LimeFx Broker Review 2023 Is it Safe or Scam? All Pros & Cons

Yоu will ѕtrugglе tо find a bеttеr mobile trading еxреriеnсе than уоu will gеt оn thе LimeFx trading рlаtfоrm оr should we say рlаtfоrmѕ. Thеn thеrе аrе thе Andrоid versions and thе Mac vеrѕiоnѕ. Thе mobile trading орроrtunitу iѕ ѕо gооd that all уоu need is thе right device аnd аn intеrnеt соnnесtiоn. Bаѕеd on thе specific account type you choose, уоu will еithеr bе рriсеd аt a fixеd оr vаriаblе ѕрrеаd.

  • Compared to other brokers, LimeFx does an excellent job of offering webinars.
  • Even in cases of illiquidity and volatility, LimeFx has a competitive policy.
  • However, one of their unique advantage points is that they offer Fraction PIP pricing which quoting buy/sell price to the 5 decimal point thus giving best prices from its various liquidity providers.
  • This allows you to trade via the web without downloading an internal application software to your device.
  • LimeFx offers free demo trading accounts so that you can practice forex trading before opening a live account.

LimeFx is proud to have never compromised on factors impacting client performance. This directly leads to the broker’s ability to deliver the best execution and tight spreads. Founded in 2009, LimeFx group provides traders with the full MetaTrader platform suite by MetaQuotes Software Corporation. You are free to hedge your positions on your trading account.

LimeFx Overview

For the same pair on the other two accounts, the average spread for this currency pair is 1.7 pips. The broker spokes at least a dozen languages to their customers. From Precious Metals CFDs, Cryptocurrencies and Energies CFDs the broker supports most used online trading assets like Stocks CFDs, Commodities CFDs, Equity Indices CFDs, and of course limefx forex broker Forex pairs. MetaTrader 5 (MT5) takes the famous charting package and the automated trading possibilities to a whole new level. The online trading platform MetaTrader 5, or commonly known as MT5, is the successor of the well-known MetaTrader 4 (MT4). It was developed by MetaQuotes Software Corp., and initially released in 2010 as a beta version.

According to the website www[.]LimeFx[.]com the financial portal is operated by LimeFx Global Limited with a registered address at No. 5 Cork Street, Belize City, Belize, CA. If you are already an LimeFx client with an MT4 account, you can open an additional MT5 account from the Members Area without having to re-submit your verification documents. However, if you are a new client you will need to provide us with all the necessary verification documents (i.e. Proof of Identity and Proof of Residency). The Intermediate Education Room is open to those with a validated LimeFx account.

  • In forex trading, exotic pairs or exotics refers to currency pairs that include a major currency paired with the currency of a smaller or emerging economy.
  • Be careful with forex and CFD trading, as the preset leverage levels may be high.
  • So far, it has executed more than 1.4 billion trades with an impressive zero rejections or requotes.
  • The advantages are very clear for VPS service giving you the ability to trade in the event of poor internet connection speed, computer failure or power cuts.
  • The Market Preview page features daily previews of the European open.

The account opening process is seamless and hassle-free, and the broker offers a wide range of educational tools of great quality.LimeFx has some drawbacks, though.Its product range is limited to forex and CFDs. LimeFx is a global forex and CFD broker regulated by Australia’s ASIC, CySEC of Cyprus, and the Belize authority FSC. You can use many educational tools, such as webinars and a demo account. On the other hand, LimeFx has a limited product portfolio as it offers mainly CFDs and forex trading. Its forex and stock index CFD fees are average, and there is no investor protection for clients onboarded outside the EU.

What Assets Can You Trade With LimeFx?

This room delivers real trading experience using real-time simulated trading conditions. Visiting this room helps clients actually use time frame techniques, charting techniques, indicators, and more. These include trailing stops, stops, limits, and market orders. Place the trade at any time of the day, provided that it is during trading hours.

How Can You Learn to Use the LimeFx Platforms?

All you have to do is to log in to your account, click on “change leverage”, select the preferred leverage and click on “request”. LimeFx provides negative balance protection for both EU and non-EU customers. Answers are quick, and their relevancy is mostly OK.Live chat is quick to respond to the first message but gets a bit slower with subsequent questions.

Out of all the above-mentioned options, choose the option you prefer and click on it. You will be redirected to a page concerning the chosen method. Enter the amount you want to fund and note that funds will be converted into your chosen base currency and then click on the “Deposit” button. We liked that the calendar has a filter function where you can filter for countries, data type and importance. The web trading platform is available in several languages. For a comprehensive comparison of forex fees charged by various brokers, use BrokerChooser’s FX fee calculator.

LimeFx also offers an Islamic account to its Muslim clients which is a Swap-Free account where there is no interest charged on overnight positions. LimeFx also offer an ultra-low account, which offers extremely tight and competitive spreads. You will now be able to see your account summary and positions table. To deposit funds, you need to click on the “Deposit” button which appears to be at the top of the account summary in the form of the title bar. Click on that and you will now be able to find various methods in which you can deposit. LimeFx does not offer its unique cTrader or Webtrader platform unlike Pepperstone’s cTrader or XTB’s xStation5.

Examples of the commission fee calculation (LimeFx Zero Accounts only)

You have access to virtual trading, but those using mac desktop computers will not be able to run this trading platform optimally. There are 51 different trading indicators available to you and there are 31 charting tools you can utilise. The only platform that is offered by LimeFx is MetaTrader, which is an industry standard trading platform. They offer both MetaTrader 4 and MetaTrader 5 and they have tweaked them slightly to suit the specific needs of their users.

Every education room has a systematically designed syllabus to help you strengthen your skills. Anyone, whether or not they are a client of LimeFx, can access the Primary Education Room. This room focuses on fundamentals, basic concepts, opening accounts, and trading, among other topics. LimeFx also offers live account holders free forex signals from Avramis Despotis in the Member Area. There is also an economic calendar and forex calculators.

This is why management has visited more than 120 cities worldwide to meet with clients as well as partners. LimeFx feels that human interactions have a high value and always aims to deliver those interactions. The LimeFx brand (LimeFx Group) is a group of online regulated brokers.

They all have daily live interactive training on weekdays. They include coverage of all topics with real-time guidance and up-to-date information. Compared to other brokers, LimeFx does an excellent job of offering webinars. They are available 7 days a week from 37 webinar instructors and in 19 languages. To view the schedule, simply click on the language of your choice. There are separate homepages on LimeFx for research and for education.

Essentially, a 5th digit can be added to the typical 4-digit price quotes. This lets clients take advantage of even tiny price movements. It also allows for the most accurate quoting and tighter spreads.

Is LimeFx reliable?

A bank transfer can take several business days, while payment with a credit/debit card is instant. You can only deposit money from accounts that are in your name. More than 14 languages are catered for through the customer support service at LimeFx. You can reach them no matter what time of day it may be through their live chat feature.

Spreads on this platform start at just 0.6 pips and there is the option of micro lots. Even in cases of illiquidity and volatility, LimeFx has a competitive policy. LimeFx partners with numerous liquidity providers to significantly limit the risk of illiquidity. In volatile market conditions, LimeFx will execute orders at the market price that is the best available. This is a notification that your account lacks sufficient equity for supporting the open positions.

It also provides international aid by working with international and local human aid foundations that are active. You can view all of the relevant legal documents for LimeFx on the Legal Documents page of the website. This includes documents such as terms and conditions, the bonus program, the loyalty program, the conflicts of interest policy, and more.

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