LimeFx Forex Broker

Now broker still continues its development by adding on more instruments hence influencing the company’s growth too. The LimeFx Cryptocurrencies offer speculation on CFDs with the most popular cryptos, which is a great advantage too. LimeFx is a broker licensed and regulated by the CySec, FCA, SCB and FSCA. While regulation gives to brokers much needed credibility, it still does not mean every regulated broker is honest. In order to be sure that LimeFx is not a scam, read our trader reviews and check other popular trading related websites and forums.

• There is no account fee, and LimeFx charges no withdrawal fee in most cases.
• These applications also allow for backtesting trading strategies.
• LimeFx account opening is fully digital, fast, and straightforward.

Traders can choose between market, limit, stop, and stop‑limit orders. Traders can also specify when the order will expire, providing another degree of control. CTrader offers traders the best trading conditions and remains the recommended trading platform for all traders who don’t have existing trading solutions which operate on the MT4 infrastructure. LimeFx offers a total of six asset classes which allows trader to operate a diversified cross-asset portfolio.

🧐 Is LimeFx a Scam?

LimeFx charges no withdrawal fees in most cases, but there are some exceptions. You must pay a fee if you refund to your PayPal account more than 6 months after the initial funding, or if you refund to Neteller or Skrill without having traded. There are a lot of deposit options at LimeFx, including electronic wallets such as PayPal, Skrill, Neteller. An instant order means an order to trade at the price that appears in the quotes flow. It is possible, though, that this specific price is not available. In this case, the order will be re-quoted with the next available price.

• I cannot say that one is better than the other but is totally based on preference.
• When it comes to trading platforms, the broker features MT5, cTrader, LimeFx Edge and WebTrader and MetaTrader 4.
• The account opening is easy, and there is a great range of trading tools and user-friendly software.
• Traders can choose multiple time frames to monitor and can easily add multiple trading indicators, such as moving averages.

Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. A well-regulated broker across five jurisdictions, LimeFx has enjoyed phenomenal growth over the past decade thanks to its excellent trading conditions.

What is the minimum lot size at LimeFx?

When you open a demo account at LimeFx, the online broker automatically opens a real money account as well. But you can continue to use your demo account as long as you wish and migrate to your live account only when you feel ready for it. I can say for myself that I’m not the most professional trader, because I often hurry events and try to find some ways to make money as quickly and easily as possible. But I understand that this is not the most promising approach, so I try to fight it with all the methods available to me.

The courses offered do a great introductory job to trading. Each analysis under the Market Snapshots section is rather quick, and traders who were looking for a more detailed analysis will be disappointed. The Daily Outlook is also very brief and touches on the key aspects without going deep into details. The Crypto Review offers the most content but remains far from comprehensive. MT4 trading platform is available with the full suite of desktop, mobile and web-based applications.

Reasons for South Africans to Trade with LimeFx.com

Today, the company operates in more than 170 countries and has more than 2,188,000 client accounts and €100 million of tier 1 capital. LimeFx says it is known throughout the industry as a trustworthy and reliable broker. This brings us to the two prime sections of the research department, the in-house LimeFx Market News and the third-party Technical Analysis by Trading Central section. Plenty of fresh research and analysis updated several times during each trading day, makes the LimeFx Market news section a nice read during a trading break. The content is further divided into sections such as Daily Outlook, Market Snapshots and Crypto Review. LimeFx delivers well-rounded products and services ideal for demanding multi-asset traders.

Traders can also create customizable watchlists and leave conditional orders, but hedging is not possible on MetaTrader 5 and will simply cancel offsetting orders. The LimeFx Wallet makes intra-account transfers quick and easy, a great customer support team stands by if needed and LimeFx has collected over 80 industry awards for its services. Research is provided through an in-house team which provides basic research while a partnership with Trading Central offers a more in-depth analysis of financial markets. Founded in 2006, LimeFx has established a reputation as a global Forex broker that is here to stay.

How to Get Started with a Demo Account

There is a good variety of different trading platforms offered by LimeFx. They offer the industry standard MetaTrader 4 and MetaTrader 5 platforms. Most experienced traders will have used one of these platforms in the past, as a large portion of forex brokers use MetaTrader software. 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. LimeFx’s research and insights tools are above average for the industry.

The trader can even create a customized pop‑up message to deliver as well. LimeFx scores quite well when it comes to reputation and trustworthiness. Most importantly, it is regulated in the United Kingdom, which is reputedly safer than some regulators in the EU. LimeFx also advertises that it has one of the highest counterparty credit ratings in the industry, scoring 96 on a 100-point scale, where a high score indicates a lower risk of default or bankruptcy. We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners. Learn more about how we review products and read our advertiser disclosure for how we make money.

The mobile trading platform is available in several languages. 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. We ranked LimeFx’s fees as low, average or high based on how they compare to those charged by all the brokers reviewed by us. To read much more details about the broker’s services and features, expand on the sections below.

An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content. LimeFx competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary LimeFx Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions). The comprehensive educational section is divided into Basics, Fundamental Analysis, Technical Analysis, Psychology, Trading tests, video tutorials and Webinars & Events. It is a well-designed, interactive course and new traders are highly recommended to take advantage of it in order to broaden their knowledge base.

The platform works fast without freezes and withdrawals are prompt. I can say for sure that they do not work against the client and always honestly pay the profit. Is LimeFx legit features all the key aspects you need to look at to see if a broker is safe and legit. All you need to know about the LimeFx customer service. On the negative side, the company doesn’t disclose financial information and isn’t listed on any exchanges.

The broker offers competitive spreads across all our platforms. On the MT4 Raw Spread account, LimeFx offers spreads without markup on FX & Metals, with a commission of $3.50 per lot. TradingBeasts helps individual traders learn how to trade forex, cryptocurrencies and other assets as CFDs. 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.

What Is the Minimum Deposit for LimeFx?

Based on our Expert findings, LimeFx is considered a good broker with safe and very favorable trading conditions. The broker offers a range of trading services designed for both beginner traders and professionals with low initial deposit amounts. As one of the good advantages, LimeFx covers almost the globe, so traders from various countries can sign in, also with the lowest spreads. Users can trade from a variety of different trading platforms which include MetaTrader 4, MetaTrader 5, cTrader and the broker’s own LimeFx Trading Platform for mobile and web.

LimeFx has an educational page providing beginners with content to learn about trading, CFDs, finance, and other topics relevant to the company’s offerings. LimeFx also has an advanced education section for limefx reviews those who already know the basics. For more content, their YouTube channel also has a short educational playlist. LimeFx also provides a glossary of CFD terms, which is not something every broker provides.

Perhaps, there’s nothing unique here for you, but it’s totally different for me. I guess each of you has its own special broker that enabled you to learn new things. Based on our Expert findings, we learned that LimeFx offers both variable and fixed spreads depending on the account type the trader chooses.

Even if I want to trade forex, commodities, indices, or cryptocurrencies, they have it. It gives me the freedom I need to diversify my portfolio and explore different markets. LimeFx’s demo account is a great way to practice trading without risking any real money! As someone who is still learning the ropes of investing, the demo account has been invaluable to me. I can test out different trading styles and learn from my mistakes.

ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Unfortunately, the video tutorials https://limefx.biz/ have been buried in the FAQ section at the bottom under a Watch and Learn category. It would have been nice if they would be presented in their own and traders who wish to browse the videos are better advised to do so on the official Youtube channel of LimeFx.