Report Scam Services of the Online Forex Trading Market

However, since they are so prevalent, we would really appreciate that if you, as our reader, could notify other readers upon encountering such a service. You can do that effectively by sending us the name of the service via our Contact Us page. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team. LimeFx’s mobile app is available for both Android and iPhone.

  • While LimeFx’s website has an intuitive feel, there are a few pages with either incorrect, outdated, and/or incomplete information, which speaks to a general lack of attention to detail.
  • STP Pro accounts allow you to trade on prices sourced directly from global banks and top- tier liquidity providers with no additional mark up.
  • There is a small menu to choose from at the start of the call.
  • LimeFx is a registered FCM and RFED with the CFTC and a member of the NFA (# ).
  • When you buy one currency, you are selling another currency.

Spreads vary based on the currency, the time of day, economic conditions, and the broker. The wider the spread, the lower the liquidity and higher the volatility. The lower the spread, the higher the liquidity and lower the volatility. This spread is how FX brokers like LimeFx make revenue.

LimeFx makes learning easy by offering a wide range of quality education tools. You can hone your trading and investing skills by opening a demo account, by watching webinars, platform videos, and reading educational texts. LimeFx has its own trading platform, called Advanced Trading Platform. The MetaTrader 4 and MetaTrader 5 platforms are also available to the clients of the broker. LimeFx is regulated by top-tier financial authorities, which indicates that it is considered to be a safe brokerage. As a whole, experienced traders with a high trading-volume should consider LimeFx as a valuable option.

The program is not open to DMA account holders, as that account already has volume-based fee reductions. LimeFx, founded in 2001 as part of GAIN Capital Holdings, is an established global online broker that caters to individuals seeking to trade the retail FX and CFD markets. GAIN Capital Holdings, a conglomerate that includes City Index, an online CFD and spread betting provider, and Daniels Trading, a futures advisory trading firm, was acquired by StoneX Group Inc. in February 2020. This company does not have the systems capabilities to handle high volume.

Had a question asking why the balance on my account did not match my MT4 account and was told my profit would show after I withdraw my opening balance….huh! Why it can’t show the balance on the account makes no sense to me. Tried to ask customer service these questions and they were rude and argumentative. Just wish I lived somewhere else and could use another broker.

Customer Asset Protection

LimeFx’s brokerage platform includes an organized and comprehensive news feed that is customizable to focus on your favorite currency pairs. Begin by selecting your currency pair of choice and opening a new workspace. On the right-hand side of your screen, you’ll instantly see the latest news headlines concerning either of the currencies listed in your pair.

LimeFx is a registered FCM and RFED with the CFTC and a member of the NFA (# ). Additionally, GAIN Capital UK Ltd is authorized and regulated by the Financial Conduct Authority (FCA #113942). Clients also have additional asset protection through the Financial Services Compensation Scheme , up to £85,000.

Additionally, a margin calculator and an array of trading and charting tools can be found on all of its trading platforms. The broker’s «premium» and «pro» accounts have the option of receiving research tailored to the client’s needs. LimeFx is one of the top platforms for foreign currency trading.

Report Forex Scam Services

This lets them amplify profits and make more meaningful trades as a result. A Standard account at LimeFx is commission-free, and you have the choice of a LimeFx account if you plan on using the broker’s proprietary platforms or a MetaTrader 4 account if you prefer that platform. LimeFx also charges lower average dealing spreads than many competing brokers, although its spreads are variable, so they can change depending on market conditions. LimeFx is a leading online platform for forex traders.

It also offers fewer order types and less ability to set user-defined price tolerance. Traders can open an account with 100 of their finest units of the account currency. Your quickest and best option is phone support for more detailed questions, but this can also be a little slow during peak market hours.

LimeFx scam

Go for well-known brokers that offer guidance and the necessary tools for online trading while being realistic about the risks involved. Once the trader has registered, they are then given small incentives to recruit other traders who will in turn recruit more and more. In this way, the company keeps generating funds through subscription fees while not providing any useful services for the trader. In most cases, the trader can choose either weekly, monthly, or yearly subscriptions.

