LimeFx Review 2023: Is It a Legit Forex Broker?

We did this at the London and New York overlap periods. To check the spread, we added the spread column on the MT4’s MarketWatch tab. As shown below, the EUR/USD had a spread of 1 pip on the standard account. The GBP/USD had a spread of 0.8 pips while a minor pair like CHF/JPY had a spread of 2.7 pips. LimeFx provides traders with an excellent 107 Forex pairs but only 100 CFDs. XM maintains 57 currency pairs and 1,283 CFDs, a well-balanced choice, while cryptocurrencies are missing.

LimeFx forex broker

The three types of accounts have almost immediate trade execution. Easy and very fast deposits and withdrawals procedures. And what i like most is the fact that LimeFx has all the various means of withdrawal and deposit no matter your region or country. The mobile money option in Cameroon made me love LimeFx. Trading signals by Trading Central are also available within the personal area in a section called Analyst Views. Here you can select the market that you would like to view, including forex, stocks, indices and commodities.

Features and Platforms

These trading tools include Analytical Tools, Traders Calculator, Economic Calendar, Currency Converter, Tick History, VPS Hosting, and Trading Central WebTV. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. The demo account features live quotes and simulates live market conditions in assets such as forex and CFDs on commodities, indices and stocks. Once you have got up to speed on a demo account, you can easily switch over to a live account. Traders tend to underestimate customer support, but it might be a crucial feature in moments of crisis.

Traders also have access to an insightful economic calendar and a resourceful TC.TechnicalAnalysis. The broker also provides traders with an economic calendar and a TradingAnalysis Trading Indicator. From the look of things, LimeFx doesn’t have in-house content since its Analytics section hasn’t been updated for months now. Although Mini accounts don’t require traders to deposit a minimum amount, clients can only open about 100 positions at a go. Additionally, the spread might go up to 0.3, which is a bit higher compared to the 0.1 spread in the Classic and ECN accounts. MetaTrader 5 is considered to be an improved version of MetaTrader 4.

LimeFx has no minimum deposit but there are minimums of at least $10 which are imposed by every available payment method except one. The company offers personalized response through email, chat, social media and phone. I called the company using the phone numbers provided and the waiting period was relatively short. Also, the company responded to my email messages within less than an hour.

When choosing a broker, trustworthiness is one of the most important things to keep in mind. Always check the broker’s regulations, know how financially secure the firm is, and find out whether the broker is transparent and reliable. These factors, calculated into our score, will help you understand if your money is safe.

Keep in mind that when trading stock CFDs you are speculating on the price of a stock without actually taking ownership of the underlying company. A currency pair combines two different currencies, with the value of one currency quoted against the other. For example EUR/USD, which reflects the value of the euro measured in dollars. MT5 also allows users the convenience of trading directly from the chart. Traders can set up a list of their favorite instruments and follow live quotes in a panel called Market Watch.

You won’t pay any commission on your deposits and withdrawals at LimeFx. We’re sorry to hear that you’re having difficulty with our platform. We have requested your details via Trustpilot’s Find Reviewer, if you could provide your information there, we can check your account and look into this further. Trading accounts at LimeFx are divided into Standard and Professional accounts. The minimum initial deposit depends on the payment method. Online trading involves significant risk, and you may lose all of your invested capital.

They have no hidden commission and an opportunity to trade several CFDs in different places makes it a reliable and stable platform. The Social Trading mobile app is a platform that allows investors to replicate active traders to profit from profitable transactions. Although Social Trading does not come with its trading platform, it acts as one when investors copy deals. With its in-house webinars, this broker offers useful trading information to both beginner and experienced traders.

In order to achieve your trading goals, you need to choose the right account. We evaluate each broker’s account types, how easy it is to open an account with them, and the steps involved, so you can decide if it is worth your time to open an account. In this section, we check the broker’s market offering and how varied limefx reviews the instruments and asset classes are. It will allow you to check if they offer what you’re looking for and what you can trade. LimeFx offers their proprietary mobile app, LimeFx Trader, as well as MetaTrader 4 and 5 for mobile. This feature allows traders to be updated when an instrument reaches a specific price level.

