LimeFX forex broker is a trusted site for binary options and forex trading. It is powered by an STP execution mode that makes it a standout against its rivals. LimeFX is regulated by the Commodity Futures Trading Commission and gives traders access to an array of financial instruments including forex, metals, oil, binary options, and stocks.
Find out more about the broker by reading this entire LimeFX forex broker review.
In this LimeFX review, we are to probe into the broker’s trading instruments, conditions, and technology. We will hand you all the pertinent information that you need to know before diving into the broker’s custody. Also, we are bringing you some LimeFX customer reviews to ponder on to help you form your impression about the broker. Lastly, we will give you our verdict pertaining to the broker’s legitimacy as a brokerage firm.
Operated by TLM Ltd, LimeFX forex broker is a St. Vincent and the Grenadines-based firm founded in 2008. A team of developers and professional analysts collaborated to establish LimeFX with a goal of providing convenient and profitable trading through advancing favorable trading conditions and innovative trading technologies.
Short-term traders inclined to binary options are the primary clients of LimeFX as it focuses on providing binary options to trade across financial markets including forex, stocks, indexes, and commodities. Beginning traders are also welcome to the club as LimeFX provides free trading materials and resources to boost their knowledge and form their trading fundamentals. The broker distinctly gives its traders trading forecasts from experts, automatic market analysis, and personal analysts.
When signing up for a LimeFX trading account, you just need to fill in the registration form with your information including name, country, contact number, and email address. Once done, you are to enter your self-made password to your trading account.
Now, we will walk you through the broker’s featured account types for your reference.
Mini – has the lowest minimum deposit worth $500 and gives you a 50% welcome bonus.
Standard – requires a <$5000 minimum deposit and also gifts you with a 50% welcome bonus.
Silver – <$7500 initial deposit and a welcome bonus worth 100% of your deposit amount.
Gold – <$10,000 minimum initial funding including a 120% welcome bonus.
Platinum – deposit over 25,000 to get a 120% welcome bonus and all trading perks and features.
Trading features and functionality included in each account type varies. The start-up accounts follow the standard procedures in withdrawal processing while the lucrative accounts are privileged with the highest priority in requests.
Other trading functionalities and special offerings are available in the high-paying accounts which include a personal financial analyst, a review of trading account, quarterly trading plan session, personal strategy development programs, a real-time trading demonstration, and VIP trading tools.
LimeFX operates it funding systems by providing the popular payment options for clients. LimeFX traders can deposit and withdraw via Mastercard, Visa, Neteller, Arangepay, and Skrill.
LimeFX parades the MT4 platforms and xCritical solutions. The MT4 offering comes in several versions including the Web Terminal version, the standard MT4 desktop version, and the MT4 mobile app. Both Android and iOS-powered devices are compatible with the MT4 mobile app.
LimeFX’s MT4 offering is bannered by Expert Advisors for algorithmic trading and regular feeds of alerts and financial news.
Meanwhile, the xCritical platform offered by LimeFX enables traders to get access to real-time quotes, over 180 financial instruments, trading history, one-click trading, multiple account use, investment portfolio, and built-in chat support.
LimeFX Customer Reviews
This time, let us know what clients think about their broker and their trading coverage. Let us read the following LimeFX customer reviews below and know what to expect with the broker once you sign up for an account.
“My first impressions weren’t very good because of quite annoying managers. I decided to stick with this broker and now I am not complaining. They were very persistent, but later they helped me very much. Now, I can withdraw my first money. I am going to celebrate this fact.”
In the above LimeFX review, the client was a bit hesitant in trying the services of the broker since it gave the client a bad impression. However, it changed when the client was able to have a positive experience with the broker and starts to enjoy the fruits of his trading labor.
“I have been trading with this broker for 6 months and I can now share my opinion. I liked the investor simulator and polite customer support. Some people say that managers are annoying, but I can’t say this. I am totally satisfied. What I am not satisfied with is such a high minimum deposit. It would be better if it was smaller. Also, I am not satisfied with the web mobile platform. I want a full mobile application. Using the web platform is quite inconvenient. I can’t say that it significantly affects trading, but this fact prevents me from trading. I am continuing to trade with this company because I can earn money with it.”
The second LimeFX review is quite the opposite of the first one where the client was vexed by the broker’s account managers. The second client expressed satisfaction with the broker’s services. The client, however, noted some facets of the broker’s trading conditions and features that he wished were better.
“I don’t want to work with such annoying managers. The minimum deposit is high for many. Also, there isn’t a mobile application. I don’t see any reasons to trade with this company. I tried to do it, withdrew my first deposit, and now I am not going to work with them.”
The third client feedback grumbles the same issues as the second client review. Clearly, the minimum deposit amount and inconvenient trading platforms were some of the pressing concerns that the broker needs to improve.
After a thorough review of the broker’s features and conditions, as well as taking in some feedback from clients, let us give a verdict on the undying issue that LimeFX faces. Is LimeFX a scam?
As clear as daylight, LimeFX is a legit forex broker. LimeFX fraud is certainly a hoax that everyone should get rid of. Despite some drawbacks, LimeFX continues to improve to deliver its promised trading experience for its clients. LimeFX is a regulated broker and operates within the set standards and policies by its governing regulatory institution.