The LimeFXForex broker was first established in 2008. However, it was only registered in 2013 in the state of Saint Vincent and the Grenadines. LimeFX is headquartered in Great Britain. This broker started to gain popularity in the European market in 2015 and eventually it has been available to Russian traders. It is also a fully-regulated U.S. exchange.
LimeFX offers trading to various Forex assets including world currencies, stocks, binary options, indices, commodities, and cryptocurrencies. This company claims to have profitable trading with different amounts of revenues.
Trading information including financial conditions, advantages, and disadvantages of this broker would be discussed in this LimeFX review.
LimeFX Review
LimeFX provides its clients the ability to trade binaries and spreads on stock catalogs, Forex markets, commodities, cryptocurrencies, and macroeconomic events like the Fed rate.
Its trading hours start at 6:00 PM Eastern Time of the previous day while it opens overnight until 5:00 PM every Monday to Thursday and 4:15 PM every Friday. LimeFXForex broker suspends trading from 5:00 to 6:00 PM Eastern Time for service exchange.
The funds of LimeFX’s clients are held in separate bank accounts with Harris Bank and Fifth Third Bank. LimeFX’s operating funds were kept in different banks to avoid confusion.
The company meets all requirements necessary for terms of privacy, electronics, physical, and technical safeguards. LimeFXForex broker exceeds the industry standards in keeping its clients’ personal information.
All LimeFx’s products, markets, trading platforms, and price structures are clearly defined on its website. Its FAQ page was mainly used for questions about accounts, deposits, and withdrawals, trading procedures, and platforms.
LimeFX relies on a registered single web page desktop environment. Its trading platform runs on any personal computer or Mac desktop with a modern web browser and Internet connection. Traders can test the platform to see its feature through a free demo account that starts with a virtual balance of $25,000-worth of digital assets. A trader can open an account and fund it by using a debit card, bank transfer, paper check, or Automated Clearing House (ACH) payments.
LimeFXCustomer Reviews
LimeFX announced in August 2018 that it would no longer support binary options on Apple devices and Android applications.
“As you may have heard, unregulated binary basket shops forced the hands of tech giants Apple and Google to ban binary options trading apps … Despite our best efforts, we were forced to remove binary options from our iOS and Android apps in October [2017] and May [2018], respectively, despite being a US-based exchange regulated by the CFTC,”LimeFX’s chief executive officer stated.
Since then, a lot of negative LimeFX customer reviews started to appear online.
“In my opinion, with their action, they only spoiled their reputation even more … Perhaps this is an unsuccessful attempt to forgive sins with terrible gaps that Limefx does not want to cover at its own expense. I am sure that things in the office are terrible since they have reached the lowest stage of evolution and pay for reviews.”
- Alexander Ivanovich (3 months ago)
“I left my phone at the Investing.com registration at 1:36 AM today. I already had the application, but this time, for some reason, I was thrown for forced registration. At 12.26 today, a cheerful guy from some financial office called me with an investment offer. Like,“we have received information that you are interested in financial instruments.” To my question, where did they come from, he honestly said that “well, you register on the websites of our partners”… so quickly I have never been sold to third parties.”
- Mail.Ru Group’s Vice President Anna Artamonova (6 months ago)
“A kitchen that calls 300 times a day to invest in their sharaga. I don’t know where they got the base, but stay away from Limefx.”
- Yuri Igorovich (3 months ago)
“For two weeks now, they have not wanted to see my complaint that their platform, for some reason, completed an additional candlestick on the daily with the chart, and I immediately went into negative territory. Moreover, the stop loss did not work.”
- Kirill Yurchenko (4 months ago)
LimeFXFraud
LimeFX is a Forex brokerage organization that has legal work strategies that involves attracting foreign exchange traders to its platform to raise them. However, some reviews on the Internet say that this broker was involved in different fraudulent activities. The company was tagged as “LimeFX scam” and it eventually gained a bad reputation fortraders.
While this broker is known to be filled with supposed scam charges, LimeFX assures its clients that it is 100% legitimate and honest. LimeFX was designated by the Commodity Futures Trading Commission (CFTC). It is an organization that defines the market for contracts and derivatives clearing. CFTC is a U.S. government agency whose mission is to “promote honesty, transparency, competitiveness, and financially sound markets,” “avoid systemic risk,” and “protect market users and their funds, consumers, and the public from fraud, manipulation, and abuse. In relation to results and other products covered by the Commodity Exchanges Act.”
Conclusion
LimeFX is an online platform for all types of traders wanting to learn about binary options and distributing trades by using a fully-regulated U.S. exchange. This online broker offers binary and spreads that are available on over 5,000 contracts covering a range of currency pairs, commodities, stock catalogs, and unique products like Bitcoin. It also has the ability to bet on macroeconomic events like the Fed rate.
LimeFXforex broker provides extensive and well-designed educational resources for traders who are new to binaries and want to learn more about it. It is best suited for active traders that are interested in day trading and placing bets on various products.