LimeFx broker reviews: LimeFx Broker Review year : Is It a Good Broker or Not?

LimeFx broker reviews
LimeFx broker reviews

The platform has been a major success globally, with retail and corporate clients from more than 170 countries. Although a big brand name, I believe there to be less expensive brokers available. The platform has over 60 inbuilt technical indicators for conducting detailed chart analysis. MT4 supports the scripting and deployment of expert advisors which are used to automate forex and CFD trading. Similar to the basics and fundamental courses, the technical analysis courses are divided into various topics or cards with illustrations.

  • I’ve spent a little over five years on different trading platforms.
  • Over the past 17 years, LimeFx has grown into one of the top online brokers available to the public.
  • Each year we publish tens of thousands of words of research and detailed forex guides, and we monitor dozens of international regulator agencies .
  • And every country has its own rules about leverage.
  • At LimeFx you can trade CFDs of underlying asset classes including forex, stocks, commodities, futures and indices.

And, based on our proprietary scoring system, we concluded that it’s safe to trade with LimeFx. You can compare LimeFx to XM on our comparison table. The maximum leverage on forex pairs varies depending on the entity of LimeFx. The FPA notified LimeFx of this situation in December of 2013 and requested contact with the CEO to end LimeFx’s issues with fake reviews and to make certain that the issue would not repeat. Initially, there were replies from LimeFx, but those ended in January 2014. The next message from LimeFx wasn’t sent until December 2015.

The critical point is that you can do more than just create many accounts. I have withdrawn the money three times already, I do it once in a six months – I get everything in full, I have not noticed any delays, in general the money comes n one or two days. The execution is really good, so, I can’t complain about the broker. But the advantages of trading from this platform are obvious to me. Since I primarily trade on the news, tracking strong trends, integrated economic calendar for me is simply irreplaceable.

Overall LimeFx is trustworthy broker.

With time, more and more traditional brokerage sites open their doors to crypto assets. It has over 10,000+ registered customers and over 17 years of experience on its own record. They’re among the world’s top trading platforms and a dominant figure in the Fintech revolution.

The broker provides very good quality educational materials, and excellent research also cooperates with market-leading providers of data. We found that LimeFx offers one account with a full package of advantages, lime fx also Micro Accounts and Swap-free accounts are available too. A Demo account for practices remains available with a Live account through an easy switch between Live and Demo account right from the platform.

LimeFx broker reviews

Users can access their preferred markets, customize the different chart types and layouts for a hassle-free and low-risk mobile trading experience. Other than offering daily market updates, the LimeFx broker also offers well-researched market analysis in its blog section. The broker also provides resourceful content from third-party research services to help traders make informed decisions for a lucrative trading experience.

I don’t know how a broker managed to achieve such a result on slippages, but it is very cool. Not that slippages somehow have a big impact on my trading, but it’s much nicer to get the price that was originally specified when you open a deal. Although, of course, just like other traders, I was working on the demo for a long time, making many mistakes and not always coping with this stress, which was always haunting me here.

The calendar can be customized to display only the events of interest to the trader. I found the economic calendar to be an important tool since I have been using fundamental analysis methods as part of my trading strategy. Gives direct access to the MetaTrader market where apps, signals, EAs, indicators and other platform tools can be bought or acquired for free. LimeFx is regulated by the South Africa Financial Sector Conduct Authority. It is also regulated by the FSCA, which supervises and regulates the non-banking financial service industry in South Africa. The client can opt for a 2 step verification process or 2 Factor Authentication .

Watchlists are very customizable and also possible for multiple viewing. You can choose multiple time frames to monitor and can conveniently add multiple trading indicators. After setting up a chart, the app allows traders to trade from the chart itself without ease.

Nice conditions, everything clear and easy to use. My experience of trading with LimeFx is almost a year. I never noticed any scams or attempts to drain my depo. In general, as for me, the main advantage of this broker is a good balance between price and quality.

