limefx Review 2022: A Scam Broker?

So, the limefx Company is a part of those companies that folded up its services from operating in the US. Note that none of its services or products are transacted with the citizens of the United States. The minimum deposit amount is £100, €100 or $100, and you can deposit funds in all three base currencies.

The mobile version accurately emulates the desktop version of the platform and integrates seamlessly with the desktop version. The mobile version features advanced charting and most of the features of the desktop version. Both offices can be reached through email or by regular mail to the London office. The broker also provides support via a live chat feature and Facebook Messenger. If you are currently investing with this broker, please share your experience other people reading this review, in the comments section below. The UK’s tier 1 financial regulator FCA has fully authorized and regulated limefx to offer CFD trading products.

ReportScamOnline now considers limefx Global to be operating an online scam. We recommend that our readers not trade with this broker and if you have an open account with this company, we suggest you try to withdraw your funds as soon as possible. The huge experience ETX has on the market can be considered an extra, as well as the solid FCA and CySEC regulation of the owning company. As for trading, the normal features are available, without anything extraordinary. We can note here the webinars, news and a blog containing financial articles. The methods are bank/wire transfer, major credit cards and e-wallets .


Do not try to over-leverage your account by dealing with transactions that are more than your wallet. Deposits are accepted by credit and debit card in addition to bank transfers and electronic wallets like Skrill or Neteller. There are no fees for either depositing funds or making a withdrawal. Withdrawals take up to three business days with funds returned to the source of deposit. There are some standard trading features that you will need to examine when choosing your CFD broker. Commonly these are leverage, stop-loss orders and the type of platform.

limefx scam

The company was originally incorporated in 1965… yup ’65. In 2002 they launched a retail branch called TradIngdex, which was renamed limefx in 2007. Bottom line is that we are dealing with an experienced, highly regulated, trustworthy brokerage that seems to enjoy a positive reputation online. They offer a proprietary web-based platform called ETX TraderPro, which can be a bit confusing in the beginning. Don’t get me wrong, the platform is feature-rich and customizable, which are good things but for a new trader, unfamiliar with the said platform, it will be somewhat overwhelming.

What’s the point of having 24-hour trading if you can’t help someone when they need it? The next means of customer service is email and it carries similar problems – poor response time and useless replies. You shouldn’t have to wait days or in some cases weeks to get a response.

Company Overview

This means you may simultaneously view Heikin-Ashi, Ichimoku, and line charts. The withdrawal is unavailable in wake of wrong information. A request to settle a debt, taxes or other amount that you owe and need to send the money via courier, prepaid bank card or gift card. The communication creates a sense of urgency for you to act immediately and that a failure to act could result in the loss of sensitive information or an amazing special. A request to settle a debt, taxes or other amount owing and to send money via courier, prepaid bank card or gift card. Mistakes can happen even with the most cautious of investors, and should be used as a learning opportunity.

Thank you for taking the time to share your feedback with us — this is all incredibly insightful, and we’ve already relayed it to both our Product and UX teams. The OvalX follows the strategy of tight spreads, since as tighter spread the smaller is the distance that the market in question has to move in, so you can benefit and enjoy truly competitive pricing. OvalX is an online trading name of Monecor Limited, the firm headquartered in London and authorized by the Financial Conduct Authority, as well as the active member of the London Stock Exchange.

OvalX review

With over 50 years of existence in business, plus being regulated under the FCA, the platform has proven to be a secure place for any interested broker. Trading is quite easy on the platform and you can open trade with only one click by the order window. Create your own strategies and templates which you can duplicate on other charts.

  • We also use different external services like Google Webfonts, Google Maps, and external Video providers.
  • Because of their regulation, they take complaints very seriously and traders’ funds are insured up to 85,000 GBP through the Financial Services Compensation Scheme.
  • Level 2 – This level pays 3% of team members investments that are made at this level.
  • You will be asked to verify your account before funding it.

To determine the types of payouts, you can expect you need to take a look at the spreads on offer. Moreover, OvalX offers all of its platforms in mobile format, meaning that you can access your TraderPro platform on your Apple or Android phone or tablet. Nowadays, most traders executing positions wherever they are, that’s why OvalX trading allows you to move around freely while you trade.

Broker by Country

The withdrawal process on limefx may take up to two working days to complete. First, take a look at the step-by-step process for withdrawing funds. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.

  • Any instruments that are mentioned throughout are cited only for illustrative and educational purposes.
  • In addition, the TraderPro platform features dynamic risk management that allows you to gauge your risk before establishing a position.
  • Unlike many brokers, with limefx, there is no live chat function, and the customer support is not available 24/7.

limefx was mentioned as a suspicious platform by the most trusted regulatory body in the UK, the FCA . Our review is based on their respected opinion limefx forex broker and on our personal research. ReportScamOnline suggests that the company operates illegally and without a proper financial regulatory license.

Another point to highlight is the big education offered for traders. limefx is one of the few brokers who want their traders to succeed. There are webinars, eBooks, tutorials, courses, and knowledge-based articles to help you with trading. Surprisingly there is a nearly every day webinar for traders.

Our team used to trade for two years at limefx and we would recommend their platforms to intermediate traders. It’s not well suited for professional trading but also not the best option for noobs that make their first trades. limefx has a limited product portfolio, which doesn’t make it a great trading platform for users. The fees are high, and the dashboard only offers CFDs, forex, and crypto. Charting is the only available research tool, and there are no ideas, fundamental data, or relevant news.

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