Traders can attend free webinars hosted weekly in various languages such as English, Spanish, Italian and German. Traders unable to attend can view the webinars on LimeFx’s YouTube channel. LimeFx does not apply fees on deposits and withdrawals to and from LimeFx Wallets. Any opinions, news, research, predictions, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute LimeFx advice. The biggest complaint I have about LimeFx is that they have a very poor selection of assets that you can trade with.
Is LimeFx a good forex broker?
LimeFx is considered trusted, with an overall Trust Score of 82 out of 99. LimeFx is not publicly traded and does not operate a bank. LimeFx is authorised by one tier-1 regulator (high trust), two tier-2 regulators (average trust), and zero tier-3 regulators (low trust).
Neither our writers nor our editors receive direct compensation of any kind to publish information on tokenist.com. Our company, Tokenist Media LLC, is community supported and may receive a small commission when you purchase products or services through links on our website. Click here for a full list of our partners and an in-depth explanation on how we get paid. Traders like you rely on our real-life online forex broker reviews to pick good forex brokers to trade with. LimeFx offers highly secured and powerful trading platforms MetaTrader 4 and MetaTrader 5 available via desktop, web, and mobile versions. Being a UK and European-based regulated broker LimeFx follows strict guidelines set by the European authority ESMA.
Once a client provides all necessary information and documentation to open an account, onboarding is usually done within the same day. Beginner traders can test the platform via a demo account, and professionals can use advanced tools and indicators to improve their technical analysis. Traders can choose between MetaTrader 4, 5, WebTrader and MetaTrader for Mac. The broker offers a wide range of educational materials, https://limefx.group/ These tools are designed to help new traders, and experienced ones as well. The educational tools include webinars, seminars, and video tutorials for beginners, as well as an advanced trading toolkit to help experienced traders expand their trading portfolio. However, the other two types of accounts have relatively lower spreads starting from 0 pips, but they are charged with a flat fee on both sides of the trade.
Is LimeFx good for beginners?
Based on our scoring methodology, LimeFx is not considered good for beginners. If you'd like to see alternatives, check out our picks for the best brokers for beginners.
Markets in individual stocks are due to be rolled out on the MT5 platform in the near future. It appeals as being one of the cheapest brokers in the market to trade on. It has a very fast and stable registration process backed by a strong regulatory framework, and it is getting strong positive feedback on its customer service.
Not all options are available to all traders, and withdrawals will be returned to the same processor used for the deposit. The LimeFx Group was founded in 2014 and has experienced a remarkable growth trajectory ever since. Regulated in four jurisdictions and catering to the English and Spanish markets, the award-winning broker has over 111,000 traders with more than 263,000 accounts.
Trusted broker,easy to deposit and withdrawal
The MQL online community is a useful resource for additional MT4 add-ons and to communicate with fellow users. 71% of retail investor accounts lose money when trading CFDs with LimeFx UK Ltd. You should consider whether you understand how CFDs or our other products work and whether you can afford to take the high risk of losing your money. None of the blogs or other sources of information is to be considered as constituting a track record. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute LimeFx or trading advice. FOREXLIVE™ expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information.
The complimentary research and analysis services are a real plus point for LimeFx. Sentiment monitor Acuity has recently been added to Autochartist and Myfxbook as tools which can be used to develop and enhance trading ideas. The firm’s status as a trusted broker continues to be developed and the LimeFx Group of companies are now regulated by five different and well regarded authorities, including the FCA, and CySEC. In fact, LimeFx complies with regulations to a degree that is well above market average, and is a profitable and viable company.
Recent customer reviews of LimeFx
The minimum password criteria are also advanced in nature with it needing to be a minimum of 12 characters long. There are three base currencies to choose from and negative balance protection rules apply. Deposits can be made through an impressive range of accepted methods, such as Bank Wire, Visa, Mastercard, Neteller, Skrill, FasaPay, paysafecard, Qiwi, UnionPay, DotPay and GlobePay.
The LimeFx Web Trader platform can also be accessed through any browser window so there are lots of ways to stay on top of your trading using handheld devices. This broker has recently started offering Bitcoin, Ethereum and Litecoin. These can be traded without the need of a special ‘wallet’ and can be bought using USD, the GBP and Euro. No, LimeFx is not regulated in the U.S. nor does it offer its services to US citizens.
What type of broker is LimeFx?
Some other platforms have more and give users access to more financial markets, though this is a good amount for you to run your strategy with. The broker LimeFx is a standard broker for MetaTrader with a pretty good selection of tradeable securities. They have some commission-based pricing on retail investor accounts which is competitive with other offers in the space. Overall, LimeFx offers some of the best trading tools in the industry, with tools to suit both beginners and more experienced traders. British traders can open an account at LimeFx but need to meet the minimum deposit requirement of 100 USD to do so. In order to open a VIP Account, traders must maintain a minimum balance of 50,000 USD.