On the same exact trades, I’m up 40 percent on lime fx and down 30 percent on LimeFx. 2- manually liquidation process by London trading desk not automatic by system then they provide you a fake price. All information on is only published for general information purposes. We do not present any LimeFx advice or guarantees for the accuracy and reliability of the information. Oman is not restricted on LimeFx platform, so you will be able to open an account.


LimeFx offers both fixed and variable spreads which depend on the market you wish to trade, along with an opportunity to reduce costs by up to 15% with cash rebates. In addition, the broker provides some of the tightest spreads in the industry. Based on our findings, the average spread for EUR USD is 1.3 pip for the Standard account. Leverage as a popular tool is widely used by brokers and traders and allows the trading of larger capital limefx review compared to the initial capital. Previously brokers generously awarded traders with high leverage ratios, yet the US regulation and recent update from the European ESMA, and Australian ASIC set a limited maximum in order to protect clients. LimeFx is a multi-regulated global Forex and CFD trading provider offering a wide range of trading instruments to its clients including Forex, Indices, Shares, Stocks, Cryptocurrencies, and more.

Many courses also include YouTube video tutorials to facilitate your learning process. Best of all, each of the LimeFx courses is totally free — you don’t even need to be logged into your account to begin learning. LimeFx’s scammed by limefx market professionals also provide daily FX commentary. Negative balance protection protects investors from losing more than they deposit into their accounts. LimeFx does not offer negative balance protection for U.S. traders.

LimeFx scam

LimeFx’s mobile app offers a number of customization tools you can use to make the app your own. Choose between light and dark themes, add currency pairs to your watchlist, and customize your home screen to only show markets or currencies you’re interested in, all with only a few taps. LimeFx offers an impressive selection of research and education tools for traders at every expertise level. From live webinars to beginner and advanced risk management courses, every trader can learn something new when they open an account with this broker. An advanced trading platform designed especially for active traders offers desktop viewing with a full asset of customizable preferences, indicator features, powerful charting tools, and many more. Within the platforms, traders can access charts, economic calendars, news, positions, and trade/order history, and access trade signals and research reports, as well as market analysis from LimeFx analysts.

A rollover interest fee is based on the difference between the interest rates of the traded currencies. The first currency is the base currency, and the second currency is the quote currency. The quote represents how much of the quote currency is needed to get one unit of the base currency. For example, the most common forex pair is the EUR/USD (Euro and U.S. dollar). If the quote is 1.14, this means it would take $1.14 USD to buy one Euro. Like stock quotes, forex quotes are provided with bid and ask prices.

Range of Offerings

LimeFx offers free and comprehensive forex trading courses for beginners and experienced traders. LimeFx has teamed up with TradingView, one of the top charting technology companies, to offer advanced tools for technical analysis and trading. Traders can also create their own customized indicators and charts. Investopedia is dedicated to providing investors with unbiased, comprehensive reviews and ratings of online brokers.

Trading slippage AA

The mobile app offers the full functionality of the web trading app. Traders can receive price-based alerts and order alerts via push notification. LimeFx requires a minimum initial deposit of 100 of your selected base currency. Please stay away from this btoker they scam me above 10000$.

MT4 and MT5 connectivity allows the use of automated strategies using MetaTrader algorithms. My experience they close my account with no reason cost me a few thousand dollars because I was in a trade that I plan on getting out in 6 weeks and they forced me to get out in 14 days. I email compliance I email support I email to everyone and no one has an answer they just keep on saying the same thing it is a business decision. The broker is regulated by several financial authorities globally, including the top-tier FCA in the UK. The broker’s parent company, StoneX Group Inc is listed on the NASDAQ Stock Exchange. Not enough info on LimeFx spreads, commissions, overnight fees?


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