I find this useful for multiple account management in different currencies. Generally, LimeFx does not charge deposit or withdrawal fees, although third-party services may do so. The fees are generally very low and funding methods convenient. LimeFx provides a VPS for traders who desire steady and reliable connection to the trade servers. It is powered by BeeksFx; a well known firm renowned for providing efficient VPS solutions to institutional and retail traders. If you’re looking for a broker that offers free VPS, you might want to check out Blueberry Markets.

What Can I Trade

It allows traders to practice trades without LimeFxs and is an essential tool to understand how the different markets work. MT4 and MT5 platforms together make for the LimeFx Metatrader suite. Creating a user account with LimeFx provides access to both MT4 and MT5 where both have varied features. These accounts do not have commission costs so is the same as a standard account other brokers offer. For this reason, you will find spreads are wider than brokers that have ECN pricing and added commission costs.

LimeFx has the bonus of being able to offer a trading platform designed for spread betting. LimeFx offers access to the most liquid global FX markets. The broker allows traders to trade over 70 currency pairs — including all major pairs and several exotic and minor currency pairs — offering tight spreads and fast order execution.

Services Offered by LimeFx

The choices depend on the location of the trader, and LimeFx has created a great page where the entire process is explained in detail. Traders can easily move funds between multiple trading accounts inside their LimeFx Wallet. The MT5 account features floating spreads and market execution and requires a minimum deposit of $100. The account allows traders to trade various assets without commission fees on the advanced MT5 trading platform. LimeFx offers most of the popular trading platforms like MetaTrader 4 or MT4 platform, the cTrader platform, and even the latest MT5 platform. LimeFx is above the industry average forex trading platform in comparison to other best forex brokers in the market.

LimeFx broker reviews

LimeFx also charges a trading fee of $45 for every million USD traded. If the clients’ accounts have any other currency, an equivalent fee of $45 for that currency applies. Clients incur commission charges whenever they open or close trade positions. Trading features supported by the platform are easy to implement with the added advantage of forex calendar, market indicators, and other tools. Simply put, the trading features are designed to execute most trading styles and strategies. Apart from the aforementioned, LimeFx features trading tools and services that will be discussed further in this review.

Broker Types

I can’t call myself a very successful trader, but I have more than three years of experience and during this time I have been with a couple of companies before I chose LimeFx. As far as I know, yeah… there are several features which distinguish the platform here from classical MT4. You can add custom EAs, use about 20 analytical charting tools or maybe more, 9 time frames. It’s a great broker, but I don’t like it when i have to confirm/accept a trade more than five times before it opens or closes. The special course aimed at psychology sustainability is pretty good though. Think that it’s considered to be something that lots of brokers are missed.

And I’m constantly studying the market to make sure that every step I take is well thought out. As for my work here, I can say that this company does not cause me any problems. Moreover, MT4 includes many indicators and specific settings to look at the situation from different angles. This company is one of a few that I completely recommend. And I have one simple reason and its not about trading itself. While many brokers websites looks very indefinite and brief, LimeFx creates an engaging environment around trading with a lot of info, news releases and info about updates and so on.

We actively trade, publish educational articles and news. We verify and compare brokerage companies and warn our readers about suspicious projects or scam marketing campaigns. We are also a community of traders that support each other on our daily trading journey.

This company is quite competitive with other top forex brokers in the UK and internationally, especially when you consider the excellent trading platforms available. Ctrader platform is offered as a download for both Mac &Windows and web-based application and MT4 mobile app for iOS/Android for CFD traders. You’ll be able to make orders while still having a clear picture of market depth.

It also offers zero commission with a minimum deposit of $100. LimeFx generates its revenues from a combination of spreads and commissions. Spreads on the EUR/USD start from 1.5 pips in the MT4 Trading Platform and 0.2 pips in the cTrader platform where commissions limefx scam apply. Traders can check detailed commissions for each asset on the cTrader platform on the company’s website. LimeFx is upfront and transparent on all trading costs involved; swap rates, positive as well as negative also apply and are passed on to traders.