Lime FxFX Review 2024: Is This Forex Broker Legit or a Scam?

The ED has also estimated that celebrities roped in by the owners of Lime FxFx have corroborated the transfer of funds through Estonia and British Virgin Islands (BVI) based entities for promotional purposes. “These e-commerce businesses were in operation only on paper. These were created to explain the inflow and outflow of funds in case banks grow suspicious of the nature of the transaction,” said an ED official. This payment aggregator made the movement of funds “more organised” and created an “extra layer” in the movement to throw off law enforcement agencies during scrutiny.

Lime FxFX MT5 Account

We’ll be talking about one of the lowest spread provider forex brokers in the market and that is Lime FxFX. Founded in 2011 in St. Vincent and the Grenadines, Lime FxFX is making sure to provide its clients with the best trading experience they can have. Each of the countries you see here has the support to join the broker Lime FxFX. This company is a very large trading platform, so you can safely place your deposits or assets here. Lime FxFX offers a choice of two different account types, Lime FxFX MT4, and Lime FxFX MT5. In our opinion, Lime FxFX MT4 is perfect if you are new to limefx scam only trading or more experienced and have a preference for minimalistic yet sophisticated trading tools.

Lime FxFX Review 2025

Then you have the Pro account which uses the slightly more advanced MT5 platform. This offers slightly lower spreads than the Micro account and will have less trading costs for higher volume. Lime FxFX, a leading trading broker, prides itself on offering a fee-free experience for its clients. According to Lime FxFX, they never charge commissions, ensuring a transparent and cost-effective trading environment.

Forex Brokers

• Turns out the CySEC is the independent regulatory body responsible for financial oversight in Cyprus.
• By the end of this review, you’ll know exactly what to expect from Lime FxFX and whether or not they are a legit and reliable broker to trade with.
• If a Lime FxFX trading position does not go in your favour, this is where negative balance protection comes in handy.
• The next stage of onboarding involves following a clearly laid out series of questions.
• The designers created the MT4 account for beginners and traders who prefer simplicity.
• CTrader is also quite a sophisticated platform and comes with a host of features.
• And unlike holding coins in a wallet, my crypto CFD trades aren’t at risk from hacking, lost keys or forgotten passwords.

This makes it an attractive choice for traders looking to maximize their profits without worrying about hidden fees. Copy trading with Lime FxFX is perfect for beginners who are just starting with forex trading. By following experienced traders, you can learn the ropes of the market and develop your own trading skills. Meanwhile, experienced traders can use the platform to share their knowledge and expertise with others while earning additional income.

💳 Weekly Transfers to your accounts.

Lime FxFX allows direct deposit transactions to Switzerland, Thailand, the United Arab Emirates, the United Kingdom, and Qatar. Lime FxFX helps customers to know the basics by using the mobile trading app in the market. The mobile trading app encourages the limefx broker reviews customer to increase investment. See below the benefits you will get in the mobile app for MetaTrader 4/5.

• As a reputable broker, Lime FxFX ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability.
• Lured by the promise of doubling or even tripling his money, Pinjan pledged his gold and redeemed his investments in Life Insurance Corporation of India to invest Rs 8 lakh in a foreign exchange application.
• It’s important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.
• This hands-on experience can help you gain confidence and become more comfortable with trading.
• When it comes to online trading with brokers like Lime FxFX, carefully review Lime FxFX as your broker can make or break your success.
• Lime FxFX is particularly known for its low fees, competitive spreads, and user-friendly platform.

You can search for a profitable trader and invest in their trader one by one. It is also possible to diversify your portfolio by investing in more than one trader for better risk management. MT4/5 and cTrader are one of the top software on the Android platform on mobile.

To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by Lime FxFX terms and conditions. It’s important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them. Lime FxFX partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds.

We would strongly suggest that you use the PC or web-based version for some of your more advanced trading. They have the full screens and allow for a more uninterrupted experience. As mentioned, Metaquotes develops a mobile application for both the MT5 platform as well as the MT4. These are perhaps one of the most downloaded trading apps in the world and have been perfectly honed over the years. This is currently only available in Android but the app seems to have pretty good reviews from the users.

Over 80% of all the reviews in the Google play store are 5-star reviews. CTrader allows you to set Scale-Out and Stop-losses at a number of levels. You also have a host of risk management features that allow you to diversify exposure across a range of different asset classes. CTrader is also quite a sophisticated platform and comes with a host of features. For example, it comes with level 2 quotes as well as access to the FIX API. Orders are also processed much more quickly without any order queues.