LimeFx scam: LimeFx Fees, Spreads and Commissions Reviewed ️ 2023

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LimeFx scam: LimeFx Fees, Spreads and Commissions Reviewed ️ 2023

LimeFx scam
LimeFx scam

The trading of gold and other precious metals involves hard commodities that are contract-based tradable goods. In 2015 the platform was awarded an EU Portfolio Management License from the European Union, making it both legitimate and respected in the trading world. Moreover, since 1 August 2018 The European Securities and Markets Authority has placed investor protection measures on the marketing, distribution, or sale of CFDs to retail clients.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money. Commissions are the charges imposed by an LimeFx broker on a trader for making trades on the trader’s behalf. The level of commissions will vary between different brokers and also depends on the asset being traded and the type of service offered by the broker.

LimeFx Accounts

The forex trading software provided by a broker company to its clients is called the platform and is used to carry out their trades. The independent testimonials about the brokerage company LimeFx service are published in greater details in this section of our portal. Unfortunately, this broker rarely offers its customers the additional promotions what makes the beginning traders stay away from the company. When trading financial instruments such as forex, traders can expect that overnight fees or swap fees may be charged when positions are held for longer than a trading day. LimeFx provides a good choice of trading platforms including the very popular MetaTrader4 platform and its successor MetaTrader5, both also including their mobile applications. LimeFx customers get access to a wide range of products, including popular currency pairs, precious metals, oil, stocks, crude oil, and other instruments.

  • LimeFxcharges standardspreadsthat start at 0.7pipsfor EUR/USD.
  • offers over 35 forex currency pairs, CFDs, gold, silver, oil, futures trading on currencies, metals, ect.
  • The mobile trading platforms deserve the special attention due to a possibility to trade on the Forex market via a smartphone, tablet, and other mobile devices.
  • Equity or stock indices are actual stock market indexes that measure the value of a specific section of a stock market.

Money, Webmoney, QIWI, as well as the online payment system of Alfa Bank, which is called Alfa-Click. LimeFx supports a wide spectrum of payment options to customers for depositing and withdrawing funds. At the end of a trading period, the profit made in the PAMM account is distributed among all the investors in the account while the PAMM trader receives a commission as stipulated in the agreement.

LimeFx Review – 14 Key Point Quick Overview

The interests of our clients are protected by the European standards adopted by our regulator, Cyprus Securities, and Exchange Commission . We are continuously developing new and improving existing financial products that allow you to trade with maximum comfort and efficiency. Traders also need to ensure that they verify additional charges which may be waived by their financial institution. Besides, traders may be subjected to currency conversion fees should they transfer fees in a currency that is different from their account base currency. Additionally, LimeFx may offer its clients the ability to set stop-loss orders, which are orders that automatically close a trade when a certain price level is reached, as a way to manage and limit potential losses. LimeFx seems to not have any minimum deposit requirements to open an account, so customers should decide for themselves what to deposit to start trading.

Information on the company homepage does not state clearly whether trade in cryptocurrencies is offered. Such a bonus is but a way to compensate traders for choosing a certain broker since once the account is opened, the trader will have the same expenses as any other. The bonus is just a reward for the trader’s choice that gives some of these expenses back to the trader, once proving himself as an active trader. CFD trades on other markets have no commission but do wrap a spread around the market price of a certain instrument. When requesting a withdrawal, the waiting period may be between two and five business days for the money to arrive in a trader’s own account. These options include credit or debit cards, bank transfers, Yandex.


Clients may experience different fee structures too, according to their country or place of residence. LimeFx spread and commission fees may differ with spreads from 0.7 pips.LimeFx does charge any account fees, deposits and withdrawals may vary. LimeFx also charges an inactive which may vary on dormant accounts. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. LimeFx offers in effect only one type of account, but the different options are determined by the platform of a trader’s choice, between MT4, MT5, and Zulutrade.

There is no much delay in my transactions and I am able to withdraw my funds within 2-3 days that seems good for me. Overall, I am satisfied with the trading experience from Alfa Financials. Some brokers charge extra fees on Islamic accounts – are either in wider spreads, additional commissions, or administration fees to make up for money that they lose with not charging overnight fees. LimeFx charges withdrawal fees that vary according to the payment method used and the broker does charge inactivity fees on dormant accounts. Further LimeFx does charge deposit fees and commissions on CFD instruments. A multi-asset trading platform is one that allows clients to trade forex but other asset classes, including CFDs on stocks, stock indices, precious metals, and cryptocurrencies as well.

