing options for traders and its educational content, but suffers from a limited range of tradeable instruments. LimeFX clients can make deposits and withdrawals via bank wire, credit card, digital wallet, and cryptocurrency.

How do I deposit funds in an LimeFX account?

Processing times range from instant to a few hours, which is better than average for the industry. MT5 provides a greater number of technical indicators, timeframes, and graphical objects. Trading costs such as spreads are clearly explained on the Spreads and Conditions page. To read the fine print, traders can find the Customer Agreement in the footer of the website. The About Us page does a good job of sharing the company’s mission and history through a series of milestones over the years.

1. Traders can access all basic order types (market, limit, stop loss) via the platform.
2. In our tests for the Trust category, we also cover factors relating to stability and financial strength.
3. A trader working with a broker entity regulated offshore would not necessarily have these benefits.
4. Leverage is the use of borrowed funds to increase the size of your trading positions beyond what would be possible using only the cash in your account.
5. Once users have gotten up to speed on a demo account, they can easily switch to a live version.
6. However, there is room for improvement in terms of being clear about the unregulated status of the offshore entity.

Investment Products

LimeFX offers a swap-free Islamic account that adheres to limefx scammers the principles of Sharia law. LimeFX does not currently charge swap fees – the charge for holding leveraged positions overnight. The table below lists the protections and benefits by entity, regulator, and region. LimeFX is regulated in Cyprus by the Securities & Exchange Commission (CySEC) and in South Africa by the Financial Sector Conduct Authority (FSCA).

Once users have gotten up to speed on a demo account, they can easily switch to a live version. In my tests, I received speedy responses—the same day for email and a wait of just a few seconds for live chat. Despite the lack of phone support, I rate LimeFX as average in this category. Popular features such as 1-click trading, alerts, and watchlists are available. Traders can access all basic order types (market, limit, stop loss) via the platform. In the hands-on testing process, I used MetaTrader 5 for desktops, which includes advanced functions such as copy trading and automated trading.

The trust score came in low, largely because the LimeFX Markets Inc. entity is unregulated. However, the European entity of LimeFX is regulated by the top-tier Cyprus Securities and Exchange Commission (CySEC). According to the broker’s website, clients have negative balance protection, and client funds are segregated from the company’s operating funds. We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points. 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.