LimeFx review: Is it a legit or scam forex broker?

It offers online trading services in most countries around the world, except for example the United States. The detailed list of the countries not served by LimeFx is outlined later in this review. Fee-free withdrawals and deposits are limefx courses scam definitely an advantage. Thanks to this, clients can easily move their inputs without worrying about any possible profit reduction. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money.

• While the Seychelles Financial Services Authority requires its brokers to follow a few rules and regulations, it is not one of the most stringent or reliable regulators out there.
• Use our powerful Interactive Investor Tools to navigate the BDC, CEF, OEF, preferred and baby bond markets.
• Clients can withdraw their funds by completing and submitting the ‘Withdrawal Form’ on the client’s portal.
• Located in a stable and secured marketplace, LimeFx is an excellent choice to participate in global trading.
• LimeFx charges a minimum of $20 or 0.5% of the trading volume for shares trading.

The Fed will pivot eventually even if there is some disagreement about when that happens. AIF net income rose by 32% for the 6-month period ending Dec-22. Another important dynamic is that the pivot to lower short-term rates is likely to pull longer-term rates lower as well. We saw a preview of this recently as 5Y Treasury yields fell around 0.9% over March.

Because the vast majority of leveraged CEFs use floating-rate leverage instruments, rising short-term rates squeezed net income of these funds. The chart below shows how a number of CEF sectors with this profile responded in terms of their distributions. LimeFx is the brand of Gulf Broket Ltd, and the company is regulated by the FSA . LimeFx provides the best services to institutional and retail clients. We, as citizens, place a great deal of trust in the financial advisors who are tasked with helping us achieve and maintain financial security.

Customer Support

I/we have a beneficial long position in the shares of AIF either through stock ownership, options, or other derivatives. Use our powerful Interactive Investor Tools to navigate the BDC, CEF, OEF, preferred and baby bond markets. During periods of stress the dollar tends to rally and this exacerbates drawdowns for local-currency EM bonds, creating a kind of one-two punch of poor performance. Historically, EM currencies have also depreciated relative to the dollar which created a significant drag on returns of funds like EDD, EDI and EDF. Current EM bond prices are fairly depressed and the sector is a bit cleaner with both Ukraine and Russia effectively out of it. Plain ETFs like CEMB, HYEM or EMHY are worth a look in the hard-currency EM space.

On the other hand, if a broker is unregulated, there is no assurance of its reliability. While the registration process is quite simple, we only opened a demo account because a live account required several identification documents. We succeeded in finding a trading terminal even though the leading user dashboard didn’t have a dedicated client area. LimeFx uses the MT5 trading platform, which is available for mobile devices, web, and desktops. Traders need to sign-up, deposit the minimum funds, access the trading platform, and explore the best products to begin trading with LimeFx.

Michael Vincent Drayton Audit ( – A Scam or Legit Broker?

We use dedicated people and clever technology to safeguard our platform. I used this broker last year for few months, there was good spreads and usefull support. Today, trading can be enjoyed well, and even this unstable time makes up lime fx for it, there are new possibilities and opportunities in the online environment. Forex is always risky, but the less information you have from the broker, the worse. So with this broker I am satisfied, its support is very helpful.

This means that CEFs with fixed-income assets will not just benefit from improved net income but may also benefit from lower longer-term rates. For example, over the past month High-Yield bond https://limefx.vip/ CEFs have outperformed Loan CEFs by around 1%. MetaTrader 5 users can make the most of this feature-rich mobile program, which works together with both i-phone along Android apparatus.

I used this broker last year for few…

That said, LimeFx does seem to offer Visa and Mastercard payments; however, a better assortment of financing techniques are seen in other competitions. Clients can deposit and withdraw funds via wire transfer and both debit and credit cards. While the transactions are commission-free, they can be quite restrictive. Clients are required to withdraw funds using the same payment method they used to deposit funds. The broker’s spreads which start at 3 pips for major currency pairs are also quite high compared with the most competitive industry rates. It’s also worth noting that trading forex, commodities, and indices are commission-free on LimeFx, but shares trading is commission based.

