In total, there are 356 different CFDs offered by LimeFx, with five of these being cryptocurrency CFDs. There are 57 currency pairs on offer and they don’t offer any ETF products. This includes over 350 CFDs, as well as 57 currency pairs and 5 cryptocurrency CFDs.
Popular Forex Guides
European clients under the CySEC jurisdiction are covered by the Investor Compensation Fund (ICF). If a finance company under the CySEC jurisdiction fails then its clients are protected up to €20,000. This could be better if LimeFx had Financial Conduct Authority (FCA) regulation then clients would be protected up to £85,000.
Fees
We are so glad that you are happy with LimeFx’s platform and their offerings. Have you spoken to your dedicated representative can offer any insights or alternative solutions for social trading within LimeFx’s platform. They might be aware of upcoming features or suggest workarounds. But those withdrawal fees for certain methods definitely add up.
Popular Forex Broker Reviews
LimeFx is great for newbie traders because of their educational resources. Just watch out for those spreads – they can fluctuate depending on market conditions. The platform also fosters engaging dialogues about equities and innovative market concepts. It offers an elaborate schedule for its live education programs and free live currency webinars in several languages, seven days a week.
Personally, I have used MT4 for many years and never felt the need to switch over to MT5 just yet. I like that most brokers offer MT4 whereas MT5 is less commonplace. This means that I can test most brokers with a platform that I am already familiar with. You wouldn’t want to master one platform only to be disappointed if you want to switch brokers and the platform is not available.
- Traders with Micro and Standard accounts pay the LimeFx variable spread on CFD trades instead of a commission.
- LimeFx is an online broker for trading on forex with a strict no re-quotes and no rejections policy.
- DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with.
About Forex Accounts
The primary difference between MT4 and MT5 is that MT4 is predominantly a forex trading platform, while MT5 is a multi-asset trading platform. This means that MT5 offers not only FX but also trading in stocks, stock indices and precious metals. A multi-asset trading platform is a trading platform that allows clients to trade not only in forex but also in other asset classes including stock indices, metals or energies. LimeFx offers an exceptional trading platform that combines efficiency with a wide range of tools. Their detailed market analysis has proven invaluable, allowing me to make well-informed choices in my trades.
With multiple licenses from top-tier regulatory bodies, our LimeFx Group review reveals a respected and reliable broker with over a decade of experience. Launched in 2009, LimeFx Group is a great choice for all types of traders as it offers a wide range of instruments, extensive limefx official site research tools, and five different account types. LimeFx Group has also won multiple awards, including ‘Best FX Broker for Europe 2020’. LimeFx Broker provides 24-hour phone, email, or online chat customer service from Monday to Friday in 30 different languages.
Our experts were not disappointed, as LimeFx offers an array of research tools to ensure you get the most from your trades. The broker offers analytical video content, created by an in-house team of trading experts, as well as trading signals, economic calendars, news, and technical analysis. Compared to other brokers, LimeFx Group’s tools stand out due to their clear and intuitive nature. To complete this LimeFx Group broker review, our team downloaded both mobile apps and tested their security features. Overall, the mobile security features at LimeFx could be somewhat safer.
First, there is negative balance protection, which means that even if markets move rapidly against your trades, your account will not be negative. LimeFx does this to protect clients from highly volatile market conditions, such as news releases. LimeFx trading broker is regulated by several regulatory bodies, which ensure that it keeps users’ funds safe and secure at all times. These regulatory bodies include the Financial Services Commission, ASIC, and CySEC. These agencies ensure that LimeFx consistently complies with best practices and remains transparent when dealing with clients. This makes it one of the most trusted brokers as far as investor protection is concerned.
We did not come across any strategy restrictions when we used LimeFx. Scalping, hedging and automated trading are all permitted on the broker’s accounts. The wealth of educational materials available is a key benefit of trading https://limefx.biz/ with LimeFx in our opinion. There is a Learning Centre with regular webinars, as well as an extensive catalog of training videos, tutorials, and trading tips. Our LimeFx review uncovered an average selection of extra trading tools.
Their educational materials are extremely helpful for traders of all levels. An advantage aspect of trading with them is the absence of deposit or withdrawal charges. In essence, traders have unhindered liberty to transfer their funds within and outside their respective trading accounts without bearing supplementary expenses from this broker. Finally, the Advanced Education Room is open to anyone with a funded LimeFx Account. To access it, you must have deposited a minimum of $500 USD in the past three months. This room delivers real trading experience using real-time simulated trading conditions.
LimeFx Group monitors the latest industry trends to keep up to date with innovative technologies and to be able to adapt to clients ever-changing and demanding needs. They do not compromise on trading performance which ensures they offer some of the lowest spreads and fastest execution speeds whilst remaining versatile to ensure you can trade in comfort. In all my time being a trader, this is the one broker that I can vouch for that doesn’t manipulate its charts and is honest with its operations.
We found several features useful, namely the forex calculators, exclusive technical indicators and VPS hosting. Global investors can also access copy trading, where they can mirror the trades of strategy managers with performance metrics to help them find the right provider for their goals. Importantly though, experts do not recommend choosing a broker based on their bonus deals. There are more important factors, including the firm’s trading conditions, tools and safety rating. Looking at the LimeFx Zero account, the average spread for EUR/USD is 0.1 pips excluding the commission. For the same pair on the other two accounts, the average spread for this currency pair is 1.7 pips.
The client has the freedom to decide at which price they decide to buy or sell, and vice versa, and can execute a transaction at any time they wish. LimeFx offers mobile trading for all its trading platforms, and our clients can download the matching application of their platform of choice for both Apple and Android devices. To gain access to any of the LimeFx trading platforms, you will need to have a demo or a live trading account. Each unique account provides you with a login number that allows you login to the trading platform that you selected during the registration. Their educational materials are excellent for both beginners and experienced traders. LimeFx’s trading platform is top-notch, offering a wide variety of instruments.
These are LimeFx Micro, LimeFx Standard, LimeFx Ultra Low (non-EU Only), and LimeFx Zero (EU only). Non-EU clients can also open an LimeFx Global Shares account, and all traders can enjoy demo accounts. LimeFx Group offers variable spreads on all instruments as standard, and fractional pip pricing to the fifth digit.
They charge a one-time $15 inactivity fee after 12 months of dormancy, followed by a $5 monthly fee if the account stays inactive. Traders should know these costs and manage their accounts properly to avoid excessive expenses. It operates without leverage, purely on the MT5 platform, and is only available through LimeFx businesses regulated by the Belize FSC. Protects your personal and financial information from illegal access with powerful data encryption technologies such as SSL technology. They have also implemented two-factor authentication (2FA) for account access, adding an extra security layer beyond the username and password. This makes it possible for nearly anyone to communicate with the support team in their preferred language.