Should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading. The company is headquartered though in Cyprus, hence regulated by the Cyprus Securities and Exchange Commission too. Since mainly being active in Russia, LimeFx has obtained a license from Russia’s Central Bank in 2018 and it is regulated by the Central Bank of the Russian Federation .

LimeFx scam needs to review the security of your connection before proceeding. One of the largest privately owned financial-LimeFx conglomerates in Russia. The LimeFx support team can also advise whether spread betting is allowed and what spread betting fees could apply. You might be able to explore Alfa Forex’s platform straight away, but not to make any trades until you pass compliance, which can take several days. This will allow LimeFx to make sure that your submitted personal details are correct and the safety of your funds and your account details are ensured.

LimeFx is a brand of the Alfa Capital Holdings Limited group of companies, which is authorized and regulated by the Cyprus Securities and Exchange Commission . This means it must comply with regulations designed to protect consumers and ensure the stability of the financial system. If you use Alfa-Bank, there are no commission fees for transfers. The decision about which platform to choose will always depend on what a client would like to trade. They can read articles on fundamental and technical analysis, while various webinars and events are organized by the company on a regular basis. One of the surest benchmarks to measure the safety of a brokerage is to establish which regulating authorities act as watchdogs over its actions.

LimeFx can be summarily described as a worthwhile company for potential traders, with many specs to offer to their traders. They are regulated by a popular financial institution; they have the basic list of trading instruments and their platforms are impressive. The fees and commissions at LimeFx are relatively low and very competitive with the industry standards. The trading fees imposed on traders are imposed via floating spreads on each trade.

Be sure to get detailed information about the LimeFx brokerage company events on this page. If you wish to participate actively in the life of a broker to go LimeFx webinars. Alfa Financials is a forex broker with Metatrader 4 and AX1 Trader as their trading platforms in PC and Mobile version. LimeFx charges standard spreads that start at 0.7 pips for EUR/USD. The broker appears to offer commission-free trading on its accounts, which makes this a competitive offer all round. LimeFxcharges standardspreadsthat start at 0.7pipsfor EUR/USD.

Yes, LimeFx offers a fair trading environment for all types of traders. LimeFx further offers e-books, several courses for beginner traders, and a comprehensive glossary that is easy to navigate and offered in Russian and English. Potential traders need to be assured that the broker company they choose can offer the necessary support and help whenever they may need it. A platform can be a multi-asset one, which means that it allows clients to not only trade forex but also other asset classes like CFDs on stocks, stock indices, precious metals, and cryptocurrencies.

LimeFx Fees, Spreads, and Commissions

The MT4 trading platform is hands down the most popular and preferred trading platform for the trading of forex and delivers an unparalleled experience. The MT5 trading platform is an upgraded version of the MT4 platform that’s significantly better for the trading of numerous financial instruments. Traders can easily participate in all markets and trade thousands of financial assets all from one account and one platform. The MetaTrader WebTrader platform allows traders to trade from any device and any location as long as they have an internet connection because the platform is entirely web based.

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There may also be other fees for services such as account maintenance and deposit/withdrawal transactions. LimeFx supports a wide spectrum of payment options for depositing and withdrawing funds, including credit cards, bank transfers, Yandex. Money, Webmoney, QIWI, as well as the online payment system of Alfa Bank, Alfa-Click.

By 2009, their company had more than ‘expert’ traders or signal providers whose portfolios users could copy to make money. LimeFx’s spread and commissions are generally seen as average, starting from 0.7 limefx reviews pips for EURUSD and traders can benefit from another big positive factor in that there are no added commissions on trading. Margin is the amount of money required in your account in order to open a position.

LimeFx scam

LimeFx and Alfa Group are owned and operated by Alfa Capital Holdings and the brokerages primary headquarters are based out of Cyprus at Themistokli Dervi,5, Elenion Building, 2nd Floor, 1066 Nicosia, Cyprus. Since LimeFx is based here, they are licensed and regulated by the Cyprus Securities and Exchange commission and operate in accordance with the Markets in Financial Instruments Directive . Therefore, LimeFx is clearly a highly reputable and viable online trading brokerage. However, with so many great trading brokers to choose from, how do you know if LimeFx is right for you? Well, in our in-depth review we break down all aspects of this lucrative broker so that you can decide if LimeFx is the right trading brokerage for you. MT5 is the latest version of MT4, with all the positive features of MT4, 21 time periods, 70 technical indicators.

For the EUR/USD forex currency pair, the floating spread starts as low as 0.7 pips and averages at around 1 pip. This is very low, especially considering the broker does not charge any commissions. The spreads for other currency pairs lime fx are quite low as well and the same goes for most CFDs. All information presented on website, including charts, quotes and financial analysis, is informational and doesn`t imply direct instructions for investing.