LimeFx do offer a FIX API connection to private and institutional clients who maintain a minimum account balance of $500,000. The monthly commission generated should be $5,000 to get the FIX API for free, otherwise the fee is $5,000 minus commission generated. FIX API allows traders to trade with Direct Market Access for the lowest possible spreads and fastest execution. This is an excellent trading setup for those who are trading large volumes and using strategies which rely on the smallest price movements. I would compare the FIX API offering to that which you can get over at Global Prime. The MT4 trading platform is fully customisable and very user friendly.
Perhaps I’ll trade with them next year with small deposit to see how my ea will work on their prices. Traders are required to fill in their personal information , and trading knowledge, and create a password. Apart from the wide selection of Forex pairs, LimeFx has a disappointing range of CFDs, but we were pleased to see that it is now offering a range of share CFDs. Only profits earned with the bonus are available for withdrawal.
Some of the features accessible through the mobile app include the demo account, over 30 technical indicators and fully interactive candlesticks and bar charts. limefx broker reviews The mobile platforms also offer an easy price viewing and trade ordering process. The VIP account is the epitome of everything that is good about this broker.
NBP protection means traders can’t lose more than their initial stake and most brokers don’t offer it on ECN trades because they are executed in the heart of the market. My friend in DIFC is a credible and reliable source of information. At LimeFx, the clients have to make a deposit of at least $100 to open an account with many brokers of the platform. The platform accepts deposits in USD currency, EUR currency, GBP currency, and PLN currency. It also accepts cryptocurrencies, Bitcoin, Litecoin, and Ethereum. Beginners can commence the trading session with a lot size of as low as 0.01 lots on the base currency pair, and the position size is small for 0.01 lot base currencies.
Trading Platforms of LimeFx Reviewed
In this instance we asked for an update on the current turnaround time for new account documents to be processed and got an answer to our question within minutes. The first page of the registration process at LimeFx includes a neat overview of the process and a summary of the documentation required to complete the process. This is a handy guide that enables new users to get all the required documentation in place and during our test that helped us keep the onboarding time down. LimeFx offers a great range of materials to help traders build up their knowledge and therefore trade safely. There are webinars, tutorials, seminars, eBooks, infographics, glossaries, articles and insights.
- Do you seek to conduct trading and LimeFx in forex, stocks, and other assets?
- This account will let you trade as a demonstration using virtual cash in a simulated trading condition resembling the real trading conditions.
- All deposits from $5,000 also include a zero-fee policy and all fees up to $100 will be covered.
- Fore traders should be able to learn the basics of forex trading from brokers.
- The biggest difference with an Islamic account is that an administration fee is charged for exotic currencies that are held longer than three nights.
- We are know many brokers coming out time to time but we are still stay with broker LimeFx because of realibality and sastenability from ago.
The low trading costs and high leverage make LimeFx an excellent choice for scalper and high-volume traders. Using the services of credible banks in the storage of client’ funds. A valid license from the United Kingdom’s financial conduct authority .
Who is the Most Trusted forex broker?
- Best Forex Brokers.
- CMC Markets: Best Overall and Best for Range of Offerings.
- London Capital Group (LCG): Best for Beginners.
- Saxo Capital Markets: Best for Advanced Traders.
- XTB Online Trading: Best for Low Costs.
- IG: Best for U.S. Traders.
- LimeFx: Best for Trading Experience.
LimeFx offers clients a wide choice of market analysis and trading tools. WebTrader is the same as the MT4 trading platform but is available directly in your browser. MT4 WebTrader opens in seconds and gives you direct access limefx to the markets through a reliable and intuitive interface. The trading platform gives you one-click functionality to open and close positions, employ effective risk management and access an exceptional range of charts.
Make sure you research where a broker is regulated to get an understanding of the regulations it adheres to. This is a better selection when compared to LimeFx, for example, but much lower than the LimeFx selection offered by Interactive Brokers. The account opening process is doesn’t take long to complete and can be done completely online.
You can choose from a good variety of flexible account types and convenient payment options for quick and easy account funding. If you are a beginner then you can open a free demo account which is a great way to practice your strategies without any risk. You can start trading on a real account with a minimum deposit of $100 and it takes just a few minutes to complete the signup process. Overall, I found LimeFx to be a very sophisticated yet simple to use online broker with a professional service that is suitable for all levels of traders. The spreads and commissions are very competitive whilst the accounts are flexible enough to suit different trader needs.