It is a unique URL that serves as a referral ID that investors can share with the clients. Once the URL is shared and the potential client signs up using the partner link, the investor will be rewarded accordingly. They offer many local payment solutions as well as BTC and USDT crypto solutions. CFDs on stocks like Apple, Google, Tesla, and others are available to trade. First broker to exceed the $1 trillion and $2 trillion marks in monthly trading volume, With a Trading volume of $2.530 trillion in October 2022. Withdrawals are done almost immediately and funds can be easily returned through the same method used to deposit.

LimeFx Pros and Cons

Most reviews say that LimeFx is indeed good for beginners, especially if they choose LimeFx Standard Account, where they can invest just $1. This account helps in resolving all the limefx forex broker doubts and problems that s trader faces at the beginning of the trading process. The trader will also get to learn what real trading is and the risk involved in forex trading.

  • Please share with us your details and we will look into your case.
  • The rating system provides a clear picture of how well your broker fulfills this service.
  • Thanks to Mobile trading, clients can complete various trading activities from anywhere in the world provided they are connected to the internet.
  • The company offers 107 currency pairs, 81 stocks and indices, 7 cryptocurrencies, and 12 metals and energies.
  • We have requested your details via Trustpilot’s Find Reviewer, if you could provide your information there, we will look into your details and assist.
  • We are a company that is constantly evolving and your feedback helps us in improving our offerings.

Trailing stop orders and time in force orders are not available. Selecting a Forex and CFD broker who offers quality research and education features can give you an edge in your trading. If you are reading this article, you’re likely having trouble deciding whether LimeFx or XM is the better Forex trading platform for you. While both platforms generally provide positive user experiences, there are some essential differences to note. When it comes to deposit and withdrawal options, it is interesting to know that the investors’ funds are processed with immediate effect. This is to help investors in transferring their money to and fro without any hassle.

LimeFx review – Regulations, Platforms, Instruments & Ratings.

With this, the investors get all the freedom to have control of their funds 24/7. A Standard account offers a great amount of experience in trading, including risk control. According to the LimeFx review, it has a wide range of accounts to offer when it comes to account types to choose from. These accounts are varied in nature and designed to suit everyone interested in trading. Gold, Silver, Platinum, Palladium, and other precious metals can be traded in the form of currency pairs.

LimeFx forex broker

This is a good perk since premium VPS providers charge hundreds of dollars per month. The main difference is that the Professional account charges a minimum commission of $3.5 per trade. I feel that this account is ideal for highly experienced traders.

How do you deposit in LimeFx?

Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only. Since September 2009, automatic withdrawal of funds is available for all LimeFx clients. There is no longer a need to wait for the processing of the withdrawal request.

LimeFx Security Measures

To access unlimited leverage the trading account must have equity of less than $1,000. In addition, the trader must have closed at least 10 positions and 5 lots across all real accounts. After LimeFx shut its retail operations in the UK and the EU, using them only for business-to-business services, traders will deal with its subsidiaries Nymstar or Vlerizo.

LimeFx allows traders to automatically withdraw their funds through various electronic payment systems. This is a major plus because it gives traders total control over their funds around the clock. With LimeFx I trade with confidence and with small spread. I know I can take my profits any time I need to withdraw and will be transferred to my mobile wallet. Technical support has disappeared, funds are still in the account but I can neither withdraw nor transfer….

Interest is forbidden under Sharia law, hence this LimeFx Options Trading does not pay or earn overnight interest or charge rollover fees on open positions. Some custom-made options available on LimeFx Platforms are Trader mobile app, LimeFx Trader mobile app, Social Trading mobile app, and LimeFx Terminal online trading platform. According to reviews, LimeFx Pro Account is the finest option for trading specialists and professionals who are serious about the Forex Market.

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