LimeFx gives clients access to trading contracts for difference (CFDs) on a wide range of asset classes including forex, commodities, spot metals, spot indices, futures and shares. The online broker offers several different account types and trading platforms, as well as a blog, research material and educational resources. LimeFx also offers social trading via its AutoTrade platform and keeps segregated accounts for traders.

The multi-asset broker provides trading instruments and services to retail and institutional clients in 180 countries. LimeFx offers Metatrader limefx scammers 4 and 5 but no dedicated or proprietary trading platform. Social and copy trading options are limited, with no dedicated third-party platform.

LimeFx lets clients trade multiple markets on an Electronic Communications Network (ECN) and also offers an AutoTrade copy trading platform for social traders. An extensive website section is devoted to trader education, which makes LimeFx suitable for beginners. We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms.

Is LimeFx A Good Broker?

LimeFx is a strong all-round broker with a reliable platform, low fees, high leverage, and a selection of welcome bonuses. Traders can also get started with a $100 minimum deposit while the LimeFx.com https://limefx.name/ group has good reviews from other users online. Finally, the fine print advises that spreads widen significantly during volatile and off-market periods, even with fixed spread accounts.

The mobile offering also comes with the LimeFx Research app which gives users an overview of the financial markets and major news events. Also, the broker charges a sizeable 3% of deposited funds when withdrawals are requested during periods of inactivity. Note, the broker is planning to introduce MetaTrader 5 (MT5) to its platform offering, which will bring more advanced analysis tools and trading features for experienced traders.

• To evaluate brokers, we test the accounts, trading tools and services provided.
• With last week providing a pleasant surprise for traders at the last day, the new one begins with new hopes for better days.
• CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
• LimeFx was set up in 2010 by a team of finance and software experts.
• LimeFx supports mobile trading via the MetaTrader 4 (MT4) mobile app.

LimeFx could be a good starting broker for new and intermediate retail traders, although more professional traders might look for a broker with additional research resources and assets. The broker also offers an advanced blog section with numerous articles on the markets. In addition, a VPS is available for $30 per month or with a minimum deposit of $5,000. Mobile users benefit from total trade management without having to sacrifice functionality.

Security could be bolstered through the use of dual-factor platform authentication. While Metatrader 4 and 5 are a bit outdated with some clunkiness, they provide reliability and vast functionality that frequent traders need. LimeFx does not offer its services to residents of certain jurisdictions such as USA, Iran, Cuba, Sudan, Syria and North Korea. With last week providing a pleasant surprise for traders at the last day, the new one begins with new hopes for better days. Finally, there seems to be some light at the end of the tunnel for…

Commissions and Fees

Several account types allow retail clients to bypass LimeFx’s dealing desk, which carries a systematic conflict of interest, and trade directly with the interbank system. Accounts are tiered into Micro, Premium, and VIP levels, depending on capital commitment, with spreads dropping on major Forex pairs between tiers. Minimum EUR/USD spread is listed at 0.7 pips while average spread is listed at 1.2 pips.

LimeFx Product Selection

Investopedia is dedicated to providing investors with unbiased, comprehensive reviews and ratings of online brokers. We established a rating scale based on our criteria, collecting over 3,000 data points that we weighed into our star scoring system. The broker lists an impressive variety of well-documented account types that cover nearly all trading styles and objectives. Clients can choose between two types of floating and an equal number of fixed accounts that offer different spread schedules and fee structures.

LimeFx Customer Service

All withdrawals incur fees that vary among credit cards, electronic tellers, and bank transfers/locations. LimeFx Academy provides impressive educational features for smaller and less-skilled traders. The portal would benefit from more advanced topics but the narrow focus on newer traders makes sense as a marketing tool. A webinar section was locked, leading to a live account application, while the seminar section contained just two non-English programs in MP4 format. Metatrader 4 and 5 for Android, iOS, and Windows Mobile provide easy integration with desktop and tablet versions. They also offer the free LimeFx Research app, which has no trading functions.

Our team of industry experts conducted our reviews and developed this best-in-industry methodology for ranking online investing platforms for users at all levels. The company’s current promotions include its Iron Worlds Championship live trading competition held from mid-June 2021 until mid-December 2021. This competition has a $1 million prize pool with multiple prizes awarded to winners at different stages of the competition.

Forex Trading Details

Armed with account login details, you will get straightforward order execution, with instant execution and pending orders available. MT4 promises advanced charts with nine timeframes, over 30 built-in technical indicators, real-time news, plus automated trading capabilities. The MT4 platform can also be upgraded through MetaTrader’s Market and Signals, where users can buy technical indicators, add-ons, and signals for copy trading. The software is considered one of the best in the industry, especially for forex trading. It is geared towards beginners and intermediates, promising easy-to-use features and straightforward portfolio management.

The free LimeFx Research app allows clients to look at stock market data, financial viewpoints, and videos in an easy-to-use format. However, stale and outdated information undermines the app’s enormous potential, with the most recent entries going back several years in some cases. The “Live Economic News” showed up to date reports, but “Live Currency Quotes” produced a dead link.