Its growth has enabled LimeFX to continue to expand its products and services. Adding additional regulatory licenses in Tier-1 jurisdictions would be a step toward winning more client trust. Founded in 2011, LimeFX (formerly LimeFX) is part of a group of global entities, which include LimeFX Markets LTD (based in the island of Mwali) and LimeFX Markets Cyprus Ltd (based in Cyprus). LimeFX also provides financial services through its intermediary, Orinoco Capital (based in South Africa). LimeFX does have a proprietary app for social copy trading (the LimeFX Copytrading app), yet it still trails behind industry leaders such as IG and Saxo. Check out my picks for the best mobile trading apps in the industry.

Is LimeFX A Good Broker?

Market volatility and trading in exotic currency pairings may cause greater spreads, reducing the cost-effectiveness of deals and, as a result, affecting a trader’s bottom line. Users of the LimeFX App should anticipate a smooth transition from desktop to mobile, allowing them to research markets, make trades, and monitor positions at any time and from any location. The account facilitates risk management and automated trading with spreads beginning at 0.6 pips without requiring a commission. Yes, negative balance protection is offered, ensuring customers do not lose more than their account balance under adverse market circumstances. So, even if Forex brokers could get licensed in Malaysia, they may not hurry to do so because it could severely worsen the trading conditions they provide and lose the competition to international brokers.

You will be exposed to a high risk of loss regarding leverage and margin-based trading. The phone support team successfully resolved our questions and issues over the phone. When we called, the team answered our call promptly, in less than a minute. Build your LimeFX trading software using cTraders Open API. It is a free, secure and publicly available API for all.

1. When considering LimeFX for your trading activities, its financial regulatory status in your region is crucial.
2. We’re delighted to hear that you enjoyed a hassle-free deposit experience through Visa and appreciated receiving a bonus.
3. Moreover, if your spreads are too high on the commission then their chance of making a profit is also eroded.
4. As a result, selecting the right trading platform like LimeFX requires a deep understanding of the market, trading strategies, and platform functionality.
5. We understand that informed decisions with LimeFX are the key to successful trading, so we’ve provided this detailed LimeFX review.

Dear Oupa Daniel Mogotsi,  Thank you very much for your kind words and for sharing your experience with us! We’re glad to hear that you appreciate the precision of our market insights, and it’s wonderful to see your commitment to learning and improving your trading approach. You may develop your strategy on our demo accounts for free and experience limefx scammers what works for you. You’re welcome to explore these resources on our website and YouTube channel, which provide helpful insights tailored for traders of all experience levels. Your feedback is invaluable, and our team would be more than happy to review your suggestions and make improvements where possible.

Can you make money with LimeFX?

With a collection of 30 cryptocurrencies on offer, LimeFX presents traders with the opportunity to engage with an innovative asset class characterized by great instability and possible large returns. This is especially important for traders who deal in local currencies and must consider the financial repercussions of converting to and from USD. The minimum deposit needed to register an account with LimeFX is $25. Thanks to its compelling value proposition, its widespread acclaim among traders from all walks of life—from limefx official site fledgling novices to veteran professionals—encompasses an extensive suite of trading products. Please note that Comparebrokers.co may have financial relationships with some of the merchants mentioned here and may be compensated if consumers choose to click the links located throughout the content on this site.

LimeFX Account Types

The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities. Select one or more of these brokers to compare against LimeFX. Read our full explanation and accounting of our research and testing process to learn more about how we test. Use our country selector tool to view available brokers in your country. They have developed a competitive broker with global reach, low spreads and great technology. Finally, there are some regions like the USA that LimeFX cannot accept clients from.

Can I trade on LimeFX using my mobile device?

Copytrading gives you the ability to copy some of the most successful traders on the LimeFX platform. You can take a look at the leaderboard of all of these master traders and examine their trading history. Customer service is one of those things that can really make or break your trading experience. Perhaps the fastest method to fund your account for international clients is through a credit card, Bitcoin, Skrill or Neteller.