Most of the time financial advisors and stockbrokers are honest folks who work diligently in their client’s best interests. However, on occasion financial advisors and the brokerage firms who employ them mess up and cause serious financial harm to their clients. Investors can use mobile or desktop version using a modern Metatrader 5 platform.

LimeFx is a limited liability company that is licensed and regulated by the Financial Services Authority of Seychelles . LimeFx won the second position of the best online broker in a poll carried out by Traders Magazine. This is a good thing as it shows some traders’ confidence in the broker. On the other hand, Islamic accounts do not incur overnight funding or swap fees for any positions left open overnight.

Minimum and Maximum Deposit and Withdrawal

LimeFx additionally charges a monthly care fee of 10 USD on accounts that have been dormant for a minimum of 30 days or even longer. Be aware that many brokers will bill this type of fee just after a couple of weeks of mediation. LimeFx delivers commission-free trading onto its accounts, besides CFD stocks charged at 0.5percent per inch lot. Normal spreads are rather high, but to arrive at three pips to get EUR/USD and five pips to get major indices, just such as the FTSE 100.

LimeFx charges a minimum of $20 or 0.5% of the trading volume for shares trading. Clients should, however, check if any transaction costs are deducted by their payment services provider, like a bank or any third-party merchant. LimeFx offers fee-free deposits and withdrawals via debit/credit cards and Perfect Money. The broker’s website does not state any processing times but deposits via debit/credit card and e-wallets such as Perfect Money are usually instant.

I have a virtual deposit of 100,000 USD to learn how to trade. The broker does not indicate whether the demo account will expire or whether it is available for the exact period. Access to over 800+ financial CFD instruments covering FX, commodities, shares, and indices.

The education section only features four articles that explain how risk instruments work but they are comprehensive and well written. The broker also charges a maintenance fee of 10 USD per month if there is no trading activity for at least one month or more. Trading costs such as spreads and overnight funding rates vary depending on the account type opened and instrument being traded and are covered further down this review. Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. In many other reviews, I have found that LimeFx provides clients with the fastest execution of their orders.

Once you file a complaint against your broker at FINRA, your case will be bound by FINRA’s rules and the arbitration panel’s eventual decision. The time clock will start, and your complaint will be served on your broker or broker-dealer. If you are like most people, before you go out to dinner at a new restaurant, you probably take a quick look at the reviews. This makes sense; you are going to pay for an expensive dinner, and you need to be sure that you are getting a good value. The information on Trader-magazine.com does not serve as an LimeFx or trading recommendation.

I have been looking for a decent broker for trading for a long time, but I could not find him in any way, because there are a lot of fraudsters. This broker was recommended to me by my friends who had been trading with them for a long time. From the first days, I was pleased with the support, they responded quickly and helped. My friends said that this broker is honest and decent, the money is collected quickly and without problems. In line with our comments above about the eventual Fed pivot and the valuation of the Muni CEF sector, we made a marginal rotation towards Muni CEFs across two of our Portfolios.

The average discount in the sector is slightly wider of 10% – an extremely unusual situation. Worsening macro conditions are likely to result in lower longer-term rates, widening credit spreads and lower Fed policy rates. All of these should benefit Municipal CEFs, allowing them to outperform. Their recent outperformance as highlighted above is an indication of what is likely to happen if the current situation gets worse.

The sector’s wide discount suggests investors are looking at the sector with a rear-view mirror of unattractive performance since 2022. LimeFx values that the clients’ confidence and is devoted to extending the maximum heights of security. The broker chooses every precautionary measure to protect the purchaser’s advice, financial resources, and trading atmosphere. Withdrawing funds is usually a tricky subject when dealing with online brokers. From the LimeFx’s website, withdrawal requests are completed as soon as possible.